American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States.
Moderate growth potential and slightly overvalued.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AMSC exceeded the Norwegian Shipping industry which returned -2.4% over the past year.
Return vs Market: AMSC exceeded the Norwegian Market which returned -1.3% over the past year.
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
2 weeks ago | Simply Wall StDoes American Shipping (OB:AMSC) Have A Healthy Balance Sheet?
1 month ago | Simply Wall StAre Dividend Investors Making A Mistake With American Shipping Company ASA (OB:AMSC)?
1 month ago | Simply Wall StWhat Kind Of Shareholders Own American Shipping Company ASA (OB:AMSC)?
Is American Shipping undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AMSC (NOK32.1) is trading below our estimate of fair value (NOK77.21)
Significantly Below Fair Value: AMSC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AMSC is poor value based on its PE Ratio (43.6x) compared to the Shipping industry average (11.7x).
PE vs Market: AMSC is poor value based on its PE Ratio (43.6x) compared to the Norwegian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: AMSC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: AMSC is overvalued based on its PB Ratio (1.3x) compared to the NO Shipping industry average (0.6x).
How is American Shipping forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AMSC's forecast earnings growth (40.2% per year) is above the savings rate (0.7%).
Earnings vs Market: AMSC's earnings (40.2% per year) are forecast to grow faster than the Norwegian market (18.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AMSC's revenue (2.6% per year) is forecast to grow slower than the Norwegian market (3.3% per year).
High Growth Revenue: AMSC's revenue (2.6% per year) is forecast to grow slower than 20% 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 (15.3%).
How has American Shipping performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AMSC has high quality earnings.
Growing Profit Margin: AMSC's current net profit margins (5.5%) are lower than last year (20.7%).
Past Earnings Growth Analysis
Earnings Trend: AMSC's earnings have declined by -12.7% per year over the past 5 years.
Accelerating Growth: AMSC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AMSC had negative earnings growth (-73.7%) over the past year, making it difficult to compare to the Shipping industry average (-23.5%).
Return on Equity
High ROE: AMSC's Return on Equity (2.9%) is considered low.
Return on Assets
Return on Capital Employed
How is American Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: AMSC's short term assets ($53.0M) exceed its short term liabilities ($52.0M).
Long Term Liabilities: AMSC's short term assets ($53.0M) do not cover its long term liabilities ($546.8M).
Debt to Equity History and Analysis
Debt Level: AMSC's debt to equity ratio (346.8%) is considered high.
Reducing Debt: AMSC's debt to equity ratio has increased from 325.2% to 346.8% over the past 5 years.
Debt Coverage: AMSC's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: AMSC's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Inventory Level: AMSC has a high level of physical assets or inventory.
Debt Coverage by Assets: AMSC's debt is not covered by short term assets (assets are 0.1x debt).
What is American Shipping's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AMSC's dividend (9.28%) is higher than the bottom 25% of dividend payers in the Norwegian market (2.85%).
High Dividend: AMSC's dividend (9.28%) is in the top 25% of dividend payers in the Norwegian market (6.03%)
Stability and Growth of Payments
Stable Dividend: AMSC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AMSC has only been paying a dividend for 6 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (404.9%), AMSC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AMSC's dividends in 3 years are not forecast to be well covered by earnings (116.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Pål Magnussen (47yo)
Mr. Pål Lothe Magnussen has been the Chief Executive Officer and President of American Shipping Company ASA since January, 2015 and served as its Chief Financial Officer from June 1, 2014 to January 1, 201 ...
CEO Compensation Analysis
Compensation vs Market: Pål's total compensation ($USD891.06K) is above average for companies of similar size in the Norwegian market ($USD462.45K).
Compensation vs Earnings: Pål's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & President||5.1yrs||US$891.06k||0.082% $1.6m|
|Chief Financial Officer||3.8yrs||US$524.93k||0.041% $802.4k|
|Business Controller & Finance Manager||11.6yrs||US$261.75k||no data|
|Vice President of Engineering and Business Development||14.3yrs||no data||no data|
|Vice President of Finance||12.8yrs||US$133.06k||no data|
Experienced Management: AMSC's management team is seasoned and experienced (11.6 years average tenure).
|Chairman of the Board||9.8yrs||no data||0.0075% $145.2k|
|Director||7.9yrs||no data||0.0033% $64.2k|
|Director||1.8yrs||no data||no data|
Experienced Board: AMSC's board of directors are considered experienced (7.9 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
American Shipping Company ASA's company bio, employee growth, exchange listings and data sources
- Name: American Shipping Company ASA
- Ticker: AMSC
- Exchange: OB
- Founded: 2005
- Industry: Marine
- Sector: Transportation
- Market Cap: kr1.946b
- Shares outstanding: 60.62m
- Website: https://www.americanshippingco.com
Number of Employees
- American Shipping Company ASA
- Building B
- Oksenøyveien 10
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AMSC||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 2005|
|0JE5||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jul 2005|
|ASCJ.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jul 2005|
|AMSCO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jul 2005|
American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States. It is involved in the purchase and bareboat chartering of product tankers, shuttle tankers, and other vessels to operators and end users in the Jones Act market. American Shipping Company ASA operates a fleet of 9 product tankers and 1 shuttle tanker. The company was formerly known as Aker American Shipping ASA and changed its name to American Shipping Company ASA in June 2008. American Shipping Company ASA was founded in 2005 and is headquartered in Lysaker, Norway.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 21:04|
|End of Day Share Price||2020/02/18 00:00|
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.