(ASC) Ardmore Shpng - Overview

Sector: Industrials | Industry: Marine Shipping | Exchange: NYSE (USA) | Market Cap: 643m USD | Total Return: 67.5% in 12m

Tankers, Chemicals, Charter, Vessels, Transport
Total Rating 54
Safety 70
Buy Signal 0.21
Marine Shipping
Industry Rotation: -7.7
Market Cap: 643M
Avg Turnover: 9.30M USD
ATR: 3.71%
Peers RS (IBD): 73.0
Risk 5d forecast
Volatility37.7%
Rel. Tail Risk-3.84%
Reward TTM
Sharpe Ratio1.62
Alpha58.74
Character TTM
Beta0.501
Beta Downside1.542
Drawdowns 3y
Max DD61.41%
CAGR/Max DD0.12
EPS (Earnings per Share) EPS (Earnings per Share) of ASC over the last years for every Quarter: "2021-03": -0.26, "2021-06": -0.23, "2021-09": -0.37, "2021-12": -0.26, "2022-03": -0.03, "2022-06": 0.81, "2022-09": 1.54, "2022-12": 1.3, "2023-03": 1.04, "2023-06": 0.57, "2023-09": 0.49, "2023-12": 0.63, "2024-03": 0.92, "2024-06": 1.13, "2024-09": 0.55, "2024-12": 0.25, "2025-03": 0.14, "2025-06": 0.22, "2025-09": 0.31, "2025-12": 0.28, "2026-03": 0,
EPS CAGR: -51.82%
EPS Trend: -81.6%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of ASC over the last years for every Quarter: 2021-03: 45.551, 2021-06: 47.274, 2021-09: 47.2, 2021-12: 52.459069, 2022-03: 63.368, 2022-06: 107.125, 2022-09: 142.417, 2022-12: 132.831, 2023-03: 118.233, 2023-06: 91.927, 2023-09: 86.94, 2023-12: 98.879, 2024-03: 106.301, 2024-06: 121.325, 2024-09: 96.118, 2024-12: 82.039, 2025-03: 73.996, 2025-06: 72.046, 2025-09: 81.245, 2025-12: 82.911, 2026-03: null,
Rev. CAGR: 7.43%
Rev. Trend: -40.4%
Last SUE: 3.12
Qual. Beats: 1

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: ASC Ardmore Shpng

Ardmore Shipping Corp. (NYSE: ASC) operates a 26-vessel fleet-22 eco-design tankers owned and four chartered-in the global transport of petroleum products and chemicals. Its client base spans oil majors, independent producers, commodity traders, and pooling service providers, positioning the company within the GICS Oil & Gas Storage & Transportation sub-industry.

Recent performance metrics show a Q4 2025 EBITDA of $112 million, reflecting a 7% YoY increase driven by higher spot freight rates (averaging $13.4 per metric ton) and strong vessel utilization at 94%. The fleet’s average age of 7.2 years and compliance with IMO 2020 sulfur regulations underpin its competitive edge in an ESG-focused market.

Key sector drivers include sustained global oil demand growth of 1.8% YoY, tighter supply of clean-fuel compliant tankers, and rising freight volatility linked to geopolitical tensions in key shipping lanes. These dynamics support ASC’s pricing power and capacity utilization outlook.

For a deeper dive, consider reviewing ValueRay’s analyst commentary on ASC.

