company background image
ASC

Ardmore ShippingNYSE:ASC Stock Report

Market Cap

US$122.7m

7D

-8.7%

1Y

15.0%

Updated

02 Dec, 2021

Data

Company Financials +
ASC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

ASC Stock Overview

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide.

Ardmore Shipping Competitors

Frontline

NYSE:FRO

US$1.3b

DHT Holdings

NYSE:DHT

US$866.8m

International Seaways

NYSE:INSW

US$702.6m

Scorpio Tankers

NYSE:STNG

US$688.6m

Price History & Performance

Summary of all time highs, changes and price drops for Ardmore Shipping
Historical stock prices
Current Share PriceUS$3.69
52 Week HighUS$5.43
52 Week LowUS$2.98
Beta0.80
1 Month Change-11.51%
3 Month Change1.10%
1 Year Change14.95%
3 Year Change-39.71%
5 Year Change-48.75%
Change since IPO-72.67%

Recent News & Updates

Shareholder Returns

ASCUS Oil and GasUS Market
7D-8.7%-4.9%-3.5%
1Y15.0%46.2%19.4%

Return vs Industry: ASC underperformed the US Oil and Gas industry which returned 46.2% over the past year.

Return vs Market: ASC underperformed the US Market which returned 19.4% over the past year.

Price Volatility

Is ASC's price volatile compared to industry and market?
ASC volatility
ASC Average Weekly Movement8.1%
Oil and Gas Industry Average Movement7.2%
Market Average Movement6.1%
10% most volatile stocks in US Market14.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: ASC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: ASC's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201051Tony Gurneehttps://ardmoreshipping.com

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. As of February 15, 2021, the company operated a fleet of 25 double-hulled product and chemical tankers. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers.

Ardmore Shipping Fundamentals Summary

How do Ardmore Shipping's earnings and revenue compare to its market cap?
ASC fundamental statistics
Market CapUS$122.68m
Earnings (TTM)-US$49.05m
Revenue (TTM)US$181.75m

0.7x

P/S Ratio

-2.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASC income statement (TTM)
RevenueUS$181.75m
Cost of RevenueUS$157.04m
Gross ProfitUS$24.71m
ExpensesUS$73.76m
Earnings-US$49.05m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.43
Gross Margin13.59%
Net Profit Margin-26.99%
Debt/Equity Ratio47.3%

How did ASC perform over the long term?

See historical performance and comparison

Valuation

Is Ardmore 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: ASC ($3.69) is trading below our estimate of fair value ($17.97)

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


Price To Earnings Ratio

PE vs Industry: ASC is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: ASC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ASC is good value based on its PB Ratio (0.4x) compared to the US Oil and Gas industry average (1.9x).


Future Growth

How is Ardmore Shipping forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

117.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: ASC is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: ASC's is expected to become profitable in the next 3 years.

Revenue vs Market: ASC's revenue (12.8% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: ASC's revenue (12.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASC's Return on Equity is forecast to be low in 3 years time (8.2%).


Past Performance

How has Ardmore Shipping performed over the past 5 years?

-18.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASC is currently unprofitable.

Growing Profit Margin: ASC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ASC is unprofitable, and losses have increased over the past 5 years at a rate of 18% per year.

Accelerating Growth: Unable to compare ASC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ASC is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (13%).


Return on Equity

High ROE: ASC has a negative Return on Equity (-15.06%), as it is currently unprofitable.


Financial Health

How is Ardmore Shipping's financial position?


Financial Position Analysis

Short Term Liabilities: ASC's short term assets ($90.2M) exceed its short term liabilities ($58.9M).

Long Term Liabilities: ASC's short term assets ($90.2M) do not cover its long term liabilities ($348.1M).


Debt to Equity History and Analysis

Debt Level: ASC's net debt to equity ratio (30.3%) is considered satisfactory.

Reducing Debt: ASC's debt to equity ratio has reduced from 107% to 47.3% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ASC has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if ASC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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

0.18%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ASC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ASC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ASC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ASC is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

8.0yrs

Average management tenure


CEO

Tony Gurnee (61 yo)

11.92yrs

Tenure

Mr. Anthony Gurnee, also known as Tony, CFA is the Founder and has been the Chief Executive Officer and President of Ardmore Shipping Corporation (a/k/a, Ardmore Shipping Limited) since 2010. Mr. Gurnee is...


Leadership Team

Experienced Management: ASC's management team is seasoned and experienced (8 years average tenure).


Board Members

Experienced Board: ASC's board of directors are considered experienced (3.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.2%.


Top Shareholders

Company Information

Ardmore Shipping Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Ardmore Shipping Corporation
  • Ticker: ASC
  • Exchange: NYSE
  • Founded: 2010
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$122.679m
  • Shares outstanding: 34.36m
  • Website: https://ardmoreshipping.com

Number of Employees


Location

  • Ardmore Shipping Corporation
  • Belvedere Building
  • Ground Floor
  • Pembroke
  • HM08
  • Bermuda

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/12/02 23:43
End of Day Share Price2021/12/02 00:00
Earnings2021/09/30
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.