Ampco Pittsburgh Stock Probability Of Bankruptcy

AP Stock

USD 2.09 0.06 2.79%

Ampco Pittsburgh's risk of distress is below 50% at this time. It has small likelihood of experiencing financial trouble in the next few years. Probability of distress prediction helps decision makers evaluate Ampco Pittsburgh's chance of financial distress in relation to its going-concern outlook and evaluation. All items used in analyzing the odds of distress are taken from the Ampco balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Ampco Pittsburgh Piotroski F Score and Ampco Pittsburgh Altman Z Score analysis.

To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.

As of 04/24/2024, Enterprise Value is likely to grow to about 170.1 M, while Market Cap is likely to drop slightly above 41.5 M.

Ampco Pittsburgh Company probability of distress Analysis

Ampco Pittsburgh's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.

Probability Of Bankruptcy

Normalized

Z-Score

More About Probability Of Bankruptcy | All Equity Analysis

Current Ampco Pittsburgh Probability Of Bankruptcy

Less than 40%

Most of Ampco Pittsburgh's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Ampco Pittsburgh is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Our calculation of Ampco Pittsburgh probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Ampco Pittsburgh odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Ampco Pittsburgh financial health.

Is Ampco Pittsburgh's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ampco Pittsburgh. If investors know Ampco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ampco Pittsburgh listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.31)

Earnings Share

(2.04)

Revenue Per Share

21.529

Quarterly Revenue Growth

0.156

Return On Assets

0.0129

The market value of Ampco Pittsburgh is measured differently than its book value, which is the value of Ampco that is recorded on the company's balance sheet. Investors also form their own opinion of Ampco Pittsburgh's value that differs from its market value or its book value, called intrinsic value, which is Ampco Pittsburgh's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ampco Pittsburgh's market value can be influenced by many factors that don't directly affect Ampco Pittsburgh's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Ampco Pittsburgh's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ampco Pittsburgh is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ampco Pittsburgh's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Ampco Probability Of Bankruptcy Driver Correlations

