Intrinsic value of American Axle&Manufacturing Holdings - AXL

Previous Close

$15.59

  Intrinsic Value

$54.34

stock screener

  Rating & Target

str. buy

+249%

Previous close

$15.59

 
Intrinsic value

$54.34

 
Up/down potential

+249%

 
Rating

str. buy

We calculate the intrinsic value of AXL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  8.10
  7.79
  7.51
  7.26
  7.03
  6.83
  6.65
  6.48
  6.33
  6.20
  6.08
  5.97
  5.88
  5.79
  5.71
  5.64
  5.57
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.27
  5.25
  5.22
  5.20
  5.18
  5.16
  5.15
Revenue, $m
  6,774
  7,301
  7,850
  8,419
  9,012
  9,627
  10,267
  10,933
  11,625
  12,346
  13,097
  13,879
  14,695
  15,545
  16,433
  17,359
  18,327
  19,338
  20,395
  21,500
  22,656
  23,866
  25,132
  26,458
  27,846
  29,300
  30,824
  32,421
  34,094
  35,849
Variable operating expenses, $m
  6,100
  6,553
  7,024
  7,513
  8,021
  8,549
  9,098
  9,670
  10,264
  10,883
  11,240
  11,912
  12,612
  13,342
  14,103
  14,899
  15,729
  16,597
  17,504
  18,452
  19,445
  20,483
  21,569
  22,707
  23,899
  25,147
  26,454
  27,825
  29,261
  30,767
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  6,100
  6,553
  7,024
  7,513
  8,021
  8,549
  9,098
  9,670
  10,264
  10,883
  11,240
  11,912
  12,612
  13,342
  14,103
  14,899
  15,729
  16,597
  17,504
  18,452
  19,445
  20,483
  21,569
  22,707
  23,899
  25,147
  26,454
  27,825
  29,261
  30,767
Operating income, $m
  673
  748
  826
  907
  991
  1,078
  1,169
  1,263
  1,361
  1,463
  1,857
  1,967
  2,083
  2,204
  2,329
  2,461
  2,598
  2,741
  2,891
  3,048
  3,212
  3,383
  3,562
  3,750
  3,947
  4,153
  4,369
  4,596
  4,833
  5,082
EBITDA, $m
  1,318
  1,420
  1,527
  1,638
  1,753
  1,873
  1,997
  2,127
  2,261
  2,402
  2,548
  2,700
  2,858
  3,024
  3,196
  3,377
  3,565
  3,762
  3,967
  4,182
  4,407
  4,642
  4,889
  5,146
  5,416
  5,699
  5,996
  6,306
  6,632
  6,973
Interest expense (income), $m
  87
  290
  328
  367
  407
  449
  493
  539
  586
  635
  686
  739
  795
  853
  913
  976
  1,042
  1,110
  1,182
  1,256
  1,334
  1,416
  1,502
  1,591
  1,685
  1,783
  1,885
  1,993
  2,105
  2,223
  2,347
Earnings before tax, $m
  383
  421
  459
  500
  542
  585
  630
  677
  726
  777
  1,117
  1,172
  1,230
  1,290
  1,353
  1,419
  1,488
  1,560
  1,635
  1,713
  1,795
  1,881
  1,972
  2,066
  2,165
  2,268
  2,377
  2,490
  2,610
  2,735
Tax expense, $m
  103
  114
  124
  135
  146
  158
  170
  183
  196
  210
  302
  317
  332
  348
  365
  383
  402
  421
  441
  463
  485
  508
  532
  558
  584
  612
  642
  672
  705
  738
Net income, $m
  280
  307
  335
  365
  395
  427
  460
  494
  530
  567
  815
  856
  898
  942
  988
  1,036
  1,086
  1,139
  1,193
  1,251
  1,311
  1,373
  1,439
  1,508
  1,580
  1,656
  1,735
  1,818
  1,905
  1,996

