ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ASC - MHY0207T1001 - Common Stock
10.89 USD
+0.04 (+0.37%)
10.89 USD
0 (0%)
Taking everything into account, ASC scores 5 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 is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year ASC was profitable.
In the past year ASC had a positive cash flow from operations.
In multiple years ASC reported negative net income over the last 5 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 has a Return On Equity (4.85%) which is comparable to the rest of the industry.
ASC has a Return On Invested Capital of 4.51%. This is in the lower half of the industry: ASC underperforms 61.54% of its industry peers.
The Average Return On Invested Capital over the past 3 years for ASC is below the industry average of 21.00%.
The last Return On Invested Capital (4.51%) for ASC is well below the 3 year average (16.40%), which needs to be investigated, but indicates that ASC had better years and this may not be a problem.
| 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
With a Profit Margin value of 10.29%, ASC perfoms like the industry average, outperforming 56.73% of the companies in the same industry.
ASC has a Operating Margin of 14.28%. This is comparable to the rest of the industry: ASC outperforms 46.15% of its industry peers.
In the last couple of years the Operating Margin of ASC has grown nicely.
ASC's Gross Margin of 41.93% is in line compared to the rest of the industry. ASC outperforms 49.52% of its industry peers.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASC is creating value.
The number of shares outstanding for ASC has been reduced compared to 1 year ago.
ASC has more shares outstanding than it did 5 years ago.
ASC has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.87 indicates that ASC is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.87, ASC belongs to the top of the industry, outperforming 81.25% of the companies in the same industry.
ASC has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
ASC has a better Debt to Equity ratio (0.18) than 74.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.87 |
ROIC/WACC0.52
WACC8.68%
2.3 Liquidity
A Current Ratio of 4.46 indicates that ASC has no problem at all paying its short term obligations.
The Current ratio of ASC (4.46) is better 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.
With an excellent Quick ratio value of 4.08, ASC belongs to the best 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.
The Revenue has been growing slightly by 2.48% in the past year.
The Revenue has been growing by 12.02% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to decrease by -21.12% on average over the next years. This is quite bad
ASC is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -14.06% yearly.
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
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.97, the valuation of ASC can be described as reasonable.
67.31% of the companies in the same industry are more expensive than ASC, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.38. ASC is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.98, the valuation of ASC can be described as very cheap.
Based on the Price/Forward Earnings ratio, ASC is valued cheaper than 85.10% of the companies in the same industry.
ASC's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.97 | ||
| Fwd PE | 7.98 |
4.2 Price Multiples
ASC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ASC is cheaper than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.69 |
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
ASC has a Yearly Dividend Yield of 2.65%.
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%
10.89
+0.04 (+0.37%)
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 Cap443.22M
Revenue(TTM)405.78M
Net Income(TTM)31.82M
Analysts84.44
Price Target15.61 (43.34%)
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 | 11.97 | ||
| Fwd PE | 7.98 | ||
| P/S | 1.43 | ||
| P/FCF | N/A | ||
| P/OCF | 5.65 | ||
| P/B | 0.68 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 6.69 |
EPS(TTM)0.91
EY8.36%
EPS(NY)1.37
Fwd EY12.54%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)1.93
OCFY17.69%
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 | 2.87 |
F-Score4
WACC8.68%
ROIC/WACC0.52
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 5 / 10 to ASC.
What is the valuation status of ARDMORE SHIPPING CORP (ASC) stock?
ChartMill assigns a valuation rating of 5 / 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 11.97 and the Price/Book (PB) ratio is 0.68.
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.