American Axle & Manufacturing Holdings Inc

Consumer Discretionary
Auto Parts:O.E.M.
www.aam.com

Earnings Score
Moat Score
Safety Score

Market Cap $808.99M
PE 27
Debt $2.72B
Cash $542.50M
EV $2.98B
FCF $131.10M

Earnings

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Sales & Net Margins

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Earnings	$29.60M
EBIT	$234.00M
ROE	5%
ROA	4%
FCF	$131.10M
Equity	$616.30M
Growth Stability	-287%
PE	27.33
PEG	-2.78
PB	1.31
P/FCF	6.17
P/S	0.13
Price/Cash	0.67
Debt/Equity	4.41
Debt/FCF	20.74
Net Margins	1%
Gross Margins	12%
Op. Margins	4%
Earnings CAGR	-10%
Sales Growth YoY	-3%
Sales Growth QoQ	-8%
Sales CAGR	3%
FCF CAGR	5%
Equity CAGR	4%
Earnings Stability	0.15
Earnings Growth YoY	-157%
Earnings Growth QoQ	-45%

Earnings CAGR 5Y	-10%
Sales CAGR 5Y	4%
FCF CAGR 5Y	-5%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	8%
Sales CAGR 3Y	8%
FCF CAGR 3Y	-20%
Equity CAGR 3Y	12%
Market Cap	$808.99M
Revenue	$6.21B
Assets	$5.33B
Total Debt	$2.72B
Cash	$542.50M
Shares Outstanding	117.5M
EV	2.98B
Earnings Score	5%
Moat Score	52%
Safety Score	30%
Final Score	29%
Working Capital	841.3M
Current Ratio	1.65
Gross Profit	$742.00M
Shares Growth 3y	1%
Equity Growth QoQ	1%
Equity Growth YoY	0%

Assets & ROA

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Stockholders Equity & ROE

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American Axle & Mfg Holdings Inc is engaged in manufacturing, engineering, designing and validation of driveline systems and related components and chassis modules for light trucks, SUVs, crossover vehicles, passenger cars and commercial vehicles. Its product portfolio consist of vehicle architectures, driveline systems, drivetrain systems, powertrain components, chassis system components, and metal formed products. The Company generates majority of its revenue from the United States.

SEC Filings

Direct access to American Axle & Manufacturing Holdings Inc (AXL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does American Axle & Manufacturing Holdings Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of American Axle & Manufacturing Holdings Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -10%

Stability 15%

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American Axle & Manufacturing Holdings Inc Discounted Cash Flow

Fully customizable DCF calculator online for American Axle & Manufacturing Holdings Inc.

Years

Calculation mode

= $1.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$131M	$137M	$144M	$150M	$157M	$165M	$172M	$180M	$189M	$197M	$207M	$2.1B
DCF		$125M	$119M	$113M	$107M	$102M	$97M	$92M	$88M	$84M	$80M	$796M
Value	$1.8B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	4%	6%	6%	5%	-1%	-7%	-12%	0%	1%	-1%	1%
ROA	-	12%	11%	7%	1%	-5%	-7%	4%	4%	3%	4%
ROE	-	76%	44%	21%	-4%	-49%	-150%	1%	10%	-6%	5%

Bad Net Margins (1.03%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	7.59	7.69	23.96	16.2	29.46	14.7	8.78	10.71	13.95	20.74
Debt over Equity	13.66	4.63	2.68	2.63	2.69	3.8	9.42	6.85	4.74	4.65	4.41
Growth Stability	-	-	-	100%	-22%	-287%	-	-	-	-	-287%

Bad Debt/FCF ratio (20.74)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Bad Debt/Equity ratio (4.41)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-287%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	6%	1%	59%	16%	-10%	-28%	9%	13%	5%	4%
Earnings YoY growth	-	64%	2%	40%	-117%	743%	16%	-101%	981%	-155%	-10%
Equity YoY growth	-	166%	76%	191%	-3%	-34%	-62%	23%	37%	-4%	12%
FCF YoY growth	-	65%	0%	-8%	46%	-49%	89%	49%	-22%	-27%	-5%