Ampco Pittsburgh Gross Profit vs. Book Value Per Share

AP Stock  USD 2.11  0.09  4.09%   
Considering the key profitability indicators obtained from Ampco Pittsburgh's historical financial statements, Ampco Pittsburgh may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in April. Profitability indicators assess Ampco Pittsburgh's ability to earn profits and add value for shareholders.

Ampco Pittsburgh Gross Profit

436.08 Million

As of 03/28/2024, Price To Sales Ratio is likely to drop to 0.12. In addition to that, Operating Cash Flow Sales Ratio is likely to grow to -0.0084. At this time, Ampco Pittsburgh's Net Income Applicable To Common Shares is relatively stable compared to the past year. As of 03/28/2024, Net Income From Continuing Ops is likely to grow to about 3.1 M, though Income Before Tax is likely to grow to (37.3 M).
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.260.18
Way Up
Pretty Stable
For Ampco Pittsburgh profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Ampco Pittsburgh to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Ampco Pittsburgh utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Ampco Pittsburgh's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Ampco Pittsburgh over time as well as its relative position and ranking within its peers.
  
Check out Trending Equities.
To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.
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
0.08
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-Pittsburgh Book Value Per Share vs. Gross Profit Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Ampco Pittsburgh's current stock value. Our valuation model uses many indicators to compare Ampco Pittsburgh value to that of its competitors to determine the firm's financial worth.
Ampco Pittsburgh is number one stock in gross profit category among related companies. It is number one stock in book value per share category among related companies . The ratio of Gross Profit to Book Value Per Share for Ampco Pittsburgh is about  20,133,700 . At this time, Ampco Pittsburgh's Gross Profit is relatively stable compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Ampco Pittsburgh by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Ampco Pittsburgh's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ampco Pittsburgh's earnings, one of the primary drivers of an investment's value.

Ampco Book Value Per Share vs. Gross Profit

Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Ampco Pittsburgh

Gross Profit

 = 

Revenue

-

Cost of Revenue

 = 
62.19 M
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Ampco Pittsburgh

Book Value per Share

 = 

Common Equity

Average Shares

 = 
3.09 X
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.

Ampco Book Value Per Share Comparison

Ampco Pittsburgh is currently under evaluation in book value per share category among related companies.

Ampco Pittsburgh Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Ampco Pittsburgh, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Ampco Pittsburgh will eventually generate negative long term returns. The profitability progress is the general direction of Ampco Pittsburgh's change in net profit over the period of time. It can combine multiple indicators of Ampco Pittsburgh, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for 2024
Accumulated Other Comprehensive Income-63 M-66.1 M
Operating Income-34.6 M-32.8 M
Income Before Tax-39.3 M-37.3 M
Total Other Income Expense Net-4.7 M-4.9 M
Net Loss-38.1 M-36.2 M
Income Tax Expense1.2 M1.1 M
Net Income Applicable To Common Shares3.1 M3.2 M
Net Income From Continuing Ops2.9 M3.1 M
Non Operating Income Net Other9.4 M9.9 M
Interest IncomeM3.1 M
Net Interest Income-8.5 M-8.1 M
Change To Netincome1.3 M1.2 M
Net Income Per E B T 1.02  1.43 

Ampco Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Ampco Pittsburgh. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Ampco Pittsburgh position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Ampco Pittsburgh's important profitability drivers and their relationship over time.

Use Ampco Pittsburgh in pair-trading

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.

Ampco Pittsburgh Pair Trading

Ampco Pittsburgh Pair Trading Analysis

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 CorrelationCorrelation Matching

Use Investing Themes to Complement your Ampco Pittsburgh position

In addition to having Ampco Pittsburgh in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Financials Thematic Idea Now

Financials
Financials Theme
Companies that provide financial services to business or retail customers. The Financials theme has 20 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Financials Theme or any other thematic opportunities.
View All  Next Launch
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:
Check out Trending Equities.
To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

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.
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Piotroski F Score
Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Global Correlations
Find global opportunities by holding instruments from different markets
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Equity Forecasting
Use basic forecasting models to generate price predictions and determine price momentum
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
To fully project Ampco Pittsburgh's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Ampco-Pittsburgh at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Ampco Pittsburgh's income statement, its balance sheet, and the statement of cash flows.
Potential Ampco Pittsburgh investors and stakeholders can use historical trends found within financial statements to determine how well the company is positioned for the future. Although Ampco Pittsburgh investors may work on each financial statement separately, they are all related. The changes in Ampco Pittsburgh's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Ampco Pittsburgh's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.