(ASC) Ardmore Shpng - Overview
Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 803m USD | Total Return: 94.6% in 12m
Avg Turnover: 12.5M
EPS Trend: -87.4%
Qual. Beats: 1
Rev. Trend: -89.1%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
Rs Leader, Tailwind, Pullback 52w, Confidence
Ardmore Shipping Corporation (NYSE: ASC) operates a fleet of 26 vessels dedicated to the global seaborne transportation of refined petroleum products and chemicals. The company’s operational model focuses on Eco-design vessels, which are engineered to optimize fuel efficiency and reduce emissions compared to standard tanker designs. Its client base includes major integrated oil companies, national oil entities, and global chemical distributors.
The product tanker sector is characterized by high cyclicality and is heavily influenced by regional imbalances in refinery capacity and global trade flows. Unlike crude tankers, product tankers carry refined fuels such as gasoline, diesel, and jet fuel, which often require specialized tank coatings to prevent contamination. For a deeper look into the companys valuation metrics and historical performance, consider reviewing the detailed data available on ValueRay.
Founded in 2010 and headquartered in Bermuda, Ardmore Shipping maintains a strategic position within the GICS Oil & Gas Storage & Transportation sub-industry. The company utilizes a mix of owned assets and chartered-in vessels to manage capacity and serve global pooling service providers.
- Fluctuating MR tanker spot rates impact quarterly revenue and cash flow
- Global geopolitical tensions lengthen shipping routes increasing ton-mile demand
- Vessel operating expenses and fuel costs dictate net profit margins
- IMO carbon intensity regulations necessitate ongoing fleet modernization capital expenditures
- Global demand for refined petroleum products drives vessel utilization levels
| Net Income: 58.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.05 > 0.02 and ΔFCF/TA -17.33 > 1.0 |
| NWC/Revenue: 35.84% < 20% (prev 22.52%; Δ 13.31% < -1%) |
| CFO/TA 0.11 > 3% & CFO 87.3m > Net Income 58.3m |
| Net Debt (59.6m) to EBITDA (105.8m): 0.56 < 3 |
| Current Ratio: 4.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.9m) vs 12m ago 0.58% < -2% |
| Gross Margin: 30.99% > 18% (prev 0.38%; Δ 3.06k% > 0.5%) |
| Asset Turnover: 43.80% > 50% (prev 54.09%; Δ -10.30% > 0%) |
| Interest Coverage Ratio: 9.01 > 6 (EBITDA TTM 105.8m / Interest Expense TTM 7.27m) |
| A: 0.15 (Total Current Assets 146.2m - Total Current Liabilities 30.0m) / Total Assets 789.6m |
| B: 0.26 (Retained Earnings 208.7m / Total Assets 789.6m) |
| C: 0.09 (EBIT TTM 65.5m / Avg Total Assets 740.0m) |
| D: 1.55 (Book Value of Equity 209.2m / Total Liabilities 134.8m) |
| Altman-Z'' = 4.05 = AA |
| DSRI: 1.27 (Receivables 52.8m/47.7m, Revenue 324.1m/373.5m) |
| GMI: 1.22 (GM 30.99% / 37.90%) |
| AQI: 1.20 (AQ_t 0.04 / AQ_t-1 0.04) |
| SGI: 0.87 (Revenue 324.1m / 373.5m) |
| TATA: -0.04 (NI 58.3m - CFO 87.3m) / TA 789.6m) |
| Beneish M = -2.61 (Cap -4..+1) = A |
As of May 26, 2026, the stock is trading at USD 18.83 with a total of 612,300 shares traded.
Over the past week, the price has changed by -0.53%,
over one month by +10.90%,
over three months by +21.39% and
over the past year by +94.63%.
Ardmore Shpng has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy ASC.
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20.2 | 7% |
P/E Trailing = 14.9091
P/E Forward = 3.3852
P/S = 2.4775
P/B = 1.174
P/EG = -6.04
Revenue TTM = 324.1m USD
EBIT TTM = 65.5m USD
EBITDA TTM = 105.8m USD
Long Term Debt = 103.4m USD (from longTermDebt, last quarter)
Short Term Debt = 585k USD (from shortTermDebt, last quarter)
Debt = 106.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 1.75m
Net Debt = 59.6m USD (calculated: Debt 106.9m - CCE 47.2m)
Enterprise Value = 862.6m USD (803.0m + Debt 106.9m - CCE 47.2m)
Interest Coverage Ratio = 9.01 (Ebit TTM 65.5m / Interest Expense TTM 7.27m)
EV/FCF = -23.34x (Enterprise Value 862.6m / FCF TTM -37.0m)
FCF Yield = -4.28% (FCF TTM -37.0m / Enterprise Value 862.6m)
FCF Margin = -11.40% (FCF TTM -37.0m / Revenue TTM 324.1m)
Net Margin = 18.00% (Net Income TTM 58.3m / Revenue TTM 324.1m)
Gross Margin = 30.99% ((Revenue TTM 324.1m - Cost of Revenue TTM 223.7m) / Revenue TTM)
Gross Margin QoQ = 36.40% (prev 36.74%)
Tobins Q-Ratio = 1.09 (Enterprise Value 862.6m / Total Assets 789.6m)
Interest Expense / Debt = 6.80% (Interest Expense 7.27m / Debt 106.9m)
Taxrate = 0.23% (55.0k / 23.6m)
NOPAT = 65.3m (EBIT 65.5m * (1 - 0.23%))
Current Ratio = 4.87 (Total Current Assets 146.2m / Total Current Liabilities 30.0m)
Debt / Equity = 0.16 (Debt 106.9m / totalStockholderEquity, last quarter 654.8m)
Debt / EBITDA = 0.56 (Net Debt 59.6m / EBITDA 105.8m)
Debt / FCF = -1.61 (negative FCF - burning cash) (Net Debt 59.6m / FCF TTM -37.0m)
Total Stockholder Equity = 647.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.88% (Net Income 58.3m / Total Assets 789.6m)
RoE = 9.01% (Net Income TTM 58.3m / Total Stockholder Equity 647.8m)
RoCE = 8.72% (EBIT 65.5m / Capital Employed (Equity 647.8m + L.T.Debt 103.4m))
RoIC = 9.17% (NOPAT 65.3m / Invested Capital 712.9m)
WACC = 7.05% (E(803.0m)/V(909.8m) * Re(7.09%) + D(106.9m)/V(909.8m) * Rd(6.80%) * (1-Tc(0.00)))
Discount Rate = 7.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -33.33 | Cagr: -1.02%
[DCF] Fair Price = unknown (Cash Flow -37.0m)
EPS Correlation: -87.44 | EPS CAGR: -40.69% | SUE: 3.74 | # QB: 1
Revenue Correlation: -89.10 | Revenue CAGR: -13.42% | SUE: 0.61 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.33 | Chg30d=+329.03% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.10 | Chg30d=+307.41% | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=3.22 | Chg30d=+250.00% | Revisions=+33% | GrowthEPS=+238.9% | GrowthRev=+42.0%
EPS next Year (2027-12-31): EPS=0.85 | Chg30d=+56.88% | Revisions=+0% | GrowthEPS=-73.5% | GrowthRev=-36.6%
[Analyst] Revisions Ratio: +33%