ASC

Ardmore Shipping Corp

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Advanced Chart

11.050

-0.13(-1.163%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

11.375

Open

11.070

VWAP

11.13

Vol

582.69K

Mkt Cap

449.67M

Low

11.010

Amount

6.48M

EV/EBITDA(TTM)

5.10

Total Shares

41.73M

458.27M

EV/OCF(TTM)

4.57

P/S(TTM)

1.43

Ardmore Shipping Corporation is engaged in the ownership and operation of product and chemical tankers in worldwide trade. The Company operates through one segment, which is transportation of refined petroleum products and chemicals. The Company provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its fleet of mid-size product and chemical tankers. It provides shipping services to customers through voyage charters, time charters, and commercial pools. It has the global network to support its seafarers and deliver shipping services to its customers. Its vessels include Ardmore Seafarer, Ardmore Exporter, Ardmore Explorer, Ardmore Enterprise, Ardmore Engineer, Ardmore Endurance, Ardmore Endeavour, Ardmore Encounter, Ardmore Seahawk, Ardmore Seavanguard, Ardmore Seavantage, Ardmore Seaventure, Ardmore Chippewa, Ardmore Chinook, and Ardmore Seavaliant, among others.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2026Q1

FY2025Q4

FY2025Q3

43.00M

+0.08%

0.190

+35.71%

55.86M

+13.38%

0.440

+76%

47.07M

-23.52%

0.270

-50.91%

Estimates Revision

The market is revising Upward the revenue expectations for Ardmore Shipping Corporation (ASC) for FY2025, with the revenue forecasts being adjusted by 7.58% over the past three months. During the same period, the stock price has changed by 11.62%.

Revenue Estimates for FY2025

Revise Upward

+7.58%

In Past 3 Month

EPS Estimates for FY2025

No Change

0.00%

In Past 3 Month

Stock Price

Go Up

+11.62%

In Past 3 Month

4 Analyst Rating

14.30% Upside

Wall Street analysts forecast ASC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASC is 12.63 USD with a low forecast of 11.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

1 Hold

0 Sell

Strong Buy

14.30% Upside

Current: 11.050

Low

11.00

Averages

12.63

High

14.00

14.30% Upside

Current: 11.050

Low

11.00

Averages

12.63

High

14.00

Evercore ISI Group

Jonathan Chappell

Buy

Maintains

$14 → $13

2025-04-22

Reason

Evercore ISI Group

Jonathan Chappell

Price Target

$14 → $13

2025-04-22

Maintains

Buy

Reason

Evercore ISI analyst Jonathan Chappell lowered the firm's price target on Ardmore Shipping to $13 from $14 and keeps an Outperform rating on the shares. Despite the stocks in the firm's tanker coverage trading at valuation discounts "only before seen in periods of liquidity/going concern risks" at a time when balance sheets across the sector have "never been stronger," headwinds to widespread interest in the group remain elevated, the analyst tells investors in a tanker sector note. Escalating fears regarding a potential global economic recession amid punitive trade policies is leading to meaningful resets lower of the oil demand picture, adds the analyst, who notes that recessionary periods historically have been "unfavorable to tanker rates" and equities.

Stifel

Benjamin Nolan

Hold

Maintains

$13 → $11

2025-02-14

Reason

Stifel

Benjamin Nolan

Price Target

$13 → $11

2025-02-14

Maintains

Hold

Reason

Jefferies

Omar Nokta

Strong Buy

Maintains

$17

2025-02-13

Reason

Jefferies

Omar Nokta

Price Target

$17

2025-02-13

Maintains

Strong Buy

Reason

Jefferies

Omar Nokta

Strong Buy

Maintains

$20 → $17

2024-11-14

Reason

Jefferies

Omar Nokta

Price Target

$20 → $17

2024-11-14

Maintains

Strong Buy

Reason

Jefferies analyst Omar Nokta lowered the firm's price target on Ardmore Shipping to $17 from $20 and keeps a Buy rating on the shares. Tanker stocks gave up their 2024 gains weeks ago and are now down 5% on the year, notes the analyst, who argues that a "lackluster spot market remains the key element driving sentiment lower." Q3 estimate revisions have been followed by Q4 estimate revisions, which is "now leading to nervousness on 2025," the analyst added in a note on the group in which the firm lowered price targets nearly across the board.

Stifel

Benjamin Nolan

Strong Buy

Hold

Downgrades

$24 → $17

2024-10-23

Reason

Stifel

Benjamin Nolan

Price Target

$24 → $17

2024-10-23

Downgrades

Strong Buy

Hold

Reason

Stifel downgraded Ardmore Shipping to Hold from Buy with a price target of $17, down from $24. The firm says that for the better part of the past four years, most shipping segments have been strong, following a multi-year period of weakness. Growing demand and limited supply account for much of the strength, which has been augmented by longer ton-miles from Russian sanctions and the effective closure of the Red Sea, the analyst tells investors in a research note. Stifel believes that while these factors show no signs of reversing, and ship supply is "reasonable albeit higher," it expects the demand drivers, at least in the near term, to be played out. Most shipping segments are headed toward a rate pause, which should drag asset values lower, contends the firm. As such, it downgraded a number of dry bulk and tanker names "as the market finds its new level next year."

See All Ratings

Valuation Metrics

The current forward P/E ratio for Ardmore Shipping Corp (ASC.N) is 11.24, compared to its 5-year average forward P/E of 0.10. For a more detailed relative valuation and DCF analysis to assess Ardmore Shipping Corp 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

0.10

Current PE

11.24

Overvalued PE

10.40

Undervalued PE

-10.20

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

7.28

Current EV/EBITDA

4.96

Overvalued EV/EBITDA

12.45

Undervalued EV/EBITDA

2.10

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.85

Current PS

2.39

Overvalued PS

2.66

Undervalued PS

1.03