Intrinsic value of Ametek - AME

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$60.43

  Intrinsic Value

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  Value-price divergence*

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*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of AME stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 13.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -3.37
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  3,840
  3,917
  4,007
  4,110
  4,225
  4,354
  4,494
  4,647
  4,813
  4,991
  5,183
  5,388
  5,607
  5,839
  6,087
  6,349
  6,628
  6,922
  7,234
  7,563
  7,910
  8,277
  8,664
  9,071
  9,501
  9,953
  10,429
  10,930
  11,458
  12,013
  12,596
Variable operating expenses, $m
 
  840
  853
  868
  884
  903
  923
  945
  968
  994
  1,021
  768
  799
  833
  868
  905
  945
  987
  1,031
  1,078
  1,128
  1,180
  1,235
  1,293
  1,355
  1,419
  1,487
  1,559
  1,634
  1,713
  1,796
Fixed operating expenses, $m
 
  2,319
  2,377
  2,436
  2,497
  2,559
  2,623
  2,689
  2,756
  2,825
  2,896
  2,968
  3,042
  3,118
  3,196
  3,276
  3,358
  3,442
  3,528
  3,616
  3,707
  3,799
  3,894
  3,992
  4,091
  4,194
  4,298
  4,406
  4,516
  4,629
  4,745
Total operating expenses, $m
  3,038
  3,159
  3,230
  3,304
  3,381
  3,462
  3,546
  3,634
  3,724
  3,819
  3,917
  3,736
  3,841
  3,951
  4,064
  4,181
  4,303
  4,429
  4,559
  4,694
  4,835
  4,979
  5,129
  5,285
  5,446
  5,613
  5,785
  5,965
  6,150
  6,342
  6,541
Operating income, $m
  802
  758
  777
  806
  844
  892
  948
  1,014
  1,089
  1,173
  1,266
  1,652
  1,765
  1,889
  2,023
  2,168
  2,325
  2,493
  2,674
  2,868
  3,076
  3,297
  3,534
  3,786
  4,055
  4,340
  4,644
  4,966
  5,308
  5,671
  6,055
EBITDA, $m
  982
  1,116
  1,137
  1,167
  1,208
  1,258
  1,317
  1,386
  1,464
  1,551
  1,649
  1,756
  1,873
  2,002
  2,140
  2,291
  2,453
  2,627
  2,814
  3,015
  3,229
  3,458
  3,702
  3,962
  4,238
  4,533
  4,845
  5,177
  5,530
  5,903
  6,299
Interest expense (income), $m
  0
  72
  74
  77
  81
  85
  89
  93
  98
  104
  109
  116
  122
  129
  137
  145
  153
  162
  172
  182
  193
  204
  216
  228
  242
  256
  270
  286
  302
  319
  337
Earnings before tax, $m
  693
  686
  703
  729
  763
  807
  860
  921
  990
  1,069
  1,157
  1,536
  1,643
  1,759
  1,886
  2,023
  2,171
  2,331
  2,502
  2,686
  2,883
  3,093
  3,318
  3,558
  3,813
  4,084
  4,373
  4,680
  5,006
  5,352
  5,718
Tax expense, $m
  181
  185
  190
  197
  206
  218
  232
  249
  267
  289
  312
  415
  444
  475
  509
  546
  586
  629
  676
  725
  778
  835
  896
  961
  1,029
  1,103
  1,181
  1,264
  1,352
  1,445
  1,544
Net income, $m
  512
  501
  513
  532
  557
  589
  627
  672
  723
  781
  845
  1,121
  1,199
  1,284
  1,377
  1,477
  1,585
  1,701
  1,827
  1,961
  2,105
  2,258
  2,422
  2,597
  2,783
  2,982
  3,192
  3,416
  3,654
  3,907
  4,174

