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AMETEK

NYSE:AME
Snowflake Description

Mediocre balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AME
NYSE
$21B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. The last earnings update was 75 days ago. More info.


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AME Share Price and Events
7 Day Returns
1%
NYSE:AME
0.4%
US Electrical
1.1%
US Market
1 Year Returns
24.8%
NYSE:AME
1.6%
US Electrical
4.7%
US Market
AME Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AMETEK (AME) 1% 7.4% 6.5% 24.8% 90.2% 75%
US Electrical 0.4% 3.7% -4.8% 1.6% 25.3% 8.2%
US Market 1.1% 4.3% 2.9% 4.7% 37.7% 43.6%
1 Year Return vs Industry and Market
  • AME outperformed the Electrical industry which returned 1.6% over the past year.
  • AME outperformed the Market in United States of America which returned 4.7% over the past year.
Price Volatility
AME
Industry
5yr Volatility vs Market

Value

 Is AMETEK undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AMETEK to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AMETEK.

NYSE:AME Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:AME
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.187 (1 + (1- 21%) (12.79%))
1.206
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.206 * 5.96%)
9.92%

Discounted Cash Flow Calculation for NYSE:AME using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AMETEK is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:AME DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.92%)
2020 953.98 Analyst x5 867.92
2021 1,146.35 Analyst x2 948.86
2022 1,233.25 Est @ 7.58% 928.70
2023 1,308.79 Est @ 6.13% 896.68
2024 1,375.63 Est @ 5.11% 857.45
2025 1,436.07 Est @ 4.39% 814.38
2026 1,492.00 Est @ 3.89% 769.77
2027 1,544.89 Est @ 3.55% 725.16
2028 1,595.89 Est @ 3.3% 681.52
2029 1,645.83 Est @ 3.13% 639.44
Present value of next 10 years cash flows $8,129.87
NYSE:AME DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,645.83 × (1 + 2.73%) ÷ (9.92% – 2.73%)
$23,530.64
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $23,530.64 ÷ (1 + 9.92%)10
$9,142.18
NYSE:AME Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,129.87 + $9,142.18
$17,272.05
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $17,272.05 / 227.84
$75.81
NYSE:AME Discount to Share Price
Calculation Result
Value per share (USD) From above. $75.81
Current discount Discount to share price of $91.30
= -1 x ($91.30 - $75.81) / $75.81
-20.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of AMETEK is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AMETEK's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AMETEK's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:AME PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.48
NYSE:AME Share Price ** NYSE (2019-07-16) in USD $91.3
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 17.51x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.98x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AMETEK.

NYSE:AME PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AME Share Price ÷ EPS (both in USD)

= 91.3 ÷ 3.48

26.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMETEK is overvalued based on earnings compared to the US Electrical industry average.
  • AMETEK is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does AMETEK's expected growth come at a high price?
Raw Data
NYSE:AME PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
7.2%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 2.1x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

NYSE:AME PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.2x ÷ 7.2%

3.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMETEK is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AMETEK's assets?
Raw Data
NYSE:AME PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $19.56
NYSE:AME Share Price * NYSE (2019-07-16) in USD $91.3
United States of America Electrical Industry PB Ratio Median Figure of 61 Publicly-Listed Electrical Companies 1.9x
United States of America Market PB Ratio Median Figure of 5,240 Publicly-Listed Companies 1.81x
NYSE:AME PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AME Share Price ÷ Book Value per Share (both in USD)

= 91.3 ÷ 19.56

4.67x

* Primary Listing of AMETEK.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMETEK is overvalued based on assets compared to the US Electrical industry average.
X
Value checks
We assess AMETEK's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. AMETEK has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is AMETEK expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AMETEK expected to grow at an attractive rate?
  • AMETEK's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • AMETEK's earnings growth is positive but not above the United States of America market average.
  • AMETEK's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:AME Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:AME Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 7.2%
NYSE:AME Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 4.1%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:AME Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:AME Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 5,638 1,256 971 3
2020-12-31 5,468 1,143 899 14
2019-12-31 5,248 1,053 835 14
NYSE:AME Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,961 944 801
2018-12-31 4,846 926 778
2018-09-30 4,718 882 805
2018-06-30 4,609 872 767
2018-03-31 4,465 868 724
2017-12-31 4,300 833 681
2017-09-30 4,130 828 552
2017-06-30 3,990 758 529
2017-03-31 3,903 748 517
2016-12-31 3,840 757 512
2016-09-30 3,855 709 540
2016-06-30 3,909 728 566

