Ampco Income Statement Research

AP Stock

USD 2.20 0.02 0.92%

Most accounts from Ampco Pittsburgh's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Ampco Pittsburgh current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Ampco Pittsburgh Valuation and Ampco Pittsburgh Correlation analysis.

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

At this time, Ampco Pittsburgh's Non Operating Income Net Other is relatively stable compared to the past year. As of 04/23/2024, Interest Income is likely to grow to about 3.1 M, while Total Revenue is likely to drop slightly above 304 M.

To learn how to invest in Ampco Stock, please use our How to Invest in Ampco Pittsburgh guide.At this time, Ampco Pittsburgh's Non Operating Income Net Other is relatively stable compared to the past year. As of 04/23/2024, Interest Income is likely to grow to about 3.1 M, while Total Revenue is likely to drop slightly above 304 M.

	2021	2022	2023	2024 (projected)
Interest Expense	3.6M	5.4M	9.3M	9.8M
Depreciation And Amortization	17.9M	17.4M	17.7M	11.7M

Interest Expense Depreciation And Amortization

Ampco Pittsburgh income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Minority Interest	Tax Provision	Interest Income	Discontinued Operations	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		0.2	0.61	0.58	-0.07	0.71	-0.69	-0.59	-0.4	0.65	0.77	-0.6	-0.37	-0.58	-0.04	0.67	-0.06	-0.67	0.41	0.48	0.01	0.14	0.61	-0.52	-0.24	-0.19
Interest Expense	0.2		0.41	0.65	0.32	0.62	-0.05	-0.07	0.15	0.65	0.31	-0.42	-0.5	-0.28	-0.39	-0.31	-0.52	0.09	0.05	0.58	-0.3	-0.19	0.36	-0.37	-0.67	-0.59
Selling General Administrative	0.61	0.41		0.72	0.39	0.78	-0.57	-0.49	-0.39	0.71	0.91	-0.47	-0.2	-0.48	0.1	0.61	0.3	-0.48	0.39	0.06	-0.05	0.23	0.24	-0.12	0.08	0.23
Total Revenue	0.58	0.65	0.72		0.53	0.98	-0.23	-0.08	0.05	0.99	0.67	-0.29	-0.27	-0.25	-0.21	0.28	-0.14	-0.11	0.1	0.37	-0.17	-0.17	0.32	-0.37	-0.31	-0.14
Gross Profit	-0.07	0.32	0.39	0.53		0.39	0.33	0.55	0.62	0.38	0.32	0.31	0.09	0.28	0.0	0.2	0.21	0.35	-0.17	-0.07	0.19	-0.26	-0.11	0.03	0.05	0.08
Other Operating Expenses	0.71	0.62	0.78	0.98	0.39		-0.39	-0.27	-0.13	0.99	0.76	-0.42	-0.3	-0.37	-0.19	0.36	-0.13	-0.27	0.2	0.4	-0.19	-0.08	0.39	-0.41	-0.29	-0.13
Operating Income	-0.69	-0.05	-0.57	-0.23	0.33	-0.39		0.84	0.72	-0.32	-0.66	0.82	0.48	0.88	-0.27	-0.54	-0.1	0.95	-0.66	-0.22	0.19	-0.55	-0.49	0.33	-0.02	-0.11
Ebit	-0.59	-0.07	-0.49	-0.08	0.55	-0.27	0.84		0.92	-0.19	-0.57	0.72	0.25	0.69	-0.11	-0.38	-0.05	0.78	-0.51	-0.1	0.25	-0.48	-0.26	0.08	-0.04	-0.11
Ebitda	-0.4	0.15	-0.39	0.05	0.62	-0.13	0.72	0.92		-0.07	-0.41	0.47	-0.04	0.48	-0.21	-0.32	-0.25	0.66	-0.44	0.19	0.15	-0.53	-0.01	-0.15	-0.33	-0.39
