Ardmore Shipping
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
76.575.424.69
Price/Sales ratio
1.841.811.90
Earnings per Share (EPS)
$0.14$0.14$2.28

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
176.9510.3759.51-21.41-3.56-13.10-17.97-3.133.875.033.30-3.56
Price/Sales ratio
4.362.091.351.360.721.300.490.591.201.481.180.72
Price/Book Value ratio
0.890.950.550.700.440.910.330.341.051.020.760.44
Price/Cash Flow ratio
23.658.805.2314.5216.2314.632.35-39.694.313.683.2814.63
Price/Free Cash Flow ratio
-1.48-1.70-1.6916.31-19.1816.764.31-20.754.454.385.70-19.18
Price/Earnings Growth ratio
-1.440.00-0.650.05-0.010.270.24-0.00-0.00-0.210.11-0.01
Dividend Yield
3.27%3.91%4.18%N/AN/AN/A1.52%0.69%0.61%8.59%9.00%N/A
Profitability Indicator Ratios
Gross Profit Margin
67.53%65.61%59.11%45.38%36.58%44.19%45.01%2.30%43.86%38.73%42.03%36.58%
Operating Profit Margin
8.62%28.06%14.59%4.34%-4.57%7.44%8.58%-10.32%35.87%39.38%30.49%-4.57%
Pretax Profit Margin
2.53%20.29%2.31%-6.34%-20.35%-9.91%-2.65%-18.89%31.15%29.86%36.35%-20.35%
Net Profit Margin
2.46%20.23%2.27%-6.37%-20.42%-9.93%-2.74%-18.97%31.06%29.49%36.22%-20.42%
Effective Tax Rate
2.73%0.24%1.58%-0.47%-0.38%-0.25%-3.41%-0.41%0.14%0.36%0.18%-0.38%
Return on Assets
0.29%4.10%0.42%-1.47%-5.08%-2.95%-0.80%-5.03%19.12%16.90%21.17%-5.08%
Return On Equity
0.50%9.19%0.92%-3.27%-12.38%-7.01%-1.88%-11.09%27.33%20.33%24.51%-12.38%
Return on Capital Employed
1.07%6.25%2.91%1.08%-1.25%2.40%2.74%-2.98%23.83%23.73%18.79%-1.25%
Liquidity Ratios
Current Ratio
2.311.661.581.431.441.621.63N/AN/AN/A3.571.44
Quick Ratio
2.231.591.461.271.271.451.461.422.683.373.251.27
Cash ratio
1.910.570.940.670.750.850.920.940.951.381.270.75
Days of Sales Outstanding
30.4860.6051.5750.7947.6847.7329.5338.5065.3851.8356.2047.68
Days of Inventory outstanding
41.5126.6839.8532.8535.0828.8830.9921.5322.9218.8917.2428.88
Operating Cycle
71.9987.2891.4383.6482.7776.6160.5260.0388.3070.7273.4576.61
Days of Payables Outstanding
117.5383.9178.4654.9323.5313.6127.5216.6512.853.0310.8013.61
Cash Conversion Cycle
-45.533.3712.9728.7159.2362.9933.0043.3875.4567.6962.6459.23
Debt Ratios
Debt Ratio
0.350.490.510.470.270.260.280.200.170.060.030.26
Debt Equity Ratio
0.621.111.121.060.650.630.650.440.250.080.030.63
Long-term Debt to Capitalization
0.360.500.500.490.370.360.360.280.180.060.020.36
Total Debt to Capitalization
0.380.520.520.510.390.380.390.300.200.070.030.38
Interest Coverage Ratio
1.844.201.680.47-0.420.671.51N/AN/AN/A15.35-0.42
Cash Flow to Debt Ratio
0.060.090.090.040.040.090.21-0.010.963.466.830.04
Company Equity Multiplier
1.742.232.182.212.432.362.342.201.421.201.082.36
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.180.230.250.090.040.080.20-0.010.270.400.360.04
Free Cash Flow / Operating Cash Flow Ratio
-15.88-5.17-3.090.89-0.840.870.541.910.960.840.57-0.84
Cash Flow Coverage Ratio
0.060.090.090.040.040.090.21-0.010.963.466.830.04
Short Term Coverage Ratio
0.691.391.010.490.411.012.01-0.199.6024.7961.110.41
Dividend Payout Ratio
580.25%40.62%248.86%N/AN/AN/A-27.44%-2.16%2.37%43.27%30.62%N/A