Understanding the fundamental principles of building solid financial models for Ampco Pittsburgh is extremely important. It helps to project a fair market value of Ampco Stock properly, considering its historical fundamentals such as Probability Of Bankruptcy. Since Ampco Pittsburgh's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Ampco Pittsburgh's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Ampco Pittsburgh's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock	Long Term Debt	Property Plant Equipment	Current Deferred Revenue	Good Will	Intangible Assets	Short Term Investments	Net Tangible Assets	Capital Surpluse	Long Term Investments	Short Long Term Debt	Long Term Debt Total	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		-0.03	-0.34	0.13	0.46	0.29	0.62	0.06	0.44	0.03	-0.15	0.76	0.03	0.13	0.26	-0.66	0.0	0.1	0.26	0.39	-0.16	0.04	0.18	0.1	-0.28
Total Stockholder Equity	-0.03		-0.73	0.95	-0.59	-0.77	0.54	-0.19	-0.68	-0.76	-0.68	-0.33	-0.19	-0.75	-0.63	0.04	0.98	-0.86	0.49	-0.32	-0.53	0.91	0.82	0.36	-0.64
Net Debt	-0.34	-0.73		-0.84	0.51	0.52	-0.39	0.32	0.52	0.55	0.83	0.02	-0.23	0.74	0.54	0.48	-0.69	0.71	-0.5	0.17	0.71	-0.74	-0.4	0.02	0.6
Retained Earnings	0.13	0.95	-0.84		-0.52	-0.77	0.57	-0.18	-0.68	-0.78	-0.8	-0.28	-0.05	-0.82	-0.65	-0.04	0.95	-0.9	0.59	-0.28	-0.66	0.93	0.75	0.28	-0.74
Net Receivables	0.46	-0.59	0.51	-0.52		0.42	0.19	0.22	0.82	0.48	0.42	0.55	0.04	0.63	0.63	-0.03	-0.58	0.59	-0.03	0.26	0.32	-0.62	-0.26	0.05	0.19
Total Liab	0.29	-0.77	0.52	-0.77	0.42		-0.26	0.07	0.63	0.49	0.73	0.59	-0.07	0.74	0.58	-0.42	-0.75	0.73	-0.51	0.43	0.65	-0.72	-0.49	-0.15	0.47
Total Current Assets	0.62	0.54	-0.39	0.57	0.19	-0.26		-0.01	-0.03	-0.33	-0.24	0.19	-0.49	-0.32	-0.26	-0.21	0.57	-0.32	0.45	0.02	-0.12	0.43	0.76	0.59	-0.45
Short Term Debt	0.06	-0.19	0.32	-0.18	0.22	0.07	-0.01		0.24	-0.19	-0.11	0.11	0.01	0.35	0.49	0.45	-0.23	-0.05	0.39	0.84	-0.26	0.01	-0.13	-0.47	-0.33
Accounts Payable	0.44	-0.68	0.52	-0.68	0.82	0.63	-0.03	0.24		0.66	0.51	0.72	0.07	0.83	0.81	-0.25	-0.7	0.73	-0.15	0.45	0.36	-0.71	-0.36	-0.15	0.4
Common Stock	0.03	-0.76	0.55	-0.78	0.48	0.49	-0.33	-0.19	0.66		0.64	0.24	0.02	0.55	0.38	-0.13	-0.73	0.92	-0.59	-0.07	0.56	-0.79	-0.55	-0.01	0.9
Long Term Debt	-0.15	-0.68	0.83	-0.8	0.42	0.73	-0.24	-0.11	0.51	0.64		0.16	-0.38	0.66	0.37	0.02	-0.63	0.82	-0.69	-0.02	0.97	-0.8	-0.29	0.28	0.75
Property Plant Equipment	0.76	-0.33	0.02	-0.28	0.55	0.59	0.19	0.11	0.72	0.24	0.16		0.22	0.65	0.73	-0.63	-0.36	0.4	-0.11	0.48	0.05	-0.27	-0.11	-0.09	-0.03
Current Deferred Revenue	0.03	-0.19	-0.23	-0.05	0.04	-0.07	-0.49	0.01	0.07	0.02	-0.38	0.22		0.1	0.3	-0.14	-0.26	-0.04	0.14	0.06	-0.49	0.03	-0.48	-0.55	-0.16
Good Will	0.13	-0.75	0.74	-0.82	0.63	0.74	-0.32	0.35	0.83	0.55	0.66	0.65	0.1		0.93	-0.03	-0.78	0.76	-0.44	0.48	0.48	-0.7	-0.44	-0.18	0.43
Intangible Assets	0.26	-0.63	0.54	-0.65	0.63	0.58	-0.26	0.49	0.81	0.38	0.37	0.73	0.3	0.93		-0.05	-0.68	0.56	-0.2	0.6	0.16	-0.52	-0.41	-0.34	0.15
Short Term Investments	-0.66	0.04	0.48	-0.04	-0.03	-0.42	-0.21	0.45	-0.25	-0.13	0.02	-0.63	-0.14	-0.03	-0.05		0.07	-0.15	0.05	-0.09	-0.03	0.09	0.04	0.02	-0.03
Net Tangible Assets	0.0	0.98	-0.69	0.95	-0.58	-0.75	0.57	-0.23	-0.7	-0.73	-0.63	-0.36	-0.26	-0.78	-0.68	0.07		-0.83	0.43	-0.38	-0.47	0.9	0.86	0.46	-0.6
Capital Surpluse	0.1	-0.86	0.71	-0.9	0.59	0.73	-0.32	-0.05	0.73	0.92	0.82	0.4	-0.04	0.76	0.56	-0.15	-0.83		-0.68	0.1	0.72	-0.88	-0.57	0.01	0.84
Long Term Investments	0.26	0.49	-0.5	0.59	-0.03	-0.51	0.45	0.39	-0.15	-0.59	-0.69	-0.11	0.14	-0.44	-0.2	0.05	0.43	-0.68		0.31	-0.65	0.51	0.36	-0.18	-0.75
Short Long Term Debt	0.39	-0.32	0.17	-0.28	0.26	0.43	0.02	0.84	0.45	-0.07	-0.02	0.48	0.06	0.48	0.6	-0.09	-0.38	0.1	0.31		-0.16	-0.13	-0.24	-0.56	-0.26
Long Term Debt Total	-0.16	-0.53	0.71	-0.66	0.32	0.65	-0.12	-0.26	0.36	0.56	0.97	0.05	-0.49	0.48	0.16	-0.03	-0.47	0.72	-0.65	-0.16		-0.7	-0.15	0.43	0.72
Cash And Equivalents	0.04	0.91	-0.74	0.93	-0.62	-0.72	0.43	0.01	-0.71	-0.79	-0.8	-0.27	0.03	-0.7	-0.52	0.09	0.9	-0.88	0.51	-0.13	-0.7		0.71	0.19	-0.73
Net Invested Capital	0.18	0.82	-0.4	0.75	-0.26	-0.49	0.76	-0.13	-0.36	-0.55	-0.29	-0.11	-0.48	-0.44	-0.41	0.04	0.86	-0.57	0.36	-0.24	-0.15	0.71		0.72	-0.46
Net Working Capital	0.1	0.36	0.02	0.28	0.05	-0.15	0.59	-0.47	-0.15	-0.01	0.28	-0.09	-0.55	-0.18	-0.34	0.02	0.46	0.01	-0.18	-0.56	0.43	0.19	0.72		0.11
Capital Stock	-0.28	-0.64	0.6	-0.74	0.19	0.47	-0.45	-0.33	0.4	0.9	0.75	-0.03	-0.16	0.43	0.15	-0.03	-0.6	0.84	-0.75	-0.26	0.72	-0.73	-0.46	0.11

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The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.

Competition

Predict Ampco Pittsburgh

Based on the latest financial disclosure, Ampco Pittsburgh has a Probability Of Bankruptcy of 40.0%. This is 6.06% lower than that of the Metals & Mining sector and 20.41% higher than that of the Materials industry. This indicator is about the same for all United States stocks average (which is currently at 39.83).

Ampco Probability Of Bankruptcy Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Ampco Pittsburgh's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Ampco Pittsburgh could also be used in its relative valuation, which is a method of valuing Ampco Pittsburgh by comparing valuation metrics of similar companies.

