Ardmore Shipping Corporation (ASC) Financial Ratios
15 years of historical data (2011–2025) · Industrials · Marine Shipping
EV/EBITDA
↓
6.78
↓-17% vs avg
5yr avg: 8.13
30Y Low3.1·High31.5
P/FCF
↑
N/A
—
5yr avg: 4.71
30Y Low4.3·High16.8
P/B Ratio
↑
1.10
↑+39% vs avg
5yr avg: 0.79
30Y Low0.3·High1.1
ROE
↑
6.5%
↑-55% vs avg
5yr avg: 14.4%
30Y Low-12%·High33%
Debt/EBITDA
↓
1.12
↓-77% vs avg
5yr avg: 4.99
30Y Low0.3·High22.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ASC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ardmore Shipping Corporation trades at 19.4x earnings, 207% above its 5-year average of 6.3x, sitting at the 71st percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a discount of 24%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $697M | $432M | $511M | $589M | $553M | $115M | $109M | $300M | $153M | $268M | $223M |
| Enterprise Value | $779M | $514M | $508M | $636M | $687M | $432M | $461M | $672M | $568M | $675M | $629M |
| P/E Ratio → | 19.40 | 12.03 | 3.97 | 5.20 | 4.09 | — | — | — | — | — | 61.67 |
| P/S Ratio | 2.25 | 1.39 | 1.26 | 1.49 | 1.24 | 0.59 | 0.50 | 1.30 | 0.73 | 1.37 | 1.36 |
| P/B Ratio | 1.10 | 0.68 | 0.80 | 1.03 | 1.09 | 0.35 | 0.34 | 0.92 | 0.44 | 0.70 | 0.55 |
| P/FCF | — | — | 5.14 | 4.39 | 4.59 | — | 4.34 | 16.76 | — | 16.32 | — |
| P/OCF | 8.53 | 5.29 | 3.18 | 3.69 | 4.45 | — | 2.37 | 14.63 | 16.27 | 14.53 | 5.23 |
P/E links to full P/E history page with 30-year chart
ASC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ardmore Shipping Corporation's enterprise value stands at 6.8x EBITDA, 17% below its 5-year average of 8.1x. The Industrials sector median is 13.9x, placing the stock at a 51% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.66 | 1.25 | 1.61 | 1.54 | 2.24 | 2.09 | 2.92 | 2.70 | 3.44 | 3.83 |
| EV / EBITDA | 6.78 | 4.48 | 3.13 | 3.99 | 3.56 | 25.47 | 10.78 | 12.61 | 19.49 | 14.77 | 11.08 |
| EV / EBIT | 9.61 | 10.90 | 3.52 | 4.89 | 4.39 | — | 43.64 | 481.18 | — | 75.42 | 34.69 |
| EV / FCF | — | — | 5.11 | 4.74 | 5.70 | — | 18.29 | 37.62 | — | 41.17 | — |
ASC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ardmore Shipping Corporation earns an operating margin of 26.1%, significantly above the Industrials sector average of 4.3%. Operating margins have compressed from 33.3% to 26.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 6.5% is modest, trailing the sector median of 8.2%. ROIC of 9.0% represents adequate returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 34.2% | 34.2% | 38.5% | 42.2% | 43.9% | 4.2% | 19.7% | 17.0% | 36.6% | 45.4% | 59.1% |
| Operating Margin | 26.1% | 26.1% | 31.6% | 33.3% | 36.7% | -7.7% | — | 9.1% | -4.6% | 4.3% | 14.6% |
| Net Profit Margin | 13.2% | 13.2% | 32.8% | 29.5% | 31.1% | -19.1% | -2.7% | -9.9% | -20.4% | -6.4% | 2.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.5% | 6.5% | 22.0% | 21.6% | 33.1% | -11.3% | -1.9% | -6.8% | -11.8% | -3.2% | 1.0% |
| ROA | 5.5% | 5.5% | 19.1% | 16.5% | 19.1% | -5.0% | -0.8% | -2.8% | -5.1% | -1.4% | 0.5% |
| ROIC | 9.0% | 9.0% | 15.3% | 15.6% | 19.1% | -1.7% | — | 2.2% | -0.9% | 0.8% | 2.3% |
| ROCE | 11.3% | 11.3% | 19.3% | 19.8% | 24.5% | -2.2% | — | 2.8% | -1.2% | 1.1% | 3.1% |
ASC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ardmore Shipping Corporation carries a Debt/EBITDA ratio of 1.1x, which is manageable (65% below the sector average of 3.2x). Net debt stands at $82M ($129M total debt minus $47M cash). Interest coverage of 7.7x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.20 | 0.20 | 0.07 | 0.16 | 0.36 | 1.13 | 1.28 | 1.30 | 1.36 | 1.17 | 1.14 |
| Debt / EBITDA | 1.12 | 1.12 | 0.27 | 0.59 | 0.96 | 21.98 | 9.59 | 7.96 | 16.18 | 9.78 | 8.14 |
| Net Debt / Equity | — | 0.13 | -0.00 | 0.08 | 0.26 | 0.96 | 1.10 | 1.14 | 1.20 | 1.07 | 1.01 |
| Net Debt / EBITDA | 0.71 | 0.71 | -0.02 | 0.30 | 0.69 | 18.71 | 8.22 | 6.99 | 14.23 | 8.91 | 7.15 |
| Debt / FCF | — | — | -0.03 | 0.35 | 1.11 | — | 13.95 | 20.86 | — | 24.85 | — |
| Interest Coverage | 7.72 | 7.72 | 21.32 | 11.40 | 10.06 | -1.33 | 0.58 | 0.05 | -0.70 | 0.42 | 1.02 |
