ASC Chart
About

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 26 vessels, including 22 owned Eco-design vessels and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Ardmore Shipping Corporation was founded in 2010 and is headquartered in Hamilton, Bermuda.

Fundamentals
Scroll to Statements
Sector Industrials Industry Marine Shipping Market Cap 643.15M
Enterprise Value 732.60M Income 36.07M Sales 310.20M
Book/sh 15.57 Cash/sh 1.15 Dividend Yield 194.00%
Payout 34.09% Employees 57 IPO —
P/E 17.94 Forward P/E 28.97 PEG —
P/S 2.07 P/B 1.01 P/C —
EV/EBITDA 9.04 EV/Sales 2.36 Quick Ratio 3.65
Current Ratio 4.33 Debt/Eq 20.32 LT Debt/Eq —
EPS (ttm) 0.88 EPS next Y 0.55 EPS Growth 80.70%
Revenue Growth 1.10% Earnings 2026-05-06 ROA 3.95%
ROE 6.46% ROIC — Gross Margin 34.21%
Oper. Margin 17.45% Profit Margin 13.22% Shs Outstand 40.73M
Shs Float 36.61M Short Float 4.56% Short Ratio 2.84
Short Interest — 52W High 16.91 52W Low 8.32
Beta -0.21 Avg Volume 695.67K Volume 1.38M
Target Price $17.95 Recom Strong_buy Prev Close $15.95
Price $15.79 Change -1.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$17.95
Mean price target
2. Current target
$15.79
Latest analyst target
3. DCF / Fair value
$-16.30
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$15.79
Low
$14.90
High
$21.00
Mean
$17.95

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-05 main Jefferies Buy → Buy $15
2025-10-28 main Evercore ISI Group Outperform → Outperform $15
2025-07-30 main Jefferies Buy → Buy $14
2025-04-22 main Evercore ISI Group Outperform → Outperform $13
2025-02-14 main Stifel Hold → Hold $11
2025-02-13 main Jefferies Buy → Buy $17
2024-11-14 main Jefferies Buy → Buy $17
2024-10-23 down Stifel Buy → Hold $17
2024-07-31 main Jefferies Buy → Buy $24
2024-07-24 main Stifel Buy → Buy $24
2024-07-23 main Evercore ISI Group Outperform → Outperform $26
2024-05-08 main Jefferies Buy → Buy $21
2024-04-19 main Stifel Buy → Buy $22
2024-02-16 main Stifel Buy → Buy $21
2024-02-15 reit Jefferies Buy → Buy $20
2023-08-01 reit Jefferies Buy → Buy $18
2023-07-19 main Stifel Buy → Buy $19
2023-05-09 main Jefferies — → Buy $17
2023-04-25 main Stifel — → Buy $24
2023-02-15 main Jefferies — → Buy $20
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems23.05K-969.40-8.30K-79.11K
TaxRateForCalcs0.000.000.000.27
NormalizedEBITDA159.21M158.11M191.15M10.21M
TotalUnusualItems14.41M-262.00K-5.53M-293.00K
TotalUnusualItemsExcludingGoodwill14.41M-262.00K-5.53M-293.00K
NetIncomeFromContinuingOperationNetMinorityInterest133.01M116.81M138.45M-36.83M
ReconciledDepreciation30.24M27.82M29.28M31.70M
ReconciledCostOfRevenue233.99M228.87M250.21M184.44M
EBITDA173.62M157.85M185.62M9.92M
EBIT143.38M130.03M156.34M-21.79M
NetInterestIncome-4.96M-9.59M-15.07M-16.15M
InterestExpense5.64M11.75M17.48M14.58M
InterestIncome1.82M3.40M3.88M55.00K
NormalizedIncome118.62M117.07M143.98M-36.62M
NetIncomeFromContinuingAndDiscontinuedOperation133.01M116.81M138.45M-36.83M
TotalExpenses273.86M264.31M282.13M207.24M
RentExpenseSupplemental10.88M9.38M7.18M3.32M
DilutedAverageShares40.81M42.04M41.79M38.36M
BasicAverageShares40.62M41.66M41.13M37.24M
DilutedEPS0.883.062.713.52
BasicEPS0.893.092.763.63
DilutedNIAvailtoComStockholders128.61M113.41M135.05M-38.09M
NetIncomeCommonStockholders128.61M113.41M135.05M-38.09M
OtherunderPreferredStockDividend739.00K0.000.00
PreferredStockDividends3.66M3.40M3.40M1.25M
NetIncome133.01M116.81M138.45M-36.83M
NetIncomeIncludingNoncontrollingInterests133.01M116.81M138.45M-36.83M
