AMPHENOL CORP-CL A (APH) Stock Fundamental Analysis
USA - NYSE:APH - US0320951017 - Common Stock
139.34 USD
+0.23 (+0.17%)
140 USD
+0.66 (+0.47%)
We assign a fundamental rating of 7 out of 10 to APH. APH was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. APH scores excellent on profitability, but there are some minor concerns on its financial health. APH is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings would make APH suitable for growth investing!
1. Profitability
1.1 Basic Checks
In the past year APH was profitable.
APH had a positive operating cash flow in the past year.
In the past 5 years APH has always been profitable.
In the past 5 years APH always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of APH (14.08%) is better than 91.94% of its industry peers.
APH has a better Return On Equity (30.52%) than 91.94% of its industry peers.
APH has a better Return On Invested Capital (19.58%) than 93.55% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for APH is significantly above the industry average of 9.36%.
The 3 year average ROIC (15.75%) for APH is below the current ROIC(19.58%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.08% | ||
| ROE | 30.52% | ||
| ROIC | 19.58% |
ROA(3y)11.79%
ROA(5y)11.2%
ROE(3y)24.99%
ROE(5y)24.51%
ROIC(3y)15.75%
ROIC(5y)14.94%
1.3 Margins
APH's Profit Margin of 18.22% is amongst the best of the industry. APH outperforms 95.97% of its industry peers.
APH's Profit Margin has improved in the last couple of years.
APH has a better Operating Margin (24.64%) than 99.19% of its industry peers.
In the last couple of years the Operating Margin of APH has grown nicely.
APH has a better Gross Margin (35.94%) than 60.48% of its industry peers.
In the last couple of years the Gross Margin of APH has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.64% | ||
| PM (TTM) | 18.22% | ||
| GM | 35.94% |
OM growth 3Y2.56%
OM growth 5Y1.53%
PM growth 3Y2.87%
PM growth 5Y2.55%
GM growth 3Y2.58%
GM growth 5Y1.2%
2. Health
2.1 Basic Checks
APH has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
APH has more shares outstanding than it did 1 year ago.
The number of shares outstanding for APH has been increased compared to 5 years ago.
APH has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 9.14 indicates that APH is not in any danger for bankruptcy at the moment.
APH has a Altman-Z score of 9.14. This is amongst the best in the industry. APH outperforms 83.87% of its industry peers.
APH has a debt to FCF ratio of 2.27. This is a good value and a sign of high solvency as APH would need 2.27 years to pay back of all of its debts.
APH has a Debt to FCF ratio of 2.27. This is in the better half of the industry: APH outperforms 74.19% of its industry peers.
A Debt/Equity ratio of 0.57 indicates that APH is somewhat dependend on debt financing.
The Debt to Equity ratio of APH (0.57) is worse than 74.19% of its industry peers.
Although APH does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 2.27 | ||
| Altman-Z | 9.14 |
ROIC/WACC2.13
WACC9.17%
2.3 Liquidity
A Current Ratio of 2.07 indicates that APH has no problem at all paying its short term obligations.
APH's Current ratio of 2.07 is in line compared to the rest of the industry. APH outperforms 45.97% of its industry peers.
A Quick Ratio of 1.52 indicates that APH should not have too much problems paying its short term obligations.
APH has a Quick ratio (1.52) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.52 |
3. Growth
3.1 Past
APH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 66.86%, which is quite impressive.
The Earnings Per Share has been growing by 15.11% on average over the past years. This is quite good.
The Revenue has grown by 47.37% in the past year. This is a very strong growth!
The Revenue has been growing by 13.10% on average over the past years. This is quite good.
EPS 1Y (TTM)66.86%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%86%
Revenue 1Y (TTM)47.37%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%53.37%
3.2 Future
The Earnings Per Share is expected to grow by 18.70% on average over the next years. This is quite good.
The Revenue is expected to grow by 14.42% on average over the next years. This is quite good.
