Amphenol Stock To $168?
Amphenol (APH) stock has fallen 7.1% during the past day, and is currently trading at $129.24. Our multi-factor assessment suggests that it may be time to buy more shares of APH stock. We have, overall, a positive view of the stock, and a price of $168 may not be out of reach. We believe there is not much to fear in APH stock given its overall Very Strong operating performance and financial condition. Hence, despite its Very High valuation, the stock appears Attractive but Volatile.
Below is our assessment:
| CONCLUSION | |
|---|---|
| What you pay: | |
| Valuation | Very High |
| What you get: | |
| Growth | Very Strong |
| Profitability | Strong |
| Financial Stability | Very Strong |
| Downturn Resilience | Moderate |
| Operating Performance | Very Strong |
| Stock Opinion | Attractive but Volatile |
When markets turn, single-asset exposure hurts. Smart financial advisors protect client wealth by working with partners who allocate across multiple asset classes – including the High Quality Portfolio.
Let’s get into details of each of the assessed factors but before that, for quick background: With $158 Bil in market cap, Amphenol provides electrical, electronic, and fiber optic connectors through three segments, offering solutions for harsh environments, communications, and interconnect systems via direct and distributor sales channels.
- Intuitive Surgical Stock Now 16% Cheaper, Time To Buy
- AT&T Stock Pays Out $85 Bil – Investors Take Note
- Intel Stock Pays Out $92 Bil – Investors Take Note
- Comcast Stock Capital Return Hits $44 Bil
- Intuitive Surgical Stock Pulls Back to Support – Smart Entry?
- Is the Market Overlooking Copart Stock’s Next Move?
[1] Valuation Looks Very High
| APH | S&P 500 | |
|---|---|---|
| Price-to-Sales Ratio | 7.2 | 11.4 |
| Price-to-Earnings Ratio | 39.6 | 37.5 |
| Price-to-Free Cash Flow Ratio | 42.5 | 54.0 |
This table highlights how APH is valued vs broader market. For more details see: APH Valuation Ratios
[2] Growth Is Very Strong
- Amphenol has seen its top line grow at an average rate of 20.7% over the last 3 years
- Its revenues have grown 47% from $14 Bil to $21 Bil in the last 12 months
- Also, its quarterly revenues grew 53.4% to $6.2 Bil in the most recent quarter from $4.0 Bil a year ago.
| APH | S&P 500 | |
|---|---|---|
| 3-Year Average | 20.7% | 12.2% |
| Latest Twelve Months* | 47.4% | 13.2% |
| Most Recent Quarter (YoY)* | 53.4% | 15.9% |
This table highlights how APH is growing vs broader market. For more details see: APH Revenue Comparison
[3] Profitability Appears Strong
- APH last 12 month operating income was $5.2 Bil representing operating margin of 24.6%
- With cash flow margin of 21.5%, it generated nearly $4.5 Bil in operating cash flow over this period
- For the same period, APH generated nearly $3.8 Bil in net income, suggesting net margin of about 18.2%
| APH | S&P 500 | |
|---|---|---|
| Current Operating Margin | 24.6% | 37.5% |
| Current OCF Margin | 21.5% | 35.5% |
| Current Net Income Margin | 18.2% | 27.6% |
This table highlights how APH profitability vs broader market. For more details see: APH Operating Income Comparison
[4] Financial Stability Looks Very Strong
- APH Debt was $8.1 Bil at the end of the most recent quarter, while its current Market Cap is $158 Bil. This implies Debt-to-Equity Ratio of 5.3%
- APH Cash (including cash equivalents) makes up $3.9 Bil of $27 Bil in total Assets. This yields a Cash-to-Assets Ratio of 14.3%
| APH | S&P 500 | |
|---|---|---|
| Current Debt-to-Equity Ratio | 5.3% | 2.7% |
| Current Cash-to-Assets Ratio | 14.3% | 16.0% |
[5] Downturn Resilience Is Moderate
APH saw an impact slightly better than the S&P 500 index during various economic downturns. We assess this based on both (a) how much the stock fell and, (b) how quickly it recovered.
2022 Inflation Shock
- APH stock fell 28.9% from a high of $43.97 on 29 December 2021 to $31.25 on 16 June 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 26 July 2023
- Since then, the stock increased to a high of $143.85 on 10 November 2025 , and currently trades at $129.24
| APH | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -28.9% | -25.4% |
| Time to Full Recovery | 405 days | 464 days |
2020 Covid Pandemic
- APH stock fell 37.8% from a high of $27.45 on 16 January 2020 to $17.09 on 16 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 12 August 2020
| APH | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -37.8% | -33.9% |
| Time to Full Recovery | 149 days | 148 days |
2008 Global Financial Crisis
- APH stock fell 63.4% from a high of $6.49 on 15 August 2008 to $2.38 on 20 November 2008 vs. a peak-to-trough decline of 56.8% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 4 November 2010
| APH | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -63.4% | -56.8% |
| Time to Full Recovery | 714 days | 1480 days |
But the risk is not limited to major market crashes. Stocks fall even when markets are good – think events like earnings, business updates, outlook changes. Read APH Dip Buyer Analyses to see how the stock has recovered from sharp dips in the past.
The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.