NetIncomeContinuousOperations133.01M116.81M138.45M-36.83M
EarningsFromEquityInterestNetOfTax-4.51M-1.03M-195.00K-317.00K
TaxProvision215.00K435.00K207.00K150.00K
PretaxIncome137.74M118.28M138.86M-36.37M
OtherIncomeExpense10.77M-3.80M-9.69M-5.46M
OtherNonOperatingIncomeExpenses-3.64M-3.54M-4.16M-5.17M
SpecialIncomeCharges13.75M0.00-8.49M-569.00K
GainOnSaleOfPPE12.32M0.00-6.92M0.00
OtherSpecialCharges-1.43M1.58M569.00K
GainOnSaleOfSecurity655.00K-262.00K2.96M276.00K
NetNonOperatingInterestIncomeExpense-4.96M-9.59M-15.07M-16.15M
TotalOtherFinanceCost1.14M1.24M1.46M1.62M
InterestExpenseNonOperating5.64M11.75M17.48M14.58M
InterestIncomeNonOperating1.82M3.40M3.88M55.00K
OperatingIncome131.92M131.67M163.62M-14.76M
OperatingExpense39.87M35.44M31.92M22.80M
OtherOperatingExpenses11.83M10.19M7.81M3.61M
SellingGeneralAndAdministration28.04M25.24M24.11M19.20M
GeneralAndAdministrativeExpense28.04M25.24M24.11M19.20M
OtherGandA28.04M25.24M24.11M19.20M
GrossProfit171.79M167.11M195.53M8.05M
CostOfRevenue233.99M228.87M250.21M184.44M
TotalRevenue405.78M395.98M445.74M192.48M
OperatingRevenue405.78M395.98M445.74M192.48M
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber3.58M2.02M2.02M2.02M
OrdinarySharesNumber40.46M41.30M40.63M34.36M
ShareIssued44.03M43.32M42.65M36.38M
NetDebt78.23M89.65M
TotalDebt44.24M93.99M184.62M372.55M
TangibleBookValue607.64M537.40M469.40M291.95M
InvestedCapital646.44M583.43M598.20M437.06M
WorkingCapital96.72M92.94M104.81M35.72M
NetTangibleAssets635.42M574.44M506.44M329.00M
CapitalLeaseObligations5.44M47.96M55.83M227.45M
CommonStockEquity607.64M537.40M469.40M291.95M
PreferredStockEquity27.78M37.04M37.04M37.04M
TotalCapitalization674.22M614.03M622.31M459.00M
TotalEquityGrossMinorityInterest635.42M574.44M506.44M329.00M
StockholdersEquity635.42M574.44M506.44M329.00M
GainsLossesNotAffectingRetainedEarnings0.001.47M1.04M
OtherEquityAdjustments1.47M1.04M
TreasuryStock33.52M15.64M15.64M15.64M
RetainedEarnings164.91M81.39M15.13M-119.92M
AdditionalPaidInCapital475.81M471.22M468.01M426.10M
CapitalStock28.22M37.48M37.47M37.41M
CommonStock440.00K433.00K426.00K364.00K
PreferredStock27.78M37.04M37.04M37.04M
TotalLiabilitiesNetMinorityInterest69.38M116.51M217.42M395.54M
TotalNonCurrentLiabilitiesNetMinorityInterest39.55M82.67M164.49M337.03M
OtherNonCurrentLiabilities273.00K954.00K1.01M943.00K
DerivativeProductLiabilities0.00
LongTermDebtAndCapitalLeaseObligation39.27M81.71M163.48M336.09M
LongTermCapitalLeaseObligation476.00K42.12M47.61M206.09M
LongTermDebt38.80M39.59M115.87M130.00M
CurrentLiabilities29.83M33.84M52.93M58.50M
CurrentDeferredLiabilities482.00K347.00K1.22M2.07M
CurrentDeferredRevenue482.00K347.00K1.22M2.07M
CurrentDebtAndCapitalLeaseObligation4.96M12.27M21.14M36.46M
CurrentCapitalLeaseObligation4.96M5.84M8.21M21.36M
CurrentDebt6.44M12.93M15.10M
OtherCurrentBorrowings6.44M12.93M15.10M
PayablesAndAccruedExpenses24.38M21.22M30.57M19.97M
CurrentAccruedExpenses18.31M19.20M21.75M11.39M
InterestPayable0.00939.00K863.00K651.00K
Payables6.07M2.02M8.81M8.58M
AccountsPayable6.07M2.02M8.81M8.58M
TotalAssets704.80M690.95M723.86M724.53M
TotalNonCurrentAssets578.25M564.17M566.12M630.32M
NonCurrentPrepaidAssets2.03M
NonCurrentDeferredAssets17.00M14.86M7.43M8.88M
NonCurrentAccountsReceivable2.88M
FinancialAssets0.00982.00K
InvestmentsAndAdvances5.24M11.19M11.22M11.08M
LongTermEquityInvestment5.24M11.19M11.22M11.08M
NetPPE556.02M538.13M547.47M606.49M
AccumulatedDepreciation-264.40M-237.50M-210.00M-201.70M
GrossPPE820.42M775.63M757.47M808.19M
ConstructionInProgress4.84M9.59M5.53M2.03M
OtherProperties10.56M1.23M
