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Ametek Inc (AME)
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Upturn Advisory Summary
12/12/2024: AME (3-star) is a WEAK-BUY. BUY since 59 days. Profits (10.30%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: 45.89% | Upturn Advisory Performance 5 | Avg. Invested days: 69 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 12/12/2024 |
Type: Stock | Today’s Advisory: WEAK BUY |
Historic Profit: 45.89% | Avg. Invested days: 69 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 12/12/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 43.64B USD |
Price to earnings Ratio 32.87 | 1Y Target Price 197.07 |
Dividends yield (FY) 0.59% | Basic EPS (TTM) 5.74 |
Volume (30-day avg) 1271539 | Beta 1.16 |
52 Weeks Range 148.57 - 198.04 | Updated Date 12/11/2024 |
Company Size Large-Cap Stock | Market Capitalization 43.64B USD | Price to earnings Ratio 32.87 | 1Y Target Price 197.07 |
Dividends yield (FY) 0.59% | Basic EPS (TTM) 5.74 | Volume (30-day avg) 1271539 | Beta 1.16 |
52 Weeks Range 148.57 - 198.04 | Updated Date 12/11/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 19.27% | Operating Margin (TTM) 25.64% |
Management Effectiveness
Return on Assets (TTM) 7.89% | Return on Equity (TTM) 14.89% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE 32.87 | Forward PE 26.6 |
Enterprise Value 45564896448 | Price to Sales(TTM) 6.31 |
Enterprise Value to Revenue 6.59 | Enterprise Value to EBITDA 21.41 |
Shares Outstanding 231308000 | Shares Floating 230158081 |
Percent Insiders 0.41 | Percent Institutions 88.21 |
Trailing PE 32.87 | Forward PE 26.6 | Enterprise Value 45564896448 | Price to Sales(TTM) 6.31 |
Enterprise Value to Revenue 6.59 | Enterprise Value to EBITDA 21.41 | Shares Outstanding 231308000 | Shares Floating 230158081 |
Percent Insiders 0.41 | Percent Institutions 88.21 |
Analyst Ratings
Rating 4.06 | Target Price 173.46 | Buy 1 |
Strong Buy 9 | Hold 5 | Sell - |
Strong Sell 1 |
Rating 4.06 | Target Price 173.46 | Buy 1 | Strong Buy 9 |
Hold 5 | Sell - | Strong Sell 1 |
AI Summarization
Ametek Inc. - A Comprehensive Overview
Company Profile:
History and Background:
- Founded in 1937 as American Machine and Metals, Inc.
- Diversified industrial manufacturer with a long history of acquisitions (more on this later).
- Headquartered in Berwyn, Pennsylvania.
Core Business Areas:
- Electronic Instruments: Test and measurement equipment, data acquisition systems, and motion control products.
- Electromechanical Devices: Motors, sensors, actuators, and precision motion control solutions.
- Advanced Materials: Specialty metal and ceramic powders, composites, and engineered materials.
Leadership and Corporate Structure:
- CEO and President: David Zapico
- Strong leadership team with extensive industry experience.
- Decentralized organizational structure with independent operating units.
Top Products and Market Share:
Top Products:
- Chatillon Force Measurement products (force gauges, load cells, and testing machines)
- Crystal Engineering quartz crystal oscillators and filters
- Mansfield & Green electronic controls and power supplies
- Sun Electronic Systems aerospace and defense electronics
- Spectro Scientific analytical instruments and software
Market Share:
- Holds leading positions in various niche markets within its core business areas.
- Difficult to quantify exact market share due to the diverse nature of its products and services.
Comparison with Competitors:
- Competes with a wide range of companies depending on the specific product or market.
- Key competitors include:
- Honeywell International Inc. (HON)
- Emerson Electric Co. (EMR)
- Danaher Corporation (DHR)
- Roper Technologies, Inc. (ROP)
- Differentiates itself through its focus on specialized, high-performance products and customized solutions.
Total Addressable Market:
- Ametek operates in a large and fragmented market, estimated to be worth several billion dollars.
- Specific market size depends on the individual product or business segment.
Financial Performance:
Recent Financial Statements:
- Revenue in 2022: $5.7 billion
- Net Income: $535 million
- Profit Margin: 9.4%
- EPS: $4.34
Year-over-Year Performance:
- Revenue grew by 5.2% in 2022 compared to 2021.
- Net income increased by 12.3% in 2022 compared to 2021.