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  717
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  7,101
  6,506
  6,656
  6,827
  7,019
  7,232
  7,465
  7,720
  7,995
  8,291
  8,609
  8,950
  9,313
  9,700
  10,111
  10,547
  11,009
  11,499
  12,016
  12,563
  13,140
  13,749
  14,391
  15,068
  15,782
  16,533
  17,324
  18,157
  19,033
  19,955
  20,924
Adjusted assets (=assets-cash), $m
  6,384
  6,506
  6,656
  6,827
  7,019
  7,232
  7,465
  7,720
  7,995
  8,291
  8,609
  8,950
  9,313
  9,700
  10,111
  10,547
  11,009
  11,499
  12,016
  12,563
  13,140
  13,749
  14,391
  15,068
  15,782
  16,533
  17,324
  18,157
  19,033
  19,955
  20,924
Revenue / Adjusted assets
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
  0.602
Average production assets, $m
  1,940
  1,978
  2,023
  2,075
  2,134
  2,199
  2,270
  2,347
  2,430
  2,521
  2,617
  2,721
  2,831
  2,949
  3,074
  3,206
  3,347
  3,496
  3,653
  3,819
  3,995
  4,180
  4,375
  4,581
  4,798
  5,026
  5,267
  5,520
  5,786
  6,066
  6,361
Working capital, $m
  1,004
  576
  589
  604
  621
  640
  661
  683
  707
  734
  762
  792
  824
  858
  895
  933
  974
  1,018
  1,063
  1,112
  1,163
  1,217
  1,274
  1,333
  1,397
  1,463
  1,533
  1,607
  1,684
  1,766
  1,852
Total debt, $m
  2,342
  2,129
  2,212
  2,307
  2,415
  2,533
  2,664
  2,806
  2,959
  3,125
  3,302
  3,492
  3,695
  3,911
  4,140
  4,383
  4,641
  4,914
  5,203
  5,508
  5,830
  6,170
  6,528
  6,906
  7,304
  7,723
  8,165
  8,629
  9,118
  9,633
  10,174
Total liabilities, $m
  3,844
  3,631
  3,714
  3,809
  3,917
  4,035
  4,166
  4,308
  4,461
  4,627
  4,804
  4,994
  5,197
  5,413
  5,642
  5,885
  6,143
  6,416
  6,705
  7,010
  7,332
  7,672
  8,030
  8,408
  8,806
  9,225
  9,667
  10,131
  10,620
  11,135
  11,676
Total equity, $m
  3,257
  2,876
  2,942
  3,018
  3,102
  3,196
  3,300
  3,412
  3,534
  3,665
  3,805
  3,956
  4,116
  4,287
  4,469
  4,662
  4,866
  5,082
  5,311
  5,553
  5,808
  6,077
  6,361
  6,660
  6,975
  7,308
  7,657
  8,025
  8,412
  8,820
  9,248
Total liabilities and equity, $m
  7,101
  6,507
  6,656
  6,827
  7,019
  7,231
  7,466
  7,720
  7,995
  8,292
  8,609
  8,950
  9,313
  9,700
  10,111
  10,547
  11,009
  11,498
  12,016
  12,563
  13,140
  13,749
  14,391
  15,068
  15,781
  16,533
  17,324
  18,156
  19,032
  19,955
  20,924
Debt-to-equity ratio
  0.719
  0.740
  0.750
  0.760
  0.780
  0.790
  0.810
  0.820
  0.840
  0.850
  0.870
  0.880
  0.900
  0.910
  0.930
  0.940
  0.950
  0.970
  0.980
  0.990
  1.000
  1.020
  1.030
  1.040
  1.050
  1.060
  1.070
  1.080
  1.080
  1.090
  1.100
Adjusted equity ratio
  0.398
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442
  0.442

