Ampco-Pittsburgh Corporation (AP) vs Tredegar Corporation (TG)

Ampco-Pittsburgh Corporation and Tredegar Corporation are both Metal Fabrication companies. Tredegar Corporation is the larger, with a market value of $248.1M against $179.1M — 1.4× the size. Ampco-Pittsburgh Corporation has negative trailing earnings, so its P/E is not meaningful; Tredegar Corporation trades at 7.3×. Tredegar Corporation grew revenue faster over the last twelve months: 21.4% against 3.27%. Tredegar Corporation has the higher net margin (4.26% vs −13.8%) and the higher return on invested capital (10.7% vs −16.6%). Across the 18 metrics below, Tredegar Corporation leads on 14 and Ampco-Pittsburgh Corporation on 4.

Valuation

Metric AP TG Metal Fabrication median
P/E n/m 7.34 17.15
P/S 0.42 0.31 1.14
P/B 3.68 1.07 1.71
Price to free cash flow n/m 10.85 22.10
EV/EBITDA n/m 4.17 17.60
EV/Sales 0.72 0.32 1.96
Earnings yield (33.68%) 13.62% 2.28%
Free cash flow yield (2.12%) 9.22% 0.92%

Profitability

Metric AP TG Metal Fabrication median
Gross margin 18.80% 14.59% 21.08%
Operating margin (11.12%) 4.64% 5.14%
Net margin (13.84%) 4.26% 4.70%
Free cash flow margin (0.88%) 2.90% 1.45%
Return on equity (94.96%) 15.77% 0.00%
Return on assets (11.53%) 8.49% 1.56%
Return on invested capital (16.64%) 10.72% 2.19%

Growth

Metric AP TG Metal Fabrication median
Revenue growth (TTM) 3.27% 21.39% 9.93%
EPS growth (last fiscal year) (16,500.00%) 151.06% —
Revenue growth, 5-year CAGR 5.73% 1.03% 6.12%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AP TG Metal Fabrication median
Debt to equity 2.85 0.00 0.30
Current ratio 1.78 1.73 2.08
Net debt to EBITDA (3.76) (0.13) 1.02

Dividend

Metric AP TG Metal Fabrication median
Dividend yield — 5.52% 1.69%
Payout ratio 0.00 1.59 0.06

Size

Metric AP TG Metal Fabrication median
Market cap 179.11m 248.11m 896.96m

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