Amphenol Corporation

DB:XPH Stock Report

Market Cap: €80.8b

Amphenol Valuation

Is XPH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of XPH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: XPH (€66.23) is trading above our estimate of fair value (€53.2)

Significantly Below Fair Value: XPH is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for XPH?

Key metric: As XPH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for XPH. This is calculated by dividing XPH's market cap by their current earnings.
What is XPH's PE Ratio?
PE Ratio38.4x
EarningsUS$2.19b
Market CapUS$85.02b

Price to Earnings Ratio vs Peers

How does XPH's PE Ratio compare to its peers?

The above table shows the PE ratio for XPH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average42.7x
DELTA Delta Electronics (Thailand)
95.5x14.0%฿2.1t
002475 Luxshare Precision Industry
22x19.6%CN¥278.1b
2308 Delta Electronics
27.1x15.4%NT$1.0t
6981 Murata Manufacturing
26.3x16.3%JP¥4.9t
XPH Amphenol
38.4x13.3%€85.0b

Price-To-Earnings vs Peers: XPH is good value based on its Price-To-Earnings Ratio (38.4x) compared to the peer average (42.7x).

Price to Earnings Ratio vs Industry

How does XPH's PE Ratio compare vs other companies in the European Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
XPH 38.4xIndustry Avg. 18.0xNo. of Companies17PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: XPH is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the European Electronic industry average (18x).

Price to Earnings Ratio vs Fair Ratio

What is XPH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

XPH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.4x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: XPH is expensive based on its Price-To-Earnings Ratio (38.4x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst XPH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€66.23
€72.11
+8.9%
9.8%€82.75€59.93n/a18
Nov ’25€62.76
€69.83
+11.3%
10.0%€80.43€58.24n/a18
Oct ’25€57.04
€65.10
+14.1%
10.1%€74.00€49.63n/a18
Sep ’25€60.35
€65.36
+8.3%
10.3%€73.78€49.48n/a18
Aug ’25€57.97
€67.27
+16.0%
10.4%€75.99€50.97n/a18
Jul ’25€63.21
€64.19
+1.6%
11.5%€75.65€46.70n/a16
Jun ’25€59.66
€60.89
+2.1%
13.7%€73.66€41.43n/a16
May ’25€57.68
€57.46
-0.4%
11.2%€64.36€41.97n/a16
Apr ’25€53.75
€51.37
-4.4%
9.9%€57.84€40.25n/a15
Mar ’25€50.98
€50.77
-0.4%
9.4%€55.83€40.14n/a15
Feb ’25€46.75
€49.91
+6.8%
10.7%€55.99€40.26n/a14
Jan ’25€45.08
€44.14
-2.1%
9.9%€49.99€34.40n/a13
Dec ’24€41.58
€42.82
+3.0%
7.9%€47.30€34.44n/a13
Nov ’24€37.98
€44.21
+16.4%
7.7%€48.78€35.52€62.7613
Oct ’24€39.66
€43.42
+9.5%
8.7%€47.35€34.48€57.0412
Sep ’24€40.66
€43.42
+6.8%
8.7%€47.35€34.48€60.3512
Aug ’24€40.17
€41.86
+4.2%
9.5%€46.89€34.14€57.9713
Jul ’24€38.82
€39.19
+1.0%
8.1%€43.61€32.13€63.2113
Jun ’24€34.85
€39.35
+12.9%
8.1%€44.10€32.49€59.6613
May ’24€34.07
€39.22
+15.1%
6.6%€43.09€34.02€57.6813
Apr ’24€37.17
€40.71
+9.5%
6.6%€45.16€34.92€53.7514
Mar ’24€36.52
€39.98
+9.5%
7.2%€44.62€34.50€50.9815
Feb ’24€36.82
€39.98
+8.6%
7.2%€44.62€34.50€46.7515
Jan ’24€35.50
€40.94
+15.3%
7.3%€46.04€35.60€45.0816
Dec ’23€38.47
€41.55
+8.0%
7.3%€46.97€36.32€41.5815
Nov ’23€37.90
€43.09
+13.7%
7.2%€49.10€37.97€37.9815

Analyst Forecast: Target price is less than 20% higher than the current share price.

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