Ampco Pittsburgh is currently under evaluation in probability of bankruptcy category among related companies.

Ampco Pittsburgh Main Bankruptcy Drivers

	2019	2020	2021	2022	2023	2024 (projected)
Return On Assets	(0.0207)	0.0172	(0.025)	0.006794	(0.0706)	(0.0671)
Asset Turnover	0.73	0.79	0.71	0.78	0.75	0.89
Net Debt	68.2M	24.7M	54.6M	100.3M	126.1M	132.4M
Total Current Liabilities	124.2M	105.3M	125.0M	116.2M	116.9M	81.0M
Non Current Liabilities Total	326.7M	272.9M	268.8M	273.2M	377.2M	396.1M
Total Assets	506.6M	463.2M	485.6M	502.8M	565.7M	396.6M
Total Current Assets	193.4M	171.8M	188.3M	231.4M	236.7M	181.4M
Total Cash From Operating Activities	(7.1M)	33.6M	(15.9M)	(27.2M)	(3.7M)	(3.5M)

Ampco Fundamentals

	Return On Equity	-0.41
	Return On Asset	0.0129
	Profit Margin	(0.09) %
	Operating Margin	0.01 %
	Current Valuation	180.47 M
	Shares Outstanding	19.87 M
	Shares Owned By Insiders	25.70 %
	Shares Owned By Institutions	50.17 %
	Number Of Shares Shorted	534.46 K
	Price To Earning	5.91 X
	Price To Book	0.77 X
	Price To Sales	0.11 X
	Revenue	422.34 M
	Gross Profit	62.19 M
	EBITDA	23.73 M
	Net Income	(39.93 M)
	Cash And Equivalents	8.73 M
	Cash Per Share	0.38 X
	Total Debt	133.42 M
	Debt To Equity	1.12 %
	Current Ratio	1.67 X
	Book Value Per Share	3.09 X
	Cash Flow From Operations	(3.69 M)
	Short Ratio	13.50 X
	Earnings Per Share	(2.04) X
	Target Price	5.0
	Number Of Employees	1.7 K
	Beta	0.67
	Market Capitalization	42.71 M
	Total Asset	565.65 M
	Retained Earnings	(73 M)
	Working Capital	119.77 M
	Current Asset	219.68 M
	Current Liabilities	81.33 M
	Five Year Return	3.69 %
	Net Asset	565.65 M

About Ampco Pittsburgh Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Ampco Pittsburgh's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ampco Pittsburgh using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ampco Pittsburgh based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Ampco Pittsburgh

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Ampco Pittsburgh position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Ampco Pittsburgh will appreciate offsetting losses from the drop in the long position's value.

Moving against Ampco Stock

0.76	TG	Tredegar	Pair Corr
0.76	CRS	Carpenter Technology Earnings Call This Week	Pair Corr
0.73	DIST	Distoken Acquisition	Pair Corr
0.68	AL	Air Lease Financial Report 6th of May 2024	Pair Corr
0.67	CMPOW	CompoSecure	Pair Corr

The ability to find closely correlated positions to Ampco Pittsburgh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ampco Pittsburgh when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ampco Pittsburgh - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ampco Pittsburgh to buy it.

The correlation of Ampco Pittsburgh is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ampco Pittsburgh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ampco Pittsburgh moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Ampco Pittsburgh can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Ampco Pittsburgh is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Ampco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ampco Pittsburgh Stock. Highlighted below are key reports to facilitate an investment decision about Ampco Pittsburgh Stock:

How To Invest In Ampco

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Is Ampco Stock a good investment?

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What is Ampco Pittsburgh's Net Worth?

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Largest Metals & Mining Companies

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Check out Ampco Pittsburgh Piotroski F Score and Ampco Pittsburgh Altman Z Score analysis.

To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Ampco Stock analysis

When running Ampco Pittsburgh's price analysis, check to measure Ampco Pittsburgh's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ampco Pittsburgh is operating at the current time. Most of Ampco Pittsburgh's value examination focuses on studying past and present price action to predict the probability of Ampco Pittsburgh's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ampco Pittsburgh's price. Additionally, you may evaluate how the addition of Ampco Pittsburgh to your portfolios can decrease your overall portfolio volatility.

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Quarterly Earnings Growth

(0.31)

Earnings Share

(2.04)

Revenue Per Share

21.529

Quarterly Revenue Growth

0.156

Return On Assets

0.0129

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Ampco Pittsburgh Stock Probability Of Bankruptcy

Ampco Pittsburgh Company probability of distress Analysis

Probability Of Bankruptcy

Normalized

Z-Score

Current Ampco Pittsburgh Probability Of Bankruptcy

Ampco Probability Of Bankruptcy Driver Correlations

Ampco Probability Of Bankruptcy Peer Comparison

Ampco Pittsburgh Main Bankruptcy Drivers

Ampco Fundamentals

About Ampco Pittsburgh Fundamental Analysis

Pair Trading with Ampco Pittsburgh

Moving against Ampco Stock

Complementary Tools for Ampco Stock analysis

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