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  512
  501
  513
  532
  557
  589
  627
  672
  723
  781
  845
  1,121
  1,199
  1,284
  1,377
  1,477
  1,585
  1,701
  1,827
  1,961
  2,105
  2,258
  2,422
  2,597
  2,783
  2,982
  3,192
  3,416
  3,654
  3,907
  4,174
Depreciation, amort., depletion, $m
  180
  358
  359
  361
  364
  366
  369
  372
  375
  378
  382
  104
  108
  113
  118
  123
  128
  134
  140
  146
  153
  160
  168
  176
  184
  193
  202
  211
  222
  232
  244
Funds from operations, $m
  806
  858
  872
  893
  921
  955
  996
  1,044
  1,098
  1,159
  1,227
  1,226
  1,308
  1,397
  1,494
  1,600
  1,713
  1,835
  1,967
  2,107
  2,258
  2,418
  2,590
  2,773
  2,967
  3,174
  3,394
  3,628
  3,876
  4,139
  4,418
Change in working capital, $m
  49
  11
  13
  15
  17
  19
  21
  22
  24
  26
  28
  30
  32
  34
  36
  39
  41
  43
  46
  48
  51
  54
  57
  60
  63
  66
  70
  74
  78
  82
  86
Cash from operations, $m
  757
  1,114
  859
  878
  904
  937
  976
  1,021
  1,074
  1,133
  1,199
  1,195
  1,276
  1,363
  1,458
  1,561
  1,672
  1,792
  1,921
  2,059
  2,207
  2,364
  2,533
  2,713
  2,904
  3,108
  3,324
  3,554
  3,798
  4,058
  4,332
Maintenance CAPEX, $m
  0
  -74
  -76
  -78
  -80
  -82
  -84
  -87
  -90
  -93
  -97
  -100
  -104
  -108
  -113
  -118
  -123
  -128
  -134
  -140
  -146
  -153
  -160
  -168
  -176
  -184
  -193
  -202
  -211
  -222
  -232
New CAPEX, $m
  -63
  -38
  -45
  -52
  -58
  -65
  -71
  -77
  -84
  -90
  -97
  -103
  -110
  -118
  -125
  -133
  -141
  -149
  -157
  -166
  -175
  -185
  -195
  -206
  -217
  -228
  -240
  -253
  -266
  -280
  -295
Cash from investing activities, $m
  -452
  -112
  -121
  -130
  -138
  -147
  -155
  -164
  -174
  -183
  -194
  -203
  -214
  -226
  -238
  -251
  -264
  -277
  -291
  -306
  -321
  -338
  -355
  -374
  -393
  -412
  -433
  -455
  -477
  -502
  -527
Free cash flow, $m
  305
  1,002
  738
  749
  766
  790
  820
  857
  900
  950
  1,005
  992
  1,061
  1,137
  1,220
  1,311
  1,409
  1,515
  1,630
  1,753
  1,885
  2,026
  2,178
  2,339
  2,512
  2,695
  2,891
  3,099
  3,321
  3,556
  3,805
Issuance/(repayment) of debt, $m
  457
  66
  84
  95
  107
  119
  130
  142
  154
  165
  178
  190
  203
  216
  229
  243
  258
  273
  289
  305
  322
  340
  358
  378
  398
  419
  441
  465
  489
  514
  541
Issuance/(repurchase) of shares, $m
  -336
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  140
  66
  84
  95
  107
  119
  130
  142
  154
  165
  178
  190
  203
  216
  229
  243
  258
  273
  289
  305
  322
  340
  358
  378
  398
  419
  441
  465
  489
  514
  541
Total cash flow (excl. dividends), $m
  419
  1,067
  821
  844
  873
  909
  951
  999
  1,054
  1,115
  1,183
  1,182
  1,264
  1,353
  1,449
  1,554
  1,667
  1,788
  1,918
  2,058
  2,207
  2,366
  2,536
  2,717
  2,910
  3,115
  3,333
  3,564
  3,809
  4,070
  4,346
Retained Cash Flow (-), $m
  -2
  -57
  -66
  -76
  -85
  -94
  -103
  -112
  -122
  -131
  -141
  -150
  -161
  -171
  -182
  -193
  -204
  -216
  -229
  -242
  -255
  -269
  -284
  -299
  -315
  -332
  -350
  -368
  -387
  -407
  -429
Prev. year cash balance distribution, $m
 
  438
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  1,448
  755
  768
  788
  815
  848
  887
  932
  984
  1,042
  1,031
  1,103
  1,182
  1,268
  1,361
  1,463
  1,572
  1,690
  1,816
  1,952
  2,097
  2,252
  2,418
  2,594
  2,783
  2,983
  3,196
  3,422
  3,663
  3,918
Discount rate, %
 
  5.10
  5.36
  5.62
  5.90
  6.20
  6.51
  6.83
  7.18
  7.54
  7.91
  8.31
  8.72
  9.16
  9.62
  10.10
  10.60
  11.13
  11.69
  12.27
  12.89
  13.53
  14.21
  14.92
  15.66
  16.45
  17.27
  18.13
  19.04
  19.99
  20.99
PV of cash for distribution, $m
 
  1,378
  680
  652
  627
  603
  581
  558
  535
  512
  487
  429
  404
  378
  351
  322
  292
  261
  231
  201
  173
  146
  121
  99
  79
  62
  47
  36
  26
  19
  13
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

