Ampco-Pittsburgh Corporation Common Stock (AP)

FairStock Score: 23/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Looking at Ampco-Pittsburgh, I see a classic industrial turnaround that would demand a large margin of safety. The company makes specialty metal products and customized equipment. The numbers are not those of a durable compounder. In fiscal 2025, revenue was $416.3M, but the company lost $66.1M, or $3.28 per diluted share. Fiscal 2024 produced only $438,000 of net income on $402.8M of revenue, and fiscal 2023 was a $39.9M loss. The latest filed quarter, fiscal Q2 2026, showed a modest profit: $97.9M of revenue, $1.5M of net income, and $0.07 diluted EPS, which is an improvement from a $7.3M loss in fiscal Q2 2025, though revenue fell from $108.9M. That is a hopeful flicker, not yet a proven trend. The balance sheet is the bigger issue. Debt-to-equity is 2.94, the Altman Z-Score is 0.38, and trailing free cash flow is -$4.0M. Return on equity is -90.9%, and return on capital employed is only 1.9%. At $9.34 on 2026-10-13, the market cap is $193M. The price-to-book ratio is 6.19, and the negative P/E of -3.18 means earnings give no valuation support. The FairStock Score of 23/100 and Lynch TURNAROUND label fit. I would want evidence of sustained profits, positive free cash flow, and lower leverage before calling this a value opportunity. Until then, it is a speculative industrial recovery, and the current price offers little margin of safety.

In plain English: Ampco-Pittsburgh makes specialty metal products and customized equipment for industrial customers. The business looks weak: it lost a lot of money in fiscal 2025, carries heavy debt, and has been burning cash, though it did post a small profit in the quarter ended June 30, 2026. At $9.34, the stock does not look cheap compared with its weak profits and accounting value, so it looks expensive for what the numbers currently show.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer