Overview Dividends

(ASC) Ardmore Shpng - Ratings and Ratios

Exchange: NYSE • Country: Bermuda • Currency: USD • Type: Common Stock • ISIN: MHY0207T1001

Tankers, Chemicals, Petroleum, Freight

Oil & Gas Storage & Transportation
Market Cap in USD: 436m

IPO / Inception: 2013-08-01
Return 12m vs S&P 500: -25.8%

EPS (Earnings per Share)

EPS CAGR: 90.36%
EPS Trend: -10.6%

Last SUE: 1.02
Qual. Beats: 2

Revenue

Rev. CAGR: 12.37%
Rev. Trend: -3.8%

Last SUE: 0.80
Qual. Beats: 0

Dividends

Dividend Yield	2.83%
Yield on Cost 5y	10.79%
Yield CAGR 5y	-48.92%
Payout Consistency	38.7%
Payout Ratio	32.6%

Risk via 5d forecast
Volatility	35.6%
Value at Risk 5%th	57.2%
Relative Tail Risk	-2.43%

Reward TTM
Sharpe Ratio	-0.17
Alpha	-17.70
CAGR/Max DD	-0.04

Character TTM
Hurst Exponent	0.512
Beta	0.369
Beta Downside	0.725

Drawdowns 3y
Max DD	61.41%
Mean DD	29.64%
Median DD	28.20%

Description: ASC Ardmore Shpng December 28, 2025

Ardmore Shipping Corp. (NYSE:ASC) operates a global fleet of 26 product and chemical tankers, of which 22 are owned “Eco-design” vessels built to meet IMO 2020 emissions standards, while four are chartered in to augment capacity. Founded in 2010 and headquartered in Hamilton, Bermuda, the company services oil majors, refiners, chemical producers, and pooling service providers.

As of the latest filing, ASC’s fleet averages roughly 6 years in age, and the firm reported 2023 EBITDA of about $70 million with net debt of $200 million, yielding a leverage ratio near 2.9×-a level that is modest for the mid-size tanker segment. Day-rate earnings for its 20,000-DWT product tankers have hovered around $9,500 per day, reflecting a 12 % premium over the 2022 average due to tighter supply of compliant vessels.

The company’s performance is closely tied to global refined-product demand, especially in Asia, and to the spread between crude oil prices and refined-product margins. Regulatory pressure from IMO 2020 and upcoming carbon-intensity targets continues to favor newer, lower-emission vessels, giving ASC’s eco-design fleet a competitive advantage in securing higher freight contracts.

For a deeper dive into ASC’s valuation metrics and peer comparisons, explore the analyst toolkit on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (35.6m TTM) > 0 and > 6% of Revenue (6% = 18.6m TTM)

FCFTA -0.06 (>2.0%) and ΔFCFTA -18.12pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 29.14% (prev 22.62%; Δ 6.53pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.10 (>3.0%) and CFO 81.0m > Net Income 35.6m (YES >=105%, WARN >=100%)

Net Debt (71.2m) to EBITDA (79.1m) ratio: 0.90 <= 3.0 (WARN <= 3.5)

Current Ratio 4.46 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (40.7m) change vs 12m ago -3.89% (target <= -2.0% for YES)

Gross Margin 26.68% (prev 44.71%; Δ -18.04pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 40.63% (prev 58.47%; Δ -17.84pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 9.13 (EBITDA TTM 79.1m / Interest Expense TTM 4.83m) >= 6 (WARN >= 3)

Altman Z'' 3.22

(A) 0.11 = (Total Current Assets 116.2m - Total Current Liabilities 26.0m) / Total Assets 799.8m

(B) 0.23 = Retained Earnings (Balance) 183.5m / Total Assets 799.8m

(D) 1.28 = Book Value of Equity 184.0m / Total Liabilities 143.9m

Total Rating: 3.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 45.16

1. Piotroski 5.50pt

2. FCF Yield -8.89%

3. FCF Margin -14.58%

4. Debt/Equity 0.18

5. Debt/Ebitda 0.90

6. ROIC - WACC (= 0.44)%

7. RoE 5.52%

8. Rev. Trend -3.79%

9. EPS Trend -10.63%

What is the price of ASC shares?

