Ampco-Pittsburgh Corporation manufactures and sells custom designed engineering products to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products, and Air and Liquid Processing. The company was founded in 1929 and is based in Carnegie, Pennsylvania.
AP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Ampco Pittsburgh Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ampco Pittsburgh Corp ranked in the 88th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Ampco Pittsburgh Corp ended up being:
In the past 5.41 years, Ampco Pittsburgh Corp has a compound free cash flow growth rate of 0.37%; that's higher than 75.1% of free cash flow generating stocks in the Industrials sector.
Ampco Pittsburgh Corp's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
RLGT, RCMT, CPA, STCN, and EVI can be thought of as valuation peers to AP, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or "Ampco-Pittsburgh") announced today the closing of its previously announced rights offering. At closing, the Corporation delivered up to 5,507,889 shares of the Corporation's common stock (the "Common Shares") and 12,339,256 Series A warrants for total gross proceeds of $19,278,854, excluding any proceeds that may be received by the Corporation from the future exercise of the Series A warrants. The rig
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today that the subscription period of its previously announced rights offering expired on Friday, September 18, 2020, at 5:00 PM Eastern Time (the “Expiration Time”), and these rights are no longer exercisable. The subscriptions totaled approximately 12.3 million units, raising gross proceeds of approximately $19.3 million, excluding any proceeds that may be received by th
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today that it has received $18,557,202.89 of subscriptions (approximately 93% subscribed) for its up to $20 million rights offering. Approximately 7%, or $1,442,797.11, remains available. In order to accommodate right holders who wish to subscribe for additional units, Ampco-Pittsburgh is extending the expiration of its previously announced rights offering two business day
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) reminds its rights holders of upcoming deadlines and essential details of its previously announced rights offering. The rights offering will expire on Wednesday, September 16, 2020, at 5:00 PM Eastern Time (the “Expiration Time”), unless extended. Rights holders will need to exercise their subscription rights prior to the Expiration Time to receive the Units in this rights offering.