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,520
  9,184
  9,874
  10,591
  11,335
  12,110
  12,915
  13,752
  14,623
  15,530
  16,474
  17,458
  18,484
  19,554
  20,670
  21,836
  23,053
  24,325
  25,654
  27,044
  28,498
  30,020
  31,612
  33,280
  35,026
  36,856
  38,772
  40,781
  42,886
  45,093
Adjusted assets (=assets-cash), $m
  8,520
  9,184
  9,874
  10,591
  11,335
  12,110
  12,915
  13,752
  14,623
  15,530
  16,474
  17,458
  18,484
  19,554
  20,670
  21,836
  23,053
  24,325
  25,654
  27,044
  28,498
  30,020
  31,612
  33,280
  35,026
  36,856
  38,772
  40,781
  42,886
  45,093
Revenue / Adjusted assets
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
  0.795
Average production assets, $m
  2,716
  2,928
  3,148
  3,376
  3,614
  3,861
  4,117
  4,384
  4,662
  4,951
  5,252
  5,566
  5,893
  6,234
  6,590
  6,961
  7,349
  7,755
  8,178
  8,622
  9,085
  9,570
  10,078
  10,609
  11,166
  11,749
  12,360
  13,001
  13,672
  14,375
Working capital, $m
  386
  416
  447
  480
  514
  549
  585
  623
  663
  704
  747
  791
  838
  886
  937
  989
  1,045
  1,102
  1,163
  1,226
  1,291
  1,360
  1,433
  1,508
  1,587
  1,670
  1,757
  1,848
  1,943
  2,043
Total debt, $m
  4,487
  5,021
  5,577
  6,154
  6,753
  7,377
  8,025
  8,699
  9,400
  10,130
  10,890
  11,682
  12,508
  13,369
  14,268
  15,206
  16,186
  17,210
  18,280
  19,399
  20,569
  21,794
  23,076
  24,419
  25,825
  27,297
  28,840
  30,457
  32,151
  33,928
Total liabilities, $m
  6,859
  7,393
  7,948
  8,525
  9,125
  9,748
  10,396
  11,070
  11,772
  12,502
  13,262
  14,054
  14,880
  15,741
  16,639
  17,578
  18,557
  19,581
  20,651
  21,771
  22,941
  24,166
  25,448
  26,790
  28,196
  29,669
  31,212
  32,828
  34,523
  36,300
Total equity, $m
  1,661
  1,791
  1,925
  2,065
  2,210
  2,361
  2,518
  2,682
  2,851
  3,028
  3,212
  3,404
  3,604
  3,813
  4,031
  4,258
  4,495
  4,743
  5,003
  5,274
  5,557
  5,854
  6,164
  6,490
  6,830
  7,187
  7,561
  7,952
  8,363
  8,793
Total liabilities and equity, $m
  8,520
  9,184
  9,873
  10,590
  11,335
  12,109
  12,914
  13,752
  14,623
  15,530
  16,474
  17,458
  18,484
  19,554
  20,670
  21,836
  23,052
  24,324
  25,654
  27,045
  28,498
  30,020
  31,612
  33,280
  35,026
  36,856
  38,773
  40,780
  42,886
  45,093
Debt-to-equity ratio
  2.700
  2.800
  2.900
  2.980
  3.060
  3.120
  3.190
  3.240
  3.300
  3.350
  3.390
  3.430
  3.470
  3.510
  3.540
  3.570
  3.600
  3.630
  3.650
  3.680
  3.700
  3.720
  3.740
  3.760
  3.780
  3.800
  3.810
  3.830
  3.840
  3.860
Adjusted equity ratio
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195
  0.195

