Ardmore Shipping
Market Cap
US$135.8m
Last Updated
2021/04/12 22:12 UTC
Data Sources
Company Financials +
Executive Summary
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. More Details
Rewards
Risk Analysis
No risks detected for ASC from our risk checks.
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Ardmore Shipping's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ASC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: ASC's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
-12.6%
ASC
-2.2%
US Oil and Gas
0.9%
US Market
1 Year Return
-20.6%
ASC
45.7%
US Oil and Gas
57.9%
US Market
Return vs Industry: ASC underperformed the US Oil and Gas industry which returned 45.7% over the past year.
Return vs Market: ASC underperformed the US Market which returned 57.9% over the past year.
Shareholder returns
| ASC | Industry | Market | |
|---|---|---|---|
| 7 Day | -12.6% | -2.2% | 0.9% |
| 30 Day | -26.6% | -8.8% | 2.3% |
| 90 Day | 2.1% | 10.7% | 6.3% |
| 1 Year | -20.6%-20.6% | 55.4%45.7% | 60.8%57.9% |
| 3 Year | -51.0%-51.4% | -17.9%-29.2% | 64.5%53.9% |
| 5 Year | -57.9%-59.6% | -2.4%-21.4% | 120.9%96.4% |
Long-Term Price Volatility Vs. Market
How volatile is Ardmore Shipping's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What These Trends Mean At Ardmore Shipping (NYSE:ASC)1 month ago | Simply Wall St
Downgrade: Here's How Analysts See Ardmore Shipping Corporation (NYSE:ASC) Performing In The Near Term2 months ago | Simply Wall St
Is Ardmore Shipping Corporation (NYSE:ASC) Popular Amongst Institutions?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 ($3.89) is trading below our estimate of fair value ($20.07)
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 (1.4x).
Future Growth
How is Ardmore Shipping forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
90.8%
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 is expected to decline over the next 3 years (-12.7% per year).
High Growth Revenue: ASC's revenue is forecast to decline over the next 3 years (-12.7% 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 (6.2%).
Past Performance
How has Ardmore Shipping performed over the past 5 years?
-34.0%
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 34% 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 (-44.6%).
Return on Equity
High ROE: ASC has a negative Return on Equity (-1.89%), 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 ($102.5M) exceed its short term liabilities ($62.9M).
Long Term Liabilities: ASC's short term assets ($102.5M) do not cover its long term liabilities ($368.8M).
Debt to Equity History and Analysis
Debt Level: ASC's debt to equity ratio (66%) is considered high.
Reducing Debt: ASC's debt to equity ratio has reduced from 105.3% to 66% 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: Whilst unprofitable ASC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ASC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 58.6% per year.
Dividend
What is Ardmore Shipping current dividend yield, its reliability and sustainability?
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?
7.3yrs
Average management tenure
CEO
Tony Gurnee (60 yo)
11.25yrs
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 (7.3 years average tenure).
Board Members
Experienced Board: ASC's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Ardmore Shipping Corporation's company bio, 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$135.762m
- Shares outstanding: 33.27m
- Website: https://ardmoreshipping.com
Number of Employees
Location
- Ardmore Shipping Corporation
- Belvedere Building
- Ground Floor
- Pembroke
- HM08
- Bermuda
Listings
Biography
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 chem...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/12 22:12 |
| End of Day Share Price | 2021/04/12 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.