ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ASC • MHY0207T1001

13.19 USD
+0.05 (+0.38%)
At close: Feb 9, 2026
13.19 USD
0 (0%)
After Hours: 2/9/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

ASC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 206 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 does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

4

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.
  • 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.
ASC Yearly Net Income VS EBIT VS OCF VS FCFASC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M 150M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 3.98%, ASC is in line with its industry, outperforming 56.31% of the companies in the same industry.
  • ASC has a Return On Equity (4.85%) which is comparable to the rest of the industry.
  • ASC has a Return On Invested Capital (4.51%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for ASC is significantly below the industry average of 22.01%.
  • 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 RankSector 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
ASC Yearly ROA, ROE, ROICASC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • With a Profit Margin value of 10.29%, ASC perfoms like the industry average, outperforming 56.80% of the companies in the same industry.
  • Looking at the Operating Margin, with a value of 14.28%, ASC is in line with its industry, outperforming 48.06% of the companies in the same industry.
  • ASC's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 41.93%, ASC is in line with its industry, outperforming 50.49% of the companies in the same industry.
  • ASC's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
ASC Yearly Profit, Operating, Gross MarginsASC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

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7

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.
  • 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.
ASC Yearly Shares OutstandingASC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
ASC Yearly Total Debt VS Total AssetsASC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 3.26 indicates that ASC is not in any danger for bankruptcy at the moment.
  • ASC's Altman-Z score of 3.26 is amongst the best of the industry. ASC outperforms 83.50% 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.
  • With a decent Debt to Equity ratio value of 0.18, ASC is doing good in the industry, outperforming 74.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z 3.26
ROIC/WACC0.52
WACC8.71%
ASC Yearly LT Debt VS Equity VS FCFASC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

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 86.89% 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.
  • With an excellent Quick ratio value of 4.08, ASC belongs to the best of the industry, outperforming 85.92% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.46
Quick Ratio 4.08
ASC Yearly Current Assets VS Current LiabilitesASC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

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%.
  • 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

  • Based on estimates for the next years, ASC will show a very negative growth in Earnings Per Share. The EPS will decrease by -37.49% on average per year.
  • The Revenue is expected to decrease by -13.35% on average over the next years. This is quite bad
EPS Next Y-63.26%
EPS Next 2Y-47.2%
EPS Next 3Y-37.49%
EPS Next 5YN/A
Revenue Next Year-15.65%
Revenue Next 2Y-31.59%
Revenue Next 3Y-13.35%
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.
ASC Yearly Revenue VS EstimatesASC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
ASC Yearly EPS VS EstimatesASC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 -1 2 3

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3

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 14.49, ASC is valued correctly.
  • Based on the Price/Earnings ratio, ASC is valued a bit cheaper than 64.56% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 28.06, ASC is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 16.60, the valuation of ASC can be described as correct.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASC is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.86, ASC is valued a bit cheaper.
Industry RankSector Rank
PE 14.49
Fwd PE 16.6
ASC Price Earnings VS Forward Price EarningsASC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ASC is valued a bit cheaper than 62.14% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.94
ASC Per share dataASC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • ASC's earnings are expected to decrease with -37.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-47.2%
EPS Next 3Y-37.49%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • ASC has a Yearly Dividend Yield of 2.40%.
  • Compared to an average industry Dividend Yield of 3.64, 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 1.80.
Industry RankSector Rank
Dividend Yield 2.4%

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
ASC Yearly Dividends per shareASC Yearly Dividends per shareYearly Dividends per share 2016 2020 2023 2024 2025 0.2 0.4 0.6 0.8 1

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-47.2%
EPS Next 3Y-37.49%
ASC Yearly Income VS Free CF VS DividendASC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M
ASC Dividend Payout.ASC Dividend Payout, showing the Payout Ratio.ASC Dividend Payout.PayoutRetained Earnings

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ARDMORE SHIPPING CORP

NYSE:ASC (2/9/2026, 8:04:00 PM)

After market: 13.19 0 (0%)

13.19

+0.05 (+0.38%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-05
Earnings (Next)02-12
Inst Owners69%
Inst Owner Change-1.15%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap536.83M
Revenue(TTM)405.78M
Net Income(TTM)31.82M
Analysts82.86
Price Target15.76 (19.48%)
Short Float %6.03%
Short Ratio3.54
Dividend
Industry RankSector Rank
Dividend Yield 2.4%
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)0.98%
PT rev (3m)15.3%
EPS NQ rev (1m)-10.14%
EPS NQ rev (3m)4.28%
EPS NY rev (1m)-1.62%
EPS NY rev (3m)7.48%
Revenue NQ rev (1m)-2.75%
Revenue NQ rev (3m)-2.97%
Revenue NY rev (1m)0%
Revenue NY rev (3m)65.33%
Valuation
Industry RankSector Rank
PE 14.49
Fwd PE 16.6
P/S 1.74
P/FCF N/A
P/OCF 6.85
P/B 0.82
P/tB 0.82
EV/EBITDA 7.94
EPS(TTM)0.91
EY6.9%
EPS(NY)0.79
Fwd EY6.02%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)1.93
OCFY14.61%
SpS7.6
BVpS16.12
TBVpS16.12
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.17
Profitability
Industry RankSector 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 RankSector 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 3.26
F-Score4
WACC8.71%
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-63.26%
EPS Next 2Y-47.2%
EPS Next 3Y-37.49%
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-31.59%
Revenue Next 3Y-13.35%
Revenue Next 5YN/A
EBIT growth 1Y-69.86%
EBIT growth 3YN/A
EBIT growth 5Y51.26%
EBIT Next Year-36.49%
EBIT Next 3Y-23.92%
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 3 / 10 to ARDMORE SHIPPING CORP (ASC). This can be considered as Overvalued.


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%.