Market Cap
US$27.2b
Last Updated
2021/02/26 23:57 UTC
Data Sources
Company Financials +
Executive Summary
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with adequate balance sheet.
Similar Companies
Share Price & News
How has AMETEK's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AME is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: AME's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-2.4%
AME
-3.8%
US Electrical
-4.6%
US Market
1 Year Return
37.2%
AME
66.6%
US Electrical
38.5%
US Market
Return vs Industry: AME underperformed the US Electrical industry which returned 63.6% over the past year.
Return vs Market: AME underperformed the US Market which returned 38.9% over the past year.
Shareholder returns
| AME | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | -3.8% | -4.6% |
| 30 Day | 6.2% | 3.0% | 0.6% |
| 90 Day | -1.5% | 12.7% | 1.9% |
| 1 Year | 38.2%37.2% | 69.9%66.6% | 41.5%38.5% |
| 3 Year | 61.7%58.3% | 76.9%66.9% | 56.7%46.7% |
| 5 Year | 153.8%145.1% | 109.0%92.7% | 123.5%98.6% |
Long-Term Price Volatility Vs. Market
How volatile is AMETEK's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Is AMETEK, Inc.'s (NYSE:AME) Recent Performance Tethered To Its Attractive Financial Prospects?2 weeks ago | Simply Wall St
Estimating The Intrinsic Value Of AMETEK, Inc. (NYSE:AME)4 weeks ago | Simply Wall St
Are AMETEK's (NYSE:AME) Statutory Earnings A Good Guide To Its Underlying Profitability?Valuation
Is AMETEK undervalued compared to its fair value and its price relative to the market?
13.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AME ($117.97) is trading below our estimate of fair value ($137.07)
Significantly Below Fair Value: AME is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: AME is good value based on its PE Ratio (31x) compared to the US Electrical industry average (31.9x).
PE vs Market: AME is poor value based on its PE Ratio (31x) compared to the US market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: AME is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: AME is good value based on its PB Ratio (4.6x) compared to the US Electrical industry average (5.4x).
Next Steps
Future Growth
How is AMETEK forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
10.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AME's forecast earnings growth (10.9% per year) is above the savings rate (2%).
Earnings vs Market: AME's earnings (10.9% per year) are forecast to grow slower than the US market (20.2% per year).
High Growth Earnings: AME's earnings are forecast to grow, but not significantly.
Revenue vs Market: AME's revenue (8% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: AME's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AME's Return on Equity is forecast to be low in 3 years time (16.4%).
Next Steps
Past Performance
How has AMETEK performed over the past 5 years?
12.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AME has high quality earnings.
Growing Profit Margin: AME's current net profit margins (19.2%) are higher than last year (16.7%).
Past Earnings Growth Analysis
Earnings Trend: AME's earnings have grown by 12.1% per year over the past 5 years.
Accelerating Growth: AME's earnings growth over the past year (1.2%) is below its 5-year average (12.1% per year).
Earnings vs Industry: AME earnings growth over the past year (1.2%) exceeded the Electrical industry -12.4%.
Return on Equity
High ROE: AME's Return on Equity (14.7%) is considered low.
Next Steps
Financial Health
How is AMETEK's financial position?
Financial Position Analysis
Short Term Liabilities: AME's short term assets ($2.5B) exceed its short term liabilities ($1.1B).
Long Term Liabilities: AME's short term assets ($2.5B) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: AME's debt to equity ratio (40.6%) is considered high.
Reducing Debt: AME's debt to equity ratio has reduced from 59.7% to 40.6% over the past 5 years.
Debt Coverage: AME's debt is well covered by operating cash flow (53.1%).
Interest Coverage: AME's interest payments on its debt are well covered by EBIT (12.6x coverage).
Balance Sheet
Next Steps
Dividend
What is AMETEK current dividend yield, its reliability and sustainability?
0.68%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AME's dividend (0.68%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: AME's dividend (0.68%) is low compared to the top 25% of dividend payers in the US market (3.72%).
Stability and Growth of Payments
Stable Dividend: AME is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: AME is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: AME is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AME's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.5yrs
Average management tenure
CEO
Dave Zapico (55 yo)
4.75yrs
Tenure
US$10,176,064
Compensation
Mr. David A. Zapico, also known as Dave, is Chief Executive Officer and President of AMETEK Specialty Metal Products Inc. He has been Chief Executive Officer at AMETEK, Inc. since May 5, 2016. He has been ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD10.18M) is about average for companies of similar size in the US market ($USD10.48M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 4.75yrs | US$10.18m | 0.088% $ 23.9m | |
| Executive VP & CFO | 4.75yrs | US$3.58m | 0.033% $ 8.9m | |
| President of Electronic Instruments | 12.58yrs | US$2.10m | 0.025% $ 6.9m | |
| President of Electronic Instruments | 7.92yrs | US$1.85m | 0.012% $ 3.4m | |
| President of Electromechanical Group | 15yrs | US$2.25m | 0.015% $ 4.2m | |
| Senior VP | 4.75yrs | no data | 0.011% $ 2.9m | |
| Chief Information Officer & VP | 10yrs | no data | no data | |
| Chief Administrative Officer | 4.75yrs | no data | 0.013% $ 3.5m | |
| Vice President of Investor Relations | 9.08yrs | no data | no data | |
| Vice President of Corporate Compliance & Auditing | 16.42yrs | no data | no data | |
| Senior VP | 13.83yrs | no data | no data | |
| Senior Vice President of Corporate Development | 16.42yrs | no data | 0.022% $ 6.0m |
9.5yrs
Average Tenure
57yo
Average Age
Experienced Management: AME's management team is seasoned and experienced (9.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 4.75yrs | US$10.18m | 0.088% $ 23.9m | |
| Independent Director | 14.75yrs | US$276.97k | 0.013% $ 3.6m | |
| Independent Director | 34.08yrs | US$261.97k | 0.096% $ 26.1m | |
| Independent Director | 3.92yrs | US$277.51k | 0.0038% $ 1.0m | |
| Director | no data | no data | no data | |
| Independent Director | 14.75yrs | US$261.97k | 0.024% $ 6.5m | |
| Independent Director | 7.75yrs | US$261.97k | 0.0073% $ 2.0m | |
| Independent Director | 1.67yrs | US$217.55k | 0.0016% $ 435.2k | |
| Independent Director | 6.42yrs | US$261.97k | 0.0052% $ 1.4m | |
| Lead Independent Director | 3.58yrs | US$311.97k | 0.010% $ 2.8m |
6.4yrs
Average Tenure
59.5yo
Average Age
Experienced Board: AME's board of directors are considered experienced (6.4 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
AMETEK, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: AMETEK, Inc.
- Ticker: AME
- Exchange: NYSE
- Founded: 1930
- Industry: Electrical Components and Equipment
- Sector: Capital Goods
- Market Cap: US$27.200b
- Shares outstanding: 230.56m
- Website: https://www.ametek.com
Number of Employees
Location
- AMETEK, Inc.
- 1100 Cassatt Road
- Berwyn
- Pennsylvania
- 19312-1177
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AME | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| AK1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| 0HF7 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| AME * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1968 |
| A1ME34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. It operates in two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The company’s EIG ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 23:57 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.