American Axle Manufacturing Stock Z Score

AXL Stock

USD 7.08 0.10 1.43%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out American Axle Piotroski F Score and American Axle Valuation analysis.

At this time, American Axle's Net Invested Capital is quite stable compared to the past year. Net Working Capital is expected to rise to about 871.5 M this year, although the value of Capital Stock will most likely fall to about 1.4 M. At this time, American Axle's Non Operating Income Net Other is quite stable compared to the past year. Minority Interest is expected to rise to 0.00 this year, although the value of Selling General Administrative will most likely fall to about 271.1 M.

American Axle Manufacturing Company Z Score Analysis

American Axle's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

American Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for American Axle is extremely important. It helps to project a fair market value of American Stock properly, considering its historical fundamentals such as Z Score. Since American Axle's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of American Axle's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of American Axle's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Short Term Debt	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Long Term Investments	Net Working Capital	Capital Stock
Total Assets		0.89	0.97	0.5	0.93	0.97	0.99	0.93	0.94	0.84	0.98	0.74	-0.61	0.93	-0.14	-0.43	0.58	-0.55	0.95	0.85	0.69	0.47	-0.01	-0.36	0.57	0.24	0.14
Total Stockholder Equity	0.89		0.8	0.79	0.82	0.84	0.8	0.76	0.84	0.62	0.82	0.84	-0.36	0.84	0.1	-0.21	0.5	-0.47	0.82	0.68	0.76	0.5	-0.21	-0.16	0.34	0.0	0.09
Net Debt	0.97	0.8		0.37	0.91	0.92	0.98	0.89	0.97	0.84	1.0	0.69	-0.54	0.95	-0.1	-0.34	0.57	-0.64	0.97	0.87	0.67	0.45	0.04	-0.41	0.62	0.31	0.15
Retained Earnings	0.5	0.79	0.37		0.38	0.47	0.37	0.33	0.44	0.11	0.4	0.76	-0.04	0.37	0.22	-0.05	0.09	-0.27	0.34	0.11	0.61	0.26	-0.58	0.42	-0.24	-0.44	-0.35
Accounts Payable	0.93	0.82	0.91	0.38		0.95	0.92	0.93	0.86	0.9	0.9	0.63	-0.6	0.89	-0.17	-0.43	0.71	-0.43	0.9	0.88	0.61	0.57	0.08	-0.45	0.62	0.16	0.38
Net Receivables	0.97	0.84	0.92	0.47	0.95		0.96	0.97	0.85	0.89	0.93	0.65	-0.7	0.86	-0.29	-0.54	0.58	-0.39	0.9	0.84	0.59	0.43	0.03	-0.39	0.57	0.21	0.23
Total Liab	0.99	0.8	0.98	0.37	0.92	0.96		0.94	0.92	0.87	0.99	0.66	-0.67	0.91	-0.22	-0.49	0.57	-0.54	0.95	0.86	0.63	0.43	0.06	-0.42	0.62	0.31	0.15
Total Current Assets	0.93	0.76	0.89	0.33	0.93	0.97	0.94		0.79	0.95	0.91	0.47	-0.72	0.86	-0.32	-0.52	0.64	-0.27	0.89	0.9	0.44	0.44	0.22	-0.55	0.72	0.35	0.34
Intangible Assets	0.94	0.84	0.97	0.44	0.86	0.85	0.92	0.79		0.72	0.96	0.8	-0.37	0.95	0.13	-0.17	0.56	-0.77	0.95	0.81	0.79	0.5	-0.08	-0.32	0.52	0.22	0.08
Common Stock	0.84	0.62	0.84	0.11	0.9	0.89	0.87	0.95	0.72		0.85	0.34	-0.68	0.83	-0.35	-0.48	0.62	-0.25	0.85	0.94	0.33	0.36	0.38	-0.68	0.82	0.43	0.53
Long Term Debt	0.98	0.82	1.0	0.4	0.9	0.93	0.99	0.91	0.96	0.85		0.68	-0.56	0.95	-0.12	-0.35	0.56	-0.6	0.97	0.88	0.65	0.44	0.06	-0.42	0.64	0.34	0.14
Good Will	0.74	0.84	0.69	0.76	0.63	0.65	0.66	0.47	0.8	0.34	0.68		-0.18	0.65	0.23	-0.15	0.23	-0.76	0.66	0.4	0.91	0.34	-0.57	0.2	-0.04	-0.24	-0.19
Treasury Stock	-0.61	-0.36	-0.54	-0.04	-0.6	-0.7	-0.67	-0.72	-0.37	-0.68	-0.56	-0.18		-0.41	0.75	0.94	-0.42	-0.08	-0.52	-0.51	-0.16	-0.22	-0.21	0.42	-0.45	-0.35	-0.23
Property Plant Equipment	0.93	0.84	0.95	0.37	0.89	0.86	0.91	0.86	0.95	0.83	0.95	0.65	-0.41		0.05	-0.17	0.62	-0.6	0.99	0.93	0.65	0.5	0.19	-0.53	0.72	0.39	0.31
Current Deferred Revenue	-0.14	0.1	-0.1	0.22	-0.17	-0.29	-0.22	-0.32	0.13	-0.35	-0.12	0.23	0.75	0.05		0.81	0.07	-0.42	-0.08	-0.12	0.33	0.27	-0.32	0.24	-0.23	-0.32	-0.23
Short Term Investments	-0.43	-0.21	-0.34	-0.05	-0.43	-0.54	-0.49	-0.52	-0.17	-0.48	-0.35	-0.15	0.94	-0.17	0.81		-0.23	-0.16	-0.29	-0.24	-0.1	-0.1	-0.05	0.16	-0.18	-0.11	-0.11
Short Term Debt	0.58	0.5	0.57	0.09	0.71	0.58	0.57	0.64	0.56	0.62	0.56	0.23	-0.42	0.62	0.07	-0.23		-0.15	0.58	0.65	0.34	0.93	0.31	-0.49	0.62	0.1	0.33
Net Tangible Assets	-0.55	-0.47	-0.64	-0.27	-0.43	-0.39	-0.54	-0.27	-0.77	-0.25	-0.6	-0.76	-0.08	-0.6	-0.42	-0.16	-0.15		-0.58	-0.39	-0.78	-0.21	0.39	-0.06	-0.08	0.02	0.2
Long Term Debt Total	0.95	0.82	0.97	0.34	0.9	0.9	0.95	0.89	0.95	0.85	0.97	0.66	-0.52	0.99	-0.08	-0.29	0.58	-0.58		0.93	0.66	0.44	0.17	-0.55	0.71	0.44	0.31
Capital Surpluse	0.85	0.68	0.87	0.11	0.88	0.84	0.86	0.9	0.81	0.94	0.88	0.4	-0.51	0.93	-0.12	-0.24	0.65	-0.39	0.93		0.42	0.43	0.42	-0.76	0.88	0.55	0.56
Deferred Long Term Liab	0.69	0.76	0.67	0.61	0.61	0.59	0.63	0.44	0.79	0.33	0.65	0.91	-0.16	0.65	0.33	-0.1	0.34	-0.78	0.66	0.42		0.42	-0.45	0.07	0.02	-0.17	-0.08
Short Long Term Debt	0.47	0.5	0.45	0.26	0.57	0.43	0.43	0.44	0.5	0.36	0.44	0.34	-0.22	0.5	0.27	-0.1	0.93	-0.21	0.44	0.43	0.42		0.07	-0.2	0.35	-0.14	0.08
Cash And Equivalents	-0.01	-0.21	0.04	-0.58	0.08	0.03	0.06	0.22	-0.08	0.38	0.06	-0.57	-0.21	0.19	-0.32	-0.05	0.31	0.39	0.17	0.42	-0.45	0.07		-0.77	0.77	0.72	0.65
Net Invested Capital	-0.36	-0.16	-0.41	0.42	-0.45	-0.39	-0.42	-0.55	-0.32	-0.68	-0.42	0.2	0.42	-0.53	0.24	0.16	-0.49	-0.06	-0.55	-0.76	0.07	-0.2	-0.77		-0.9	-0.83	-0.78
Long Term Investments	0.57	0.34	0.62	-0.24	0.62	0.57	0.62	0.72	0.52	0.82	0.64	-0.04	-0.45	0.72	-0.23	-0.18	0.62	-0.08	0.71	0.88	0.02	0.35	0.77	-0.9		0.73	0.64
Net Working Capital	0.24	0.0	0.31	-0.44	0.16	0.21	0.31	0.35	0.22	0.43	0.34	-0.24	-0.35	0.39	-0.32	-0.11	0.1	0.02	0.44	0.55	-0.17	-0.14	0.72	-0.83	0.73		0.47
Capital Stock	0.14	0.09	0.15	-0.35	0.38	0.23	0.15	0.34	0.08	0.53	0.14	-0.19	-0.23	0.31	-0.23	-0.11	0.33	0.2	0.31	0.56	-0.08	0.08	0.65	-0.78	0.64	0.47

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict American Axle

In accordance with the company's disclosures, American Axle Manufacturing has a Z Score of 0.0. This is 100.0% lower than that of the Automobile Components sector and 100.0% lower than that of the Consumer Discretionary industry. The z score for all United States stocks is 100.0% higher than that of the company.

American Axle Institutional Holders

Institutional Holdings refers to the ownership stake in American Axle that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of American Axle's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing American Axle's value.

