ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ASC - MHY0207T1001 - Common Stock
11.295 USD
+0.03 (+0.22%)
Taking everything into account, ASC scores 4 out of 10 in our fundamental rating. ASC was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. ASC has an excellent financial health rating, but there are some minor concerns on its profitability. ASC has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ASC was profitable.
ASC had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ASC reported negative net income in multiple years.
ASC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
ASC has a Return On Assets of 3.98%. This is comparable to the rest of the industry: ASC outperforms 56.73% of its industry peers.
ASC's Return On Equity of 4.85% is in line compared to the rest of the industry. ASC outperforms 42.79% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.51%, ASC is doing worse than 61.54% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ASC is below the industry average of 20.87%.
The 3 year average ROIC (16.40%) for ASC is well above the current ROIC(4.51%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.98% | ||
| ROE | 4.85% | ||
| ROIC | 4.51% |
ROA(3y)17.77%
ROA(5y)9.45%
ROE(3y)22.22%
ROE(5y)10.64%
ROIC(3y)16.4%
ROIC(5y)N/A
1.3 Margins
ASC has a Profit Margin (10.29%) which is comparable to the rest of the industry.
The Operating Margin of ASC (14.28%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of ASC has grown nicely.
ASC has a Gross Margin (41.93%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of ASC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.28% | ||
| PM (TTM) | 10.29% | ||
| GM | 41.93% |
OM growth 3YN/A
OM growth 5Y35.03%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y32.83%
GM growth 5Y11.07%
2. Health
2.1 Basic Checks
ASC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, ASC has less shares outstanding
The number of shares outstanding for ASC has been increased compared to 5 years ago.
ASC has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.94 indicates that ASC is not a great score, but indicates only limited risk for bankruptcy at the moment.
ASC has a Altman-Z score of 2.94. This is amongst the best in the industry. ASC outperforms 81.25% of its industry peers.
A Debt/Equity ratio of 0.18 indicates that ASC is not too dependend on debt financing.
ASC has a Debt to Equity ratio of 0.18. This is in the better half of the industry: ASC outperforms 74.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.94 |
ROIC/WACC0.51
WACC8.76%
2.3 Liquidity
A Current Ratio of 4.46 indicates that ASC has no problem at all paying its short term obligations.
ASC has a better Current ratio (4.46) than 88.46% of its industry peers.
A Quick Ratio of 4.08 indicates that ASC has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 4.08, ASC belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.46 | ||
| Quick Ratio | 4.08 |
3. Growth
3.1 Past
The earnings per share for ASC have decreased strongly by -68.07% in the last year.
Looking at the last year, ASC shows a small growth in Revenue. The Revenue has grown by 2.48% in the last year.
ASC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.02% yearly.
EPS 1Y (TTM)-68.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)2.48%
Revenue growth 3Y28.22%
Revenue growth 5Y12.02%
Sales Q2Q%-39.94%
3.2 Future
Based on estimates for the next years, ASC will show a very negative growth in Earnings Per Share. The EPS will decrease by -21.12% on average per year.
Based on estimates for the next years, ASC will show a very negative growth in Revenue. The Revenue will decrease by -14.06% on average per year.
EPS Next Y-64.34%
EPS Next 2Y-30.79%
EPS Next 3Y-21.12%
EPS Next 5YN/A
Revenue Next Year-15.65%
Revenue Next 2Y-22.79%
Revenue Next 3Y-14.06%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 12.41 indicates a correct valuation of ASC.
ASC's Price/Earnings ratio is a bit cheaper when compared to the industry. ASC is cheaper than 66.35% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.55. ASC is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 8.27, the valuation of ASC can be described as reasonable.
Based on the Price/Forward Earnings ratio, ASC is valued cheaply inside the industry as 85.10% of the companies are valued more expensively.
ASC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.41 | ||
| Fwd PE | 8.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASC is valued a bit cheaper than the industry average as 62.02% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.91 |
4.3 Compensation for Growth
A cheap valuation may be justified as ASC's earnings are expected to decrease with -21.12% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-30.79%
EPS Next 3Y-21.12%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.65%, ASC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.83, ASC has a dividend in line with its industry peers.