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AMETEK's earnings are expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
  • AMETEK's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:AME Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from AMETEK Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AME Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 4.25 4.25 4.25 1.00
2020-12-31 3.93 4.01 3.78 10.00
2019-12-31 3.64 3.67 3.58 10.00
NYSE:AME Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.48
2018-12-31 3.37
2018-09-30 3.48
2018-06-30 3.32
2018-03-31 3.14
2017-12-31 2.96
2017-09-30 2.40
2017-06-30 2.30
2017-03-31 2.24
2016-12-31 2.20
2016-09-30 2.30
2016-06-30 2.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AMETEK is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AMETEK's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AMETEK has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AMETEK performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AMETEK's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AMETEK's year on year earnings growth rate has been positive over the past 5 years.
  • AMETEK's 1-year earnings growth exceeds its 5-year average (10.6% vs 7.2%)
  • AMETEK's earnings growth has not exceeded the US Electrical industry average in the past year (10.6% vs 27.1%).
Earnings and Revenue History
AMETEK's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AMETEK Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:AME Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 4,960.92 800.86 577.87
2018-12-31 4,845.87 777.93 562.42
2018-09-30 4,717.63 804.95 583.10
2018-06-30 4,609.47 767.26 563.23
2018-03-31 4,465.14 723.88 538.55
2017-12-31 4,300.17 681.47 523.71
2017-09-30 4,130.04 552.05 513.88
2017-06-30 3,990.27 529.20 485.91
2017-03-31 3,903.37 516.91 472.01
2016-12-31 3,840.09 512.16 451.09
2016-09-30 3,855.12 539.89 456.51
2016-06-30 3,908.61 565.60 455.46
2016-03-31 3,934.63 582.92 449.20
2015-12-31 3,974.30 590.86 447.79
2015-09-30 4,010.46 606.02 453.09
2015-06-30 4,043.74 591.43 460.18
2015-03-31 4,030.73 585.98 460.80
2014-12-31 4,021.96 584.46 462.64
2014-09-30 3,940.29 568.13 451.83
2014-06-30 3,798.48 554.18 431.60
2014-03-31 3,686.58 532.44 413.19
2013-12-31 3,594.14 517.00 398.18
2013-09-30 3,493.46 501.23 385.32
2013-06-30 3,442.83 488.76 382.37
2013-03-31 3,389.91 474.13 383.10
2012-12-31 3,334.21 459.13 380.53
2012-09-30 3,255.17 441.14 378.83

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AMETEK has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AMETEK used its assets more efficiently than the US Electrical industry average last year based on Return on Assets.
  • AMETEK's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess AMETEK's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AMETEK has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AMETEK's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AMETEK's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AMETEK is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AMETEK's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AMETEK's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AMETEK Company Filings, last reported 3 months ago.

