Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

AMETEK, Inc. (AME)

Company Dividend Discount ModelIndustry: Industrial - MachinerySector: Industrials

Valuation Snapshot

Stable Growth$186.05 - $719.74$314.93
Multi-Stage$116.02 - $126.87$121.34
Blended Fair Value$218.13
Current Price$188.00
Upside16.03%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS15.21%12.38%1.120.990.870.800.710.550.560.360.360.37
YoY Growth--12.35%13.93%9.52%11.85%29.44%-1.10%55.81%-0.64%-3.16%6.75%
Dividend Yield--0.65%0.55%0.60%0.60%0.56%0.76%0.66%0.47%0.66%0.74%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,468.80
(-) Cash Dividends Paid (M)279.08
(=) Cash Retained (M)1,189.71
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)293.76183.60110.16
Cash Retained (M)1,189.711,189.711,189.71
(-) Cash Required (M)-293.76-183.60-110.16
(=) Excess Retained (M)895.951,006.111,079.55
(/) Shares Outstanding (M)231.70231.70231.70
(=) Excess Retained per Share3.874.344.66
LTM Dividend per Share1.201.201.20
(+) Excess Retained per Share3.874.344.66
(=) Adjusted Dividend5.075.555.86
WACC / Discount Rate8.38%8.38%8.38%
Growth Rate5.50%6.50%7.50%
Fair Value$186.05$314.93$719.74
Upside / Downside-1.04%67.51%282.84%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,468.801,564.271,665.951,774.231,889.562,012.382,072.75
Payout Ratio19.00%33.20%47.40%61.60%75.80%90.00%92.50%
Projected Dividends (M)279.08519.35789.671,092.931,432.291,811.141,917.30

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.38%8.38%8.38%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)474.71479.21483.71
Year 2 PV (M)659.76672.33685.01
Year 3 PV (M)834.65858.61883.03
Year 4 PV (M)999.801,038.251,077.80
Year 5 PV (M)1,155.591,211.411,269.36
PV of Terminal Value (M)22,756.0523,855.1824,996.37
Equity Value (M)26,880.5728,114.9829,395.28
Shares Outstanding (M)231.70231.70231.70
Fair Value$116.02$121.34$126.87
Upside / Downside-38.29%-35.46%-32.52%

High-Yield Dividend Screener

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