American Shipping Company ASA, through its subsidiaries, operates as a ship owning and lease finance company in the United States.
Reasonable growth potential second-rate dividend payer.
Share Price & News
How has American Shipping's share price performed over time and what events caused price changes?
Latest Share Price and Events
7 Day Return
1 Year Return
Return vs Industry: ASCJ.F underperformed the US Shipping industry which returned 0.3% over the past year.
Return vs Market: ASCJ.F underperformed the US Market which returned 6.9% 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
No news available
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
Undervalued: ASCJ.F ($3.83) is trading below our estimate of fair value ($5.6)
Significantly Undervalued: ASCJ.F is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ASCJ.F is poor value based on its PE Ratio (51.7x) compared to the Shipping industry average (26x).
PE vs Market: ASCJ.F is poor value based on its PE Ratio (51.7x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: ASCJ.F is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: ASCJ.F is overvalued based on its PB Ratio (1.4x) compared to the US Shipping industry average (0.6x).
How is American Shipping forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ASCJ.F's forecast earnings growth (80.6% per year) is above the savings rate (2.7%).
Earnings vs Market: ASCJ.F's earnings (80.6% per year) are forecast to grow faster than the US market (14.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ASCJ.F's revenue (7.3% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: ASCJ.F's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: ASCJ.F's Return on Equity is forecast to be low in 3 years time (18.8%).
How has American Shipping performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ASCJ.F's earnings have declined by -13.5% per year over the past 5 years.
Accelerating Growth: ASCJ.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ASCJ.F had negative earnings growth (-77.1%) over the past year, making it difficult to compare to the Shipping industry average (-62.3%).
Return on Equity
High ROE: ASCJ.F's Return on Equity (2.6%) is considered low.
Return on Assets
ROA vs Industry: ASCJ.F has a higher Return on Assets than the Shipping industry average last year.
Return on Capital Employed
ROCE Improving: ASCJ.F has improved its Return on Capital Employed over the past 3 years.
How is American Shipping's financial position?
Financial Position Analysis
Short Term Liabilities: ASCJ.F's short term assets ($57.4M) exceeds its short term liabilities ($53.2M)
Long Term Liabilities: ASCJ.F's short term assets (57.4M) do not cover its long term liabilities (557.1M)
Debt to Equity History and Analysis
Debt Level: ASCJ.F's debt to equity ratio (346.7%) is considered high
Reducing Debt: ASCJ.F's debt to equity ratio has increased from 328% to 346.7% over the past 5 years.
Debt Coverage: ASCJ.F's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: ASCJ.F's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Inventory Level: ASCJ.F has a high level of physical assets or inventory.
Debt Coverage by Assets: ASCJ.F'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
Stability and Growth of Payments
Notable Dividend: ASCJ.F's dividend (8.54%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: ASCJ.F's dividend (8.54%) is in the top 25% of dividend payers in the US market (3.73%)
Stable Dividend: ASCJ.F has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ASCJ.F 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 (441.8%), ASCJ.F's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ASCJ.F's dividends in 3 years are forecast to be covered by earnings (86.3% payout ratio).
What is the CEO of American Shipping's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Pal 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: Pal's total compensation ($USD891.06K) is about average for companies of similar size in the US market ($USD1.16M).
Compensation vs Earnings: Pal's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Management Age and Tenure
Experienced Management: ASCJ.F's management team is seasoned and experienced (11.3 years average tenure).
Board Age and Tenure
Experienced Board: ASCJ.F's board of directors are considered experienced (7.6 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Jeff Theisen (51yo)
Vice President of Finance
- Tenure: 12.4yrs
- Compensation: US$133.06k
Scott Clapham (45yo)
Vice President of Engineering and Business Development
- Tenure: 14yrs
- Tenure: 11.3yrs
- Compensation: US$261.75k
Pal Magnussen (47yo)
CEO & President
- Tenure: 4.8yrs
- Compensation: US$891.06k
Chief Financial Officer
- Tenure: 3.5yrs
- Compensation: US$524.93k
Annette Beate Wacknitz Justad (61yo)
Chairman of the Board
- Tenure: 9.5yrs
Peter Knudsen (62yo)
- Tenure: 7.6yrs
Kristian Røkke (36yo)
- Tenure: 1.5yrs
American Shipping Company ASA's company bio, employee growth, exchange listings and data sources
- Name: American Shipping Company ASA
- Ticker: ASCJ.F
- Exchange: OTCPK
- Founded: 2005
- Industry: Marine
- Sector: Transportation
- Market Cap: kr2.085b
- Listing Market Cap: kr227.066m
- 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, ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/10/20 00:08|
|End of Day Share Price||2019/10/17 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.