Logo image of ASH

ASHLAND INC (ASH) Stock Fundamental Analysis

NYSE:ASH - New York Stock Exchange, Inc. - US0441861046 - Common Stock - Currency: USD

51.405  -1.03 (-1.97%)

Fundamental Rating

3

ASH gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 85 industry peers in the Chemicals industry. While ASH seems to be doing ok healthwise, there are quite some concerns on its profitability. ASH is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

3

1. Profitability

1.1 Basic Checks

ASH had positive earnings 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

With a Return On Assets value of -2.14%, ASH is not doing good in the industry: 65.88% of the companies in the same industry are doing better.
Looking at the Return On Equity, with a value of -4.38%, ASH is doing worse than 61.18% of the companies in the same industry.
The Return On Invested Capital of ASH (3.68%) is comparable to the rest of the industry.
ASH had an Average Return On Invested Capital over the past 3 years of 3.69%. This is below the industry average of 6.84%.
Industry RankSector Rank
ROA -2.14%
ROE -4.38%
ROIC 3.68%
ROA(3y)6.97%
ROA(5y)3.37%
ROE(3y)13.48%
ROE(5y)6.34%
ROIC(3y)3.69%
ROIC(5y)3.32%
ASH Yearly ROA, ROE, ROICASH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

ASH's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 11.38%, ASH is in the better half of the industry, outperforming 62.35% of the companies in the same industry.
ASH's Operating Margin has improved in the last couple of years.
The Gross Margin of ASH (33.28%) is better than 64.71% of its industry peers.
In the last couple of years the Gross Margin of ASH has remained more or less at the same level.
Industry RankSector Rank
OM 11.38%
PM (TTM) N/A
GM 33.28%
OM growth 3Y-1.66%
OM growth 5Y9.22%
PM growth 3Y-8.44%
PM growth 5Y-19.4%
GM growth 3Y0.22%
GM growth 5Y1.06%
ASH Yearly Profit, Operating, Gross MarginsASH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

More info and screens

4

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASH is destroying value.
The number of shares outstanding for ASH has been reduced compared to 1 year ago.
The number of shares outstanding for ASH has been reduced compared to 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M
ASH Yearly Total Debt VS Total AssetsASH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

An Altman-Z score of 2.01 indicates that ASH is not a great score, but indicates only limited risk for bankruptcy at the moment.
ASH's Altman-Z score of 2.01 is in line compared to the rest of the industry. ASH outperforms 54.12% of its industry peers.
ASH has a Debt/Equity ratio of 0.52. This is a neutral value indicating ASH is somewhat dependend on debt financing.
ASH's Debt to Equity ratio of 0.52 is fine compared to the rest of the industry. ASH outperforms 62.35% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF N/A
Altman-Z 2.01
ROIC/WACC0.45
WACC8.14%
ASH Yearly LT Debt VS Equity VS FCFASH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 2.32 indicates that ASH has no problem at all paying its short term obligations.
ASH has a better Current ratio (2.32) than 62.35% of its industry peers.
ASH has a Quick Ratio of 1.15. This is a normal value and indicates that ASH is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of ASH (1.15) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.32
Quick Ratio 1.15
ASH Yearly Current Assets VS Current LiabilitesASH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

More info and screens

2

3. Growth

3.1 Past

ASH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.64%, which is quite good.
ASH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.23% yearly.
Looking at the last year, ASH shows a decrease in Revenue. The Revenue has decreased by -7.63% in the last year.
The Revenue has been decreasing by -0.33% on average over the past years.
EPS 1Y (TTM)19.64%
EPS 3Y2.51%
EPS 5Y12.23%
EPS Q2Q%-22.05%
Revenue 1Y (TTM)-7.63%
Revenue growth 3Y0.03%
Revenue growth 5Y-0.33%
Sales Q2Q%-16.7%

3.2 Future

Based on estimates for the next years, ASH will show a small growth in Earnings Per Share. The EPS will grow by 6.98% on average per year.
The Revenue is expected to decrease by -2.63% on average over the next years.
EPS Next Y-13.81%
EPS Next 2Y3.41%
EPS Next 3Y6.98%
EPS Next 5YN/A
Revenue Next Year-12.39%
Revenue Next 2Y-5.31%
Revenue Next 3Y-2.63%
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 decreasing.
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.
ASH Yearly Revenue VS EstimatesASH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B
ASH Yearly EPS VS EstimatesASH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6

More info and screens

4

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 12.79, ASH is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of ASH indicates a somewhat cheap valuation: ASH is cheaper than 78.82% of the companies listed in the same industry.
ASH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.51.
The Price/Forward Earnings ratio is 10.75, which indicates a very decent valuation of ASH.
Based on the Price/Forward Earnings ratio, ASH is valued a bit cheaper than 71.76% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.58, ASH is valued rather cheaply.
Industry RankSector Rank
PE 12.79
Fwd PE 10.75
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASH indicates a somewhat cheap valuation: ASH is cheaper than 77.65% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.29
ASH Per share dataASH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)1.05
EPS Next 2Y3.41%
EPS Next 3Y6.98%

More info and screens

6

5. Dividend

5.1 Amount

ASH has a Yearly Dividend Yield of 3.05%.
ASH's Dividend Yield is a higher than the industry average which is at 3.53.
ASH's Dividend Yield is a higher than the S&P500 average which is at 2.35.
Industry RankSector Rank
Dividend Yield 3.05%

