ARDMORE SHIPPING CORP (ASC) Fundamental Analysis & Valuation
NYSE:ASC • MHY0207T1001
15.79 USD
-0.16 (-1%)
At close: Mar 9, 2026
15.79 USD
0 (0%)
After Hours: 3/9/2026, 8:04:00 PM
This ASC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, ASC scores 5 out of 10 in our fundamental rating. ASC was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. ASC has only an average score on both its financial health and profitability. ASC is valued correctly, but it does not seem to be growing.
1. ASC Profitability Analysis
1.1 Basic Checks
- In the past year ASC was profitable.
- In the past year ASC had a positive cash flow from operations.
- Of the past 5 years ASC 4 years were profitable.
- ASC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- ASC has a Return On Assets of 4.57%. This is comparable to the rest of the industry: ASC outperforms 59.42% of its industry peers.
- ASC has a Return On Equity (5.69%) which is in line with its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.89%, ASC is in line with its industry, outperforming 43.00% of the companies in the same industry.
- ASC had an Average Return On Invested Capital over the past 3 years of 11.77%. This is significantly below the industry average of 22.53%.
- 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 Rank | Sector 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
1.3 Margins
- ASC has a better Profit Margin (11.63%) than 60.39% 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.
- In the last couple of years the Operating Margin of ASC has grown nicely.
- ASC's Gross Margin of 41.81% is in line compared to the rest of the industry. ASC outperforms 51.21% of its industry peers.
- ASC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. ASC Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ASC is still 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.
- The debt/assets ratio for ASC is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.56 indicates that ASC is not in any danger for bankruptcy at the moment.
- ASC's Altman-Z score of 3.56 is amongst the best of the industry. ASC outperforms 83.57% 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.
- With a decent Debt to Equity ratio value of 0.20, ASC is doing good in the industry, outperforming 73.43% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.56 |
ROIC/WACC0.59
WACC8.24%
2.3 Liquidity
- A Current Ratio of 4.33 indicates that ASC has no problem at all paying its short term obligations.
- ASC has a Current ratio of 4.33. This is amongst the best in the industry. ASC outperforms 87.44% of its industry peers.
- A Quick Ratio of 3.98 indicates that ASC has no problem at all paying its short term obligations.
- ASC's Quick ratio of 3.98 is amongst the best of the industry. ASC outperforms 87.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.33 | ||
| Quick Ratio | 3.98 |
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.
- 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.
- The Revenue is expected to decrease by -27.11% on average over the next years. This is quite bad
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.
- 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.
4. ASC Valuation Analysis
4.1 Price/Earnings Ratio
- ASC is valuated correctly with a Price/Earnings ratio of 16.80.
- Compared to the rest of the industry, the Price/Earnings ratio of ASC is on the same level as its industry peers.
- ASC's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.46.
- The Price/Forward Earnings ratio is 13.44, which indicates a correct valuation of ASC.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ASC indicates a somewhat cheap valuation: ASC is cheaper than 71.50% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, ASC is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.8 | ||
| Fwd PE | 13.44 |
4.2 Price Multiples
- ASC's Enterprise Value to EBITDA ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.93 |
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)0.67
PEG (5Y)0.23
EPS Next 2Y16.82%
EPS Next 3YN/A
5. ASC Dividend Analysis
5.1 Amount
- ASC has a Yearly Dividend Yield of 1.92%.
- Compared to an average industry Dividend Yield of 3.41, ASC has a dividend in line with its industry peers.
- ASC's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
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
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 Fundamentals: All Metrics, Ratios and Statistics
15.79
-0.16 (-1%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-12 2026-02-12/bmo
Earnings (Next)N/A N/A
Inst Owners76.8%
Inst Owner Change7.48%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap643.13M
Revenue(TTM)310.20M
Net Income(TTM)36.07M
Analysts82.86
Price Target16.27 (3.04%)
Short Float %5.28%
Short Ratio2.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.92% |
Yearly Dividend0.38
Dividend Growth(5Y)49.1%
DP42.54%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27 2026-02-27 (0.09)
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)3.24%
PT rev (3m)4.25%
EPS NQ rev (1m)31.15%
EPS NQ rev (3m)4.99%
EPS NY rev (1m)47.88%
EPS NY rev (3m)-13.93%
Revenue NQ rev (1m)-29.63%
Revenue NQ rev (3m)-29.63%
Revenue NY rev (1m)5.48%
Revenue NY rev (3m)-17.19%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.8 | ||
| Fwd PE | 13.44 | ||
| P/S | 2.07 | ||
| P/FCF | N/A | ||
| P/OCF | 7.88 | ||
| P/B | 1.01 | ||
| P/tB | 1.01 | ||
| EV/EBITDA | 8.93 |
EPS(TTM)0.94
EY5.95%
EPS(NY)1.17
Fwd EY7.44%
FCF(TTM)-0.97
FCFYN/A
OCF(TTM)2
OCFY12.7%
SpS7.62
BVpS15.57
TBVpS15.57
PEG (NY)0.67
PEG (5Y)0.23
Graham Number18.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.57% | ||
| ROE | 5.69% | ||
| ROCE | 6.19% | ||
| 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 1.57 | ||
| Cap/Depr | 357.48% | ||
| Cap/Sales | 39.01% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 100.76% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.33 | ||
| Quick Ratio | 3.98 | ||
| Altman-Z | 3.56 |
F-Score5
WACC8.24%
ROIC/WACC0.59
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 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%.