ARDMORE SHIPPING CORP (ASC) Fundamental Analysis & Valuation
NYSE:ASC • MHY0207T1001
15.95 USD
-0.18 (-1.12%)
At close: Mar 6, 2026
15.95 USD
0 (0%)
After Hours: 3/6/2026, 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.
ASC gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. ASC has only an average score on both its financial health and profitability. ASC does not seem to be growing, but still is valued expensively.
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.
- 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
- Looking at the Return On Assets, with a value of 4.57%, ASC is in the better half of the industry, outperforming 60.39% of the companies in the same industry.
- ASC has a Return On Equity of 5.69%. This is comparable to the rest of the industry: ASC outperforms 45.41% of its industry peers.
- ASC has a Return On Invested Capital (4.89%) which is comparable to the rest of the industry.
- Measured over the past 3 years, the Average Return On Invested Capital for ASC is significantly below the industry average of 22.17%.
- 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 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
- With a decent Profit Margin value of 11.63%, ASC is doing good in the industry, outperforming 60.87% of the companies in the same industry.
- ASC's Profit Margin has declined in the last couple of years.
- ASC has a Operating Margin (15.21%) which is in line with its industry peers.
- In the last couple of years the Operating Margin of ASC has grown nicely.
- ASC has a Gross Margin (41.81%) which is in line with 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ASC is creating some value.
- Compared to 1 year ago, ASC has more shares outstanding
- ASC has more shares outstanding than it did 5 years ago.
- ASC has a worse debt/assets ratio than last year.
2.2 Solvency
- ASC has an Altman-Z score of 3.61. This indicates that ASC is financially healthy and has little risk of bankruptcy at the moment.
- ASC has a better Altman-Z score (3.61) than 84.54% 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.
- ASC has a better Debt to Equity ratio (0.20) than 72.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.2 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.61 |
ROIC/WACC0.59
WACC8.22%
2.3 Liquidity
- ASC has a Current Ratio of 4.33. This indicates that ASC is financially healthy and has no problem in meeting 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.
- 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 87.44% 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.
- The Earnings Per Share has been growing by 73.38% on average over the past years. This is a very strong growth
- The Revenue for ASC has decreased by -23.56% in the past year. This is quite bad
- 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 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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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 16.97.
- Compared to the rest of the industry, the Price/Earnings ratio of ASC is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, ASC is valued a bit cheaper.
- Based on the Price/Forward Earnings ratio of 20.07, the valuation of ASC can be described as rather expensive.
- The rest of the industry has a similar Price/Forward Earnings ratio as ASC.
- When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (24.57), we can say ASC is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.97 | ||
| Fwd PE | 20.07 |
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 | 9.09 |
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)0.23
EPS Next 2Y-95.34%
EPS Next 3YN/A
5. ASC Dividend Analysis
5.1 Amount
- ASC has a Yearly Dividend Yield of 1.94%.
- ASC's Dividend Yield is comparable with the industry average which is at 3.40.
- Compared to an average S&P500 Dividend Yield of 1.82, ASC has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
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
- ASC pays out 42.54% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP42.54%
EPS Next 2Y-95.34%
EPS Next 3YN/A
ASC Fundamentals: All Metrics, Ratios and Statistics
15.95
-0.18 (-1.12%)
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 Owners69%
Inst Owner Change7.49%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap649.16M
Revenue(TTM)310.20M
Net Income(TTM)36.07M
Analysts82.86
Price Target16.27 (2.01%)
Short Float %5.28%
Short Ratio2.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.94% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
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)0%
EPS NY rev (3m)-42.83%
Revenue NQ rev (1m)-29.63%
Revenue NQ rev (3m)-29.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-23.71%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.97 | ||
| Fwd PE | 20.07 | ||
| P/S | 2.09 | ||
| P/FCF | N/A | ||
| P/OCF | 7.95 | ||
| P/B | 1.02 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 9.09 |
EPS(TTM)0.94
EY5.89%
EPS(NY)0.79
Fwd EY4.98%
FCF(TTM)-0.97
FCFYN/A
OCF(TTM)2.01
OCFY12.58%
SpS7.62
BVpS15.59
TBVpS15.59
PEG (NY)N/A
PEG (5Y)0.23
Graham Number18.16
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 | 3.61 |
F-Score5
WACC8.22%
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 Y-15.47%
EPS Next 2Y-95.34%
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-44.52%
Revenue Next 2Y-14.93%
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 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 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 3 / 10 and the dividend payout ratio is 42.54%.