EPS Next Y62.92%
EPS Next 2Y37.17%
EPS Next 3Y28.68%
EPS Next 5Y18.7%
Revenue Next Year45.12%
Revenue Next 2Y28.02%
Revenue Next 3Y21.41%
Revenue Next 5Y14.42%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 47.72, APH can be considered very expensive at the moment.
APH's Price/Earnings is on the same level as the industry average.
APH is valuated expensively when we compare the Price/Earnings ratio to 26.10, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 39.18, which means the current valuation is very expensive for APH.
The rest of the industry has a similar Price/Forward Earnings ratio as APH.
When comparing the Price/Forward Earnings ratio of APH to the average of the S&P500 Index (22.52), we can say APH is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.72 | ||
| Fwd PE | 39.18 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as APH.
Based on the Price/Free Cash Flow ratio, APH is valued a bit cheaper than 62.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.83 | ||
| EV/EBITDA | 29.11 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
APH has an outstanding profitability rating, which may justify a higher PE ratio.
APH's earnings are expected to grow with 28.68% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.76
PEG (5Y)3.16
EPS Next 2Y37.17%
EPS Next 3Y28.68%
5. Dividend
5.1 Amount
APH has a yearly dividend return of 0.72%, which is pretty low.
Compared to an average industry Dividend Yield of 2.03, APH pays a better dividend. On top of this APH pays more dividend than 83.06% of the companies listed in the same industry.
With a Dividend Yield of 0.72, APH pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
5.2 History
The dividend of APH has a limited annual growth rate of 1.08%.
APH has been paying a dividend for at least 10 years, so it has a reliable track record.
APH has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.08%
Div Incr Years13
Div Non Decr Years19
5.3 Sustainability
20.92% of the earnings are spent on dividend by APH. This is a low number and sustainable payout ratio.
The dividend of APH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.92%
EPS Next 2Y37.17%
EPS Next 3Y28.68%
139.34
+0.23 (+0.17%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.83%
Inst Owner Change0.12%
Ins Owners0.46%
Ins Owner Change1.8%
Market Cap170.12B
Revenue(TTM)20.97B
Net Income(TTM)3.82B
Analysts76.52
Price Target145.2 (4.21%)
Short Float %0.71%
Short Ratio1.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.72% |
Yearly Dividend0.49
Dividend Growth(5Y)1.08%
DP20.92%
Div Incr Years13
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)18.31%
Min EPS beat(2)15.68%
Max EPS beat(2)20.94%
EPS beat(4)4
Avg EPS beat(4)16.51%
Min EPS beat(4)8.61%
Max EPS beat(4)20.94%
EPS beat(8)8
Avg EPS beat(8)12.15%
EPS beat(12)12
Avg EPS beat(12)9.31%
EPS beat(16)16
Avg EPS beat(16)9.05%
Revenue beat(2)2
Avg Revenue beat(2)10.97%
Min Revenue beat(2)10.85%
Max Revenue beat(2)11.1%
Revenue beat(4)4
Avg Revenue beat(4)9.97%
Min Revenue beat(4)5.39%
Max Revenue beat(4)12.54%
Revenue beat(8)8
Avg Revenue beat(8)7.4%
Revenue beat(12)12
Avg Revenue beat(12)5.57%
