Amphenol Corp Stock Research

Market Summary

USD81.72+1.06

Delayed

1.31%

APH Stock Price

APH RSI Chart

APH Valuation

Market Cap

48.6B

Price/Earnings (Trailing)

25.55

Price/Sales (Trailing)

3.85

EV/EBITDA

17.33

Price/Free Cashflow

27.14

APH Price/Sales (Trailing)

APH Profitability

Operating Margin

31.91%

EBT Margin

19.55%

Return on Equity

27.12%

Return on Assets

12.41%

Free Cashflow Yield

3.68%

APH Fundamentals

APH Revenue

Revenue (TTM)

12.6B

Revenue Y/Y

7.02%

Revenue Q/Q

-1.7%

APH Earnings

Earnings (TTM)

1.9B

Earnings Y/Y

9.14%

Earnings Q/Q

2.19%

Price Action

52 Week Range

61.1782.41

(Low)(High)

Last 7 days

4.0%

Last 30 days

5.5%

Last 90 days

7.6%

Trailing 12 Months

9.7%

APH Financial Health

Current Ratio

2.42

Debt/Equity

0.65

Debt/Cashflow

0.48

APH Investor Care

Dividend Yield

0.99%

Dividend/Share (TTM)

0.81

Buy Backs (1Y)

0.72%

Diluted EPS (TTM)

3.06

Peers (Alternatives to Amphenol)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
APH	48.6B	12.6B	5.45%	9.70%	25.55	3.85	16.06%	19.58%
KEYS	33.7B	5.4B	2.77%	2.22%	30.02	6.23	9.69%	25.73%
ZBRA	14.9B	5.8B	5.18%	-23.13%	30.01	2.57	2.74%	-44.68%
TRMB	12.9B	3.7B	0.17%	-27.34%	28.78	3.52	0.47%	-8.73%
JBL	11.8B	34.5B	4.72%	42.82%	12.1	0.34	15.08%	32.70%
MID-CAP
FLEX	10.4B	29.7B	1.05%	24.04%	12.69	0.35	16.75%	-18.83%
DLB	8.2B	1.2B	3.90%	9.20%	44.66	6.62	-0.48%	-28.07%
IPGP	5.9B	1.4B	-1.07%	12.35%	54.01	4.15	-2.14%	-60.52%
IIVI	5.1B	4.4B	-21.15%	-32.16%	570.37	1.14	38.72%	-97.10%
SMALL-CAP
MEI	1.5B	1.2B	-11.19%	2.59%	15.83	1.29	-0.75%	-27.24%
TTMI	1.4B	2.5B	-0.15%	-8.97%	14.22	0.56	13.87%	14.08%
MVIS	438.8M	-	13.14%	-42.83%	-8.27	0.22	-14.17%	-22.90%
MICT	115.7M	51.2M	-15.81%	40.30%	-2.9	2.26	25.97%	-8.50%
RFIL	45.3M	86.7M	-10.57%	-38.97%	80.43	0.52	34.72%	-91.07%
LGL	22.9M	31.5M	-7.16%	-60.91%	-1.13	0.73	11.26%	-163.87%

Financials for Amphenol

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	1.7%	12,623	12,411	11,934	11,451	10,876
Gross Profit	2.4%	4,028	3,932	3,762	3,601	3,402
S&GA Expenses	2.0%	1,421	1,392	1,344	1,300	1,226
R&D Expenses	-	318	-	-	-	-
EBITDA	2.2%	2,989	2,925	2,805	2,642	-
EBITDA Margin	0.5%	0.24*	0.24*	0.24*	0.23*	-
Earnings Before Taxes	2.9%	2,467	2,399	2,290	2,117	1,989
EBT Margin	1.1%	0.20*	0.19*	0.19*	0.18*	-
Interest Expenses	6.8%	128	120	116	115	116
Net Income	2.3%	1,902	1,860	1,790	1,687	1,591
Net Income Margin	0.6%	0.15*	0.15*	0.15*	0.15*	-
Free Cahsflow	14.5%	1,791	1,564	1,378	1,210	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	1.5%	15,326	15,098	14,986	14,874	14,678
Current Assets	2.4%	6,479	6,327	6,311	6,109	5,958
Cash Equivalents	15.5%	1,373	1,189	1,215	1,248	1,197
Inventory	0.6%	2,094	2,080	2,044	1,990	1,894
Net PPE	3.2%	1,204	1,167	1,155	1,175	1,175
Goodwill	1.7%	6,446	6,338	6,275	6,349	6,377
Liabilities	-2.6%	8,232	8,449	8,444	8,370	8,299
Current Liabilities	0.8%	2,676	2,655	2,581	2,397	2,447
Long Term Debt	-3.7%	4,575	4,750	4,834	4,909	4,796
Shareholder's Equity	6.8%	7,016	6,571	6,522	6,484	6,302
Retained Earnings	4.3%	4,979	4,775	4,554	4,392	4,279
Additional Paid-In Capital	3.3%	2,650	2,565	2,478	2,439	2,409
Accumulated Depreciation	-4.4%	1,904	1,992	2,007	1,962	-
Shares Outstanding	-0.1%	595	595	596	598	599
Minority Interest	0.2%	58.00	58.00	58.00	58.00	58.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	12.1%	2,175	1,940	1,725	1,570	1,540
Share Based Compensation	2.9%	90.00	87.00	85.00	84.00	83.00
Cashflow From Investing	-1.1%	-731	-723	-540	-1,768	-1,887
Cashflow From Financing	6.9%	-1,196	-1,285	-1,204	-882	-145
Dividend Payments	7.3%	477	445	413	380	347
Buy Backs	0.0%	731	731	732	713	662

Risks for APH

What is the probability of a big loss on APH?

48.9%

Probability that Amphenol stock will be more than 20% underwater in next one year

18.5%

Probability that Amphenol stock will be more than 30% underwater in next one year.

Probability that Amphenol stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does APH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Amphenol was unfortunately bought at previous high price.

Drawdowns

Returns for APH

Cumulative Returns on APH

17.2%

10-Year Cumulative Returns

17.0%

7-Year Cumulative Returns

14.8%

5-Year Cumulative Returns

32.2%

3-Year Cumulative Returns

What are the long-term rolling returns for APH?

FIve years rolling returns for Amphenol.

Annualized Returns

Which funds bought or sold APH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-24	PALISADE CAPITAL MANAGEMENT, LP	reduced	-4.3	2,707,710	33,393,700	0.90%
2023-03-23	MetLife Investment Management, LLC	reduced	-1.83	1,370,190	13,156,200	0.10%
2023-03-17	American Portfolios Advisors	reduced	-13.6	-43,040	381,739	0.02%
2023-03-15	B. Riley Wealth Advisors, Inc.	added	31.38	1,525,600	4,598,600	0.13%
2023-03-13	Claro Advisors LLC	new	-	450,369	450,369	0.15%
2023-03-10	MATHER GROUP, LLC.	new	-	221,868	221,868	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	0.27	60,267,200	490,301,000	0.54%
2023-03-08	Capital Asset Advisory Services LLC	reduced	-30.32	-150,582	647,418	0.05%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	4.59	1,379,280	8,668,280	0.54%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-2.13	142,000	1,389,000	0.01%

Latest Funds Activity

Are funds buying APH calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own APH

No. of Funds

Amphenol News

Schedule 13G FIlings of Amphenol

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	12.00%	71,419,682	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Jan 31, 2023	blackrock inc.	7.6%	45,350,959	SC 13G/A
Feb 09, 2022	vanguard group inc	10.82%	64,683,170	SC 13G/A
Feb 09, 2022	fmr llc	-	0	SC 13G/A
Feb 01, 2022	blackrock inc.	7.2%	43,230,385	SC 13G/A
Feb 10, 2021	vanguard group inc	10.79%	32,293,544	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G/A
Jan 29, 2021	blackrock inc.	7.6%	22,854,479	SC 13G/A
Sep 10, 2020	fmr llc	-	0	SC 13G/A

APH Fair Value

Amphenol fair value in different scenarios

The table shows the Fair Value estimates for Amphenol for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	55.42 -32.18%	74.25 -9.14%	105.82 29.49%	141.60 73.27%	164.80 101.66%
Current Inflation	50.66 -38.01%	66.74 -18.33%	93.13 13.96%	122.84 50.32%	142.03 73.80%
Very High Inflation	44.84 -45.13%	57.74 -29.34%	78.30 -4.19%	101.26 23.91%	116.04 42.00%

Historical Amphenol Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Amphenol

View All Filings

Date Filed	Form Type	Document
Mar 30, 2023	8-K	Current Report
Mar 28, 2023	424B5	Prospectus Filed
Mar 28, 2023	8-K	Current Report
Mar 27, 2023	424B3	Prospectus Filed
Mar 27, 2023	FWP	Prospectus Filed
Mar 16, 2023	S-3ASR	S-3ASR
Feb 10, 2023	4	Insider Trading
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 08, 2023	10-K	Annual Report

Latest Insider Trading transactions for APH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-09	Gavelle Jean-Luc	acquired	5,454,890	42.0253	129,800	president, iss division
2023-02-09	Gavelle Jean-Luc	sold	-10,596,200	81.6351	-129,800	president, iss division
2023-02-03	NORWITT RICHARD ADAM	acquired	18,843,500	28.99	650,000	president & ceo
2023-02-03	NORWITT RICHARD ADAM	sold	-53,115,800	81.7166	-650,000	president & ceo
2023-02-03	D'AMICO LANCE E	sold	-2,054,730	82.1891	-25,000	sr. vp, secretary & gencounsel
2023-02-03	D'AMICO LANCE E	acquired	911,250	36.45	25,000	sr. vp, secretary & gencounsel
2023-01-12	Singh Prahlad R.	acquired	62,131	80.9	768	-
2022-11-22	Silverman David M	acquired	2,173,500	28.98	75,000	senior vp, human resources
2022-11-22	Silverman David M	sold	-6,001,520	80.0203	-75,000	senior vp, human resources
2022-11-11	Doherty William J	sold	-10,137,500	79.8228	-127,000	president, cs division

About Amphenol

Richard A. Norwitt

www.amphenol.com

65535

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. The company offers connectors and connector systems, including harsh environment data, power, high-speed, fiber optic, and radio frequency interconnect products; busbars and power distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; other products comprising flexible and rigid printed circuit boards, hinges, other mechanical, and production related products. In addition, the company offers consumer device, network infrastructure, and other antennas; coaxial, power, and specialty cables; and sensors and sensor-based products. It 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.

