ASHLAND INC (ASH) Fundamental Analysis & Valuation

NYSE:ASH • US0441861046

Current stock price

50.19 USD
+0.1 (+0.2%)
At close:
50.19 USD
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This ASH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. ASH Profitability Analysis

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.
ASH Yearly Net Income VS EBIT VS OCF VS FCFASH 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 2025 0 500M -500M

1.2 Ratios

  • The Return On Assets of ASH (-15.29%) is worse than 81.93% of its industry peers.
  • The Return On Equity of ASH (-36.79%) is worse than 79.52% of its industry peers.
  • With a Return On Invested Capital value of 3.88%, ASH perfoms like the industry average, outperforming 53.01% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ASH is below the industry average of 6.47%.
  • The 3 year average ROIC (3.45%) for ASH is below the current ROIC(3.88%), indicating increased profibility in the last year.
Industry RankSector 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%
ASH Yearly ROA, ROE, ROICASH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • ASH's Operating Margin of 11.30% is fine compared to the rest of the industry. ASH outperforms 60.24% of its industry peers.
  • 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 67.47% of the companies in the same industry.
  • In the last couple of years the Gross Margin of ASH has grown nicely.
Industry RankSector 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%
ASH Yearly Profit, Operating, Gross MarginsASH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

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5

2. ASH Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASH is destroying value.
  • The number of shares outstanding for ASH has been reduced compared to 1 year ago.
  • The number of shares outstanding for ASH has been reduced compared to 5 years ago.
  • ASH has a worse debt/assets ratio than last year.
ASH Yearly Shares OutstandingASH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
ASH Yearly Total Debt VS Total AssetsASH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • ASH has an Altman-Z score of 1.98. 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 (1.98) which is comparable to the rest of the 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.
  • Looking at the Debt to FCF ratio, with a value of 9.01, ASH is in the better half of the industry, outperforming 68.67% of the companies in the same industry.
  • 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 RankSector Rank
Debt/Equity 0.74
Debt/FCF 9.01
Altman-Z 1.98
ROIC/WACC0.51
WACC7.65%
ASH Yearly LT Debt VS Equity VS FCFASH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

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 85.54% of the companies in the same industry.
  • A Quick Ratio of 1.61 indicates that ASH should not have too much problems paying its short term obligations.
  • ASH has a better Quick ratio (1.61) than 67.47% of its industry peers.
Industry RankSector Rank
Current Ratio 3.15
Quick Ratio 1.61
ASH Yearly Current Assets VS Current LiabilitesASH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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4

3. ASH Growth Analysis

3.1 Past

  • The earnings per share for ASH have decreased strongly by -21.63% in the last year.
  • The Earnings Per Share has been growing slightly by 3.90% on average over the past years.
  • ASH shows a strong growth in Revenue. In the last year, the Revenue has grown by 87.40%.
  • ASH shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -1.98% yearly.
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 17.11% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 2.98% on average over the next years.
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.
ASH Yearly Revenue VS EstimatesASH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B 5B
ASH Yearly EPS VS EstimatesASH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2 4 6

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7

4. ASH Valuation Analysis

4.1 Price/Earnings Ratio

  • ASH is valuated correctly with a Price/Earnings ratio of 14.89.
  • 72.29% of the companies in the same industry are more expensive than ASH, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.73, ASH is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 10.46, which indicates a very decent valuation of ASH.
  • Based on the Price/Forward Earnings ratio, ASH is valued cheaply inside the industry as 87.95% of the companies are valued more expensively.
  • ASH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.72.
Industry RankSector Rank
PE 14.89
Fwd PE 10.46
ASH Price Earnings VS Forward Price EarningsASH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 84.34% 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 rather cheap valuation: ASH is cheaper than 80.72% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.91
EV/EBITDA 7.71
ASH Per share dataASH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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.
  • A more expensive valuation may be justified as ASH's earnings are expected to grow with 17.11% in the coming years.
PEG (NY)0.92
PEG (5Y)3.82
EPS Next 2Y18.99%
EPS Next 3Y17.11%

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

7

5. ASH Dividend Analysis

5.1 Amount

  • ASH has a Yearly Dividend Yield of 3.26%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.08, ASH pays a better dividend. On top of this ASH pays more dividend than 81.93% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, ASH pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.26%

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 their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.42%
Div Incr Years15
Div Non Decr Years15
ASH Yearly Dividends per shareASH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5

5.3 Sustainability

  • ASH has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of ASH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-11%
EPS Next 2Y18.99%
EPS Next 3Y17.11%
ASH Yearly Income VS Free CF VS DividendASH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

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ASH Fundamentals: All Metrics, Ratios and Statistics

ASHLAND INC

NYSE:ASH (3/19/2026, 8:04:00 PM)

After market: 50.19 0 (0%)

50.19

+0.1 (+0.2%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-02
Earnings (Next)04-28
Inst Owners102.87%
Inst Owner Change9.29%
Ins Owners0.59%
Ins Owner Change3.04%
Market Cap2.30B
Revenue(TTM)1.80B
Net Income(TTM)-691.00M
Analysts78.82
Price Target67.96 (35.41%)
Short Float %11.21%
Short Ratio7.5
Dividend
Industry RankSector Rank
Dividend Yield 3.26%
Yearly Dividend1.63
Dividend Growth(5Y)8.42%
DP-11%
Div Incr Years15
Div Non Decr Years15
Ex-Date02-27
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)-1.2%
EPS NQ rev (3m)-15.51%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-1.79%
Revenue NQ rev (1m)-0.2%
Revenue NQ rev (3m)-1.01%
Revenue NY rev (1m)-0.8%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 14.89
Fwd PE 10.46
P/S 1.27
P/FCF 14.91
P/OCF 9.45
P/B 1.22
P/tB 3.69
EV/EBITDA 7.71
EPS(TTM)3.37
EY6.71%
EPS(NY)4.8
Fwd EY9.56%
FCF(TTM)3.37
FCFY6.71%
OCF(TTM)5.31
OCFY10.58%
SpS39.44
BVpS41.04
TBVpS13.61
PEG (NY)0.92
PEG (5Y)3.82
Graham Number55.78
Profitability
Industry RankSector 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 RankSector 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 1.98
F-Score5
WACC7.65%
ROIC/WACC0.51
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 Fundamental Analysis 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 7 / 10 to ASHLAND INC (ASH). This can be considered as Undervalued.


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 14.89 and the Price/Book (PB) ratio is 1.22.


Can you provide the financial health for ASH stock?

The financial health rating of ASHLAND INC (ASH) is 5 / 10.