DB:XPH

Stock Analysis Report

Executive Summary

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally.


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Amphenol's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: XPH's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.1%

XPH

0.6%

DE Electronic

-2.7%

DE Market


1 Year Return

-27.6%

XPH

-27.8%

DE Electronic

-20.4%

DE Market

Return vs Industry: XPH matched the German Electronic industry which returned -27.8% over the past year.

Return vs Market: XPH underperformed the German Market which returned -20.4% over the past year.


Shareholder returns

XPHIndustryMarket
7 Day-5.1%0.6%-2.7%
30 Day-23.2%-20.0%-18.4%
90 Day-33.2%-24.3%-26.7%
1 Year-26.8%-27.6%-26.3%-27.8%-18.1%-20.4%
3 Year1.0%-1.9%-2.2%-5.3%-19.1%-25.9%
5 Year26.1%20.1%54.8%43.7%-19.5%-30.4%

Price Volatility Vs. Market

How volatile is Amphenol's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Amphenol undervalued compared to its fair value and its price relative to the market?

5.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: XPH (€64.5) is trading below our estimate of fair value (€67.99)

Significantly Below Fair Value: XPH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: XPH is poor value based on its PE Ratio (18.8x) compared to the Electronic industry average (18x).

PE vs Market: XPH is poor value based on its PE Ratio (18.8x) compared to the German market (16.2x).


Price to Earnings Growth Ratio

PEG Ratio: XPH is poor value based on its PEG Ratio (7.4x)


Price to Book Ratio

PB vs Industry: XPH is overvalued based on its PB Ratio (4.8x) compared to the DE Electronic industry average (1.2x).


Next Steps

Future Growth

How is Amphenol forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XPH's forecast earnings growth (2.5% per year) is above the savings rate (-0.4%).

Earnings vs Market: XPH's earnings (2.5% per year) are forecast to grow slower than the German market (14.3% per year).

High Growth Earnings: XPH's earnings are forecast to grow, but not significantly.

Revenue vs Market: XPH's revenue (2.3% per year) is forecast to grow slower than the German market (4% per year).

High Growth Revenue: XPH's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XPH's Return on Equity is forecast to be high in 3 years time (23.2%)


Next Steps

Past Performance

How has Amphenol performed over the past 5 years?

10.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XPH has high quality earnings.

Growing Profit Margin: XPH's current net profit margins (14%) are lower than last year (14.7%).


Past Earnings Growth Analysis

Earnings Trend: XPH's earnings have grown by 10.4% per year over the past 5 years.

Accelerating Growth: XPH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: XPH had negative earnings growth (-4.1%) over the past year, making it difficult to compare to the Electronic industry average (-7.4%).


Return on Equity

High ROE: XPH's Return on Equity (25.3%) is considered high.


Next Steps

Financial Health

How is Amphenol's financial position?


Financial Position Analysis

Short Term Liabilities: XPH's short term assets ($4.2B) exceed its short term liabilities ($2.1B).

Long Term Liabilities: XPH's short term assets ($4.2B) exceed its long term liabilities ($4.1B).


Debt to Equity History and Analysis

Debt Level: XPH's debt to equity ratio (78.5%) is considered high.

Reducing Debt: XPH's debt to equity ratio has reduced from 90.4% to 78.5% over the past 5 years.

Debt Coverage: XPH's debt is well covered by operating cash flow (41.7%).

Interest Coverage: XPH's interest payments on its debt are well covered by EBIT (13.9x coverage).


Balance Sheet

Inventory Level: XPH has a high level of physical assets or inventory.

Debt Coverage by Assets: XPH's debt is covered by short term assets (assets are 1.2x debt).


Next Steps

Dividend

What is Amphenol's current dividend yield, its reliability and sustainability?

1.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: XPH's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.65%).

High Dividend: XPH's dividend (1.37%) is low compared to the top 25% of dividend payers in the German market (4.86%).


Stability and Growth of Payments

Stable Dividend: XPH's dividends per share have been stable in the past 10 years.

