Intrinsic value of Ametek - AME

Previous Close

$73.57

  Intrinsic Value

$69.27

stock screener

  Rating & Target

hold

-6%

Previous close

$73.57

 
Intrinsic value

$69.27

 
Up/down potential

-6%

 
Rating

hold

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 2017), $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 16.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   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
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  12.00
  11.30
  10.67
  10.10
  9.59
  9.13
  8.72
  8.35
  8.01
  7.71
  7.44
  7.20
  6.98
  6.78
  6.60
  6.44
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
  5.33
Revenue, $m
  4,816
  5,360
  5,932
  6,531
  7,158
  7,812
  8,493
  9,202
  9,939
  10,706
  11,502
  12,330
  13,191
  14,085
  15,015
  15,982
  16,988
  18,036
  19,127
  20,264
  21,450
  22,687
  23,977
  25,325
  26,733
  28,204
  29,742
  31,350
  33,032
  34,792
Variable operating expenses, $m
  3,570
  3,915
  4,278
  4,659
  5,056
  5,471
  5,904
  6,354
  6,822
  7,308
  7,301
  7,826
  8,372
  8,940
  9,530
  10,144
  10,783
  11,448
  12,140
  12,862
  13,615
  14,400
  15,219
  16,074
  16,968
  17,902
  18,878
  19,898
  20,966
  22,084
Fixed operating expenses, $m
  148
  151
  155
  158
  162
  165
  169
  173
  176
  180
  184
  188
  192
  197
  201
  205
  210
  215
  219
  224
  229
  234
  239
  244
  250
  255
  261
  267
  273
  279
Total operating expenses, $m
  3,718
  4,066
  4,433
  4,817
  5,218
  5,636
  6,073
  6,527
  6,998
  7,488
  7,485
  8,014
  8,564
  9,137
  9,731
  10,349
  10,993
  11,663
  12,359
  13,086
  13,844
  14,634
  15,458
  16,318
  17,218
  18,157
  19,139
  20,165
  21,239
  22,363
Operating income, $m
  1,098
  1,294
  1,499
  1,715
  1,940
  2,175
  2,421
  2,676
  2,941
  3,217
  4,017
  4,316
  4,626
  4,948
  5,284
  5,632
  5,995
  6,374
  6,767
  7,178
  7,606
  8,053
  8,519
  9,006
  9,515
  10,047
  10,603
  11,185
  11,793
  12,430
EBITDA, $m
  2,207
  2,470
  2,747
  3,036
  3,339
  3,655
  3,985
  4,328
  4,685
  5,056
  5,441
  5,842
  6,259
  6,692
  7,142
  7,611
  8,099
  8,606
  9,135
  9,687
  10,262
  10,862
  11,488
  12,142
  12,825
  13,539
  14,285
  15,066
  15,883
  16,738
Interest expense (income), $m
  0
  117
  141
  167
  194
  223
  252
  283
  315
  349
  384
  420
  457
  497
  537
  579
  623
  669
  717
  766
  818
  871
  927
  986
  1,047
  1,111
  1,177
  1,247
  1,319
  1,395
  1,475
Earnings before tax, $m
  981
  1,152
  1,332
  1,520
  1,718
  1,923
  2,138
  2,361
  2,593
  2,834
  3,598
  3,858
  4,129
  4,411
  4,704
  5,009
  5,326
  5,657
  6,001
  6,360
  6,735
  7,126
  7,533
  7,959
  8,405
  8,870
  9,356
  9,865
  10,398
  10,956
Tax expense, $m
  265
  311
  360
  411
  464
  519
  577
  637
  700
  765
  971
  1,042
  1,115
  1,191
  1,270
  1,352
  1,438
  1,527
  1,620
  1,717
  1,818
  1,924
  2,034
  2,149
  2,269
  2,395
  2,526
  2,664
  2,807
  2,958
Net income, $m
  716
  841
  972
  1,110
  1,254
  1,404
  1,560
  1,723
  1,893
  2,069
  2,626
  2,817
  3,014
  3,220
  3,434
  3,657
  3,888
  4,130
  4,381
  4,643
  4,916
  5,202
  5,499
  5,810
  6,135
  6,475
  6,830
  7,202
  7,591
  7,998

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $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
Total assets, $m
  8,725
  9,711
  10,747
  11,832
  12,967
  14,152
  15,386
  16,670
  18,006
  19,395
  20,838
  22,337
  23,896
  25,516
  27,200
  28,952
  30,775
  32,674
  34,651
  36,711
  38,859
  41,099
  43,437
  45,879
  48,429
  51,094
  53,880
  56,793
  59,841
  63,030
Adjusted assets (=assets-cash), $m
  8,725
  9,711
  10,747
  11,832
  12,967
  14,152
  15,386
  16,670
  18,006
  19,395
  20,838
  22,337
  23,896
  25,516
  27,200
  28,952
  30,775
  32,674
  34,651
  36,711
  38,859
  41,099
  43,437
  45,879
  48,429
  51,094
  53,880
  56,793
  59,841
  63,030
Revenue / Adjusted assets
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
  0.552
Average production assets, $m
  5,962
  6,636
  7,344
  8,086
  8,862
  9,671
  10,514
  11,392
  12,305
  13,254
  14,240
  15,265
  16,330
  17,437
  18,588
  19,785
  21,031
  22,328
  23,679
  25,087
  26,555
  28,086
  29,684
  31,353
  33,095
  34,916
  36,820
  38,811
  40,894
  43,073
Working capital, $m
  116
  129
  142
  157
  172
  187
  204
  221
  239
  257
  276
  296
  317
  338
  360
  384
  408
  433
  459
  486
  515
  544
  575
  608
  642
  677
  714
  752
  793
  835
Total debt, $m
  2,620
  3,096
  3,597
  4,121
  4,669
  5,242
  5,838
  6,458
  7,103
  7,774
  8,471
  9,195
  9,948
  10,730
  11,544
  12,390
  13,271
  14,188
  15,142
  16,137
  17,175
  18,257
  19,387
  20,566
  21,797
  23,085
  24,430
  25,837
  27,309
  28,850
Total liabilities, $m
  4,214
  4,690
  5,191
  5,715
  6,263
  6,835
  7,431
  8,052
  8,697
  9,368
  10,065
  10,789
  11,542
  12,324
  13,138
  13,984
  14,865
  15,781
  16,736
  17,731
  18,769
  19,851
  20,980
  22,159
  23,391
  24,678
  26,024
  27,431
  28,903
  30,443
Total equity, $m
  4,511
  5,020
  5,556
  6,117
  6,704
  7,316
  7,954
  8,619
  9,309
  10,027
  10,773
  11,548
  12,354
  13,192
  14,063
  14,968
  15,911
  16,892
  17,914
  18,979
  20,090
  21,248
  22,457
  23,719
  25,038
  26,415
  27,856
  29,362
  30,938
  32,586
Total liabilities and equity, $m
  8,725
  9,710
  10,747
  11,832
  12,967
  14,151
  15,385
  16,671
  18,006
  19,395
  20,838
  22,337
  23,896
  25,516
  27,201
  28,952
  30,776
  32,673
  34,650
  36,710
  38,859
  41,099
  43,437
  45,878
  48,429
  51,093
  53,880
  56,793
  59,841
  63,029
Debt-to-equity ratio
  0.580
  0.620
  0.650
  0.670
  0.700
  0.720
  0.730
  0.750
  0.760
  0.780
  0.790
  0.800
  0.810
  0.810
  0.820
  0.830
  0.830
  0.840
  0.850
  0.850
  0.850
  0.860
  0.860
  0.870
  0.870
  0.870
  0.880
  0.880
  0.880
  0.890
Adjusted equity ratio
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517
  0.517

