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American Axle & Manufacturing Holdings (AXL)

(Real Time Quote from BATS)

$6.73 USD

6.73
489,182

+0.06 (0.90%)

Updated Jul 8, 2024 01:25 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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A Value A Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 22% (195 out of 249)

Industry: Automotive - Original Equipment

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Balance Sheet

Research for AXL

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for American Axle & Manufacturing Holdings, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 520 512 530 557 532
Receivables 819 820 763 793 815
Notes Receivable 0 0 0 0 0
Inventories 483 464 410 323 374
Other Current Assets 185 198 153 204 137
Total Current Assets 2,007 1,993 1,856 1,877 1,858
Net Property & Equipment 1,761 1,903 1,996 2,164 2,358
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 169 119 121 108 64
Intangibles 715 798 881 966 1,564
Deposits & Other Assets 589 549 658 685 801
Total Assets 5,356 5,469 5,636 5,916 6,645
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 774 734 613 579 624
Current Portion Long-Term Debt 17 76 19 14 29
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 372 340 356 341 355
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 17 28 28 23 19
Total Current Liabilities 1,202 1,199 1,040 979 1,026
Mortgages 0 0 0 0 0
Deferred Taxes/Income 87 84 108 104 103
Convertible Debt 0 0 0 0 0
Long-Term Debt 2,752 2,845 3,086 3,441 3,612
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 616 626 844 924 922
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,751 4,842 5,178 5,543 5,664
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 1 1 1 1 1
Capital Surplus 1,383 1,369 1,352 1,333 1,314
Retained Earnings -283 -250 -314 -320 249
Other Equity -263 -275 -365 -430 -374
Treasury Stock 233 218 216 212 209
Total Shareholder's Equity 605 627 458 373 980
Total Liabilities & Shareholder's Equity 5,356 5,469 5,636 5,916 6,645
Total Common Equity 605 627 458 373 980
Shares Outstanding 117.00 114.50 114.00 113.20 112.40
Book Value Per Share 5.17 5.48 4.02 3.30 8.72

Fiscal Year End for American Axle & Manufacturing Holdings, Inc falls in the month of December.

All items in Millions except Per Share data.

6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Assets          
Cash & Equivalents -99,999 470 520 616 511
Receivables NA 961 819 885 921
Notes Receivable NA 0 0 0 0
Inventories NA 477 483 460 477
Other Current Assets NA 186 185 178 200
Total Current Assets NA 2,093 2,007 2,139 2,110
Net Property & Equipment NA 1,700 1,761 1,765 1,818
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 165 169 152 136
Intangibles NA 694 715 734 756
Deposits & Other Assets NA 608 589 571 585
Total Assets NA 5,371 5,356 5,475 5,507
Liabilities & Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 830 774 812 828
Current Portion Long-Term Debt NA 25 17 25 16
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 343 372 376 352
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 15 17 16 16
Total Current Liabilities NA 1,236 1,202 1,249 1,234
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 86 87 74 76
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 2,735 2,752 2,834 2,854
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 616 611 615
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 4,750 4,751 4,861 4,863
Shareholders Equity 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 1 1 1 1
Capital Surplus NA 1,386 1,383 1,380 1,376
Retained Earnings NA -263 -283 -264 -247
Other Equity NA -268 -263 -270 -253
Treasury Stock NA 236 233 233 233
Total Shareholder's Equity NA 621 605 614 645
Total Liabilities & Shareholder's Equity NA 5,371 5,356 5,475 5,507
Total Common Equity 0 621 605 614 645
Shares Outstanding 117.50 117.50 117.00 117.00 117.00
Book Value Per Share 0.00 5.29 5.17 5.25 5.51