Market Cap
US$30.6b
Last Updated
2021/09/16 22:48 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
Adequate balance sheet and slightly overvalued.
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 +/- 2% a week.
Volatility Over Time: AME's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0.5%
AME
-1.1%
US Electrical
-0.6%
US Market
1 Year Return
29.4%
AME
47.9%
US Electrical
33.6%
US Market
Return vs Industry: AME underperformed the US Electrical industry which returned 48.2% over the past year.
Return vs Market: AME underperformed the US Market which returned 33.7% over the past year.
Shareholder returns
| AME | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | -1.1% | -0.6% |
| 30 Day | -2.9% | -1.7% | 1.3% |
| 90 Day | 1.3% | 3.4% | 5.3% |
| 1 Year | 30.2%29.4% | 49.8%47.9% | 35.6%33.6% |
| 3 Year | 66.1%62.7% | 75.8%66.2% | 60.9%51.0% |
| 5 Year | 184.6%175.2% | 114.8%98.8% | 123.4%99.1% |
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 Now An Opportune Moment To Examine AMETEK, Inc. (NYSE:AME)?2 weeks ago | Simply Wall St
AMETEK, Inc. (NYSE:AME) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?4 weeks ago | Simply Wall St
AMETEK, Inc. (NYSE:AME) Shares Could Be 25% Below Their Intrinsic Value EstimateValuation
Is AMETEK undervalued compared to its fair value and its price relative to the market?
24.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AME ($132.38) is trading below our estimate of fair value ($174.71)
Significantly Below Fair Value: AME is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AME is poor value based on its PE Ratio (34.9x) compared to the US Electrical industry average (23.7x).
PE vs Market: AME is poor value based on its PE Ratio (34.9x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: AME is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: AME is overvalued based on its PB Ratio (4.8x) compared to the US Electrical industry average (3x).
Future Growth
How is AMETEK forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
13.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AME's forecast earnings growth (13.8% per year) is above the savings rate (2%).
Earnings vs Market: AME's earnings (13.8% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: AME's earnings are forecast to grow, but not significantly.
Revenue vs Market: AME's revenue (9.4% per year) is forecast to grow slower than the US market (9.7% per year).
High Growth Revenue: AME's revenue (9.4% 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 (17.3%).
Past Performance
How has AMETEK performed over the past 5 years?
11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AME has high quality earnings.
Growing Profit Margin: AME's current net profit margins (17.8%) are lower than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: AME's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: AME's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AME had negative earnings growth (-1.3%) over the past year, making it difficult to compare to the Electrical industry average (22.9%).
Return on Equity
High ROE: AME's Return on Equity (13.8%) is considered low.
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 ($1.9B).
Long Term Liabilities: AME's short term assets ($2.0B) do not cover its long term liabilities ($3.6B).
Debt to Equity History and Analysis
Debt Level: AME's debt to equity ratio (46.7%) is considered high.
Reducing Debt: AME's debt to equity ratio has reduced from 63.8% to 46.7% over the past 5 years.
Debt Coverage: AME's debt is well covered by operating cash flow (42.8%).
Interest Coverage: AME's interest payments on its debt are well covered by EBIT (15x coverage).
Balance Sheet
Dividend
What is AMETEK current dividend yield, its reliability and sustainability?
0.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AME's dividend (0.6%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: AME's dividend (0.6%) is low compared to the top 25% of dividend payers in the US market (3.58%).
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?
9.1yrs
Average management tenure
CEO
Dave Zapico (56 yo)
5.33yrs
Tenure
US$8,518,221
Compensation
Mr. David A. Zapico, also known as Dave, is Chief Executive Officer and President of AMETEK Specialty Metal Products Inc. He has been Chief Executive Officer at AMETEK, Inc. since May 5, 2016. He has been...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD8.52M) is about average for companies of similar size in the US market ($USD11.33M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AME's management team is seasoned and experienced (9.1 years average tenure).
Board Members
Experienced Board: AME's board of directors are considered experienced (4.3 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$30.607b
- Shares outstanding: 231.21m
- Website: https://www.ametek.com
Number of Employees
Location
- AMETEK, Inc.
- 1100 Cassatt Road
- Berwyn
- Pennsylvania
- 19312-1177
- United States
Listings
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 | 2021/09/16 22:48 |
| End of Day Share Price | 2021/09/16 00:00 |
| Earnings | 2021/06/30 |
| 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.