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AXL – Market expectations are for fading Uniform ROA, but management is confident about their margins, sales, and technology
January 28, 2018
American Axle & Manufacturing Holdings, Inc. (AXL:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.7x Uniform P/E, implying bearish expectations for the firm. However, management is confident about their margins, sales, and technology
Specifically, management generated an excitement marker when saying that the adjusted EBITDA in Q3 2017 was $297.7mn or 17.3% of sales compared to $156.7mn in Q3 2016 or 15.6% of sales. Additionally, they are confident that they expect to see improved performance in their casting business segment over the next several quarters, and that everything is moving right now towards disconnecting all-wheel drive for crossover vehicles