ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis
USA - NYSE:ASC - MHY0207T1001 - Common Stock
13.08 USD
-0.21 (-1.58%)
ASC gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. ASC has an excellent financial health rating, but there are some minor concerns on its profitability. ASC is valued correctly, but it does not seem to be growing.
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.
ASC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
The Return On Assets of ASC (6.10%) is better than 68.10% of its industry peers.
ASC has a Return On Equity of 6.65%. This is comparable to the rest of the industry: ASC outperforms 48.57% of its industry peers.
ASC's Return On Invested Capital of 6.39% is in line compared to the rest of the industry. ASC outperforms 57.14% of its industry peers.
ASC had an Average Return On Invested Capital over the past 3 years of 16.40%. This is significantly below the industry average of 21.76%.
The 3 year average ROIC (16.40%) for ASC is well above the current ROIC(6.39%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.1% | ||
| ROE | 6.65% | ||
| ROIC | 6.39% |
ROA(3y)17.77%
ROA(5y)9.45%
ROE(3y)22.22%
ROE(5y)10.64%
ROIC(3y)16.4%
ROIC(5y)N/A
1.3 Margins
With a decent Profit Margin value of 13.25%, ASC is doing good in the industry, outperforming 62.38% of the companies in the same industry.
The Operating Margin of ASC (16.80%) is comparable to the rest of the industry.
ASC's Operating Margin has improved in the last couple of years.
ASC has a Gross Margin (43.47%) which is in line with its industry peers.
In the last couple of years the Gross Margin of ASC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.8% | ||
| PM (TTM) | 13.25% | ||
| GM | 43.47% |
OM growth 3YN/A
OM growth 5Y35.03%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y32.83%
GM growth 5Y11.07%
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.
ASC has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, ASC has more shares outstanding
Compared to 1 year ago, ASC has an improved debt to assets ratio.
2.2 Solvency
ASC has an Altman-Z score of 6.83. This indicates that ASC is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASC (6.83) is better than 90.95% of its industry peers.
The Debt to FCF ratio of ASC is 0.31, which is an excellent value as it means it would take ASC, only 0.31 years of fcf income to pay off all of its debts.
ASC has a better Debt to FCF ratio (0.31) than 92.38% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that ASC is not too dependend on debt financing.
ASC has a better Debt to Equity ratio (0.04) than 80.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.31 | ||
| Altman-Z | 6.83 |
ROIC/WACC0.74
WACC8.68%
2.3 Liquidity
A Current Ratio of 3.88 indicates that ASC has no problem at all paying its short term obligations.
ASC has a better Current ratio (3.88) than 87.62% of its industry peers.
ASC has a Quick Ratio of 3.56. This indicates that ASC is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 3.56, ASC belongs to the best of the industry, outperforming 87.62% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.88 | ||
| Quick Ratio | 3.56 |
3. Growth
3.1 Past
ASC shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 4.40%.
ASC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.48%.
The Revenue has been growing by 12.02% on average over the past years. This is quite good.
EPS 1Y (TTM)4.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)2.48%
Revenue growth 3Y28.22%
Revenue growth 5Y12.02%
Sales Q2Q%-39.94%
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 -10.54% yearly.
ASC is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -16.76% yearly.
EPS Next Y-66.16%
EPS Next 2Y-31.95%
EPS Next 3Y-10.54%
EPS Next 5YN/A
Revenue Next Year-49.03%
Revenue Next 2Y-22.33%
Revenue Next 3Y-16.76%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 4.59, the valuation of ASC can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of ASC indicates a rather cheap valuation: ASC is cheaper than 92.86% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.20, ASC is valued rather cheaply.
A Price/Forward Earnings ratio of 9.91 indicates a reasonable valuation of ASC.
ASC's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ASC is cheaper than 70.00% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (22.70), we can say ASC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.59 | ||
| Fwd PE | 9.91 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASC is valued a bit cheaper than 67.14% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ASC is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.55 | ||
| EV/EBITDA | 6.03 |
4.3 Compensation for Growth
ASC's earnings are expected to decrease with -10.54% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-31.95%
EPS Next 3Y-10.54%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.08%, ASC has a reasonable but not impressive dividend return.
ASC's Dividend Yield is comparable with the industry average which is at 6.18.