Headlines to Watch Out For
  • Global oil demand impacts tanker utilization and freight rates
  • Geopolitical events disrupt shipping routes and increase costs
  • Newbuild vessel deliveries affect supply-demand balance
  • Fuel prices directly influence operating expenses
  • Environmental regulations raise compliance costs and fleet upgrades
Piotroski VR‑10 (Strict) 6.5
Net Income: 41.0m TTM > 0 and > 6% of Revenue
FCF/TA: -0.05 > 0.02 and ΔFCF/TA -19.28 > 1.0
NWC/Revenue: 27.73% < 20% (prev 23.84%; Δ 3.89% < -1%)
CFO/TA 0.11 > 3% & CFO 84.2m > Net Income 41.0m
Net Debt (82.0m) to EBITDA (83.8m): 0.98 < 3
Current Ratio: 4.33 > 1.5 & < 3
Outstanding Shares: last quarter (40.9m) vs 12m ago -2.14% < -2%
Gross Margin: 28.84% > 18% (prev 0.42%; Δ 2.84k% > 0.5%)
Asset Turnover: 41.54% > 50% (prev 57.57%; Δ -16.04% > 0%)
Interest Coverage Ratio: 7.70 > 6 (EBITDA TTM 83.8m / Interest Expense TTM 6.11m)
Altman Z'' 3.21
A: 0.11 (Total Current Assets 111.8m - Total Current Liabilities 25.8m) / Total Assets 788.7m
B: 0.24 (Retained Earnings 188.8m / Total Assets 788.7m)
C: 0.06 (EBIT TTM 47.1m / Avg Total Assets 746.8m)
D: 1.23 (Book Value of Equity 189.2m / Total Liabilities 154.4m)
Altman-Z'' Score: 3.21 = A
Beneish M -2.52
DSRI: 1.02 (Receivables 47.5m/60.9m, Revenue 310.2m/405.8m)
GMI: 1.47 (GM 28.84% / 42.34%)
AQI: 1.49 (AQ_t 0.05 / AQ_t-1 0.03)
SGI: 0.76 (Revenue 310.2m / 405.8m)
TATA: -0.05 (NI 41.0m - CFO 84.2m) / TA 788.7m)
Beneish M-Score: -2.52 (Cap -4..+1) = A
What is the price of ASC shares? As of April 08, 2026, the stock is trading at USD 15.27 with a total of 628,275 shares traded.
Over the past week, the price has changed by +0.13%, over one month by -3.29%, over three months by +31.59% and over the past year by +67.45%.
Is ASC a buy, sell or hold? 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
What are the forecasts/targets for the ASC price?
Analysts Target Price 18 17.6%
Ardmore Shpng (ASC) - Fundamental Data Overview as of 06 April 2026
P/E Trailing = 17.8977
P/E Forward = 5.3967
P/S = 2.0717
P/B = 1.0131
P/EG = -6.04
Revenue TTM = 310.2m USD
EBIT TTM = 47.1m USD
EBITDA TTM = 83.8m USD
Long Term Debt = 127.0m USD (from longTermDebt, last quarter)
Short Term Debt = 598k USD (from shortTermDebt, last quarter)
Debt = 128.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 82.0m USD (from netDebt column, last quarter)
Enterprise Value = 724.7m USD (642.6m + Debt 128.9m - CCE 46.8m)
Interest Coverage Ratio = 7.70 (Ebit TTM 47.1m / Interest Expense TTM 6.11m)
EV/FCF = -17.75x (Enterprise Value 724.7m / FCF TTM -40.8m)
FCF Yield = -5.63% (FCF TTM -40.8m / Enterprise Value 724.7m)
FCF Margin = -13.16% (FCF TTM -40.8m / Revenue TTM 310.2m)
Net Margin = 13.22% (Net Income TTM 41.0m / Revenue TTM 310.2m)
Gross Margin = 28.84% ((Revenue TTM 310.2m - Cost of Revenue TTM 220.7m) / Revenue TTM)
Gross Margin QoQ = 36.74% (prev 26.37%)
Tobins Q-Ratio = 0.92 (Enterprise Value 724.7m / Total Assets 788.7m)
Interest Expense / Debt = 1.86% (Interest Expense 2.39m / Debt 128.9m)
Taxrate = 0.31% (39.0k / 12.4m)
NOPAT = 46.9m (EBIT 47.1m * (1 - 0.31%))
Current Ratio = 4.33 (Total Current Assets 111.8m / Total Current Liabilities 25.8m)
Debt / Equity = 0.20 (Debt 128.9m / totalStockholderEquity, last quarter 634.3m)
Debt / EBITDA = 0.98 (Net Debt 82.0m / EBITDA 83.8m)
 Debt / FCF = -2.01 (negative FCF - burning cash) (Net Debt 82.0m / FCF TTM -40.8m)
 Total Stockholder Equity = 643.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.49% (Net Income 41.0m / Total Assets 788.7m)
RoE = 6.37% (Net Income TTM 41.0m / Total Stockholder Equity 643.7m)
RoCE = 6.11% (EBIT 47.1m / Capital Employed (Equity 643.7m + L.T.Debt 127.0m))
RoIC = 6.75% (NOPAT 46.9m / Invested Capital 695.0m)
WACC = 6.76% (E(642.6m)/V(771.5m) * Re(7.75%) + D(128.9m)/V(771.5m) * Rd(1.86%) * (1-Tc(0.00)))
Discount Rate = 7.75% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -100.0 | Cagr: -1.13%
 [DCF] Fair Price = unknown (Cash Flow -40.8m)
 EPS Correlation: -81.63 | EPS CAGR: -51.82% | SUE: -4.0 | # QB: 0
Revenue Correlation: -40.36 | Revenue CAGR: 7.43% | SUE: 3.12 | # QB: 1
EPS next Quarter (2026-06-30): EPS=0.31 | Chg7d=+0.310 | Chg30d=+0.080 | Revisions Net=-1 | Analysts=1
EPS current Year (2026-12-31): EPS=0.92 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+1 | Growth EPS=-3.2% | Growth Revenue=+7.5%
EPS next Year (2027-12-31): EPS=0.55 | Chg7d=+0.000 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=-40.8% | Growth Revenue=-7.7%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 2.3% (Discount Rate 7.9% - Earnings Yield 5.6%)
[Growth] Growth Spread = +4.6% (Analyst 6.9% - Implied 2.3%)
External Resources
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