AMPHENOL CORP-CL A (APH) Stock Fundamental Analysis
USA - NYSE:APH - US0320951017 - Common Stock
126.25 USD
+0.46 (+0.37%)
125.97 USD
-0.28 (-0.22%)
Overall APH gets a fundamental rating of 7 out of 10. We evaluated APH against 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 showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings could make APH a good candidate for growth investing.
1. Profitability
1.1 Basic Checks
In the past year APH was profitable.
In the past year APH had a positive cash flow from operations.
APH had positive earnings in each of the past 5 years.
In the past 5 years APH always reported a positive cash flow from operatings.
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.
Looking at the Return On Equity, with a value of 27.60%, APH belongs to the top of the industry, outperforming 92.74% of the companies in the same industry.
APH's Return On Invested Capital of 17.30% is amongst the best of the industry. APH outperforms 92.74% of its industry peers.
APH had an Average Return On Invested Capital over the past 3 years of 15.75%. This is significantly above the industry average of 9.44%.
The last Return On Invested Capital (17.30%) for APH is above the 3 year average (15.75%), which is a sign of increasing profitability.
| 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 better Profit Margin (16.90%) than 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.
In the last couple of years the Operating Margin of APH has grown nicely.
APH has a Gross Margin (34.73%) which is comparable to the rest of the industry.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so APH is creating value.
The number of shares outstanding for APH has been increased compared to 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 8.51 indicates that APH is not in any danger for bankruptcy at the moment.
APH has a better Altman-Z score (8.51) than 85.48% 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.
Looking at the Debt to FCF ratio, with a value of 2.86, APH is in the better half of the industry, outperforming 70.97% of the companies in the same industry.
A Debt/Equity ratio of 0.62 indicates that APH is somewhat dependend on debt financing.
APH has a worse Debt to Equity ratio (0.62) than 78.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.62 | ||
| Debt/FCF | 2.86 | ||
| Altman-Z | 8.51 |
ROIC/WACC1.91
WACC9.04%
2.3 Liquidity
APH has a Current Ratio of 2.02. This indicates that APH is financially healthy and has no problem in meeting its short term obligations.
APH has a Current ratio of 2.02. This is comparable to the rest of the industry: APH outperforms 41.94% of its industry peers.
A Quick Ratio of 1.46 indicates that APH should not have too much problems paying its short term obligations.
APH has a Quick ratio (1.46) which is in line with its industry peers.
| 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.
APH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.11% yearly.
The Revenue has grown by 40.51% 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)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 2Y35.81%
EPS Next 3Y27.63%
EPS Next 5Y18.7%
Revenue Next Year44.95%
Revenue Next 2Y26.83%
Revenue Next 3Y20.86%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
APH is valuated quite expensively with a Price/Earnings ratio of 50.70.
The rest of the industry has a similar Price/Earnings ratio as APH.
APH's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.70.
A Price/Forward Earnings ratio of 36.22 indicates a quite expensive valuation of APH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APH is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of APH to the average of the S&P500 Index (23.15), we can say APH is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.7 | ||
| Fwd PE | 36.22 |
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 the industry average as 61.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 54.71 | ||
| EV/EBITDA | 30.93 |
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.
APH's earnings are expected to grow with 27.63% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.81
PEG (5Y)3.35
EPS Next 2Y35.81%
EPS Next 3Y27.63%
5. Dividend
5.1 Amount
With a yearly dividend of 0.53%, APH is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.05, 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 0.53, APH pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
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 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
APH pays out 22.97% of its income as dividend. This is a sustainable payout ratio.
APH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP22.97%
EPS Next 2Y35.81%
EPS Next 3Y27.63%
126.25
+0.46 (+0.37%)
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%
Ins Owners0.46%
Ins Owner Change2%
Market Cap154.14B
Analysts76.52
Price Target122.17 (-3.23%)
Short Float %1.58%
Short Ratio2.1
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
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)3.96%
PT rev (3m)27.93%
EPS NQ rev (1m)0.39%
EPS NQ rev (3m)17.52%
EPS NY rev (1m)0%
EPS NY rev (3m)14.05%
Revenue NQ rev (1m)0.2%
Revenue NQ rev (3m)6.92%
Revenue NY rev (1m)-0.84%
Revenue NY rev (3m)7.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.7 | ||
| Fwd PE | 36.22 | ||
| P/S | 8.19 | ||
| P/FCF | 54.71 | ||
| P/OCF | 41.29 | ||
| P/B | 13.38 | ||
| P/tB | N/A | ||
| EV/EBITDA | 30.93 |
EPS(TTM)2.49
EY1.97%
EPS(NY)3.49
Fwd EY2.76%
FCF(TTM)2.31
FCFY1.83%
OCF(TTM)3.06
OCFY2.42%
SpS15.41
BVpS9.43
TBVpS-0.1
PEG (NY)0.81
PEG (5Y)3.35
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 | 8.51 |
F-Score7
WACC9.04%
ROIC/WACC1.91
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 2Y35.81%
EPS Next 3Y27.63%
EPS Next 5Y18.7%
Revenue 1Y (TTM)40.51%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%56.53%
Revenue Next Year44.95%
Revenue Next 2Y26.83%
Revenue Next 3Y20.86%
Revenue Next 5Y14.42%
EBIT growth 1Y53.19%
EBIT growth 3Y14.72%
EBIT growth 5Y14.84%
EBIT Next Year105.18%
EBIT Next 3Y35.71%
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%