AMPHENOL CORP-CL A (APH) Stock Fundamental Analysis
NYSE:APH - US0320951017 - Common Stock
111.94 USD
+1.81 (+1.64%)
111.94 USD
0 (0%)
Taking everything into account, APH scores 7 out of 10 in our fundamental rating. APH was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. While APH belongs to the best of the industry regarding profitability, 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
APH had positive earnings in the past year.
APH had a positive operating cash flow in the past year.
Each year in the past 5 years APH has been profitable.
APH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APH's Return On Assets of 12.39% is amongst the best of the industry. APH outperforms 92.74% of its industry peers.
APH has a Return On Equity of 27.60%. This is amongst the best in the industry. APH outperforms 91.94% of its industry peers.
Looking at the Return On Invested Capital, with a value of 17.30%, APH belongs to the top of the industry, outperforming 92.74% of the companies in the same industry.
APH had an Average Return On Invested Capital over the past 3 years of 15.75%. This is significantly above the industry average of 9.70%.
The 3 year average ROIC (15.75%) for APH is below the current ROIC(17.30%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.39% | ||
| ROE | 27.6% | ||
| ROIC | 17.3% |
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 has a Profit Margin of 16.90%. This is amongst the best in the industry. APH outperforms 95.97% of its industry peers.
In the last couple of years the Profit Margin of APH has grown nicely.
APH has a Operating Margin of 23.01%. This is amongst the best in the industry. APH outperforms 99.19% of its industry peers.
APH's Operating Margin has improved in the last couple of years.
APH has a Gross Margin (34.73%) which is in line with 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 | 23.01% | ||
| PM (TTM) | 16.9% | ||
| GM | 34.73% |
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), APH is creating value.
APH has more shares outstanding than it did 1 year ago.
APH has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, APH has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 7.70 indicates that APH is not in any danger for bankruptcy at the moment.
APH's Altman-Z score of 7.70 is amongst the best of the industry. APH outperforms 84.68% of its industry peers.
The Debt to FCF ratio of APH is 2.86, which is a good value as it means it would take APH, 2.86 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of APH (2.86) is better than 70.97% of its industry peers.
A Debt/Equity ratio of 0.62 indicates that APH is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.62, APH is not doing good in the industry: 77.42% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 2.86 | ||
| Altman-Z | 7.7 |
ROIC/WACC1.84
WACC9.39%
2.3 Liquidity
A Current Ratio of 2.02 indicates that APH has no problem at all paying its short term obligations.
The Current ratio of APH (2.02) is comparable to the rest of the industry.
APH has a Quick Ratio of 1.46. This is a normal value and indicates that APH is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.46, APH is in line with its industry, outperforming 41.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.46 |
3. Growth
3.1 Past
APH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 51.83%, which is quite impressive.
The Earnings Per Share has been growing by 15.11% on average over the past years. This is quite good.
APH shows a strong growth in Revenue. In the last year, the Revenue has grown by 40.51%.
The Revenue has been growing by 13.10% on average over the past years. This is quite good.
EPS 1Y (TTM)51.83%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%84.09%
Revenue 1Y (TTM)40.51%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%56.53%
3.2 Future
APH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 18.70% yearly.
APH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.42% yearly.
EPS Next Y62.41%
EPS Next 2Y35.85%
EPS Next 3Y27.74%
EPS Next 5Y18.7%
Revenue Next Year46.18%
Revenue Next 2Y27.23%
Revenue Next 3Y21.22%
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
APH is valuated quite expensively with a Price/Earnings ratio of 44.96.
APH's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.17, APH is valued quite expensively.
The Price/Forward Earnings ratio is 32.09, which means the current valuation is very expensive for APH.
The rest of the industry has a similar Price/Forward Earnings ratio as APH.
APH's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.96 | ||
| Fwd PE | 32.09 |
4.2 Price Multiples
APH's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of APH indicates a somewhat cheap valuation: APH is cheaper than 62.90% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 48.51 | ||
| EV/EBITDA | 27.2 |
4.3 Compensation for Growth
APH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of APH may justify a higher PE ratio.
A more expensive valuation may be justified as APH's earnings are expected to grow with 27.74% in the coming years.
PEG (NY)0.72
PEG (5Y)2.97
EPS Next 2Y35.85%
EPS Next 3Y27.74%
5. Dividend
5.1 Amount
With a yearly dividend of 0.61%, APH is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.59, APH pays a better dividend. On top of this APH pays more dividend than 83.87% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, APH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
5.2 History
The dividend of APH has a limited annual growth rate of 1.08%.
