Ampco-Pittsburgh Corporation
Find Ratings ReportsAMPCO-PITTSBURGH CORP's gross profit margin for the third quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. AMPCO-PITTSBURGH CORP has weak liquidity. Currently, the Quick Ratio is 0.88 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 50.47% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 102.22 | 99.65 |
EBITDA ($mil) | 5.91 | 4.46 |
EBIT ($mil) | 1.53 | 0.25 |
Net Income ($mil) | 0.81 | 1.12 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 6.07 | 12.19 |
Total Assets ($mil) | 506.11 | 484.37 |
Total Debt ($mil) | 132.66 | 101.84 |
Equity ($mil) | 104.44 | 69.41 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 17.34 | 15.6 |
EBITDA Margin | 5.77 | 4.47 |
Operating Margin | 1.49 | 0.25 |
Sales Turnover | 0.81 | 0.79 |
Return on Assets | 0.28 | -1.74 |
Return on Equity | 1.38 | -12.18 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 2.04 | 1.72 |
Debt/Capital | 0.56 | 0.59 |
Interest Expense | 2.47 | 1.49 |
Interest Coverage | 0.62 | 0.17 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 19.73 | 19.4 |
Div / share | 0.0 | 0.0 |
EPS | 0.04 | 0.06 |
Book value / share | 5.29 | 3.58 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 41048.0 | 19143.0 |
SELL. The current P/E ratio indicates a discount compared to an average of 43.07 for the Fabricated Metal Product Manufacturing subsector and a premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.47 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 5.58. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, AMPCO-PITTSBURGH CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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AP 35.71 | Peers 43.07 | AP NM | Peers 25.53 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. AP is trading at a discount to its peers. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. AP's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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AP NA | Peers 21.13 | AP NA | Peers 2.46 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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AP 0.47 | Peers 5.58 | AP 115.55 | Peers 31.55 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. AP is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. AP is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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AP 0.12 | Peers 3.60 | AP 6.97 | Peers 9.90 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. AP is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. AP significantly trails its peers on the basis of sales growth. |
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