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AMETEK

DB:AK1
Snowflake Description

Acceptable track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AK1
DB
$17B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. The last earnings update was 40 days ago. More info.


Add to Portfolio Compare Print
  • AMETEK has significant price volatility in the past 3 months.
AK1 Share Price and Events
7 Day Returns
20.3%
DB:AK1
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
-
DB:AK1
-8.2%
DE Electrical
-17.5%
DE Market
AK1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
AMETEK (AK1) 20.3% -15.7% -25% - 33.3% 38%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • No trading data on AK1.
  • No trading data on AK1.
Price Volatility
AK1
Industry
5yr Volatility vs Market

Value

 Is AMETEK undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of AMETEK to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for AMETEK.

DB:AK1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AK1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (17.9%))
1.185
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.185 * 5.44%)
6.06%

Discounted Cash Flow Calculation for DB:AK1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for AMETEK is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AK1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.06%)
2020 980.79 Analyst x9 924.77
2021 1,017.49 Analyst x8 904.57
2022 1,140.00 Analyst x1 955.60
2023 1,168.90 Est @ 2.53% 923.86
2024 1,188.27 Est @ 1.66% 885.52
2025 1,200.66 Est @ 1.04% 843.65
2026 1,208.02 Est @ 0.61% 800.34
2027 1,211.80 Est @ 0.31% 756.98
2028 1,213.03 Est @ 0.1% 714.47
2029 1,212.47 Est @ -0.05% 673.35
Present value of next 10 years cash flows $8,383.00
DB:AK1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $1,212.47 × (1 + -0.39%) ÷ (6.06% – -0.39%)
$18,730.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $18,730.83 ÷ (1 + 6.06%)10
$10,402.26
DB:AK1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $8,383.00 + $10,402.26
$18,785.26
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $18,785.26 / 229.19
$81.96
DB:AK1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AK1 represents 0.92526x of NYSE:AME
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92526x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 81.96 x 0.92526
€75.84
Value per share (EUR) From above. €75.84
Current discount Discount to share price of €66.60
= -1 x (€66.60 - €75.84) / €75.84
12.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price AMETEK is available for.
Intrinsic value
12%
Share price is €66.6 vs Future cash flow value of €75.84
Current Discount Checks
For AMETEK to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • AMETEK's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • AMETEK's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for AMETEK's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are AMETEK's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AK1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $3.78
NYSE:AME Share Price ** NYSE (2020-03-31) in USD $71.98
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of AMETEK.

DB:AK1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AME Share Price ÷ EPS (both in USD)

= 71.98 ÷ 3.78

19.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMETEK is good value based on earnings compared to the DE Electrical industry average.
  • AMETEK is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does AMETEK's expected growth come at a high price?
Raw Data
DB:AK1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
2.7%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:AK1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.03x ÷ 2.7%

7.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMETEK is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on AMETEK's assets?
Raw Data
DB:AK1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $22.33
NYSE:AME Share Price * NYSE (2020-03-31) in USD $71.98
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:AK1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AME Share Price ÷ Book Value per Share (both in USD)

= 71.98 ÷ 22.33

3.22x

* Primary Listing of AMETEK.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • AMETEK is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess AMETEK's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. AMETEK has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is AMETEK expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is AMETEK expected to grow at an attractive rate?
  • AMETEK's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • AMETEK's earnings growth is positive but not above the Germany market average.
  • AMETEK's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AK1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AK1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 2.7%
DB:AK1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts 0.9%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AK1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AK1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,190 1,238 950 2
2021-12-31 5,258 1,212 902 16
2020-12-31 5,016 1,132 817 16
2020-03-31
DB:AK1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 5,159 1,114 861
2019-09-30 5,125 1,068 852
2019-06-30 5,041 988 823
2019-03-31 4,961 944 801
2018-12-31 4,846 926 778
2018-09-30 4,718 882 805
2018-06-30 4,609 872 767
2018-03-31 4,465 868 724
2017-12-31 4,300 833 681
2017-09-30 4,130 828 552
2017-06-30 3,990 758 529
2017-03-31 3,903 748 517

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • AMETEK's earnings are expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
  • AMETEK's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AK1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from AMETEK Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AK1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 4.22 4.22 4.22 1.00
2021-12-31 3.94 4.37 3.19 12.00
2020-12-31 3.56 3.94 2.74 12.00
2020-03-31
DB:AK1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 3.78
2019-09-30 3.74
2019-06-30 3.59
2019-03-31 3.48
2018-12-31 3.37
2018-09-30 3.48
2018-06-30 3.32
2018-03-31 3.14
2017-12-31 2.96
2017-09-30 2.40
2017-06-30 2.30
2017-03-31 2.24

