ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:ASC - MHY0207T1001 - Common Stock
13.1 USD
+0.55 (+4.38%)
13.1 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to ASC. ASC was compared to 209 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.
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 (3.98%) is comparable to the rest of the industry.
ASC's Return On Equity of 4.85% is in line compared to the rest of the industry. ASC outperforms 42.58% of its industry peers.
With a Return On Invested Capital value of 4.51%, ASC is not doing good in the industry: 61.24% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for ASC is significantly below the industry average of 21.66%.
The 3 year average ROIC (16.40%) for ASC is well above the current ROIC(4.51%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector 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
1.3 Margins
With a Profit Margin value of 10.29%, ASC perfoms like the industry average, outperforming 56.46% of the companies in the same 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 50.24% of its industry peers.
ASC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ASC is creating value.
ASC has less shares outstanding than it did 1 year ago.
ASC has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ASC has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.25 indicates that ASC is not in any danger for bankruptcy at the moment.
ASC has a better Altman-Z score (3.25) than 85.17% 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.
The Debt to Equity ratio of ASC (0.18) is better than 72.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.18 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.25 |
ROIC/WACC0.52
WACC8.66%
2.3 Liquidity
A Current Ratio of 4.46 indicates that ASC has no problem at all paying its short term obligations.
ASC's Current ratio of 4.46 is amongst the best of the industry. ASC outperforms 89.00% 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 88.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.46 | ||
| Quick Ratio | 4.08 |
3. Growth
3.1 Past
The earnings per share for ASC have decreased strongly by -68.07% in the last year.
The Revenue has been growing slightly by 2.48% in the past year.
ASC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.02% yearly.
EPS 1Y (TTM)-68.07%
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 decrease in Earnings Per Share. In the coming years, the EPS will decrease by -6.33% yearly.
Based on estimates for the next years, ASC will show a very negative growth in Revenue. The Revenue will decrease by -15.31% on average per year.
EPS Next Y-65.82%
EPS Next 2Y-30.17%
EPS Next 3Y-6.33%
EPS Next 5YN/A
Revenue Next Year-48.98%
Revenue Next 2Y-21.67%
Revenue Next 3Y-15.31%
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
A Price/Earnings ratio of 14.40 indicates a correct valuation of ASC.
ASC's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.45. ASC is valued slightly cheaper when compared to this.
ASC is valuated reasonably with a Price/Forward Earnings ratio of 9.43.
Based on the Price/Forward Earnings ratio, ASC is valued a bit cheaper than the industry average as 77.51% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ASC to the average of the S&P500 Index (34.46), we can say ASC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 9.43 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ASC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.89 |
4.3 Compensation for Growth
A cheap valuation may be justified as ASC's earnings are expected to decrease with -6.33% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-30.17%
EPS Next 3Y-6.33%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.39%, ASC has a reasonable but not impressive dividend return.
ASC's Dividend Yield is comparable with the industry average which is at 5.91.
ASC's Dividend Yield is comparable with the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
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 59.21% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP59.21%
EPS Next 2Y-30.17%
EPS Next 3Y-6.33%
13.1
+0.55 (+4.38%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners68.1%
Inst Owner Change-73.1%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap533.04M
Revenue(TTM)405.78M
Net Income(TTM)31.82M
Analysts84.44
Price Target15.61 (19.16%)
Short Float %6.1%
Short Ratio4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.39% |
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP59.21%
Div Incr Years0
Div Non Decr Years0
Ex-Date
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)14.18%
PT rev (3m)17.09%
EPS NQ rev (1m)-10.95%
EPS NQ rev (3m)-10.95%
EPS NY rev (1m)0.99%
EPS NY rev (3m)0.99%
Revenue NQ rev (1m)-0.23%
Revenue NQ rev (3m)-0.14%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.4 | ||
| Fwd PE | 9.43 | ||
| P/S | 1.72 | ||
| P/FCF | N/A | ||
| P/OCF | 6.8 | ||
| P/B | 0.81 | ||
| P/tB | 0.81 | ||
| EV/EBITDA | 7.89 |
EPS(TTM)0.91
EY6.95%
EPS(NY)1.39
Fwd EY10.61%
FCF(TTM)-1.07
FCFYN/A
OCF(TTM)1.93
OCFY14.71%
SpS7.6
BVpS16.12
TBVpS16.12
PEG (NY)N/A
PEG (5Y)N/A
Graham Number18.17
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 3.25 |
F-Score4
WACC8.66%
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)-68.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y-65.82%
EPS Next 2Y-30.17%
EPS Next 3Y-6.33%
EPS Next 5YN/A
Revenue 1Y (TTM)2.48%
Revenue growth 3Y28.22%
Revenue growth 5Y12.02%
Sales Q2Q%-39.94%
Revenue Next Year-48.98%
Revenue Next 2Y-21.67%
Revenue Next 3Y-15.31%
Revenue Next 5YN/A
EBIT growth 1Y-69.86%
EBIT growth 3YN/A
EBIT growth 5Y51.26%
EBIT Next Year-39.42%
EBIT Next 3Y-2.19%
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
Can you provide the ChartMill fundamental rating for ARDMORE SHIPPING CORP?
ChartMill assigns a fundamental rating of 4 / 10 to ASC.
What is the valuation status of ARDMORE SHIPPING CORP (ASC) stock?
ChartMill assigns a valuation rating of 3 / 10 to ARDMORE SHIPPING CORP (ASC). This can be considered as Overvalued.
What is the profitability of ASC stock?
ARDMORE SHIPPING CORP (ASC) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for ASC stock?
The Price/Earnings (PE) ratio for ARDMORE SHIPPING CORP (ASC) is 14.4 and the Price/Book (PB) ratio is 0.81.
Can you provide the expected EPS growth for ASC stock?
The Earnings per Share (EPS) of ARDMORE SHIPPING CORP (ASC) is expected to decline by -65.82% in the next year.