ACNT Stock Overview
Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally.
Ascent Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.55|
|52 Week High||US$19.20|
|52 Week Low||US$10.16|
|1 Month Change||-5.76%|
|3 Month Change||8.50%|
|1 Year Change||35.60%|
|3 Year Change||-1.76%|
|5 Year Change||7.38%|
|Change since IPO||219.39%|
Recent News & Updates
Is Ascent Industries (NASDAQ:ACNT) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Synalloy GAAP EPS of $1.06, revenue of $116.2M
Synalloy press release (NASDAQ:SYNL): Q2 GAAP EPS of $1.06. Revenue of $116.2M (+39.8% Y/Y). Adjusted EBITDA increased 58% to $15.5M compared to $9.8M in the second quarter of 2021.
|ACNT||US Metals and Mining||US Market|
Return vs Industry: ACNT exceeded the US Metals and Mining industry which returned -14.6% over the past year.
Return vs Market: ACNT exceeded the US Market which returned -23.2% over the past year.
|ACNT Average Weekly Movement||7.7%|
|Metals and Mining Industry Average Movement||8.4%|
|Market Average Movement||6.8%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: ACNT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: ACNT's weekly volatility (8%) has been stable over the past year.
About the Company
Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless-steel tubes for supply to the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries; provides fiberglass and steel storage tanks for the oil and gas, waste water treatment, and municipal water industries; and distributes hot finish, seamless, carbon steel pipes, and tubes for use in mechanical and high-pressure applications in the oil and gas, heavy industrial, construction equipment, and chemical and other industries.
Ascent Industries Fundamentals Summary
|ACNT fundamental statistics|
Is ACNT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ACNT income statement (TTM)|
|Cost of Revenue||US$332.96m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||3.66|
|Net Profit Margin||9.07%|
How did ACNT perform over the long term?See historical performance and comparison
Is ACNT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ACNT?
Other financial metrics that can be useful for relative valuation.
|What is ACNT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does ACNT's PE Ratio compare to its peers?
|ACNT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
WEBC Webco Industries
ZEUS Olympic Steel
HUDI Huadi International Group
MSB Mesabi Trust
ACNT Ascent Industries
Price-To-Earnings vs Peers: ACNT is good value based on its Price-To-Earnings Ratio (4x) compared to the peer average (47.8x).
Price to Earnings Ratio vs Industry
How does ACNT's PE Ratio compare vs other companies in the US Metals and Mining Industry?
Price-To-Earnings vs Industry: ACNT is good value based on its Price-To-Earnings Ratio (4x) compared to the US Metals and Mining industry average (6.3x)
Price to Earnings Ratio vs Fair Ratio
What is ACNT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||4x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ACNT's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of ACNT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ACNT ($14.55) is trading above our estimate of fair value ($7.68)
Significantly Below Fair Value: ACNT is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Ascent Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ascent Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Check out Ascent Industries's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
How has Ascent Industries performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACNT has high quality earnings.
Growing Profit Margin: ACNT became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: ACNT has become profitable over the past 5 years, growing earnings by 9.4% per year.
Accelerating Growth: ACNT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ACNT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (82.4%).
Return on Equity
High ROE: ACNT's Return on Equity (28.1%) is considered high.
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How is Ascent Industries's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: ACNT's short term assets ($204.4M) exceed its short term liabilities ($72.0M).
Long Term Liabilities: ACNT's short term assets ($204.4M) exceed its long term liabilities ($100.5M).
Debt to Equity History and Analysis
Debt Level: ACNT's net debt to equity ratio (51.5%) is considered high.
Reducing Debt: ACNT's debt to equity ratio has increased from 36.2% to 51.7% over the past 5 years.
Debt Coverage: ACNT's debt is well covered by operating cash flow (24.5%).
Interest Coverage: ACNT's interest payments on its debt are well covered by EBIT (31.4x coverage).
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What is Ascent Industries's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Ascent Industries Dividend Yield vs Market|
|Company (Ascent Industries)||0%|
|Market Bottom 25% (US)||1.6%|
|Market Top 25% (US)||4.6%|
|Industry Average (Metals and Mining)||3.4%|
|Analyst forecast in 3 Years (Ascent Industries)||n/a|
Notable Dividend: Unable to evaluate ACNT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ACNT'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 ACNT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACNT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: ACNT is not paying a notable dividend for the US market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as ACNT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chris Hutter (42 yo)
Mr. Christopher Gerald Hutter, also known as Chris, served as an Interim President and Chief Executive Officer at Ascent Industries Co. (formerly known as Synalloy Corporation) since November 9, 2020 until...
CEO Compensation Analysis
|Chris Hutter's Compensation vs Ascent Industries Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$386k||US$36k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$867k||US$5k|
Compensation vs Market: Chris's total compensation ($USD385.57K) is below average for companies of similar size in the US market ($USD781.86K).
Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.
Experienced Management: ACNT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: ACNT's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
|14 Jun 22||BuyUS$4,672||Aldo Mazzaferro||Individual||300||US$15.57|
|13 May 22||BuyUS$20,332||Aldo Mazzaferro||Individual||1,300||US$15.64|
|13 May 22||BuyUS$68,880||Christopher Hutter||Individual||4,592||US$15.00|
|22 Dec 21||BuyUS$2,798,918||Privet Fund Management, LLC||Company||219,523||US$12.75|
|14 Dec 21||BuyUS$793,248||Henry Guy||Individual||56,693||US$14.00|
|30 Nov 21||BuyUS$1,300,119||Henry Guy||Individual||91,052||US$14.52|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.7%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Ascent Industries Co.'s employee growth, exchange listings and data sources
- Name: Ascent Industries Co.
- Ticker: ACNT
- Exchange: NasdaqGM
- Founded: 1945
- Industry: Steel
- Sector: Materials
- Implied Market Cap: US$149.276m
- Shares outstanding: 10.26m
- Website: https://www.ascentco.com
Number of Employees
- Ascent Industries Co.
- 1400 16th Street
- Suite 270
- Oak Brook
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ACNT||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Jan 1968|
|SY4||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 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.