Is Amphenol (NYSE:APH) Using Too Much Debt?
Mar 29
U.S. Electronic Equipment and Components Industry Analysis
UpdatedMar 29, 2023
DataAggregated Company Financials
Companies217
- 7D0.6%
- 3M4.9%
- 1Y-8.7%
- YTD4.8%
The Electronic Equipment and Components is pretty flat in the last 7 days, but Corning has stood out, gaining 5.2%. Unfortunately though, the industry is down 8.7% over the past 12 months. Earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the U.S. Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 Mar 2023 | US$358.3b | US$360.1b | US$15.9b | 16.9x | 22.6x | 1x |
| Sat, 25 Feb 2023 | US$366.1b | US$359.2b | US$15.9b | 16.9x | 23.1x | 1x |
| Mon, 23 Jan 2023 | US$371.5b | US$354.7b | US$16.6b | 16.6x | 22.4x | 1x |
| Wed, 21 Dec 2022 | US$338.4b | US$354.0b | US$16.5b | 15.6x | 20.5x | 1x |
| Fri, 18 Nov 2022 | US$353.6b | US$352.8b | US$16.6b | 16.3x | 21.3x | 1x |
| Sun, 16 Oct 2022 | US$317.8b | US$346.3b | US$16.9b | 14.1x | 18.8x | 0.9x |
| Tue, 13 Sep 2022 | US$366.9b | US$334.5b | US$16.7b | 15.9x | 22x | 1.1x |
| Thu, 11 Aug 2022 | US$379.0b | US$332.7b | US$16.5b | 15.5x | 23x | 1.1x |
| Sat, 09 Jul 2022 | US$336.9b | US$326.6b | US$15.8b | 16.8x | 21.3x | 1x |
| Mon, 06 Jun 2022 | US$368.1b | US$316.2b | US$15.7b | 17.1x | 23.4x | 1.2x |
| Wed, 04 May 2022 | US$348.4b | US$291.2b | US$14.3b | 15.9x | 24.4x | 1.2x |
| Fri, 01 Apr 2022 | US$375.4b | US$287.0b | US$13.9b | 17.3x | 27x | 1.3x |
| Sun, 27 Feb 2022 | US$375.2b | US$274.9b | US$14.3b | 16.3x | 26.2x | 1.4x |
| Tue, 25 Jan 2022 | US$402.8b | US$289.7b | US$14.6b | 16.8x | 27.6x | 1.4x |
| Thu, 23 Dec 2021 | US$444.1b | US$284.9b | US$14.8b | 18.4x | 30.1x | 1.6x |
| Sat, 20 Nov 2021 | US$456.1b | US$284.2b | US$14.7b | 18.9x | 31.1x | 1.6x |
| Mon, 18 Oct 2021 | US$421.7b | US$277.1b | US$13.2b | 20.9x | 31.9x | 1.5x |
| Wed, 15 Sep 2021 | US$432.6b | US$278.0b | US$12.9b | 19.3x | 33.6x | 1.6x |
| Fri, 13 Aug 2021 | US$426.0b | US$277.4b | US$13.1b | 20.6x | 32.5x | 1.5x |
| Tue, 08 Jun 2021 | US$407.0b | US$265.3b | US$11.3b | 24.7x | 36.1x | 1.5x |
| Mon, 01 Mar 2021 | US$378.7b | US$254.9b | US$7.8b | 27.5x | 48.6x | 1.5x |
| Thu, 03 Dec 2020 | US$333.3b | US$249.8b | US$6.5b | 21.1x | 51.5x | 1.3x |
| Sun, 06 Sep 2020 | US$271.8b | US$242.6b | US$5.7b | 23.4x | 47.7x | 1.1x |
| Wed, 10 Jun 2020 | US$245.9b | US$246.5b | US$6.6b | 20.1x | 37.5x | 1x |
Price to Earnings Ratio
27x
Current Industry PE
- Investors are pessimistic on the American Electronic industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 22.6x which is lower than its 3-year average PE of 32.6x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.00x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 13% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | 0.95% | |
| Tech | 0.53% | |
| Electronic Equipment and Components | 0.64% | |
| Electronic Components | 1.34% | |
| Electronic Equipment and Instruments | 0.75% | |
| Electronic Manufacturing Services | 0.46% | |
| Technology Distributors | -0.60% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry, which is trading close to its 3-year average PE ratio of 56.6x.
- Analysts expect its future annual earnings growth (14.8%) to be largely in line with prior year's earnings growth.
- Investors are most pessimistic about the Technology Distributors industry, which is trading below its 3-year average of 17.8x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 15% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Technology Distributors industry is expected to see its earnings growth to stay flat over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GLW Corning | US$33.55 | 2.4% +US$660.8m | -10.7% | PE21.6x | |
| TDY Teledyne Technologies | US$428.89 | 1.9% +US$368.5m | -9.3% | PE25.6x | |
| TRMB Trimble | US$49.90 | 2.8% +US$338.3m | -31.6% | PE27.4x | |
| APH Amphenol | US$78.09 | 0.6% +US$273.5m | 1.8% | PE24.4x | |
| TEL TE Connectivity | US$124.44 | 0.5% +US$199.1m | -6.8% | PE17.4x |