APH Income Statement

2022-09-30

Condensed Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Condensed Consolidated Statements of Income
Net sales	$ 3,295.2	$ 2,818.5	$ 9,383.8	$ 7,849.5
Cost of sales	2,235.2	1,928.6	6,393.1	5,388.9
Gross profit	1,060.0	889.9	2,990.7	2,460.6
Acquisition-related expenses	12.0	0.0	12.0	55.4
Selling, general and administrative expenses	366.9	318.7	1,059.0	893.0
Operating income	681.1	571.2	1,919.7	1,512.2
Interest expense	(32.8)	(29.0)	(91.3)	(86.7)
Other income (expense), net	2.6	0.0	6.6	(0.3)
Income from continuing operations before income taxes	650.9	542.2	1,835.0	1,425.2
Provision for income taxes	(150.4)	(120.5)	(429.2)	(302.8)
Net income from continuing operations	500.5	421.7	1,405.8	1,122.4
Less: Net income from continuing operations attributable to noncontrolling interests	(3.9)	(2.9)	(11.0)	(6.9)
Net income from continuing operations attributable to Amphenol Corporation	496.6	418.8	1,394.8	1,115.5
Income from discontinued operations attributable to Amphenol Corporation, net of income taxes of ($1.5) and ($1.8) for 2021, respectively	0.0	7.7	0.0	10.3
Net income attributable to Amphenol Corporation	$ 496.6	$ 426.5	$ 1,394.8	$ 1,125.8
Net income per common share attributable to Amphenol Corporation - Basic, Continuing operations (in dollars per share)	$ 0.83	$ 0.70	$ 2.34	$ 1.87
Net income per common share attributable to Amphenol Corporation - Basic, Discontinued operations, net of income taxes (in dollars per share)	0	0.01	0	0.02
Net income per common share attributable to Amphenol Corporation - Basic (in dollars per share)	$ 0.83	$ 0.71	$ 2.34	$ 1.88
Weighted average common shares outstanding - Basic (in shares)	595.3	597.7	596.6	597.8
Net income per common share attributable to Amphenol Corporation - Diluted, Continuing operations (in dollars per share)	$ 0.80	$ 0.67	$ 2.24	$ 1.79
Net income per common share attributable to Amphenol Corporation - Diluted, Discontinued operations, net of income taxes (in dollars per share)	0	0.01	0	0.02
Net income per common share attributable to Amphenol Corporation - Diluted (in dollars per share)	$ 0.80	$ 0.68	$ 2.24	$ 1.80
Weighted average common shares outstanding - Diluted (in shares)	619.3	625.8	621.5	624.6

APH Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 1,189.0	$ 1,197.1
Short-term investments	63.0	44.3
Total cash, cash equivalents and short-term investments	1,252.0	1,241.4
Accounts receivable, less allowance for doubtful accounts of $55.6 and $43.5, respectively	2,640.1	2,454.8
Inventories	2,080.1	1,894.1
Prepaid expenses and other current assets	354.7	367.9
Total current assets	6,326.9	5,958.2
Property, plant and equipment, less accumulated depreciation of $1,904.1 and $1,961.6, respectively	1,166.9	1,175.3
Goodwill	6,337.5	6,376.8
Other intangible assets, net	753.8	756.9
Other long-term assets	512.8	411.2
Total assets	15,097.9	14,678.4
Current Liabilities:
Accounts payable	1,393.6	1,312.0
Accrued salaries, wages and employee benefits	369.0	366.2
Accrued income taxes	124.5	88.8
Accrued dividends	119.0	119.8
Other accrued expenses	645.9	556.3
Current portion of long-term debt	2.9	4.0
Total current liabilities	2,654.9	2,447.1
Long-term debt, less current portion	4,750.3	4,795.9
Accrued pension and postretirement benefit obligations	165.3	193.4
Deferred income taxes	442.4	424.2
Other long-term liabilities	436.1	438.7
Total Liabilities	8,449.0	8,299.3
Redeemable noncontrolling interest	20.2	19.0
Equity:
Common stock	0.6	0.6
Additional paid-in capital	2,565.1	2,409.0
Retained earnings	4,775.1	4,278.9
Treasury stock, at cost	(97.5)	(100.0)
Accumulated other comprehensive loss	(672.4)	(286.5)
Total stockholders' equity attributable to Amphenol Corporation	6,570.9	6,302.0
Noncontrolling interests	57.8	58.1
Total equity	6,628.7	6,360.1
Total Liabilities, Redeemable Noncontrolling Interest and Equity	$ 15,097.9	$ 14,678.4