Intrinsic value of Ametek - AME

Previous Close

$70.39

  Intrinsic Value

$87.15

stock screener

  Rating & Target

buy

+24%

Previous close

$70.39

 
Intrinsic value

$87.15

 
Up/down potential

+24%

 
Rating

buy

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 0001), $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 16.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  13.60
  12.74
  11.97
  11.27
  10.64
  10.08
  9.57
  9.11
  8.70
  8.33
  8.00
  7.70
  7.43
  7.19
  6.97
  6.77
  6.59
  6.43
  6.29
  6.16
  6.05
  5.94
  5.85
  5.76
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
Revenue, $m
  4,885
  5,507
  6,166
  6,861
  7,591
  8,357
  9,156
  9,991
  10,860
  11,765
  12,706
  13,684
  14,701
  15,757
  16,855
  17,996
  19,183
  20,417
  21,702
  23,039
  24,432
  25,883
  27,396
  28,975
  30,623
  32,343
  34,140
  36,017
  37,980
  40,033
Variable operating expenses, $m
  3,614
  4,009
  4,427
  4,868
  5,331
  5,817
  6,325
  6,854
  7,406
  7,980
  8,065
  8,686
  9,331
  10,002
  10,698
  11,423
  12,176
  12,959
  13,775
  14,623
  15,507
  16,429
  17,389
  18,391
  19,437
  20,529
  21,669
  22,861
  24,107
  25,410
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
  3,762
  4,160
  4,582
  5,026
  5,493
  5,982
  6,494
  7,027
  7,582
  8,160
  8,249
  8,874
  9,523
  10,199
  10,899
  11,628
  12,386
  13,174
  13,994
  14,847
  15,736
  16,663
  17,628
  18,635
  19,687
  20,784
  21,930
  23,128
  24,380
  25,689
Operating income, $m
  1,123
  1,347
  1,585
  1,835
  2,098
  2,374
  2,663
  2,964
  3,278
  3,604
  4,457
  4,810
  5,177
  5,559
  5,956
  6,368
  6,797
  7,243
  7,708
  8,191
  8,695
  9,220
  9,768
  10,339
  10,936
  11,559
  12,209
  12,890
  13,601
  14,345
EBITDA, $m
  1,749
  1,988
  2,241
  2,507
  2,787
  3,081
  3,388
  3,709
  4,042
  4,390
  4,752
  5,128
  5,518
  5,925
  6,347
  6,786
  7,242
  7,717
  8,211
  8,726
  9,262
  9,821
  10,404
  11,012
  11,646
  12,309
  13,001
  13,725
  14,482
  15,273
Interest expense (income), $m
  0
  117
  145
  174
  205
  238
  273
  309
  347
  386
  427
  470
  514
  560
  609
  658
  710
  764
  820
  879
  939
  1,002
  1,068
  1,137
  1,208
  1,283
  1,361
  1,442
  1,527
  1,616
  1,708
Earnings before tax, $m
  1,006
  1,203
  1,411
  1,630
  1,860
  2,102
  2,354
  2,617
  2,892
  3,177
  3,987
  4,296
  4,617
  4,951
  5,297
  5,658
  6,033
  6,423
  6,829
  7,252
  7,693
  8,152
  8,631
  9,131
  9,653
  10,198
  10,767
  11,363
  11,985
  12,636
Tax expense, $m
  272
  325
  381
  440
  502
  567
  636
  707
  781
  858
  1,077
  1,160
  1,247
  1,337
  1,430
  1,528
  1,629
  1,734
  1,844
  1,958
  2,077
  2,201
  2,330
  2,465
  2,606
  2,753
  2,907
  3,068
  3,236
  3,412
Net income, $m
  734
  878
  1,030
  1,190
  1,358
  1,534
  1,718
  1,911
  2,111
  2,319
  2,911
  3,136
  3,370
  3,614
  3,867
  4,130
  4,404
  4,689
  4,985
  5,294
  5,616
  5,951
  6,301
  6,666
  7,047
  7,444
  7,860
  8,295
  8,749
  9,224