		Shares
Lsv Asset Management	2023-12-31	2.6 M
Geode Capital Management, Llc	2023-12-31	2.4 M
Amvescap Plc.	2023-12-31	2.4 M
American Century Companies Inc	2023-12-31	2.1 M
Morgan Stanley - Brokerage Accounts	2023-12-31	1.7 M
Sequoia Financial Advisors Llc	2023-12-31	1.6 M
Penn Capital Management Company Llc	2023-12-31	1.3 M
Northern Trust Corp	2023-12-31	1.2 M
Mirae Asset Global Investments (korea) Co Ltd	2023-12-31	1.1 M
Blackrock Inc	2023-12-31	19.1 M
Vanguard Group Inc	2023-12-31	14.1 M

American Fundamentals

	Return On Equity	-0.0545
	Return On Asset	0.0198
	Profit Margin	(0.01) %
	Operating Margin	0.03 %
	Current Valuation	3.31 B
	Shares Outstanding	117.54 M
	Shares Owned By Insiders	3.83 %
	Shares Owned By Institutions	96.17 %
	Number Of Shares Shorted	2.8 M
	Price To Earning	15.16 X
	Price To Book	1.37 X
	Price To Sales	0.14 X
	Revenue	6.08 B
	Gross Profit	665.8 M
	EBITDA	634.4 M
	Net Income	(33.6 M)
	Cash And Equivalents	511.5 M
	Cash Per Share	4.14 X
	Total Debt	2.98 B
	Debt To Equity	6.38 %
	Current Ratio	1.69 X
	Book Value Per Share	5.17 X
	Cash Flow From Operations	396.1 M
	Short Ratio	0.87 X
	Earnings Per Share	(0.29) X
	Price To Earnings To Growth	(1.17) X
	Target Price	7.63
	Number Of Employees	19 K
	Beta	2.23
	Market Capitalization	825.13 M
	Total Asset	5.36 B
	Retained Earnings	(283.2 M)
	Working Capital	805 M
	Current Asset	1.12 B
	Current Liabilities	699.2 M
	Net Asset	5.36 B

About American Axle Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze American Axle Manufacturing's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of American Axle using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of American Axle Manufacturing based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with American Axle

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 American Axle 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 American Axle will appreciate offsetting losses from the drop in the long position's value.

Moving together with American Stock

0.61

Visteon Corp Earnings Call This Week

Pair Corr

Moving against American Stock

0.64	LI	Li AutoInc Financial Report 8th of May 2024	Pair Corr
0.64	MOD	Modine Manufacturing Financial Report 22nd of May 2024	Pair Corr
0.61	TM	Toyota Motor Financial Report 8th of May 2024	Pair Corr
0.59	GNTX	Gentex Earnings Call This Week	Pair Corr
0.59	DIBS	1StdibsCom Financial Report 8th of May 2024	Pair Corr

The ability to find closely correlated positions to American Axle could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace American Axle 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 American Axle - 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 American Axle Manufacturing to buy it.

The correlation of American Axle 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 American Axle moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if American Axle Manufa 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 American Axle 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 American Axle Manufa is a strong investment it is important to analyze American Axle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact American Axle's future performance. For an informed investment choice regarding American Stock, refer to the following important reports:

How To Invest In American

Details

Is American Stock a good investment?

Details

What is American Axle's Net Worth?

Details

Largest Automotive Parts & Equipment Companies

View

Largest Automobiles & Components Companies

View

Check out American Axle Piotroski F Score and American Axle Valuation analysis.

You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for American Stock analysis

When running American Axle's price analysis, check to measure American Axle'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 American Axle is operating at the current time. Most of American Axle's value examination focuses on studying past and present price action to predict the probability of American Axle's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move American Axle's price. Additionally, you may evaluate how the addition of American Axle to your portfolios can decrease your overall portfolio volatility.

	Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio
	Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
	Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
	Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets
	Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years
	Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities
	Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
	Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine

Is American Axle'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 American Axle. If investors know American 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 American Axle 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

(0.65)

Earnings Share

(0.29)

Revenue Per Share

52.14

Quarterly Revenue Growth

0.05

Return On Assets

0.0198

The market value of American Axle Manufa is measured differently than its book value, which is the value of American that is recorded on the company's balance sheet. Investors also form their own opinion of American Axle's value that differs from its market value or its book value, called intrinsic value, which is American Axle'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 American Axle's market value can be influenced by many factors that don't directly affect American Axle'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 American Axle's value and its price as these two are different measures arrived at by different means. Investors typically determine if American Axle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, American Axle'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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

American Axle Manufacturing Stock Z Score

American Axle Manufacturing Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

American Z Score Driver Correlations

American Axle Institutional Holders

American Fundamentals

About American Axle Fundamental Analysis

Pair Trading with American Axle

Moving together with American Stock

Moving against American Stock

Complementary Tools for American Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY