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Ampco-Pittsburgh (AP)
NYSE:AP
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Ampco-Pittsburgh
(NYSE:AP)
58Neutral
Ampco-Pittsburgh (AP) vs. S&P 500 (SPY)
Market Cap
$38.98M
Dividend YieldN/A
Average Volume (3M)29.90K
Price to Earnings (P/E)101.0
Beta (1Y)1.49
Revenue Growth-0.96%
EPS GrowthN/A
CountryUS
Employees1,634
SectorIndustrials
Sector Strength70
IndustryManufacturing - Metal Fabrication
Share Statistics
EPS (TTM)0.02
Shares Outstanding20,094,618
10 Day Avg. Volume34,151
30 Day Avg. Volume29,897
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.10
Price to Cash Flow (P/CF)1.00
P/FCF Ratio0.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Ampco-Pittsburgh Business Overview & Revenue Model
Company DescriptionAmpco-Pittsburgh Corporation is a diversified industrial company primarily engaged in manufacturing and selling highly engineered, high-performance specialty metal products and custom equipment. Operating in sectors such as steel, aluminum, and other industries requiring precision-engineered solutions, the company's core products include forged and cast rolls, air and liquid processing equipment, and other specialized machinery.
How the Company Makes MoneyAmpco-Pittsburgh generates revenue through the production and sale of specialty metal products and custom-engineered equipment. Its key revenue streams include the sale of forged and cast rolls used in rolling mills for steel and aluminum production, and the sale of air and liquid processing equipment serving various industrial applications. The company serves a global customer base, which includes manufacturers in the steel, aluminum, and other sectors that require durable and precisely engineered products to support their production processes. Revenue is further supported by service agreements and aftermarket sales, providing ongoing maintenance and parts replacement for their products. Strategic partnerships and long-term contracts with leading industry players also contribute significantly to its earnings.
Ampco-Pittsburgh Financial Statement Overview
Summary
Ampco-Pittsburgh shows some recovery with improved profitability and cash flow generation, yet faces challenges with leverage and equity strength. Operational margins are improving, but high debt levels and low returns on equity present risks.Income Statement
Ampco-Pittsburgh has shown a mixed performance in its income statement. The Gross Profit Margin improved to 19.5% in 2024 from 17.7% in 2023, indicating better cost management. However, the Net Profit Margin remains low at 0.1% despite a return to profitability, highlighting challenges in translating revenue to net income. The Revenue Growth Rate is slightly negative at -0.95%, reflecting a slight decline in revenue. EBIT and EBITDA margins have improved, but remain modest at 2.9% and 8.4% respectively, showing some progress in operational efficiency.62
Positive
Balance Sheet
The balance sheet presents leverage concerns with a high Debt-to-Equity Ratio of 2.26, indicating significant reliance on debt financing. Return on Equity is very low at 0.74%, suggesting limited returns for shareholders. The Equity Ratio is weak at 11.1%, underlining a low proportion of equity financing in the capital structure. These metrics suggest financial vulnerability and a need for stronger equity positions.47
Neutral
Cash Flow
The cash flow statement shows improvement with a positive Free Cash Flow of $5.83 million, up from a negative position in the prior year. The Operating Cash Flow to Net Income Ratio is robust at 41.16, indicating strong cash generation relative to net income. However, the Free Cash Flow to Net Income Ratio is relatively low at 13.32, suggesting that not all net income translates to free cash flow, pointing to potential inefficiencies or necessary investments.53
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 418.31M | 422.34M | 390.19M | 344.92M | 328.54M | Gross Profit |
| 81.50M | 74.56M | 62.19M | 57.28M | 71.03M | EBIT |
| 12.17M | -34.57M | 7.80M | -292.00K | 11.89M | EBITDA |
| 35.28M | -12.23M | 28.43M | 20.51M | 31.42M | Net Income Common Stockholders |
| 438.00K | -39.93M | 3.42M | -12.13M | 7.97M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 15.43M | 7.29M | 8.73M | 10.34M | 16.84M | Total Assets |
| 530.90M | 565.65M | 502.77M | 485.63M | 463.21M | Total Debt |
| 133.17M | 133.42M | 108.99M | 64.97M | 41.59M | Net Debt |
| 117.75M | 126.14M | 100.26M | 54.64M | 24.75M | Total Liabilities |
| 459.81M | 494.08M | 389.38M | 393.83M | 378.21M | Stockholders Equity |
| 58.88M | 60.94M | 104.33M | 82.57M | 76.56M |
| Cash Flow | Free Cash Flow | |||
| 5.83M | -24.13M | -43.90M | -31.10M | 25.17M | Operating Cash Flow |
| 18.03M | -3.69M | -27.21M | -15.87M | 33.63M | Investing Cash Flow |
| -8.24M | -19.68M | -16.31M | -14.73M | -7.93M | Financing Cash Flow |
| -1.35M | 21.69M | 42.59M | 24.40M | -17.22M |
Ampco-Pittsburgh Technical Analysis
Positive
1.94
Price Trends
2.09
Negative
2.12
Negative
1.91
Positive
Market Momentum
0.01
Negative
50.97
Neutral
34.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AP, the sentiment is Positive. The current price of 1.94 is below the 20-day moving average (MA) of 2.09, below the 50-day MA of 2.09, and above the 200-day MA of 1.91, indicating a neutral trend. The MACD of 0.01 indicates Negative momentum. The RSI at 50.97 is Neutral, neither overbought nor oversold. The STOCH value of 34.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AP.
