ARDMORE SHIPPING CORP (ASC) Stock Fundamental Analysis

NYSE:ASC • MHY0207T1001

13.1 USD
-0.48 (-3.53%)
At close: Feb 12, 2026
13.1 USD
0 (0%)
After Hours: 2/12/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ASC. ASC was compared to 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

  • In the past year ASC was profitable.
  • ASC had a positive operating cash flow in the past year.
  • In multiple years ASC reported negative net income over the last 5 years.
  • Of the past 5 years ASC 4 years had a positive operating cash flow.
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's Return On Assets of 3.98% is in line compared to the rest of the industry. ASC outperforms 56.31% of its industry peers.
  • The Return On Equity of ASC (4.85%) is comparable to the rest of the industry.
  • ASC has a Return On Invested Capital (4.51%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for ASC is significantly below the industry average of 21.97%.
  • 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 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 of 10.29%. This is comparable to the rest of the industry: ASC outperforms 56.80% of its industry peers.
  • 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.
  • In the last couple of years the Gross Margin of ASC has grown nicely.
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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ASC is creating value.
  • Compared to 1 year ago, ASC has less shares outstanding
  • ASC has more shares outstanding than it did 5 years ago.
  • ASC has a better debt/assets ratio than last year.
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

  • ASC has an Altman-Z score of 3.33. This indicates that ASC is financially healthy and has little risk of bankruptcy at the moment.
  • ASC's Altman-Z score of 3.33 is amongst the best of the industry. ASC outperforms 84.95% 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 better Debt to Equity ratio (0.18) than 74.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.18
Debt/FCF N/A
Altman-Z 3.33
ROIC/WACC0.52
WACC8.67%
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

  • ASC has a Current Ratio of 4.46. This indicates that ASC is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 4.46, ASC belongs to the top of the industry, outperforming 86.89% of the companies in the same industry.
  • A Quick Ratio of 4.08 indicates that ASC has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 4.08, ASC belongs to the top of the industry, outperforming 85.92% of the companies in the same industry.
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

2

3. Growth

3.1 Past

  • ASC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -68.07%.
  • ASC shows a small growth in Revenue. In the last year, the Revenue has grown by 2.48%.
  • Measured over the past years, ASC shows a quite strong growth in Revenue. The Revenue has been growing by 12.02% on average per year.
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

  • The Earnings Per Share is expected to decrease by -37.49% on average over the next years. This is quite bad
  • ASC is expected to show a very negative growth in Revenue. In the coming years, the Revenue will decrease by -13.35% yearly.
EPS Next Y-63.26%
EPS Next 2Y-47.2%
EPS Next 3Y-37.49%
EPS Next 5YN/A
Revenue Next Year-15.65%
Revenue Next 2Y-31.59%
Revenue Next 3Y-13.35%
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.
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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3

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 14.40, the valuation of ASC can be described as correct.
  • Based on the Price/Earnings ratio, ASC is valued a bit cheaper than 64.56% of the companies in the same industry.
  • ASC is valuated rather cheaply when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 16.49 indicates a correct valuation of ASC.
  • The rest of the industry has a similar Price/Forward Earnings ratio as ASC.
  • ASC is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 27.69, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 14.4
Fwd PE 16.49
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

  • Based on the Enterprise Value to EBITDA ratio, ASC is valued a bit cheaper than 61.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 8.15
ASC Per share dataASC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

  • ASC's earnings are expected to decrease with -37.49% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-47.2%
EPS Next 3Y-37.49%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.40%, ASC has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.63, ASC has a dividend in line with its industry peers.
  • ASC's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.4%

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 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-47.2%
EPS Next 3Y-37.49%
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 (2/12/2026, 8:04:00 PM)

After market: 13.1 0 (0%)

13.1

-0.48 (-3.53%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)11-05
Earnings (Next)02-12
Inst Owners69%
Inst Owner Change-1.15%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap533.17M
Revenue(TTM)405.78M
Net Income(TTM)31.82M
Analysts82.86
Price Target15.76 (20.31%)
Short Float %6.03%
Short Ratio3.54
Dividend
Industry RankSector Rank
Dividend Yield 2.4%
Yearly Dividend1.2
Dividend Growth(5Y)N/A
DP59.21%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)-10.14%
EPS NQ rev (3m)4.28%
EPS NY rev (1m)-1.62%
EPS NY rev (3m)7.48%
Revenue NQ rev (1m)-2.75%
Revenue NQ rev (3m)-2.97%
Revenue NY rev (1m)0%
Revenue NY rev (3m)65.33%
Valuation
Industry RankSector Rank
PE 14.4
Fwd PE 16.49
P/S 1.72
P/FCF N/A
P/OCF 6.8
P/B 0.81
P/tB 0.81
EV/EBITDA 8.15
EPS(TTM)0.91
EY6.95%
EPS(NY)0.79
Fwd EY6.07%
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 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 3.33
F-Score4
WACC8.67%
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-63.26%
EPS Next 2Y-47.2%
EPS Next 3Y-37.49%
EPS Next 5YN/A
Revenue 1Y (TTM)2.48%
Revenue growth 3Y28.22%
Revenue growth 5Y12.02%
Sales Q2Q%-39.94%
Revenue Next Year-15.65%
Revenue Next 2Y-31.59%
Revenue Next 3Y-13.35%
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 3 / 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%.