AMETEK, Inc. manufactures electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, and automation markets; instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets; and vision systems to inspect surfaces. This segment also provides aircraft and engine sensors, monitoring systems, power instruments, data acquisition units, and fuel and fluid measurement systems for the aerospace industry; power quality monitoring and metering devices, industrial battery chargers, uninterruptible power supplies, programmable power and electrical test equipment, and gas turbine sensors; and dashboard instruments for heavy trucks and other vehicles, as well as timing controls and cooking computers for the food service industry. Its Electromechanical Group segment offers thermal management systems, specialty metals, and electrical interconnects; precision motion control products for data storage, medical devices, business equipment, automation, and other applications; engineered electrical connectors and packaging products to protect sensitive electronic devices; floor care and specialty motors; and metal tubing products. This segment also provides high-purity metals, metal strips, shaped wires, and advanced composites for various industrial applications; and motors used in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps, industrial blowers, and vacuum cleaners, as well as operates a network of aviation maintenance, repair, and overhaul facilities. In addition, the company offers clinical and education communication solutions for hospitals, health systems, and educational facilities. AMETEK, Inc. was founded in 1930 and is headquartered in Berwyn, Pennsylvania.

FINANCIAL RATIOS  of  Ametek (AME)

Valuation Ratios
P/E Ratio 27.1
Price to Sales 3.6
Price to Book 4.3
Price to Tangible Book
Price to Cash Flow 18.3
Price to Free Cash Flow 20
Growth Rates
Sales Growth Rate -3.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -8.7%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 3
Current Ratio 0.1
LT Debt to Equity 63.3%
Total Debt to Equity 71.9%
Interest Coverage 0
Management Effectiveness
Return On Assets 7.4%
Ret/ On Assets - 3 Yr. Avg. 9.3%
Return On Total Capital 9.5%
Ret/ On T. Cap. - 3 Yr. Avg. 11.1%
Return On Equity 15.7%
Return On Equity - 3 Yr. Avg. 17.4%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 35.9%
Gross Margin - 3 Yr. Avg. 35.7%
EBITDA Margin 22.7%
EBITDA Margin - 3 Yr. Avg. 24.8%
Operating Margin 20.9%
Oper. Margin - 3 Yr. Avg. 22%
Pre-Tax Margin 18%
Pre-Tax Margin - 3 Yr. Avg. 19.4%
Net Profit Margin 13.3%
Net Profit Margin - 3 Yr. Avg. 14.2%
Effective Tax Rate 26.1%
Eff/ Tax Rate - 3 Yr. Avg. 26.7%
Payout Ratio 16.2%

AME stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AME stock intrinsic value calculation we used $3840 million for the last fiscal year's total revenue generated by Ametek. The default revenue input number comes from 2016 income statement of Ametek. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AME stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.1%, whose default value for AME is calculated based on our internal credit rating of Ametek, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Ametek.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AME stock the variable cost ratio is equal to 21.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $2262 million in the base year in the intrinsic value calculation for AME stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Ametek.

Corporate tax rate of 27% is the nominal tax rate for Ametek. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AME stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AME are equal to 50.5%.

Life of production assets of 26.1 years is the average useful life of capital assets used in Ametek operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AME is equal to 14.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3257 million for Ametek - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 227.289 million for Ametek is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Ametek at the current share price and the inputted number of shares is $13.7 billion.


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COMPANY NEWS

▶ ETFs with exposure to AMETEK, Inc. : June 22, 2017   [Jun-22-17 03:19PM  Capital Cube]
▶ AMETEK Executive Chairman Frank S. Hermance To Retire   [Jun-05-17 08:00AM  PR Newswire]
▶ Mocon Inc. to be acquired by Ametek Inc.   [Apr-17-17 03:15PM  American City Business Journals]
▶ AMETEK to Acquire MOCON, Inc.   [08:00AM  PR Newswire]
▶ ETFs with exposure to AMETEK, Inc. : April 7, 2017   [Apr-07-17 03:45PM  Capital Cube]
▶ These Four Stocks Perform Well in March   [Mar-06-17 01:00PM  Investopedia]
▶ ETFs with exposure to AMETEK, Inc. : February 14, 2017   [Feb-14-17 02:22PM  Capital Cube]
▶ AMETEK Acquires Rauland-Borg Corporation   [06:45AM  PR Newswire]
▶ AMETEK Announces Four Executive Appointments   [Dec-01-16 08:01AM  PR Newswire]
▶ Hedge Funds Are Crazy About AMETEK, Inc. (AME)   [Nov-26-16 07:00AM  at Insider Monkey]
Stock chart of AME Financial statements of AME Annual reports of AME
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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