Cost Of Revenue	0.65	0.65	0.71	0.99	0.38	0.99	-0.32	-0.19	-0.07		0.67	-0.38	-0.31	-0.33	-0.23	0.27	-0.2	-0.19	0.14	0.42	-0.23	-0.14	0.38	-0.41	-0.34	-0.17
Total Operating Expenses	0.77	0.31	0.91	0.67	0.32	0.76	-0.66	-0.57	-0.41	0.67		-0.47	-0.16	-0.49	0.09	0.73	0.23	-0.59	0.43	0.18	0.02	0.23	0.38	-0.26	0.07	0.11
Income Before Tax	-0.6	-0.42	-0.47	-0.29	0.31	-0.42	0.82	0.72	0.47	-0.38	-0.47		0.84	0.96	-0.07	-0.22	0.31	0.78	-0.59	-0.52	0.48	-0.4	-0.62	0.44	0.49	0.32
Total Other Income Expense Net	-0.37	-0.5	-0.2	-0.27	0.09	-0.3	0.48	0.25	-0.04	-0.31	-0.16	0.84		0.8	-0.03	0.03	0.51	0.5	-0.46	-0.66	0.5	-0.22	-0.66	0.51	0.74	0.56
Net Income	-0.58	-0.28	-0.48	-0.25	0.28	-0.37	0.88	0.69	0.48	-0.33	-0.49	0.96	0.8		-0.25	-0.3	0.17	0.86	-0.58	-0.38	0.44	-0.5	-0.62	0.44	0.34	0.17
Income Tax Expense	-0.04	-0.39	0.1	-0.21	0.0	-0.19	-0.27	-0.11	-0.21	-0.23	0.09	-0.07	-0.03	-0.25		0.27	0.3	-0.48	0.55	-0.38	-0.1	0.87	-0.06	0.39	0.44	0.41
Research Development	0.67	-0.31	0.61	0.28	0.2	0.36	-0.54	-0.38	-0.32	0.27	0.73	-0.22	0.03	-0.3	0.27		0.6	-0.58	0.38	-0.11	0.24	0.23	0.18	-0.06	0.32	0.41
Selling And Marketing Expenses	-0.06	-0.52	0.3	-0.14	0.21	-0.13	-0.1	-0.05	-0.25	-0.2	0.23	0.31	0.51	0.17	0.3	0.6		-0.09	0.09	-0.67	0.54	0.19	-0.36	0.4	0.75	0.85
Net Income From Continuing Ops	-0.67	0.09	-0.48	-0.11	0.35	-0.27	0.95	0.78	0.66	-0.19	-0.59	0.78	0.5	0.86	-0.48	-0.58	-0.09		-0.76	-0.2	0.23	-0.7	-0.52	0.26	-0.04	-0.09
Non Recurring	0.41	0.05	0.39	0.1	-0.17	0.2	-0.66	-0.51	-0.44	0.14	0.43	-0.59	-0.46	-0.58	0.55	0.38	0.09	-0.76		0.27	-0.18	0.76	0.36	0.03	0.01	0.03
Non Operating Income Net Other	0.48	0.58	0.06	0.37	-0.07	0.4	-0.22	-0.1	0.19	0.42	0.18	-0.52	-0.66	-0.38	-0.38	-0.11	-0.67	-0.2	0.27		-0.18	-0.22	0.77	-0.75	-0.8	-0.86
Minority Interest	0.01	-0.3	-0.05	-0.17	0.19	-0.19	0.19	0.25	0.15	-0.23	0.02	0.48	0.5	0.44	-0.1	0.24	0.54	0.23	-0.18	-0.18		-0.2	-0.11	-0.02	0.42	0.22
Tax Provision	0.14	-0.19	0.23	-0.17	-0.26	-0.08	-0.55	-0.48	-0.53	-0.14	0.23	-0.4	-0.22	-0.5	0.87	0.23	0.19	-0.7	0.76	-0.22	-0.2		0.09	0.31	0.31	0.28
Interest Income	0.61	0.36	0.24	0.32	-0.11	0.39	-0.49	-0.26	-0.01	0.38	0.38	-0.62	-0.66	-0.62	-0.06	0.18	-0.36	-0.52	0.36	0.77	-0.11	0.09		-0.86	-0.56	-0.61
Discontinued Operations	-0.52	-0.37	-0.12	-0.37	0.03	-0.41	0.33	0.08	-0.15	-0.41	-0.26	0.44	0.51	0.44	0.39	-0.06	0.4	0.26	0.03	-0.75	-0.02	0.31	-0.86		0.57	0.61
Net Interest Income	-0.24	-0.67	0.08	-0.31	0.05	-0.29	-0.02	-0.04	-0.33	-0.34	0.07	0.49	0.74	0.34	0.44	0.32	0.75	-0.04	0.01	-0.8	0.42	0.31	-0.56	0.57		0.87
Reconciled Depreciation	-0.19	-0.59	0.23	-0.14	0.08	-0.13	-0.11	-0.11	-0.39	-0.17	0.11	0.32	0.56	0.17	0.41	0.41	0.85	-0.09	0.03	-0.86	0.22	0.28	-0.61	0.61	0.87

