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AMPHENOL CORP-CL A (APH) Stock Fundamental Analysis

NYSE:APH - New York Stock Exchange, Inc. - US0320951017 - Common Stock

72.72  +3.3 (+4.75%)

After market: 73.1982 +0.48 (+0.66%)

Fundamental Rating

6

APH gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. APH has an excellent profitability rating, 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!


Dividend Valuation Growth Profitability Health

8

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.
APH Yearly Net Income VS EBIT VS OCF VS FCFAPH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B 2.5B

1.2 Ratios

APH has a better Return On Assets (11.19%) than 92.50% of its industry peers.
The Return On Equity of APH (23.19%) is better than 92.50% of its industry peers.
With an excellent Return On Invested Capital value of 15.13%, APH belongs to the best of the industry, outperforming 92.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for APH is significantly above the industry average of 9.03%.
The last Return On Invested Capital (15.13%) for APH is above the 3 year average (15.12%), which is a sign of increasing profitability.
Industry RankSector 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%
APH Yearly ROA, ROE, ROICAPH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

1.3 Margins

APH's Profit Margin of 15.40% is amongst the best of the industry. APH outperforms 91.67% of its industry peers.
APH's Profit Margin has been stable in the last couple of years.
APH has a better Operating Margin (21.25%) than 99.17% of its industry peers.
In the last couple of years the Operating Margin of APH has remained more or less at the same level.
APH has a Gross Margin (33.44%) which is comparable to the rest of the industry.
APH's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 21.25%
PM (TTM) 15.4%
GM 33.44%
OM growth 3Y2.5%
OM growth 5Y-0.01%
PM growth 3Y3.14%
PM growth 5Y0.89%
GM growth 3Y1.64%
GM growth 5Y0.1%
APH Yearly Profit, Operating, Gross MarginsAPH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 10 20 30

6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), APH is creating some value.
APH has more shares outstanding than it did 1 year ago.
APH has more shares outstanding than it did 5 years ago.
APH has a better debt/assets ratio than last year.
APH Yearly Shares OutstandingAPH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
APH Yearly Total Debt VS Total AssetsAPH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 5B 10B 15B

2.2 Solvency

APH has an Altman-Z score of 6.91. This indicates that APH is financially healthy and has little risk of bankruptcy at the moment.
APH's Altman-Z score of 6.91 is amongst the best of the industry. APH outperforms 82.50% of its industry peers.
APH has a debt to FCF ratio of 2.45. This is a good value and a sign of high solvency as APH would need 2.45 years to pay back of all of its debts.
The Debt to FCF ratio of APH (2.45) is better than 72.50% 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.
APH has a Debt to Equity ratio of 0.54. This is in the lower half of the industry: APH underperforms 77.50% of its industry peers.
Even though the debt/equity ratio score it not favorable for APH, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 2.45
Altman-Z 6.91
ROIC/WACC1.46
WACC10.37%
APH Yearly LT Debt VS Equity VS FCFAPH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B 8B

2.3 Liquidity

APH has a Current Ratio of 1.99. This is a normal value and indicates that APH is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of APH (1.99) is worse than 62.50% 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's Quick ratio of 1.33 is on the low side compared to the rest of the industry. APH is outperformed by 65.00% of its industry peers.
The current and quick ratio evaluation for APH is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.99
Quick Ratio 1.33
APH Yearly Current Assets VS Current LiabilitesAPH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

7

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 17.85% over the past year.
The Earnings Per Share has been growing by 9.81% on average over the past years. This is quite good.
APH shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 14.17%.
The Revenue has been growing by 8.89% on average over the past years. This is quite good.
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

The Earnings Per Share is expected to grow by 14.48% on average over the next years. This is quite good.
The Revenue is expected to grow by 12.26% on average over the next years. This is quite good.
EPS Next Y23.31%
EPS Next 2Y20.61%
EPS Next 3Y17.7%
EPS Next 5Y14.48%
Revenue Next Year20.77%
Revenue Next 2Y18.21%
Revenue Next 3Y15.16%
Revenue Next 5Y12.26%

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 accelerating.
APH Yearly Revenue VS EstimatesAPH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 5B 10B 15B 20B
APH Yearly EPS VS EstimatesAPH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2 2.5

3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 41.55, the valuation of APH can be described as expensive.
APH's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.29. APH is valued slightly more expensive when compared to this.
APH is valuated quite expensively with a Price/Forward Earnings ratio of 33.22.
APH's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of APH to the average of the S&P500 Index (24.44), we can say APH is valued slightly more expensively.
Industry RankSector Rank
PE 41.55
Fwd PE 33.22
APH Price Earnings VS Forward Price EarningsAPH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

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 RankSector Rank
P/FCF 39.16
EV/EBITDA 24.54
APH Per share dataAPH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of APH may justify a higher PE ratio.
APH's earnings are expected to grow with 17.70% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.78
PEG (5Y)4.23
EPS Next 2Y20.61%
EPS Next 3Y17.7%

6

5. Dividend

5.1 Amount

APH has a yearly dividend return of 0.94%, which is pretty low.
APH's Dividend Yield is rather good when compared to the industry average which is at 1.87. APH pays more dividend than 87.50% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, APH's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.94%

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 Years13
Div Non Decr Years19
APH Yearly Dividends per shareAPH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.1 0.2 0.3 0.4 0.5