As of January 02, 2026, the stock is trading at USD 10.59 with a total of 560,200 shares traded.
Over the past week, the price has changed by -1.94%, over one month by -12.19%, over three months by -11.18% and over the past year by -12.38%.

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.

Strong Buy: 3
Buy: 0
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ASC price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	15.5	45.9%
Analysts Target Price	15.5	45.9%
ValueRay Target Price	10.5	-0.8%

ASC Fundamental Data Overview December 26, 2025

Market Cap USD = 435.9m (435.9m USD * 1.0 USD.USD)
P/E Trailing = 13.557
P/E Forward = 3.3852
P/S = 1.4091
P/B = 0.6939
P/EG = -6.04
Beta = -0.124
Revenue TTM = 309.3m USD
EBIT TTM = 44.1m USD
EBITDA TTM = 79.1m USD
Long Term Debt = 116.1m USD (from longTermDebt, last quarter)
Short Term Debt = 669.0k USD (from shortTermDebt, last quarter)
Debt = 118.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 71.2m USD (from netDebt column, last quarter)
Enterprise Value = 507.1m USD (435.9m + Debt 118.2m - CCE 47.1m)
Interest Coverage Ratio = 9.13 (Ebit TTM 44.1m / Interest Expense TTM 4.83m)
FCF Yield = -8.89% (FCF TTM -45.1m / Enterprise Value 507.1m)
FCF Margin = -14.58% (FCF TTM -45.1m / Revenue TTM 309.3m)
Net Margin = 11.50% (Net Income TTM 35.6m / Revenue TTM 309.3m)
Gross Margin = 26.68% ((Revenue TTM 309.3m - Cost of Revenue TTM 226.8m) / Revenue TTM)
Gross Margin QoQ = 26.37% (prev 22.99%)
Tobins Q-Ratio = 0.63 (Enterprise Value 507.1m / Total Assets 799.8m)
Interest Expense / Debt = 1.48% (Interest Expense 1.74m / Debt 118.2m)
Taxrate = 1.06% (137.0k / 12.9m)
NOPAT = 43.6m (EBIT 44.1m * (1 - 1.06%))
Current Ratio = 4.46 (Total Current Assets 116.2m / Total Current Liabilities 26.0m)
Debt / Equity = 0.18 (Debt 118.2m / totalStockholderEquity, last quarter 655.9m)
Debt / EBITDA = 0.90 (Net Debt 71.2m / EBITDA 79.1m)
Debt / FCF = -1.58 (negative FCF - burning cash) (Net Debt 71.2m / FCF TTM -45.1m)
Total Stockholder Equity = 644.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.45% (Net Income 35.6m / Total Assets 799.8m)
RoE = 5.52% (Net Income TTM 35.6m / Total Stockholder Equity 644.0m)
RoCE = 5.80% (EBIT 44.1m / Capital Employed (Equity 644.0m + L.T.Debt 116.1m))
RoIC = 6.54% (NOPAT 43.6m / Invested Capital 666.3m)
WACC = 6.11% (E(435.9m)/V(554.1m) * Re(7.37%) + D(118.2m)/V(554.1m) * Rd(1.48%) * (1-Tc(0.01)))
Discount Rate = 7.37% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -1.32%
Fair Price DCF = unknown (Cash Flow -45.1m)
EPS Correlation: -10.63 | EPS CAGR: 90.36% | SUE: 1.02 | # QB: 2
Revenue Correlation: -3.79 | Revenue CAGR: 12.37% | SUE: 0.80 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.26 | Chg30d=+0.080 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.70 | Chg30d=-0.453 | Revisions Net=+0 | Growth EPS=-30.0% | Growth Revenue=-1.7%

Additional Sources for ASC Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle