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APH Amphenol Corporation - Fundamental Analysis

BULLISH
APH Stock | Fundamental Analysis & Investment Insights
NYSE Technology Electronic Components
Current Price
$133.74
Analyst Target
$148.12
+10.8% Upside
52W High
$144.37
52W Low
$56.45

AI Analysis

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Confidence Score
92%
Analysis Accuracy
Amphenol Corporation (APH) exhibits exceptional operational execution and profitability, underpinned by robust double-digit revenue and earnings growth, significantly outpacing sector averages. Despite elevated valuation multiples, the company's consistent earnings beat streak—24 of 25 quarters—and superior return metrics (ROE of 34.81%, ROA of 14.03%) validate its premium pricing. Strong price momentum (1Y return: +85.8%, 5Y: +343.8%) reflects sustained investor confidence amid favorable exposure to high-growth end markets like data centers and industrial automation. While insider selling raises a cautionary note, analyst consensus remains constructive with a $148.12 target implying 10.7% upside, and the firm maintains a fortress balance sheet with disciplined capital allocation.

Key Strengths

Exceptional profitability: ROE of 34.81% and operating margin of 27.48% significantly exceed sector averages (avg ROE: 26.77%, avg op margin ~18%)
Outstanding earnings consistency: 24 out of 25 quarters beat EPS estimates, with an average surprise of 21.95% over the last four quarters
Explosive growth trajectory: 53.40% YoY revenue growth and 102.10% YoY earnings growth far surpass sector averages (19.46% and ~15%)
Superior capital efficiency: ROIC implied to be strong given high ROE and moderate leverage, supported by durable gross margins near 36%
Healthy financial position: Debt/Equity of 0.64 is manageable, and current ratio of 2.07 indicates solid short-term liquidity

Key Risks

Rich valuation: Forward P/E of 61.92 is elevated even within a high-multiple tech sector (avg P/E: 155.76), leaving limited margin for error
Insider selling pressure: $180.38M in insider sales over the past six months, including CFO and officers, signals potential lack of confidence at the top
Limited free cash flow visibility: Missing FCF and OCF data reduces transparency into cash generation quality and reinvestment capacity
High earnings volatility: Recent growth rates are exceptionally high and may not be sustainable long-term, increasing risk of multiple contraction
Concentration risk: Heavy exposure to cyclical end markets (e.g., data centers, industrial) could expose APH to macro-driven demand swings
AI Fair Value Estimate
Based on comprehensive analysis
$148.0
+10.7% above current price

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