ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ASC - MHY0207T1001 - Common Stock
11.67 USD
+0.87 (+8.06%)
11.75 USD
+0.08 (+0.69%)
We assign a fundamental rating of 4 out of 10 to ASC. ASC was compared to 208 industry peers in the Oil, Gas & Consumable Fuels industry. While ASC has a great health rating, its profitability is only average at the moment. 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.
ASC had a positive operating cash flow in the past year.
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
The Return On Assets of ASC (3.98%) is comparable to the rest of the industry.
ASC's Return On Equity of 4.85% is in line compared to the rest of the industry. ASC outperforms 42.31% of its industry peers.
With a Return On Invested Capital value of 4.51%, ASC is not doing good in the industry: 60.10% of the companies in the same industry are doing better.
ASC had an Average Return On Invested Capital over the past 3 years of 16.40%. This is below the industry average of 21.28%.
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
Looking at the Profit Margin, with a value of 10.29%, ASC is in line with its industry, outperforming 56.25% of the companies in the same industry.
ASC has a Operating Margin (14.28%) which is comparable to the rest of the industry.
ASC's Operating Margin has improved in the last couple of years.
ASC has a Gross Margin of 41.93%. This is comparable to the rest of the industry: ASC outperforms 50.48% of its industry peers.
ASC's Gross Margin has improved in the last couple of years.
| 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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 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.
Compared to 1 year ago, ASC has an improved debt to assets ratio.
2.2 Solvency
ASC has an Altman-Z score of 2.86. This is not the best score and indicates that ASC is in the grey zone with still only limited risk for bankruptcy at the moment.
ASC has a better Altman-Z score (2.86) than 81.73% of its industry peers.
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 Debt to Equity ratio of 0.18. This is in the better half of the industry: ASC outperforms 75.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.86 |
ROIC/WACC0.52
WACC8.65%
2.3 Liquidity
ASC has a Current Ratio of 4.46. This indicates that ASC is financially healthy and has no problem in meeting its short term obligations.
ASC has a Current ratio of 4.46. This is amongst the best in the industry. ASC outperforms 87.50% of its industry peers.
ASC has a Quick Ratio of 4.08. This indicates that ASC is financially healthy and has no problem in meeting its short term obligations.
ASC has a Quick ratio of 4.08. This is amongst the best in the industry. ASC outperforms 86.54% of its industry peers.
| 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.
ASC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.48%.
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
The Earnings Per Share is expected to decrease by -28.97% 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-62.66%
EPS Next 2Y-37.39%
EPS Next 3Y-28.97%
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 12.82, the valuation of ASC can be described as correct.
ASC's Price/Earnings ratio is a bit cheaper when compared to the industry. ASC is cheaper than 67.79% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.92, ASC is valued rather cheaply.
A Price/Forward Earnings ratio of 10.44 indicates a reasonable valuation of ASC.
ASC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ASC is cheaper than 75.48% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (23.57), we can say ASC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 10.44 |
4.2 Price Multiples
64.42% of the companies in the same industry are more expensive than ASC, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.66 |
4.3 Compensation for Growth
A cheap valuation may be justified as ASC's earnings are expected to decrease with -28.97% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-37.39%
EPS Next 3Y-28.97%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.83%, ASC has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.96, 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 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
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
59.21% of the earnings are spent on dividend by ASC. This is a bit on the high side, but may be sustainable.
DP59.21%
EPS Next 2Y-37.39%
EPS Next 3Y-28.97%
11.67
+0.87 (+8.06%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners69%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap474.97M
Revenue(TTM)405.78M
Net Income(TTM)31.82M
Analysts84.44
Price Target15.61 (33.76%)
Short Float %5.68%
Short Ratio3.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP59.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0%
PT rev (3m)14.18%
EPS NQ rev (1m)16.04%
EPS NQ rev (3m)3.33%
EPS NY rev (1m)4.72%
EPS NY rev (3m)10.34%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)64.52%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.82 | ||
| Fwd PE | 10.44 | ||
| P/S | 1.54 | ||
| P/FCF | N/A | ||
| P/OCF | 6.06 | ||
| P/B | 0.72 | ||
| P/tB | 0.72 | ||
| EV/EBITDA | 6.66 |
EPS(TTM)0.91
EY7.8%
EPS(NY)1.12
Fwd EY9.57%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)1.93
OCFY16.51%
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 | 2.86 |
F-Score4
WACC8.65%
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-62.66%
EPS Next 2Y-37.39%
EPS Next 3Y-28.97%
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-36.23%
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
What is the ChartMill fundamental rating of ARDMORE SHIPPING CORP (ASC) stock?
ChartMill assigns a fundamental rating of 4 / 10 to ASC.
Can you provide the valuation status for ARDMORE SHIPPING CORP?
ChartMill assigns a valuation rating of 4 / 10 to ARDMORE SHIPPING CORP (ASC). This can be considered as Fairly Valued.
Can you provide the profitability details for ARDMORE SHIPPING CORP?
ARDMORE SHIPPING CORP (ASC) has a profitability rating of 4 / 10.
How financially healthy is ARDMORE SHIPPING CORP?
The financial health rating of ARDMORE SHIPPING CORP (ASC) is 7 / 10.
Is the dividend of ARDMORE SHIPPING CORP sustainable?
The dividend rating of ARDMORE SHIPPING CORP (ASC) is 3 / 10 and the dividend payout ratio is 59.21%.