ASC - Ardmore Shipping Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$19.00
DETAILS
HIGH:
$19.00
LOW:
$19.00
MEDIAN:
$19.00
CONSENSUS:
$19.00
UPSIDE:
0.90%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 310.2 | 405.8 | 396.0 | 445.7 | 192.5 | 220.1 | 230.0 | 210.2 | 195.9 | 164.4 | 157.9 | 67.3 | 35.9 | 25.2 | 22.4 |
| Cost of Revenue | 204.1 | 249.5 | 228.9 | 250.2 | 184.4 | 176.6 | 190.9 | 133.3 | 107.0 | 67.2 | 54.3 | 21.9 | 10.9 | 8.7 | 7.5 |
| Gross Profit | 106.1 | 156.3 | 167.1 | 195.5 | 8.0 | 43.4 | 39.1 | 76.9 | 88.9 | 97.2 | 103.6 | 45.5 | 25.0 | 16.5 | 14.9 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 25.1 | 28.0 | 25.2 | 24.1 | 19.2 | 17.9 | 18.1 | 15.9 | 14.6 | 14.1 | 10.7 | 8.2 | 5.7 | 3.0 | 2.6 |
| Other Expenses | 0 | 0 | 10.2 | 7.8 | 3.6 | 25.5 | 0 | (3.6) | (2.9) | (2.7) | (2.1) | (2.0) | (1.4) | (0.4) | 0 |
| Operating Expenses | 25.1 | 28.0 | 35.4 | 31.9 | 22.8 | 43.4 | 18.1 | 86.5 | 80.4 | 73.2 | 59.3 | 39.7 | 25.3 | 18.0 | 14.8 |
| Operating Income | |||||||||||||||
| Operating Income | 81.0 | 128.3 | 131.7 | 163.6 | (14.8) | 0 | 21.0 | (9.6) | 8.5 | 24.0 | 44.3 | 5.8 | (0.4) | (1.5) | 0.1 |
| Interest Expense | 6.1 | 6.8 | 11.4 | 15.5 | 16.4 | 18.1 | 26.8 | 25.1 | 21.4 | 17.8 | 12.3 | 4.1 | 3.5 | 3.0 | 2.8 |
| Interest Income | 1.0 | 1.8 | 1.8 | 0.5 | 0.1 | 0.3 | 1.0 | 0.6 | 0.4 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||||||
| EBITDA | 81.0 | 178.4 | 157.8 | 185.6 | 9.9 | 42.7 | 33.7 | 21.1 | 46.1 | 54.4 | 68.5 | 20.7 | 8.0 | 4.7 | 5.5 |
| EBIT | 47.2 | 144.5 | 130.0 | 156.3 | (21.8) | 10.6 | 1.4 | (17.6) | 8.9 | 18.1 | 44.3 | 5.8 | (0.3) | (1.8) | (0.2) |
| Income Before Tax | 41.3 | 133.2 | 117.2 | 138.7 | (36.7) | (5.8) | (22.8) | (42.8) | (12.4) | 3.8 | 32.0 | 1.7 | (3.8) | (4.5) | (3.0) |
| Income Tax Expense | 0.2 | 0.2 | 0.4 | 0.2 | 0.1 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.0 |
| Net Income | 41.0 | 133.0 | 116.8 | 138.5 | (36.8) | (6.0) | (22.9) | (42.9) | (12.5) | 3.7 | 32.0 | 1.7 | (3.8) | (4.5) | (3.0) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | 0.89 | 3.09 | 2.76 | 3.63 | -1.08 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
| EPS (Diluted) | 0.88 | 3.06 | 2.71 | 3.52 | -1.08 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
| Shares Outstanding | 46.6 | 41.7 | 41.1 | 37.2 | 33.9 | 33.2 | 33.1 | 32.8 | 33.4 | 30.1 | 26.1 | 24.5 | 12.2 | 8.0 | 8.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 46.8 | 47.0 | 46.8 | 50.6 | 55.4 | 58.4 | 51.7 | 56.9 | 39.5 | 56.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 47.5 | 60.9 | 56.2 | 79.8 | 20.3 | 17.8 | 30.1 | 28.2 | 27.3 | 23.2 |
| Inventory | 8.9 | 11.3 | 12.6 | 15.7 | 11.1 | 10.3 | 10.2 | 12.8 | 9.6 | 7.3 |
| Other Current Assets | 4.9 | 4.3 | 4.3 | 9.4 | 3.8 | 13.6 | 4.1 | 10.2 | 0 | 0 |
