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Ardmore Shipping Corp ASC

NYSE · stock · Deep Sea Foreign Transportation of Freight · website · IPO 2013-07-31 · LEI

Ardmore Shipping Corp statistics & valuation

Market cap$616.9M
P / E15.0×
P / S2.0×
P / B1.0×
Dividend yield1.98%
Net margin13.2%
Return on equity6.5%
Net debt$127.0M
Enterprise value USD$743.9M
Graham number +5.2%$17.54

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.54); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.30% -6.40% -20.40% -9.90% -2.70% -19.10% 31.10% 29.50% 32.80% 13.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
14.60% 4.30% -4.60% 2016201720182019202020212022202320242025
Return on equity (%)
0.90% -3.30% -12.40% -7.00% -1.90% -12.60% 29.50% 21.70% 21.90% 6.50% 2016201720182019202020212022202320242025
Shares outstanding
33.6M 32.1M 33.1M 33.1M 33.2M 34.4M 40.6M 41.8M 42.0M 40.8M 2016201720182019202020212022202320242025
Net debt ($)
$355.4M $327.9M $148.6M $135.3M $129.7M $130.0M $115.9M $39.6M $38.8M $127.0M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.40% -1.50% -5.10% -3.00% -0.80% -5.10% 19.10% 16.90% 18.90% 5.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
1.02× 0.96× 0.59× 0.57× 0.59× 0.45× 0.25× 0.07× 0.06× 0.20× 2016201720182019202020212022202320242025
EPS ($)
-$0.69 -$0.18 -$1.12 $3.52 $2.71 $3.06 $0.88 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Ardmore Shipping Corp trades at about 18.9× earnings — above its 10-year norm (10-year range 3.9×–14.7×, median 6.1×).

3.9× 18.9×

Shaded band = 10-year range (3.9×–14.7×); dot = today's 18.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin———————-4.6%4.3%14.6%
Net margin13.2%32.8%29.5%31.1%-19.1%-2.7%-9.9%-20.4%-6.4%2.3%
Return on assets5.2%18.9%16.9%19.1%-5.1%-0.8%-3.0%-5.1%-1.5%0.4%
Return on equity6.5%21.9%21.7%29.5%-12.6%-1.9%-7.0%-12.4%-3.3%0.9%
Debt / equity0.20×0.06×0.07×0.25×0.45×0.59×0.57×0.59×0.96×1.02×
Current ratio4.334.243.752.981.611.631.621.451.441.59

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.