ASHLAND INC (ASH) Fundamental Analysis & Valuation

NYSE:ASH • US0441861046

Current stock price

53.26 USD
+4.11 (+8.36%)
At close:
53.26 USD
0 (0%)
After Hours:

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.
  • 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's Return On Assets of -15.29% is on the low side compared to the rest of the industry. ASH is outperformed by 82.93% of its industry peers.
  • ASH has a Return On Equity of -36.79%. This is amonst the worse of the industry: ASH underperforms 80.49% of its industry peers.
  • ASH has a Return On Invested Capital (3.88%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ASH 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

  • Looking at the Operating Margin, with a value of 11.30%, ASH is in the better half of the industry, outperforming 62.20% of the companies in the same industry.
  • 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 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.
  • Compared to 1 year ago, ASH has less shares outstanding
  • The number of shares outstanding for ASH has been reduced compared to 5 years ago.
  • The debt/assets ratio for ASH is higher compared to a year ago.
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 1.97 indicates that ASH is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 1.97, ASH is in line with its industry, outperforming 48.78% of the companies in the same industry.
  • The Debt to FCF ratio of ASH is 9.01, which is on the high side as it means it would take ASH, 9.01 years of fcf income to pay off all of its debts.
  • ASH has a better Debt to FCF ratio (9.01) than 67.07% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that ASH is somewhat dependend on debt financing.
  • The Debt to Equity ratio of ASH (0.74) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 9.01
Altman-Z 1.97
ROIC/WACC0.34
WACC11.39%
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

  • A Current Ratio of 3.15 indicates that ASH has no problem at all paying its short term obligations.
  • ASH's Current ratio of 3.15 is amongst the best of the industry. ASH outperforms 85.37% of its industry peers.
  • 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.
  • ASH has a better Quick ratio (1.61) than 68.29% of its industry peers.
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

3

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 -18.16%.
  • Measured over the past 5 years, ASH shows a small growth in Earnings Per Share. The EPS has been growing by 3.90% on average per year.
  • The Revenue for ASH has decreased by -13.68% in the past year. This is quite bad
  • The Revenue has been decreasing by -1.98% on average over the past years.
EPS 1Y (TTM)-18.16%
EPS 3Y-16.05%
EPS 5Y3.9%
EPS Q2Q%-8.08%
Revenue 1Y (TTM)-13.68%
Revenue growth 3Y-8.63%
Revenue growth 5Y-1.98%
Sales Q2Q%0.63%

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.
  • The Revenue is expected to grow by 3.20% on average over the next years.
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

  • A Price/Earnings ratio of 16.19 indicates a correct valuation of ASH.
  • Based on the Price/Earnings ratio, ASH is valued a bit cheaper than 74.39% of the companies in the same industry.
  • ASH is valuated rather cheaply when we compare the Price/Earnings ratio to 26.77, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 11.10, which indicates a very decent valuation of ASH.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ASH indicates a rather cheap valuation: ASH is cheaper than 91.46% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.75, ASH is valued a bit cheaper.
Industry RankSector Rank
PE 16.19
Fwd PE 11.1
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

  • Based on the Enterprise Value to EBITDA ratio, ASH is valued cheaply inside the industry as 85.37% of the companies are valued more expensively.
  • 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 15.83
EV/EBITDA 7.61
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.
  • ASH's earnings are expected to grow with 17.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.03
PEG (5Y)4.15
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 3.38%.
  • ASH's Dividend Yield is rather good when compared to the industry average which is at 2.01. ASH pays more dividend than 82.93% of the companies in the same industry.
  • ASH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.38%

5.2 History

  • The dividend of ASH is nicely growing with an annual growth rate of 8.42%!
  • ASH has been paying a dividend for at least 10 years, so it has a reliable track record.
  • ASH has not decreased their dividend for at least 10 years, which is a reliable track record.
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

  • The earnings of ASH are negative and hence is the payout ratio. ASH will probably not be able to sustain this dividend level.
  • 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 (4/30/2026, 8:04:00 PM)

After market: 53.26 0 (0%)

53.26

+4.11 (+8.36%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Industry Strength62.73
Industry Growth39.75
Earnings (Last)04-28
Earnings (Next)07-27
Inst Owners103.54%
Inst Owner Change-0.09%
Ins Owners0.59%
Ins Owner Change3.05%
Market Cap2.44B
Revenue(TTM)1.82B
Net Income(TTM)-691.00M
Analysts78.82
Price Target68.37 (28.37%)
Short Float %12.1%
Short Ratio8.24
Dividend
Industry RankSector Rank
Dividend Yield 3.38%
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)-1.45%
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 16.19
Fwd PE 11.1
P/S 1.35
P/FCF 15.83
P/OCF 10.03
P/B 1.3
P/tB 3.91
EV/EBITDA 7.61
EPS(TTM)3.29
EY6.18%
EPS(NY)4.8
Fwd EY9.01%
FCF(TTM)3.37
FCFY6.32%
OCF(TTM)5.31
OCFY9.97%
SpS39.44
BVpS41.04
TBVpS13.61
PEG (NY)1.03
PEG (5Y)4.15
Graham Number55.1181 (3.49%)
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 1.97
F-Score5
WACC11.39%
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)-18.16%
EPS 3Y-16.05%
EPS 5Y3.9%
EPS Q2Q%-8.08%
EPS Next Y15.68%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.68%
Revenue growth 3Y-8.63%
Revenue growth 5Y-1.98%
Sales Q2Q%0.63%
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%.