ASHLAND INC (ASH) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:ASH • US0441861046
61.08 USD
-0.48 (-0.78%)
At close: Feb 3, 2026
61.08 USD
0 (0%)
After Hours: 2/3/2026, 4:15:00 PM
Overall ASH gets a fundamental rating of 4 out of 10. We evaluated ASH 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 valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year ASH was profitable.
- 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 -18.30%, ASH is not doing good in the industry: 85.54% of the companies in the same industry are doing better.
- ASH's Return On Equity of -44.33% is on the low side compared to the rest of the industry. ASH is outperformed by 79.52% of its industry peers.
- ASH has a Return On Invested Capital (3.77%) which is in line with its industry peers.
- The Average Return On Invested Capital over the past 3 years for ASH is below the industry average of 6.11%.
- The 3 year average ROIC (3.45%) for ASH is below the current ROIC(3.77%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.3% | ||
| ROE | -44.33% | ||
| ROIC | 3.77% |
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
- ASH has a better Operating Margin (10.96%) than 61.45% of its industry peers.
- ASH's Operating Margin has improved in the last couple of years.
- With a decent Gross Margin value of 33.00%, ASH is doing good in the industry, outperforming 65.06% 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 | 10.96% | ||
| PM (TTM) | N/A | ||
| GM | 33% |
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
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ASH is destroying value.
- Compared to 1 year ago, ASH has less shares outstanding
- Compared to 5 years ago, ASH has less shares outstanding
- The debt/assets ratio for ASH is higher compared to a year ago.
2.2 Solvency
- ASH has an Altman-Z score of 2.06. 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 2.06. This is comparable to the rest of the industry: ASH outperforms 57.83% of its industry peers.
- A Debt/Equity ratio of 0.73 indicates that ASH is somewhat dependend on debt financing.
- ASH has a Debt to Equity ratio of 0.73. This is comparable to the rest of the industry: ASH outperforms 46.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.06 |
ROIC/WACC0.32
WACC11.69%
2.3 Liquidity
- A Current Ratio of 2.85 indicates that ASH has no problem at all paying its short term obligations.
- ASH has a better Current ratio (2.85) than 80.72% of its industry peers.
- A Quick Ratio of 1.51 indicates that ASH should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.51, ASH is in the better half of the industry, outperforming 61.45% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.85 | ||
| Quick Ratio | 1.51 |
3. Growth
3.1 Past
- The earnings per share for ASH have decreased strongly by -21.63% in the last year.
- Measured over the past 5 years, ASH shows a small growth in Earnings Per Share. The EPS has been growing by 3.90% on average per year.
- ASH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.68%.
- 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)-13.68%
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 3.00% yearly.
EPS Next Y17.38%
EPS Next 2Y18.07%
EPS Next 3Y17.88%
EPS Next 5YN/A
Revenue Next Year2.22%
Revenue Next 2Y2.89%
Revenue Next 3Y3%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 18.12, the valuation of ASH can be described as rather expensive.
- Based on the Price/Earnings ratio, ASH is valued a bit cheaper than the industry average as 60.24% of the companies are valued more expensively.
- ASH is valuated rather cheaply when we compare the Price/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
- A Price/Forward Earnings ratio of 12.93 indicates a correct valuation of ASH.
- 73.49% of the companies in the same industry are more expensive than ASH, based on the Price/Forward Earnings ratio.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, ASH is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.12 | ||
| Fwd PE | 12.93 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ASH is valued a bit cheaper than 66.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.12 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- A more expensive valuation may be justified as ASH's earnings are expected to grow with 17.88% in the coming years.
PEG (NY)1.04
PEG (5Y)4.65
EPS Next 2Y18.07%
EPS Next 3Y17.88%
5. Dividend
5.1 Amount
- ASH has a Yearly Dividend Yield of 2.71%.
- Compared to an average industry Dividend Yield of 2.27, ASH pays a bit more dividend than its industry peers.
- ASH's Dividend Yield is a higher than the S&P500 average which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
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-9%
EPS Next 2Y18.07%
EPS Next 3Y17.88%
61.08
-0.48 (-0.78%)
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 Change-0.8%
Ins Owners0.58%
Ins Owner Change3.04%
Market Cap2.79B
Revenue(TTM)1.82B
Net Income(TTM)-844.00M
Analysts78.82
Price Target65.92 (7.92%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
Yearly Dividend1.63
Dividend Growth(5Y)8.42%
DP-9%
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)-15.1%
Min EPS beat(2)-16.19%
Max EPS beat(2)-14%
EPS beat(4)1
Avg EPS beat(4)3.45%
Min EPS beat(4)-16.19%
Max EPS beat(4)55.09%
EPS beat(8)4
Avg EPS beat(8)19%
EPS beat(12)4
Avg EPS beat(12)8.65%
EPS beat(16)7
Avg EPS beat(16)7.96%
Revenue beat(2)0
Avg Revenue beat(2)-2.64%
Min Revenue beat(2)-3.77%
Max Revenue beat(2)-1.52%
Revenue beat(4)0
Avg Revenue beat(4)-4.36%
Min Revenue beat(4)-6.51%
Max Revenue beat(4)-1.52%
Revenue beat(8)0
Avg Revenue beat(8)-3.5%
Revenue beat(12)0
Avg Revenue beat(12)-3.26%
Revenue beat(16)2
Avg Revenue beat(16)-2.36%
PT rev (1m)2.38%
PT rev (3m)3.69%
EPS NQ rev (1m)-1.26%
EPS NQ rev (3m)-29.7%
EPS NY rev (1m)0.09%
EPS NY rev (3m)-8.82%
Revenue NQ rev (1m)0.17%
Revenue NQ rev (3m)-1.63%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.12 | ||
| Fwd PE | 12.93 | ||
| P/S | 1.53 | ||
| P/FCF | N/A | ||
| P/OCF | 29.71 | ||
| P/B | 1.47 | ||
| P/tB | 4.39 | ||
| EV/EBITDA | 9.12 |
EPS(TTM)3.37
EY5.52%
EPS(NY)4.73
Fwd EY7.74%
FCF(TTM)-0.09
FCFYN/A
OCF(TTM)2.06
OCFY3.37%
SpS39.9
BVpS41.64
TBVpS13.91
PEG (NY)1.04
PEG (5Y)4.65
Graham Number56.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -18.3% | ||
| ROE | -44.33% | ||
| ROCE | 4.78% | ||
| ROIC | 3.77% | ||
| ROICexc | 3.98% | ||
| ROICexgc | 5.84% | ||
| OM | 10.96% | ||
| PM (TTM) | N/A | ||
| GM | 33% | ||
| FCFM | N/A |
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-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.17 | ||
| Cap/Depr | 41.35% | ||
| Cap/Sales | 5.37% | ||
| Interest Coverage | 3.7 | ||
| Cash Conversion | 21.51% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.85 | ||
| Quick Ratio | 1.51 | ||
| Altman-Z | 2.06 |
F-Score6
WACC11.69%
ROIC/WACC0.32
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 Y17.38%
EPS Next 2Y18.07%
EPS Next 3Y17.88%
EPS Next 5YN/A
Revenue 1Y (TTM)-13.68%
Revenue growth 3Y-8.63%
Revenue growth 5Y-1.98%
Sales Q2Q%-4.69%
Revenue Next Year2.22%
Revenue Next 2Y2.89%
Revenue Next 3Y3%
Revenue Next 5YN/A
EBIT growth 1Y107.8%
EBIT growth 3Y-14.93%
EBIT growth 5Y3.26%
EBIT Next Year97.43%
EBIT Next 3Y32.59%
EBIT Next 5YN/A
FCF growth 1Y-101.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-77.13%
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 4 / 10 to ASH.
What is the valuation status of ASHLAND INC (ASH) stock?
ChartMill assigns a valuation rating of 4 / 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 18.12 and the Price/Book (PB) ratio is 1.47.
Can you provide the financial health for ASH stock?
The financial health rating of ASHLAND INC (ASH) is 5 / 10.