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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, high-speed, fiber optic and specialty cable. The Company estimates, based on recent reports of industry analysts, that worldwide sales of interconnect, value-add c…
$124.86
+$1.81 (+1.47%)
Price from 13 days ago
Margins and capital returns are both well above average: 25.41% operating margin, ROIC at 19.65%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 51.7% YoY with margins expanding 4.7pp.
At 36x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
35.9x earnings, 34.8x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$25.90B
▲ +51.7% YoY
Net Income (TTM)
$4.47B
▲ +76.2% YoY
Op. Margin
25.77%
▲ +4.7pp YoY
ROIC
19.13%
▲ +2.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$4.63B
▲ +103.7% YoY
Op. Cash Flow (TTM)
$5.73B
▲ +91.0% YoY
Net Debt
$14.17B
Cash & Equiv.
$4.58B
5Y CAGR: +21.8%
5Y CAGR: +27.2%
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