Ampco-Pittsburgh (AP) AI Stock Analysis

• Market Cap: $72.16M
• Dividend Yield: N/A
• Average Volume (3M): 56.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.56
• Revenue Growth: 0.20%
• EPS Growth: 88.39%
• Country: US
• Employees: 1,634
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): -0.11
• Shares Outstanding: 20,326,390
• 10 Day Avg. Volume: 45,406
• 30 Day Avg. Volume: 56,830
• PEG Ratio: -0.94
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 0.10
• P/FCF Ratio: 7.12
• Enterprise Value/Market Cap: 2.81
• Enterprise Value/Revenue: 0.48
• Enterprise Value/Gross Profit: 2.38
• Enterprise Value/Ebitda: 5.98
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: $3.50 ▼(-3.85% Downside)

Ampco-Pittsburgh's overall stock score reflects significant financial challenges, including low profitability and high leverage, which weigh heavily on the score. Despite strong technical indicators suggesting bullish momentum, the negative P/E ratio and lack of dividend yield are concerning. The earnings call provided some positive insights with EBITDA growth, but corporate events highlighted ongoing risks.

Positive Factors

Revenue Growth

The 12% increase in net sales indicates strong demand for Ampco-Pittsburgh's products, supporting long-term growth prospects and market position.

Strategic Exits

Exiting underperforming assets like the U.K. facility enhances operational efficiency and profitability, strengthening financial health over time.

Segment Performance

Record performance in the Air and Liquid segment highlights strong execution and market demand, contributing to sustainable revenue growth.

Negative Factors

High Leverage

High leverage can limit financial flexibility and increase vulnerability to economic downturns, impacting long-term stability.

Cash Flow Challenges

Negative cash flow growth indicates difficulties in generating cash, which can constrain investment and operational capabilities over time.

Profitability Issues

Sustained profitability issues can hinder reinvestment in the business and affect competitive positioning in the long term.

Ampco-Pittsburgh Business Overview & Revenue Model

Company Description

Ampco-Pittsburgh Corporation, together with its subsidiaries, engages in manufacture and sale of specialty metal products and customized equipment to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products (FCEG); and Air and Liquid Processing. The FCEG segment produces forged hardened steel rolls that are used in cold rolling mills by producers of steel, aluminum, and other metals; cast rolls for hot and cold strip, medium/heavy section, hot strip finishing, roughing, and plate mills in various iron and steel qualities; and forged engineered products for use in the steel distribution, oil and gas, and aluminum and plastic extrusion industries. This segment also offers forged rolls for cluster and Z-Hi mills; work rolls for narrow and wide strip and aluminum mills; back-up rolls for narrow strip mills; leveling rolls and shafts; and distributes tool steels, alloys, and carbon round bars. The Air and Liquid Processing segment produces custom-engineered finned tube heat exchange coils and related heat transfer products for various industries, including OEM/commercial, nuclear power generation, and industrial manufacturing; and custom-designed air handling systems for institutional, pharmaceutical, and general industrial building markets. This segment also provides centrifugal pumps the fossil-fueled power generation, marine defense, and industrial refrigeration industries. The company was incorporated in 1929 and is headquartered in Carnegie, Pennsylvania.

How the Company Makes Money

Ampco-Pittsburgh generates revenue through the sale of its engineered products and services across multiple industries. Key revenue streams include the production and sale of forged and cast products, which are used in heavy machinery and equipment, and the supply of energy-related products, including heat exchangers and specialty items. The company benefits from long-term contracts with major industrial clients, providing a stable income source. Additionally, strategic partnerships with other manufacturers and suppliers enhance its market reach and operational capabilities, contributing to overall earnings.

Ampco-Pittsburgh Financial Statement Overview

Summary

Ampco-Pittsburgh faces significant financial challenges with low profitability, high leverage, and weak cash flow generation. The negative net profit margin and high debt-to-equity ratio highlight financial instability, while the negative free cash flow growth indicates cash flow issues.

Income Statement

Ampco-Pittsburgh's income statement shows a mixed performance. The TTM gross profit margin is 18.29%, indicating moderate efficiency in production. However, the net profit margin is negative at -1.24%, reflecting ongoing profitability challenges. Revenue growth is positive at 2.86% TTM, but the EBIT and EBITDA margins are relatively low at 2.42% and 7.52% respectively, suggesting limited operational efficiency.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio of 2.33 TTM, which poses a risk in terms of financial stability. The return on equity is negative at -8.61%, indicating inefficiency in generating returns from shareholders' equity. The equity ratio is not provided, but the high debt levels suggest a lower proportion of equity in the capital structure.