NYSE:AME Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 4,456.62 2,472.35 368.07
2018-12-31 4,241.92 2,632.71 353.98
2018-09-30 4,511.91 1,901.27 518.72
2018-06-30 4,338.10 2,145.89 557.69
2018-03-31 4,204.40 2,205.70 556.78
2017-12-31 4,027.63 2,174.29 646.30
2017-09-30 3,766.16 2,430.45 736.42
2017-06-30 3,592.20 2,401.39 516.48
2017-03-31 3,404.24 2,414.53 570.23
2016-12-31 3,256.51 2,341.57 717.26
2016-09-30 3,373.20 2,154.43 445.47
2016-06-30 3,356.58 2,142.15 456.20
2016-03-31 3,296.69 2,218.36 386.94
2015-12-31 3,254.63 1,938.04 381.01
2015-09-30 3,315.27 1,917.07 328.03
2015-06-30 3,453.33 1,665.81 326.59
2015-03-31 3,263.86 1,672.68 406.59
2014-12-31 3,239.56 1,714.03 377.62
2014-09-30 3,467.81 1,636.68 369.61
2014-06-30 3,421.92 1,602.67 282.77
2014-03-31 3,272.63 1,407.89 265.34
2013-12-31 3,136.12 1,415.07 295.20
2013-09-30 2,934.23 1,300.09 254.88
2013-06-30 2,757.14 1,243.74 207.61
2013-03-31 2,622.11 1,323.70 177.34
2012-12-31 2,535.15 1,453.78 157.98
2012-09-30 2,423.87 1,372.16 168.10
  • AMETEK's level of debt (55.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (43.1% vs 55.5% today).
  • Debt is well covered by operating cash flow (38.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.8x coverage).
X
Financial health checks
We assess AMETEK's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AMETEK has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is AMETEK's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.61%
Current annual income from AMETEK dividends. Estimated to be 0.63% next year.
If you bought $2,000 of AMETEK shares you are expected to receive $12 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AMETEK's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • AMETEK's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:AME Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:AME Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.56 2.00
2020-12-31 0.58 8.00
2019-12-31 0.57 8.00
NYSE:AME Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-10 0.560 0.645
2019-02-13 0.560 0.678
2018-11-12 0.560 0.787
2018-08-03 0.560 0.741
2018-05-09 0.560 0.754
2018-02-01 0.560 0.746
2017-11-10 0.360 0.494
2017-08-04 0.360 0.549
2017-05-10 0.360 0.587
2017-02-13 0.360 0.654
2016-11-03 0.360 0.729
2016-08-04 0.360 0.763
2016-05-05 0.360 0.767
2016-02-04 0.360 0.745
2015-11-05 0.360 0.693
2015-07-31 0.360 0.666
2015-05-07 0.360 0.663
2015-02-05 0.360 0.688
2014-11-06 0.360 0.709
2014-07-24 0.360 0.706
2014-05-09 0.360 0.681
2014-02-06 0.240 0.461
2013-10-25 0.240 0.481
2013-07-25 0.240 0.531
2013-05-09 0.240 0.555
2013-02-07 0.240 0.577
2012-10-26 0.240 0.633
2012-07-27 0.240 0.701
2012-05-01 0.240 0.720
2012-02-09 0.160 0.496
2011-11-03 0.160 0.559
2011-07-29 0.160 0.645
2011-05-04 0.160 0.554
2011-02-03 0.160 0.557
2011-01-27 0.160 0.590
2010-11-03 0.160 0.614
2010-10-26 0.107 0.444
2010-07-30 0.107 0.522
2010-07-27 0.107 0.540
2010-04-30 0.107 0.574
2010-04-27 0.107 0.552
2010-02-04 0.107 0.600
2010-01-26 0.107 0.655
2009-11-05 0.107 0.637
2009-10-27 0.107 0.682
2009-07-24 0.107 0.717
2009-04-23 0.107 0.723
2009-04-21 0.107 0.743
2009-01-30 0.107 0.788
2008-10-31 0.107 0.780
2008-10-21 0.107 0.756
2008-07-24 0.107 0.562
2008-07-21 0.107 0.484

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMETEK is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
  • AMETEK is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of AMETEK's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of AMETEK's dividends as it is not paying a notable one for United States of America.
Future Payout to shareholders
  • No need to calculate the sustainability of AMETEK's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess AMETEK's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AMETEK afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AMETEK has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of AMETEK's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Zapico
COMPENSATION $8,762,155
AGE 54
TENURE AS CEO 3.2 years
CEO Bio

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 Chairman of the Board at AMETEK, Inc. since July 2017 and its Director since May 05, 2016. Mr. Zapico served as the Chief Operating Officer and Executive Vice President of AMETEK, Inc. since January 1, 2013 until May 04, 2016. Mr. Zapico served as the President of Ametek U.S. Gauge. Mr. Zapico served as the President of Electronic Instruments at AMETEK, Inc. since October 1, 2003 until January 2013. Mr. Zapico joined AMETEK in 1990 as a Product Engineer at AMETEK's Process and Analytical Instruments Division (P&AI) and served in several marketing and engineering roles. Since 1996, he served as Division Vice President of the Process Instruments Business Unit of P&AI. Since 1999, Mr. Zapico served as Vice President and General Manager of AMETEK's Aerospace and Power Instruments Division. Mr. Zapico has a Bachelor of Science Degree in Electrical Engineering from Case Western Reserve University and an MBA Degree from Carnegie Mellon University.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dave's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the AMETEK management team in years:

8
Average Tenure
56
Average Age
  • The average tenure for the AMETEK management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dave Zapico

TITLE
Chairman & CEO
COMPENSATION
$9M
AGE
54
TENURE
3.2 yrs

Bill Burke

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
57
TENURE
3.2 yrs

Wes Hardin

TITLE
President of Electronic Instruments
COMPENSATION
$2M
AGE
54
TENURE
11 yrs

Tom Marecic

TITLE
President of Electronic Instruments
COMPENSATION
$2M
AGE
57
TENURE
6.3 yrs

Timothy Jones

TITLE
President of Electromechanical Group
COMPENSATION
$2M
AGE
62
TENURE
13.4 yrs

Ken Weirman

TITLE
Chief Information Officer & VP
TENURE
8.4 yrs

Ron Oscher

TITLE
Chief Administrative Officer
AGE
51
TENURE
3.2 yrs

Kevin Coleman

TITLE
Vice President of Investor Relations
TENURE
7.5 yrs

Thomas Deeney

TITLE
Vice President of Corporate Compliance & Auditing
TENURE
14.8 yrs

Robert Feit

TITLE
Senior VP
AGE
56
TENURE
12.3 yrs
Board of Directors Tenure

Average tenure and age of the AMETEK board of directors in years:

4.8
Average Tenure
60
Average Age
  • The tenure for the AMETEK board of directors is about average.
Board of Directors

Dennis Williams

TITLE
Independent Director
COMPENSATION
$248K
AGE
73
TENURE
13.2 yrs

Dave Zapico

TITLE
Chairman & CEO
COMPENSATION
$9M
AGE
54
TENURE
2 yrs

Tony Conti

TITLE
Lead Independent Director
COMPENSATION
$283K
AGE
70
TENURE
2 yrs

Tom Amato

TITLE
Independent Director
COMPENSATION
$241K
AGE
56
TENURE
2.3 yrs

Elizabeth Varet

TITLE
Independent Director
COMPENSATION
$233K
AGE
75
TENURE
32.5 yrs

Steve Kohlhagen

TITLE
Independent Director
COMPENSATION
$233K
AGE
71
TENURE
13.2 yrs

Ruby Chandy

TITLE
Independent Director
COMPENSATION
$233K
AGE
57
TENURE
6.2 yrs

Gretchen McClain

TITLE
Independent Director
COMPENSATION
$233K
AGE
57
TENURE
4.8 yrs

Tod Carpenter

TITLE
Director
AGE
60
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • AMETEK individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
17. Jun 19 Sell Elizabeth Varet Individual 17. Jun 19 17. Jun 19 -2,000 $84.90 $-169,800
13. Jun 19 Sell Elizabeth Varet Individual 13. Jun 19 13. Jun 19 -3,000 $85.80 $-257,400
13. May 19 Sell Thomas Amato Individual 13. May 19 13. May 19 -1,790 $83.57 $-149,581
01. Apr 19 Sell Thomas Marecic Individual 29. Mar 19 29. Mar 19 -3,500 $83.00 $-290,500
29. Mar 19 Sell Timothy Jones Individual 28. Mar 19 28. Mar 19 -5,000 $82.20 $-411,000
12. Mar 19 Sell Elizabeth Varet Individual 11. Mar 19 12. Mar 19 -4,000 $80.44 $-319,857
01. Mar 19 Sell Elizabeth Varet Individual 28. Feb 19 28. Feb 19 -2,000 $79.75 $-159,500
14. Feb 19 Sell Thomas Marecic Individual 13. Feb 19 13. Feb 19 -3,000 $79.00 $-237,014
12. Feb 19 Sell Elizabeth Varet Individual 07. Sep 18 13. Sep 18 -8,000 $80.75 $-632,874
13. Nov 18 Buy Thomas Amato Individual 12. Nov 18 12. Nov 18 2,000 $73.14 $146,290
14. Sep 18 Sell Elizabeth Varet Individual 14. Sep 18 14. Sep 18 -5,300 $80.51 $-426,703
07. Sep 18 Sell Elizabeth Varet Individual 07. Sep 18 07. Sep 18 -1,500 $78.10 $-117,147
07. Sep 18 Sell Gretchen McClain Individual 07. Sep 18 07. Sep 18 -1,920 $78.55 $-150,816
30. Aug 18 Sell Elizabeth Varet Individual 29. Aug 18 29. Aug 18 -3,000 $77.26 $-231,780
27. Aug 18 Sell Elizabeth Varet Individual 27. Aug 18 27. Aug 18 -3,000 $77.00 $-231,000
08. Aug 18 Sell Elizabeth Varet Individual 07. Aug 18 07. Aug 18 -3,000 $76.95 $-230,850
02. Aug 18 Sell Elizabeth Varet Individual 31. Jul 18 31. Jul 18 -2,000 $76.95 $-153,900
27. Jul 18 Sell Elizabeth Varet Individual 26. Jul 18 26. Jul 18 -2,000 $76.70 $-153,409
X
Management checks
We assess AMETEK's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AMETEK has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Update: AMETEK (NYSE:AME) Stock Gained 93% In The Last Three Years

(NYSE:AME) shareholders have seen the share price rise 93% over three years, well in excess of the market return (38%, not including dividends). … AMETEK was able to grow its EPS at 13% per year over three years, sending the share price higher. … It is important to consider the total shareholder return, as well as the share price return, for any given stock.

