AMPHENOL CORP-CL A (APH)
US0320951017 - Common Stock
We assign a fundamental rating of 6 out of 10 to APH. APH was compared to 127 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. These ratings could make APH a good candidate 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.
APH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
APH has a Return On Assets of 11.19%. This is amongst the best in the industry. APH outperforms 92.80% of its industry peers.
With an excellent Return On Equity value of 23.19%, APH belongs to the best of the industry, outperforming 92.80% of the companies in the same industry.
The Return On Invested Capital of APH (15.13%) is better than 92.80% of its industry peers.
The Average Return On Invested Capital over the past 3 years for APH is significantly above the industry average of 8.74%.
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 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
With an excellent Profit Margin value of 15.40%, APH belongs to the best of the industry, outperforming 92.00% of the companies in the same industry.
APH's Profit Margin has been stable in the last couple of years.
APH has a better Operating Margin (21.25%) than 99.20% of its industry peers.
APH's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 33.44%, APH is in line with its industry, outperforming 52.80% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), APH is creating some value.
Compared to 1 year ago, APH has more shares outstanding
The number of shares outstanding for APH has been increased compared to 5 years ago.
The debt/assets ratio for APH has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 6.99 indicates that APH is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.99, APH belongs to the top of the industry, outperforming 84.80% of the companies in the same industry.
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.
APH's Debt to FCF ratio of 2.45 is fine compared to the rest of the industry. APH outperforms 73.60% of its industry peers.
A Debt/Equity ratio of 0.54 indicates that APH is somewhat dependend on debt financing.
The Debt to Equity ratio of APH (0.54) is worse than 77.60% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.54 | ||
| Debt/FCF | 2.45 | ||
| Altman-Z | 6.99 |
ROIC/WACC1.47
WACC10.31%
2.3 Liquidity
A Current Ratio of 1.99 indicates that APH should not have too much problems paying its short term obligations.
APH has a Current ratio of 1.99. This is in the lower half of the industry: APH underperforms 64.00% of its industry peers.
A Quick Ratio of 1.33 indicates that APH should not have too much problems paying its short term obligations.
The Quick ratio of APH (1.33) is worse than 66.40% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.33 |
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.
The Revenue has grown by 14.17% in the past year. This is quite good.
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
APH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.48% yearly.
Based on estimates for the next years, APH will show a quite strong growth in Revenue. The Revenue will grow by 12.26% on average per year.
EPS Next Y23.35%
EPS Next 2Y20.55%
EPS Next 3Y17.64%
EPS Next 5Y14.48%
Revenue Next Year20.78%
Revenue Next 2Y18.15%
Revenue Next 3Y15.1%
Revenue Next 5Y12.26%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 40.33, APH can be considered very expensive at the moment.
APH's Price/Earnings ratio is in line with the industry average.
APH's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.73.
With a Price/Forward Earnings ratio of 32.27, APH can be considered very expensive at the moment.
APH's Price/Forward Earnings is on the same level as the industry average.
APH's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.33 | ||
| Fwd PE | 32.27 |
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.
Based on the Price/Free Cash Flow ratio, APH is valued a bit cheaper than 61.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 38.01 | ||
| EV/EBITDA | 24.93 |
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.
APH's earnings are expected to grow with 17.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.73
PEG (5Y)4.11
EPS Next 2Y20.55%
EPS Next 3Y17.64%
5. Dividend
5.1 Amount
With a yearly dividend of 0.94%, APH is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.85, APH pays a better dividend. On top of this APH pays more dividend than 87.20% of the companies listed in the same industry.
With a Dividend Yield of 0.94, APH pays less dividend than the S&P500 average, which is at 2.34.
| Industry Rank | Sector 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
5.3 Sustainability
APH pays out 23.80% 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.
DP23.8%
EPS Next 2Y20.55%
EPS Next 3Y17.64%
AMPHENOL CORP-CL A
NYSE:APH (12/20/2024, 9:48:13 PM)
After market: 70.58 0 (0%)70.58
+0.57 (+0.81%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.97%
Inst Owner Change-1.21%
Ins Owners0.52%
Ins Owner Change-1.91%
Market Cap85.09B
Analysts74.17
Price Target78.99 (11.92%)
Short Float %1.25%
Short Ratio2.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.94% |
Dividend Growth(5Y)5.87%
DP23.8%
Div Incr Years13
Div Non Decr Years19
Ex-Date
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)6.67%
PT rev (3m)5.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)8.63%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)4.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)8.4%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.33 | ||
| Fwd PE | 32.27 | ||
| P/S | 5.98 | ||
| P/FCF | 38.01 | ||
| P/OCF | 30.29 | ||
| P/B | 9 | ||
| P/tB | N/A | ||
| EV/EBITDA | 24.93 |
EPS(TTM)1.75
EY2.48%
EPS(NY)2.19
Fwd EY3.1%
FCF(TTM)1.86
FCFY2.63%
OCF(TTM)2.33
OCFY3.3%
SpS11.81
BVpS7.84
TBVpS-0.12
PEG (NY)1.73
PEG (5Y)4.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.19% | ||
| ROE | 23.19% | ||
| ROCE | 19.29% | ||
| ROIC | 15.13% | ||
| ROICexc | 16.83% | ||
| ROICexgc | 52.72% | ||
| 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)16.67%
ROICexgc(3y)49.57%
ROICexgc(5y)49.28%
ROCE(3y)19.27%
ROCE(5y)18.64%
ROICexcg growth 3Y5.84%
ROICexcg growth 5Y-7.17%
ROICexc growth 3Y3.6%
ROICexc growth 5Y-3.82%
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%
F-Score5
Asset Turnover0.73
Health
| Industry Rank | Sector 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 | 6.99 |
F-Score5
WACC10.31%
ROIC/WACC1.47
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)98.8%
High Growth Momentum
Growth
EPS 1Y (TTM)17.85%
EPS 3Y17.19%
EPS 5Y9.81%
EPS Q2Q%28.21%
EPS Next Y23.35%
EPS Next 2Y20.55%
EPS Next 3Y17.64%
EPS Next 5Y14.48%
Revenue 1Y (TTM)14.17%
Revenue growth 3Y13.45%
Revenue growth 5Y8.89%
Sales Q2Q%26.24%
Revenue Next Year20.78%
Revenue Next 2Y18.15%
Revenue Next 3Y15.1%
Revenue Next 5Y12.26%
EBIT growth 1Y17.99%
EBIT growth 3Y16.28%
EBIT growth 5Y8.87%
EBIT Next Year49.59%
EBIT Next 3Y25.42%
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%