ASC's Dividend Yield is a higher than the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.65% |
5.2 History
ASC has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
ASC pays out 59.21% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP59.21%
EPS Next 2Y-30.79%
EPS Next 3Y-21.12%
NYSE:ASC (12/16/2025, 2:43:37 PM)
11.295
+0.03 (+0.22%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners69%
Inst Owner Change-6.31%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap459.71M
Revenue(TTM)405.78M
Net Income(TTM)31.82M
Analysts84.44
Price Target15.61 (38.2%)
Short Float %7.01%
Short Ratio4.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.65% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP59.21%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.07%
Min EPS beat(2)10.01%
Max EPS beat(2)28.13%
EPS beat(4)3
Avg EPS beat(4)6.32%
Min EPS beat(4)-19.5%
Max EPS beat(4)28.13%
EPS beat(8)5
Avg EPS beat(8)3.92%
EPS beat(12)9
Avg EPS beat(12)4.09%
EPS beat(16)12
Avg EPS beat(16)9.06%
Revenue beat(2)2
Avg Revenue beat(2)64.97%
Min Revenue beat(2)59.03%
Max Revenue beat(2)70.9%
Revenue beat(4)3
Avg Revenue beat(4)35.39%
Min Revenue beat(4)-19.84%
Max Revenue beat(4)70.9%
Revenue beat(8)7
Avg Revenue beat(8)32.62%
Revenue beat(12)11
Avg Revenue beat(12)35.42%
Revenue beat(16)15
Avg Revenue beat(16)46.08%
PT rev (1m)14.18%
PT rev (3m)17.09%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-10.95%
EPS NY rev (1m)4.33%
EPS NY rev (3m)5.37%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)65.33%
Revenue NY rev (3m)65.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.41 | ||
| Fwd PE | 8.27 | ||
| P/S | 1.49 | ||
| P/FCF | N/A | ||
| P/OCF | 5.86 | ||
| P/B | 0.7 | ||
| P/tB | 0.7 | ||
| EV/EBITDA | 6.91 |
EPS(TTM)0.91
EY8.06%
EPS(NY)1.37
Fwd EY12.09%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)1.93
OCFY17.06%
SpS7.6
BVpS16.12
TBVpS16.12
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.17
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.98% | ||
| ROE | 4.85% | ||
| ROCE | 5.71% | ||
| ROIC | 4.51% | ||
| ROICexc | 4.8% | ||
| ROICexgc | 4.8% | ||
| OM | 14.28% | ||
| PM (TTM) | 10.29% | ||
| GM | 41.93% | ||
| FCFM | N/A |
ROA(3y)17.77%
ROA(5y)9.45%
ROE(3y)22.22%
ROE(5y)10.64%
ROIC(3y)16.4%
ROIC(5y)N/A
ROICexc(3y)17.67%
ROICexc(5y)N/A
ROICexgc(3y)17.67%
ROICexgc(5y)N/A
ROCE(3y)20.75%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5Y52.79%
ROICexc growth 3YN/A
ROICexc growth 5Y52.79%
OM growth 3YN/A
OM growth 5Y35.03%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y32.83%
GM growth 5Y11.07%
F-Score4
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.52 | ||
| Cap/Depr | 380.02% | ||
| Cap/Sales | 39.48% | ||
| Interest Coverage | 8.89 | ||
| Cash Conversion | 102.73% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.46 | ||
| Quick Ratio | 4.08 | ||
| Altman-Z | 2.94 |
F-Score4
WACC8.76%
ROIC/WACC0.51
Cap/Depr(3y)102.83%
Cap/Depr(5y)76.45%
Cap/Sales(3y)7.49%
Cap/Sales(5y)6.69%
Profit Quality(3y)94.73%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-68.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y-64.34%
EPS Next 2Y-30.79%
EPS Next 3Y-21.12%
EPS Next 5YN/A
Revenue 1Y (TTM)2.48%
Revenue growth 3Y28.22%
Revenue growth 5Y12.02%
Sales Q2Q%-39.94%
Revenue Next Year-15.65%
Revenue Next 2Y-22.79%
Revenue Next 3Y-14.06%
Revenue Next 5YN/A
EBIT growth 1Y-69.86%
EBIT growth 3YN/A
EBIT growth 5Y51.26%
EBIT Next Year-37.64%
EBIT Next 3Y-15.32%
EBIT Next 5YN/A
FCF growth 1Y-124.01%
FCF growth 3YN/A
FCF growth 5Y41.1%
OCF growth 1Y-61.11%
OCF growth 3YN/A
OCF growth 5Y50.91%
ARDMORE SHIPPING CORP / ASC FAQ
Can you provide the ChartMill fundamental rating for ARDMORE SHIPPING CORP?
ChartMill assigns a fundamental rating of 4 / 10 to ASC.
What is the valuation status of ARDMORE SHIPPING CORP (ASC) stock?
ChartMill assigns a valuation rating of 4 / 10 to ARDMORE SHIPPING CORP (ASC). This can be considered as Fairly Valued.
What is the profitability of ASC stock?
ARDMORE SHIPPING CORP (ASC) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for ASC stock?
The Price/Earnings (PE) ratio for ARDMORE SHIPPING CORP (ASC) is 12.41 and the Price/Book (PB) ratio is 0.7.
Can you provide the expected EPS growth for ASC stock?
The Earnings per Share (EPS) of ARDMORE SHIPPING CORP (ASC) is expected to decline by -64.34% in the next year.