MachineryFurnitureEquipment12.98M
BuildingsAndImprovements1.16M1.01M993.00K
CurrentAssets126.55M126.78M157.74M94.22M
OtherCurrentAssets4.30M4.35M4.52M3.51M
HedgingAssetsCurrent0.004.93M307.00K
AssetsHeldForSaleCurrent0.00
PrepaidAssets3.08M6.83M2.16M3.55M
Inventory11.31M12.56M15.72M11.10M
Receivables60.87M56.23M79.84M20.30M
AccountsReceivable60.87M56.23M79.84M20.30M
AllowanceForDoubtfulAccountsReceivable-1.90M-1.60M-2.20M-800.00K
GrossAccountsReceivable62.77M57.83M82.04M21.10M
CashCashEquivalentsAndShortTermInvestments46.99M46.80M50.57M55.45M
CashAndCashEquivalents46.99M46.80M50.57M55.45M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow99.42M139.05M122.87M-5.52M
RepurchaseOfCapitalStock-27.93M0.000.000.00
RepaymentOfDebt-155.13M-85.98M-328.50M-86.87M
IssuanceOfDebt104.86M0.00131.88M49.00M
IssuanceOfCapitalStock0.000.0038.91M37.99M
CapitalExpenditure-61.02M-20.56M-1.33M-2.63M
InterestPaidSupplementalData11.68M17.30M14.30M
IncomeTaxPaidSupplementalData537.00K51.00K198.00K
EndCashPosition46.99M46.80M50.57M55.45M
BeginningCashPosition46.80M50.57M55.45M58.37M
ChangesInCash183.00K-3.76M-4.88M-2.92M
FinancingCashFlow-127.29M-136.54M-164.50M-1.66M
CashFlowFromContinuingFinancingActivities-127.29M-136.54M-164.50M-1.66M
NetOtherFinancingCharges-200.00K-3.50M-980.00K
CashDividendsPaid-48.88M-50.55M-3.29M-792.00K
PreferredStockDividendPaid-3.81M-3.40M-3.29M-792.00K
CommonStockDividendPaid-45.08M-47.15M0.000.00
NetPreferredStockIssuance-10.00M0.000.0037.99M
PreferredStockPayments-10.00M0.000.00
PreferredStockIssuance0.000.0037.99M
NetCommonStockIssuance-17.93M0.0038.91M0.00
CommonStockPayments-17.93M0.000.000.00
CommonStockIssuance0.000.0038.91M0.00
NetIssuancePaymentsOfDebt-50.27M-85.98M-196.62M-37.87M
NetLongTermDebtIssuance-50.27M-85.98M-196.62M-37.87M
LongTermDebtPayments-155.13M-85.98M-328.50M-86.87M
LongTermDebtIssuance104.86M0.00131.88M49.00M
InvestingCashFlow-32.97M-26.84M35.41M1.63M
CashFlowFromContinuingInvestingActivities-32.97M-26.84M35.41M1.63M
NetOtherInvestingChanges-432.00K-5.03M-2.58M-94.00K
NetBusinessPurchaseAndSale1.65M-1.24M-588.00K-5.54M
SaleOfBusiness1.65M
PurchaseOfBusiness-1.24M-588.00K-5.54M
NetPPEPurchaseAndSale-34.19M-20.56M38.58M7.26M
SaleOfPPE26.83M0.0039.91M9.89M
PurchaseOfPPE-61.02M-20.56M-1.33M-2.63M
OperatingCashFlow160.44M159.61M124.21M-2.88M
CashFlowFromContinuingOperatingActivities160.44M159.61M124.21M-2.88M
ChangeInWorkingCapital4.10M17.92M-56.02M-1.81M
ChangeInOtherWorkingCapital135.00K-873.00K-850.00K2.07M
ChangeInPayablesAndAccruedExpense3.48M-3.48M8.63M293.00K
ChangeInAccruedExpense-572.00K931.00K10.24M-858.00K
ChangeInInterestPayable-407.00K76.00K212.00K-157.00K
ChangeInPayable4.05M-4.41M-1.61M1.15M
ChangeInAccountPayable4.05M-4.41M-1.61M1.15M
ChangeInPrepaidAssets3.87M-4.50M381.00K-861.00K
ChangeInInventory1.25M3.16M-4.62M-821.00K
ChangeInReceivables-4.64M23.61M-59.56M-2.50M
OtherNonCashItems-3.09M-7.45M5.29M1.41M
StockBasedCompensation4.65M3.22M3.06M2.61M
DepreciationAmortizationDepletion30.24M27.82M29.28M31.70M
DepreciationAndAmortization30.24M27.82M29.28M31.70M
Depreciation30.24M27.82M29.28M31.70M
OperatingGainsLosses-8.46M1.30M4.15M41.00K
EarningsLossesFromEquityInvestments4.51M1.03M195.00K317.00K
GainLossOnInvestmentSecurities-655.00K262.00K-2.96M-276.00K
NetForeignCurrencyExchangeGainLoss2.00K-71.92K
GainLossOnSaleOfPPE-12.32M0.006.92M0.00
NetIncomeFromContinuingOperations133.01M116.81M138.45M-36.83M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for ASC
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