Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Ardmore Shipping Corporation

ASCNYSE
Wall Street Score · overall investment49/100
$20.42USD$-0.28 (-1.35%)
Company website ardmoreshipping.com
HeadquartersDorchester House, Hamilton, HAM, HM11, BM
Financial statement currencyUSD · no FX conversion applied
Industrials · Marine Shipping
Price updated todayFinancials updated Oct 1, 2026

ASC · Price history

Price at last available close

$20.42

+$2.27 (+12.51%) 1M

2026-10-27

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Company & revenue

About Ardmore Shipping Corporation

Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.

Who they are

Ardmore Shipping Corporation is a global enterprise dedicated to the maritime carriage of refined oil derivatives and various chemical substances. By February 15, 2022, the firm maintained an active fleet of 25 modern, twin-hulled vessels specifically designed for the transport of these product types. It caters to a diverse range of clientele, including prominent oil industry giants, independent petroleum companies, traders specializing in oil and chemical commodities, chemical manufacturing businesses, and organizations providing shipping pool services.

How they make money

Ardmore Shipping Corporation generates revenue primarily by providing seaborne transportation of petroleum products and chemicals worldwide. The company operates its fleet of MR product and chemical tankers through a combination of voyage charters, time charters, and commercial pools, earning income based on the charter rates negotiated for the transport of liquid cargoes.

Products & services

The company provides global seaborne transportation services for petroleum products and chemicals using a fleet of modern, fuel-efficient mid-size product and chemical tankers.

Brands & revenue mix

No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

Customer concentration

The company does not disclose specific customer concentration figures in its 2025 Annual Report, noting that it serves a diverse range of oil majors, national oil companies, and traders.

Suppliers, materials & equipment

  • Shipyards — Unnamed shipyards providing vessel construction and drydocking services.Source
  • Bunker fuel suppliers — Unnamed suppliers of fuel for vessel operations.Source

Strengths

  • Modern, fuel-efficient fleetSource
  • Strong commercial and technical management relationshipsSource

Risks

  • Volatility in tanker charter ratesSource
  • Geopolitical disruptions affecting global tradeSource
  • Operational risks inherent in marine transportationSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

49

Weak

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

63

Fair

Financial Strength

56

Business Quality / Moat

28

Management

100

Growth Quality

69

Risk / Durability

90

Cheap for a Reason · Review the Risks

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

58

Avoid

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

57/100

Building Historical Record

Model Score 57/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.

At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.

The model outlook is currently moderate.

What we like
  • •Recent buyback activity is present
What to watch
  • •Revenue fundamentals are weak
  • •Debt / balance-sheet profile needs attention

Company-specific research

Questions worth answering for ASC

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •Can ASC maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
  • •How long can ASC fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • •Does ASC's balance between cash and debt leave enough flexibility if business conditions weaken?
Business analysis: 15 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

49

0–100 · Weak

Opportunity Score

58

0–100 · Fair

Market Cap

$834.2M

P/E Ratio

7.2

EPS

$2.59

52-Week High

$20.03

52-Week Low

$10.31

Beta

0.02

Intrinsic Value

$22.02

Analyst Target

$19.00

Shares Outstanding

40.8M

Total Revenue

$368.3M

Total Debt

$35.0M

Dividend Yield (TTM)

6.71%

View dividend history

Liquidation Value / Share

$17.15

Estimated net asset value per share

Dividend / Share (TTM)

$1.37

Trailing 12 months by ex-date; not a forecast

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
80/ 100
+27 pts / 5d

Strong upward momentum

5D +8.2% · 20D +10.7% · RSI 64 · Price vs 20D avg +5.4%
Volatility
37/ 100
+7 pts / 5d

Normal movement

20D realized vol 40.6% · 60D 36.3% · Acceleration 1.12x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for ASC

Detected from reported data — verify before acting.

Dividend history reported

Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on ASC.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Modern, fuel-efficient fleet.
  • +Strong commercial and technical management relationships.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Marine Shipping industry.
  • −Volatility in tanker charter rates.
  • −Geopolitical disruptions affecting global trade.
  • −Operational risks inherent in marine transportation.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Weak49/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Weak

