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 21th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 70.33%. In terms of the factors that were most noteworthy in this DCF analysis for AP, they are:
Ampco Pittsburgh Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 0.43. This coverage rate is greater than that of only 24.2% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Ampco Pittsburgh Corp experienced a tax rate of about 0% over the past twelve months; relative to its sector (Industrials), this tax rate is higher than only 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
DCI, ENR, PNR, WLFC, and DXPE 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.
Ampco-Pittsburgh (AP) down 6.2% on announcing that it is contemplating a rights offering.Ampco-Pittsburgh is considering offering any or all of the following securities: common stock, dividend yielding preferred stock, warrants and/or dividend yielding convertible preferred stock."We are exploring a potential rights offering to raise additional capital to accelerate our restructuring efforts, improve overall...
Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation") announced today that it is contemplating a rights offering that would, when initiated, involve the issuance to its shareholders (as of a future record date) of a dividend of rights and potential over-subscription rights to purchase shares of its capital stock ("Shares") and potentially other securities. The Corporation is considering offering any or all of the following securities: common stock, dividend yielding preferred stock, warrants and/or dividend yielding convertible preferred stock. The offering of the securities would be made pursuant to a registration statement on Form S-1 (the "Registration Statement") filed with the Securities and Exchange Commission (the "SEC").
In this article you are going to find out whether hedge funds think Ampco-Pittsburgh Corp. (NYSE:AP) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]