Market Cap
US$20.2b
Last Updated
2019/10/19 23:31 UTC
Data Sources
Company Financials +
Executive Summary
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide.
Snowflake
Fundamentals
Mediocre balance sheet with questionable track record.
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
Market Performance
7 Day Return
-0.2%
AME
2.0%
US Electrical
0.4%
US Market
1 Year Return
25.1%
AME
3.7%
US Electrical
6.9%
US Market
Return vs Industry: AME exceeded the US Electrical industry which returned 3.7% over the past year.
Return vs Market: AME exceeded the US Market which returned 6.9% over the past year.
Shareholder returns
| AME | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 2.0% | 0.4% |
| 30 Day | -2.1% | 0.6% | -1.1% |
| 90 Day | -0.4% | 2.6% | -0.5% |
| 1 Year | 26.0%25.1% | 6.0%3.7% | 9.3%6.9% |
| 3 Year | 99.2%95.2% | 41.7%33.3% | 45.8%36.4% |
| 5 Year | 78.1%72.1% | 36.9%23.2% | 62.9%45.1% |
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 week ago | Simply Wall St
The AMETEK (NYSE:AME) Share Price Has Gained 92% And Shareholders Are Hoping For More2 weeks ago | Simply Wall St
Here's What We Think About AMETEK, Inc.'s (NYSE:AME) CEO Pay3 weeks ago | Simply Wall St
Where AMETEK, Inc. (NYSE:AME) Stands In Terms Of Earnings Growth Against Its IndustryValuation
Is AMETEK undervalued compared to its fair value and its price relative to the market?
24.59x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: AME ($88.35) is trading above our estimate of fair value ($77.68)
Significantly Undervalued: AME is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AME is poor value based on its PE Ratio (24.6x) compared to the Electrical industry average (14.9x).
PE vs Market: AME is poor value based on its PE Ratio (24.6x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: AME is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: AME is overvalued based on its PB Ratio (4.3x) compared to the US Electrical industry average (1.6x).
Next Steps
Future Growth
How is AMETEK forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
6.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AME's forecast earnings growth (6.8% per year) is above the savings rate (2.7%).
Earnings vs Market: AME's earnings (6.8% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: AME's earnings are forecast to grow, but not significantly.
Revenue vs Market: AME's revenue (3.9% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: AME's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: AME's Return on Equity is forecast to be low in 3 years time (17.8%).
Next Steps
Past Performance
How has AMETEK performed over the past 5 years?
8.0%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: AME's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: AME's earnings growth over the past year (7.2%) is below its 5-year average (8% per year).
Earnings vs Industry: AME earnings growth over the past year (7.2%) underperformed the Electrical industry 16.3%.
Return on Equity
High ROE: AME's Return on Equity (17.6%) is considered low.
Return on Assets
ROA vs Industry: AME has a higher Return on Assets than the Electrical industry average last year.
Return on Capital Employed
ROCE Improving: AME's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is AMETEK's financial position?
Financial Position Analysis
Short Term Liabilities: AME's short term assets ($2.1B) exceeds its short term liabilities ($978.6M)
Long Term Liabilities: AME's short term assets (2.1B) do not cover its long term liabilities (3.4B)
Debt to Equity History and Analysis
Debt Level: AME's debt to equity ratio (52.9%) is considered high
Reducing Debt: AME's debt to equity ratio has increased from 46.8% to 52.9% over the past 5 years.
Debt Coverage: AME's debt is well covered by operating cash flow (40%).
Interest Coverage: AME's interest payments on its debt are well covered by EBIT (14x 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 0.9x debt).
Next Steps
Dividend
What is AMETEK's current dividend yield, its reliability and sustainability?
0.63%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: AME's dividend (0.63%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: AME's dividend (0.63%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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
What is the CEO of AMETEK's salary, the management and board of directors tenure and is there insider trading?
8.2yrs
Average management tenure
CEO
Dave Zapico (54yo)
3.4yrs
Tenure
US$8,762,155
Compensation
Mr. David A. Zapico, also known as Dave, is Chief Executive Officer and President of AMETEK Specialty Metal Products Inc. He has been Chief Executive Officer at AMETEK, Inc. since May 5, 2016. He has been ...
CEO Compensation Analysis
Compensation vs. Market: Dave's total compensation ($USD8.76M) is about average for companies of similar size in the US market ($USD11.18M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Management Age and Tenure
8.2yrs
Average Tenure
56yo
Average Age
Experienced Management: AME's management team is seasoned and experienced (8.2 years average tenure).
Board Age and Tenure
5.1yrs
Average Tenure
60yo
Average Age
Experienced Board: AME's board of directors are considered experienced (5.1 years average tenure).
Insider Trading
Insider Buying: AME insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$86.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$84.90 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,000 |
| Max Price | US$85.80 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,790 |
| Max Price | US$83.57 |
| Entity | Individual |
| Role | Senior Key Executive President of Electronic Instruments |
| Shares | 3,500 |
| Max Price | US$83.00 |
| Entity | Individual |
| Role | Senior Key Executive President of Electromechanical Group |
| Shares | 5,000 |
| Max Price | US$82.20 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,000 |
| Max Price | US$80.44 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$79.75 |
| Entity | Individual |
| Role | Senior Key Executive President of Electronic Instruments |
| Shares | 3,000 |
| Max Price | US$79.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$73.14 |
Ownership Breakdown
Management Team
Kevin Coleman
Vice President of Investor Relations
- Tenure: 7.8yrs
Robert Feit (56yo)
Senior VP
- Tenure: 12.5yrs
Dave Zapico (54yo)
Chairman & CEO
- Tenure: 3.4yrs
- Compensation: US$8.76m
Wes Hardin (54yo)
President of Electronic Instruments
- Tenure: 11.3yrs
- Compensation: US$1.96m
Thomas Deeney
Vice President of Corporate Compliance & Auditing
- Tenure: 15.1yrs
Tom Marecic (57yo)
President of Electronic Instruments
- Tenure: 6.6yrs
- Compensation: US$1.78m
Timothy Jones (62yo)
President of Electromechanical Group
- Tenure: 13.7yrs
- Compensation: US$1.87m
Bill Burke (57yo)
Executive VP & CFO
- Tenure: 3.4yrs
- Compensation: US$3.00m
Ron Oscher (51yo)
Chief Administrative Officer
- Tenure: 3.4yrs
Ken Weirman
Chief Information Officer & VP
- Tenure: 8.7yrs
Board Members
Dennis Williams (73yo)
Independent Director
- Tenure: 13.4yrs
- Compensation: US$247.75k
Elizabeth Varet (75yo)
Independent Director
- Tenure: 32.8yrs
- Compensation: US$232.75k
Tom Amato (56yo)
Independent Director
- Tenure: 2.6yrs
- Compensation: US$241.44k
Dave Zapico (54yo)
Chairman & CEO
- Tenure: 3.4yrs
- Compensation: US$8.76m
Steve Kohlhagen (71yo)
Independent Director
- Tenure: 13.4yrs
- Compensation: US$232.75k
Ruby Chandy (57yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$232.75k
Tod Carpenter (60yo)
Director
- Tenure: 0.3yrs
Gretchen McClain (57yo)
Independent Director
- Tenure: 5.1yrs
- Compensation: US$232.75k
Tony Conti (70yo)
Lead Independent Director
- Tenure: 2.3yrs
- Compensation: US$282.75k
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$20.174b
- Shares outstanding: 228.35m
- Website: https://www.ametek.com
Number of Employees
Location
- AMETEK, Inc.
- 1100 Cassatt Road
- Berwyn
- Pennsylvania
- 19312
- 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 |
Biography
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. The company’s Electronic Instruments segment offers advanced instruments for the process, aerospace, powe ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 23:31 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.