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
  8,850
  9,977
  11,171
  12,430
  13,753
  15,139
  16,588
  18,099
  19,674
  21,313
  23,018
  24,790
  26,632
  28,546
  30,535
  32,602
  34,752
  36,988
  39,314
  41,737
  44,260
  46,890
  49,631
  52,491
  55,476
  58,592
  61,847
  65,249
  68,805
  72,524
Adjusted assets (=assets-cash), $m
  8,850
  9,977
  11,171
  12,430
  13,753
  15,139
  16,588
  18,099
  19,674
  21,313
  23,018
  24,790
  26,632
  28,546
  30,535
  32,602
  34,752
  36,988
  39,314
  41,737
  44,260
  46,890
  49,631
  52,491
  55,476
  58,592
  61,847
  65,249
  68,805
  72,524
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
  3,297
  3,717
  4,162
  4,631
  5,124
  5,641
  6,181
  6,744
  7,331
  7,941
  8,577
  9,237
  9,923
  10,636
  11,377
  12,148
  12,948
  13,782
  14,649
  15,551
  16,491
  17,471
  18,493
  19,558
  20,670
  21,831
  23,044
  24,312
  25,637
  27,022
Working capital, $m
  518
  584
  654
  727
  805
  886
  971
  1,059
  1,151
  1,247
  1,347
  1,451
  1,558
  1,670
  1,787
  1,908
  2,033
  2,164
  2,300
  2,442
  2,590
  2,744
  2,904
  3,071
  3,246
  3,428
  3,619
  3,818
  4,026
  4,244
Total debt, $m
  2,680
  3,225
  3,801
  4,409
  5,048
  5,718
  6,418
  7,148
  7,908
  8,700
  9,524
  10,380
  11,269
  12,193
  13,154
  14,153
  15,191
  16,271
  17,395
  18,565
  19,784
  21,054
  22,378
  23,759
  25,201
  26,706
  28,278
  29,921
  31,639
  33,435
Total liabilities, $m
  4,274
  4,819
  5,396
  6,004
  6,643
  7,312
  8,012
  8,742
  9,503
  10,294
  11,118
  11,974
  12,863
  13,788
  14,748
  15,747
  16,785
  17,865
  18,989
  20,159
  21,378
  22,648
  23,972
  25,353
  26,795
  28,300
  29,872
  31,515
  33,233
  35,029
Total equity, $m
  4,575
  5,158
  5,775
  6,426
  7,110
  7,827
  8,576
  9,357
  10,172
  11,019
  11,900
  12,817
  13,769
  14,758
  15,786
  16,855
  17,967
  19,123
  20,326
  21,578
  22,883
  24,242
  25,659
  27,138
  28,681
  30,292
  31,975
  33,734
  35,572
  37,495
Total liabilities and equity, $m
  8,849
  9,977
  11,171
  12,430
  13,753
  15,139
  16,588
  18,099
  19,675
  21,313
  23,018
  24,791
  26,632
  28,546
  30,534
  32,602
  34,752
  36,988
  39,315
  41,737
  44,261
  46,890
  49,631
  52,491
  55,476
  58,592
  61,847
  65,249
  68,805
  72,524
Debt-to-equity ratio
  0.590
  0.630
  0.660
  0.690
  0.710
  0.730
  0.750
  0.760
  0.780
  0.790
  0.800
  0.810
  0.820
  0.830
  0.830
  0.840
  0.850
  0.850
  0.860
  0.860
  0.860
  0.870
  0.870
  0.880
  0.880
  0.880
  0.880
  0.890
  0.890
  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
  734
  878
  1,030
  1,190
  1,358
  1,534
  1,718
  1,911
  2,111
  2,319
  2,911
  3,136
  3,370
  3,614
  3,867
  4,130
  4,404
  4,689
  4,985
  5,294
  5,616
  5,951
  6,301
  6,666
  7,047
  7,444
  7,860
  8,295
  8,749
  9,224
Depreciation, amort., depletion, $m
  626
  641
  656
  672
  689
  707
  725
  745
  765
  786
  295
  317
  341
  366
  391
  417
  445
  474
  503
  534
  567
  600
  635
  672
  710
  750
  792
  835
  881
  929
Funds from operations, $m
  1,360
  1,519
  1,686
  1,862
  2,047
  2,241
  2,444
  2,655
  2,876
  3,105
  3,205
  3,453
  3,711
  3,979
  4,258
  4,548
  4,849
  5,162
  5,489
  5,828
  6,182
  6,551
  6,936
  7,338
  7,757
  8,195
  8,652
  9,130
  9,630
  10,153
Change in working capital, $m
  62
  66
  70
  74
  77
  81
  85
  88
  92
  96
  100
  104
  108
  112
  116
  121
  126
  131
  136
  142
  148
  154
  160
  167
  175
  182
  190
  199
  208
  218
Cash from operations, $m
  1,298
  1,453
  1,616
  1,788
  1,970
  2,160
  2,359
  2,567
  2,784
  3,009
  3,106
  3,350
  3,604
  3,867
  4,142
  4,427
  4,723
  5,032
  5,353
  5,687
  6,035
  6,398
  6,776
  7,170
  7,582
  8,012
  8,462
  8,931
  9,422
  9,935
Maintenance CAPEX, $m
  -100
  -113
  -128
  -143
  -159
  -176
  -194
  -212
  -232
  -252
  -273
  -295
  -317
  -341
  -366
  -391
  -417
  -445
  -474
  -503
  -534
  -567
  -600
  -635
  -672
  -710
  -750
  -792
  -835
  -881
New CAPEX, $m
  -394
  -420
  -445
  -469
  -493
  -516
  -540
  -563
  -587
  -611
  -635
  -660
  -686
  -713
  -741
  -770
  -801
  -833
  -867
  -903
  -940
  -980
  -1,022
  -1,066
  -1,112
  -1,161
  -1,213
  -1,267
  -1,325
  -1,386
Cash from investing activities, $m
  -494
  -533
  -573
  -612
  -652
  -692
  -734
  -775
  -819
  -863
  -908
  -955
  -1,003
  -1,054
  -1,107
  -1,161
  -1,218
  -1,278
  -1,341
  -1,406
  -1,474
  -1,547
  -1,622
  -1,701
  -1,784
  -1,871
  -1,963
  -2,059
  -2,160
  -2,267
Free cash flow, $m
  805
  919
  1,043
  1,176
  1,318
  1,467
  1,625
  1,791
  1,965
  2,147
  2,198
  2,395
  2,600
  2,813
  3,035
  3,265
  3,505
  3,753
  4,012
  4,281
  4,560
  4,851
  5,154
  5,469
  5,798
  6,141
  6,498
  6,872
  7,261
  7,669
Issuance/(repayment) of debt, $m
  506
  545
  577
  608
  639
  669
  700
  730
  761
  792
  823
  856
  890
  924
  961
  999
  1,038
  1,080
  1,124
  1,170
  1,219
  1,270
  1,324
  1,381
  1,442
  1,505
  1,572
  1,643
  1,718
  1,796
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  
  506
  545
  577
  608
  639
  669
  700
  730
  761
  792
  823
  856
  890
  924
  961
  999
  1,038
  1,080
  1,124
  1,170
  1,219
  1,270
  1,324
  1,381
  1,442
  1,505
  1,572
  1,643
  1,718
  1,796
Total cash flow (excl. dividends), $m
  1,311
  1,464
  1,620
  1,784
  1,956
  2,137
  2,325
  2,521
  2,726
  2,938
  3,021
  3,251
  3,489
  3,738
  3,996
  4,264
  4,543
  4,833
  5,136
  5,451
  5,779
  6,121
  6,478
  6,851
  7,240
  7,646
  8,071
  8,515
  8,979
  9,465
Retained Cash Flow (-), $m
  -548
  -583
  -617
  -651
  -684
  -717
  -749
  -782
  -814
  -847
  -881
  -916
  -952
  -989
  -1,028
  -1,069
  -1,111
  -1,156
  -1,203
  -1,252
  -1,305
  -1,359
  -1,417
  -1,479
  -1,543
  -1,611
  -1,683
  -1,759
  -1,839
  -1,923
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
  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
  763
  881
  1,003
  1,133
  1,273
  1,420
  1,576
  1,740
  1,911
  2,091
  2,140
  2,335
  2,537
  2,748
  2,967
  3,195
  3,432
  3,677
  3,933
  4,198
  4,474
  4,762
  5,061
  5,372
  5,697
  6,035
  6,388
  6,756
  7,141
  7,542
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
  732
  806
  873
  933
  986
  1,031
  1,065
  1,087
  1,098
  1,096
  1,016
  996
  965
  923
  871
  812
  747
  677
  606
  533
  463
  395
  332
  274
  222
  176
  137
  105
  78
  57
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 31.5
Price to Sales 4.2
Price to Book 5
Price to Tangible Book
Price to Cash Flow 21.3
Price to Free Cash Flow 23.3
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 $4300.17 million for the last fiscal year's total revenue generated by Ametek. The default revenue input number comes from 0001 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 13.6% 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%.