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • AMETEK is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess AMETEK's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
AMETEK has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has AMETEK performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare AMETEK's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • AMETEK's year on year earnings growth rate has been positive over the past 5 years.
  • AMETEK's 1-year earnings growth exceeds its 5-year average (10.7% vs 9.7%)
  • AMETEK's earnings growth has not exceeded the DE Electrical industry average in the past year (10.7% vs 17.2%).
Earnings and Revenue History
AMETEK's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from AMETEK Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AK1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,158.56 861.30 643.68
2019-09-30 5,125.06 852.04 616.85
2019-06-30 5,041.39 822.50 586.11
2019-03-31 4,960.92 800.86 577.87
2018-12-31 4,845.87 777.93 597.43
2018-09-30 4,717.63 804.95 556.12
2018-06-30 4,609.47 767.26 553.29
2018-03-31 4,465.14 723.88 538.55
2017-12-31 4,300.17 681.47 553.85
2017-09-30 4,130.04 552.05 513.88
2017-06-30 3,990.27 529.20 485.91
2017-03-31 3,903.37 516.91 472.01
2016-12-31 3,840.09 512.16 451.09
2016-09-30 3,855.12 539.89 456.51
2016-06-30 3,908.61 565.60 455.46
2016-03-31 3,934.63 582.92 449.20
2015-12-31 3,974.30 590.86 447.79
2015-09-30 4,010.46 606.02 453.09
2015-06-30 4,043.74 591.43 460.18
2015-03-31 4,030.73 585.98 460.80
2014-12-31 4,021.96 584.46 462.64
2014-09-30 3,940.29 568.13 451.83
2014-06-30 3,798.48 554.18 431.60
2014-03-31 3,686.58 532.44 413.19
2013-12-31 3,594.14 517.00 398.18
2013-09-30 3,493.46 501.23 385.32
2013-06-30 3,442.83 488.76 382.37

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • AMETEK has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • AMETEK used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • AMETEK's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess AMETEK's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
AMETEK has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is AMETEK's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up AMETEK's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • AMETEK is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • AMETEK's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of AMETEK's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from AMETEK Company Filings, last reported 3 months ago.

DB:AK1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5,115.49 2,768.74 393.03
2019-09-30 4,865.97 2,428.79 735.38
2019-06-30 4,666.78 2,467.05 567.91
2019-03-31 4,456.62 2,472.35 368.07
2018-12-31 4,241.92 2,632.71 353.98
2018-09-30 4,511.91 1,901.27 518.72
2018-06-30 4,338.10 2,145.89 557.69
2018-03-31 4,204.40 2,205.70 556.78
2017-12-31 4,027.63 2,174.29 646.30
2017-09-30 3,766.16 2,430.45 736.42
2017-06-30 3,592.20 2,401.39 516.48
2017-03-31 3,404.24 2,414.53 570.23
2016-12-31 3,256.51 2,341.57 717.26
2016-09-30 3,373.20 2,154.43 445.47
2016-06-30 3,356.58 2,142.15 456.20
2016-03-31 3,296.69 2,218.36 386.94
2015-12-31 3,254.63 1,938.04 381.01
2015-09-30 3,315.27 1,917.07 328.03
2015-06-30 3,453.33 1,665.81 326.59
2015-03-31 3,263.86 1,672.68 406.59
2014-12-31 3,239.56 1,714.03 377.62
2014-09-30 3,467.81 1,636.68 369.61
2014-06-30 3,421.92 1,602.67 282.77
2014-03-31 3,272.63 1,407.89 265.34
2013-12-31 3,136.12 1,415.07 295.20
2013-09-30 2,934.23 1,300.09 254.88
2013-06-30 2,757.14 1,243.74 207.61
  • AMETEK's level of debt (54.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (52.9% vs 54.1% today).
  • Debt is well covered by operating cash flow (40.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 13.6x coverage).
X
Financial health checks
We assess AMETEK's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. AMETEK has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is AMETEK's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1%
Current annual income from AMETEK dividends. Estimated to be 0.84% next year.
If you bought €2,000 of AMETEK shares you are expected to receive €20 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • AMETEK's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.68%).
  • AMETEK's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AK1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AK1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.57 2.00
2021-12-31 0.62 9.00
2020-12-31 0.60 9.00
2020-03-31
DB:AK1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-12 0.720 0.901
2020-02-05 0.720 0.723
2019-11-08 0.560 0.565
2019-08-02 0.560 0.634
2019-05-10 0.560 0.641
2019-02-13 0.560 0.678
2018-11-12 0.560 0.787
2018-08-03 0.560 0.741
2018-05-09 0.560 0.754
2018-02-01 0.560 0.746
2017-11-10 0.360 0.494
2017-08-04 0.360 0.549
2017-05-10 0.360 0.587
2017-02-13 0.360 0.654
2016-11-03 0.360 0.729
2016-08-04 0.360 0.763
2016-05-05 0.360 0.767
2016-02-04 0.360 0.745
2015-11-05 0.360 0.693
2015-07-31 0.360 0.666
2015-05-07 0.360 0.663
2015-02-05 0.360 0.688
2014-11-06 0.360 0.709
2014-07-24 0.360 0.706
2014-05-09 0.360 0.681
2014-02-06 0.240 0.461
2013-10-25 0.240 0.481
2013-07-25 0.240 0.531
2013-05-09 0.240 0.555
2013-02-07 0.240 0.577
2012-10-26 0.240 0.633
2012-07-27 0.240 0.701
2012-05-01 0.240 0.720
2012-02-09 0.160 0.496
2011-11-03 0.160 0.559
2011-07-29 0.160 0.645
2011-05-04 0.160 0.554
2011-02-03 0.160 0.557
2011-01-27 0.160 0.590
2010-11-03 0.160 0.614
2010-07-30 0.107 0.515
2010-04-30 0.107 0.572
2010-02-04 0.107 0.597
2010-01-26 0.107 0.655
2009-11-05 0.107 0.637
2009-10-27 0.107 0.682
2009-07-24 0.107 0.717
2009-04-23 0.107 0.723
2009-04-21 0.107 0.743

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of AMETEK's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (6.8x coverage).
Future Payout to shareholders
  • No need to calculate the sustainability of AMETEK's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess AMETEK's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can AMETEK afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. AMETEK has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of AMETEK's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Zapico
COMPENSATION $10,176,064
AGE 54
TENURE AS CEO 3.8 years
CEO Bio

Mr. David A. Zapico, also known as Dave, is Chief Executive Officer and President of AMETEK Specialty Metal Products Inc. He has been Chief Executive Officer at AMETEK, Inc. since May 5, 2016. He has been Chairman of the Board at AMETEK, Inc. since July 2017 and its Director since May 05, 2016. Mr. Zapico served as the Chief Operating Officer and Executive Vice President of AMETEK, Inc. since January 1, 2013 until May 04, 2016. Mr. Zapico served as the President of Ametek U.S. Gauge. Mr. Zapico served as the President of Electronic Instruments at AMETEK, Inc. since October 1, 2003 until January 2013. Mr. Zapico joined AMETEK in 1990 as a Product Engineer at AMETEK's Process and Analytical Instruments Division (P&AI) and served in several marketing and engineering roles. Since 1996, he served as Division Vice President of the Process Instruments Business Unit of P&AI. Since 1999, Mr. Zapico served as Vice President and General Manager of AMETEK's Aerospace and Power Instruments Division. Mr. Zapico has a Bachelor of Science Degree in Electrical Engineering from Case Western Reserve University and an MBA Degree from Carnegie Mellon University.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the AMETEK management team in years:

7.6
Average Tenure
56
Average Age
  • The average tenure for the AMETEK management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Dave Zapico

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
54
TENURE
3.8 yrs

Bill Burke

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
57
TENURE
3.8 yrs

Wes Hardin

TITLE
President of Electronic Instruments
COMPENSATION
$2M
AGE
54
TENURE
11.7 yrs

Tom Marecic

TITLE
President of Electronic Instruments
COMPENSATION
$2M
AGE
57
TENURE
7 yrs

Timothy Jones

TITLE
President of Electromechanical Group
COMPENSATION
$2M
AGE
62
TENURE
14 yrs

Tom Montgomery

TITLE
Senior VP
AGE
56
TENURE
3.8 yrs

Ken Weirman

TITLE
Chief Information Officer & VP
TENURE
9 yrs

Ron Oscher

TITLE
Chief Administrative Officer
AGE
51
TENURE
3.8 yrs

Kevin Coleman

TITLE
Vice President of Investor Relations
TENURE
8.2 yrs

Thomas Deeney

TITLE
Vice President of Corporate Compliance & Auditing
TENURE
15.4 yrs
Board of Directors Tenure

Average tenure and age of the AMETEK board of directors in years:

5.4
Average Tenure
60
Average Age
  • The tenure for the AMETEK board of directors is about average.
Board of Directors

Dennis Williams

TITLE
Independent Director
COMPENSATION
$277K
AGE
73
TENURE
13.8 yrs

Dave Zapico

TITLE
Chairman & CEO
COMPENSATION
$10M
AGE
54
TENURE
2.7 yrs

Tony Conti

TITLE
Lead Independent Director
COMPENSATION
$312K
AGE
70
TENURE
2.7 yrs

Tom Amato

TITLE
Independent Director
COMPENSATION
$278K
AGE
56
TENURE
3 yrs

Elizabeth Varet

TITLE
Independent Director
COMPENSATION
$262K
AGE
75
TENURE
33.2 yrs

Steve Kohlhagen

TITLE
Independent Director
COMPENSATION
$262K
AGE
71
TENURE
13.8 yrs

Ruby Chandy

TITLE
Independent Director
COMPENSATION
$262K
AGE
57
TENURE
6.8 yrs

Gretchen McClain

TITLE
Independent Director
COMPENSATION
$262K
AGE
57
TENURE
5.4 yrs

Tod Carpenter

TITLE
Independent Director
COMPENSATION
$218K
AGE
60
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • AMETEK individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Feb 20 Sell Elizabeth Varet Individual 26. Feb 20 26. Feb 20 -2,000 €87.82 €-175,632
25. Feb 20 Sell Elizabeth Varet Individual 24. Feb 20 24. Feb 20 -2,000 €87.89 €-175,784
13. Feb 20 Sell Elizabeth Varet Individual 12. Feb 20 12. Feb 20 -2,000 €93.45 €-186,892
15. Jan 20 Sell John Hardin Individual 20. Jun 19 20. Jun 19 -4,961 €77.17 €-382,857
20. Dec 19 Sell Elizabeth Varet Individual 20. Dec 19 20. Dec 19 -2,000 €90.19 €-180,379
03. Dec 19 Sell Gretchen McClain Individual 02. Dec 19 02. Dec 19 -1,060 €88.77 €-94,096
19. Nov 19 Sell Elizabeth Varet Individual 19. Nov 19 19. Nov 19 -2,000 €88.82 €-177,630
12. Nov 19 Sell Elizabeth Varet Individual 12. Nov 19 12. Nov 19 -2,000 €87.68 €-175,363
08. Nov 19 Sell Elizabeth Varet Individual 08. Nov 19 08. Nov 19 -1,000 €87.57 €-87,574
06. Nov 19 Sell Elizabeth Varet Individual 05. Nov 19 05. Nov 19 -3,000 €86.91 €-260,721
29. Aug 19 Sell Elizabeth Varet Individual 29. Aug 19 29. Aug 19 -4,000 €77.92 €-309,889
17. Jun 19 Sell Elizabeth Varet Individual 17. Jun 19 17. Jun 19 -2,000 €75.58 €-151,156
13. Jun 19 Sell Elizabeth Varet Individual 13. Jun 19 13. Jun 19 -3,000 €76.10 €-228,288
13. May 19 Sell Thomas Amato Individual 13. May 19 13. May 19 -1,790 €74.40 €-133,172
X
Management checks
We assess AMETEK's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. AMETEK has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

What Should Investors Know About The Future Of AMETEK, Inc.'s (FRA:AK1)?

In December 2018, AMETEK, Inc. … (FRA:AK1) announced its latest earnings update, whicha … confirmed

Simply Wall St -

Company Info

Description

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. It operates through two segments, Electronic Instruments (EIG) and Electromechanical (EMG). 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; and instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets. This segment also provides power quality monitoring and metering, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment, sensors for gas turbines, dashboard instruments for heavy trucks and other vehicles, and instrumentation and controls for the food and beverage industries; and aircraft and engine sensors, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition units for the aerospace industry. Its EMG segment offers engineered electrical connectors and electronics packaging for protecting sensitive electronic devices; precision motion control products for data storage, medical devices, business equipment, automation and other applications; high-purity powdered metals, strip and foil, specialty clad metals, and metal matrix composites; motor-blower systems and heat exchangers for use in thermal management, military, commercial aircraft, and military ground vehicles; and motors for use in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, and industrial blowers. This segment also operates a network of aviation maintenance, repair, and overhaul facilities. In addition, the company offers clinical and education communication solutions for hospitals, health systems, and educational facilities. AMETEK, Inc. was incorporated in 1930 and is headquartered in Berwyn, Pennsylvania.

Details
Name: AMETEK, Inc.
AK1
Exchange: DB
Founded: 1930
$15,020,709,364
229,190,142
Website: http://www.ametek.com
Address: AMETEK, Inc.
1100 Cassatt Road,
Berwyn,
Pennsylvania, 19312-1177,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AME Common Stock New York Stock Exchange US USD 02. Jan 1968
DB AK1 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0HF7 Common Stock London Stock Exchange GB USD 02. Jan 1968
BRSE AK1 Common Stock Berne Stock Exchange CH CHF 02. Jan 1968
BMV AME * Common Stock Bolsa Mexicana de Valores MX MXN 02. Jan 1968
BOVESPA A1ME34 BDR EACH 2 REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
18,100
AMETEK employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 22:44
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.