5.3 Sustainability

23.80% 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.
DP23.8%
EPS Next 2Y20.61%
EPS Next 3Y17.7%
APH Yearly Income VS Free CF VS DividendAPH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B
APH Dividend Payout.APH Dividend Payout, showing the Payout Ratio.APH Dividend Payout.PayoutRetained Earnings

AMPHENOL CORP-CL A

NYSE:APH (1/21/2025, 8:04:00 PM)

After market: 73.1982 +0.48 (+0.66%)

72.72

+3.3 (+4.75%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)10-23 2024-10-23/bmo
Earnings (Next)01-22 2025-01-22/bmo
Inst Owners96.97%
Inst Owner Change-0.02%
Ins Owners0.52%
Ins Owner Change-1.91%
Market Cap87.67B
Analysts74.17
Price Target79.47 (9.28%)
Short Float %1.16%
Short Ratio2.31
Dividend
Industry RankSector Rank
Dividend Yield 0.94%
Yearly Dividend0.56
Dividend Growth(5Y)5.87%
DP23.8%
Div Incr Years13
Div Non Decr Years19
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.53%
Min EPS beat(2)7.07%
Max EPS beat(2)9.98%
EPS beat(4)4
Avg EPS beat(4)7.79%
Min EPS beat(4)5.96%
Max EPS beat(4)9.98%
EPS beat(8)8
Avg EPS beat(8)5.71%
EPS beat(12)12
Avg EPS beat(12)6.57%
EPS beat(16)16
Avg EPS beat(16)6.85%
Revenue beat(2)2
Avg Revenue beat(2)5.27%
Min Revenue beat(2)5.12%
Max Revenue beat(2)5.42%
Revenue beat(4)4
Avg Revenue beat(4)4.82%
Min Revenue beat(4)4.1%
Max Revenue beat(4)5.42%
Revenue beat(8)8
Avg Revenue beat(8)3.38%
Revenue beat(12)12
Avg Revenue beat(12)4.36%
Revenue beat(16)16
Avg Revenue beat(16)4.82%
PT rev (1m)0.61%
PT rev (3m)7.13%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.63%
EPS NY rev (1m)-0.03%
EPS NY rev (3m)3.99%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)8.37%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)2.43%
Valuation
Industry RankSector Rank
PE 41.55
Fwd PE 33.22
P/S 6.16
P/FCF 39.16
P/OCF 31.21
P/B 9.28
P/tB N/A
EV/EBITDA 24.54
EPS(TTM)1.75
EY2.41%
EPS(NY)2.19
Fwd EY3.01%
FCF(TTM)1.86
FCFY2.55%
OCF(TTM)2.33
OCFY3.2%
SpS11.81
BVpS7.84
TBVpS-0.12
PEG (NY)1.78
PEG (5Y)4.23
Profitability
Industry RankSector Rank
ROA 11.19%
ROE 23.19%
ROCE 19.29%
ROIC 15.13%
ROICexc 16.83%
ROICexgc 52.73%
OM 21.25%
PM (TTM) 15.4%
GM 33.44%
FCFM 15.73%
ROA(3y)11.64%
ROA(5y)11.07%
ROE(3y)25.15%
ROE(5y)24.66%
ROIC(3y)15.12%
ROIC(5y)14.63%
ROICexc(3y)17.05%
ROICexc(5y)16.68%
ROICexgc(3y)49.58%
ROICexgc(5y)49.28%
ROCE(3y)19.27%
ROCE(5y)18.64%
ROICexcg growth 3Y5.84%
ROICexcg growth 5Y-7.17%
ROICexc growth 3Y3.61%
ROICexc growth 5Y-3.81%
OM growth 3Y2.5%
OM growth 5Y-0.01%
PM growth 3Y3.14%
PM growth 5Y0.89%
GM growth 3Y1.64%
GM growth 5Y0.1%
F-Score5
Asset Turnover0.73
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 2.45
Debt/EBITDA 1.42
Cap/Depr 104.95%
Cap/Sales 4.01%
Interest Coverage 19.81
Cash Conversion 78.73%
Profit Quality 102.12%
Current Ratio 1.99
Quick Ratio 1.33
Altman-Z 6.91
F-Score5
WACC10.37%
ROIC/WACC1.46
Cap/Depr(3y)93.51%
Cap/Depr(5y)92.98%
Cap/Sales(3y)3.11%
Cap/Sales(5y)3.23%
Profit Quality(3y)93.37%
Profit Quality(5y)98.79%
High Growth Momentum
Growth
EPS 1Y (TTM)17.85%
EPS 3Y17.19%
EPS 5Y9.81%
EPS Q2Q%28.21%
EPS Next Y23.31%
EPS Next 2Y20.61%
EPS Next 3Y17.7%
EPS Next 5Y14.48%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y13.45%
Revenue growth 5Y8.89%
Sales Q2Q%26.24%
Revenue Next Year20.77%
Revenue Next 2Y18.21%
Revenue Next 3Y15.16%
Revenue Next 5Y12.26%
EBIT growth 1Y17.99%
EBIT growth 3Y16.28%
EBIT growth 5Y8.88%
EBIT Next Year49.75%
EBIT Next 3Y25.55%
EBIT Next 5Y16.88%
FCF growth 1Y43.19%
FCF growth 3Y17.91%
FCF growth 5Y21.87%
OCF growth 1Y44.82%
OCF growth 3Y16.68%
OCF growth 5Y17.84%