NYSE:APH

Stock Analysis Report

Executive Summary

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide.

Snowflake

Fundamentals

Outstanding track record average dividend payer.


Similar Companies

Share Price & News

How has Amphenol's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

APH

2.4%

US Electronic

0.07%

US Market


1 Year Return

19.8%

APH

16.3%

US Electronic

8.9%

US Market

Return vs Industry: APH exceeded the US Electronic industry which returned 16.3% over the past year.

Return vs Market: APH exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

APHIndustryMarket
7 Day0.7%2.4%0.07%
30 Day5.6%3.7%-0.3%
90 Day7.3%2.3%-1.6%
1 Year21.0%19.8%17.5%16.3%11.3%8.9%
3 Year56.4%52.0%55.8%51.4%46.3%36.8%
5 Year111.1%101.3%83.7%74.7%62.1%44.3%

Price Volatility Vs. Market

How volatile is Amphenol's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Amphenol undervalued compared to its fair value and its price relative to the market?

24.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: APH ($99.09) is trading above our estimate of fair value ($54.5)

Significantly Below Fair Value: APH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: APH is poor value based on its PE Ratio (24.5x) compared to the Electronic industry average (19.6x).

PE vs Market: APH is poor value based on its PE Ratio (24.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: APH is poor value based on its PEG Ratio (4.5x)


Price to Book Ratio

PB vs Industry: APH is overvalued based on its PB Ratio (7.1x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is Amphenol forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

5.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APH's forecast earnings growth (5.4% per year) is above the savings rate (2.7%).

Earnings vs Market: APH's earnings (5.4% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: APH's earnings are forecast to grow, but not significantly.

Revenue vs Market: APH's revenue (4.8% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: APH's revenue (4.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: APH's Return on Equity is forecast to be high in 3 years time (26.9%)


Next Steps

Past Performance

How has Amphenol performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: APH's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: APH's earnings growth over the past year (67.1%) exceeds its 5-year average (9.2% per year).

Earnings vs Industry: APH earnings growth over the past year (67.1%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: APH's Return on Equity (29.1%) is considered high.


Return on Assets

ROA vs Industry: APH has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: APH has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Amphenol's financial position?


Financial Position Analysis

Short Term Liabilities: APH's short term assets ($4.2B) exceeds its short term liabilities ($2.1B)

Long Term Liabilities: APH's short term assets (4.2B) do not cover its long term liabilities (4.4B)


Debt to Equity History and Analysis

Debt Level: APH's debt to equity ratio (94.5%) is considered high

Reducing Debt: APH's debt to equity ratio has increased from 78.3% to 94.5% over the past 5 years.

Debt Coverage: APH's debt is well covered by operating cash flow (34.8%).

Interest Coverage: APH's interest payments on its debt are well covered by EBIT (15.4x coverage).


Balance Sheet

Inventory Level: APH has a high level of physical assets or inventory.

Debt Coverage by Assets: APH's debt is covered by short term assets (assets are 1.062830x debt).


Next Steps

Dividend

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

1.01%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years1.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: APH's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: APH's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: APH's dividends per share have been stable in the past 10 years.

Growing Dividend: APH's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.7%), APH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APH's dividends in 3 years are forecast to be well covered by earnings (23.4% payout ratio).


Next Steps

Management

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

5.8yrs

Average management tenure


CEO

Richard Norwitt (49yo)

10.8yrs

Tenure

US$10,110,360

Compensation

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 Konfek ...


CEO Compensation Analysis

Compensation vs. Market: Richard's total compensation ($USD10.11M) is about average for companies of similar size in the US market ($USD11.18M).

Compensation vs Earnings: Richard's compensation has increased by more than 20% in the past year.


Management Age and Tenure

5.8yrs

Average Tenure

55yo

Average Age

Experienced Management: APH's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

7.5yrs

Average Tenure

66yo

Average Age

Experienced Board: APH's board of directors are considered experienced (7.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$1,411,04129 Apr 19
Craig Lampo
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares14,095
Max PriceUS$100.11

Ownership Breakdown


Management Team

  • Craig Lampo (49yo)

    Senior VP & CFO

    • Tenure: 4.3yrs
    • Compensation: US$3.33m
  • Richard Norwitt (49yo)

    President

    • Tenure: 10.8yrs
    • Compensation: US$10.11m
  • Luc Walter (60yo)

    Senior VP and Group GM of Military & Aerospace Operations

    • Tenure: 15.8yrs
    • Compensation: US$3.05m
  • Zachary Raley (50yo)

    Senior VP and Group GM of Worldwide RF

    • Tenure: 12.8yrs
    • Compensation: US$2.29m
  • Lance D'Amico (50yo)

    Senior VP

    • Tenure: 3.8yrs
    • Compensation: US$2.13m
  • Jean-Luc Gavelle (60yo)

    VP & Group General Manager of Interconnect and Sensor Systems Group

    • Tenure: 5.8yrs
    • Compensation: US$2.39m
  • John Treanor (61yo)

    Senior VP & Group GM of Amphenol Sensor Technology Group

    • Tenure: 6.8yrs
  • Patrick Gillard (62yo)

    VP & Treasurer

    • Tenure: 5.8yrs
  • David Silverman (41yo)

    Vice President of Human Resources

    • Tenure: 5.8yrs
  • Bill Doherty (60yo)

    Senior VP and GM of Information Communications & Commercial Products Group

    • Tenure: 1.8yrs
    • Compensation: US$2.70m

Board Members

  • Martin Loeffler (75yo)

    Independent Chairman

    • Tenure: 22.4yrs
    • Compensation: US$320.06k
  • Edward Jepsen (75yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$232.06k
  • John Craig (68yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: US$220.06k
  • Diana Reardon (60yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$220.06k
  • Dave Falck (66yo)

    Presiding Director

    • Tenure: 0yrs
    • Compensation: US$228.06k
  • Richard Norwitt (49yo)

    President

    • Tenure: 10.8yrs
    • Compensation: US$10.11m
  • Bob Livingston (65yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$46.68k
  • Stanley Clark (75yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$228.06k
  • Anne Wolff (53yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$211.71k

Company Information

Amphenol Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Amphenol Corporation
  • Ticker: APH
  • Exchange: NYSE
  • Founded: 1932
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$29.474b
  • Shares outstanding: 297.45m
  • Website: https://www.amphenol.com

Number of Employees


Location

  • Amphenol Corporation
  • 358 Hall Avenue
  • PO Box 5030
  • Wallingford
  • Connecticut
  • 6492
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
APHNYSE (New York Stock Exchange)YesClass A Common StockUSUSDNov 1991
XPHDB (Deutsche Boerse AG)YesClass A Common StockDEEURNov 1991
APH *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNNov 1991
0HFBLSE (London Stock Exchange)YesClass A Common StockGBUSDNov 1991

Biography

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconne ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:32
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.