ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis

NYSE:ASC • MHY0207T1001

14.99 USD
+0.11 (+0.74%)
Last: Feb 20, 2026, 01:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall ASC gets a fundamental rating of 4 out of 10. We evaluated ASC against 206 industry peers in the Oil, Gas & Consumable Fuels industry. While ASC has a great health rating, its profitability is only average at the moment. 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.
  • ASC had a positive operating cash flow in the past year.
  • 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 has a Return On Assets (3.98%) which is comparable to the rest of the industry.
  • ASC has a Return On Equity of 4.85%. This is comparable to the rest of the industry: ASC outperforms 42.23% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.51%, ASC is in line with its industry, outperforming 40.29% of the companies in the same industry.
  • ASC had an Average Return On Invested Capital over the past 3 years of 16.40%. This is significantly below the industry average of 21.98%.
  • The last Return On Invested Capital (4.51%) for ASC is well below the 3 year average (16.40%), which needs to be investigated, but indicates that ASC had better years and this may not be a problem.
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

  • ASC has a Profit Margin (10.29%) which is comparable to the rest of the industry.
  • ASC has a Operating Margin (14.28%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of ASC has grown nicely.
  • ASC's Gross Margin of 41.93% is in line compared to the rest of the industry. ASC outperforms 50.97% of its industry peers.
  • ASC's Gross Margin has improved in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), 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

  • An Altman-Z score of 3.55 indicates that ASC is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of ASC (3.55) is better than 84.47% of its industry peers.
  • ASC has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.
  • ASC has a Debt to Equity ratio of 0.18. This is in the better half of the industry: ASC outperforms 74.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z 3.55
ROIC/WACC0.52
WACC8.61%
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 has a Current ratio of 4.46. This is amongst the best in the industry. ASC outperforms 86.89% of its industry peers.
  • A Quick Ratio of 4.08 indicates that ASC has no problem at all paying its short term obligations.
  • ASC has a better Quick ratio (4.08) 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

  • The Earnings Per Share is expected to decrease by -95.34% on average over the next years. This is quite bad
  • Based on estimates for the next years, ASC will show a very negative growth in Revenue. The Revenue will decrease by -14.93% on average per year.
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

  • The EPS 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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2

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 15.95 indicates a correct valuation of ASC.
  • Based on the Price/Earnings ratio, ASC is valued a bit cheaper than the industry average as 61.65% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.09, ASC is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 18.87, the valuation of ASC can be described as rather expensive.
  • ASC's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (27.98), we can say ASC is valued slightly cheaper.
Industry RankSector Rank
PE 15.95
Fwd PE 18.87
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

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as ASC.
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%.
  • ASC's Dividend Yield is comparable with the industry average which is at 3.56.
  • ASC's Dividend Yield is comparable with the S&P500 average which is at 1.85.
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

  • ASC pays out 59.21% of its income as dividend. 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, 1:00:37 PM)

14.99

+0.11 (+0.74%)

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 Cap610.09M
Revenue(TTM)N/A
Net Income(TTM)31.82M
Analysts82.86
Price Target15.76 (5.14%)
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 15.95
Fwd PE 18.87
P/S 1.97
P/FCF N/A
P/OCF 7.78
P/B 0.93
P/tB 0.93
EV/EBITDA 8.84
EPS(TTM)0.94
EY6.27%
EPS(NY)0.79
Fwd EY5.3%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)1.93
OCFY12.85%
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
WACC8.61%
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%.