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ACNT

Ascent Industries NasdaqGM:ACNT Stock Report

Last Price

US$14.55

Market Cap

US$149.3m

7D

4.1%

1Y

35.6%

Updated

03 Oct, 2022

Data

Company Financials
ACNT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Ascent Industries
Historical stock prices
Current Share PriceUS$14.55
52 Week HighUS$19.20
52 Week LowUS$10.16
Beta0.54
1 Month Change-5.76%
3 Month Change8.50%
1 Year Change35.60%
3 Year Change-1.76%
5 Year Change7.38%
Change since IPO219.39%

Recent News & Updates

Sep 07
Is Ascent Industries (NASDAQ:ACNT) A Risky Investment?

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...

Aug 09

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.

Shareholder Returns

ACNTUS Metals and MiningUS Market
7D4.1%9.8%1.0%
1Y35.6%-9.6%-20.0%

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.

Price Volatility

Is ACNT's price volatile compared to industry and market?
ACNT volatility
ACNT Average Weekly Movement7.7%
Metals and Mining Industry Average Movement8.4%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
1945673Chris Hutterhttps://www.ascentco.com

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

How do Ascent Industries's earnings and revenue compare to its market cap?
ACNT fundamental statistics
Market CapUS$149.28m
Earnings (TTM)US$37.58m
Revenue (TTM)US$414.27m

4.0x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACNT income statement (TTM)
RevenueUS$414.27m
Cost of RevenueUS$332.96m
Gross ProfitUS$81.31m
Other ExpensesUS$43.73m
EarningsUS$37.58m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.66
Gross Margin19.63%
Net Profit Margin9.07%
Debt/Equity Ratio51.7%

How did ACNT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ACNT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

ACNT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA4.2x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does ACNT's PE Ratio compare to its peers?

ACNT PE Ratio vs Peers
The above table shows the PE ratio for ACNT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average47.8x
WEBC Webco Industries
2.4xn/aUS$127.6m
ZEUS Olympic Steel
1.9x-91.5%US$270.0m
HUDI Huadi International Group
180.3xn/aUS$340.1m
MSB Mesabi Trust
6.7xn/aUS$284.6m
ACNT Ascent Industries
4xn/aUS$149.3m

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.

ACNT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4x
Fair PE Ration/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.


Discover undervalued companies

Future Growth

How is Ascent Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-4.3%

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.


Discover growth companies

Past Performance

How has Ascent Industries performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


9.4%

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.


Discover strong past performing companies

Financial Health

How is Ascent Industries's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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).


Balance Sheet


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Dividend

What is Ascent Industries's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Ascent Industries Dividend Yield vs Market
How does Ascent Industries dividend yield compare to the market?
SegmentDividend Yield
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.


Discover strong dividend paying companies

Management

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

1.2yrs

Average management tenure


CEO

Chris Hutter (42 yo)

2.33yrs

Tenure

US$385,568

Compensation

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
How has Chris Hutter's remuneration changed compared to Ascent Industries's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$38m

Mar 31 2022n/an/a

US$29m

Dec 31 2021US$386kUS$36k

US$20m

Sep 30 2021n/an/a

US$4m

Jun 30 2021n/an/a

-US$15m

Mar 31 2021n/an/a

-US$25m

Dec 31 2020US$867kUS$5k

-US$27m

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.


Leadership Team

Experienced Management: ACNT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

Experienced Board: ACNT's board of directors are not considered experienced ( 2.3 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.


Recent Insider Transactions

NasdaqGM:ACNT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
14 Jun 22BuyUS$4,672Aldo MazzaferroIndividual300US$15.57
13 May 22BuyUS$20,332Aldo MazzaferroIndividual1,300US$15.64
13 May 22BuyUS$68,880Christopher HutterIndividual4,592US$15.00
22 Dec 21BuyUS$2,798,918Privet Fund Management, LLCCompany219,523US$12.75
14 Dec 21BuyUS$793,248Henry GuyIndividual56,693US$14.00
30 Nov 21BuyUS$1,300,119Henry GuyIndividual91,052US$14.52

Ownership Breakdown

What is the ownership structure of ACNT?
Owner TypeNumber of SharesOwnership Percentage
VC/PE Firms783,9987.6%
Individual Insiders873,5098.5%
Hedge Funds1,846,64318.0%
Institutions2,590,85425.3%
General Public4,164,52940.6%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.7%.


Top Shareholders

Top 25 shareholders own 54.95% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18%
Privet Fund Management, LLC
1,846,643$26.9m0%89.28%
7.64%
Union Partners I LLC
783,998$11.4m0%no data
4.64%
Dimensional Fund Advisors LP
475,745$6.9m2.62%no data
4.3%
The Vanguard Group, Inc.
441,437$6.4m-1.81%no data
2.24%
Henry Guy
229,349$3.3m1.35%no data
2.05%
Christopher Hutter
210,168$3.1m2.23%no data
1.75%
180 Degree Capital Corp.
179,208$2.6m0.11%4.67%
1.64%
Wells Fargo & Company, Securities and Brokerage Investments
168,681$2.5m-0.9%no data
1.54%
BlackRock, Inc.
157,586$2.3m-1.34%no data
1.47%
Renaissance Technologies LLC
150,700$2.2m-6.4%no data
1.28%
Bridgeway Capital Management, LLC
131,516$1.9m4.33%0.04%
1.08%
Hillsdale Investment Management Inc.
110,556$1.6m9.09%0.12%
0.89%
HighTower Advisors, LLC
91,639$1.3m-2.15%no data
0.85%
EAM Investors, LLC
86,951$1.3m-5.21%0.29%
0.77%
John Schauerman
78,742$1.1m5.63%no data
0.74%
Geode Capital Management, LLC
76,100$1.1m7.82%no data
0.71%
Benjamin Rosenzweig
72,884$1.1m40.78%no data
0.6%
Minerva Advisors LLC
61,453$894.1k0%0.65%
0.58%
Cambridge Investment Research Advisors, Inc.
59,893$871.4k1.75%no data
0.53%
James Gibson
54,067$786.7k0%no data
0.34%
Avidian Wealth Solutions, LLC
34,909$507.9k0%0.04%
0.34%
Steven Baroff
34,810$506.5k0%no data
0.34%
Susan Gayner
34,382$500.3k0%no data
0.33%
GlobeFlex Capital LP
33,489$487.3k0%0.08%
0.32%
O'Shaughnessy Asset Management, LLC
32,843$477.9k54.46%0.01%

Company Information

Ascent Industries Co.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Ascent Industries Co.
  • 1400 16th Street
  • Suite 270
  • Oak Brook
  • Illinois
  • 60523
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACNTNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJan 1968
SY4DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.