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Tuesday, September 18, 2012
Investopedia: Does American Axle Have The Horsepower To Outrun Its Balance Sheet?
There's no one right way to value a company, and that seems particularly relevant in the case of American Axle (NYSE:AXL). Investors who rely on discounted cash flow
models are not likely to find much value here, as the company's huge
debt load overshadows even optimistic projections for revenue and cash
flow growth. On the other hand, the company is leveraged to potential
demand growth in pickup trucks and looks potentially interesting on
simpler valuation measures like P/E and EV/EBITDA.
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