AMPHENOL CORP-CL A (APH)
US0320951017 - Common Stock
Taking everything into account, APH scores 6 out of 10 in our fundamental rating. 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 valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
APH had positive earnings in the past year.
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
Looking at the Return On Assets, with a value of 11.19%, APH belongs to the top of the industry, outperforming 94.31% of the companies in the same industry.
APH's Return On Equity of 23.19% is amongst the best of the industry. APH outperforms 93.50% of its industry peers.
The Return On Invested Capital of APH (15.13%) is better than 93.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APH is significantly above the industry average of 8.68%.
The 3 year average ROIC (15.12%) for APH is below the current ROIC(15.13%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.19% | ||
| ROE | 23.19% | ||
| ROIC | 15.13% |
ROA(3y)11.64%
ROA(5y)11.07%
ROE(3y)25.15%
ROE(5y)24.66%
ROIC(3y)15.12%
ROIC(5y)14.63%
1.3 Margins
APH has a Profit Margin of 15.40%. This is amongst the best in the industry. APH outperforms 93.50% of its industry peers.
In the last couple of years the Profit Margin of APH has remained more or less at the same level.
APH's Operating Margin of 21.25% is amongst the best of the industry. APH outperforms 99.19% of its industry peers.
APH's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 33.44%, APH perfoms like the industry average, outperforming 51.22% of the companies in the same 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 | 21.25% | ||
| PM (TTM) | 15.4% | ||
| GM | 33.44% |
OM growth 3Y2.5%
OM growth 5Y-0.01%
PM growth 3Y3.16%
PM growth 5Y0.89%
GM growth 3Y1.64%
GM growth 5Y0.1%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so APH is still creating some value.
The number of shares outstanding for APH has been increased compared to 1 year ago.
The number of shares outstanding for APH has been increased compared to 5 years ago.
APH has a better debt/assets ratio than last year.
2.2 Solvency
APH has an Altman-Z score of 7.18. This indicates that APH is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 7.18, APH belongs to the best of the industry, outperforming 86.99% of the companies in the same industry.
The Debt to FCF ratio of APH is 2.45, which is a good value as it means it would take APH, 2.45 years of fcf income to pay off all of its debts.
APH has a better Debt to FCF ratio (2.45) than 72.36% of its industry peers.
APH has a Debt/Equity ratio of 0.54. This is a neutral value indicating APH is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.54, APH is doing worse than 80.49% of the companies in the same industry.
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 | 0.54 | ||
| Debt/FCF | 2.45 | ||
| Altman-Z | 7.18 |
ROIC/WACC1.53
WACC9.89%
2.3 Liquidity
A Current Ratio of 1.99 indicates that APH should not have too much problems paying its short term obligations.
APH's Current ratio of 1.99 is on the low side compared to the rest of the industry. APH is outperformed by 65.85% of its industry peers.
A Quick Ratio of 1.33 indicates that APH should not have too much problems paying its short term obligations.
APH has a Quick ratio of 1.33. This is in the lower half of the industry: APH underperforms 67.48% of its industry peers.
APH does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
APH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.85%, which is quite good.
APH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.81% yearly.
Looking at the last year, APH shows a quite strong growth in Revenue. The Revenue has grown by 14.17% in the last year.
Measured over the past years, APH shows a quite strong growth in Revenue. The Revenue has been growing by 8.89% on average per year.
EPS 1Y (TTM)17.85%
EPS 3Y17.19%
EPS 5Y9.81%
EPS Q2Q%28.21%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y13.45%
Revenue growth 5Y8.89%
Sales Q2Q%26.24%
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 9.63% yearly.
Based on estimates for the next years, APH will show a small growth in Revenue. The Revenue will grow by 7.55% on average per year.
EPS Next Y23.37%
EPS Next 2Y20.51%
EPS Next 3Y17.75%
EPS Next 5Y9.63%
Revenue Next Year20.78%
Revenue Next 2Y18.11%
Revenue Next 3Y15.17%
Revenue Next 5Y7.55%
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 stable.
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
The Price/Earnings ratio is 41.85, which means the current valuation is very expensive for APH.
APH's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of APH to the average of the S&P500 Index (28.96), we can say APH is valued slightly more expensively.
Based on the Price/Forward Earnings ratio of 33.51, the valuation of APH can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as APH.
The average S&P500 Price/Forward Earnings ratio is at 23.82. APH is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.85 | ||
| Fwd PE | 33.51 |
4.2 Price Multiples
APH's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as APH.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.44 | ||
| EV/EBITDA | 25.83 |
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 17.75% in the coming years.
PEG (NY)1.79
PEG (5Y)4.27
EPS Next 2Y20.51%
EPS Next 3Y17.75%
5. Dividend
5.1 Amount
With a yearly dividend of 0.91%, APH is not a good candidate for dividend investing.
APH's Dividend Yield is rather good when compared to the industry average which is at 1.95. APH pays more dividend than 86.99% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.23, APH's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.91% |
5.2 History
The dividend of APH has a limited annual growth rate of 5.87%.
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)5.87%
Div Incr Years12
Div Non Decr Years18
5.3 Sustainability
23.80% of the earnings are spent on dividend by APH. This is a low number and sustainable payout ratio.
APH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.8%
EPS Next 2Y20.51%
EPS Next 3Y17.75%
AMPHENOL CORP-CL A
NYSE:APH (11/21/2024, 8:12:32 PM)
Premarket: 73.98 +0.74 (+1.01%)73.24
+2.35 (+3.31%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap88.30B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.91% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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PT rev (1m)
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EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.85 | ||
| Fwd PE | 33.51 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.79
PEG (5Y)4.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.19% | ||
| ROE | 23.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.25% | ||
| PM (TTM) | 15.4% | ||
| GM | 33.44% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.73
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.33 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)17.85%
EPS 3Y17.19%
EPS 5Y
EPS Q2Q%
EPS Next Y23.37%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.17%
Revenue growth 3Y13.45%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y