Enterprise Value to EBITDA (EV/EBITDA)
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- Income Statement
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Aggregate Accruals
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Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Amphenol Corp., EBITDA 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 income attributable to Amphenol Corporation
- The net income shows a consistent upward trend from 2019 to 2023. Starting at 1,155,000 thousand US dollars in 2019, it increased to 1,203,400 thousand in 2020. The growth accelerated in subsequent years, reaching 1,590,800 thousand in 2021, 1,902,300 thousand in 2022, and slightly higher at 1,928,000 thousand in 2023. This indicates strong profitability improvement over the five-year period, with a notable increase between 2020 and 2022, followed by a modest rise in 2023.
- Earnings before tax (EBT)
- EBT displays a similar upward trajectory, reflecting enhanced earnings before tax obligations. It rose from 1,495,900 thousand US dollars in 2019 to 1,526,600 thousand in 2020. Subsequently, there was a significant jump to 1,989,200 thousand in 2021, then further growth to 2,467,400 thousand in 2022. However, in 2023, EBT slightly declined to 2,454,800 thousand. The slight decrease in 2023 suggests some pressures on earnings before tax despite previous years' strong growth.
- Earnings before interest and tax (EBIT)
- EBIT followed a consistent upward direction through the period from 2019 to 2022, increasing from 1,613,500 thousand US dollars to 2,595,800 thousand. The figure remains almost steady from 2022 to 2023, with a slight decrease to 2,594,300 thousand. This suggests that operating profitability grew significantly until 2022 and stabilized thereafter, indicating a potential plateau in core operational income generation.
- Earnings before interest, tax, depreciation and amortization (EBITDA)
- EBITDA demonstrates continuous growth across the entire period examined. Starting at 1,925,600 thousand US dollars in 2019, it increased marginally to 1,950,100 thousand in 2020, then accelerated to 2,500,300 thousand in 2021. This trend continued with growth to 2,988,700 thousand in 2022 and a marginal increase to 3,000,700 thousand in 2023. The gradual growth in EBITDA underscores improving earnings quality and operating cash flow capacity over time, with the most significant gains observed from 2020 through 2022.
Enterprise Value to EBITDA Ratio, Current
Amphenol Corp., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | |
| Valuation Ratio | |
| EV/EBITDA | |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Apple Inc. | |
| Arista Networks Inc. | |
| Cisco Systems Inc. | |
| Dell Technologies Inc. | |
| Super Micro Computer Inc. | |
| EV/EBITDA, Sector | |
| Technology Hardware & Equipment | |
| EV/EBITDA, Industry | |
| Information Technology | |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Amphenol Corp., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | ||||||
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | ||||||
| Valuation Ratio | ||||||
| EV/EBITDA3 | ||||||
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Apple Inc. | ||||||
| Arista Networks Inc. | ||||||
| Cisco Systems Inc. | ||||||
| Dell Technologies Inc. | ||||||
| Super Micro Computer Inc. | ||||||
| EV/EBITDA, Sector | ||||||
| Technology Hardware & Equipment | ||||||
| EV/EBITDA, 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).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= ÷ =
4 Click competitor name to see calculations.
- Enterprise Value (EV)
- The enterprise value has displayed a consistent upward trend over the five-year period. Starting at approximately 33.6 billion USD at the end of 2019, the value increased steadily to about 41.5 billion USD in 2020, then to 51.5 billion USD in 2021, remaining relatively stable through 2022, and finally experiencing a significant rise to approximately 65.3 billion USD by the end of 2023. This reflects an overall increase exceeding 94% over the period, indicating substantial growth in market valuation or acquisition of assets.
- Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA)
- EBITDA has also trended upwards throughout the period. From about 1.93 billion USD in 2019, it rose slightly to 1.95 billion USD in 2020. This was followed by a more marked increase to 2.5 billion USD in 2021, 3.0 billion USD in 2022, and a marginal further increase to approximately 3.0 billion USD in 2023. The growth in EBITDA over these years indicates improving operational profitability.
- EV/EBITDA Ratio
- The EV/EBITDA ratio has shown variability despite general movements in both EV and EBITDA. It began at 17.47 in 2019, increased significantly to a peak of 21.3 in 2020, then slightly decreased to 20.61 in 2021. This was followed by a larger decline to 17.24 in 2022, before rising again to 21.75 in 2023. These fluctuations indicate changing market perceptions and valuation multiples relative to earnings, implying periods of heightened market expectations or shifts in risk appetite.