ASHLAND INC (ASH) Fundamental Analysis & Valuation

NYSE:ASH • US0441861046

Current stock price

57.16 USD
+0.35 (+0.62%)
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

  • ASH had positive earnings in the past year.
  • In the past year ASH had a positive cash flow from operations.
  • Of the past 5 years ASH 4 years were profitable.
  • Of the past 5 years ASH 4 years had a positive operating cash flow.
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

  • With a Return On Assets value of -15.29%, ASH is not doing good in the industry: 82.93% of the companies in the same industry are doing better.
  • ASH's Return On Equity of -36.79% is on the low side compared to the rest of the industry. ASH is outperformed by 80.49% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 3.88%, ASH is in line with its industry, outperforming 52.44% of the companies in the same industry.
  • ASH had an Average Return On Invested Capital over the past 3 years of 3.45%. This is below the industry average of 6.49%.
  • 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's Operating Margin of 11.30% is fine compared to the rest of the industry. ASH outperforms 62.20% of its industry peers.
  • In the last couple of years the Operating Margin of ASH has grown nicely.
  • ASH has a better Gross Margin (33.30%) than 69.51% of its industry peers.
  • In the last couple of years the Gross Margin of ASH has grown nicely.
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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5

2. ASH Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASH is destroying value.
  • The number of shares outstanding for ASH has been reduced compared to 1 year ago.
  • ASH has less shares outstanding than it did 5 years ago.
  • 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

  • An Altman-Z score of 2.05 indicates that ASH is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ASH's Altman-Z score of 2.05 is in line compared to the rest of the industry. ASH outperforms 53.66% 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.
  • ASH has a Debt to FCF ratio of 9.01. This is in the better half of the industry: ASH outperforms 67.07% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that ASH is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.74, ASH is in line with its industry, outperforming 46.34% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 9.01
Altman-Z 2.05
ROIC/WACC0.34
WACC11.5%
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 84.15% of the companies in the same industry.
  • A Quick Ratio of 1.61 indicates that ASH should not have too much problems paying 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 68.29% 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.
  • Looking at the last year, ASH shows a very strong growth in Revenue. The Revenue has grown by 87.40%.
  • Measured over the past years, ASH shows a decrease in Revenue. The Revenue has been decreasing by -1.98% on average per year.
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.
  • ASH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.20% yearly.
EPS Next Y15.68%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
EPS Next 5YN/A
Revenue Next Year1.46%
Revenue Next 2Y2.86%
Revenue Next 3Y3.2%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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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6

4. ASH Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.96, which indicates a correct valuation of ASH.
  • Based on the Price/Earnings ratio, ASH is valued a bit cheaper than 67.07% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.47. ASH is valued slightly cheaper when compared to this.
  • With a Price/Forward Earnings ratio of 11.91, the valuation of ASH can be described as very reasonable.
  • ASH's Price/Forward Earnings ratio is rather cheap when compared to the industry. ASH is cheaper than 85.37% of the companies in the same industry.
  • ASH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.62, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.96
Fwd PE 11.91
ASH Price Earnings VS Forward Price EarningsASH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • ASH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ASH is cheaper than 78.05% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASH indicates a rather cheap valuation: ASH is cheaper than 80.49% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 16.98
EV/EBITDA 8.41
ASH Per share dataASH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as ASH's earnings are expected to grow with 17.11% in the coming years.
PEG (NY)1.08
PEG (5Y)4.35
EPS Next 2Y18.99%
EPS Next 3Y17.11%

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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 2.89%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.01, ASH pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, ASH pays a better dividend.
Industry RankSector Rank
Dividend Yield 2.89%

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 Years16
Div Non Decr Years16
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

  • ASH has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of ASH is growing, but earnings are growing more, so the dividend growth is 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

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ASH Fundamentals: All Metrics, Ratios and Statistics

ASHLAND INC

NYSE:ASH (4/24/2026, 1:17:20 PM)

57.16

+0.35 (+0.62%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-02
Earnings (Next)04-28
Inst Owners103.54%
Inst Owner Change-0.34%
Ins Owners0.59%
Ins Owner Change3.05%
Market Cap2.62B
Revenue(TTM)1.80B
Net Income(TTM)-691.00M
Analysts78.82
Price Target68.37 (19.61%)
Short Float %10.8%
Short Ratio6.86
Dividend
Industry RankSector Rank
Dividend Yield 2.89%
Yearly Dividend1.63
Dividend Growth(5Y)8.42%
DP-11%
Div Incr Years16
Div Non Decr Years16
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)0.6%
PT rev (3m)3.71%
EPS NQ rev (1m)-1.37%
EPS NQ rev (3m)-16.35%
EPS NY rev (1m)-0.39%
EPS NY rev (3m)-1.36%
Revenue NQ rev (1m)-0.07%
Revenue NQ rev (3m)-1.58%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 16.96
Fwd PE 11.91
P/S 1.45
P/FCF 16.98
P/OCF 10.76
P/B 1.39
P/tB 4.2
EV/EBITDA 8.41
EPS(TTM)3.37
EY5.9%
EPS(NY)4.8
Fwd EY8.4%
FCF(TTM)3.37
FCFY5.89%
OCF(TTM)5.31
OCFY9.29%
SpS39.44
BVpS41.04
TBVpS13.61
PEG (NY)1.08
PEG (5Y)4.35
Graham Number55.7842 (-2.41%)
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 2.05
F-Score5
WACC11.5%
ROIC/WACC0.34
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 Y15.68%
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 Year1.46%
Revenue Next 2Y2.86%
Revenue Next 3Y3.2%
Revenue Next 5YN/A
EBIT growth 1Y126.05%
EBIT growth 3Y-14.93%
EBIT growth 5Y3.26%
EBIT Next Year92.92%
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 for ASH stock?

ChartMill assigns a valuation rating of 6 / 10 to ASHLAND INC (ASH). This can be considered as Fairly Valued.


What is the profitability of ASH stock?

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


What is the earnings growth outlook for ASHLAND INC?

The Earnings per Share (EPS) of ASHLAND INC (ASH) is expected to grow by 15.68% in the next year.


How sustainable is the dividend of ASHLAND INC (ASH) stock?

The dividend rating of ASHLAND INC (ASH) is 7 / 10 and the dividend payout ratio is -11%.