Skip to main content
TipRanks
Go Ultimate75% OFF

Ampco-Pittsburgh (AP) AI Stock Analysis

266 Followers
AP

Ampco-Pittsburgh

(NYSE:AP)

Select Model
Rating:47Neutral
Price Target:$6.50â–¼(-11.44% Downside)
Action:reiterated
Date:11/11/26

The score is held down primarily by weak financial quality (ongoing losses, margin pressure, and very high leverage) and bearish technical trends. These are partially offset by improving cash generation and a constructive earnings call highlighting debt reduction ahead of target and a growing backlog supporting near-term demand.

Positive Factors
Backlog GrowthA larger backlog improves forward revenue visibility and indicates stronger customer demand across the business. The continued build in 2027 momentum can support manufacturing utilization, planning and revenue conversion over the next several quarters.
Negative Factors
High LeverageVery high leverage and a thin equity cushion leave the company less resilient if industrial demand weakens or losses persist. Elevated debt also limits capital allocation flexibility and makes successful cash conversion important to maintaining financial stability.

Ampco-Pittsburgh (AP) vs. SPDR S&P 500 ETF (SPY)

-100%0%100%200%300%400%AP+198.37%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
$151.63M
Dividend Yield
―
Average Volume (3M)
89.54K
Price to Earnings (P/E)
-2.6
Beta (1Y)
1.97
Revenue Growth
1.27%
EPS Growth
-968.82%
Country
US
Employees
1,432
Sector
Industrials
Sector Strength
63
Industry
Manufacturing - Metal Fabrication

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. The company operates through two segments: Forged and Cas...

How the Company Makes Money

Ampco-Pittsburgh makes money primarily by manufacturing and selling engineered products and systems to industrial customers through its two operating segments. (1) Forged and Cast Engineered Products (FCEP): Revenue is generated from the sale of forg...

Ampco-Pittsburgh Earnings Call Summary

Earnings Call Date:Nov 10, 2026(Q3-2026)|% Change Since:22.33%|Next Earnings Date:Mar 17, 2027
Earnings Call SentimentPositive

The call was positive overall. Management highlighted stronger cash generation, debt reduction ahead of target, a 15% increase in backlog, record-level Air & Liquid adjusted EBITDA, strong order activity and improving demand across power generation, nuclear, Navy and roll markets. These positives outweighed the lower Forged and Cast segment sales and the modest year-to-date revenue decline related to the U.K. facility closure.

Positive Updates

Improved Cash Generation and Debt Reduction
Cash from operations improved by $15.5 million versus the prior year, while free cash flow improved by $15.1 million. Net debt was reduced by $19.5 million during the quarter, and debt paid down year-to-date reached approximately $13.3 million versus the full-year goal of $8 million to $10 million.

Negative Updates

Forged and Cast Segment Sales Decline
Third-quarter Forged and Cast Engineered Products net sales declined to $68.9 million from $71.5 million in the prior-year quarter. The decline reflected the exits from the U.K. facility and the AUP distribution business.

Company Guidance

Management said its goal in 2026 was to pay down debt by $8 million to $10 million, and debt had been paid down by approximately $13.3 million at the end of Q3, ahead of the targeted debt reduction for the year; it believes working-capital improvements are sustainable and does not see them reversing back out, although further improvement will be more gradual. Management said it expects strong U.S. Navy demand to continue, has capacity to meet the expected growth in demand, and that next year looks to be busier than this year; backlog was $379.5 million, or $380 million, up $51 million or 15% versus year-end 2025, and backlog and momentum for 2027 continues to build.

Ampco-Pittsburgh Financial Statement Overview

Summary

Mixed fundamentals. Revenue rebounded sharply in TTM (+86.2%), and TTM operating cash flow ($26.4M) and free cash flow ($11.9M) turned positive. However, profitability remains weak (TTM net margin -13.8%) with declining gross margin (to 15.1%), and balance sheet risk is high with very elevated leverage (TTM debt-to-equity ~4.57x) and deeply negative ROE.

Income Statement

34Negative

Balance Sheet

28Negative

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue431.73M434.17M418.31M422.34M390.19M344.92M
Gross Profit73.19M58.18M81.50M74.56M62.19M66.11M
EBITDA-25.22M-30.27M31.42M-12.26M28.40M20.48M
Net Income-56.58M-66.07M438.00K-39.93M3.42M-3.86M
Balance Sheet
Total Assets467.71M495.36M530.90M565.65M502.77M505.96M
Cash, Cash Equivalents and Short-Term Investments9.32M10.70M15.43M7.29M8.73M10.34M
Total Debt124.70M138.30M133.17M133.42M108.99M64.97M
Total Liabilities417.64M447.39M459.81M494.08M389.38M393.83M
Stockholders Equity31.98M32.64M58.88M60.94M104.33M102.90M
Cash Flow
Free Cash Flow11.85M-8.06M5.83M-24.13M-43.90M-31.10M
Operating Cash Flow26.43M1.34M18.03M-3.69M-27.21M-15.87M
Investing Cash Flow-15.51M-9.22M-8.24M-19.68M-16.31M-14.73M
Financing Cash Flow-16.58M2.21M-1.35M21.69M42.59M24.40M

Ampco-Pittsburgh Technical Analysis

Technical Analysis SentimentNeutral
Last Price7.34

Price Trends

50DMA8.28Negative
100DMA8.44Negative
200DMA8.80Negative

Market Momentum

MACD-0.55Positive
RSI46.24Neutral
STOCH32.70Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AP, the sentiment is Neutral. The current price of 7.34 is below the 20-day moving average (MA) of 7.61, below the 50-day MA of 8.28, and below the 200-day MA of 8.80, indicating a bearish trend. The MACD of -0.55 indicates Positive momentum. The RSI at 46.24 is Neutral, neither overbought nor oversold. The STOCH value of 32.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AP.

Ampco-Pittsburgh Risk Analysis

Ampco-Pittsburgh disclosed 28 risk factors in its most recent earnings report. Ampco-Pittsburgh reported the most risks in the "Finance & Corporate" category.

Higher RiskSector Avg.Lower RiskFinance & CorporateTech & InnovationLegal & RegulatoryProductionAbility to SellMacro & Political
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added

3 New Risks
1.Risk FactorsQ2, 2026
2.We may from time to time undertake internal corporate reorganizations that may adversely impact our business and results of operations.Q4, 2025
3.Certain of ALP's customers are suppliers to the U.S. government. Changes in U.S. government priorities, or delays or reductions in U.S. government spending, could have a material adverse effect on our customers' business and, therefore, on our business.Q4, 2025

Ampco-Pittsburgh Peers Comparison

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

AP against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
NWPXNWPX73Outperform$868.43M16.4612.93%―15.95%49.06%
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
TGTG56Neutral$201.60M8.4310.48%―14.60%99.39%
MECMEC53Neutral$350.38M-20.52-5.05%―14.78%-216.65%
APAP47Neutral$140.48M-2.62-178.13%―1.27%-968.82%
TPCSTPCS46Neutral$54.04M-41.85-15.08%―-0.19%38.34%

* Industrials Sector Average

Performance Comparison

0%200%400%APNWPXTGMECTPCSDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
AP and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
APAmpco-Pittsburgh Corporation7.345.17238.25%
NWPXNorthwest Pipe91.3833.9859.20%
TGTredegar Corp5.73-2.70-32.03%
MECMayville Engineering Company14.02-2.19-13.51%
TPCSTechprecision Corporation5.240.7616.96%

Ampco-Pittsburgh Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance

Ampco-Pittsburgh Posts New Investor Presentation Under Reg FD

Neutral
Sep 23, 2026

On September 23, 2026, Ampco-Pittsburgh Corporation posted a new investor presentation on its investor relations website for use with existing and prospective investors. The materials, while available online and potentially used in future meetings, w...

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 11, 2026