ARDMORE SHIPPING CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 16.89 USD | +1.62% |
|
+6.36% | +19.87% |
| Feb. 16 | Stifel Raises Price Target on Ardmore Shipping to $21 From $20, Maintains Buy Rating | MT |
| Feb. 15 | Transcript : Ardmore Shipping Corporation - Analyst/Investor Day |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 299.5 | 108.8 | 116.1 | 584.3 | 581.9 | 701.5 | - | - |
| Enterprise Value (EV) 1 | 670.8 | 458.7 | 432.3 | 708 | 622.7 | 603 | 507.5 | 425.5 |
| P/E ratio | -13.1 x | -18.2 x | -3.02 x | 3.85 x | 5.2 x | 4.98 x | 6.26 x | 7.97 x |
| Yield | 0.55% | - | - | 3.12% | 6.46% | 6.25% | 5.27% | 4.35% |
| Capitalization / Revenue | 2.24 x | 0.78 x | 1.12 x | 2 x | 2.2 x | 2.52 x | 3.05 x | 3.45 x |
| EV / Revenue | 5.01 x | 3.3 x | 4.16 x | 2.42 x | 2.36 x | 2.16 x | 2.21 x | 2.09 x |
| EV / EBITDA | 12.6 x | 8.05 x | 26 x | 3.67 x | 3.9 x | 3.26 x | 3.57 x | 3.5 x |
| EV / FCF | 37.5 x | 18.3 x | -78.3 x | 5.88 x | 4.64 x | 3.45 x | 4.93 x | 4.73 x |
| FCF Yield | 2.66% | 5.47% | -1.28% | 17% | 21.6% | 29% | 20.3% | 21.2% |
| Price to Book | 0.92 x | - | 0.4 x | - | 1.08 x | 1.03 x | 0.94 x | 0.9 x |
| Nbr of stocks (in thousands) | 33,098 | 33,285 | 34,364 | 40,549 | 41,299 | 41,534 | - | - |
| Reference price 2 | 9.050 | 3.270 | 3.380 | 14.41 | 14.09 | 16.89 | 16.89 | 16.89 |
| Announcement Date | 2/11/20 | 2/10/21 | 2/15/22 | 2/14/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 134 | 138.8 | 103.9 | 292 | 264.1 | 278.6 | 229.7 | 203.6 |
| EBITDA 1 | 53.29 | 56.99 | 16.63 | 192.7 | 159.5 | 184.8 | 142 | 121.7 |
| EBIT 1 | 16.17 | 18.6 | -20.24 | 159.3 | 128.1 | 142.3 | 99.82 | 77.74 |
| Operating Margin | 12.07% | 13.4% | -19.48% | 54.54% | 48.52% | 51.06% | 43.45% | 38.18% |
| Earnings before Tax (EBT) 1 | -22.8 | -5.847 | -36.37 | 138.9 | 118.3 | 149 | 113 | 85 |
| Net income 1 | -22.86 | -6.046 | -38.09 | 135.1 | 113.4 | 148.5 | 112.5 | 84.5 |
| Net margin | -17.06% | -4.36% | -36.65% | 46.25% | 42.95% | 53.3% | 48.97% | 41.5% |
| EPS 2 | -0.6900 | -0.1800 | -1.120 | 3.740 | 2.710 | 3.392 | 2.700 | 2.120 |
| Free Cash Flow 1 | 17.87 | 25.1 | -5.519 | 120.4 | 134.2 | 175 | 102.8 | 90 |
| FCF margin | 13.34% | 18.08% | -5.31% | 41.23% | 50.83% | 62.81% | 44.77% | 44.2% |
| FCF Conversion (EBITDA) | 33.53% | 44.05% | - | 62.48% | 84.16% | 94.71% | 72.41% | 73.97% |
| FCF Conversion (Net income) | - | - | - | 89.15% | 118.36% | 117.85% | 91.42% | 106.51% |
| Dividend per Share 2 | 0.0500 | - | - | 0.4500 | 0.9100 | 1.055 | 0.8900 | 0.7350 |
