A Business at a Glance
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Ardmore Shipping Corp
ASC
$681M
Mkt Cap
$16.61
+0.18%
Ardmore Shipping Corp (ASC) has a current P/E ratio of 5.4, compared to its historical median P/E of 4.3. The stock is currently considered Fair based on its historical valuation range.
Ardmore Shipping Corp (ASC) has a 5-year average return on invested capital (ROIC) of 14.0%. This indicates solid capital allocation.
Ardmore Shipping Corp (ASC) has a market capitalization of $681M. It is classified as a small-cap stock.
Yes, Ardmore Shipping Corp (ASC) pays a dividend with a trailing twelve-month yield of 1.79%.
Based on historical P/E analysis, Ardmore Shipping Corp (ASC) appears fair. The current P/E of 5.4 is 26% above its historical median of 4.3. The estimated fair value CAGR (P/E method) is 31.0%.
Ardmore Shipping Corp (ASC) operates in the Deep Sea Foreign Transportation Of Freight industry, within the Industrials sector.
Ardmore Shipping Corp (ASC) reported annual revenue of $310 million in its most recent fiscal year, based on SEC EDGAR filings.
Ardmore Shipping Corp operates in the Deep Sea Foreign Transportation Of Freight industry, Industrials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 310M | 310M | 406M | 396M | 446M | 192M |
| Net Income | 36M | 36M | 129M | 113M | 135M | -38M |
| EPS | $0.88 | $0.88 | $3.06 | $2.71 | $3.52 | $-1.12 |
| Free Cash Flow | 82M | 82M | 160M | 160M | 124M | -2.9M |
| ROIC | 5.9% | 6.4% | 20.8% | 19.6% | 31.3% | -8.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.20 | 0.20 | 0.07 | 0.39 | 0.34 | 0.50 |
| Dividends/Share | $0.30 | $0.30 | $1.07 | $1.13 | $0.09 | $0.02 |
| Operating Income | 42M | 42M | 136M | 125M | 151M | -22M |
| Operating Margin | 13.7% | 13.7% | 33.4% | 31.6% | 33.8% | -11.3% |
| ROE | 5.7% | 5.8% | 22.5% | 22.5% | 35.5% | -12.4% |
| Shares Outstanding | 41M | 41M | 42M | 42M | 38M | 34M |
| Metric | 2014 | 2015 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 67M | 158M | 164M | 196M | 210M | 230M | 220M | 192M | 446M | 396M | 406M | 310M | 310M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 8.2M | 0 | 0 | 0 | 13M | 323K | 15M | 16M | 815K | 815K | 23M | 20M | 20M |
| EBIT | 5.8M | 44M | 24M | 8.5M | -9.6M | 4.0M | 12M | -22M | 151M | 125M | 136M | 42M | 42M |
| Op. Margin | 8.6% | 28.1% | 14.6% | 4.3% | -4.6% | 1.7% | 5.6% | -11.3% | 33.8% | 31.6% | 33.4% | 13.7% | 13.7% |
| Net Income | 1.7M | 32M | 3.7M | -12M | -43M | -23M | -6.0M | -38M | 135M | 113M | 129M | 36M | 36M |
| Net Margin | 2.5% | 20.2% | 2.3% | -6.4% | -20.4% | -9.9% | -2.7% | -19.8% | 30.3% | 28.6% | 31.7% | 11.6% | 11.6% |
| Non-Recurring | 0 | 0 | -2.6M | 0 | 0 | -13M | 0 | 0 | -6.9M | -6.9M | 12M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 1.6% | 7.6% | 3.2% | 1.1% | -1.5% | 0.8% | 2.6% | -8.2% | 31.3% | 19.6% | 20.8% | 6.4% | 5.9% |
| ROE | 0.6% | 9.5% | 1.0% | -3.2% | -11.8% | -6.8% | -1.9% | -12.4% | 35.5% | 22.5% | 22.5% | 5.8% | 5.7% |
| ROA | 0.4% | 4.8% | 0.5% | -1.4% | -5.1% | -2.8% | -0.8% | -5.2% | 18.6% | 16.0% | 18.4% | 4.8% | 4.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 12M | 38M | 43M | 18M | 9.4M | 20M | 46M | -2.9M | 124M | 160M | 160M | 82M | 82M |
| Free Cash Flow | 12M | 38M | 42M | 18M | 9.4M | 18M | 46M | -2.9M | 124M | 160M | 160M | 82M | 82M |
| Owner Earnings | -25M | -23M | -35M | -16M | -27M | -14M | 11M | -37M | 92M | 129M | 126M | 45M | 45M |
| CapEx | 0 | 0 | 531K | 12K | 52K | 2.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Maint. CapEx | 36M | 60M | 76M | 34M | 35M | 32M | 32M | 32M | 29M | 28M | 30M | 34M | 34M |
| Growth CapEx | N/A | N/A | 0 | 0 | 0 | 0 | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| D&A | 36M | 60M | 76M | 34M | 35M | 32M | 32M | 32M | 29M | 28M | 30M | 34M | 34M |
| CapEx/OCF | N/A | N/A | 1.2% | 0.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 9.6M | 13M | 9.3M | 0 | 0 | 0 | 1.7M | 792K | 3.3M | 47M | 45M | 12M | 12M |
| Dividend Yield | 4.3% | 5.4% | 4.5% | N/A | N/A | N/A | 1.2% | 0.7% | 1.2% | 9.2% | 6.6% | N/A | 1.8% |
| Share Buybacks | 1.3M | 0 | 3.0M | 11M | 0 | 0 | 287K | 0 | 0 | 0 | 18M | 0 | 0 |
| Buyback Yield | 0.6% | N/A | 1.5% | 4.9% | N/A | N/A | 0.3% | N/A | N/A | N/A | 3.6% | 0.0% | 0.0% |
| Stock-Based Comp | 1.4M | 1.4M | 1.3M | 457K | 1.6M | 2.3M | 3.0M | 2.6M | 3.1M | 3.2M | 4.6M | 2.8M | 2.8M |
| Debt Repayment | 13M | 25M | 42M | 63M | 184M | 222M | 18M | 67M | 148M | 84M | 1.7M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 137M | 349M | 397M | 365M | 173M | 156M | 154M | 91M | 111M | 165M | -2.8M | 82M | 82M |
| Cash & Equiv. | 60M | 39M | 56M | 39M | 57M | 52M | 58M | 55M | 51M | 47M | 47M | 47M | 47M |
| Long-Term Debt | 179M | 361M | 411M | 367M | 206M | 187M | 188M | 130M | 116M | 40M | 39M | 127M | 127M |
| Debt/Equity | 0.60 | 1.12 | 1.12 | 1.06 | 0.66 | 0.64 | 0.66 | 0.50 | 0.34 | 0.39 | 0.07 | 0.20 | 0.20 |
| Interest Coverage | 1.4 | 3.6 | 1.4 | 0.4 | -0.4 | 0.1 | 0.7 | -1.3 | 9.7 | 11.0 | 20.0 | 6.9 | 6.9 |
| Equity | 327M | 348M | 404M | 381M | 347M | 326M | 320M | 292M | 469M | 537M | 608M | 634M | 634M |
| Total Assets | 562M | 778M | 884M | 846M | 845M | 772M | 752M | 725M | 724M | 691M | 705M | 789M | 789M |
| Total Liabilities | 30M | 69M | 59M | 465M | 498M | 446M | 432M | 396M | 217M | 117M | 69M | 154M | 154M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -11M | 10M | 2.9M | -9.6M | -53M | -76M | -82M | -120M | 15M | 81M | 165M | 189M | 189M |
| Working Capital | 43M | 46M | 35M | 26M | 34M | 38M | 40M | 36M | 105M | 93M | 97M | 86M | 86M |
| Current Assets | 72M | 115M | 94M | 84M | 109M | 98M | 103M | 94M | 158M | 127M | 127M | 112M | 112M |
| Current Liabilities | 30M | 69M | 59M | 58M | 76M | 60M | 63M | 59M | 53M | 34M | 30M | 26M | 26M |
| Per Share Data | |||||||||||||
| EPS | 0.07 | 1.23 | 0.12 | -0.37 | -1.31 | -0.69 | -0.18 | -1.12 | 3.52 | 2.71 | 3.06 | 0.88 | 0.88 |
| Owner EPS | -1.04 | -0.90 | -1.12 | -0.48 | -0.83 | -0.43 | 0.32 | -1.09 | 2.39 | 3.07 | 2.99 | 1.10 | 1.10 |
| Book Value | 13.79 | 13.38 | 12.94 | 11.29 | 10.57 | 9.84 | 9.54 | 8.59 | 12.23 | 12.84 | 14.46 | 15.48 | 15.48 |
| Cash Flow/Share | 0.52 | 1.45 | 1.37 | 0.55 | 0.29 | 0.62 | 1.37 | -0.08 | 3.24 | 3.81 | 3.82 | 1.99 | 1.71 |
| Dividends/Share | 0.41 | 0.50 | 0.30 | 0.00 | 0.00 | 0.00 | 0.05 | 0.02 | 0.09 | 1.13 | 1.07 | 0.30 | 0.30 |
| Shares Out. | 23.7M | 26.0M | 31.2M | 33.8M | 32.8M | 33.1M | 33.6M | 34.0M | 38.4M | 41.8M | 42.0M | 41.0M | 41.0M |
| Valuation | |||||||||||||
| P/E Ratio | 127.7 | 7.9 | 52.0 | N/A | N/A | N/A | N/A | N/A | 3.3 | 4.8 | 3.8 | N/A | 18.9 |
| P/FCF | 17.1 | 6.7 | 4.6 | 12.5 | 13.2 | 13.8 | 2.0 | N/A | 3.6 | 3.4 | 3.1 | N/A | 8.3 |
| EV/EBIT | 60.0 | 13.6 | 24.7 | 70.0 | N/A | 101.8 | 19.9 | N/A | 3.5 | 4.3 | 3.6 | N/A | 18.0 |
| Price/Book | 0.6 | 0.7 | 0.5 | 0.6 | 0.4 | 0.8 | N/A | 0.3 | 1.0 | 1.0 | 0.8 | N/A | 1.1 |
| Price/Sales | 3.4 | 1.5 | 1.3 | 1.1 | 1.0 | 0.8 | 0.6 | 0.6 | 0.6 | 1.3 | 1.7 | N/A | 2.2 |
| FCF Yield | 5.9% | 14.9% | 21.6% | 8.0% | 7.6% | 7.2% | 49.6% | -2.9% | 27.6% | 29.4% | 32.5% | N/A | 12.0% |
| Market Cap | 212M | 252M | 195M | 231M | 124M | 247M | 93M | 98M | 449M | 544M | 494M | 0 | 681M |
| Avg. Price | 9.52 | 9.30 | 6.60 | 6.57 | 6.11 | 5.85 | 3.96 | 3.34 | 6.89 | 12.29 | 16.21 | 0.00 | 16.61 |
| Year-End Price | 8.94 | 9.71 | 6.24 | 6.83 | 3.78 | 7.46 | 2.76 | 2.88 | 11.71 | 12.99 | 11.75 | 0.00 | 16.61 |
Ardmore Shipping Corp passes 3 of 9 quality checks, indicating weak fundamentals.
Ardmore Shipping Corp trades at 5.4x trailing earnings, compared to its 15-year median P/E of 4.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 4.4x vs a median of 4.1x. The company's 5-year average ROIC is 14.0%. Total shareholder yield (dividends) is 1.8%. At current prices, the estimated annualized return to fair value is +42.5%.
Ardmore Shipping Corp (ASC) has a net profit margin of 11.6%. This is a healthy margin.
Ardmore Shipping Corp (ASC) generated $82 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ardmore Shipping Corp (ASC) has a debt-to-equity ratio of 0.20. This indicates a conservatively financed balance sheet.
Ardmore Shipping Corp (ASC) reported earnings per share (EPS) of $0.88 in its most recent fiscal year.
Ardmore Shipping Corp (ASC) has a return on equity (ROE) of 5.8%. This indicates moderate shareholder returns.
The Ledger Terminal provides 15 years of financial data for Ardmore Shipping Corp (ASC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ardmore Shipping Corp (ASC) has a book value per share of $15.48, based on its most recent annual SEC filing.
No recent press releases.