$AXL is paying $1.4B for Dowlais. I’d like to know how much this raises AXL’s EBITDA and FCF. AXL FY 2024 revs are approx $6B with a market cap of $600M. They’re buying a Co for $1.4B that only adds another $6B in rev. That’s more than 2x of AXL’s P/S valuation. Seems expensive.
#AXL