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American Axle & Manufacturing Holdings

DB:AYA
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AYA
DB
$349M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming products in the United States, Mexico, South America, China, other Asian countries, and Europe. The last earnings update was 53 days ago. More info.


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  • American Axle & Manufacturing Holdings has significant price volatility in the past 3 months.
AYA Share Price and Events
7 Day Returns
-14.2%
DB:AYA
3.7%
DE Auto Components
2.1%
DE Market
1 Year Returns
-
DB:AYA
-47.8%
DE Auto Components
-16.6%
DE Market
AYA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
American Axle & Manufacturing Holdings (AYA) -14.2% -45% -69.3% - -82.3% -88.3%
DE Auto Components 3.7% -20.4% -41.1% -47.8% -63.5% -67.9%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • No trading data on AYA.
  • No trading data on AYA.
Price Volatility
AYA
Industry
5yr Volatility vs Market

AYA Value

 Is American Axle & Manufacturing Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of American Axle & Manufacturing Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for American Axle & Manufacturing Holdings.

DB:AYA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AYA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (1085.96%))
7.644
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:AYA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for American Axle & Manufacturing Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AYA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 274.83 Analyst x4 248.73
2021 290.37 Analyst x3 237.85
2022 278.00 Analyst x1 206.10
2023 269.88 Est @ -2.92% 181.08
2024 264.05 Est @ -2.16% 160.35
2025 259.74 Est @ -1.63% 142.76
2026 256.47 Est @ -1.26% 127.58
2027 253.91 Est @ -1% 114.31
2028 251.84 Est @ -0.82% 102.62
2029 250.11 Est @ -0.69% 92.24
Present value of next 10 years cash flows $1,613.00
DB:AYA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $250.11 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$2,289.85
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,289.85 ÷ (1 + 10.49%)10
$844.46
DB:AYA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,613.00 + $844.46
$2,457.46
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,457.46 / 113.04
$21.74
DB:AYA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AYA represents 0.90553x of NYSE:AXL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90553x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 21.74 x 0.90553
€19.69
Value per share (EUR) From above. €19.69
Current discount Discount to share price of €2.78
= -1 x (€2.78 - €19.69) / €19.69
85.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price American Axle & Manufacturing Holdings is available for.
Intrinsic value
>50%
Share price is €2.78 vs Future cash flow value of €19.69
Current Discount Checks
For American Axle & Manufacturing Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • American Axle & Manufacturing Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • American Axle & Manufacturing Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for American Axle & Manufacturing Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are American Axle & Manufacturing Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AYA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-4.31
NYSE:AXL Share Price ** NYSE (2020-04-07) in USD $3.07
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 12.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of American Axle & Manufacturing Holdings.

DB:AYA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:AXL Share Price ÷ EPS (both in USD)

= 3.07 ÷ -4.31

-0.71x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Axle & Manufacturing Holdings is loss making, we can't compare its value to the DE Auto Components industry average.
  • American Axle & Manufacturing Holdings is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does American Axle & Manufacturing Holdings's expected growth come at a high price?
Raw Data
DB:AYA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.71x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
126.4%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.53x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for American Axle & Manufacturing Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on American Axle & Manufacturing Holdings's assets?
Raw Data
DB:AYA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $8.68
NYSE:AXL Share Price * NYSE (2020-04-07) in USD $3.07
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.7x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:AYA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:AXL Share Price ÷ Book Value per Share (both in USD)

= 3.07 ÷ 8.68

0.35x

* Primary Listing of American Axle & Manufacturing Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Axle & Manufacturing Holdings is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess American Axle & Manufacturing Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. American Axle & Manufacturing Holdings has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AYA Future Performance

 How is American Axle & Manufacturing Holdings expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
126.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is American Axle & Manufacturing Holdings expected to grow at an attractive rate?
  • American Axle & Manufacturing Holdings's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • American Axle & Manufacturing Holdings's earnings growth is expected to exceed the Germany market average.
  • American Axle & Manufacturing Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AYA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AYA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 126.4%
DB:AYA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts -5.6%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 49.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AYA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AYA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,490 591 1 4
2021-12-31 5,662 582 83 7
2020-12-31 5,160 555 -18 8
2020-04-07
DB:AYA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 6,531 560 -485
2019-09-30 6,795 637 -383
2019-06-30 6,935 619 -197
2019-03-31 7,131 624 -104
2018-12-31 7,270 772 -58
2018-09-30 7,310 740 399
2018-06-30 7,218 723 422
2018-03-31 7,075 652 340
2017-12-31 6,266 647 330
2017-09-30 5,479 537 272
2017-06-30 4,761 437 247
2017-03-31 4,029 444 252