| Announcement Date | 2/11/20 | 2/10/21 | 2/15/22 | 2/14/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24.1 | 27.87 | 36.29 | 65.95 | 96.45 | 93.32 | 81.67 | 60.4 | 56.3 | 65.71 | 72.79 | 61.98 | 60.46 | 74.69 | 50.1 |
| EBITDA 1 | 1.263 | 5.454 | 12.46 | 42.22 | 71.72 | 66.3 | 54.75 | 35.01 | 31.64 | 37.84 | 45 | 45 | 38 | 63 | - |
| EBIT 1 | -7.85 | -3.84 | 3.473 | 34.27 | 58.97 | 58.05 | 46.8 | 27.3 | 23.98 | 29.8 | 37.87 | 28.34 | 26.21 | 41.47 | 18.47 |
| Operating Margin | -32.57% | -13.78% | 9.57% | 51.97% | 61.14% | 62.2% | 57.31% | 45.2% | 42.6% | 45.35% | 52.03% | 45.72% | 43.36% | 55.53% | 36.87% |
| Earnings before Tax (EBT) 1 | -12.25 | -7.644 | - | - | 62.06 | 54.23 | - | 25.08 | 21.4 | 27.4 | 34 | 34 | 28 | 53 | - |
| Net income 1 | -12.83 | -8.553 | -7.85 | 28.85 | 60.98 | 53.08 | 43.25 | 23.66 | 20.35 | 26.15 | 34 | 34 | 28 | 53 | - |
| Net margin | -53.24% | -30.69% | -21.63% | 43.75% | 63.22% | 56.88% | 52.96% | 39.17% | 36.14% | 39.8% | 46.71% | 54.85% | 46.31% | 70.96% | - |
| EPS 2 | -0.3700 | -0.2500 | -0.2300 | 0.8100 | 1.520 | 1.300 | 1.040 | 0.5700 | 0.4900 | 0.6300 | 0.8850 | 0.8100 | 0.6650 | 0.6500 | 0.4800 |
| Dividend per Share | - | - | - | - | - | - | 0.3500 | 0.1900 | 0.1600 | 0.2100 | - | - | - | - | - |
| Announcement Date | 11/10/21 | 2/15/22 | 5/4/22 | 7/27/22 | 11/2/22 | 2/14/23 | 5/9/23 | 8/1/23 | 11/7/23 | 2/15/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 371 | 350 | 316 | 124 | 40.8 | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 98.5 | 194 | 276 |
| Leverage (Debt/EBITDA) | 6.966 x | 6.139 x | 19.01 x | 0.6421 x | 0.256 x | - | - | - |
| Free Cash Flow 1 | 17.9 | 25.1 | -5.52 | 120 | 134 | 175 | 103 | 90 |
| ROE (net income / shareholders' equity) | - | 0.16% | - | - | 23.2% | 23.6% | 13.3% | 8.3% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 9.850 | - | 8.500 | - | 13.00 | 16.40 | 17.90 | 18.80 |
| Cash Flow per Share 2 | 0.6200 | 1.380 | -0.0900 | 2.990 | 3.820 | 3.690 | 3.010 | 2.020 |
| Capex 1 | 2.6 | 18.7 | 2.63 | 3.81 | 25.4 | 22.8 | 13.5 | 6.5 |
| Capex / Sales | 1.94% | 13.49% | 2.53% | 1.3% | 9.61% | 8.17% | 5.88% | 3.19% |
| Announcement Date | 2/11/20 | 2/10/21 | 2/15/22 | 2/14/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
16.89
USD
Average target price
20.6
USD
Spread / Average Target
+21.97%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.87% | 702M | |
| +20.49% | 9.03B | |
| +18.70% | 5.3B | |
| +19.69% | 3.63B | |
| +21.22% | 2.7B | |
| +36.43% | 2.53B | |
| +17.33% | 1.86B | |
| +2.31% | 1.85B | |
| -4.76% | 1.7B | |
| -10.01% | 1.41B |
- Stock Market
- Equities
- ASC Stock
- Financials Ardmore Shipping Corporation
