Company Overview
Amphenol Corp designs and manufactures electrical, electronic, and fiber‑optic connectors, interconnect systems, and specialty cables. It serves diverse end markets such as communications, industrial, automotive, and aerospace. The company operates globally and is headquartered in the United States. Its shares trade on the New York Stock Exchange with a market capitalization of about USD 157.1 billion.
Analysis of recent data
FundamentalsAmphenol’s latest 10‑K, reported in USD figures, shows revenue of 23.09 billion, EBIT of 103.4 million, and net income of 4.31 billion for the year ended 2025‑12‑31. Depreciation and amortization were 922.4 million, and capital expenditure 996.6 million, resulting in a free‑cash‑flow proxy of 6.38 million excluding working‑capital changes.
Profitability remains strong with a 37.22% gross margin and 25.41% operating margin on a trailing basis. Return on equity of 35.77% indicates efficient capital use, while the small EBIT figure suggests possible reporting scale differences. Total debt stands at 937.2 million, and cash was not provided, limiting visibility into liquidity.
Revenue growth of 0.517 year over year points to modest expansion. The company’s beta of 1.28 implies moderate market sensitivity, and the net profit margin of 18.49% supports its reputation for steady profitability.
Valuation
DCF / MultiplesAt USD 127.81 per share, Amphenol trades close to its DCF base case. The DCF fair‑value range is USD 84.25 (bear), USD 140.94 (base), and USD 215.23 (bull). This suggests the market expects continued steady performance consistent with its 36.53× earnings multiple and 37.22% gross margin.
The valuation range implies moderate upside potential if margins and capital discipline are maintained. Limited cash disclosure remains a watch point for assessing near‑term flexibility.
Conclusion
TakeawayAmphenol shows strong profitability and disciplined operations. The valuation appears balanced against its growth and margin profile. Investors may focus on execution consistency rather than short‑term price moves. Cash transparency will be important for confidence in future resilience.