MeritValue

AMETEK INC/

AMEdata completeness 100%19 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$5.55B1$6.15B2$6.6B3$6.94B3$7.4B3
Net income$990.1M4$1.16B5$1.31B6$1.38B6$1.48B6
Operating cash flow$1.16B7$1.15B8$1.74B9$1.83B9$1.8B9
Capital expenditure$110.7M10$139M11$136.2M12$127.1M12$130.2M12
Free cash flow (derived)$1.05B7$1.01B8$1.6B9$1.7B9$1.67B9
Total debt$5.09B13$4.77B14$6.63B15$4.16B16$4.57B16
Cash & equivalents$346.8M17$345.4M18$409.8M19$374M20$458M20
Diluted shares232.8M231.5M231.5M232.2M231.3M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.0000043%
of the whole company
Your share of last year’s profit
$64
Your share of its debt
$197.47
Your share of free cash flow
$72.28
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$331.14
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth16.8%
  • fcfBase$1.67B
DCF · Growth Exit 5Y
$195.45
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth16.8%
  • fcfBase$1.67B
Earnings Power Value
$59.84
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.31B
  • growthAssumed0.0%
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years16.8%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $195.45

Default growth 16.8%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001037868-24-000009 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001037868-25-000012 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001037868-26-000016 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001037868-24-000009 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001037868-25-000012 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001037868-26-000016 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0001037868-24-000009 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001037868-25-000012 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001037868-26-000016 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001037868-24-000009 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0001037868-25-000012 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-31 · accession 0001037868-26-000016 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-31 · accession 0001037868-23-000012 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2022-12-31 · accession 0001037868-24-000009 (LongTermDebtNoncurrent)
  15. 10-K · period ending 2023-12-31 · accession 0001037868-25-000012 (LongTermDebtNoncurrent)
  16. 10-K · period ending 2024-12-31 · accession 0001037868-26-000016 (LongTermDebtNoncurrent)
  17. 10-K · period ending 2021-12-31 · accession 0001037868-23-000012 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-12-31 · accession 0001037868-24-000009 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-12-31 · accession 0001037868-25-000012 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-12-31 · accession 0001037868-26-000016 (CashAndCashEquivalentsAtCarryingValue)