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DCF Valuation
Base-case fair value
$127.72
Intrinsic $170.30 · 25% MOS
Current price: $124.86
Base-case summary
Our base-case DCF for Amphenol Corp (APH) projects 10 years of free cash flow growth at 20.0% for years 1–5 and 10.0% for years 6–10, anchored to 31.5% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $4.6B in trailing free cash flow, this produces an intrinsic value of $170.30 per share. A 25% safety margin gives a fair value of $127.72, suggesting the stock is currently 2% undervalued against the $124.86 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$4.6B
Cash & equivalents
$4.6B
Total debt
$18.7B
Shares outstanding
1.3B