ASC Stock Analysis: Ardmore Shpng | NYSE
Marine Shipping | NYSE, USA | Market Cap: 621m USD | 12M Return: 67.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.6M
EPS Trend: -87.4%
Qual. Beats: 1
Rev. Trend: -89.1%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ardmore Shipping Corporation (ASC) is a Bermuda-based, small-cap energy company that operates a fleet of 26 vessels engaged in the global seaborne transportation of petroleum products and chemicals. Its fleet is composed of 25 owned Eco-design vessels and one chartered-in vessel, serving a customer base that includes oil majors, national oil companies, oil and chemical traders, chemical companies, and pooling service providers. Founded in 2010 and listed on the NYSE since August 2013, ASC is classified within the Oil & Gas Storage & Transportation sub-industry.
The tanker industry in which Ardmore operates is part of the broader global shipping value chain, where companies generate revenue primarily through time charters and voyage charters paid by cargo owners. Demand for product tankers is closely tied to global refined product trade flows, refinery throughput, and shifts in oil consumption patterns, while fleet supply is influenced by newbuild deliveries and environmental regulations such as IMO emissions standards, which favor newer Eco-design tonnage like Ardmores owned fleet.
- Product tanker rates climb on Red Sea route diversions
- Eco-design fleet earns premium amid tightening IMO emissions rules
- Capital returns continue through dividends and opportunistic share buybacks
| 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 (105.9m): 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 37.90%; Δ -6.91% > 0.5%) |
| Asset Turnover: 43.80% > 50% (prev 54.09%; Δ -10.30% > 0%) |
| Interest Coverage Ratio: 9.03 > 6 (EBIT TTM 65.6m / 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 65.6m / Avg Total Assets 740.0m) |
| D: 4.86 (Book Value of Equity 654.8m / Total Liabilities 134.8m) |
| Altman-Z'' = 7.52 = AAA |
| DSRI: 1.27 (Receivables 52.8m/47.7m, Revenue 324.1m/373.5m) |
| GMI: 1.22 (GM 37.90% / 30.99%) |
| 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 = -2.58 (Cap -4..+1) = A |
As of July 13, 2026, the stock is trading at USD 16.39 with a total of 807,599 shares traded. Over the past week, the price has changed by +10.30%, over one month by -4.04%, over three months by +6.84% and over the past year by +67.35%.
Current recommended Stop Loss: 15.20 (which is 7.3% or 1.5 ATR below the current price).
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 | 22.9% |
P/E Trailing = 11.5303
P/E Forward = 3.3852
P/S = 1.916
P/B = 0.926
P/EG = -6.04
Revenue TTM = 324.1m USD
EBIT TTM = 65.6m USD
EBITDA TTM = 105.9m 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 = 680.7m USD (621.0m + Debt 106.9m - CCE 47.2m)
Interest Coverage Ratio = 9.03 (Ebit TTM 65.6m / Interest Expense TTM 7.27m)
EV/FCF = -18.41x (Enterprise Value 680.7m / FCF TTM -37.0m)
FCF Yield = -5.43% (FCF TTM -37.0m / Enterprise Value 680.7m)
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 = 0.86 (Enterprise Value 680.7m / Total Assets 789.6m)
Interest Expense / Debt = 6.80% (Interest Expense 7.27m / Debt 106.9m)
Taxrate = 0.46% (270k / 58.6m)
NOPAT = 65.3m (EBIT 65.6m * (1 - 0.46%))
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 105.9m)
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 = 8.74% (EBIT 65.6m / Capital Employed (Equity 647.8m + L.T.Debt 103.4m))
RoIC = 8.78% (NOPAT 65.3m / Invested Capital 744.0m)
WACC = 6.80% (E(621.0m)/V(727.9m) * Re(6.80%) + D(106.9m)/V(727.9m) * Rd(6.80%) * (1-Tc(0.00)))
Discount Rate = 6.80% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -33.33 | Cagr: -1.02%
[DCF] Fair Price = unknown (Cash Flow -37.0m)
EPS Correlation: -87.36 | EPS CAGR: -40.60% | SUE: 1.60 | # 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=-25% | Analysts=1
EPS next Quarter (2026-09-30): EPS=1.10 | Chg30d=+307.41% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=3.22 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+238.9% | GrowthRev=+42.0%
EPS next Year (2027-12-31): EPS=0.85 | Chg30d=+0.00% | Revisions=+0% | GrowthEPS=-73.5% | GrowthRev=-36.6%
[Analyst] Revisions Ratio: +22% (up=4, down=2)