Market Cap
US$16.3b
Last Updated
2020/04/04 03:26 UTC
Data Sources
Company Financials +
Executive Summary
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with mediocre 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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
0.4%
AME
-1.5%
US Electrical
-2.0%
US Market
1 Year Return
-15.4%
AME
-24.8%
US Electrical
-15.1%
US Market
Return vs Industry: AME exceeded the US Electrical industry which returned -24.8% over the past year.
Return vs Market: AME matched the US Market which returned -15.1% over the past year.
Shareholder returns
| AME | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.4% | -1.5% | -2.0% |
| 30 Day | -20.0% | -26.6% | -19.7% |
| 90 Day | -29.4% | -31.5% | -23.2% |
| 1 Year | -14.8%-15.4% | -23.3%-24.8% | -13.4%-15.1% |
| 3 Year | 34.3%31.7% | -6.7%-12.2% | 10.9%3.7% |
| 5 Year | 37.8%33.2% | 4.5%-5.7% | 28.4%14.4% |
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
1 day ago | Simply Wall St
Investors Who Bought AMETEK (NYSE:AME) Shares Five Years Ago Are Now Up 33%1 week ago | Simply Wall St
At US$63.37, Is It Time To Put AMETEK, Inc. (NYSE:AME) On Your Watch List?3 weeks ago | Simply Wall St
How Does AMETEK's (NYSE:AME) P/E Compare To Its Industry, After The Share Price Drop?Valuation
Is AMETEK undervalued compared to its fair value and its price relative to the market?
6.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AME ($71.29) is trading below our estimate of fair value ($76.29)
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 poor value based on its PE Ratio (18.9x) compared to the Electrical industry average (13.7x).
PE vs Market: AME is poor value based on its PE Ratio (18.9x) compared to the US market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: AME is poor value based on its PEG Ratio (8x)
Price to Book Ratio
PB vs Industry: AME is overvalued based on its PB Ratio (3.2x) compared to the US Electrical industry average (1.2x).
Next Steps
Future Growth
How is AMETEK forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
2.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AME's forecast earnings growth (2.4% per year) is above the savings rate (1.7%).
Earnings vs Market: AME's earnings (2.4% per year) are forecast to grow slower than the US market (13.4% per year).
High Growth Earnings: AME's earnings are forecast to grow, but not significantly.
Revenue vs Market: AME's revenue (0.7% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: AME's revenue (0.7% 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 (14.7%).
Next Steps
Past Performance
How has AMETEK performed over the past 5 years?
9.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AME has high quality earnings.
Growing Profit Margin: AME's current net profit margins (16.7%) are higher than last year (16.1%).
Past Earnings Growth Analysis
Earnings Trend: AME's earnings have grown by 9.7% per year over the past 5 years.
Accelerating Growth: AME's earnings growth over the past year (10.7%) exceeds its 5-year average (9.7% per year).
Earnings vs Industry: AME earnings growth over the past year (10.7%) exceeded the Electrical industry -1.4%.
Return on Equity
High ROE: AME's Return on Equity (16.8%) is considered low.
Next Steps
Financial Health
How is AMETEK's financial position?
Financial Position Analysis
Short Term Liabilities: AME's short term assets ($2.0B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: AME's short term assets ($2.0B) do not cover its long term liabilities ($3.3B).
Debt to Equity History and Analysis
Debt Level: AME's debt to equity ratio (54.1%) is considered high.
Reducing Debt: AME's debt to equity ratio has increased from 52.9% to 54.1% over the past 5 years.
Debt Coverage: AME's debt is well covered by operating cash flow (40.3%).
Interest Coverage: AME's interest payments on its debt are well covered by EBIT (13.6x coverage).
Balance Sheet
Inventory Level: AME has a low level of unsold assets or inventory.
Debt Coverage by Assets: AME's debt is not covered by short term assets (assets are 0.7x debt).
Next Steps
Dividend
What is AMETEK's current dividend yield, its reliability and sustainability?
1.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AME's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: AME's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (5.71%).
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?
7.7yrs
Average management tenure
CEO
Dave Zapico (54yo)
3.92s
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 ($USD11.95M).
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 | 3.92yrs | US$10.18m | 0.091% $14.8m | |
| Executive VP & CFO | 3.92yrs | US$3.58m | 0.033% $5.3m | |
| President of Electronic Instruments | 11.75yrs | US$2.10m | 0.025% $4.2m | |
| President of Electronic Instruments | 7.08yrs | US$1.85m | 0.012% $2.0m | |
| President of Electromechanical Group | 14.17yrs | US$2.25m | 0.018% $2.9m | |
| Senior VP | 3.92yrs | no data | 0.011% $1.8m | |
| Chief Information Officer & VP | 9.17yrs | no data | no data | |
| Chief Administrative Officer | 3.92yrs | no data | 0.013% $2.2m | |
| Vice President of Investor Relations | 8.25yrs | no data | no data | |
| Vice President of Corporate Compliance & Auditing | 15.58yrs | no data | no data |
7.7yrs
Average Tenure
56yo
Average Age
Experienced Management: AME's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 3.92yrs | US$10.18m | 0.091% $14.8m | |
| Independent Director | 13.92yrs | US$276.97k | 0.013% $2.2m | |
| Independent Director | 33.25yrs | US$261.97k | 0.11% $18.1m | |
| Independent Director | 3.08yrs | US$277.51k | 0.0042% $692.8k | |
| Independent Director | 13.92yrs | US$261.97k | 0.024% $3.9m | |
| Independent Director | 6.92yrs | US$261.97k | 0.0068% $1.1m | |
| Independent Director | 0.83yr | US$217.55k | 0.0016% $263.1k | |
| Independent Director | 5.58yrs | US$261.97k | 0.0053% $857.8k | |
| Lead Independent Director | 2.75yrs | US$311.97k | 0.0084% $1.4m |
5.6yrs
Average Tenure
60yo
Average Age
Experienced Board: AME's board of directors are considered experienced (5.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AME insiders have only sold shares 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$16.339b
- Shares outstanding: 229.19m
- 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 |
| AK1 | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | 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 through two segments, Electronic Instruments (EIG) and Electromechanical (EMG). The company’s EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. This segment also provides power quality monitoring and metering, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment, sensors for gas turbines, dashboard instruments for heavy trucks and other vehicles, and instrumentation and controls for the food and beverage industries; and aircraft and engine sensors, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition units for the aerospace industry. Its EMG segment offers engineered electrical connectors and electronics packaging for protecting sensitive electronic devices; precision motion control products for data storage, medical devices, business equipment, automation and other applications; high-purity powdered metals, strip and foil, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers. This segment also operates a network of aviation maintenance, repair, and overhaul facilities. In addition, the company offers clinical and education communication solutions for hospitals, health systems, and educational facilities. AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 03:26 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.