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • American Axle & Manufacturing Holdings's earnings are expected to grow significantly at over 20% yearly.
  • American Axle & Manufacturing Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AYA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from American Axle & Manufacturing Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AYA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.00 0.00 0.00 1.00
2021-12-31 0.93 1.36 0.32 3.00
2020-12-31 0.36 1.40 -0.61 3.00
2020-04-07
DB:AYA Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -4.31
2019-09-30 -3.42
2019-06-30 -1.76
2019-03-31 -0.93
2018-12-31 -0.52
2018-09-30 3.58
2018-06-30 3.78
2018-03-31 3.07
2017-12-31 3.22
2017-09-30 2.90
2017-06-30 2.92
2017-03-31 3.29

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if American Axle & Manufacturing Holdings will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess American Axle & Manufacturing Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
American Axle & Manufacturing Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AYA Past Performance

  How has American Axle & Manufacturing Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare American Axle & Manufacturing Holdings's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • American Axle & Manufacturing Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare American Axle & Manufacturing Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare American Axle & Manufacturing Holdings's 1-year growth to the DE Auto Components industry average as it is not currently profitable.
Earnings and Revenue History
American Axle & Manufacturing Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from American Axle & Manufacturing Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AYA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,530.90 -484.50 379.80
2019-09-30 6,795.00 -383.00 374.80
2019-06-30 6,934.60 -197.10 377.10
2019-03-31 7,131.20 -104.30 379.70
2018-12-31 7,270.40 -57.50 386.00
2018-09-30 7,310.20 399.30 399.90
2018-06-30 7,217.60 422.00 405.60
2018-03-31 7,074.50 340.30 415.90
2017-12-31 6,266.00 329.60 396.40
2017-09-30 5,478.60 271.50 371.50
2017-06-30 4,761.10 247.40 347.80
2017-03-31 4,028.70 252.00 350.70 -30.90
2016-12-31 3,948.00 235.20 318.10
2016-09-30 3,959.90 251.00 273.20 31.30
2016-06-30 3,924.60 250.20 234.30 57.10
2016-03-31 3,903.20 238.00 166.90 117.50
2015-12-31 3,903.10 230.30 274.10
2015-09-30 3,884.20 181.60 163.00 109.90
2015-06-30 3,863.40 165.10 160.90 110.50
2015-03-31 3,806.30 159.10 156.90 105.40
2014-12-31 3,696.00 140.10 151.30 103.90
2014-09-30 3,587.80 155.10 142.50 100.60
2014-06-30 3,457.80 143.70 139.10 97.80
2014-03-31 3,310.50 118.30 135.20 100.70
2013-12-31 3,207.30 92.60 135.00 103.40
2013-09-30 3,112.70 382.00 130.80 112.50
2013-06-30 2,994.80 344.90 125.80 120.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if American Axle & Manufacturing Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if American Axle & Manufacturing Holdings has efficiently used its assets last year compared to the DE Auto Components industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if American Axle & Manufacturing Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess American Axle & Manufacturing Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
American Axle & Manufacturing Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AYA Health

 How is American Axle & Manufacturing Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up American Axle & Manufacturing Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • American Axle & Manufacturing Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • American Axle & Manufacturing Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of American Axle & Manufacturing Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from American Axle & Manufacturing Holdings Company Filings, last reported 3 months ago.

DB:AYA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 980.40 3,667.30 532.90
2019-09-30 1,409.60 3,731.30 376.70
2019-06-30 1,572.20 3,728.50 250.10
2019-03-31 1,523.80 3,810.50 252.40
2018-12-31 1,486.30 3,812.60 477.30
2018-09-30 1,838.70 3,882.50 441.00
2018-06-30 1,766.20 3,907.20 353.60
2018-03-31 1,686.00 4,018.00 342.20
2017-12-31 1,540.00 3,975.50 378.10
2017-09-30 1,436.60 4,178.40 549.60
2017-06-30 1,297.10 4,181.50 490.60
2017-03-31 635.80 2,584.90 1,543.40
2016-12-31 504.20 1,404.20 481.20
2016-09-30 520.00 1,404.40 433.90
2016-06-30 457.40 1,406.70 388.40
2016-03-31 386.90 1,385.50 262.00
2015-12-31 301.50 1,379.00 282.50
2015-09-30 226.80 1,527.30 365.60
2015-06-30 205.20 1,531.10 301.30
2015-03-31 142.30 1,534.70 205.70
2014-12-31 113.40 1,517.60 249.20
2014-09-30 171.60 1,542.60 219.00
2014-06-30 143.40 1,540.60 128.90
2014-03-31 83.30 1,573.20 79.60
2013-12-31 40.50 1,553.80 154.00
2013-09-30 -46.80 1,567.20 118.60
2013-06-30 -101.60 1,541.00 78.90
  • American Axle & Manufacturing Holdings's level of debt (374.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1330.3% vs 374.1% today).
  • Debt is not well covered by operating cash flow (15.3%, less than 20% of total debt).
  • American Axle & Manufacturing Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess American Axle & Manufacturing Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. American Axle & Manufacturing Holdings has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AYA Dividends

