Amphenol (APH) AI Stock Analysis

• Market Cap: $104.52B
• Dividend Yield: 0.7%
• Average Volume (3M): 8.79M
• Price to Earnings (P/E): 41.9
• Beta (1Y): 1.60
• Revenue Growth: 30.70%
• EPS Growth: 27.09%
• Country: US
• Employees: 125,000
• Sector: Technology
• Sector Strength: 76
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.63
• Shares Outstanding: 1,209,599,100
• 10 Day Avg. Volume: 7,554,991
• 30 Day Avg. Volume: 8,786,621
• PEG Ratio: 4.97
• Price to Book (P/B): 9.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 44.00
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 1.73
• Enterprise Value/Gross Profit: 18.15
• Enterprise Value/Ebitda: 6.99
• 1Y Price Target: $85.50
• Price Target Upside: -0.22% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 81 Outperform
• Price Target: ―

Amphenol's strong financial performance, robust earnings call, and positive technical indicators support a solid stock score. The company's strategic acquisitions and diversified market presence further enhance its outlook. However, the high P/E ratio suggests potential overvaluation risks, offsetting some of the strengths.

Positive Factors

AI Business Growth

Amphenol's AI business is estimated to grow nearly 200%, multiples higher than the related businesses of key customers.

Revenue and Orders

Amphenol managed to calm down investor worries around AI with an earnings report highlighting record orders in excess of $5 billion, helped by AI orders.

Strategic Acquisitions

The acquisition of Lifesync Corp is expected to generate significant sales, providing interconnect products for medical applications.

Negative Factors

Competitive Pressures

Comps are getting increasingly challenging, indicating rising competitive pressures.

Sector Performance

Neutral rating is reiterated due to expected muted trends in industrial and automotive sectors.

Technological Risks

Analyst expects near-term trends to be muted in industrial & auto offset by strength in IT datacom where there continues to be risk of technological displacement.

Amphenol Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Amphenol makes money through the design, manufacture, and sale of high-performance interconnect and sensor products across diverse end markets. The company's revenue model is primarily driven by the sale of its products to original equipment manufacturers (OEMs), contract manufacturers, and distributors worldwide. Key revenue streams include sales within the automotive, broadband communications, and industrial sectors, which account for significant portions of its overall earnings. Amphenol also leverages strategic partnerships and acquisitions to expand its product offerings and market reach, contributing to its financial performance. The company's focus on innovation and customization allows it to meet specific customer needs, maintaining its competitive edge and sustaining revenue growth.

Amphenol Financial Statement Overview

Summary

Amphenol presents a robust financial profile with strong revenue growth, profitability, and efficient cash flow management. The balance sheet is healthy with low leverage and high returns on equity, though future flexibility could be constrained by low debt. Overall, the company is well-positioned in its industry with effective capital management and sustained growth trajectory.

Income Statement

Amphenol's income statement indicates strong profitability with a consistent increase in revenue and net income over the years. The TTM data shows a gross profit margin of 33.93% and a net profit margin of 15.57%, which are solid figures in the industry. EBIT and EBITDA margins are also healthy at 21.26% and 23.90% respectively. The revenue growth rate from the previous year is 10.19%, pointing to robust business expansion.

Balance Sheet

The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.034, indicating low financial leverage. The return on equity is impressive at 25.37%, suggesting efficient use of equity capital. The equity ratio stands at 44.97%, showcasing a stable financial structure. Despite the strong equity position, the low debt levels could imply limited financial flexibility.

Cash Flow

Amphenol's cash flow statement reveals strong cash generation capabilities. The operating cash flow to net income ratio is 1.14, and the free cash flow to net income ratio is 0.85, indicating efficient conversion of earnings to cash. However, the free cash flow growth rate has declined, which could be a point of concern if it continues.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
16.78B	15.22B	12.55B	12.62B	10.88B	8.60B
	Gross Profit
5.69B	5.14B	4.08B	4.03B	3.40B	2.66B
	EBIT
3.57B	3.16B	2.56B	2.59B	2.11B	1.64B
	EBITDA
4.26B	3.80B	3.00B	2.99B	2.50B	1.95B
	Net Income Common Stockholders
2.61B	2.42B	1.93B	1.90B	1.59B	1.20B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.96B	3.34B	1.66B	1.43B	1.24B	1.74B
	Total Assets
16.72B	21.44B	16.53B	15.33B	14.68B	12.33B
	Total Debt
4.31B	6.89B	4.34B	4.58B	4.80B	3.87B
	Net Debt
2.45B	3.57B	2.86B	3.20B	3.60B	2.16B
	Total Liabilities
7.96B	11.58B	8.10B	8.23B	8.30B	6.88B
	Stockholders Equity
8.68B	9.79B	8.35B	7.02B	6.30B	5.38B
Cash Flow		Free Cash Flow
2.22B	2.15B	2.16B	1.79B	1.18B	1.32B
	Operating Cash Flow
2.98B	2.81B	2.53B	2.17B	1.54B	1.59B
	Investing Cash Flow
-4.98B	-2.65B	-1.39B	-731.10M	-1.89B	-333.50M
	Financing Cash Flow
1.81B	1.73B	-1.01B	-1.20B	-145.20M	-516.60M

Amphenol Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 85.69
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APH, the sentiment is Positive. The current price of 85.69 is above the 20-day moving average (MA) of 81.50, above the 50-day MA of 71.71, and above the 200-day MA of 68.79, indicating a bullish trend. The MACD of 4.52 indicates Negative momentum. The RSI at 73.53 is Negative, neither overbought nor oversold. The STOCH value of 86.96 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APH.

Amphenol Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
APH	81 Outperform	$104.52B	41.87	27.53%	0.70%	30.70%	27.09%
KEYS	78 Outperform	$28.13B	38.12	14.30%	―	-1.16%	-7.04%
GRMN	77 Outperform	$39.45B	26.99	19.04%	1.47%	18.08%	7.28%
TEL	76 Outperform	$48.30B	35.70	11.33%	1.60%	1.23%	-58.22%
FTV	72 Outperform	$24.68B	31.88	7.70%	0.44%	0.85%	-10.01%
GLW	69 Neutral	$41.09B	91.81	4.14%	2.33%	9.77%	-26.50%
Sector *	60 Neutral	$11.56B	10.24	-7.04%	2.94%	7.46%	-10.54%

Amphenol Corporate Events

Amphenol Increases Authorized Shares to 5 Billion

On May 15, 2025, Amphenol Corporation’s stockholders approved an amendment to increase the number of authorized shares of Class A Common Stock from 2 billion to 5 billion. This amendment became effective upon filing with the Secretary of State of Delaware on the same day. During the annual meeting, stockholders also elected directors, ratified Deloitte & Touche LLP as independent accountants, approved executive compensation, and rejected a proposal for special shareholder meeting improvements.

The most recent analyst rating on (APH) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Appoints New Principal Accounting Officer

On May 8, 2025, Amphenol Corporation appointed Michael R. Ivas as the principal accounting officer, succeeding Craig A. Lampo, who remains the Chief Financial Officer. Mr. Ivas, who has been with the company since 2001, brings extensive experience from his previous roles within Amphenol and his earlier career at PricewaterhouseCoopers, enhancing the company’s financial leadership.

The most recent analyst rating on (APH) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.