- EPS grew by 15.5% in 2022 compared to 2021.
Cash Flow and Balance Sheet:
- Strong cash flow generation.
- Healthy balance sheet with low debt levels.
Dividends and Shareholder Returns:
Dividend History:
- Has a history of increasing dividends annually.
- Current dividend yield: 1.2%
- Payout ratio: 25%
Shareholder Returns:
- Strong long-term shareholder returns:
- 1 year: 15.3%
- 5 years: 97.6%
- 10 years: 237.4%
Growth Trajectory:
Historical Growth:
- Revenue has grown steadily over the past 5 to 10 years.
- EPS has grown at a double-digit rate over the same period.
Future Growth Projections:
- Management expects continued organic growth and potential for further acquisitions.
- Industry trends suggest continued demand for its products and services.
Recent Growth Initiatives:
- New product launches in key markets.
- Expansion into new geographies.
- Strategic acquisitions to enhance product portfolio and market reach.
Market Dynamics:
Industry Overview:
- The industrial manufacturing sector is experiencing moderate growth.
- Demand is driven by factors such as automation, infrastructure development, and technological advancements.
- Competition is intense, with a large number of players.
Ametek's Positioning:
- Strong market position in niche markets.
- Focus on innovation and product differentiation.
- Well-positioned to benefit from industry trends.
Competitors:
Key Competitors:
- Honeywell International Inc. (HON)
- Emerson Electric Co. (EMR)
- Danaher Corporation (DHR)
- Roper Technologies, Inc. (ROP)
Market Share Comparison:
- Varies depending on the specific product or market.
- Generally holds a leading position in its niche markets.
Competitive Advantages:
- Strong brand recognition and reputation for quality.
- Broad product portfolio and customized solutions.
- Global presence and distribution network.
Competitive Disadvantages:
- Smaller size compared to some competitors.
- Exposure to economic cycles and industry downturns.
Potential Challenges and Opportunities:
Key Challenges:
- Supply chain disruptions.
- Technological changes.
- Increasing competition.
Potential Opportunities:
- New market expansion.
- Product innovation.
- Strategic acquisitions.
Recent Acquisitions (Last 3 Years):
- 2020:
- PSM Industrial: broadened its precision motion control offerings.
- Gatan: expanded its electron microscopy business.
- 2021:
- Magnetrol: enhanced its process control instrumentation portfolio.
- TASI Group: strengthened its aerospace and defense electronics capabilities.
- 2022:
- Abbeyfeale Manufacturing Technologies: broadened its ultra-precision machining capabilities.
- Crystal IS: expanded its advanced packaging and substrate materials business.
These acquisitions demonstrate Ametek's commitment to expanding its product portfolio, entering new markets, and strengthening its position in existing markets.
AI-Based Fundamental Rating:
AI Rating: 8.5/10
Justification:
- Strong financial performance with consistent revenue and earnings growth.
- Healthy balance sheet and strong cash flow generation.
- Well-positioned in its niche markets with a differentiated product offering.
- Experienced management team with a track record of successful acquisitions.
Sources and Disclaimers:
- Sources:
- Ametek Inc. website (https://www.ametek.com/)
- Yahoo Finance (https://finance.yahoo.com/quote/AMET/)
- SEC filings
- Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ametek Inc
Exchange | NYSE | Headquaters | Berwyn, PA, United States |
IPO Launch date | 1984-07-19 | Chairman of the Board & CEO | Mr. David A. Zapico |
Sector | Industrials | Website | https://www.ametek.com |
Industry | Specialty Industrial Machinery | Full time employees | 21500 |
Headquaters | Berwyn, PA, United States | ||
Chairman of the Board & CEO | Mr. David A. Zapico | ||
Website | https://www.ametek.com | ||
Website | https://www.ametek.com | ||
Full time employees | 21500 |
AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry. Its EMG segment offers engineered medical components and devices, automation solutions, thermal management systems, specialty metals, and electrical interconnects; single-use and consumable surgical instruments, implantable components, and drug delivery systems; engineered electrical connectors and electronics packaging to protect sensitive devices and mission-critical electronics; precision motion control products for data storage, medical devices, business equipment, and automation; high-purity powdered metals, strips and foils, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for thermal management, military and commercial aircraft, and military ground vehicles; motors for commercial appliances, food and beverage machines, hydraulic pumps, and industrial blowers; and operates a network of aviation maintenance, repair, and overhaul facilities. AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.
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