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APH – Market expectations are for Uniform ROA recovery, and management is optimistic about their outlook, growth, and performance

December 9, 2020

  • Amphenol Corporation (APH:USA) currently trades at a historical high relative to UAFRS-based (Uniform) earnings, with a 29.2x Uniform P/E. At these levels, the market has somewhat bullish expectations for the firm, and management is optimistic about Q4 outlook, industrial market growth, and strong Q2 performance

  • Specifically, management generated an excitement marker when discussing their strong Q4 outlook. In addition, they are confident they saw broad growth in their industrial market and that the outperformance will continue to be driven by the strong medical segment. Management is also confident they expect to be growing in a strong fashion in Q4