5.2 History

On average, the dividend of ASH grows each year by 8.69%, 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)8.69%
Div Incr Years15
Div Non Decr Years15
ASH Yearly Dividends per shareASH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

The dividend of ASH is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y3.41%
EPS Next 3Y6.98%
ASH Yearly Income VS Free CF VS DividendASH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

More info and screens

ASHLAND INC

NYSE:ASH (7/15/2025, 3:12:00 PM)

51.405

-1.03 (-1.97%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)04-30 2025-04-30/amc
Earnings (Next)07-29 2025-07-29/amc
Inst Owners92.19%
Inst Owner Change-0.01%
Ins Owners0.53%
Ins Owner Change0.85%
Market Cap2.35B
Analysts78.67
Price Target69.61 (35.41%)
Short Float %3.23%
Short Ratio2.51
Dividend
Industry RankSector Rank
Dividend Yield 3.05%
Yearly Dividend1.59
Dividend Growth(5Y)8.69%
DPN/A
Div Incr Years15
Div Non Decr Years15
Ex-Date05-30 2025-05-30 (0.415)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)21.99%
Min EPS beat(2)-11.11%
Max EPS beat(2)55.09%
EPS beat(4)2
Avg EPS beat(4)10.8%
Min EPS beat(4)-11.11%
Max EPS beat(4)55.09%
EPS beat(8)4
Avg EPS beat(8)17.83%
EPS beat(12)6
Avg EPS beat(12)12.38%
EPS beat(16)7
Avg EPS beat(16)9.07%
Revenue beat(2)0
Avg Revenue beat(2)-6.08%
Min Revenue beat(2)-6.51%
Max Revenue beat(2)-5.65%
Revenue beat(4)0
Avg Revenue beat(4)-4.96%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)-1.38%
Revenue beat(8)0
Avg Revenue beat(8)-3.35%
Revenue beat(12)1
Avg Revenue beat(12)-2.65%
Revenue beat(16)2
Avg Revenue beat(16)-6.02%
PT rev (1m)0%
PT rev (3m)-16%
EPS NQ rev (1m)-3.26%
EPS NQ rev (3m)-16.44%
EPS NY rev (1m)-3.03%
EPS NY rev (3m)-12.05%
Revenue NQ rev (1m)-0.86%
Revenue NQ rev (3m)-5.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.05%
Valuation
Industry RankSector Rank
PE 12.79
Fwd PE 10.75
P/S 1.2
P/FCF N/A
P/OCF N/A
P/B 0.92
P/tB 3.77
EV/EBITDA 7.29
EPS(TTM)4.02
EY7.82%
EPS(NY)4.78
Fwd EY9.3%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS42.68
BVpS56.01
TBVpS13.64
PEG (NY)N/A
PEG (5Y)1.05
Profitability
Industry RankSector Rank
ROA -2.14%
ROE -4.38%
ROCE 4.65%
ROIC 3.68%
ROICexc 3.81%
ROICexgc 6.58%
OM 11.38%
PM (TTM) N/A
GM 33.28%
FCFM N/A
ROA(3y)6.97%
ROA(5y)3.37%
ROE(3y)13.48%
ROE(5y)6.34%
ROIC(3y)3.69%
ROIC(5y)3.32%
ROICexc(3y)4.03%
ROICexc(5y)3.59%
ROICexgc(3y)7.3%
ROICexgc(5y)6.62%
ROCE(3y)4.67%
ROCE(5y)4.21%
ROICexcg growth 3Y0.9%
ROICexcg growth 5Y11.64%
ROICexc growth 3Y2.34%
ROICexc growth 5Y15.15%
OM growth 3Y-1.66%
OM growth 5Y9.22%
PM growth 3Y-8.44%
PM growth 5Y-19.4%
GM growth 3Y0.22%
GM growth 5Y1.06%
F-ScoreN/A
Asset Turnover0.37
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF N/A
Debt/EBITDA 2.69
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.32
Quick Ratio 1.15
Altman-Z 2.01
F-ScoreN/A
WACC8.14%
ROIC/WACC0.45
Cap/Depr(3y)55.62%
Cap/Depr(5y)53.3%
Cap/Sales(3y)6.32%
Cap/Sales(5y)6.11%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)19.64%
EPS 3Y2.51%
EPS 5Y12.23%
EPS Q2Q%-22.05%
EPS Next Y-13.81%
EPS Next 2Y3.41%
EPS Next 3Y6.98%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.63%
Revenue growth 3Y0.03%
Revenue growth 5Y-0.33%
Sales Q2Q%-16.7%
Revenue Next Year-12.39%
Revenue Next 2Y-5.31%
Revenue Next 3Y-2.63%
Revenue Next 5YN/A
EBIT growth 1Y37.04%
EBIT growth 3Y-1.63%
EBIT growth 5Y8.86%
EBIT Next Year59.92%
EBIT Next 3Y23.95%
EBIT Next 5YN/A
FCF growth 1Y275.34%
FCF growth 3Y-15.55%
FCF growth 5Y23.86%
OCF growth 1Y69.14%
OCF growth 3Y-9.8%
OCF growth 5Y11.27%