ARDMORE SHIPPING CORP (ASC)
MHY0207T1001 - Common Stock
Taking everything into account, ASC scores 7 out of 10 in our fundamental rating. ASC was compared to 205 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 has a bad growth rate and is valued cheaply. These ratings could make ASC a good candidate for value investing.
1. Profitability
1.1 Basic Checks
ASC had positive earnings in the past year.
In the past year ASC had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: ASC reported negative net income in multiple years.
ASC had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
ASC has a better Return On Assets (20.71%) than 91.67% of its industry peers.
Looking at the Return On Equity, with a value of 22.54%, ASC is in the better half of the industry, outperforming 77.45% of the companies in the same industry.
With an excellent Return On Invested Capital value of 16.89%, ASC belongs to the best of the industry, outperforming 86.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.71% | ||
| ROE | 22.54% | ||
| ROIC | 16.89% |
ROA(3y)9.94%
ROA(5y)5.21%
ROE(3y)11.61%
ROE(5y)5.19%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of ASC (35.42%) is better than 84.31% of its industry peers.
ASC's Operating Margin of 34.69% is fine compared to the rest of the industry. ASC outperforms 69.12% of its industry peers.
In the last couple of years the Operating Margin of ASC has grown nicely.
With a Gross Margin value of 54.27%, ASC perfoms like the industry average, outperforming 59.80% of the companies in the same industry.
In the last couple of years the Gross Margin of ASC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 34.69% | ||
| PM (TTM) | 35.42% | ||
| GM | 54.27% |
OM growth 3Y56.45%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y14.17%
GM growth 5Y19.24%
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.
The number of shares outstanding for ASC has been increased compared to 1 year ago.
Compared to 5 years ago, ASC has more shares outstanding
The debt/assets ratio for ASC has been reduced compared to a year ago.
2.2 Solvency
ASC has an Altman-Z score of 6.57. This indicates that ASC is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of ASC (6.57) is better than 92.16% of its industry peers.
The Debt to FCF ratio of ASC is 0.25, which is an excellent value as it means it would take ASC, only 0.25 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.25, ASC belongs to the best of the industry, outperforming 91.18% of the companies in the same industry.
A Debt/Equity ratio of 0.03 indicates that ASC is not too dependend on debt financing.
The Debt to Equity ratio of ASC (0.03) is better than 80.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.25 | ||
| Altman-Z | 6.57 |
ROIC/WACC1.94
WACC8.73%
2.3 Liquidity
A Current Ratio of 3.57 indicates that ASC has no problem at all paying its short term obligations.
ASC has a Current ratio of 3.57. This is amongst the best in the industry. ASC outperforms 84.31% of its industry peers.
ASC has a Quick Ratio of 3.26. This indicates that ASC is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.26, ASC belongs to the top of the industry, outperforming 84.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.57 | ||
| Quick Ratio | 3.26 |
3. Growth
3.1 Past
ASC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -5.00%.
ASC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 257.00% yearly.
Looking at the last year, ASC shows a decrease in Revenue. The Revenue has decreased by -1.67% in the last year.
ASC shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.50% yearly.
EPS 1Y (TTM)-5%
EPS 3Y257%
EPS 5YN/A
EPS Q2Q%12.24%
Revenue 1Y (TTM)-1.67%
Revenue growth 3Y21.62%
Revenue growth 5Y13.5%
Sales Q2Q%10.56%
3.2 Future
The Earnings Per Share is expected to decrease by -11.01% on average over the next years. This is quite bad
The Revenue is expected to decrease by -12.29% on average over the next years. This is quite bad
EPS Next Y15.36%
EPS Next 2Y-16.53%
EPS Next 3Y-14.31%
EPS Next 5Y-11.01%
Revenue Next Year15.64%
Revenue Next 2Y-9.76%
Revenue Next 3Y-7.94%
Revenue Next 5Y-12.29%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
ASC is valuated cheaply with a Price/Earnings ratio of 3.50.
Compared to the rest of the industry, the Price/Earnings ratio of ASC indicates a rather cheap valuation: ASC is cheaper than 94.12% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.73, ASC is valued rather cheaply.
A Price/Forward Earnings ratio of 5.95 indicates a rather cheap valuation of ASC.
Based on the Price/Forward Earnings ratio, ASC is valued cheaply inside the industry as 82.84% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.83. ASC is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.5 | ||
| Fwd PE | 5.95 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ASC is valued cheaply inside the industry as 91.18% of the companies are valued more expensively.
82.84% of the companies in the same industry are more expensive than ASC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.27 | ||
| EV/EBITDA | 2.54 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
ASC has a very decent profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as ASC's earnings are expected to decrease with -14.31% in the coming years.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y-16.53%
EPS Next 3Y-14.31%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 9.57%, ASC is a good candidate for dividend investing.
