ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis

NYSE:ASC • MHY0207T1001

15.13 USD
+0.25 (+1.68%)
At close: Feb 20, 2026
15.05 USD
-0.08 (-0.53%)
After Hours: 2/20/2026, 8:17:28 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ASC. ASC was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. ASC is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. ASC is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • ASC had positive earnings in the past year.
  • In the past year ASC had a positive cash flow from operations.
  • In multiple years ASC reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: ASC reported negative operating cash flow in multiple 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

  • ASC's Return On Assets of 3.98% is in line compared to the rest of the industry. ASC outperforms 56.80% of its industry peers.
  • Looking at the Return On Equity, with a value of 4.85%, ASC is in line with its industry, outperforming 42.23% of the companies in the same industry.
  • ASC has a Return On Invested Capital (4.51%) which is in line with its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ASC is significantly below the industry average of 21.97%.
  • The 3 year average ROIC (16.40%) for ASC is well above the current ROIC(4.51%). The reason for the recent decline needs to be investigated.
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

  • Looking at the Profit Margin, with a value of 10.29%, ASC is in line with its industry, outperforming 56.31% of the companies in the same industry.
  • ASC's Operating Margin of 14.28% is in line compared to the rest of the industry. ASC outperforms 47.57% of its industry peers.
  • ASC's Operating Margin has improved in the last couple of years.
  • ASC has a Gross Margin (41.93%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of ASC has grown nicely.
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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASC is creating value.
  • There is no outstanding debt for ASC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
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

  • ASC has an Altman-Z score of 3.55. This indicates that ASC is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.55, ASC belongs to the best of the industry, outperforming 84.47% of the companies in the same industry.
  • 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 3.55
ROIC/WACC0.52
WACC8.6%
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's Current ratio of 4.46 is amongst the best of the industry. ASC outperforms 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.
  • The Quick ratio of ASC (4.08) is better than 85.92% of its industry peers.
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

1

3. Growth

3.1 Past

  • The earnings per share for ASC have decreased strongly by -67.02% in the last year.
  • Measured over the past years, ASC shows a very strong growth in Earnings Per Share. The EPS has been growing by 73.38% on average per year.
EPS 1Y (TTM)-67.02%
EPS 3Y-36.2%
EPS 5Y73.38%
EPS Q2Q%12%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.06%

3.2 Future

  • ASC is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -95.34% yearly.
  • ASC is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -14.93% yearly.
EPS Next Y-15.47%
EPS Next 2Y-95.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-44.52%
Revenue Next 2Y-14.93%
Revenue Next 3YN/A
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.
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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2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 16.10, which indicates a correct valuation of ASC.
  • Compared to the rest of the industry, the Price/Earnings ratio of ASC indicates a somewhat cheap valuation: ASC is cheaper than 61.65% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.99. ASC is valued slightly cheaper when compared to this.
  • A Price/Forward Earnings ratio of 19.04 indicates a rather expensive valuation of ASC.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ASC.
  • When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (28.06), we can say ASC is valued slightly cheaper.
Industry RankSector Rank
PE 16.1
Fwd PE 19.04
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASC is on the same level as its industry peers.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.84
ASC Per share dataASC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • A cheap valuation may be justified as ASC's earnings are expected to decrease with -95.34% in the coming years.
PEG (NY)N/A
PEG (5Y)0.22
EPS Next 2Y-95.34%
EPS Next 3YN/A

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

3

5. Dividend

5.1 Amount

  • ASC has a Yearly Dividend Yield of 2.08%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 3.52, ASC has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.81, ASC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.08%

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 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • 59.21% of the earnings are spent on dividend by ASC. This is a bit on the high side, but may be sustainable.
DP59.21%
EPS Next 2Y-95.34%
EPS Next 3YN/A
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 (2/20/2026, 8:17:28 PM)

After market: 15.05 -0.08 (-0.53%)

15.13

+0.25 (+1.68%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-12
Earnings (Next)N/A
Inst Owners69%
Inst Owner Change0.22%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap615.79M
Revenue(TTM)N/A
Net Income(TTM)31.82M
Analysts82.86
Price Target15.76 (4.16%)
Short Float %6.04%
Short Ratio3.45
Dividend
Industry RankSector Rank
Dividend Yield 2.08%
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP59.21%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27
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)-9.23%
EPS NQ rev (3m)-5.35%
EPS NY rev (1m)-1.62%
EPS NY rev (3m)7.48%
Revenue NQ rev (1m)0.47%
Revenue NQ rev (3m)-2.52%
Revenue NY rev (1m)0%
Revenue NY rev (3m)65.33%
Valuation
Industry RankSector Rank
PE 16.1
Fwd PE 19.04
P/S 1.99
P/FCF N/A
P/OCF 7.85
P/B 0.94
P/tB 0.94
EV/EBITDA 8.84
EPS(TTM)0.94
EY6.21%
EPS(NY)0.79
Fwd EY5.25%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)1.93
OCFY12.73%
SpS7.6
BVpS16.12
TBVpS16.12
PEG (NY)N/A
PEG (5Y)0.22
Graham Number18.46
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 3.55
F-Score4
WACC8.6%
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)-67.02%
EPS 3Y-36.2%
EPS 5Y73.38%
EPS Q2Q%12%
EPS Next Y-15.47%
EPS Next 2Y-95.34%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.06%
Revenue Next Year-44.52%
Revenue Next 2Y-14.93%
Revenue Next 3YN/A
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 2 / 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%.