ASHLAND INC (ASH) Stock Fundamental Analysis
NYSE:ASH • US0441861046
64.355 USD
+1.32 (+2.09%)
Last: Feb 24, 2026, 02:19 PM
ASH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 83 industry peers in the Chemicals industry. Both the profitability and the financial health of ASH get a neutral evaluation. Nothing too spectacular is happening here. ASH has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
- ASH had positive earnings in the past year.
- ASH had a positive operating cash flow in the past year.
- ASH had positive earnings in 4 of the past 5 years.
- ASH had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
- The Return On Assets of ASH (-15.29%) is worse than 83.13% of its industry peers.
- The Return On Equity of ASH (-36.79%) is worse than 78.31% of its industry peers.
- ASH has a Return On Invested Capital of 3.88%. This is comparable to the rest of the industry: ASH outperforms 55.42% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ASH is below the industry average of 6.11%.
- The 3 year average ROIC (3.45%) for ASH is below the current ROIC(3.88%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -15.29% | ||
| ROE | -36.79% | ||
| ROIC | 3.88% |
ROA(3y)-4.11%
ROA(5y)1.18%
ROE(3y)-10.91%
ROE(5y)0.81%
ROIC(3y)3.45%
ROIC(5y)3.62%
1.3 Margins
- With a decent Operating Margin value of 11.30%, ASH is doing good in the industry, outperforming 60.24% of the companies in the same industry.
- ASH's Operating Margin has improved in the last couple of years.
- ASH's Gross Margin of 33.30% is fine compared to the rest of the industry. ASH outperforms 66.27% of its industry peers.
- In the last couple of years the Gross Margin of ASH has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.3% | ||
| PM (TTM) | N/A | ||
| GM | 33.3% |
OM growth 3Y-6.9%
OM growth 5Y5.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.33%
GM growth 5Y1.71%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASH is destroying value.
- ASH has less shares outstanding than it did 1 year ago.
- ASH has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for ASH is higher compared to a year ago.
2.2 Solvency
- ASH has an Altman-Z score of 2.12. This is not the best score and indicates that ASH is in the grey zone with still only limited risk for bankruptcy at the moment.
- ASH has a Altman-Z score of 2.12. This is comparable to the rest of the industry: ASH outperforms 56.63% of its industry peers.
- The Debt to FCF ratio of ASH is 9.01, which is on the high side as it means it would take ASH, 9.01 years of fcf income to pay off all of its debts.
- ASH's Debt to FCF ratio of 9.01 is fine compared to the rest of the industry. ASH outperforms 68.67% of its industry peers.
- A Debt/Equity ratio of 0.74 indicates that ASH is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.74, ASH is in line with its industry, outperforming 46.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 9.01 | ||
| Altman-Z | 2.12 |
ROIC/WACC0.33
WACC11.64%
2.3 Liquidity
- ASH has a Current Ratio of 3.15. This indicates that ASH is financially healthy and has no problem in meeting its short term obligations.
- ASH has a Current ratio of 3.15. This is amongst the best in the industry. ASH outperforms 84.34% of its industry peers.
- A Quick Ratio of 1.61 indicates that ASH should not have too much problems paying its short term obligations.
- ASH's Quick ratio of 1.61 is fine compared to the rest of the industry. ASH outperforms 66.27% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.15 | ||
| Quick Ratio | 1.61 |
3. Growth
3.1 Past
- ASH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.63%.
- ASH shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.90% yearly.
- The Revenue has grown by 87.40% in the past year. This is a very strong growth!
- The Revenue has been decreasing by -1.98% on average over the past years.
EPS 1Y (TTM)-21.63%
EPS 3Y-16.05%
EPS 5Y3.9%
EPS Q2Q%-7.14%
Revenue 1Y (TTM)87.4%
Revenue growth 3Y-8.63%
Revenue growth 5Y-1.98%
Sales Q2Q%-4.69%
3.2 Future
- The Earnings Per Share is expected to grow by 17.88% on average over the next years. This is quite good.
- ASH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.90% yearly.
EPS Next Y16.06%
EPS Next 2Y17.94%
EPS Next 3Y17.88%
EPS Next 5YN/A
Revenue Next Year1.41%
Revenue Next 2Y2.57%
Revenue Next 3Y2.9%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 19.10 indicates a rather expensive valuation of ASH.
- Based on the Price/Earnings ratio, ASH is valued a bit cheaper than the industry average as 62.65% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 26.64. ASH is valued slightly cheaper when compared to this.
- Based on the Price/Forward Earnings ratio of 13.65, the valuation of ASH can be described as correct.
- ASH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ASH is cheaper than 74.70% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.75, ASH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.1 | ||
| Fwd PE | 13.65 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ASH is valued a bit cheaper than the industry average as 69.88% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASH indicates a somewhat cheap valuation: ASH is cheaper than 73.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.12 | ||
| EV/EBITDA | 9.06 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- ASH's earnings are expected to grow with 17.88% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.19
PEG (5Y)4.9
EPS Next 2Y17.94%
EPS Next 3Y17.88%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.63%, ASH has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.20, ASH pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.80, ASH pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
5.2 History
- On average, the dividend of ASH grows each year by 8.42%, which is quite nice.
- ASH has been paying a dividend for at least 10 years, so it has a reliable track record.
- ASH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)8.42%
Div Incr Years15
Div Non Decr Years15
5.3 Sustainability
- ASH has negative earnings and hence a negative payout ratio. The dividend may be in danger.
- ASH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-11%
EPS Next 2Y17.94%
EPS Next 3Y17.88%
NYSE:ASH (2/24/2026, 2:19:52 PM)
64.355
+1.32 (+2.09%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-02 2026-02-02/amc
Earnings (Next)04-28 2026-04-28/amc
Inst Owners96.47%
Inst Owner Change8.82%
Ins Owners0.58%
Ins Owner Change3.04%
Market Cap2.94B
Revenue(TTM)1.80B
Net Income(TTM)-691.00M
Analysts78.82
Price Target66.23 (2.91%)
Short Float %8.62%
Short Ratio5.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
Yearly Dividend1.63
Dividend Growth(5Y)8.42%
DP-11%
Div Incr Years15
Div Non Decr Years15
Ex-Date02-27 2026-02-27 (0.415)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-7.71%
Min EPS beat(2)-14%
Max EPS beat(2)-1.41%
EPS beat(4)0
Avg EPS beat(4)-10.68%
Min EPS beat(4)-16.19%
Max EPS beat(4)-1.41%
EPS beat(8)3
Avg EPS beat(8)2.68%
EPS beat(12)4
Avg EPS beat(12)8.78%
EPS beat(16)7
Avg EPS beat(16)7.88%
Revenue beat(2)0
Avg Revenue beat(2)-3.22%
Min Revenue beat(2)-4.93%
Max Revenue beat(2)-1.52%
Revenue beat(4)0
Avg Revenue beat(4)-3.97%
Min Revenue beat(4)-5.65%
Max Revenue beat(4)-1.52%
Revenue beat(8)0
Avg Revenue beat(8)-3.87%
Revenue beat(12)0
Avg Revenue beat(12)-3.47%
Revenue beat(16)2
Avg Revenue beat(16)-2.56%
PT rev (1m)0.46%
PT rev (3m)4.68%
EPS NQ rev (1m)-15.19%
EPS NQ rev (3m)-12.67%
EPS NY rev (1m)-1.12%
EPS NY rev (3m)-9.4%
Revenue NQ rev (1m)-1.32%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-0.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.1 | ||
| Fwd PE | 13.65 | ||
| P/S | 1.63 | ||
| P/FCF | 19.12 | ||
| P/OCF | 12.12 | ||
| P/B | 1.57 | ||
| P/tB | 4.73 | ||
| EV/EBITDA | 9.06 |
EPS(TTM)3.37
EY5.24%
EPS(NY)4.72
Fwd EY7.33%
FCF(TTM)3.37
FCFY5.23%
OCF(TTM)5.31
OCFY8.25%
SpS39.44
BVpS41.04
TBVpS13.61
PEG (NY)1.19
PEG (5Y)4.9
Graham Number55.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -15.29% | ||
| ROE | -36.79% | ||
| ROCE | 4.91% | ||
| ROIC | 3.88% | ||
| ROICexc | 4.19% | ||
| ROICexgc | 6.21% | ||
| OM | 11.3% | ||
| PM (TTM) | N/A | ||
| GM | 33.3% | ||
| FCFM | 8.53% |
ROA(3y)-4.11%
ROA(5y)1.18%
ROE(3y)-10.91%
ROE(5y)0.81%
ROIC(3y)3.45%
ROIC(5y)3.62%
ROICexc(3y)3.67%
ROICexc(5y)3.89%
ROICexgc(3y)6.18%
ROICexgc(5y)6.83%
ROCE(3y)4.36%
ROCE(5y)4.58%
ROICexgc growth 3Y-14.59%
ROICexgc growth 5Y4.26%
ROICexc growth 3Y-8.07%
ROICexc growth 5Y10.64%
OM growth 3Y-6.9%
OM growth 5Y5.35%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.33%
GM growth 5Y1.71%
F-Score5
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 9.01 | ||
| Debt/EBITDA | 3.17 | ||
| Cap/Depr | 38.03% | ||
| Cap/Sales | 4.93% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 55.48% | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.15 | ||
| Quick Ratio | 1.61 | ||
| Altman-Z | 2.12 |
F-Score5
WACC11.64%
ROIC/WACC0.33
Cap/Depr(3y)53.76%
Cap/Depr(5y)50.24%
Cap/Sales(3y)6.54%
Cap/Sales(5y)5.86%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.63%
EPS 3Y-16.05%
EPS 5Y3.9%
EPS Q2Q%-7.14%
EPS Next Y16.06%
EPS Next 2Y17.94%
EPS Next 3Y17.88%
EPS Next 5YN/A
Revenue 1Y (TTM)87.4%
Revenue growth 3Y-8.63%
Revenue growth 5Y-1.98%
Sales Q2Q%-4.69%
Revenue Next Year1.41%
Revenue Next 2Y2.57%
Revenue Next 3Y2.9%
Revenue Next 5YN/A
EBIT growth 1Y126.05%
EBIT growth 3Y-14.93%
EBIT growth 5Y3.26%
EBIT Next Year97.43%
EBIT Next 3Y32.59%
EBIT Next 5YN/A
FCF growth 1Y-50.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-50.71%
OCF growth 3YN/A
OCF growth 5Y-14.27%
ASHLAND INC / ASH FAQ
Can you provide the ChartMill fundamental rating for ASHLAND INC?
ChartMill assigns a fundamental rating of 5 / 10 to ASH.
What is the valuation status of ASHLAND INC (ASH) stock?
ChartMill assigns a valuation rating of 5 / 10 to ASHLAND INC (ASH). This can be considered as Fairly Valued.
Can you provide the profitability details for ASHLAND INC?
ASHLAND INC (ASH) has a profitability rating of 4 / 10.
Can you provide the PE and PB ratios for ASH stock?
The Price/Earnings (PE) ratio for ASHLAND INC (ASH) is 19.1 and the Price/Book (PB) ratio is 1.57.
Can you provide the financial health for ASH stock?
The financial health rating of ASHLAND INC (ASH) is 5 / 10.