AMETEK INC's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. AMETEK INC has average liquidity. Currently, the Quick Ratio is 1.16 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 18.18% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||1031.81||890.01|
|Net Income ($mil)||141.81||127.86|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||369.61||254.88|
|Total Assets ($mil)||6571.06||5461.22|
|Total Debt ($mil)||1636.68||1300.09|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||36.24||37.44|
|Return on Assets||8.64||9.17|
|Return on Equity||16.38||17.08|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||245.93||244.75|
|Div / share||0.09||0.06|
|Book value / share||14.1||11.99|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1350252.0||857191.0|
BUY. AMETEK INC's P/E ratio indicates a discount compared to an average of 22.28 for the Electrical Equipment industry and a value on par with the S&P 500 average of 19.74. To use another comparison, its price-to-book ratio of 3.52 indicates a premium versus the S&P 500 average of 2.73 and a discount versus the industry average of 3.57. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, AMETEK INC proves to trade at a discount to investment alternatives within the industry.
|AME 21.58||Peers 22.28||AME 16.90||Peers 16.30|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
AME is trading at a valuation on par with its peers.
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
AME is trading at a valuation on par to its peers.
|AME 18.66||Peers 17.96||AME 1.46||Peers 0.97|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
AME is trading at a premium to its peers.
Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
AME trades at a significant premium to its peers.
|AME 3.52||Peers 3.57||AME 12.74||Peers 867.12|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
AME is trading at a valuation on par with its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, AME is expected to significantly trail its peers on the basis of its earnings growth rate.
|AME 3.10||Peers 2.23||AME 12.79||Peers 6.66|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
AME is trading at a significant premium to its industry.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
AME has a sales growth rate that significantly exceeds its peers.
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