ASHLAND INC (ASH) Fundamental Analysis & Valuation

NYSE:ASH • US0441861046

Current stock price

48.87 USD
-1.32 (-2.63%)
Last:

This ASH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. ASH Profitability Analysis

1.1 Basic Checks

  • In the past year ASH was profitable.
  • ASH had a positive operating cash flow in the past year.
  • ASH had positive earnings in 4 of the past 5 years.
  • ASH had a positive operating cash flow in 4 of the past 5 years.
ASH Yearly Net Income VS EBIT VS OCF VS FCFASH 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 2025 0 500M -500M

1.2 Ratios

  • ASH has a Return On Assets of -15.29%. This is amonst the worse of the industry: ASH underperforms 83.13% of its industry peers.
  • ASH has a Return On Equity of -36.79%. This is amonst the worse of the industry: ASH underperforms 80.72% of its industry peers.
  • With a Return On Invested Capital value of 3.88%, ASH perfoms like the industry average, outperforming 53.01% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for ASH is below the industry average of 6.41%.
  • The last Return On Invested Capital (3.88%) for ASH is above the 3 year average (3.45%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -15.29%
ROE -36.79%
ROIC 3.88%
ROA(3y)-4.11%
ROA(5y)1.18%
ROE(3y)-10.91%
ROE(5y)0.81%
ROIC(3y)3.45%
ROIC(5y)3.62%
ASH Yearly ROA, ROE, ROICASH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • ASH has a Operating Margin of 11.30%. This is in the better half of the industry: ASH outperforms 60.24% of its industry peers.
  • ASH's Operating Margin has improved in the last couple of years.
  • ASH has a Gross Margin of 33.30%. This is in the better half of the industry: ASH outperforms 67.47% of its industry peers.
  • ASH's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 11.3%
PM (TTM) N/A
GM 33.3%
OM growth 3Y-6.9%
OM growth 5Y5.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.33%
GM growth 5Y1.71%
ASH Yearly Profit, Operating, Gross MarginsASH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. ASH Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASH is destroying value.
  • ASH has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ASH has less shares outstanding
  • Compared to 1 year ago, ASH has a worse debt to assets ratio.
ASH Yearly Shares OutstandingASH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
ASH Yearly Total Debt VS Total AssetsASH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • ASH has an Altman-Z score of 1.98. This is not the best score and indicates that ASH is in the grey zone with still only limited risk for bankruptcy at the moment.
  • ASH's Altman-Z score of 1.98 is in line compared to the rest of the industry. ASH outperforms 54.22% of its industry peers.
  • ASH has a debt to FCF ratio of 9.01. This is a negative value and a sign of low solvency as ASH would need 9.01 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 9.01, ASH is doing good in the industry, outperforming 68.67% of the companies in the same industry.
  • ASH has a Debt/Equity ratio of 0.74. This is a neutral value indicating ASH is somewhat dependend on debt financing.
  • ASH has a Debt to Equity ratio (0.74) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 9.01
Altman-Z 1.98
ROIC/WACC0.51
WACC7.65%
ASH Yearly LT Debt VS Equity VS FCFASH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

2.3 Liquidity

  • ASH has a Current Ratio of 3.15. This indicates that ASH is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 3.15, ASH belongs to the top of the industry, outperforming 85.54% of the companies in the same industry.
  • ASH has a Quick Ratio of 1.61. This is a normal value and indicates that ASH is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.61, ASH is in the better half of the industry, outperforming 67.47% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.15
Quick Ratio 1.61
ASH Yearly Current Assets VS Current LiabilitesASH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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

4

3. ASH Growth Analysis

3.1 Past

  • ASH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.63%.
  • The Earnings Per Share has been growing slightly by 3.90% on average over the past years.
  • The Revenue has grown by 87.40% in the past year. This is a very strong growth!
  • ASH shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.98% yearly.
EPS 1Y (TTM)-21.63%
EPS 3Y-16.05%
EPS 5Y3.9%
EPS Q2Q%-7.14%
Revenue 1Y (TTM)87.4%
Revenue growth 3Y-8.63%
Revenue growth 5Y-1.98%
Sales Q2Q%-4.69%

3.2 Future

  • Based on estimates for the next years, ASH will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.11% on average per year.
  • Based on estimates for the next years, ASH will show a small growth in Revenue. The Revenue will grow by 2.98% on average per year.
EPS Next Y16.13%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
EPS Next 5YN/A
Revenue Next Year1.41%
Revenue Next 2Y2.57%
Revenue Next 3Y2.98%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
ASH Yearly Revenue VS EstimatesASH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B 5B
ASH Yearly EPS VS EstimatesASH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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7

4. ASH Valuation Analysis

4.1 Price/Earnings Ratio

  • ASH is valuated correctly with a Price/Earnings ratio of 14.50.
  • Based on the Price/Earnings ratio, ASH is valued a bit cheaper than the industry average as 72.29% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of ASH to the average of the S&P500 Index (25.73), we can say ASH is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 10.18, the valuation of ASH can be described as reasonable.
  • Based on the Price/Forward Earnings ratio, ASH is valued cheaply inside the industry as 86.75% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.72, ASH is valued rather cheaply.
Industry RankSector Rank
PE 14.5
Fwd PE 10.18
ASH Price Earnings VS Forward Price EarningsASH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ASH is valued cheaply inside the industry as 81.93% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, ASH is valued cheaply inside the industry as 80.72% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 14.52
EV/EBITDA 7.72
ASH Per share dataASH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • ASH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ASH's earnings are expected to grow with 17.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.9
PEG (5Y)3.72
EPS Next 2Y18.99%
EPS Next 3Y17.11%

More info and screens

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

7

5. ASH Dividend Analysis

5.1 Amount

  • ASH has a Yearly Dividend Yield of 3.26%. Purely for dividend investing, there may be better candidates out there.
  • ASH's Dividend Yield is rather good when compared to the industry average which is at 2.08. ASH pays more dividend than 81.93% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, ASH pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.26%

5.2 History

  • On average, the dividend of ASH grows each year by 8.42%, which is quite nice.
  • ASH has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ASH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.42%
Div Incr Years15
Div Non Decr Years15
ASH Yearly Dividends per shareASH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • The earnings of ASH are negative and hence is the payout ratio. ASH will probably not be able to sustain this dividend level.
  • ASH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-11%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
ASH Yearly Income VS Free CF VS DividendASH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

More info and screens

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ASH Fundamentals: All Metrics, Ratios and Statistics

ASHLAND INC

NYSE:ASH (3/20/2026, 12:56:02 PM)

