Amphenol Corp - Class A
Exchange: NYSESector: TechnologyIndustry: Electronic Components
Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in approximately 40 countries around the world and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. Amphenol has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Commercial Aerospace, Communications Networks, Defense, Industrial, Information Technology and Data Communications and Mobile Devices.
Did you know?
Generated $4.5 in free cash flow for every $1 of capital expenditure in FY25.
Current Price
$128.00
+0.23%GoodMoat Value
$129.88
1.5% undervaluedProfile
Valuation (TTM)
Market Cap$156.68B
P/E36.69
EV$164.02B
P/B11.68
Shares Out1.22B
P/Sales6.78
Revenue$23.09B
EV/EBITDA23.45
Amphenol Corp - Class A (APH) Stock Analysis
GoodMoat Analysis
Amphenol is a high-quality connector manufacturer with a strong competitive position, but its current valuation appears full. The stock's price is near its GoodMoat target, suggesting limited margin of safety for a value investor.
Read full analysis
Amphenol Corporation designs and manufactures electrical, electronic, and fiber optic connectors, serving a diverse set of end markets including automotive, industrial, and IT datacom. Applying the GoodMoat framework, the company likely scores well on several moat criteria, including switching costs (its components are mission-critical in customer designs), niche dominance in specialized connectors, and strategic partnerships with industry leaders. Its impressive ROE of 31.8% and operating margin of 25.4% are strong indicators of a quality business with pricing power and efficient operations. However, the valuation assessment presents a hurdle. With a P/E of 36.9x and a stock price of $128.73 virtually at the GoodMoat target of $129.88, the implied margin of safety is minimal. The Decision Framework would categorize this as a 'With Caution' scenario at best, as the business passes the Moat & Quality gate but fails to offer a favourable price. The high revenue growth of 49.1% YoY is notable but may be cyclical, and the Debt/Equity ratio of 1.16 indicates a leveraged balance sheet. For a value investor, Amphenol represents a well-run company worth understanding, but the current price does not provide the discount required for a favourable entry point. Analysis based on data as of 2024-05-15.
Market Cap$156.68B
Current Price$128.00
P/E Ratio36.69
Forward P/E—
PEG Ratio0.60
EPS$3.34
Book Value$10.96
P/B Ratio11.68
APH Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use 23.9% FCF growth (CAGR)
Cash vs Debt
Net Debt: 4.1B
Revenue
8.2B
FY19
8.6B
FY20
10.9B
FY21
12.6B
FY22
12.6B
FY23
15.2B
FY24
23.1B
FY25
Net Income
1.2B
FY19
1.2B
FY20
1.6B
FY21
1.9B
FY22
1.9B
FY23
2.4B
FY24
4.3B
FY25
APH 52-Week Range
$59.65
$165.93
50-Day MA: $138.77200-Day MA: $126.01
Did you know?
Pays a 0.51% dividend yield.
Amphenol Corp - Class A (APH) Financial Summary
Amphenol Corp - Class A (APH) is a Technology company in the Electronic Components industry, listed on NYSE. The stock currently trades at $128.00 with a market capitalization of $156.68B.
Key valuation metrics include a P/E ratio of 36.69, price-to-book ratio of 11.68, and EPS of $3.34. The company reports a profit margin of 18.5% and return on equity of 31.8%.
APH Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $156.68B |
| P/E Ratio | 36.69 |
| EPS | $3.34 |
| P/B Ratio | 11.68 |
| P/S Ratio | 6.78 |
| EV/EBITDA | 23.45 |
| Dividend Yield | 0.51% |
| Profit Margin | 18.5% |
| Return on Equity | 31.8% |
| Debt/Equity | 1.16 |
APH Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $8.23B | $1.16B |
| FY20 | $8.60B | $1.20B |
| FY21 | $10.88B | $1.59B |
| FY22 | $12.62B | $1.90B |
| FY23 | $12.55B | $1.93B |
| FY24 | $15.22B | $2.42B |
| FY25 | $23.09B | $4.27B |
Amphenol Corp - Class A (APH) Valuation
Based on GoodMoat's DCF model, Amphenol Corp - Class A has a fair value estimate of $129.88. At the current price of $128.00, the stock appears 1.4% undervalued relative to our intrinsic value estimate.
APH Quality Indicators
Amphenol Corp - Class A maintains a profit margin of 18.5% and an operating margin of 25.4%. Return on equity stands at 31.8%. The current ratio is 2.98. Debt-to-equity ratio is 1.16.
About Amphenol Corp - Class A
Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in approximately 40 countries around the world and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. Amphenol has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Commercial Aerospace, Communications Networks, Defense, Industrial, Information Technology and Data Communications and Mobile Devices.
APH Free Cash Flow
Amphenol Corp - Class A generated $4.39B in trailing twelve-month free cash flow, representing an FCF yield of 2.80%. This moderate FCF yield indicates reasonable cash generation.
APH Shares Outstanding
Amphenol Corp - Class A has 1.22 billion shares outstanding at a share price of $128.00, giving it a market capitalization of $156.68B.
APH Recent Insider Trades
Recent insider transactions at Amphenol Corp - Class A include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Lampo Craig A (Executive VP & CFO) | SELL | 100,000 | $15.00M |
| D'AMICO LANCE E (See Remarks) | SELL | 50,000 | $7.49M |
| NORWITT RICHARD ADAM (President & CEO) | SELL | 515,281 | $75.88M |