ARDMORE SHIPPING CORP (ASC) Fundamental Analysis & Valuation

NYSE:ASC • MHY0207T1001

Current stock price

15.25 USD
+0.26 (+1.73%)
At close:
15.25 USD
0 (0%)
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This ASC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ASC Profitability Analysis

1.1 Basic Checks

  • ASC had positive earnings in the past year.
  • ASC had a positive operating cash flow in the past year.
  • ASC had positive earnings in 4 of the past 5 years.
  • ASC had a positive operating cash flow in 4 of the past 5 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 2025 0 50M -50M 100M -100M 150M

1.2 Ratios

  • ASC has a Return On Assets of 4.57%. This is in the better half of the industry: ASC outperforms 60.29% of its industry peers.
  • With a Return On Equity value of 5.69%, ASC perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
  • ASC has a Return On Invested Capital of 4.89%. This is comparable to the rest of the industry: ASC outperforms 44.50% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ASC is significantly below the industry average of 23.14%.
  • The 3 year average ROIC (11.77%) for ASC is well above the current ROIC(4.89%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 4.57%
ROE 5.69%
ROIC 4.89%
ROA(3y)13.08%
ROA(5y)10.53%
ROE(3y)15.22%
ROE(5y)12.15%
ROIC(3y)11.77%
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 2025 0 10 -10 20

1.3 Margins

  • ASC's Profit Margin of 11.63% is in line compared to the rest of the industry. ASC outperforms 58.85% of its industry peers.
  • ASC's Profit Margin has declined in the last couple of years.
  • ASC has a Operating Margin of 15.21%. This is comparable to the rest of the industry: ASC outperforms 49.76% of its industry peers.
  • ASC's Operating Margin has improved in the last couple of years.
  • ASC has a Gross Margin (41.80%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of ASC has grown nicely.
Industry RankSector Rank
OM 15.21%
PM (TTM) 11.63%
GM 41.81%
OM growth 3Y-24.8%
OM growth 5Y12.47%
PM growth 3Y-27.34%
PM growth 5YN/A
GM growth 3Y-7.05%
GM growth 5Y3.82%
ASC Yearly Profit, Operating, Gross MarginsASC 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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6

2. ASC Health Analysis

2.1 Basic Checks

  • ASC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • ASC has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ASC has more shares outstanding
  • The debt/assets ratio for ASC is higher compared to a year ago.
ASC Yearly Shares OutstandingASC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 200M 400M 600M 800M

2.2 Solvency

  • An Altman-Z score of 3.43 indicates that ASC is not in any danger for bankruptcy at the moment.
  • ASC has a Altman-Z score of 3.43. This is amongst the best in the industry. ASC outperforms 82.78% of its industry peers.
  • ASC has a Debt/Equity ratio of 0.20. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of ASC (0.20) is better than 73.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Altman-Z 3.43
ROIC/WACC0.57
WACC8.5%
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 2025 0 200M 400M 600M

2.3 Liquidity

  • A Current Ratio of 4.33 indicates that ASC has no problem at all paying its short term obligations.
  • With an excellent Current ratio value of 4.33, ASC belongs to the best of the industry, outperforming 87.08% of the companies in the same industry.
  • ASC has a Quick Ratio of 3.98. This indicates that ASC is financially healthy and has no problem in meeting its short term obligations.
  • ASC's Quick ratio of 3.98 is amongst the best of the industry. ASC outperforms 87.08% of its industry peers.
Industry RankSector Rank
Current Ratio 4.33
Quick Ratio 3.98
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 2025 50M 100M 150M

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

3

3. ASC Growth Analysis

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.
  • Looking at the last year, ASC shows a very negative growth in Revenue. The Revenue has decreased by -23.56% in the last year.
  • ASC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 7.10% yearly.
EPS 1Y (TTM)-67.02%
EPS 3Y-36.2%
EPS 5Y73.38%
EPS Q2Q%12%
Revenue 1Y (TTM)-23.56%
Revenue growth 3Y-11.38%
Revenue growth 5Y7.1%
Sales Q2Q%1.06%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.82% on average over the next years. This is quite good.
  • ASC is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -27.11% yearly.
EPS Next Y25%
EPS Next 2Y16.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-41.48%
Revenue Next 2Y-27.11%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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4

4. ASC Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 16.22, ASC is valued correctly.
  • Based on the Price/Earnings ratio, ASC is valued a bit cheaper than the industry average as 66.51% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 24.75. ASC is valued slightly cheaper when compared to this.
  • The Price/Forward Earnings ratio is 12.98, which indicates a correct valuation of ASC.
  • Based on the Price/Forward Earnings ratio, ASC is valued a bit cheaper than the industry average as 79.43% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, ASC is valued a bit cheaper.
Industry RankSector Rank
PE 16.22
Fwd PE 12.98
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 8.54
ASC Per share dataASC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • ASC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ASC's earnings are expected to grow with 16.82% in the coming years.
PEG (NY)0.65
PEG (5Y)0.22
EPS Next 2Y16.82%
EPS Next 3YN/A

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

4

5. ASC Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.04%, ASC has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.20, ASC has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, ASC has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.04%

5.2 History

  • The dividend of ASC is nicely growing with an annual growth rate of 49.10%!
  • ASC has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)49.1%
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

  • ASC pays out 42.54% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • ASC's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP42.54%
EPS Next 2Y16.82%
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 2025 0 50M -50M 100M -100M
ASC Dividend Payout.ASC Dividend Payout, showing the Payout Ratio.ASC Dividend Payout.PayoutRetained Earnings

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ASC Fundamentals: All Metrics, Ratios and Statistics

ARDMORE SHIPPING CORP

NYSE:ASC (3/31/2026, 4:10:04 PM)

After market: 15.25 0 (0%)

15.25

+0.26 (+1.73%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-12
Earnings (Next)N/A
Inst Owners76.8%
Inst Owner Change7.48%
Ins OwnersN/A
Ins Owner Change0%
Market Cap622.20M
Revenue(TTM)310.20M
Net Income(TTM)36.07M
Analysts82.86
Price Target18.31 (20.07%)
Short Float %5.76%
Short Ratio2.67
Dividend
Industry RankSector Rank
Dividend Yield 2.04%
Yearly Dividend0.38
Dividend Growth(5Y)49.1%
DP42.54%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.99%
Min EPS beat(2)-6.02%
Max EPS beat(2)10.01%
EPS beat(4)3
Avg EPS beat(4)9.69%
Min EPS beat(4)-6.02%
Max EPS beat(4)28.13%
EPS beat(8)5
Avg EPS beat(8)3.17%
EPS beat(12)8
Avg EPS beat(12)3.3%
EPS beat(16)12
Avg EPS beat(16)9.19%
Revenue beat(2)2
Avg Revenue beat(2)60.82%
Min Revenue beat(2)50.75%
Max Revenue beat(2)70.9%
Revenue beat(4)3
Avg Revenue beat(4)40.21%
Min Revenue beat(4)-19.84%
Max Revenue beat(4)70.9%
Revenue beat(8)7
Avg Revenue beat(8)34.98%
Revenue beat(12)11
Avg Revenue beat(12)35.5%
Revenue beat(16)15
Avg Revenue beat(16)44.13%
PT rev (1m)12.54%
PT rev (3m)17.32%
EPS NQ rev (1m)0%
EPS NQ rev (3m)7.91%
EPS NY rev (1m)47.88%
EPS NY rev (3m)5.16%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-29.63%
Revenue NY rev (1m)5.48%
Revenue NY rev (3m)-17.19%
Valuation
Industry RankSector Rank
PE 16.22
Fwd PE 12.98
P/S 2.01
P/FCF N/A
P/OCF 7.62
P/B 0.98
P/tB 0.98
EV/EBITDA 8.54
EPS(TTM)0.94
EY6.16%
EPS(NY)1.17
Fwd EY7.7%
FCF(TTM)-0.96
FCFYN/A
OCF(TTM)2
OCFY13.12%
SpS7.6
BVpS15.55
TBVpS15.55
PEG (NY)0.65
PEG (5Y)0.22
Graham Number18.13
Profitability
Industry RankSector Rank
ROA 4.57%
ROE 5.69%
ROCE 6.18%
ROIC 4.89%
ROICexc 5.21%
ROICexgc 5.21%
OM 15.21%
PM (TTM) 11.63%
GM 41.81%
FCFM N/A
ROA(3y)13.08%
ROA(5y)10.53%
ROE(3y)15.22%
ROE(5y)12.15%
ROIC(3y)11.77%
ROIC(5y)N/A
ROICexc(3y)12.64%
ROICexc(5y)N/A
ROICexgc(3y)12.64%
ROICexgc(5y)N/A
ROCE(3y)14.9%
ROCE(5y)N/A
ROICexgc growth 3Y-36.47%
ROICexgc growth 5Y17.44%
ROICexc growth 3Y-36.47%
ROICexc growth 5Y17.44%
OM growth 3Y-24.8%
OM growth 5Y12.47%
PM growth 3Y-27.34%
PM growth 5YN/A
GM growth 3Y-7.05%
GM growth 5Y3.82%
F-Score5
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Debt/EBITDA 1.57
Cap/Depr 357.48%
Cap/Sales 39.01%
Interest Coverage 9.29
Cash Conversion 100.76%
Profit Quality N/A
Current Ratio 4.33
Quick Ratio 3.98
Altman-Z 3.43
F-Score5
WACC8.5%
ROIC/WACC0.57
Cap/Depr(3y)217.56%
Cap/Depr(5y)134.9%
Cap/Sales(3y)20.21%
Cap/Sales(5y)12.58%
Profit Quality(3y)N/A
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 Y25%
EPS Next 2Y16.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-23.56%
Revenue growth 3Y-11.38%
Revenue growth 5Y7.1%
Sales Q2Q%1.06%
Revenue Next Year-41.48%
Revenue Next 2Y-27.11%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-63.22%
EBIT growth 3Y-33.36%
EBIT growth 5Y20.46%
EBIT Next Year100.07%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-139.75%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-49.11%
OCF growth 3Y-13.05%
OCF growth 5Y12.11%

ARDMORE SHIPPING CORP / ASC Fundamental Analysis FAQ

What is the ChartMill fundamental rating of ARDMORE SHIPPING CORP (ASC) stock?

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


Can you provide the valuation status for ARDMORE SHIPPING CORP?

ChartMill assigns a valuation rating of 4 / 10 to ARDMORE SHIPPING CORP (ASC). This can be considered as Fairly Valued.


Can you provide the profitability details for ARDMORE SHIPPING CORP?

ARDMORE SHIPPING CORP (ASC) has a profitability rating of 5 / 10.


How financially healthy is ARDMORE SHIPPING CORP?

The financial health rating of ARDMORE SHIPPING CORP (ASC) is 6 / 10.


Is the dividend of ARDMORE SHIPPING CORP sustainable?

The dividend rating of ARDMORE SHIPPING CORP (ASC) is 4 / 10 and the dividend payout ratio is 42.54%.