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Ampco Pittsburgh Account Relationship Matchups

Ampco Pittsburgh income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	5.3M	4.1M	3.6M	5.4M	9.3M	9.8M
Total Revenue	397.9M	328.5M	344.9M	390.2M	422.3M	304.0M
Gross Profit	71.7M	71.0M	57.3M	62.2M	56.9M	70.0M
Operating Income	5.6M	11.9M	(292K)	7.8M	6.0M	8.7M
Ebit	5.6M	11.9M	(292K)	7.8M	6.0M	5.7M
Ebitda	24.6M	30.5M	17.6M	25.2M	23.7M	35.2M
Cost Of Revenue	326.2M	257.5M	287.6M	328.0M	365.4M	234.1M
Income Before Tax	(8.4M)	8.7M	(9.8M)	5.6M	(39.3M)	(37.3M)
Net Income	(10.5M)	8.0M	(12.1M)	3.4M	(39.9M)	(37.9M)
Income Tax Expense	2.1M	(470K)	2.3M	1.6M	(1.2M)	(1.1M)
Research Development	2.5M	2.0M	1.2M	1.0M	662K	628.9K
Non Recurring	10.0M	185K	361K	706K	811.9K	771.3K
Minority Interest	1.4M	8.4M	561K	564K	(1.5M)	(1.4M)
Tax Provision	2.1M	(470K)	2.3M	1.6M	685K	650.8K
Interest Income	5.0M	2.8M	3.6M	2.6M	3.0M	3.1M
Net Interest Income	(5.3M)	(4.1M)	(3.6M)	(5.4M)	(8.5M)	(8.1M)

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Ampco Pittsburgh in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Ampco Pittsburgh's short interest history, or implied volatility extrapolated from Ampco Pittsburgh options trading.

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

0.74	TG	Tredegar	Pair Corr
0.73	CRS	Carpenter Technology Report 25th of April 2024	Pair Corr
0.7	CMPOW	CompoSecure	Pair Corr
0.64	AL	Air Lease Financial Report 6th of May 2024	Pair Corr
0.63	ESAB	ESAB Corp Financial Report 7th of May 2024	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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Check out Ampco Pittsburgh Valuation and Ampco Pittsburgh Correlation analysis.

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

You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

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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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.

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Ampco Income Statement Research

Ampco Pittsburgh income statement Correlations

Ampco Pittsburgh Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Ampco Pittsburgh income statement Accounts

Pair Trading with Ampco Pittsburgh

Moving against Ampco Stock

Complementary Tools for Ampco Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cost Of Revenue	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Other Operating Expenses
Other Operating Expenses	+ 0.98	Total Revenue
Net Income	+ 0.96	Income Before Tax
Net Income From Continuing Ops	+ 0.95	Operating Income
Ebitda	+ 0.92	Ebit

Discontinued Operations	- 0.86	Interest Income
Reconciled Depreciation	- 0.86	Non Operating Income Net Other
Net Interest Income	- 0.8	Non Operating Income Net Other
Non Recurring	- 0.76	Net Income From Continuing Ops
Discontinued Operations	- 0.75	Non Operating Income Net Other
Tax Provision	- 0.7	Net Income From Continuing Ops