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Amphenol

NYSE:APH
Snowflake Description

Outstanding track record with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
APH
NYSE
$28B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. The last earnings update was 5 days ago. More info.


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APH Share Price and Events
7 Day Returns
2.9%
NYSE:APH
2%
US Electronic
1.2%
US Market
1 Year Returns
3%
NYSE:APH
0.2%
US Electronic
0.9%
US Market
APH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Amphenol (APH) 2.9% 12.4% 10.1% 3% 76.6% 108.5%
US Electronic 2% 11.5% 7.3% 0.2% 68.4% 61.8%
US Market 1.2% 6.6% 1.2% 0.9% 44.3% 41.3%
1 Year Return vs Industry and Market
  • APH outperformed the Electronic industry which returned 0.2% over the past year.
  • APH outperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
APH
Industry
5yr Volatility vs Market

Value

 Is Amphenol 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 Amphenol 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 Amphenol.

NYSE:APH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
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:APH
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 21%) (12.92%))
1.161
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.16
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.161 * 7.27%)
11.17%

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

The calculations below outline how an intrinsic value for Amphenol is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:APH DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 1,284.23 1,258.10 1,377.00 1,460.00 1,548.00
Source Analyst x2 Analyst x3 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 11.17%)
1,155.17 1,017.94 1,002.17 955.80 911.56
Present value of next 5 years cash flows $5,042.64
NYSE:APH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $1,548.00 × (1 + 2.73%) ÷ (11.17% – 2.73%)
$18,836.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $18,836.67 ÷ (1 + 11.17%)5
$11,092.25
NYSE:APH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $5,042.64 + $11,092.25
$16,134.90
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $16,134.90 / 298.09
$54.13
NYSE:APH Discount to Share Price
Calculation Result
Value per share (USD) From above. $54.13
Current discount Discount to share price of $92.69
= -1 x ($92.69 - $54.13) / $54.13
-71.2%

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

  • The current share price of Amphenol 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 Amphenol's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Amphenol's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:APH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $4.00
NYSE:APH Share Price ** NYSE (2019-02-15) in USD $92.69
United States of America Electronic Industry PE Ratio Median Figure of 89 Publicly-Listed Electronic Companies 19.79x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 16.97x

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

** Primary Listing of Amphenol.

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

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

= 92.69 ÷ 4.00

23.17x

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

  • Amphenol is overvalued based on earnings compared to the US Electronic industry average.
  • Amphenol is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Amphenol's expected growth come at a high price?
Raw Data
NYSE:APH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
4.5%per year
United States of America Electronic Industry PEG Ratio Median Figure of 59 Publicly-Listed Electronic Companies 1.34x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.17x ÷ 4.5%

5.16x

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

  • Amphenol is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Amphenol's assets?
Raw Data
NYSE:APH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $13.46
NYSE:APH Share Price * NYSE (2019-02-15) in USD $92.69
United States of America Electronic Industry PB Ratio Median Figure of 150 Publicly-Listed Electronic Companies 2.06x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.82x
NYSE:APH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 92.69 ÷ 13.46

6.89x

* Primary Listing of Amphenol.

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

  • Amphenol is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Amphenol'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Amphenol 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 Amphenol expected to perform in the next 1 to 3 years based on estimates from 11 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
4.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Amphenol expected to grow at an attractive rate?
  • Amphenol's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Amphenol's earnings growth is positive but not above the United States of America market average.
  • Amphenol's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:APH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:APH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 4.5%
NYSE:APH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.6%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 18.1%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:APH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:APH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 9,162 2
2020-12-31 8,786 1,550 1,319 11
2019-12-31 8,347 1,567 1,212 11
NYSE:APH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 8,202 1,113 1,205
2018-09-30 7,921 1,162 764
2018-06-30 7,633 1,021 725
2018-03-31 7,318 1,037 691
2017-12-31 7,011 1,144 651
2017-09-30 6,719 1,065 989
2017-06-30 6,514 1,158 936
2017-03-31 6,395 1,121 891
2016-12-31 6,286 1,078 823
2016-09-30 6,066 1,051 788
2016-06-30 5,890 1,046 768
2016-03-31 5,693 1,036 740

