AMPHENOL CORP-CL A (APH) Stock Fundamental Analysis
NYSE:APH - New York Stock Exchange, Inc. - US0320951017 - Common Stock - Currency: USD
We assign a fundamental rating of 6 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 valued quite expensive, but it does show an excellent growth. This makes APH very considerable 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.
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 11.31% is amongst the best of the industry. APH outperforms 93.33% of its industry peers.
Looking at the Return On Equity, with a value of 24.76%, APH belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
APH has a better Return On Invested Capital (15.17%) than 92.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APH is significantly above the industry average of 8.95%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.31% | ||
| ROE | 24.76% | ||
| ROIC | 15.17% |
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 15.92% is amongst the best of the industry. APH outperforms 93.33% of its industry peers.
APH's Profit Margin has improved in the last couple of years.
APH's Operating Margin of 21.57% is amongst the best of the industry. APH outperforms 99.17% of its industry peers.
In the last couple of years the Operating Margin of APH has grown nicely.
APH has a Gross Margin (33.76%) which is comparable to the rest of the industry.
APH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.57% | ||
| PM (TTM) | 15.92% | ||
| GM | 33.76% |
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.
Compared to 1 year ago, APH has more shares outstanding
Compared to 5 years ago, APH has more shares outstanding
Compared to 1 year ago, APH has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 6.32 indicates that APH is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.32, APH belongs to the top of the industry, outperforming 82.50% of the companies in the same industry.
The Debt to FCF ratio of APH is 3.20, which is a good value as it means it would take APH, 3.20 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of APH (3.20) is better than 62.50% of its industry peers.
APH has a Debt/Equity ratio of 0.66. This is a neutral value indicating APH is somewhat dependend on debt financing.
The Debt to Equity ratio of APH (0.66) is worse than 82.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 3.2 | ||
| Altman-Z | 6.32 |
ROIC/WACC1.74
WACC8.72%
2.3 Liquidity
A Current Ratio of 2.37 indicates that APH has no problem at all paying its short term obligations.
With a Current ratio value of 2.37, APH perfoms like the industry average, outperforming 51.67% of the companies in the same industry.
APH has a Quick Ratio of 1.75. This is a normal value and indicates that APH is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.75, APH perfoms like the industry average, outperforming 52.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.37 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
APH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 25.58%, which is quite impressive.
Measured over the past years, APH shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.11% on average per year.
APH shows a strong growth in Revenue. In the last year, the Revenue has grown by 21.25%.
The Revenue has been growing by 13.10% on average over the past years. This is quite good.
EPS 1Y (TTM)25.58%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%34.15%
Revenue 1Y (TTM)21.25%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%29.76%
3.2 Future
The Earnings Per Share is expected to grow by 11.86% on average over the next years. This is quite good.
Based on estimates for the next years, APH will show a quite strong growth in Revenue. The Revenue will grow by 10.21% on average per year.
EPS Next Y23%
EPS Next 2Y17.49%
EPS Next 3Y15.12%
EPS Next 5Y11.86%
Revenue Next Year21.74%
Revenue Next 2Y15.29%
Revenue Next 3Y12.65%
Revenue Next 5Y10.21%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 35.76 indicates a quite expensive valuation of APH.
The rest of the industry has a similar Price/Earnings ratio as APH.
Compared to an average S&P500 Price/Earnings ratio of 29.63, APH is valued a bit more expensive.
The Price/Forward Earnings ratio is 29.07, which means the current valuation is very expensive for APH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of APH is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.68. APH is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.76 | ||
| Fwd PE | 29.07 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APH is on the same level as its industry peers.
The rest of the industry has a similar Price/Free Cash Flow ratio as APH.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.08 | ||
| EV/EBITDA | 22.7 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
APH has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as APH's earnings are expected to grow with 15.12% in the coming years.
PEG (NY)1.55
PEG (5Y)2.37
EPS Next 2Y17.49%
EPS Next 3Y15.12%
5. Dividend
5.1 Amount
With a yearly dividend of 0.95%, APH is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.92, APH pays a better dividend. On top of this APH pays more dividend than 87.50% of the companies listed in the same industry.
With a Dividend Yield of 0.95, APH pays less dividend than the S&P500 average, which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
5.2 History
The dividend of APH has a limited annual growth rate of 1.11%.
APH has been paying a dividend for at least 10 years, so it has 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)1.11%
Div Incr Years13
Div Non Decr Years19
5.3 Sustainability
APH pays out 24.55% 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.
DP24.55%
EPS Next 2Y17.49%
EPS Next 3Y15.12%
67.58
-1.79 (-2.58%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.97%
Inst Owner Change2.28%
Ins Owners0.52%
Ins Owner Change-1.88%
Market Cap81.84B
Analysts74.78
Price Target85.64 (26.72%)
Short Float %1.05%
Short Ratio1.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.95% |
Yearly Dividend0.5
Dividend Growth(5Y)1.11%
DP24.55%
Div Incr Years13
Div Non Decr Years19
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.29%
Min EPS beat(2)8.61%
Max EPS beat(2)9.98%
EPS beat(4)4
Avg EPS beat(4)8.45%
Min EPS beat(4)7.07%
Max EPS beat(4)9.98%
EPS beat(8)8
Avg EPS beat(8)6.39%
EPS beat(12)12
Avg EPS beat(12)6.51%
EPS beat(16)16
Avg EPS beat(16)6.77%
Revenue beat(2)2
Avg Revenue beat(2)5.26%
Min Revenue beat(2)5.12%
Max Revenue beat(2)5.39%
Revenue beat(4)4
Avg Revenue beat(4)5.01%
Min Revenue beat(4)4.1%
Max Revenue beat(4)5.42%
Revenue beat(8)8
Avg Revenue beat(8)3.84%
Revenue beat(12)12
Avg Revenue beat(12)4.1%
Revenue beat(16)16
Avg Revenue beat(16)4.64%
PT rev (1m)7.76%
PT rev (3m)15.64%
EPS NQ rev (1m)8.2%
EPS NQ rev (3m)16.62%
EPS NY rev (1m)6.19%
EPS NY rev (3m)6.37%
Revenue NQ rev (1m)6.85%
Revenue NQ rev (3m)17.27%
Revenue NY rev (1m)5.3%
Revenue NY rev (3m)5.47%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.76 | ||
| Fwd PE | 29.07 | ||
| P/S | 5.38 | ||
| P/FCF | 38.08 | ||
| P/OCF | 29.08 | ||
| P/B | 8.36 | ||
| P/tB | 247.49 | ||
| EV/EBITDA | 22.7 |
EPS(TTM)1.89
EY2.8%
EPS(NY)2.32
Fwd EY3.44%
FCF(TTM)1.77
FCFY2.63%
OCF(TTM)2.32
OCFY3.44%
SpS12.57
BVpS8.09
TBVpS0.27
PEG (NY)1.55
PEG (5Y)2.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.31% | ||
| ROE | 24.76% | ||
| ROCE | 18.92% | ||
| ROIC | 15.17% | ||
| ROICexc | 18.78% | ||
| ROICexgc | 57.74% | ||
| OM | 21.57% | ||
| PM (TTM) | 15.92% | ||
| GM | 33.76% | ||
| FCFM | 14.12% |
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-Score6
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 3.2 | ||
| Debt/EBITDA | 1.68 | ||
| Cap/Depr | 116.23% | ||
| Cap/Sales | 4.37% | ||
| Interest Coverage | 18.3 | ||
| Cash Conversion | 72.98% | ||
| Profit Quality | 88.66% | ||
| Current Ratio | 2.37 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z | 6.32 |
F-Score6
WACC8.72%
ROIC/WACC1.74
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)25.58%
EPS 3Y15.08%
EPS 5Y15.11%
EPS Q2Q%34.15%
EPS Next Y23%
EPS Next 2Y17.49%
EPS Next 3Y15.12%
EPS Next 5Y11.86%
Revenue 1Y (TTM)21.25%
Revenue growth 3Y11.86%
Revenue growth 5Y13.1%
Sales Q2Q%29.76%
Revenue Next Year21.74%
Revenue Next 2Y15.29%
Revenue Next 3Y12.65%
Revenue Next 5Y10.21%
EBIT growth 1Y26.6%
EBIT growth 3Y14.72%
EBIT growth 5Y14.84%
EBIT Next Year53.46%
EBIT Next 3Y22.17%
EBIT Next 5Y15.88%
FCF growth 1Y-0.31%
FCF growth 3Y22.14%
FCF growth 5Y12.23%
OCF growth 1Y11.31%
OCF growth 3Y22.26%
OCF growth 5Y13.38%