Ampco-Pittsburgh Risk Analysis
Ampco-Pittsburgh disclosed 27 risk factors in its most recent earnings report. Ampco-Pittsburgh reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ampco-Pittsburgh Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $8.74B | 33.03 | 16.82% | 0.46% | 5.65% | 84.17% | |
71 Outperform | $26.65B | 13.65 | 9.79% | 1.99% | -11.46% | -53.33% | |
70 Outperform | $6.54B | 18.30 | 22.82% | ― | 4.51% | -2.90% | |
66 Neutral | $4.95B | 72.75 | 1.78% | 1.64% | -7.93% | -89.29% | |
62 Neutral | $7.50B | 12.89 | 3.19% | 3.38% | 3.64% | -14.27% | |
58 Neutral | $38.98M | 100.97 | 0.73% | ― | -0.96% | ― | |
56 Neutral | $882.63M | 19.12 | 7.09% | 5.62% | -2.04% | -1.36% |
* Industrials Sector Average
Performance Comparison
AP
Ampco-Pittsburgh
2.08
-0.29
-12.24%
ATI
ATI
46.73
-4.91
-9.51%
CRS
Carpenter Technology
170.88
93.86
121.86%
CMC
Commercial Metals Company
41.89
-12.54
-23.04%
KALU
Kaiser Aluminum
55.50
-30.24
-35.27%
NUE
Nucor
111.24
-80.13
-41.87%
Ampco-Pittsburgh Earnings Call Summary
Earnings Call Date: Mar 12, 2025 | % Change Since: 8.38% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Positive
The call highlighted significant achievements in the Air and Liquid Processing segment and improvements in profitability despite challenges. However, the decline in sales for the Forged and Cast Engineered Products segment and ongoing issues in the UK operations were notable concerns. The overall sentiment is slightly more positive due to the record sales and market opportunities in certain segments, despite some challenges.Highlights
Record Sales in Air and Liquid Processing
The Air and Liquid Processing segment achieved record sales for 2024, improving 11% from the prior year. The fourth quarter was one of the best in its history with a Q4 revenue increase of 6.5% versus the prior year.
Improvement in Forged and Cast Engineered Products
The segment achieved a 38% improvement in income from operations compared to 2023, with $10.5 million for the full year despite lower sales.
Positive Market Outlook
The Air and Liquid Processing segment sees strong demand in the nuclear and military markets, along with increased activity in the pharmaceutical market.
Strong Backlog Growth
Year-end backlog for Air and Liquid Processing was 77% higher than three years ago.
Improved Financial Performance
Ampco-Pittsburgh reported earnings per share of $6 for Q4 2024 and $0.02 for the full year. Net cash flow from operating activities was $18 million for 2024.
Lowlights
Decline in Forged and Cast Engineered Products Sales
Net sales for the Forged and Cast Engineered Products segment were $66.5 million in Q4 2024, down from $75.8 million in Q4 2023.
Challenges in UK Operations
The UK plant has experienced significant losses due to market overcapacity, high energy costs, and increased pressure from low-priced imports. A formal collective consultation process has been initiated to address these issues.
Decline in Consolidated Net Sales
Consolidated net sales for Q4 2024 were $100.9 million, a decline of 6.6% compared to Q4 2023, primarily due to lower shipment volumes of mill rolls.
Increased Operating Expenses
Selling and administrative expenses increased in 2024 compared to 2023, due to higher employee-related expenses and professional fees.
Company Guidance
In the fourth quarter of 2024, Ampco-Pittsburgh Corporation reported earnings per common share of $6, with a full-year earnings per share of $0.02. The net cash flow from operating activities was $7.5 million for the quarter and $18 million for the year. The company saw an income from operations of $12.2 million for 2024, including a $4.1 million non-cash asbestos-related benefit, and an adjusted income from operations of $8 million on a non-GAAP basis. The Air and Liquid Processing segment reported record sales, improving by 11% from the prior year, while the Forged and Cast Engineered Products segment saw a 38% improvement in income from operations compared to 2023, despite lower sales. The company is engaged in a formal collective consultation process in the UK, which could potentially impact annual operating income by at least $5 million if resolved. The backlog at the end of 2024 was $378.9 million, consistent with the previous year, and the total debt balance remained flat at $128.6 million.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.