Ardmore Shipping Corporation

ASC

$18.02

-0.28%

N/A-$0.05

Industrials

Marine Shipping

NYSE

Active Trading

Ardmore Shipping Corporation is a global enterprise dedicated to the maritime carriage of refined oil derivatives and various chemical substances. By February ...

Key Metrics of ASC

Snapshot

Latest / TTM · 6 periods

Market Cap

$735.26M

ROCE

15.6%

EV / EBITDA

4.92x

+5.0% YoY

FCF Yield

1.8%

+10.9% YoY

Cash Conversion Cycle

68.0d

Current Ratio

5.45

Quick take

TTM —

Positive CCC

Key Metrics

Latest / TTM · 6 periods

Valuation trend

Valuation trend table

Metric	2021	2022	2023	2024	2025	TTM
Market CapTotal market value of all shares outstanding.	$114.52M	$536.56M	$579.52M	$506.12M	$432.20M	$735.26M
Enterprise ValueCompany value including debt and cash adjustments.	$431.63M	$670.62M	$626.70M	$503.37M	$514.22M	$722.11M
EV / SalesHow many dollars investors pay per dollar of sales.	2.24x	1.50x	1.58x	1.24x	1.66x	1.96x
EV / EBITDAValuation multiple versus operating earnings before non-cash charges.	43.53x	3.61x	3.97x	2.82x	6.35x	4.92x
Net Debt / EBITDALeverage ratio using net debt divided by EBITDA.	31.98	0.72	0.30	-0.02	1.01	-0.09

Returns + ROCE gauge

ROCE latest

15.6%

Prev year 10.6%

Returns + ROCE gauge table

Metric	2021	2022	2023	2024	2025	TTM
ROEProfit generated from shareholders' equity.	-11.2%	27.3%	20.3%	20.9%	6.5%	16.5%
ROAProfit generated from total assets.	-5.1%	19.1%	16.9%	18.9%	5.2%	14.4%
ROICReturn generated on invested operating capital.	-3.4%	23.9%	20.5%	22.1%	6.5%	14.9%
ROCEOperating return on long-term capital used.	-2.2%	24.4%	20.0%	19.0%	10.6%	15.6%
Earnings YieldEarnings as a percentage of market value.	-32.2%	25.8%	20.2%	26.3%	9.5%	14.9%

Cash flow quality

Cash flow quality table

Metric	2021	2022	2023	2024	2025	TTM
FCFFCash flow available to all capital providers.	$10.82M	$135.91M	$145.59M	$106.19M	$-32.99M	$21.14M
FCFECash flow available to equity holders after debt flows.	$-43.48M	$-76.22M	$48.24M	$49.16M	$45.48M	$18.23M
FCF YieldFree cash flow divided by market capitalization.	-4.8%	22.4%	23.2%	19.6%	-9.0%	1.8%
Income QualityHow well accounting earnings are backed by cash flow.	0.08	0.90	1.37	1.21	1.99	1.16
Capex / OCFShare of operating cash flow spent on capital expenditures.	-91.3%	3.1%	15.9%	38.0%	147.9%	89.4%

Operating efficiency

Operating efficiency table

Metric	2021	2022	2023	2024	2025	TTM
DSOAverage days to collect cash from customers.	38.5d	65.4d	51.8d	54.8d	55.9d	54.5d
DIOAverage days inventory stays before being sold.	22.0d	22.9d	20.0d	16.5d	15.9d	22.3d
DPOAverage days the company takes to pay suppliers.	17.0d	12.9d	3.2d	8.9d	9.1d	8.8d
Operating CycleTime from buying inventory to collecting receivables.	60.5d	88.3d	71.9d	71.3d	71.9d	76.8d
Cash Conversion CycleNet days cash is tied in operations.	43.5d	75.5d	68.6d	62.4d	62.8d	68.0d

Snapshot

Latest / TTM: —

Market Cap

$735.26M

ROE

16.5%

FCF Yield

1.8%

Current Ratio

5.45

Supply Chain of ASC

Upstream / Downstream / Proxies

Upstream

Wuhu Shipyard Co., Ltd.SPP Shipbuilding Co., Ltd.MAN Energy Solutions SEOTC:VWAGYWärtsilä Oyj AbpHEL:WRT1VAnglo Ardmore Ship Management LimitedTeekay Corporation Ltd.NYSE:TKAnglo-Eastern Univan GroupVolkswagen AGOTC:VWAGY

Downstream

Shell plcNYSE:SHEL BP plcNYSE:BP Chevron CorporationNYSE:CVX ExxonMobil CorporationNYSE:XOM TotalEnergies SENYSE:TTEGlencore plcLON:GLENCargill, IncorporatedVitol GroupTrafigura Group Pte. Ltd.Various National Oil Companies (NOCs)

Proxies

Hafnia LimitedNYSE:HAFN Scorpio Tankers Inc.NYSE:STNG TORM plcNASDAQ:TRMDStolt-Nielsen LimitedOSL:SNIOdfjell SEOSL:ODFFrontline plcNYSE:FRO

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