ARDMORE SHIPPING CORP (ASC) Fundamental Analysis & Valuation

NYSE:ASC • MHY0207T1001

Current stock price

15.18 USD
-0.04 (-0.26%)
At close:
15.18 USD
0 (0%)
After Hours:

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

  • The Return On Assets of ASC (4.57%) is better than 60.29% of its industry peers.
  • The Return On Equity of ASC (5.69%) is comparable to the rest of the industry.
  • ASC has a Return On Invested Capital (4.89%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for ASC is significantly below the industry average of 23.03%.
  • The last Return On Invested Capital (4.89%) for ASC is well below the 3 year average (11.77%), which needs to be investigated, but indicates that ASC had better years and this may not be a problem.
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 has a Profit Margin of 11.63%. This is comparable 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.
  • With a Gross Margin value of 41.80%, ASC perfoms like the industry average, outperforming 50.72% of the companies in the same industry.
  • ASC's Gross Margin has improved in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ASC is creating some value.
  • The number of shares outstanding for ASC has been increased compared to 1 year ago.
  • The number of shares outstanding for ASC has been increased compared to 5 years ago.
  • ASC has a worse debt/assets ratio than last year.
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 3.46 indicates that ASC is not in any danger for bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.46, ASC belongs to the best of the industry, outperforming 82.30% of the companies in the same industry.
  • A Debt/Equity ratio of 0.20 indicates that ASC is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.20, ASC is in the better half of the industry, outperforming 73.68% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.2
Debt/FCF N/A
Altman-Z 3.46
ROIC/WACC0.57
WACC8.58%
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.
  • ASC's Current ratio of 4.33 is amongst the best of the industry. ASC outperforms 87.08% of its industry peers.
  • 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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3

3. ASC Growth Analysis

3.1 Past

  • ASC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -67.02%.
  • ASC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 73.38% yearly.
  • Looking at the last year, ASC shows a very negative growth in Revenue. The Revenue has decreased by -23.56% in the last year.
  • Measured over the past years, ASC shows a small growth in Revenue. The Revenue has been growing by 7.10% on average per year.
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

  • ASC is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 16.82% yearly.
  • 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

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • 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.
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 16.15, ASC is valued correctly.
  • Based on the Price/Earnings ratio, ASC is valued a bit cheaper than 66.51% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of ASC to the average of the S&P500 Index (24.89), we can say ASC is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 12.92, which indicates a correct valuation of ASC.
  • Based on the Price/Forward Earnings ratio, ASC is valued a bit cheaper than 78.95% of the companies in the same industry.
  • ASC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 16.15
Fwd PE 12.92
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

  • ASC's Enterprise Value to EBITDA ratio is in line with the industry average.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.63
ASC Per share dataASC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ASC's earnings are expected to grow with 16.82% in the coming years. This may justify a more expensive valuation.
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

  • ASC has a Yearly Dividend Yield of 2.04%. Purely for dividend investing, there may be better candidates out there.
  • ASC's Dividend Yield is comparable with the industry average which is at 3.20.
  • ASC's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.04%

5.2 History

  • On average, the dividend of ASC grows each year by 49.10%, which is quite nice.
  • 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

  • 42.54% of the earnings are spent on dividend by ASC. 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 (3/27/2026, 8:04:00 PM)

After market: 15.18 0 (0%)

15.18

-0.04 (-0.26%)

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 Cap619.34M
Revenue(TTM)310.20M
Net Income(TTM)36.07M
Analysts82.86
Price Target18.31 (20.62%)
Short Float %6.14%
Short Ratio2.81
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 16.15
Fwd PE 12.92
P/S 2
P/FCF N/A
P/OCF 7.59
P/B 0.98
P/tB 0.98
EV/EBITDA 8.63
EPS(TTM)0.94
EY6.19%
EPS(NY)1.17
Fwd EY7.74%
FCF(TTM)-0.96
FCFYN/A
OCF(TTM)2
OCFY13.18%
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 3.46
F-Score5
WACC8.58%
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%.