ASHLAND INC (ASH) Fundamental Analysis & Valuation

NYSE:ASH • US0441861046

Current stock price

50.81 USD
+0.89 (+1.78%)
At close:
50.81 USD
0 (0%)
After Hours:

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

  • In the past year ASH was profitable.
  • In the past year ASH had a positive cash flow from operations.
  • Of the past 5 years ASH 4 years were profitable.
  • Of the past 5 years ASH 4 years had a positive operating cash flow.
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

  • With a Return On Assets value of -15.29%, ASH is not doing good in the industry: 81.93% of the companies in the same industry are doing better.
  • Looking at the Return On Equity, with a value of -36.79%, ASH is doing worse than 79.52% of the companies in the same industry.
  • ASH has a Return On Invested Capital (3.88%) 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 6.51%.
  • 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 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 has a Operating Margin of 11.30%. This is in the better half of the industry: ASH outperforms 61.45% of its industry peers.
  • ASH's Operating Margin has improved in the last couple of years.
  • The Gross Margin of ASH (33.30%) is better than 67.47% of its industry peers.
  • 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ASH is destroying value.
  • Compared to 1 year ago, ASH has less shares outstanding
  • ASH has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ASH has a worse debt to assets ratio.
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

  • An Altman-Z score of 1.98 indicates that ASH is not a great score, but indicates 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.
  • ASH has a better Debt to FCF ratio (9.01) than 68.67% of its industry peers.
  • A Debt/Equity ratio of 0.74 indicates that ASH is somewhat dependend on debt financing.
  • The Debt to Equity ratio of ASH (0.74) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.74
Debt/FCF 9.01
Altman-Z 1.98
ROIC/WACC0.35
WACC11.19%
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

  • 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.
  • The Current ratio of ASH (3.15) is better than 83.13% of its industry peers.
  • 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 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ASH Growth Analysis

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.
  • Looking at the last year, ASH shows a very strong growth in Revenue. The Revenue has grown by 87.40%.
  • Measured over the past years, ASH shows a decrease in Revenue. The Revenue has been decreasing by -1.98% on average per year.
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

  • Based on estimates for the next years, ASH will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.11% on average per year.
  • 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 15.08.
  • Based on the Price/Earnings ratio, ASH is valued a bit cheaper than the industry average as 72.29% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 25.50, ASH is valued a bit cheaper.
  • ASH is valuated reasonably with a Price/Forward Earnings ratio of 10.59.
  • ASH's Price/Forward Earnings ratio is rather cheap when compared to the industry. ASH is cheaper than 87.95% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.67. ASH is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.08
Fwd PE 10.59
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

  • 80.72% of the companies in the same industry are more expensive than ASH, based on the Enterprise Value to EBITDA ratio.
  • 80.72% of the companies in the same industry are more expensive than ASH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 15.1
EV/EBITDA 7.69
ASH Per share dataASH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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.
  • ASH's earnings are expected to grow with 17.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.93
PEG (5Y)3.87
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 3.31%.
  • ASH's Dividend Yield is a higher than the industry average which is at 2.12.
  • Compared to an average S&P500 Dividend Yield of 1.89, ASH pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.31%

5.2 History

  • On average, the dividend of ASH grows each year by 8.42%, which is quite nice.
  • ASH has paid a dividend for at least 10 years, which is 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.
  • 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 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 (3/24/2026, 8:14:30 PM)

After market: 50.81 0 (0%)

50.81

+0.89 (+1.78%)

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 Change3.05%
Market Cap2.33B
Revenue(TTM)1.80B
Net Income(TTM)-691.00M
Analysts78.82
Price Target67.96 (33.75%)
Short Float %11.21%
Short Ratio7.5
Dividend
Industry RankSector Rank
Dividend Yield 3.31%
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)0%
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%
Revenue NY rev (3m)-0.74%
Valuation
Industry RankSector Rank
PE 15.08
Fwd PE 10.59
P/S 1.29
P/FCF 15.1
P/OCF 9.57
P/B 1.24
P/tB 3.73
EV/EBITDA 7.69
EPS(TTM)3.37
EY6.63%
EPS(NY)4.8
Fwd EY9.45%
FCF(TTM)3.37
FCFY6.62%
OCF(TTM)5.31
OCFY10.45%
SpS39.44
BVpS41.04
TBVpS13.61
PEG (NY)0.93
PEG (5Y)3.87
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
WACC11.19%
ROIC/WACC0.35
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 15.08 and the Price/Book (PB) ratio is 1.24.


Can you provide the financial health for ASH stock?

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