Cash Flow

Cash flow analysis shows significant challenges. The free cash flow growth rate is highly negative at -606.01% TTM, and the operating cash flow to net income ratio is low at 0.045, indicating weak cash generation relative to net income. The free cash flow to net income ratio is also negative, highlighting cash flow issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	426.31M	418.31M	422.34M	390.19M	344.92M	328.54M
Gross Profit	85.33M	81.50M	74.56M	62.19M	66.11M	71.03M
EBITDA	33.95M	31.42M	-12.26M	28.40M	20.48M	31.39M
Net Income	-5.30M	438.00K	-39.93M	3.42M	-3.86M	7.97M
Balance Sheet
Total Assets	524.41M	530.90M	565.65M	502.77M	505.96M	463.21M
Cash, Cash Equivalents and Short-Term Investments	14.96M	15.43M	7.29M	8.73M	10.34M	16.84M
Total Debt	139.86M	133.17M	133.42M	108.99M	64.97M	41.59M
Total Liabilities	449.85M	459.81M	494.08M	389.38M	393.83M	378.21M
Stockholders Equity	60.10M	58.88M	60.94M	104.33M	102.90M	76.56M
Cash Flow
Free Cash Flow	-4.30M	5.83M	-24.13M	-43.90M	-31.10M	25.17M
Operating Cash Flow	6.09M	18.03M	-3.69M	-27.21M	-15.87M	33.63M
Investing Cash Flow	-6.09M	-8.24M	-19.68M	-16.31M	-14.73M	-7.93M
Financing Cash Flow	2.69M	-1.35M	21.69M	42.59M	24.40M	-17.22M

Ampco-Pittsburgh Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.64
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 3.64 is above the 20-day moving average (MA) of 3.02, above the 50-day MA of 2.52, and above the 200-day MA of 2.64, indicating a bullish trend. The MACD of 0.34 indicates Negative momentum. The RSI at 73.61 is Negative, neither overbought nor oversold. The STOCH value of 82.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AP.

Ampco-Pittsburgh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWPX	78 Outperform	$606.47M	17.16	9.78%	―	7.61%	25.35%
GIFI	66 Neutral	$190.86M	21.79	9.95%	―	0.26%	-48.11%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
MEC	63 Neutral	$360.04M	30.74	5.06%	―	-12.38%	-0.71%
TG	54 Neutral	$265.32M	23.00	1.26%	―	-3.42%	―
AP	53 Neutral	$72.16M	-13.88	-8.73%	―	0.20%	88.39%
TPCS	41 Neutral	$45.81M	-88.80	-5.10%	―	1.15%	94.58%

Ampco-Pittsburgh Corporate Events

Ampco-Pittsburgh CFO Resignation and Successor Announcement

Ampco-Pittsburgh Corporation announced that Michael G. McAuley has resigned from his roles as Senior Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary, effective December 31, 2025. David G. Anderson, currently the President of Air & Liquid Systems Corporation, a subsidiary of Ampco-Pittsburgh, will assume these roles starting January 1, 2026, while retaining his current position. Anderson’s compensation will be adjusted accordingly, with an increased base salary and incentive opportunities. McAuley will continue as a Strategic Advisor to the CEO until June 30, 2026, maintaining his current salary but without participating in the incentive programs.

Ampco-Pittsburgh Releases Investor Presentation Highlighting Risks

On November 18, 2025, Ampco-Pittsburgh Corporation released an investor presentation on its website, which may be shared with current and potential investors in future meetings. The presentation includes forward-looking statements about the company’s operations, market conditions, and financial metrics, highlighting the risks and uncertainties it faces, such as economic downturns, global trade conditions, and potential insolvency proceedings of its subsidiary, Union Electric Steel UK Limited.

Ampco-Pittsburgh Announces CFO Resignation and Successor

On November 5, 2025, Ampco-Pittsburgh Corporation announced the resignation of Michael G. McAuley as Senior Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary, effective December 31, 2025. David G. Anderson, currently President of Air & Liquid Systems Corporation, will succeed him in these roles starting January 1, 2026, while retaining his current position. McAuley will remain as a Strategic Advisor to the CEO until June 30, 2026. This transition reflects the company’s succession planning and aims to ensure continuity in financial leadership.

Ampco-Pittsburgh Exits U.K. Operations Amid Financial Struggles

On October 14, 2025, Ampco-Pittsburgh Corporation’s subsidiary, Union Electric Steel UK Limited (UES-UK), entered administration, marking an accelerated exit from its U.K. operations. This decision, driven by prolonged financial losses and market challenges, aims to eliminate future losses and improve the company’s annual adjusted EBITDA by $7 to $8 million. The exit will lead to a non-cash impairment charge of $43 to $45 million in the fourth quarter of 2025, as Ampco-Pittsburgh deconsolidates UES-UK’s financials from its statements. The company plans to increase capacity utilization at its Sweden facility and continue supporting its customers through operations in other regions.