Price to FCFE (P/FCFE)
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Amphenol Corp. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Free Cash Flow to Equity (FCFE)
Amphenol Corp., FCFE calculation
US$ in thousands
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
- Net Cash Provided by Operating Activities
- The net cash provided by operating activities exhibited a generally upward trend over the five-year period. Starting at 1,502,300 thousand US dollars in 2019, the figure increased modestly to 1,592,000 thousand in 2020, then slightly declined to 1,523,900 thousand in 2021. This was followed by a substantial increase to 2,174,600 thousand in 2022 and further growth to 2,528,700 thousand in 2023. These fluctuations suggest periods of operational strength with a significant improvement in cash generation capacity in the latter two years.
- Free Cash Flow to Equity (FCFE)
- The free cash flow to equity showed a consistent positive trajectory throughout the observed period. Beginning at 1,244,700 thousand US dollars in 2019, it increased to 1,470,600 thousand in 2020 and further rose to 1,793,700 thousand in 2021. Although there was a decline to 1,632,200 thousand in 2022, the FCFE rebounded to 1,864,200 thousand in 2023. This pattern indicates an overall enhancement in the cash available to equity shareholders, despite a minor setback in 2022.
- Overall Insights
- Both operational cash flows and free cash flow to equity displayed upward trends over the five-year span, with some variability in 2021 and 2022. The significant increases in operational cash flows in 2022 and 2023 could suggest improvements in operational efficiency or favourable market conditions. The FCFE's growth pattern, with a temporary dip in 2022, reflects strong cash-generating ability and liquidity available for equity holders, indicating sound financial health and potential for shareholder value creation.
Price to FCFE Ratio, Current
Amphenol Corp., current P/FCFE calculation, comparison to benchmarks
| No. shares of common stock outstanding | |
| Selected Financial Data (US$) | |
| Free cash flow to equity (FCFE) (in thousands) | |
| FCFE per share | |
| Current share price (P) | |
| Valuation Ratio | |
| P/FCFE | |
| Benchmarks | |
| P/FCFE, Competitors1 | |
| Apple Inc. | |
| Arista Networks Inc. | |
| Cisco Systems Inc. | |
| Dell Technologies Inc. | |
| Super Micro Computer Inc. | |
| P/FCFE, Sector | |
| Technology Hardware & Equipment | |
| P/FCFE, Industry | |
| Information Technology | |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.
Price to FCFE Ratio, Historical
Amphenol Corp., historical P/FCFE calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||
| Selected Financial Data (US$) | ||||||
| Free cash flow to equity (FCFE) (in thousands)2 | ||||||
| FCFE per share3 | ||||||
| Share price1, 4 | ||||||
| Valuation Ratio | ||||||
| P/FCFE5 | ||||||
| Benchmarks | ||||||
| P/FCFE, Competitors6 | ||||||
| Apple Inc. | ||||||
| Arista Networks Inc. | ||||||
| Cisco Systems Inc. | ||||||
| Dell Technologies Inc. | ||||||
| Super Micro Computer Inc. | ||||||
| P/FCFE, Sector | ||||||
| Technology Hardware & Equipment | ||||||
| P/FCFE, Industry | ||||||
| Information Technology | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 Data adjusted for splits and stock dividends.
3 2023 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= ÷ =
4 Closing price as at the filing date of Amphenol Corp. Annual Report.
5 2023 Calculation
P/FCFE = Share price ÷ FCFE per share
= ÷ =
6 Click competitor name to see calculations.
- Share Price Trend
- The share price of the company demonstrated a consistent upward trend over the five-year period, increasing from $51.78 at the end of 2019 to $104.26 at the end of 2023. This represents a significant appreciation, nearly doubling in value, with steady annual increases each year.
- Free Cash Flow to Equity (FCFE) per Share
- The FCFE per share showed a general growth pattern throughout the period. Starting at $2.09 in 2019, it increased to $2.45 in 2020 and further to $2.99 in 2021. A slight decline occurred in 2022, decreasing to $2.75, before rebounding to $3.11 in 2023, marking the highest value in the examined timeframe.
- Price to FCFE (P/FCFE) Ratio
- The P/FCFE ratio followed an upward trajectory, rising from 24.8 in 2019 to 33.55 in 2023. The ratio increased moderately from 2019 to 2021 and then experienced a more pronounced increase in 2022 and 2023, indicating that the market's valuation of the company's free cash flow per share became more expensive over time.
- Overall Insights
- The combination of a steadily rising share price with generally increasing FCFE per share suggests improving cash flow generation capacity of the company. However, the increasing P/FCFE ratio implies that market expectations may have grown faster than the underlying free cash flow per share, potentially reflecting greater investor confidence or anticipated future growth. The slight dip in FCFE per share in 2022, followed by a recovery in 2023, indicates a marginal fluctuation in cash flow but no long-term deterioration.