Revenue beat(16)16
Avg Revenue beat(16)5.76%
PT rev (1m)21.71%
PT rev (3m)46.63%
EPS NQ rev (1m)13.62%
EPS NQ rev (3m)14.87%
EPS NY rev (1m)0.31%
EPS NY rev (3m)13.99%
Revenue NQ rev (1m)5.65%
Revenue NQ rev (3m)5.87%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)1.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.72 | ||
| Fwd PE | 39.18 | ||
| P/S | 8.11 | ||
| P/FCF | 47.83 | ||
| P/OCF | 37.81 | ||
| P/B | 13.59 | ||
| P/tB | 254.14 | ||
| EV/EBITDA | 29.11 |
EPS(TTM)2.92
EY2.1%
EPS(NY)3.56
Fwd EY2.55%
FCF(TTM)2.91
FCFY2.09%
OCF(TTM)3.69
OCFY2.64%
SpS17.18
BVpS10.25
TBVpS0.55
PEG (NY)0.76
PEG (5Y)3.16
Graham Number25.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 14.08% | ||
| ROE | 30.52% | ||
| ROCE | 24.42% | ||
| ROIC | 19.58% | ||
| ROICexc | 23.98% | ||
| ROICexgc | 76.42% | ||
| OM | 24.64% | ||
| PM (TTM) | 18.22% | ||
| GM | 35.94% | ||
| FCFM | 16.96% |
ROA(3y)11.79%
ROA(5y)11.2%
ROE(3y)24.99%
ROE(5y)24.51%
ROIC(3y)15.75%
ROIC(5y)14.94%
ROICexc(3y)18.39%
ROICexc(5y)17.4%
ROICexgc(3y)54.81%
ROICexgc(5y)51.2%
ROCE(3y)19.64%
ROCE(5y)18.64%
ROICexgc growth 3Y8.48%
ROICexgc growth 5Y1.55%
ROICexc growth 3Y5.77%
ROICexc growth 5Y2.06%
OM growth 3Y2.56%
OM growth 5Y1.53%
PM growth 3Y2.87%
PM growth 5Y2.55%
GM growth 3Y2.58%
GM growth 5Y1.2%
F-Score8
Asset Turnover0.77
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.57 | ||
| Debt/FCF | 2.27 | ||
| Debt/EBITDA | 1.19 | ||
| Cap/Depr | 115.36% | ||
| Cap/Sales | 4.49% | ||
| Interest Coverage | 20.21 | ||
| Cash Conversion | 75.18% | ||
| Profit Quality | 93.09% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 1.52 | ||
| Altman-Z | 9.14 |
F-Score8
WACC9.17%
ROIC/WACC2.13
Cap/Depr(3y)101.88%
Cap/Depr(5y)97.32%
Cap/Sales(3y)3.46%
Cap/Sales(5y)3.38%
Profit Quality(3y)98.21%
Profit Quality(5y)95.61%
High Growth Momentum
Growth
EPS 1Y (TTM)66.86%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%86%
EPS Next Y62.92%
EPS Next 2Y37.17%
EPS Next 3Y28.68%
EPS Next 5Y18.7%
Revenue 1Y (TTM)47.37%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%53.37%
Revenue Next Year45.12%
Revenue Next 2Y28.02%
Revenue Next 3Y21.41%
Revenue Next 5Y14.42%
EBIT growth 1Y70.85%
EBIT growth 3Y14.72%
EBIT growth 5Y14.84%
EBIT Next Year105.18%
EBIT Next 3Y35.71%
EBIT Next 5Y21.56%
FCF growth 1Y75.15%
FCF growth 3Y22.14%
FCF growth 5Y12.23%
OCF growth 1Y88.09%
OCF growth 3Y22.26%
OCF growth 5Y13.38%
AMPHENOL CORP-CL A / APH FAQ
What is the fundamental rating for APH stock?
ChartMill assigns a fundamental rating of 7 / 10 to APH.
What is the valuation status of AMPHENOL CORP-CL A (APH) stock?
ChartMill assigns a valuation rating of 4 / 10 to AMPHENOL CORP-CL A (APH). This can be considered as Fairly Valued.
How profitable is AMPHENOL CORP-CL A (APH) stock?
AMPHENOL CORP-CL A (APH) has a profitability rating of 9 / 10.
Can you provide the expected EPS growth for APH stock?
The Earnings per Share (EPS) of AMPHENOL CORP-CL A (APH) is expected to grow by 62.92% in the next year.
Is the dividend of AMPHENOL CORP-CL A sustainable?
The dividend rating of AMPHENOL CORP-CL A (APH) is 6 / 10 and the dividend payout ratio is 20.92%.