ASHLAND INC (ASH) Fundamental Analysis & Valuation
NYSE:ASH • US0441861046
54.24 USD
-0.63 (-1.15%)
At close: Mar 10, 2026
54.24 USD
0 (0%)
After Hours: 3/10/2026, 4:15:00 PM
This ASH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, ASH scores 5 out of 10 in our fundamental rating. ASH was compared to 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. ASH also has an excellent dividend rating.
1. ASH Profitability Analysis
1.1 Basic Checks
- ASH had positive earnings in the past year.
- In the past year ASH had a positive cash flow from operations.
- ASH had positive earnings in 4 of the past 5 years.
- Of the past 5 years ASH 4 years had a positive operating cash flow.
1.2 Ratios
- With a Return On Assets value of -15.29%, ASH is not doing good in the industry: 83.13% of the companies in the same industry are doing better.
- The Return On Equity of ASH (-36.79%) is worse than 79.52% 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 53.01% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ASH is below the industry average of 6.35%.
- The last Return On Invested Capital (3.88%) for ASH is above the 3 year average (3.45%), which is a sign of increasing profitability.
| 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
- Looking at the Operating Margin, with a value of 11.30%, ASH is in the better half of the industry, outperforming 60.24% of the companies in the same industry.
- ASH's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 33.30%, ASH is in the better half of the industry, outperforming 66.27% of the companies in the same industry.
- 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. ASH Health Analysis
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.
- Compared to 5 years ago, ASH has less shares outstanding
- ASH has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 2.03 indicates that ASH is not a great score, but indicates only limited risk for bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 2.03, ASH is in line with its industry, outperforming 53.01% of the companies in the same industry.
- 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 67.47% of its industry peers.
- ASH has a Debt/Equity ratio of 0.74. This is a neutral value indicating ASH is somewhat dependend on debt financing.
- ASH has a Debt to Equity ratio (0.74) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.74 | ||
| Debt/FCF | 9.01 | ||
| Altman-Z | 2.03 |
ROIC/WACC0.34
WACC11.3%
2.3 Liquidity
- A Current Ratio of 3.15 indicates that ASH has no problem at all paying its short term obligations.
- With an excellent Current ratio value of 3.15, ASH belongs to the best of the industry, outperforming 83.13% of the companies in the same industry.
- ASH has a Quick Ratio of 1.61. This is a normal value and indicates that ASH is financially healthy and should not expect problems in meeting 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. ASH Growth Analysis
3.1 Past
- The earnings per share for ASH have decreased strongly by -21.63% in the last year.
- 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
- ASH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.11% yearly.
- Based on estimates for the next years, ASH will show a small growth in Revenue. The Revenue will grow by 2.98% on average per year.
EPS Next Y16.13%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
EPS Next 5YN/A
Revenue Next Year1.41%
Revenue Next 2Y2.57%
Revenue Next 3Y2.98%
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 accelerating.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. ASH Valuation Analysis
4.1 Price/Earnings Ratio
- ASH is valuated correctly with a Price/Earnings ratio of 16.09.
- Based on the Price/Earnings ratio, ASH is valued a bit cheaper than 69.88% of the companies in the same industry.
- ASH is valuated rather cheaply when we compare the Price/Earnings ratio to 26.45, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 11.30, which indicates a very decent valuation of ASH.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of ASH indicates a rather cheap valuation: ASH is cheaper than 81.93% of the companies listed in the same industry.
- ASH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.65.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.09 | ||
| Fwd PE | 11.3 |
4.2 Price Multiples
- 75.90% of the companies in the same industry are more expensive than ASH, based on the Enterprise Value to EBITDA ratio.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of ASH indicates a somewhat cheap valuation: ASH is cheaper than 79.52% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.12 | ||
| EV/EBITDA | 8.21 |
4.3 Compensation for Growth
- ASH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- A more expensive valuation may be justified as ASH's earnings are expected to grow with 17.11% in the coming years.
PEG (NY)1
PEG (5Y)4.13
EPS Next 2Y18.99%
EPS Next 3Y17.11%
5. ASH Dividend Analysis
5.1 Amount
- ASH has a Yearly Dividend Yield of 2.89%. Purely for dividend investing, there may be better candidates out there.
- ASH's Dividend Yield is a higher than the industry average which is at 2.09.
- Compared to an average S&P500 Dividend Yield of 1.82, ASH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
5.2 History
- The dividend of ASH is nicely growing with an annual growth rate of 8.42%!
- 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
- The earnings of ASH are negative and hence is the payout ratio. ASH will probably not be able to sustain this dividend level.
- ASH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-11%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
ASH Fundamentals: All Metrics, Ratios and Statistics
54.24
-0.63 (-1.15%)
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 Owners102.87%
Inst Owner Change9.33%
Ins Owners0.59%
Ins Owner Change3.04%
Market Cap2.48B
Revenue(TTM)1.80B
Net Income(TTM)-691.00M
Analysts78.82
Price Target67.96 (25.29%)
Short Float %9.33%
Short Ratio6.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.89% |
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)2.62%
PT rev (3m)9%
EPS NQ rev (1m)-13.89%
EPS NQ rev (3m)-15.51%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-1.79%
Revenue NQ rev (1m)-1.52%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-0.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.09 | ||
| Fwd PE | 11.3 | ||
| P/S | 1.38 | ||
| P/FCF | 16.12 | ||
| P/OCF | 10.21 | ||
| P/B | 1.32 | ||
| P/tB | 3.98 | ||
| EV/EBITDA | 8.21 |
EPS(TTM)3.37
EY6.21%
EPS(NY)4.8
Fwd EY8.85%
FCF(TTM)3.37
FCFY6.2%
OCF(TTM)5.31
OCFY9.79%
SpS39.44
BVpS41.04
TBVpS13.61
PEG (NY)1
PEG (5Y)4.13
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 | 2.03 |
F-Score5
WACC11.3%
ROIC/WACC0.34
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 Y16.13%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
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 3Y2.98%
Revenue Next 5YN/A
EBIT growth 1Y126.05%
EBIT growth 3Y-14.93%
EBIT growth 5Y3.26%
EBIT Next Year93.45%
EBIT Next 3Y31.77%
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 6 / 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 16.09 and the Price/Book (PB) ratio is 1.32.
Can you provide the financial health for ASH stock?
The financial health rating of ASHLAND INC (ASH) is 5 / 10.