48.87

-1.32 (-2.63%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-02
Earnings (Next)04-28
Inst Owners102.87%
Inst Owner Change9.29%
Ins Owners0.59%
Ins Owner Change3.04%
Market Cap2.24B
Revenue(TTM)1.80B
Net Income(TTM)-691.00M
Analysts78.82
Price Target67.96 (39.06%)
Short Float %11.21%
Short Ratio7.5
Dividend
Industry RankSector Rank
Dividend Yield 3.26%
Yearly Dividend1.63
Dividend Growth(5Y)8.42%
DP-11%
Div Incr Years15
Div Non Decr Years15
Ex-Date02-27
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.71%
Min EPS beat(2)-14%
Max EPS beat(2)-1.41%
EPS beat(4)0
Avg EPS beat(4)-10.68%
Min EPS beat(4)-16.19%
Max EPS beat(4)-1.41%
EPS beat(8)3
Avg EPS beat(8)2.68%
EPS beat(12)4
Avg EPS beat(12)8.78%
EPS beat(16)7
Avg EPS beat(16)7.88%
Revenue beat(2)0
Avg Revenue beat(2)-3.22%
Min Revenue beat(2)-4.93%
Max Revenue beat(2)-1.52%
Revenue beat(4)0
Avg Revenue beat(4)-3.97%
Min Revenue beat(4)-5.65%
Max Revenue beat(4)-1.52%
Revenue beat(8)0
Avg Revenue beat(8)-3.87%
Revenue beat(12)0
Avg Revenue beat(12)-3.47%
Revenue beat(16)2
Avg Revenue beat(16)-2.56%
PT rev (1m)2.62%
PT rev (3m)9%
EPS NQ rev (1m)-1.2%
EPS NQ rev (3m)-15.51%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-1.79%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 14.5
Fwd PE 10.18
P/S 1.24
P/FCF 14.52
P/OCF 9.2
P/B 1.19
P/tB 3.59
EV/EBITDA 7.72
EPS(TTM)3.37
EY6.9%
EPS(NY)4.8
Fwd EY9.82%
FCF(TTM)3.37
FCFY6.89%
OCF(TTM)5.31
OCFY10.87%
SpS39.44
BVpS41.04
TBVpS13.61
PEG (NY)0.9
PEG (5Y)3.72
Graham Number55.78
Profitability
Industry RankSector Rank
ROA -15.29%
ROE -36.79%
ROCE 4.91%
ROIC 3.88%
ROICexc 4.19%
ROICexgc 6.21%
OM 11.3%
PM (TTM) N/A
GM 33.3%
FCFM 8.53%
ROA(3y)-4.11%
ROA(5y)1.18%
ROE(3y)-10.91%
ROE(5y)0.81%
ROIC(3y)3.45%
ROIC(5y)3.62%
ROICexc(3y)3.67%
ROICexc(5y)3.89%
ROICexgc(3y)6.18%
ROICexgc(5y)6.83%
ROCE(3y)4.36%
ROCE(5y)4.58%
ROICexgc growth 3Y-14.59%
ROICexgc growth 5Y4.26%
ROICexc growth 3Y-8.07%
ROICexc growth 5Y10.64%
OM growth 3Y-6.9%
OM growth 5Y5.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.33%
GM growth 5Y1.71%
F-Score5
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 9.01
Debt/EBITDA 3.17
Cap/Depr 38.03%
Cap/Sales 4.93%
Interest Coverage 250
Cash Conversion 55.48%
Profit Quality N/A
Current Ratio 3.15
Quick Ratio 1.61
Altman-Z 1.98
F-Score5
WACC7.65%
ROIC/WACC0.51
Cap/Depr(3y)53.76%
Cap/Depr(5y)50.24%
Cap/Sales(3y)6.54%
Cap/Sales(5y)5.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.63%
EPS 3Y-16.05%
EPS 5Y3.9%
EPS Q2Q%-7.14%
EPS Next Y16.13%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
EPS Next 5YN/A
Revenue 1Y (TTM)87.4%
Revenue growth 3Y-8.63%
Revenue growth 5Y-1.98%
Sales Q2Q%-4.69%
Revenue Next Year1.41%
Revenue Next 2Y2.57%
Revenue Next 3Y2.98%
Revenue Next 5YN/A
EBIT growth 1Y126.05%
EBIT growth 3Y-14.93%
EBIT growth 5Y3.26%
EBIT Next Year93.45%
EBIT Next 3Y31.77%
EBIT Next 5YN/A
FCF growth 1Y-50.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-50.71%
OCF growth 3YN/A
OCF growth 5Y-14.27%

ASHLAND INC / ASH Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ASHLAND INC?

ChartMill assigns a fundamental rating of 5 / 10 to ASH.


What is the valuation status of ASHLAND INC (ASH) stock?

ChartMill assigns a valuation rating of 7 / 10 to ASHLAND INC (ASH). This can be considered as Undervalued.


Can you provide the profitability details for ASHLAND INC?

ASHLAND INC (ASH) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for ASH stock?

The Price/Earnings (PE) ratio for ASHLAND INC (ASH) is 14.5 and the Price/Book (PB) ratio is 1.19.


Can you provide the financial health for ASH stock?

The financial health rating of ASHLAND INC (ASH) is 5 / 10.