The stock price of ASC dropped by -35.33% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 7.08, ASC pays a better dividend. On top of this ASC pays more dividend than 84.31% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, ASC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.57% |
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 31.75% of its income as dividend. This is a sustainable payout ratio.
DP31.75%
EPS Next 2Y-16.53%
EPS Next 3Y-14.31%
ARDMORE SHIPPING CORP
NYSE:ASC (12/20/2024, 8:04:00 PM)
After market: 11.31 0 (0%)11.31
+0.02 (+0.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners74.95%
Inst Owner Change-3.96%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap473.21M
Analysts78
Price Target18.97 (67.73%)
Short Float %4.45%
Short Ratio2.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.57% |
Dividend Growth(5Y)N/A
DP31.75%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.56%
Min EPS beat(2)-12.49%
Max EPS beat(2)9.37%
EPS beat(4)2
Avg EPS beat(4)1.53%
Min EPS beat(4)-12.49%
Max EPS beat(4)9.37%
EPS beat(8)6
Avg EPS beat(8)2.98%
EPS beat(12)9
Avg EPS beat(12)9.98%
EPS beat(16)12
Avg EPS beat(16)10.1%
Revenue beat(2)2
Avg Revenue beat(2)27.93%
Min Revenue beat(2)27.69%
Max Revenue beat(2)28.17%
Revenue beat(4)4
Avg Revenue beat(4)29.85%
Min Revenue beat(4)27.69%
Max Revenue beat(4)31.85%
Revenue beat(8)8
Avg Revenue beat(8)35.43%
Revenue beat(12)12
Avg Revenue beat(12)49.65%
Revenue beat(16)16
Avg Revenue beat(16)57.02%
PT rev (1m)-22.5%
PT rev (3m)-25%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-51.99%
EPS NY rev (1m)-7.06%
EPS NY rev (3m)-17.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-27.74%
Revenue NY rev (1m)-0.31%
Revenue NY rev (3m)-4.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 3.5 | ||
| Fwd PE | 5.95 | ||
| P/S | 1.12 | ||
| P/FCF | 5.27 | ||
| P/OCF | 3.03 | ||
| P/B | 0.71 | ||
| P/tB | 0.71 | ||
| EV/EBITDA | 2.54 |
EPS(TTM)3.23
EY28.56%
EPS(NY)1.9
Fwd EY16.82%
FCF(TTM)2.14
FCFY18.96%
OCF(TTM)3.73
OCFY33%
SpS10.1
BVpS15.87
TBVpS15.87
PEG (NY)0.23
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 20.71% | ||
| ROE | 22.54% | ||
| ROCE | 21.38% | ||
| ROIC | 16.89% | ||
| ROICexc | 18.15% | ||
| ROICexgc | 18.15% | ||
| OM | 34.69% | ||
| PM (TTM) | 35.42% | ||
| GM | 54.27% | ||
| FCFM | 21.23% |
ROA(3y)9.94%
ROA(5y)5.21%
ROE(3y)11.61%
ROE(5y)5.19%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y92.37%
ROICexcg growth 5YN/A
ROICexc growth 3Y92.37%
ROICexc growth 5YN/A
OM growth 3Y56.45%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y14.17%
GM growth 5Y19.24%
F-Score7
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 0.25 | ||
| Debt/EBITDA | 0.11 | ||
| Cap/Depr | 225.03% | ||
| Cap/Sales | 15.72% | ||
| Interest Coverage | 25.21 | ||
| Cash Conversion | 88.66% | ||
| Profit Quality | 59.95% | ||
| Current Ratio | 3.57 | ||
| Quick Ratio | 3.26 | ||
| Altman-Z | 6.57 |
F-Score7
WACC8.73%
ROIC/WACC1.94
Cap/Depr(3y)37.94%
Cap/Depr(5y)37.54%
Cap/Sales(3y)2.91%
Cap/Sales(5y)3.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-5%
EPS 3Y257%
EPS 5YN/A
EPS Q2Q%12.24%
EPS Next Y15.36%
EPS Next 2Y-16.53%
EPS Next 3Y-14.31%
EPS Next 5Y-11.01%
Revenue 1Y (TTM)-1.67%
Revenue growth 3Y21.62%
Revenue growth 5Y13.5%
Sales Q2Q%10.56%
Revenue Next Year15.64%
Revenue Next 2Y-9.76%
Revenue Next 3Y-7.94%
Revenue Next 5Y-12.29%
EBIT growth 1Y-6.31%
EBIT growth 3Y90.27%
EBIT growth 5YN/A
EBIT Next Year34.06%
EBIT Next 3Y-6.18%
EBIT Next 5Y-3.65%
FCF growth 1Y48.31%
FCF growth 3Y74.78%
FCF growth 5YN/A
OCF growth 1Y148.29%
OCF growth 3Y51.28%
OCF growth 5Y76.19%