 What is American Axle & Manufacturing Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from American Axle & Manufacturing Holdings dividends. Estimated to be 0% next year.
If you bought €2,000 of American Axle & Manufacturing Holdings shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate American Axle & Manufacturing Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate American Axle & Manufacturing Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AYA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AYA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.00 2.00
2021-12-31 0.00 4.00
2020-12-31 0.00 4.00
2020-04-07
DB:AYA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2010-10-29 0.000 0.000
2010-07-30 0.000 0.000
2010-04-30 0.000 0.000
2010-02-22 0.000 0.000
2010-02-05 0.000 0.000
2009-10-30 0.000 0.000
2009-08-06 0.000 0.000
2009-08-05 0.000 0.000
2009-05-04 0.000 0.000
2009-05-01 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as American Axle & Manufacturing Holdings has not reported any payouts.
  • Unable to verify if American Axle & Manufacturing Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of American Axle & Manufacturing Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as American Axle & Manufacturing Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of American Axle & Manufacturing Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess American Axle & Manufacturing Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can American Axle & Manufacturing Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. American Axle & Manufacturing Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AYA Management

 What is the CEO of American Axle & Manufacturing Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Dauch
COMPENSATION $7,663,251
AGE 54
TENURE AS CEO 7.6 years
CEO Bio

Mr. David Charles Dauch has been Chairman and Chief Executive Officer at Metaldyne Performance Group Inc. since April 6, 2017. Mr. Dauch has been the Chairman of the Board and Chief Executive Officer of American Axle & Manufacturing Holdings, Inc. since September 1, 2012. Mr. Dauch has been Chief Executive Officer at American Axle & Manufacturing, Inc. since September 2012 and its Chairman since August 2013. He served as President at American Axle & Manufacturing Holdings, Inc. from June 1, 2008 to August 2015. He served as the Chief Operating Officer of American Axle & Manufacturing, Inc. from November 2007 to September 2012 and its President from June 1, 2008 to August 6, 2015. He served as the Chief Operating Officer of American Axle & Manufacturing Holdings, Inc. from 2008 to September 1, 2012. He served as an Executive Vice President of American Axle & Manufacturing, Inc. and American Axle & Manufacturing Holdings, Inc. from December 2007 to June 2008. He served as Executive Vice President of Commercial and Strategic Development at American Axle & Manufacturing Holdings, Inc. and American Axle & Manufacturing, Inc. from January 2005 to November 2007. He served as Senior Vice President of Commercial at American Axle & Manufacturing Holdings, Inc. from June 2004 to January 2005 and served as its Vice President of Manufacturing of Driveline Division from January 2001 to September 2003. He served as Senior Vice President of Sales and Marketing of Driveline Division at American Axle & Manufacturing Holdings, Inc. from September 2003 to May 2004. He served as Vice President of Sales & Marketing from 1998 to January 2001. He joined American Axle & Manufacturing Holdings, Inc. in 1995 as Manager of Sales Administration. Mr. Dauch held various positions at Collins & Aikman Products Company, including Sales Manager. From 1987 to 1995, he served at Products where he held positions of product manager, account executive and Director of Ford Sales and Marketing at the Automotive Carpet and Fabric Groups. He has been the Chairman of American Axle & Manufacturing Holdings, Inc. since August 16, 2013 and has been its Director since April 1, 2009. He has been a Director of American Axle & Manufacturing, Inc., since April 2009. He serves as Director of Amerisure Insurance Company and Amerisure Mutual Insurance Company, Inc. He serves as a Director of Business Leaders for Michigan, the Detroit Economic Club, the Detroit Regional Chamber, the Great Lakes Council Boy Scouts of America, the Boys & Girls Club of Southeast Michigan, the National Association of Manufacturers, the Original Equipment Suppliers Association. He was a Director at Horizon Global Corporation since June 29, 2015 until May 15, 2018. He served as a Director of Collins & Aikman Corp. (now Collins & Aikman LLC) since 2002. He served as a Director of Sales of GM Full-Size Truck Programs from May 1996 to 1998. Mr. Dauch holds Bachelor of Science Degrees in Production/Operations and Purchasing Management from Miami University (Ohio) and Master of Business Administration from Michigan State University.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the American Axle & Manufacturing Holdings management team in years:

4.7
Average Tenure
55.5
Average Age
  • The tenure for the American Axle & Manufacturing Holdings management team is about average.
Management Team

David Dauch

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
54
TENURE
7.6 yrs

Mike Simonte

TITLE
President
COMPENSATION
$3M
AGE
55
TENURE
4.7 yrs

Chris May

TITLE
VP & CFO
COMPENSATION
$2M
AGE
49
TENURE
4.7 yrs

Norman Willemse

TITLE
President of Metal Forming
COMPENSATION
$2M
AGE
62

Greg Deveson

TITLE
President of Driveline
COMPENSATION
$2M
AGE
57

James Zaliwski

TITLE
Chief Accounting Officer & Executive Director of Corporate Finance
AGE
48
TENURE
0.9 yrs

Phil Guys

TITLE
CTO & VP of Global Product Engineering
AGE
56
TENURE
4.1 yrs

Don Wright

TITLE
Chief Information Officer & VP
TENURE
7.3 yrs

Jason Parsons

TITLE
Director of Investor Relations
TENURE
4.7 yrs

David Barnes

TITLE
Chief Compliance Officer
AGE
60
Board of Directors Tenure

Average tenure and age of the American Axle & Manufacturing Holdings board of directors in years:

6.7
Average Tenure
62.5
Average Age
  • The tenure for the American Axle & Manufacturing Holdings board of directors is about average.
Board of Directors

David Dauch

TITLE
Chairman & CEO
COMPENSATION
$8M
AGE
54
TENURE
6.7 yrs

Beth Chappell

TITLE
Independent Director
COMPENSATION
$246K
AGE
61
TENURE
15.6 yrs

William Miller

TITLE
Independent Director
COMPENSATION
$256K
AGE
63
TENURE
15.3 yrs

Jim McCaslin

TITLE
Independent Director
COMPENSATION
$250K
AGE
70
TENURE
9.2 yrs

Sam Valenti

TITLE
Lead Independent Director
COMPENSATION
$266K
AGE
73

John Smith

TITLE
Independent Director
COMPENSATION
$246K
AGE
68
TENURE
8.5 yrs

Bill Kozyra

TITLE
Independent Director
COMPENSATION
$239K
AGE
62
TENURE
5 yrs

Peter Lyons

TITLE
Independent Director
COMPENSATION
$236K
AGE
63
TENURE
5 yrs

Herbert Parker

TITLE
Independent Director
COMPENSATION
$237K
AGE
61
TENURE
1.4 yrs

Sandy Pierce

TITLE
Independent Director
COMPENSATION
$236K
AGE
60
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by American Axle & Manufacturing Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Mar 20 Buy James McCaslin Individual 10. Mar 20 10. Mar 20 10,000 €4.14 €41,365
06. Mar 20 Buy Herbert Parker Individual 06. Mar 20 06. Mar 20 30,000 €5.03 €151,010
04. Mar 20 Buy John Smith Individual 03. Mar 20 03. Mar 20 6,500 €5.46 €35,471
X
Management checks
We assess American Axle & Manufacturing Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. American Axle & Manufacturing Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AYA News

Simply Wall St News

AYA Company Info

Description

American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming products in the United States, Mexico, South America, China, other Asian countries, and Europe. The company’s Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. Its Metal Forming segment provides transmission shafts, ring and pinion gears, differential gears and assemblies, and connecting rods and variable valve timing products for original equipment manufacturers and tier 1 automotive suppliers. American Axle & Manufacturing Holdings, Inc. was founded in 1994 and is headquartered in Detroit, Michigan.

Details
Name: American Axle & Manufacturing Holdings, Inc.
AYA
Exchange: DB
Founded: 1994
$320,715,311
113,037,860
Website: http://www.aam.com
Address: American Axle & Manufacturing Holdings, Inc.
One Dauch Drive,
Detroit,
Michigan, 48211-1198,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE AXL Common Stock New York Stock Exchange US USD 29. Jan 1999
DB AYA Common Stock Deutsche Boerse AG DE EUR 29. Jan 1999
BST AYA Common Stock Boerse-Stuttgart DE EUR 29. Jan 1999
BRSE AYA Common Stock Berne Stock Exchange CH CHF 29. Jan 1999
Number of employees
Current staff
Staff numbers
20,000
American Axle & Manufacturing Holdings employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 20:34
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.