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  280
  307
  335
  365
  395
  427
  460
  494
  530
  567
  815
  856
  898
  942
  988
  1,036
  1,086
  1,139
  1,193
  1,251
  1,311
  1,373
  1,439
  1,508
  1,580
  1,656
  1,735
  1,818
  1,905
  1,996
Depreciation, amort., depletion, $m
  644
  672
  701
  731
  762
  795
  828
  864
  900
  938
  691
  732
  775
  820
  867
  916
  967
  1,020
  1,076
  1,134
  1,195
  1,259
  1,326
  1,396
  1,469
  1,546
  1,626
  1,711
  1,799
  1,891
Funds from operations, $m
  924
  979
  1,036
  1,096
  1,157
  1,222
  1,288
  1,358
  1,430
  1,505
  1,506
  1,588
  1,673
  1,762
  1,855
  1,952
  2,053
  2,159
  2,269
  2,385
  2,506
  2,633
  2,765
  2,904
  3,049
  3,202
  3,361
  3,529
  3,704
  3,888
Change in working capital, $m
  29
  30
  31
  32
  34
  35
  36
  38
  39
  41
  43
  45
  46
  48
  51
  53
  55
  58
  60
  63
  66
  69
  72
  76
  79
  83
  87
  91
  95
  100
Cash from operations, $m
  895
  949
  1,005
  1,063
  1,124
  1,187
  1,252
  1,320
  1,391
  1,464
  1,464
  1,544
  1,627
  1,714
  1,804
  1,899
  1,998
  2,101
  2,209
  2,322
  2,440
  2,564
  2,693
  2,828
  2,970
  3,119
  3,274
  3,438
  3,609
  3,788
Maintenance CAPEX, $m
  -330
  -357
  -385
  -414
  -444
  -475
  -508
  -542
  -577
  -613
  -651
  -691
  -732
  -775
  -820
  -867
  -916
  -967
  -1,020
  -1,076
  -1,134
  -1,195
  -1,259
  -1,326
  -1,396
  -1,469
  -1,546
  -1,626
  -1,711
  -1,799
New CAPEX, $m
  -206
  -212
  -220
  -229
  -237
  -247
  -257
  -267
  -278
  -289
  -301
  -314
  -327
  -341
  -356
  -372
  -388
  -405
  -424
  -443
  -464
  -485
  -508
  -532
  -557
  -583
  -611
  -640
  -671
  -704
Cash from investing activities, $m
  -536
  -569
  -605
  -643
  -681
  -722
  -765
  -809
  -855
  -902
  -952
  -1,005
  -1,059
  -1,116
  -1,176
  -1,239
  -1,304
  -1,372
  -1,444
  -1,519
  -1,598
  -1,680
  -1,767
  -1,858
  -1,953
  -2,052
  -2,157
  -2,266
  -2,382
  -2,503
Free cash flow, $m
  359
  380
  400
  421
  442
  464
  487
  511
  536
  562
  511
  539
  568
  597
  628
  661
  694
  729
  765
  803
  842
  883
  926
  971
  1,018
  1,066
  1,117
  1,171
  1,227
  1,285
Issuance/(repayment) of debt, $m
  512
  534
  555
  577
  600
  623
  648
  674
  701
  730
  760
  792
  826
  861
  899
  938
  980
  1,024
  1,070
  1,119
  1,171
  1,225
  1,282
  1,342
  1,406
  1,473
  1,543
  1,617
  1,695
  1,777
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  512
  534
  555
  577
  600
  623
  648
  674
  701
  730
  760
  792
  826
  861
  899
  938
  980
  1,024
  1,070
  1,119
  1,171
  1,225
  1,282
  1,342
  1,406
  1,473
  1,543
  1,617
  1,695
  1,777
Total cash flow (excl. dividends), $m
  871
  914
  955
  998
  1,042
  1,088
  1,135
  1,185
  1,237
  1,292
  1,271
  1,331
  1,393
  1,459
  1,527
  1,599
  1,674
  1,753
  1,835
  1,922
  2,013
  2,108
  2,208
  2,313
  2,423
  2,539
  2,660
  2,788
  2,921
  3,062
Retained Cash Flow (-), $m
  -125
  -129
  -135
  -140
  -145
  -151
  -157
  -163
  -170
  -177
  -184
  -192
  -200
  -209
  -218
  -227
  -237
  -248
  -259
  -271
  -284
  -297
  -311
  -325
  -341
  -357
  -374
  -392
  -411
  -430
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  746
  785
  821
  858
  896
  937
  978
  1,022
  1,068
  1,115
  1,087
  1,139
  1,193
  1,250
  1,309
  1,371
  1,436
  1,505
  1,576
  1,651
  1,729
  1,811
  1,898
  1,988
  2,083
  2,182
  2,287
  2,396
  2,511
  2,631
Discount rate, %
  9.30
  9.77
  10.25
  10.77
  11.30
  11.87
  12.46
  13.09
  13.74
  14.43
  15.15
  15.91
  16.70
  17.54
  18.41
  19.33
  20.30
  21.32
  22.38
  23.50
  24.68
  25.91
  27.20
  28.57
  29.99
  31.49
  33.07
  34.72
  36.46
  38.28
PV of cash for distribution, $m
  682
  651
  612
  570
  525
  478
  430
  382
  335
  290
  230
  194
  160
  130
  104
  81
  62
  46
  34
  24
  17
  11
  7
  5
  3
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

American Axle & Manufacturing Holdings, Inc. (AAM) manufactures, engineers, designs and validates driveline and drivetrain systems and related components and chassis modules for light trucks, sport utility vehicles, crossover vehicles, passenger cars and commercial vehicles. Its driveline and drivetrain systems include components that transfer power from the transmission and deliver it to the drive wheels. Its driveline, drivetrain and related products include axles, driveheads, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, transmission parts, electric drive systems and metal-formed products. The Company's subsidiary, e-AAM Driveline Systems AB (e-AAM), engineers and develops battery electric and hybrid driveline systems to be commercialized for crossover vehicles and passenger cars. As of April 6, 2017, it operated in 17 countries and had approximately 90 manufacturing, engineering and business office facilities around the world.

FINANCIAL RATIOS  of  American Axle&Manufacturing Holdings (AXL)