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Amphenol's earnings are expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).
  • Amphenol's revenue is expected to grow by 3.6% 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:APH Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Amphenol Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:APH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 4.31 4.54 4.09 8.00
2019-12-31 3.94 4.03 3.79 7.00
NYSE:APH Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 4.00
2018-09-30 2.52
2018-06-30 2.39
2018-03-31 2.27
2017-12-31 2.13
2017-09-30 3.23
2017-06-30 3.04
2017-03-31 2.89
2016-12-31 2.67
2016-09-30 2.55
2016-06-30 2.49
2016-03-31 2.40

*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.
  • Amphenol is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Amphenol'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.
Amphenol has a total score of 2/6, 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 Amphenol 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 Amphenol's growth in the last year to its industry (Electronic).
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.
  • Amphenol's year on year earnings growth rate has been positive over the past 5 years.
  • Amphenol's 1-year earnings growth exceeds its 5-year average (85.2% vs 6.5%)
  • Amphenol's earnings growth has exceeded the US Electronic industry average in the past year (85.2% vs 38.7%).
Earnings and Revenue History
Amphenol'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 Amphenol Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:APH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 8,202.00 1,205.00 746.00 220.90
2018-09-30 7,921.20 763.50 746.70 193.70
2018-06-30 7,633.00 724.50 737.00 193.70
2018-03-31 7,318.10 691.20 712.80 193.70
2017-12-31 7,011.30 650.50 699.50 193.70
2017-09-30 6,718.50 989.30 695.00 166.10
2017-06-30 6,513.60 936.10 659.80 166.10
2017-03-31 6,395.30 891.20 644.40 166.10
2016-12-31 6,286.40 822.90 647.30 166.10
2016-09-30 6,065.80 787.70 636.00 124.70
2016-06-30 5,889.50 767.90 600.50 124.70
2016-03-31 5,692.80 740.30 569.50 124.70
2015-12-31 5,568.70 763.50 544.40 124.70
2015-09-30 5,564.70 756.80 553.10 114.80
2015-06-30 5,463.90 734.50 545.00 114.80
2015-03-31 5,426.50 730.40 539.90 114.80
2014-12-31 5,345.50 709.10 530.30 114.80
2014-09-30 5,164.77 683.51 517.96 103.40
2014-06-30 4,959.03 662.11 493.59 103.40
2014-03-31 4,781.00 641.19 468.47 103.40
2013-12-31 4,614.70 635.70 444.60 103.40
2013-09-30 4,514.91 608.16 443.29 92.48
2013-06-30 4,465.23 594.81 435.12 92.48
2013-03-31 4,390.27 581.76 427.33 92.48
2012-12-31 4,292.10 555.30 420.40 92.50
2012-09-30 4,094.80 528.81 411.29 88.88
2012-06-30 4,024.17 515.99 407.22 88.88
2012-03-31 3,980.81 522.80 403.39 88.88

*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.
  • Amphenol has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Amphenol used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Amphenol has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Amphenol'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 Electronic 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.
Amphenol has a total score of 6/6, 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 Amphenol'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 Amphenol's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Amphenol is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Amphenol's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Amphenol'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.3x 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 Amphenol Company Filings, last reported 1 month ago.

NYSE:APH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,064.20 3,570.70 1,291.70
2018-09-30 4,053.30 3,258.50 1,019.80
2018-06-30 3,812.60 3,436.60 991.10
2018-03-31 3,967.90 3,239.30 1,024.30
2017-12-31 4,043.40 3,542.60 1,753.70
2017-09-30 4,109.30 3,560.80 1,489.60
2017-06-30 3,915.90 3,396.60 1,360.10
2017-03-31 3,751.10 3,237.20 1,279.70
2016-12-31 3,723.10 3,010.70 1,173.20
2016-09-30 3,754.70 2,972.50 1,016.90
2016-06-30 3,573.90 2,834.90 824.70
2016-03-31 3,424.20 2,866.50 713.60
2015-12-31 3,278.40 2,813.50 1,760.40
2015-09-30 3,181.40 2,853.40 1,597.70
2015-06-30 3,102.80 2,759.60 1,397.20
2015-03-31 2,979.20 2,758.60 1,351.10
2014-12-31 2,937.90 2,656.20 1,329.60
2014-09-30 2,997.66 2,623.98 1,244.62
2014-06-30 2,998.59 2,343.56 1,443.90
2014-03-31 2,895.86 2,223.62 1,299.45
2013-12-31 2,880.10 2,132.80 1,192.20
2013-09-30 2,666.52 1,869.53 1,283.58
2013-06-30 2,597.26 1,782.55 1,142.55
2013-03-31 2,517.07 1,688.24 1,021.90
2012-12-31 2,442.18 1,706.50 942.50
2012-09-30 2,438.22 1,605.39 892.89
2012-06-30 2,263.52 1,543.83 780.46
2012-03-31 2,264.72 1,395.12 743.23
  • Amphenol's level of debt (87.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (74.1% vs 87.9% today).
  • Debt is well covered by operating cash flow (31.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.6x coverage).
X
Financial health checks
We assess Amphenol'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. Amphenol has a total score of 4/6, 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 Amphenol'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
0.99%
Current annual income from Amphenol dividends. Estimated to be 1.02% next year.
If you bought $2,000 of Amphenol shares you are expected to receive $20 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?
  • Amphenol's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Amphenol's dividend is below the markets top 25% of dividend payers in United States of America (3.59%).
Upcoming dividend payment

Purchase Amphenol on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:APH 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 11 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 Stocks 2.5%
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 3.6%

Industry and Market average data is calculated daily.

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

NYSE:APH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.04 3.00
2020-12-31 0.97 8.00
2019-12-31 0.90 8.00
NYSE:APH Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-31 0.920 1.021
2018-11-01 0.920 1.096
2018-08-02 0.920 1.003
2018-04-30 0.920 1.038
2018-04-25 0.920 1.100
2018-02-01 0.760 0.864
2017-11-02 0.760 0.847
2017-10-25 0.760 0.877
2017-08-03 0.760 0.925
2017-07-26 0.760 0.992
2017-05-04 0.640 0.861
2017-02-02 0.640 0.912
2016-10-19 0.640 0.951
2016-07-29 0.560 0.898
2016-04-29 0.560 0.972
2016-01-29 0.560 1.021
2015-10-30 0.560 1.079
2015-10-21 0.560 1.050
2015-08-07 0.560 1.074
2015-07-22 0.560 0.998
2015-05-01 0.500 0.882
2015-01-30 0.500 0.872
2014-10-31 0.500 0.946
2014-07-23 0.500 1.002
2014-05-02 0.400 0.830
2014-01-31 0.400 0.882
2013-10-24 0.400 0.935
2013-07-18 0.400 1.033
2013-04-25 0.210 0.534
2013-01-24 0.210 0.587
2012-10-25 0.210 0.663
2012-07-26 0.210 0.694
2012-04-26 0.210 0.769
2012-01-18 0.210 0.741
2011-10-27 0.210 0.922
2011-07-28 0.030 0.136
2011-04-29 0.030 0.114
2011-01-26 0.030 0.108
2010-10-29 0.030 0.115
2010-07-29 0.030 0.130
2010-04-29 0.030 0.142
2010-01-29 0.030 0.140
2009-10-26 0.030 0.139
2009-07-24 0.030 0.166
2009-06-02 0.030 0.184
2009-02-19 0.030 0.203

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

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Amphenol's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).
X
Income/ dividend checks
We assess Amphenol'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 Amphenol afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Amphenol has a total score of 4/6, 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 Amphenol'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
Richard Norwitt
COMPENSATION $8,165,544
AGE 48
TENURE AS CEO 10.1 years
CEO Bio

Mr. Richard Adam Norwitt has been the Chief Executive Officer and President of Amphenol Corporation since January 1, 2009 and January 1, 2007 respectively. Mr. Norwitt serves as Managing Director of Konfektion E Elektronik GmbH. Mr. Norwitt served as the Chief Operating Officer of Amphenol Corporation from January 1, 2007 to December 2008. He served as a Senior Vice President and a Group General Manager at Worldwide RF and Microwave Products Division of Amphenol Corp. from January 2004 to December 2006 and Vice President and as a Group General Manager of Worldwide RF and Microwave Products division of Amphenol Corp. from January 2004 to June 2006 and as a General Manager of Worldwide RF and Microwave Products from November 2003 to January 2004. Mr. Norwitt has held a variety of management, business development and operating positions in Amphenol operations in Asia and the United States since 1998 when he joined. Mr. Norwitt served as a Director of interconnect systems operations of Asia from 2002 to 2003, General Manager of Amphenol East Asia Electronic Technology (Shenzhen) Ltd. from 2001 to 2003 and as a Business Development Manager of Asia from 2000 to 2003. He has been a Director of Amphenol Corporation since January 1, 2009. Mr. Norwitt is a Graduate of Georgetown University, a Law Degree from the University of Michigan and an MBA from INSEAD, France.

CEO Compensation
  • Richard's compensation has been consistent with company performance over the past year.
  • Richard's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

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

5.1
Average Tenure
49
Average Age
  • The average tenure for the Amphenol management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Richard Norwitt

TITLE
President
COMPENSATION
$8M
AGE
48
TENURE
10.1 yrs

Craig Lampo

TITLE
Senior VP & CFO
COMPENSATION
$3M
AGE
48
TENURE
3.6 yrs

Lance D'Amico

TITLE
VP, General Counsel & Secretary
COMPENSATION
$2M
AGE
49
TENURE
3.1 yrs

Luc Walter

TITLE
Senior VP and Group GM of Military & Aerospace Operations
COMPENSATION
$3M
AGE
59
TENURE
15.1 yrs

Bill Doherty

TITLE
Senior VP and GM of Information Communications & Commercial Products Group
COMPENSATION
$2M
AGE
59
TENURE
1.1 yrs

David Silverman

TITLE
Vice President of Human Resources
AGE
40
TENURE
5.1 yrs

Zachary Raley

TITLE
Senior VP and Group GM of Worldwide RF
COMPENSATION
$2M
AGE
49
TENURE
12.1 yrs

John Treanor

TITLE
Senior VP & Group GM of Amphenol Sensor Technology Group
AGE
60
TENURE
6.1 yrs

Patrick Gillard

TITLE
VP & Treasurer
AGE
61
TENURE
5.1 yrs

Michael Ivas

TITLE
VP & Controller
AGE
47
TENURE
4.1 yrs
Board of Directors Tenure

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

14.1
Average Tenure
70.5
Average Age
  • The average tenure for the Amphenol board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Martin Loeffler

TITLE
Chairman
COMPENSATION
$320K
AGE
74
TENURE
21.8 yrs

Richard Norwitt

TITLE
President
COMPENSATION
$8M
AGE
48
TENURE
10.1 yrs

Edward Jepsen

TITLE
Independent Director
COMPENSATION
$232K
AGE
74
TENURE
14.1 yrs

John Lord

TITLE
Independent Director
COMPENSATION
$228K
AGE
74
TENURE
14.9 yrs

Stanley Clark

TITLE
Independent Director
COMPENSATION
$228K
AGE
74
TENURE
14.1 yrs

Ronald Badie

TITLE
Independent Director
COMPENSATION
$228K
AGE
75
TENURE
14.6 yrs

Dave Falck

TITLE
Presiding Director
COMPENSATION
$228K
AGE
65

Diana Reardon

TITLE
Director
COMPENSATION
$355K
AGE
59
TENURE
3.6 yrs

John Craig

TITLE
Independent Director
COMPENSATION
$140K
AGE
67
TENURE
1.6 yrs

Anne Wolff

TITLE
Director
AGE
52
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Aug 18 Sell John Lord Individual 03. Aug 18 03. Aug 18 -15,013 $93.76 $-1,407,566
22. Feb 18 Sell John Lord Individual 02. Sep 16 02. Sep 16 -2,000 $62.47 $-124,940
01. Mar 18 Sell Luc Walter Individual 04. Aug 17 04. Aug 17 -69,000 $77.80 $-5,362,584
X
Management checks
We assess Amphenol'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. Amphenol 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

Should You Like Amphenol Corporation’s (NYSE:APH) High Return On Capital Employed?