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  716
  841
  972
  1,110
  1,254
  1,404
  1,560
  1,723
  1,893
  2,069
  2,626
  2,817
  3,014
  3,220
  3,434
  3,657
  3,888
  4,130
  4,381
  4,643
  4,916
  5,202
  5,499
  5,810
  6,135
  6,475
  6,830
  7,202
  7,591
  7,998
Depreciation, amort., depletion, $m
  1,109
  1,176
  1,247
  1,321
  1,399
  1,480
  1,564
  1,652
  1,743
  1,838
  1,424
  1,526
  1,633
  1,744
  1,859
  1,979
  2,103
  2,233
  2,368
  2,509
  2,656
  2,809
  2,968
  3,135
  3,310
  3,492
  3,682
  3,881
  4,089
  4,307
Funds from operations, $m
  1,825
  2,018
  2,220
  2,431
  2,653
  2,884
  3,125
  3,375
  3,636
  3,907
  4,050
  4,343
  4,647
  4,964
  5,293
  5,635
  5,991
  6,362
  6,749
  7,152
  7,572
  8,010
  8,468
  8,946
  9,445
  9,967
  10,512
  11,083
  11,680
  12,305
Change in working capital, $m
  12
  13
  14
  14
  15
  16
  16
  17
  18
  18
  19
  20
  21
  21
  22
  23
  24
  25
  26
  27
  28
  30
  31
  32
  34
  35
  37
  39
  40
  42
Cash from operations, $m
  1,813
  2,004
  2,206
  2,417
  2,638
  2,868
  3,108
  3,358
  3,618
  3,889
  4,031
  4,323
  4,627
  4,942
  5,270
  5,612
  5,967
  6,337
  6,723
  7,124
  7,543
  7,981
  8,437
  8,913
  9,411
  9,931
  10,475
  11,044
  11,640
  12,263
Maintenance CAPEX, $m
  -532
  -596
  -664
  -734
  -809
  -886
  -967
  -1,051
  -1,139
  -1,230
  -1,325
  -1,424
  -1,526
  -1,633
  -1,744
  -1,859
  -1,979
  -2,103
  -2,233
  -2,368
  -2,509
  -2,656
  -2,809
  -2,968
  -3,135
  -3,310
  -3,492
  -3,682
  -3,881
  -4,089
New CAPEX, $m
  -638
  -674
  -708
  -742
  -776
  -809
  -843
  -878
  -913
  -949
  -986
  -1,025
  -1,065
  -1,107
  -1,151
  -1,197
  -1,246
  -1,297
  -1,351
  -1,408
  -1,468
  -1,531
  -1,598
  -1,668
  -1,743
  -1,821
  -1,904
  -1,991
  -2,083
  -2,180
Cash from investing activities, $m
  -1,170
  -1,270
  -1,372
  -1,476
  -1,585
  -1,695
  -1,810
  -1,929
  -2,052
  -2,179
  -2,311
  -2,449
  -2,591
  -2,740
  -2,895
  -3,056
  -3,225
  -3,400
  -3,584
  -3,776
  -3,977
  -4,187
  -4,407
  -4,636
  -4,878
  -5,131
  -5,396
  -5,673
  -5,964
  -6,269
Free cash flow, $m
  642
  735
  834
  941
  1,054
  1,173
  1,298
  1,429
  1,566
  1,709
  1,720
  1,874
  2,035
  2,202
  2,376
  2,556
  2,743
  2,937
  3,139
  3,349
  3,567
  3,794
  4,030
  4,276
  4,533
  4,801
  5,080
  5,371
  5,676
  5,994
Issuance/(repayment) of debt, $m
  446
  476
  500
  524
  548
  572
  596
  620
  645
  671
  697
  724
  753
  782
  814
  846
  881
  917
  955
  995
  1,037
  1,082
  1,129
  1,179
  1,232
  1,287
  1,346
  1,407
  1,472
  1,540
Issuance/(repurchase) of shares, $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 from financing (excl. dividends), $m  
  446
  476
  500
  524
  548
  572
  596
  620
  645
  671
  697
  724
  753
  782
  814
  846
  881
  917
  955
  995
  1,037
  1,082
  1,129
  1,179
  1,232
  1,287
  1,346
  1,407
  1,472
  1,540
Total cash flow (excl. dividends), $m
  1,088
  1,211
  1,335
  1,465
  1,602
  1,745
  1,894
  2,050
  2,211
  2,380
  2,417
  2,599
  2,788
  2,985
  3,189
  3,402
  3,623
  3,854
  4,094
  4,344
  4,604
  4,876
  5,160
  5,456
  5,765
  6,088
  6,425
  6,779
  7,148
  7,534
Retained Cash Flow (-), $m
  -483
  -510
  -536
  -561
  -587
  -612
  -638
  -664
  -691
  -718
  -746
  -775
  -806
  -838
  -871
  -906
  -943
  -981
  -1,022
  -1,065
  -1,110
  -1,158
  -1,209
  -1,262
  -1,318
  -1,378
  -1,440
  -1,506
  -1,576
  -1,649
Prev. year cash balance distribution, $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 flow adjustment, $m
  26
  29
  32
  36
  39
  43
  47
  51
  55
  60
  64
  69
  74
  79
  85
  90
  96
  102
  108
  115
  122
  129
  136
  144
  152
  160
  169
  178
  188
  198
Cash available for distribution, $m
  606
  701
  799
  904
  1,015
  1,132
  1,256
  1,385
  1,521
  1,662
  1,671
  1,823
  1,982
  2,147
  2,318
  2,496
  2,681
  2,873
  3,072
  3,279
  3,494
  3,718
  3,951
  4,193
  4,446
  4,710
  4,985
  5,272
  5,572
  5,885
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  581
  642
  695
  744
  787
  822
  849
  866
  874
  871
  793
  778
  754
  721
  681
  634
  583
  529
  473
  417
  361
  308
  259
  214
  173
  137
  107
  82
  61
  44
Current shareholders' claim on cash, %
  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. is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets. EIG provides process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor and automation markets. It makes monitoring and metering devices, industrial battery chargers and uninterruptible power supplies, programmable power equipment, electrical test equipment and gas turbine sensors. EMG is a differentiated supplier of precision motion control solutions, thermal management systems, specialty metals and electrical interconnects. Its end markets include medical, automation, petrochemical and other industrial markets. It operates a network of aviation maintenance, repair and overhaul (MRO) facilities.