| Total Current Assets | 111.8 | 126.5 | 126.8 | 157.7 | 94.2 | 102.5 | 98.0 | 109.5 | 83.9 | 93.8 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 639.9 | 556.0 | 538.1 | 547.5 | 606.5 | 633.8 | 663.0 | 724.6 | 752.3 | 785.9 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 5.0 | 5.2 | 11.2 | 11.2 | 11.1 | 0 | 2.9 | 0 | 0 | 0 |
| Other Non-Current Assets | 32.0 | 17.0 | 14.9 | 7.4 | 12.7 | 15.7 | 8.6 | 10.7 | 9.4 | 3.9 |
| Total Non-Current Assets | 676.9 | 578.2 | 564.2 | 566.1 | 630.3 | 649.5 | 674.4 | 735.3 | 761.7 | 789.9 |
| Total Assets | 788.7 | 704.8 | 691.0 | 723.9 | 724.5 | 752.0 | 772.4 | 844.8 | 845.5 | 883.6 |
| Current Liabilities | ||||||||||
| Account Payables | 5.1 | 6.1 | 2.0 | 8.8 | 8.6 | 9.1 | 4.8 | 8.6 | 16.1 | 14.4 |
| Short-Term Debt | 0 | 0 | 6.4 | 12.9 | 15.1 | 22.5 | 20.2 | 22.8 | 37.1 | 41.8 |
| Deferred Revenue | 0 | 0.5 | 0.3 | 1.2 | 2.1 | 0 | 0 | 0 | 0 | 0.5 |
| Other Current Liabilities | 1.6 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 | 0.0 | 0 |
| Total Current Liabilities | 25.8 | 29.8 | 33.8 | 52.9 | 58.5 | 62.9 | 60.4 | 75.5 | 58.3 | 59.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 127 | 38.8 | 39.6 | 115.9 | 130.0 | 188.1 | 187.1 | 205.5 | 367.4 | 411.4 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.3 | 0.3 | 1.0 | 1.0 | 0.9 | 0.4 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 128.5 | 39.5 | 82.7 | 164.5 | 337.0 | 368.8 | 386.0 | 422.6 | 406.3 | 420.4 |
| Total Liabilities | 154.4 | 69.4 | 116.5 | 217.4 | 395.5 | 431.7 | 446.4 | 498.2 | 464.6 | 479.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 |
| Retained Earnings | 188.8 | 164.9 | 81.4 | 15.1 | (119.9) | (81.8) | (75.8) | (52.9) | (9.6) | 2.9 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 1.5 | 1.0 | (0.7) | 0 | (135.4) | (110.3) | (76.2) |
| Total Stockholders' Equity | 634.3 | 635.4 | 574.4 | 506.4 | 329.0 | 320.3 | 326.1 | 346.6 | 381.0 | 404.3 |
| Total Liabilities & Equity | 788.7 | 704.8 | 691.0 | 723.9 | 724.5 | 752.0 | 772.4 | 844.8 | 845.5 | 883.6 |
| Debt Metrics | ||||||||||
| Total Debt | 128.9 | 44.2 | 94.0 | 184.6 | 372.6 | 409.7 | 424.4 | 471.8 | 446.9 | 462.3 |
| Net Debt | 82.0 | (2.8) | 47.2 | 134.1 | 317.1 | 351.3 | 372.7 | 414.9 | 407.5 | 406.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 41.0 | 133.0 | 116.8 | 138.5 | (36.8) | (6.0) | (22.9) | (42.9) | (12.5) | 3.7 |
| Depreciation & Amortization | 40.4 | 30.2 | 31.4 | 29.3 | 31.7 | 32.2 | 32.3 | 35.1 | 34.3 | 30.1 |
| Stock-Based Compensation | 0 | 4.7 | 3.2 | 3.1 | 2.6 | 3.0 | 2.3 | 1.6 | 0.5 | 1.3 |
| Change in Working Capital | 12.2 | 4.1 | 17.9 | (56.0) | (1.8) | 9.3 | (6.4) | 8.1 | (6.0) | 1.9 |
| Other Non-Cash Items | (11.9) | (11.6) | (9.7) | 9.4 | 1.4 | 1.0 | 2.0 | 1.3 | 2.2 | 3.0 |
| Operating Cash Flow | 81.6 | 160.4 | 159.6 | 124.2 | (2.9) | 46.1 | 20.5 | 9.4 | 18.4 | 42.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (120.7) | (61.0) | (25.4) | (3.8) | (2.6) | (20.9) | (2.6) | (17.4) | (2.0) | (174.5) |
| Acquisitions | 0 | 1.6 | (1.2) | (0.6) | 9.9 | 0 | 26.7 | 0 | 0 | 52.7 |
| Purchases of Investments | 0 | 0 | 0 | (0.6) | (5.5) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (0.3) | 26.4 | (0.2) | 39.8 | 0 | (0.1) | (0.2) | (0.2) | (0.3) | 52.2 |
| Investing Cash Flow | (121.0) | (33.0) | (26.8) | 35.4 | 1.6 | (21.0) | 23.9 | (17.6) | (2.3) | (122.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 84.6 | (50.3) | (86.0) | (196.6) | (37.9) | (16.3) | (47.2) | 22.0 | (20.5) | 50.0 |
| Stock Repurchased | 0 | (17.9) | 0 | 0 | (38.0) | (0.3) | 0 | 0 | (11.3) | (3.0) |
| Dividends Paid | (15.3) | (48.9) | (50.6) | (3.3) | (0.8) | (1.7) | 0 | 0 | 0 | (9.3) |
| Other Financing Activities | (30) | (0.2) | 0 | (3.5) | (1.0) | (0.2) | (2.3) | (3.7) | (0.8) | 57.9 |
| Financing Cash Flow | 39.2 | (127.3) | (136.5) | (164.5) | (1.7) | (18.5) | (49.5) | 25.6 | (32.6) | 95.5 |
| Cash Position | ||||||||||
| Net Change in Cash | (0.1) | 0.2 | (3.8) | (4.9) | (2.9) | 6.6 | (5.2) | 17.4 | (16.5) | 15.8 |
| Cash at Beginning | 47.0 | 46.8 | 50.6 | 55.4 | 58.4 | 51.7 | 56.9 | 39.5 | 56.0 | 40.1 |
| Cash at End | 46.8 | 47.0 | 46.8 | 50.6 | 55.4 | 58.4 | 51.7 | 56.9 | 39.5 | 56.0 |
| Free Cash Flow | (39.1) | 99.4 | 134.2 | 120.4 | (5.5) | 25.2 | 17.9 | (8.0) | 16.4 | (131.9) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 310.2 | 405.8 | 396.0 | 445.7 | 192.5 | 220.1 | 230.0 | 210.2 | 195.9 | 164.4 | 157.9 | 67.3 | 35.9 | 25.2 | 22.4 |
| Gross Profit | 106.1 | 156.3 | 167.1 | 195.5 | 8.0 | 43.4 | 39.1 | 76.9 | 88.9 | 97.2 | 103.6 | 45.5 | 25.0 | 16.5 | 14.9 |
| Operating Income | 81.0 | 128.3 | 131.7 | 163.6 | (14.8) | 0 | 21.0 | (9.6) | 8.5 | 24.0 | 44.3 | 5.8 | (0.4) | (1.5) | 0.1 |
| Net Income | 41.0 | 133.0 | 116.8 | 138.5 | (36.8) | (6.0) | (22.9) | (42.9) | (12.5) | 3.7 | 32.0 | 1.7 | (3.8) | (4.5) | (3.0) |
| EPS (Diluted) | 0.88 | 3.06 | 2.71 | 3.52 | -1.08 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 | 1.23 | 0.07 | -0.31 | -0.56 | -0.37 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 46.8 | 47.0 | 46.8 | 50.6 | 55.4 | 58.4 | 51.7 | 56.9 | 39.5 | 56.0 | |||||
| Total Assets | 788.7 | 704.8 | 691.0 | 723.9 | 724.5 | 752.0 | 772.4 | 844.8 | 845.5 | 883.6 | |||||
| Total Debt | 128.9 | 44.2 | 94.0 | 184.6 | 372.6 | 409.7 | 424.4 | 471.8 | 446.9 | 462.3 | |||||
| Stockholders' Equity | 634.3 | 635.4 | 574.4 | 506.4 | 329.0 | 320.3 | 326.1 | 346.6 | 381.0 | 404.3 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | 81.6 | 160.4 | 159.6 | 124.2 | (2.9) | 46.1 | 20.5 | 9.4 | 18.4 | 42.6 | |||||
| Capital Expenditure | (120.7) | (61.0) | (25.4) | (3.8) | (2.6) | (20.9) | (2.6) | (17.4) | (2.0) | (174.5) | |||||
| Free Cash Flow | (39.1) | 99.4 | 134.2 | 120.4 | (5.5) | 25.2 | 17.9 | (8.0) | 16.4 | (131.9) | |||||