AMSC

American ShippingOB:AMSC Stock Report

Market Cap

kr1.9b

7D

4.5%

1Y

9.2%

Updated

16 Sep, 2021

Data

Company Financials +
AMSC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health1/6
Dividends2/6

AMSC Overview

American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States.

Share Price & News

How has American Shipping's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AMSC is less volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AMSC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

4.5%

AMSC

-0.2%

NO Shipping

0.1%

NO Market


1 Year Return

9.2%

AMSC

84.9%

NO Shipping

21.7%

NO Market

Return vs Industry: AMSC underperformed the Norwegian Shipping industry which returned 84.9% over the past year.

Return vs Market: AMSC underperformed the Norwegian Market which returned 21.7% over the past year.


Shareholder returns

AMSCIndustryMarket
7 Day4.5%-0.2%0.1%
30 Day4.5%2.6%0.9%
90 Day3.5%6.3%4.3%
1 Year22.3%9.2%89.2%84.9%28.7%21.7%
3 Year46.4%8.1%19.3%-3.5%19.5%5.9%
5 Year117.0%26.4%58.7%39.8%82.5%49.4%

Long-Term Price Volatility Vs. Market

How volatile is American Shipping's share price compared to the market and industry in the last 5 years?


Simply Wall St News

American Shipping Fundamentals Summary

How do American Shipping's earnings and revenue compare to its market cap?
AMSC fundamental statistics
Market CapUS$221.97m
Earnings (TTM)US$22.98m
Revenue (TTM)US$88.00m

9.6x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AMSC income statement (TTM)
RevenueUS$88.00m
Cost of RevenueUS$1.10m
Gross ProfitUS$86.90m
ExpensesUS$63.92m
EarningsUS$22.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 19, 2021

Earnings per share (EPS)0.38
Gross Margin98.75%
Net Profit Margin26.11%
Debt/Equity Ratio352.4%

How did AMSC perform over the long term?

See historical performance and comparison

Dividends

11.0%

Current Dividend Yield

106%

Payout Ratio

Valuation

Is American Shipping undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AMSC (NOK31.35) is trading below our estimate of fair value (NOK87.7)

Significantly Below Fair Value: AMSC is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: AMSC is good value based on its PE Ratio (9.6x) compared to the Norwegian Shipping industry average (11.4x).

PE vs Market: AMSC is good value based on its PE Ratio (9.6x) compared to the Norwegian market (13.7x).


Price to Earnings Growth Ratio

PEG Ratio: AMSC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: AMSC's PB Ratio (1.4x) is in line with the NO Shipping industry average.


Future Growth

How is American Shipping forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

-8.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMSC's earnings are forecast to decline over the next 3 years (-8.6% per year).

Earnings vs Market: AMSC's earnings are forecast to decline over the next 3 years (-8.6% per year).

High Growth Earnings: AMSC's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AMSC's revenue is expected to decline over the next 3 years (-0.2% per year).

High Growth Revenue: AMSC's revenue is forecast to decline over the next 3 years (-0.2% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AMSC's Return on Equity is forecast to be low in 3 years time (12%).


Past Performance

How has American Shipping performed over the past 5 years?

19.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AMSC has high quality earnings.

Growing Profit Margin: AMSC's current net profit margins (26.1%) are higher than last year (10.7%).


Past Earnings Growth Analysis

Earnings Trend: AMSC has become profitable over the past 5 years, growing earnings by 19.2% per year.

Accelerating Growth: AMSC's earnings growth over the past year (144.4%) exceeds its 5-year average (19.2% per year).

Earnings vs Industry: AMSC earnings growth over the past year (144.4%) exceeded the Shipping industry 107%.


Return on Equity

High ROE: AMSC's Return on Equity (14.7%) is considered low.


Financial Health

How is American Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: AMSC's short term assets ($60.8M) exceed its short term liabilities ($37.2M).

Long Term Liabilities: AMSC's short term assets ($60.8M) do not cover its long term liabilities ($535.7M).


Debt to Equity History and Analysis

Debt Level: AMSC's debt to equity ratio (352.4%) is considered high.

Reducing Debt: AMSC's debt to equity ratio has increased from 324.1% to 352.4% over the past 5 years.

Debt Coverage: AMSC's debt is not well covered by operating cash flow (9.2%).

Interest Coverage: AMSC's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Dividend

What is American Shipping current dividend yield, its reliability and sustainability?

11.03%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AMSC's dividend (11.03%) is higher than the bottom 25% of dividend payers in the Norwegian market (1.89%).

High Dividend: AMSC's dividend (11.03%) is in the top 25% of dividend payers in the Norwegian market (5.1%)


Stability and Growth of Payments

Stable Dividend: AMSC has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: AMSC has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (105.5%), AMSC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AMSC's dividends in 3 years are not forecast to be well covered by earnings (122% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.2yrs

Average management tenure


CEO

Pål Magnussen (49 yo)

6.67yrs

Tenure

US$544,804

Compensation

Mr. Pål Lothe Magnussen has served as the Chief Executive Officer and President of American Shipping Company ASA since January 1, 2015 and served as its Chief Financial Officer from June 1, 2014 to January...


CEO Compensation Analysis

Compensation vs Market: Pål's total compensation ($USD544.80K) is about average for companies of similar size in the Norwegian market ($USD544.80K).

Compensation vs Earnings: Pål's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: AMSC's management team is seasoned and experienced (13.2 years average tenure).


Board Members

Experienced Board: AMSC's board of directors are considered experienced (9.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

American Shipping Company ASA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: American Shipping Company ASA
  • Ticker: AMSC
  • Exchange: OB
  • Founded: 2005
  • Industry: Marine
  • Sector: Transportation
  • Market Cap: kr1.919b
  • Shares outstanding: 60.62m
  • Website: https://www.americanshippingco.com

Number of Employees


Location

  • American Shipping Company ASA
  • Building B
  • OksenOeyveien 10
  • Lysaker
  • Akershus
  • 1366
  • Norway

Listings


Biography

American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States. The company is involved in the purchase and bareboat chartering of product...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 21:32
End of Day Share Price2021/09/16 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.