ARDMORE SHIPPING CORPORATION |
Real-time Estimate
Other stock markets
|
5-day change | 1st Jan Change | ||
| 22.6 USD | +1.07% |
|
+6.27% | +59.29% |
| May. 08 | Transcript : Ardmore Shipping Corporation, Q1 2024 Earnings Call, May 08, 2024 | |
| May. 08 | Earnings Flash (ASC) ARDMORE SHIPPING CORPORATION Posts Q1 Revenue $106.3M, vs. Street Est of $72.8M | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 299.5 | 108.8 | 116.1 | 584.3 | 581.9 | 933.1 | - | - |
| Enterprise Value (EV) 1 | 670.8 | 458.7 | 432.3 | 708 | 622.7 | 834.1 | 730.8 | 647.9 |
| P/E ratio | -13.1 x | -18.2 x | -3.02 x | 3.85 x | 5.2 x | 5.81 x | 7.41 x | 9.44 x |
| Yield | 0.55% | - | - | 3.12% | 6.46% | 6.02% | 4.47% | 3.7% |
| Capitalization / Revenue | 2.24 x | 0.78 x | 1.12 x | 2 x | 2.2 x | 3.13 x | 3.82 x | 4.48 x |
| EV / Revenue | 5.01 x | 3.3 x | 4.16 x | 2.42 x | 2.36 x | 2.8 x | 3 x | 3.11 x |
| EV / EBITDA | 12.6 x | 8.05 x | 26 x | 3.67 x | 3.9 x | 4.14 x | 4.52 x | 5.05 x |
| EV / FCF | 37.5 x | 18.3 x | -78.3 x | 5.88 x | 4.64 x | 5.03 x | 6.43 x | 7.21 x |
| FCF Yield | 2.66% | 5.47% | -1.28% | 17% | 21.6% | 19.9% | 15.6% | 13.9% |
| Price to Book | 0.92 x | - | 0.4 x | - | 1.08 x | 1.38 x | 1.25 x | 1.18 x |
| Nbr of stocks (in thousands) | 33,098 | 33,285 | 34,364 | 40,549 | 41,299 | 41,729 | - | - |
| Reference price 2 | 9.050 | 3.270 | 3.380 | 14.41 | 14.09 | 22.36 | 22.36 | 22.36 |
| 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 | 298.3 | 244 | 208.4 |
| EBITDA 1 | 53.29 | 56.99 | 16.63 | 192.7 | 159.5 | 201.4 | 161.6 | 128.3 |
| EBIT 1 | 16.17 | 18.6 | -20.24 | 159.3 | 128.1 | 160.7 | 114 | 85.7 |
| Operating Margin | 12.07% | 13.4% | -19.48% | 54.54% | 48.52% | 53.87% | 46.73% | 41.13% |
| Earnings before Tax (EBT) 1 | -22.8 | -5.847 | -36.37 | 138.9 | 118.3 | 185 | 122.9 | 87.94 |
| Net income 1 | -22.86 | -6.046 | -38.09 | 135.1 | 113.4 | 162 | 124 | 96.55 |
| Net margin | -17.06% | -4.36% | -36.65% | 46.25% | 42.95% | 54.3% | 50.81% | 46.34% |
| EPS 2 | -0.6900 | -0.1800 | -1.120 | 3.740 | 2.710 | 3.850 | 3.017 | 2.368 |
| Free Cash Flow 1 | 17.87 | 25.1 | -5.519 | 120.4 | 134.2 | 165.7 | 113.6 | 89.85 |
| FCF margin | 13.34% | 18.08% | -5.31% | 41.23% | 50.83% | 55.55% | 46.58% | 43.12% |
| FCF Conversion (EBITDA) | 33.53% | 44.05% | - | 62.48% | 84.16% | 82.26% | 70.32% | 70.03% |
| FCF Conversion (Net income) | - | - | - | 89.15% | 118.36% | 102.3% | 91.67% | 93.06% |
| Dividend per Share 2 | 0.0500 | - | - | 0.4500 | 0.9100 | 1.345 | 0.9996 | 0.8276 |
| 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 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 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 27.87 | 36.29 | 65.95 | 96.45 | 93.32 | 81.67 | 60.4 | 56.3 | 65.71 | 75.75 | 78.52 | 67.25 | 77.41 | 60.05 | 49.24 |
| EBITDA 1 | 5.454 | 12.46 | 42.22 | 71.72 | 66.3 | 54.75 | 35.01 | 31.64 | 37.84 | 49.26 | 52.43 | 44.56 | 57.36 | 46.8 | 35.25 |
| EBIT 1 | -3.84 | 3.473 | 34.27 | 58.97 | 58.05 | 46.8 | 27.3 | 23.98 | 29.8 | 41.53 | 43.3 | 32.4 | 43.4 | 26.71 | 15.9 |
| Operating Margin | -13.78% | 9.57% | 51.97% | 61.14% | 62.2% | 57.31% | 45.2% | 42.6% | 45.35% | 54.82% | 55.14% | 48.18% | 56.07% | 44.48% | 32.29% |
| Earnings before Tax (EBT) 1 | -7.644 | - | - | 62.06 | 54.23 | - | 25.08 | 21.4 | 27.4 | 39.54 | 43 | 35 | 68 | 36 | 20 |
| Net income 1 | -8.553 | -7.85 | 28.85 | 60.98 | 53.08 | 43.25 | 23.66 | 20.35 | 26.15 | 38.39 | 41.5 | 34.26 | 47.65 | 36 | 20 |
| Net margin | -30.69% | -21.63% | 43.75% | 63.22% | 56.88% | 52.96% | 39.17% | 36.14% | 39.8% | 50.68% | 52.85% | 50.95% | 61.56% | 59.95% | 40.62% |
| EPS 2 | -0.2500 | -0.2300 | 0.8100 | 1.520 | 1.300 | 1.040 | 0.5700 | 0.4900 | 0.6300 | 0.9200 | 0.9900 | 0.8233 | 1.137 | 0.8850 | 0.6150 |
| Dividend per Share 2 | - | - | - | - | - | 0.3500 | 0.1900 | 0.1600 | 0.2100 | - | 0.3350 | 0.2850 | 0.3750 | 0.3000 | 0.2000 |
| Announcement Date | 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 | 5/8/24 | - | - | - | - | - |
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 | - | - | - | - | - | 99 | 202 | 285 |
| 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 | 166 | 114 | 89.9 |
| ROE (net income / shareholders' equity) | - | 0.16% | - | - | 23.2% | 29.6% | 16.1% | 9.1% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 9.850 | - | 8.500 | - | 13.00 | 16.20 | 17.90 | 19.00 |
| Cash Flow per Share 2 | 0.6200 | 1.380 | -0.0900 | 2.990 | 3.820 | 4.290 | 3.220 | 2.750 |
| Capex 1 | 2.6 | 18.7 | 2.63 | 3.81 | 25.4 | 38.9 | 8.89 | 4.22 |
| Capex / Sales | 1.94% | 13.49% | 2.53% | 1.3% | 9.61% | 13.03% | 3.64% | 2.03% |
| 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
22.36
USD
Average target price
22.4
USD
Spread / Average Target
+0.18%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +58.69% | 933M | |
| +48.44% | 9.94B | |
| +37.06% | 6.12B | |
| +34.36% | 4.19B | |
| +39.20% | 3.14B | |
| +36.79% | 2.55B | |
| +18.24% | 2.21B | |
| +27.32% | 2.02B | |
| -0.32% | 1.78B | |
| +1.27% | 1.59B |
- Stock Market
- Equities
- ASC Stock
- Financials Ardmore Shipping Corporation