Growing Dividend: XPH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.7%), XPH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: XPH's dividends in 3 years are forecast to be well covered by earnings (22.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure


CEO

Richard Norwitt (49yo)

11.25s

Tenure

US$10,110,360

Compensation

Mr. Richard Adam Norwitt has been the Chief Executive Officer and President of Amphenol Corporation since January 1, 2009 and January 1, 2007 respectively. Mr. Norwitt serves as Managing Director of Konfek ...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD10.11M) is above average for companies of similar size in the German market ($USD5.21M).

Compensation vs Earnings: Richard's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Richard Norwitt
President11.25yrsUS$10.11m0.16% $31.7m
Craig Lampo
Senior VP & CFO4.75yrsUS$3.33m0.015% $3.0m
Luc Walter
Senior VP and Group GM of Military & Aerospace Operations16.25yrsUS$3.05m0.043% $8.5m
William Doherty
Senior VP and GM of Information Communications & Commercial Products Group2.25yrsUS$2.70mno data
Jean-Luc Gavelle
VP & Group General Manager of Interconnect and Sensor Systems Group6.25yrsUS$2.39m0.0021% $419.2k
Lance D'Amico
Senior VP4.25yrsUS$2.13m0.0012% $232.5k
David Silverman
Vice President of Human Resources6.25yrsno datano data
Zachary Raley
Senior VP and Group GM of Worldwide RF13.25yrsUS$2.29mno data
John Treanor
Senior VP & Group GM of Amphenol Sensor Technology Group7.25yrsno datano data
Patrick Gillard
VP & Treasurer6.25yrsno datano data

6.3yrs

Average Tenure

55yo

Average Age

Experienced Management: XPH's management team is seasoned and experienced (6.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Richard Norwitt
President11.25yrsUS$10.11m0.16% $31.7m
Martin Loeffler
Independent Chairman22.92yrsUS$320.06k0.16% $31.6m
Edward Jepsen
Independent Director15.25yrsUS$232.06k0.076% $15.1m
John Craig
Independent Director2.75yrsUS$220.06k0.0017% $339.7k
David Falck
Presiding Directorno dataUS$228.06k0.0057% $1.1m
Robert Livingston
Independent Director1.33yrsUS$46.68k0.0031% $621.9k
Stanley Clark
Independent Director15.25yrsUS$228.06k0.012% $2.4m
Anne Wolff
Independent Director2.08yrsUS$211.71k0.0012% $234.4k

11.3yrs

Average Tenure

67yo

Average Age

Experienced Board: XPH's board of directors are seasoned and experienced ( 11.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Amphenol Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Amphenol Corporation
  • Ticker: XPH
  • Exchange: DB
  • Founded: 1932
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$21.726b
  • Listing Market Cap: US$19.868b
  • Shares outstanding: 298.10m
  • Website: https://www.amphenol.com

Number of Employees


Location

  • Amphenol Corporation
  • 358 Hall Avenue
  • PO Box 5030
  • Wallingford
  • Connecticut
  • 6492
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APHNYSE (New York Stock Exchange)YesClass A Common StockUSUSDNov 1991
XPHDB (Deutsche Boerse AG)YesClass A Common StockDEEURNov 1991
APH *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNNov 1991
0HFBLSE (London Stock Exchange)YesClass A Common StockGBUSDNov 1991
XPHBRSE (Berne Stock Exchange)YesClass A Common StockCHCHFNov 1991
XPHETLX (Eurotlx)YesClass A Common StockITEURNov 1991
A1PH34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 2 REPR 1 SHS UNSPONBRBRLJan 2020

Biography

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; and other products comprising antennas, flexible and rigid printed circuit boards, hinges, molded parts, production-related products, sensors and sensor-based products, and switches. The Cable Products and Solutions segment offers coaxial, power, and specialty cables; cable assemblies; and components, which include combiner/splitter products, connector and connector systems, and fiber optic components. The company sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 20:50
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.