Ardmore Shipping/$ASC
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Capital at risk
About Ardmore Shipping
Ardmore Shipping Corp provides seaborne transportation of petroleum products and chemicals world-wide to oil majors, national oil companies, oil and chemical traders, and chemical companies, with its modern, fuel-efficient fleet of mid-size product and chemical tankers. The company markets its services directly to its customers and commercial pool operators and charters its vessels to them through a combination of spot, commercial pooling, and time-charter arrangements. The majority of its revenue is generated from spot voyages, which typically last less than three months.
- Ticker
- $ASC
- Sector
- Energy
- Primary listing
- NYSE
- Employees
- 57
- Headquarters
- Hamilton, Bermuda
- Website
- ardmoreshipping.com
Ardmore Shipping Metrics
BasicAdvanced
$778M
7.42
$2.57
0.02
$1.37
16.59%
Price and volume
Market cap
$778M
Beta
0.02
52-week high
$20.03
52-week low
$10.31
Average daily volume
595K
Dividend rate
$1.37
Financial strength
Current ratio
5.448
Quick ratio
4.526
Long term debt to equity
0.049
Total debt to equity
0.05
Dividend payout ratio (TTM)
25.98%
Interest coverage (TTM)
13.18%
Profitability
EBITDA (TTM)
141.715
Gross margin (TTM)
45.26%
Net profit margin (TTM)
29.67%
Operating margin (TTM)
28.48%
Effective tax rate (TTM)
0.22%
Revenue per employee (TTM)
$6,460,000
Management effectiveness
Return on assets (TTM)
8.97%
Return on equity (TTM)
16.23%
Valuation
Price to earnings (TTM)
7.415
Price to revenue (TTM)
2.107
Price to book
1.11
Price to tangible book (TTM)
1.11
Price to free cash flow (TTM)
49.783
Free cash flow yield (TTM)
2.01%
Free cash flow per share (TTM)
0.383
Dividend yield (TTM)
7.19%
Forward dividend yield
16.59%
Growth
Revenue change (TTM)
13.60%
Earnings per share change (TTM)
147.52%
3-year revenue growth (CAGR)
-8.79%
10-year revenue growth (CAGR)
7.90%
3-year earnings per share growth (CAGR)
-15.95%
10-year earnings per share growth (CAGR)
8.08%
3-year dividend per share growth (CAGR)
11.44%
10-year dividend per share growth (CAGR)
6.79%
What the Analysts think about Ardmore Shipping
Analyst ratings (Buy, Hold, Sell) for Ardmore Shipping stock.
Analyst projections of the future price of Ardmore Shipping stock.
Bulls say / Bears say
Q2 2026 showed a sharp earnings improvement: net income reached $60.5 million and adjusted earnings were $48.3 million, compared with $9.0 million of adjusted earnings in Q2 2025. The result reflects strong MR tanker spot TCE of $51,870/day. (Ardmore Shipping)
Ardmore increased its common-dividend payout policy to two-thirds of adjusted earnings and declared a $0.79/share dividend for Q2 2026. If elevated tanker profitability persists, the policy provides substantial direct cash-return potential. (Ardmore Shipping)
The company is renewing and expanding its fleet with four 40,500-dwt Handysize product/chemical tanker newbuildings, while selling the older Ardmore Engineer for $35.5 million. This supports a modern, fuel-efficient fleet and could improve long-term commercial competitiveness. (Ardmore Shipping)
Spot-rate momentum weakened into Q3 2026: MR tanker TCE fell from $51,870/day in Q2 to approximately $29,600/day on booked Q3 revenue days, with only 45% of MR days fixed. This leaves a substantial portion of earnings exposed to further rate normalization. (Ardmore Shipping)
Ardmore has committed to four newbuildings with approximately $165.2 million of remaining installment payments through 2029. The multiyear capital program raises funding and execution risk if tanker rates weaken before delivery. (Ardmore Shipping)
Earnings remain sensitive to operating costs and utilization: Q2 voyage expenses increased by $4.6 million because of higher bunker prices, while reduced spot revenue days lowered revenue by $9.5 million. This cost and volume volatility can pressure cash generation even when headline freight rates remain favorable. (Ardmore Shipping)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.
Ardmore Shipping Financial Performance
Revenues and expenses
Ardmore Shipping Earnings Performance
Company profitability
Upcoming events
No upcoming events
Ardmore Shipping News
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Funds containing Ardmore Shipping
Fund name | Fund size | $ASC weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.02% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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