FINANCIAL RATIOS  of  Ametek (AME)

Valuation Ratios
P/E Ratio 33
Price to Sales 4.4
Price to Book 5.2
Price to Tangible Book
Price to Cash Flow 22.3
Price to Free Cash Flow 24.3
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 $4300 million for the last fiscal year's total revenue generated by Ametek. The default revenue input number comes from 2017 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 12% 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 4.3%, 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 75.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $145 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 5.4% 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 0.6%.

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 123.8%.

Life of production assets of 10 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 2.4%. 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 - $4028 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 230 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 $16.9 billion.

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COMPANY NEWS

▶ Is AMETEK Inc (NYSE:AME) Undervalued?   [Jun-21-18 02:31PM  Simply Wall St.]
▶ IBD Rating Upgrades: Ametek Flashes Improved Price Strength   [May-25-18 03:00AM  Investor's Business Daily]
▶ Matthew J. Conti Elected Vice President, Human Resources   [May-09-18 07:03AM  PR Newswire]
▶ AMETEK Declares Quarterly Dividend   [07:00AM  PR Newswire]
▶ AMETEK Acquires SoundCom Systems   [06:52AM  PR Newswire]
▶ Lou Simpson Sells Ametek, Reduces Hexcel, Berkshire   [Feb-28-18 03:01PM  GuruFocus.com]
▶ Former Buffett Associate Lou Simpson Buys 2 New Stocks   [Feb-14-18 04:24PM  GuruFocus.com]
▶ AMETEK Completes Two Acquisitions   [06:57AM  PR Newswire]
▶ AMETEK Increases Quarterly Dividend   [06:56AM  PR Newswire]
▶ ETFs with exposure to AMETEK, Inc. : December 12, 2017   [Dec-12-17 12:43PM  Capital Cube]
▶ Ametek Earns Composite Rating Upgrade   [Dec-05-17 03:00AM  Investor's Business Daily]
▶ ETFs with exposure to AMETEK, Inc. : November 30, 2017   [Nov-30-17 01:17PM  Capital Cube]
▶ Five Companies Hit 52-Week Highs   [Nov-21-17 10:36AM  GuruFocus.com]
▶ ETFs with exposure to AMETEK, Inc. : November 20, 2017   [Nov-20-17 11:32AM  Capital Cube]
▶ ETFs with exposure to AMETEK, Inc. : November 9, 2017   [Nov-09-17 11:48AM  Capital Cube]
▶ AMETEK Inc (AME): Poised For Long-Term Success?   [Nov-02-17 04:42PM  Simply Wall St.]
▶ ETFs with exposure to AMETEK, Inc. : October 24, 2017   [Oct-24-17 09:34AM  Capital Cube]
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