ASC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Ardmore Shipping Corporation's current ratio of 4.33x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.98x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.75x to 4.33x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.33 | 4.33 | 4.24 | 3.75 | 2.98 | 1.61 | 1.63 | 1.62 | 1.45 | 1.44 | 1.59 |
| Quick Ratio | 3.98 | 3.98 | 3.86 | 3.38 | 2.68 | 1.42 | 1.47 | 1.45 | 1.28 | 1.27 | 1.46 |
| Cash Ratio | 1.81 | 1.81 | 1.58 | 1.38 | 0.96 | 0.95 | 0.93 | 0.86 | 0.75 | 0.68 | 0.95 |
| Asset Turnover | — | 0.39 | 0.58 | 0.57 | 0.62 | 0.27 | 0.29 | 0.30 | 0.25 | 0.23 | 0.19 |
| Inventory Turnover | 22.90 | 22.90 | 22.06 | 18.23 | 15.92 | 16.62 | 17.19 | 18.79 | 10.40 | 11.11 | 9.16 |
| Days Sales Outstanding | — | 55.94 | 54.75 | 51.83 | 65.38 | 38.50 | 29.54 | 47.73 | 49.05 | 50.79 | 51.58 |
ASC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ardmore Shipping Corporation returns 2.2% to shareholders annually primarily through dividends. The payout ratio of 37.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 5.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.2% | 3.5% | 8.8% | 8.0% | 0.6% | 0.0% | 1.5% | — | — | — | 4.2% |
| Payout Ratio | 37.4% | 37.4% | 33.9% | 40.4% | — | — | — | — | — | — | 248.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.2% | 8.3% | 25.2% | 19.2% | 24.4% | — | — | — | — | — | 1.6% |
| FCF Yield | — | — | 19.5% | 22.8% | 21.8% | — | 23.0% | 6.0% | — | 6.1% | — |
| Buyback Yield | 0.0% | 0.0% | 3.5% | 0.0% | 0.0% | 33.2% | 0.3% | 0.0% | 0.0% | 4.2% | 1.3% |
| Total Shareholder Yield | 2.2% | 3.5% | 12.3% | 8.0% | 0.6% | 33.2% | 1.8% | 0.0% | 0.0% | 4.2% | 5.5% |
| Shares Outstanding | — | $41M | $42M | $42M | $38M | $34M | $33M | $33M | $33M | $33M | $30M |
Peer Comparison
Compare ASC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ASCYou | $697M | 19.4 | 6.8 | — | 34.2% | 26.1% | 6.5% | 9.0% | 1.1 |
 STNG | $4B | 11.5 | 8.2 | 8.5 | 46.2% | 33.0% | 11.4% | 7.2% | 1.3 |
 TRMD | $3B | 9.9 | 6.7 | 15.2 | 34.1% | 25.6% | 13.9% | 8.8% | 1.7 |
 INSW | $4B | 13.6 | 9.9 | 109.7 | 42.3% | 36.3% | 16.0% | 9.4% | 1.2 |
 TK | $1B | 10.4 | 0.5 | 9.5 | 27.5% | 21.8% | 4.8% | 12.0% | 0.2 |
 TNK | $3B | 7.4 | 6.0 | 22.9 | 27.5% | 22.6% | 18.5% | 12.5% | 0.2 |
 FRO | $9B | 24.1 | 12.9 | 13.6 | 32.8% | 30.2% | 15.6% | 8.1% | 3.3 |
 NAT | $1B | 100.9 | 18.6 | — | 19.8% | 9.9% | 2.6% | 2.8% | 4.9 |
 DHT | $3B | 14.4 | 12.3 | — | 38.2% | 34.2% | 19.4% | 8.9% | 1.6 |
 TEN | $1B | 8.6 | 6.8 | — | 35.3% | 30.0% | 8.9% | 5.4% | 4.7 |
 FLNG | $2B | 21.6 | 11.9 | 11.9 | 52.9% | 50.6% | 9.8% | 6.1% | 7.3 |
| Industrials Median | — | 25.6 | 13.9 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 15 years · Updated daily
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ASC — Frequently Asked Questions
Quick answers to the most common questions about buying ASC stock.
What is Ardmore Shipping Corporation's P/E ratio?
Ardmore Shipping Corporation's current P/E ratio is 19.4x. The historical average is 38.3x. This places it at the 71th percentile of its historical range.
What is Ardmore Shipping Corporation's EV/EBITDA?
Ardmore Shipping Corporation's current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.4x.
What is Ardmore Shipping Corporation's ROE?
Ardmore Shipping Corporation's return on equity (ROE) is 6.5%. The historical average is 3.1%.
Is ASC stock overvalued?
Based on historical data, Ardmore Shipping Corporation is trading at a P/E of 19.4x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ardmore Shipping Corporation's dividend yield?
Ardmore Shipping Corporation's current dividend yield is 2.20% with a payout ratio of 37.4%.
What are Ardmore Shipping Corporation's profit margins?
Ardmore Shipping Corporation has 34.2% gross margin and 26.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ardmore Shipping Corporation have?
Ardmore Shipping Corporation's Debt/EBITDA ratio is 1.1x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.