Simply Wall St -

Should You Be Pleased About The CEO Pay At AMETEK, Inc.'s (NYSE:AME)

First, this article will compare CEO compensation with compensation at other large companies. … See our latest analysis for AMETEK How Does Dave Zapico's Compensation Compare With Similar Sized Companies? … Dave Zapico is paid around the same as most CEOs of large companies.

Simply Wall St -

Does AMETEK, Inc.'s (NYSE:AME) Past Performance Indicate A Stronger Future?

(NYSE:AME) released its most recent earnings update (31 March 2019), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were AMETEK's average earnings over the past couple of years, and its industry performance. … View our latest analysis for AMETEK How AME fared against its long-term earnings performance and its industry AME's trailing twelve-month earnings (from 31 March 2019) of US$801m has jumped 11% compared to the previous year.

Simply Wall St -

Does AMETEK, Inc.'s (NYSE:AME) Recent Track Record Look Strong?

In this commentary, I will examine AMETEK, Inc.'s (NYSE:AME) latest earnings update (31 March 2019) and compare these figures against its performance over the past couple of years, as well as how the rest of the electrical industry performed. … See our latest analysis for AMETEK Were AME's earnings stronger than its past performances and the industry? … I recommend you continue to research AMETEK to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for AME’s future growth?

Simply Wall St -

What Can We Make Of AMETEK, Inc.’s (NYSE:AME) High Return On Capital?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for AMETEK: 0.14 = US$1.1b ÷ (US$8.9b - US$1.0b) (Based on the trailing twelve months to March 2019.) Therefore, AMETEK has an ROCE of 14%. … How AMETEK's Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

A Closer Look At AMETEK, Inc.'s (NYSE:AME) Impressive ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for AMETEK: 18% = US$801m ÷ US$4.5b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … A company that can achieve a high return on equity without debt could be considered a high quality business. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Need To Know: AMETEK, Inc. (NYSE:AME) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in AMETEK, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for AMETEK AMETEK Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Independent Director, Elizabeth Varet, sold US$633k worth of shares at a price of US$80.75 per share. … AMETEK Insiders Are Selling The Stock The last quarter saw substantial insider selling of AMETEK shares.

Simply Wall St -

Is It Time To Consider Buying AMETEK, Inc. (NYSE:AME)?

Want to participate in a short research study? … saw a significant share price rise of over 20% in the past couple of months on the NYSE … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price.

Simply Wall St -

I Built A List Of Growing Companies And AMETEK (NYSE:AME) Made The Cut

How Quickly Is AMETEK Increasing Earnings Per Share. … The market is a voting machine in the short term, but a weighing machine in the long term, so share price follows earnings per share (EPS) eventually. … One way to double-check a company's growth is to look at how its revenue, and earnings before interest and tax (EBIT) margins are changing.

Simply Wall St -

Have You Considered This Before Investing In AMETEK, Inc. (NYSE:AME)?

I will take you through AMETEK’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash AMETEK has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations. … There are two methods I will use to evaluate the quality of AMETEK’s FCF: firstly, I will measure its FCF yield relative to the market index yield; secondly, I will examine whether its operating cash flow will continue to grow into the future, which will give us a sense of sustainability

Simply Wall St -

Company Info

Description

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. The company’s Electronic Instruments segment offers advanced instruments for the process, aerospace, power, and industrial markets; process control 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 systems, 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 Electromechanical Group segment offers engineered electrical connectors and electronics packaging used in aerospace and defense, medical, and industrial applications; advanced precision motion control products for use in a range of automation applications across the medical, semiconductor, aerospace, defense, and food and beverage industries; high-purity powdered metals, strip and foil, specialty clad metals, and metal matrix composites; blowers and heat exchangers for aerospace and defense industries; 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 founded in 1930 and is headquartered in Berwyn, Pennsylvania.

Details
Name: AMETEK, Inc.
AME
Exchange: NYSE
Founded: 1930
$20,801,875,813
227,840,918
Website: http://www.ametek.com
Address: AMETEK, Inc.
1100 Cassatt Road,
Berwyn,
Pennsylvania, 19312,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AME Common Stock New York Stock Exchange US USD 02. Jan 1968
DB AK1 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0HF7 Common Stock London Stock Exchange GB USD 02. Jan 1968
BMV AME * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
Number of employees
Current staff
Staff numbers
18,200
AMETEK employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/16 23:32
End of day share price update: 2019/07/16 00:00
Last estimates confirmation: 2019/07/12
Last earnings filing: 2019/05/02
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.