APH has paid a dividend for at least 10 years, which is a reliable track record.
APH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1.08%
Div Incr Years13
Div Non Decr Years19
5.3 Sustainability
APH pays out 22.97% of its income as dividend. This is a sustainable payout ratio.
The dividend of APH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP22.97%
EPS Next 2Y35.85%
EPS Next 3Y27.74%
111.94
+1.81 (+1.64%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.31%
Inst Owner Change-3.45%
Ins Owners0.46%
Ins Owner Change2.91%
Market Cap136.67B
Analysts76.52
Price Target117.51 (4.98%)
Short Float %1.08%
Short Ratio1.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.61% |
Yearly Dividend0.49
Dividend Growth(5Y)1.08%
DP22.97%
Div Incr Years13
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.87%
Min EPS beat(2)20.81%
Max EPS beat(2)20.94%
EPS beat(4)4
Avg EPS beat(4)15.08%
Min EPS beat(4)8.61%
Max EPS beat(4)20.94%
EPS beat(8)8
Avg EPS beat(8)10.78%
EPS beat(12)12
Avg EPS beat(12)8.48%
EPS beat(16)16
Avg EPS beat(16)8.23%
Revenue beat(2)2
Avg Revenue beat(2)11.82%
Min Revenue beat(2)11.1%
Max Revenue beat(2)12.54%
Revenue beat(4)4
Avg Revenue beat(4)8.54%
Min Revenue beat(4)5.12%
Max Revenue beat(4)12.54%
Revenue beat(8)8
Avg Revenue beat(8)6.32%
Revenue beat(12)12
Avg Revenue beat(12)5.07%
Revenue beat(16)16
Avg Revenue beat(16)5.26%
PT rev (1m)18.67%
PT rev (3m)36.6%
EPS NQ rev (1m)14.25%
EPS NQ rev (3m)32.59%
EPS NY rev (1m)13.64%
EPS NY rev (3m)14.4%
Revenue NQ rev (1m)5%
Revenue NQ rev (3m)16.95%
Revenue NY rev (1m)7.88%
Revenue NY rev (3m)8.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.96 | ||
| Fwd PE | 32.09 | ||
| P/S | 7.26 | ||
| P/FCF | 48.51 | ||
| P/OCF | 36.61 | ||
| P/B | 11.86 | ||
| P/tB | N/A | ||
| EV/EBITDA | 27.2 |
EPS(TTM)2.49
EY2.22%
EPS(NY)3.49
Fwd EY3.12%
FCF(TTM)2.31
FCFY2.06%
OCF(TTM)3.06
OCFY2.73%
SpS15.41
BVpS9.43
TBVpS-0.1
PEG (NY)0.72
PEG (5Y)2.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 12.39% | ||
| ROE | 27.6% | ||
| ROCE | 21.58% | ||
| ROIC | 17.3% | ||
| ROICexc | 20.61% | ||
| ROICexgc | 66.79% | ||
| OM | 23.01% | ||
| PM (TTM) | 16.9% | ||
| GM | 34.73% | ||
| FCFM | 14.97% |
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%
ROICexcg growth 3Y8.48%
ROICexcg 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-Score7
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 2.86 | ||
| Debt/EBITDA | 1.39 | ||
| Cap/Depr | 115.77% | ||
| Cap/Sales | 4.87% | ||
| Interest Coverage | 17.49 | ||
| Cash Conversion | 72.89% | ||
| Profit Quality | 88.6% | ||
| Current Ratio | 2.02 | ||
| Quick Ratio | 1.46 | ||
| Altman-Z | 7.7 |
F-Score7
WACC9.39%
ROIC/WACC1.84
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)51.83%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%84.09%
EPS Next Y62.41%
EPS Next 2Y35.85%
EPS Next 3Y27.74%
EPS Next 5Y18.7%
Revenue 1Y (TTM)40.51%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%56.53%
Revenue Next Year46.18%
Revenue Next 2Y27.23%
Revenue Next 3Y21.22%
Revenue Next 5Y14.42%
EBIT growth 1Y53.19%
EBIT growth 3Y14.72%
EBIT growth 5Y14.84%
EBIT Next Year105.43%
EBIT Next 3Y35.9%
EBIT Next 5Y21.56%
FCF growth 1Y45.04%
FCF growth 3Y22.14%
FCF growth 5Y12.23%
OCF growth 1Y58.84%
OCF growth 3Y22.26%
OCF growth 5Y13.38%