Valuation Ratios
P/E Ratio 4.9
Price to Sales 0.3
Price to Book 2.4
Price to Tangible Book
Price to Cash Flow 2.9
Price to Free Cash Flow 6.6
Growth Rates
Sales Growth Rate 1.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 17.5%
Cap. Spend. - 3 Yr. Gr. Rate -2%
Financial Strength
Quick Ratio 160
Current Ratio 0
LT Debt to Equity 276.9%
Total Debt to Equity 277.5%
Interest Coverage 4
Management Effectiveness
Return On Assets 9.4%
Ret/ On Assets - 3 Yr. Avg. 8.7%
Return On Total Capital 13.4%
Ret/ On T. Cap. - 3 Yr. Avg. 12.2%
Return On Equity 59.7%
Return On Equity - 3 Yr. Avg. 119.7%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 18.4%
Gross Margin - 3 Yr. Avg. 16.3%
EBITDA Margin 14.9%
EBITDA Margin - 3 Yr. Avg. 14%
Operating Margin 9.7%
Oper. Margin - 3 Yr. Avg. 8.7%
Pre-Tax Margin 7.6%
Pre-Tax Margin - 3 Yr. Avg. 6.5%
Net Profit Margin 6.1%
Net Profit Margin - 3 Yr. Avg. 5.3%
Effective Tax Rate 19.4%
Eff/ Tax Rate - 3 Yr. Avg. 17.4%
Payout Ratio 0%

AXL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AXL stock intrinsic value calculation we used $6266 million for the last fiscal year's total revenue generated by American Axle&Manufacturing Holdings. The default revenue input number comes from 0001 income statement of American Axle&Manufacturing Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AXL stock valuation model: a) initial revenue growth rate of 8.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.3%, whose default value for AXL is calculated based on our internal credit rating of American Axle&Manufacturing Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of American Axle&Manufacturing Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AXL stock the variable cost ratio is equal to 90.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AXL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 7.3% for American Axle&Manufacturing Holdings.

Corporate tax rate of 27% is the nominal tax rate for American Axle&Manufacturing Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AXL stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AXL are equal to 40.1%.

Life of production assets of 7.6 years is the average useful life of capital assets used in American Axle&Manufacturing Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AXL is equal to 5.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1536 million for American Axle&Manufacturing Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 111.686 million for American Axle&Manufacturing Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of American Axle&Manufacturing Holdings at the current share price and the inputted number of shares is $1.7 billion.

RELATED COMPANIES Price Int.Val. Rating
TOWR Tower Internat 25.47 309.08  str.buy
DAN Dana 16.25 59.33  str.buy
MGA Magna Internat 47.53 91.08  str.buy
BWA BorgWarner 36.68 22.89  sell
TEN Tenneco 33.40 163.20  str.buy
SRI Stoneridge 23.36 25.98  hold
LEA Lear Corp. 137.25 416.27  str.buy

COMPANY NEWS

▶ AAM to Showcase Latest Technologies at IZB   [Oct-10-18 08:30AM  PR Newswire]
▶ IIROC Trading Resumption - AXL   [Oct-04-18 04:24PM  CNW Group]
▶ 6 Stocks Trading Below Peter Lynch Value   [Oct-01-18 03:31PM  GuruFocus.com]
▶ 8 Stocks To Lead The Market: Morgan Stanley   [Sep-14-18 01:32PM  Investopedia]
▶ AAM Announces Officer Appointments   [Sep-04-18 04:18PM  PR Newswire]
▶ American Axle: 2Q Earnings Snapshot   [09:15AM  Associated Press]
▶ Top Ranked Value Stocks to Buy for July 23rd   [Jul-23-18 10:25AM  Zacks]
▶ Automotive Equipment Industry Pins Hope on Best 4 Stocks   [Jul-19-18 10:12AM  InvestorPlace]
▶ Top Ranked Value Stocks to Buy for July 13th   [Jul-13-18 09:47AM  Zacks]
▶ Tesla (TSLA) Raises Prices in China as Trade Spat Escalates   [Jul-10-18 02:30PM  InvestorPlace]
▶ 5 Low Price-to-Book Stocks Worth Buying in July   [Jul-09-18 02:00PM  InvestorPlace]
▶ AAM Awarded Jaguar Land Rover Excellence Award   [Jun-20-18 09:00AM  PR Newswire]
▶ AAM Recognized by the Fortune 500 List   [Jun-19-18 09:00AM  PR Newswire]
▶ Why This Stock Can Rise 40%   [07:00AM  Investopedia]
▶ [$$] American Axle Is One of the Cheapest Stocks Around   [Jun-16-18 12:01AM  Barrons.com]
▶ American Axle's stock rises after sales target raised   [Jun-14-18 07:51AM  MarketWatch]
▶ American Axle Stands to Benefit From Auto 2.0   [Jun-13-18 03:37PM  Barrons.com]
▶ AAM to Supply AWD PTUs for Global Ford Crossovers   [Jun-11-18 10:02AM  PR Newswire]
▶ Cadillac XT4 to Feature AAM's AWD Power Transfer Unit   [Jun-07-18 09:00AM  PR Newswire]
▶ AAM to Host an Investor Day on June 14   [Jun-05-18 09:40AM  PR Newswire]
▶ [$$] Hidden Harbor Buys Auto Aftermarket Product Company Cloyes Gear   [May-04-18 01:39PM  The Wall Street Journal]
▶ American Axle: 1Q Earnings Snapshot   [08:07AM  Associated Press]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.