ASC's Dividend Yield is a higher than the S&P500 average which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
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
5.3 Sustainability
74.72% of the earnings are spent on dividend by ASC. This is not a sustainable payout ratio.
DP74.72%
EPS Next 2Y-31.95%
EPS Next 3Y-10.54%
NYSE:ASC (9/18/2025, 11:46:35 AM)
13.08
-0.21 (-1.58%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners69.6%
Inst Owner Change9.82%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap532.23M
Analysts84.44
Price Target13.33 (1.91%)
Short Float %9.46%
Short Ratio5.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.08% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP74.72%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)17.38%
Min EPS beat(2)6.63%
Max EPS beat(2)28.13%
EPS beat(4)2
Avg EPS beat(4)0.69%
Min EPS beat(4)-19.5%
Max EPS beat(4)28.13%
EPS beat(8)5
Avg EPS beat(8)4%
EPS beat(12)9
Avg EPS beat(12)3.81%
EPS beat(16)11
Avg EPS beat(16)8.3%
Revenue beat(2)1
Avg Revenue beat(2)19.6%
Min Revenue beat(2)-19.84%
Max Revenue beat(2)59.03%
Revenue beat(4)3
Avg Revenue beat(4)24.7%
Min Revenue beat(4)-19.84%
Max Revenue beat(4)59.03%
Revenue beat(8)7
Avg Revenue beat(8)29.34%
Revenue beat(12)11
Avg Revenue beat(12)34.27%
Revenue beat(16)15
Avg Revenue beat(16)47.08%
PT rev (1m)-0.76%
PT rev (3m)-21.4%
EPS NQ rev (1m)32.79%
EPS NQ rev (3m)80.4%
EPS NY rev (1m)5.91%
EPS NY rev (3m)17.01%
Revenue NQ rev (1m)11.49%
Revenue NQ rev (3m)14.26%
Revenue NY rev (1m)7.58%
Revenue NY rev (3m)-20.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.59 | ||
| Fwd PE | 9.91 | ||
| P/S | 1.64 | ||
| P/FCF | 6.55 | ||
| P/OCF | 5.3 | ||
| P/B | 0.82 | ||
| P/tB | 0.82 | ||
| EV/EBITDA | 6.03 |
EPS(TTM)2.85
EY21.79%
EPS(NY)1.32
Fwd EY10.09%
FCF(TTM)2
FCFY15.27%
OCF(TTM)2.47
OCFY18.85%
SpS7.97
BVpS15.88
TBVpS15.88
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.1% | ||
| ROE | 6.65% | ||
| ROCE | 8.09% | ||
| ROIC | 6.39% | ||
| ROICexc | 6.9% | ||
| ROICexgc | 6.9% | ||
| OM | 16.8% | ||
| PM (TTM) | 13.25% | ||
| GM | 43.47% | ||
| FCFM | 25.08% |
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
ROICexcg growth 3YN/A
ROICexcg 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-Score5
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.31 | ||
| Debt/EBITDA | 0.29 | ||
| Cap/Depr | 61.03% | ||
| Cap/Sales | 5.88% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 117.13% | ||
| Profit Quality | 189.23% | ||
| Current Ratio | 3.88 | ||
| Quick Ratio | 3.56 | ||
| Altman-Z | 6.83 |
F-Score5
WACC8.68%
ROIC/WACC0.74
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)4.4%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y-66.16%
EPS Next 2Y-31.95%
EPS Next 3Y-10.54%
EPS Next 5YN/A
Revenue 1Y (TTM)2.48%
Revenue growth 3Y28.22%
Revenue growth 5Y12.02%
Sales Q2Q%-39.94%
Revenue Next Year-49.03%
Revenue Next 2Y-22.33%
Revenue Next 3Y-16.76%
Revenue Next 5YN/A
EBIT growth 1Y-62.51%
EBIT growth 3YN/A
EBIT growth 5Y51.26%
EBIT Next Year-43.65%
EBIT Next 3Y-5.15%
EBIT Next 5YN/A
FCF growth 1Y-59.21%
FCF growth 3YN/A
FCF growth 5Y41.1%
OCF growth 1Y-53.15%
OCF growth 3YN/A
OCF growth 5Y50.91%