49

Tap for breakdown →

Weak

40

Debt Cost4.7%
Debt Reduction YoY-191.3%
Debt / Equity0.20x

Tap for breakdown →

Weak

47

Revenue YoY18.7%
Revenue CAGR-11.5%
Net Margin29.7%

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Fair

60

Asset Growth YoY11.9%
Liquidation/Share$17.15
Net Assets/MCap0.95x

Tap for breakdown →

Strong

77

Earnings Yield14.4%
Buyback Yield1.6%
Debt Cost4.7%

Tap for breakdown →

Elite

100

ROIC11.7%
ROE15.6%
ROA14.4%

Tap for breakdown →

Poor

28

EPS Growth-37.5%
FCF/Share Growth—
Rev/Share Growth-5.3%

Tap for breakdown →

Fair

56

Intrinsic Value$22.02
Value Reference$13.21
MOS7.2%

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Fair

53

Revenue47
Moat28
Valuation56

Tap for breakdown →

Poor

38

MOS %7.2%
Value Reference$13.21
Deep Discount Reference$8.81

Tap for breakdown →

Poor

24

Interest Coverage13.3x
ROIC11.7%
FCF Yield-5.1%

Tap for breakdown →

Weak

49

Financial24
Valuation56
Debt40

Tap for breakdown →

Fair

60

Survival Years1.2 yrs
Current Ratio4.33x
FCF Margin-12.6%

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Score Changes

6 historical score records available

Previous Score

50

Sep 8, 2026

Change

-1.6

points

Current Score

49

Oct 1, 2026

Category Changes

Revenue-0.7
Debt0
Assets-1.2
Capital-1.0
Management0
Moat-2.0
Valuation-5.4
Buffett-1.2

ASC decreased 1.6 points because Moat declined by 2 points, Valuation declined by 5.4 points.

Negative Contributors

  • − Moat declined by 2 points
  • − Valuation declined by 5.4 points

Projected Score

Projected Score

56

Projected Change

+7.2 points

Preliminary comparable-period financial changes suggest improvement of approximately 7.2 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Near Fair Value

Current Price

$20.42

Model Intrinsic Value

$22.02

Difference

−$1.59

-7.2% vs IV

Margin of Safety

7.2%

UndervaluedFair ValueOvervalued
Value Reference: $13.21
Deep Discount Reference: $8.81

Financial Charts

Revenue

201420152016201720182019202020212022202320242025$0$150M$300M$450M$600M

Additional Metrics

Operating Cash Flow

201520172019202120232025-$55M$0$55M$110M$165M

Total Debt

201520172019202120232025$0$150M$300M$450M$600M

Total Assets

201520172019202120232025$0$250M$500M$750M$1.0B

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$368.3M$310.2M$405.8M$396.0M····························
Cost of Revenue$228.9M$204.1M$249.5M$228.9M····························
Gross Profit$139.4M$106.1M$156.3M$167.1M····························
Research & Development$0.00$0.00$0.00$0.00····························
SG&A Expenses$25.0M$25.1M$28.0M$25.2M····························
Operating Expenses$25.0M$25.1M$28.0M$35.4M····························
EBITDA$146.7M$81.0M$178.4M$157.8M····························
Operating Income$114.4M$81.0M$128.3M$131.7M····························
Interest Expense$8.0M$6.1M$6.8M$11.4M····························
Income Before Tax$109.5M$41.3M$133.2M$117.2M····························
Income Tax Expense$241K$241K$215K$435K····························
Net Income$109.3M$41.0M$133.0M$116.8M····························
Basic EPS$2.59$0.88$3.09$2.76····························
Basic Shares40.81M40.81M41.66M41.13M····························
Diluted Shares40.96M40.81M42.04M41.82M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 4, 2026
Estimated EPS: $0.66Estimated revenue: $63.7M
Jun 30, 2026Q2FY2026

Revenue

$116.2M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$1.48

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

+22.2%

Cash Change

-2.7%

Margin Change

+38.7 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Margins expanded

What Weakened

  • Cash position declined
  • Debt increased

Potential Score Impact

Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue increased 61.3%. EPS increased 572.7%. Cash declined 2.7%. Total debt increased 22.2%. Net income margin improved by 38.7 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

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Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

6 historical records
Jul 19, 26Jul 23, 26Aug 11, 26Sep 1, 26Sep 8, 26Oct 1, 260255075100

Historical Score Chart

3 of 6 records shown
3 historical score records are shown. Start your seven-day free trial to unlock 3 more records and the complete score history.Start Free Trial

Wall Street Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Debt Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Revenue Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Asset Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Capital Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Management Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Moat Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Valuation Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Buffett Score

Sep 1, 26Sep 8, 26Oct 1, 260255075100

Intrinsic Value

Sep 1, 26Sep 8, 26Oct 1, 26$20.00$21.00$22.00$23.00$24.00

Value Reference

Sep 1, 26Sep 8, 26Oct 1, 26$11.00$12.00$13.00$14.00$15.00

Margin of Safety %

Sep 1, 26Sep 8, 26Oct 1, 260.1%0.2%0.2%0.2%0.2%

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News

Rumor Mill · ASC

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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