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 67.5%.

Life of production assets of 29.1 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 10.6%. 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 - $4027.633 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 231.897 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 $16.3 billion.

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COMPANY NEWS

▶ Do Directors Own AMETEK, Inc. (NYSE:AME) Shares?   [Dec-14-18 10:25AM  Simply Wall St.]
▶ Mario Gabelli Comments on AMETEK   [Dec-12-18 02:51PM  GuruFocus.com]
▶ Is AMETEK, Inc. (AME) Going to Burn These Hedge Funds?   [Dec-10-18 12:35PM  Insider Monkey]
▶ AMETEK Acquires Spectro Scientific   [08:00AM  PR Newswire]
▶ Does AMETEK Incs (NYSE:AME) CEO Salary Reflect Performance?   [Nov-22-18 07:52AM  Simply Wall St.]
▶ AMETEK Declares Quarterly Dividend   [08:00AM  PR Newswire]
▶ AMETEK Completes Two Acquisitions   [06:56AM  PR Newswire]
▶ How Should You Value AMETEK Incs (NYSE:AME)?   [09:10AM  Simply Wall St.]
▶ Mario Gabelli's Gabelli Asset Fund 2nd Quarter Commentary   [Sep-14-18 03:00PM  GuruFocus.com]
▶ Mario Gabelli Comments on AMETEK Inc.   [02:59PM  GuruFocus.com]
▶ Does AMETEK Incs (NYSE:AME) Debt Level Pose A Problem?   [Aug-21-18 11:44AM  Simply Wall St.]
▶ Why AMETEK (AME) Stock Might be a Great Pick   [Aug-20-18 08:34AM  Zacks]
▶ AMETEK Declares Quarterly Dividend   [08:00AM  PR Newswire]
▶ AMETEK Acquires Motec GmbH   [06:56AM  PR Newswire]
▶ 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]

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