APH – Market expectations are for Uniform ROA to reach new peaks, and management is confident about high-voltage systems, market share gains, and global investments

November 23, 2021

  • Amphenol Corporation (APH) currently trades above corporate and historical averages relative to Uniform earnings, with a 32.1x Uniform P/E (Fwd. V/E’).
  • At these levels, markets are pricing in expectations for Uniform ROA to reach new peaks of 35%, accompanied by 7% Uniform asset growth.
  • Meanwhile, analysts expect Uniform ROA to slightly improve to 26% by 2022, accompanied by 11% Uniform asset growth.
  • If sustained going forward, these levels would imply a stock price closer to $72, representing approximately 15% equity downside for the firm.
  • However, the firm’s most recent earnings call suggests management is confident about high-voltage systems, market share gains, and global investments.

You don’t have access to the Valens Research Premium Application.

To get access to our best content including the highly regarded Conviction Long List and Market Phase Cycle macro newsletter, please contact our Client Relations Team at 630-841-0683 or email

Please fill out the fields below so that our client relations team can contact you

Or contact our Client Relationship Team at 630-841-0683