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Amphenol Corporation (NYSE:APH) Potentially Undervalued?

As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain … Today I will analyse the most recent data on Amphenol’s outlook and valuation to see if the opportunity still exists.

Simply Wall St -

These Fundamentals Make Amphenol Corporation (NYSE:APH) Truly Worth Looking At

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past

Simply Wall St -

Should You Be Worried About Insider Transactions At Amphenol Corporation (NYSE:APH)?

So shareholders might well want to know whether insiders have been buying or selling shares in Amphenol Corporation (NYSE:APH). … So we know that an insider sold shares at around the present share price of US$75.65. … All up, insiders sold more shares in Amphenol than they bought, over the last year.

Simply Wall St -

What Does Amphenol Corporation's (NYSE:APH) P/E Ratio Tell You?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … Amphenol has a price to earnings ratio of 33.57, based on the last twelve months. … How Do I Calculate Amphenol's Price To Earnings Ratio

Simply Wall St -

How Financially Strong Is Amphenol Corporation (NYSE:APH)?

There are a number of reasons that attract investors towards large-cap companies such as Amphenol Corporation (NYSE:APH), with a market cap of US$26b. … Today we will look at Amphenol’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis

Simply Wall St -

Does Amphenol Corporation's (NYSE:APH) CEO Pay Compare Well With Peers?

This analysis aims first to contrast CEO compensation with other large companies. … How Does Richard Norwitt's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Amphenol Corporation has a market cap of US$27.3b, and is paying total annual CEO compensation of US$8m.

Simply Wall St -

Is Now The Time To Look At Buying Amphenol Corporation (NYSE:APH)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $96.99 at one point, and dropping to the lows of $82.72. … This high level of volatility gives investors the opportunity to enter into the stock, and potentially buy at an artificially low price? … Let’s take a look at Amphenol’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

What Should Investors Know About Amphenol Corporation's (NYSE:APH) Return On Capital?

Owing to this, it is important that the underlying business is producing a sufficient amount of income from the capital invested by stockholders. … To understand Amphenol’s capital returns we will look at a useful metric called return on capital employed. … This will tell us if the company is growing your capital and placing you in good stead to sell your shares at a profit

Simply Wall St -

How Confident Are Insiders About Amphenol Corporation (NYSE:APH)?

some insider selling over the past three months, with insiders divesting from. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal. … The MIT Press (1998) published an article showing that stocks following insider selling underperformed the market by 2.7%

Simply Wall St -

Company Info

Map
Description

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; and other products comprising antennas, flexible and rigid printed circuit boards, hinges, molded parts, production-related products, sensors and sensor-based products, and switches. The Cable Products and Solutions segment offers coaxial, power, and specialty cables; cable assemblies; and components, which include combiner/splitter products, connector and connector systems, and fiber optic components. The company sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.

Details
Name: Amphenol Corporation
APH
Exchange: NYSE
Founded: 1932
$27,629,703,494
298,087,210
Website: http://www.amphenol.com
Address: Amphenol Corporation
358 Hall Avenue,
PO Box 5030,
Wallingford,
Connecticut, 06492,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE APH Class A Common Stock New York Stock Exchange US USD 08. Nov 1991
DB XPH Class A Common Stock Deutsche Boerse AG DE EUR 08. Nov 1991
LSE 0HFB Class A Common Stock London Stock Exchange GB USD 08. Nov 1991
BMV APH * Class A Common Stock Bolsa Mexicana de Valores MX MXN 08. Nov 1991
Number of employees
Current staff
Staff numbers
73,600
Amphenol employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 01:18
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/07
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
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.