(ASC) Ardmore Shpng - Overview
Stock: Tankers, Chemicals, Petroleum, Freight
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.82% |
| Yield on Cost 5y | 9.01% |
| Yield CAGR 5y | -48.92% |
| Payout Consistency | 37.6% |
| Payout Ratio | 44.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 36.1% |
| Relative Tail Risk | -3.92% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.48 |
| Alpha | 4.62 |
| Character TTM | |
|---|---|
| Beta | 0.461 |
| Beta Downside | 0.931 |
| Drawdowns 3y | |
|---|---|
| Max DD | 61.41% |
| CAGR/Max DD | -0.02 |
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) 6.5
| Net Income: 35.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -18.12 > 1.0 |
| NWC/Revenue: 29.14% < 20% (prev 22.62%; Δ 6.53% < -1%) |
| CFO/TA 0.10 > 3% & CFO 81.0m > Net Income 35.6m |
| Net Debt (71.2m) to EBITDA (79.1m): 0.90 < 3 |
| Current Ratio: 4.46 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.7m) vs 12m ago -3.89% < -2% |
| Gross Margin: 26.68% > 18% (prev 0.45%; Δ 2623 % > 0.5%) |
| Asset Turnover: 40.63% > 50% (prev 58.47%; Δ -17.84% > 0%) |
| Interest Coverage Ratio: 9.13 > 6 (EBITDA TTM 79.1m / Interest Expense TTM 4.83m) |
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 183.5m / Total Assets 799.8m) |
| C: 0.06 (EBIT TTM 44.1m / Avg Total Assets 761.3m) |
| D: 1.28 (Book Value of Equity 184.0m / Total Liabilities 143.9m) |
| Altman-Z'' Score: 3.22 = A |
Beneish M -2.40
| DSRI: 1.12 (Receivables 53.6m/65.1m, Revenue 309.3m/422.6m) |
| GMI: 1.68 (GM 26.68% / 44.71%) |
| AQI: 1.28 (AQ_t 0.05 / AQ_t-1 0.04) |
| SGI: 0.73 (Revenue 309.3m / 422.6m) |
| TATA: -0.06 (NI 35.6m - CFO 81.0m) / TA 799.8m) |
| Beneish M-Score: -2.40 (Cap -4..+1) = BBB |
What is the price of ASC shares?
Over the past week, the price has changed by +1.70%, over one month by +21.67%, over three months by +2.77% and over the past year by +16.10%.
Is ASC a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the ASC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 16 | 21.4% |
| Analysts Target Price | 16 | 21.4% |
| ValueRay Target Price | 13.6 | 3.1% |
ASC Fundamental Data Overview February 07, 2026
P/E Forward = 3.3852
P/S = 1.6446
P/B = 0.8176
P/EG = -6.04
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 = 579.9m USD (508.7m + Debt 118.2m - CCE 47.1m)
Interest Coverage Ratio = 9.13 (Ebit TTM 44.1m / Interest Expense TTM 4.83m)
EV/FCF = -12.86x (Enterprise Value 579.9m / FCF TTM -45.1m)
FCF Yield = -7.78% (FCF TTM -45.1m / Enterprise Value 579.9m)
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 = 0.73 (Enterprise Value 579.9m / 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 = 4.67% (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 = 6.46% (E(508.7m)/V(627.0m) * Re(7.62%) + D(118.2m)/V(627.0m) * Rd(1.48%) * (1-Tc(0.01)))
Discount Rate = 7.62% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
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=0.94 | Chg30d=+0.240 | Revisions Net=+0 | Growth EPS=-3.1% | Growth Revenue=-1.7%