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Amphenol Corporation — Intrinsic Value & Fair Price

APH
NYSETechnologyHardware, Equipment & PartsCIK 0000820313amphenol.comAbout APH
Last close · Oct 16, 202679.35−2.14 (−2.63%)
Market cap$195.7B
Model value · DCF · Perpetuity growth · 5y
47.77
Amphenol closed at $79.35 — overvalued by 66% vs model.
31.67the model's range96.52

DCF · Perpetuity growth · 5y leads for profitable growth — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
11.26 – 95.67
Wall St. target
102.50 23% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
0.95%
Past 2 years
low 0.64%high 1.58%
Dividends per share, a year at a time
$0.15Sep ’21$0.20Sep ’22$0.21Sep ’23$0.25Sep ’24$0.66Sep ’25$0.75TTM
Dividends / free cash flow, FY2025
18.3%
Raised
8 years in a row
Growth, 5 yrs
38.9% a year
Last change
−50.0% · Jun 2026
Every payment, with ex-dates · latest $0.125, paid Oct 14, 2026

Research on APH

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How it is valued

Valued asProfitable Growth
High revenue growth (~36% recent)Moderate margins (18% net margin)Moderately volatile earnings
What growth the price implies: the reverse DCF

Key figures

FY2025
P/E
47.5×
EV / EBITDA
29.0×
FCF yield
4.5%
Dividend yield, TTM
0.95%
Beta
1.24
Cost of capital (WACC)
9.45%
Full financials

Analyst actions

third-party, quoted
10-07UBS · target105.00
10-06Industrial Alliance Securities · target116.00
09-23Bernstein · target99.00
03-31Jefferies · “Buy” from “Hold”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
2 more companies list APH as a comparable

The weekly

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About Amphenol

Amphenol Corporation, alongside its numerous subsidiaries, operates globally as a prominent designer, manufacturer, and distributor of electrical, electronic, and fiber optic connectors. Its market reach extends across the United States, China, and various international territories. The company is organized into three primary operational divisions: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. Amphenol's comprehensive product lineup features an extensive array of connectors and integrated connector systems. These include specialized interconnects engineered for demanding conditions (covering data, power, high-speed, fiber optic, and radio frequency applications), in addition to busbars and complete power distribution systems. Beyond these core offerings, the company provides value-added products such as backplane interconnect systems, bespoke cable assemblies and harnesses, and cable management solutions. Their portfolio also encompasses flexible and rigid printed circuit boards (PCBs), hinges, and various other mechanical and production-related components. Furthermore, Amphenol supplies antennas for consumer electronics, network infrastructure, and other uses; a range of coaxial, power, and specialty cables; and an assortment of sensors and sensor-based technologies. The company distributes its products through a multi-channel approach, utilizing its internal sales force, independent representatives, and an extensive network of electronics distributors. Its diverse customer base comprises original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), and service providers. These clients span numerous industries, including 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 presently headquartered in Wallingford, Connecticut.

CEO
Richard Adam Norwitt
Headquarters
Wallingford, CT
Employees
170,000
IPO
1991-11-08
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.