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Ardmore Shipping Corporation

Ardmore Shipping Corporation

15.19
EUR
+0.70
(+4.83%)
2.34EPS
5.26P/E
497.97MMarket Cap
Nov 11Next Earn
Ardmore Shipping Corporation
STU:A61
(Stuttgart Stock Exchange)

Recent

price

15.19

P/E

ratio

5.26

div

yld

4.01%

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
USD
2.78
3.13
2.93
2.74
6.06
5.45
5.86
6.4
6.95
6.62
5.68
11.97
9.63
9.74
7.64
9.04
Revenue per Share
-0.37
-0.56
-0.31
0.07
1.23
0.12
-0.37
-1.31
-0.69
-0.18
-1.12
3.63
2.76
3.11
0.94
2.65
Basic EPS, GAAP
-7.01
-1.35
-11.15
-8.04
-7.48
-4.38
0.49
-0.24
0.54
0.76
-0.16
3.3
3.26
2.39
-0.96
0.43
Free Cash Flow per Basic Share
- -
- -
0.1
0.39
0.5
0.31
- -
- -
- -
0.05
0.02
0.09
1.23
1.17
0.38
0.7
Dividend per Share
3.41
6.01
12.87
12.59
13.26
12.04
11.85
10.47
9.85
9.65
8.5
11.55
13.01
15.02
15.57
17.14
Book Value per Share
3.41
6.01
12.87
12.59
13.26
12.04
11.85
10.47
9.85
9.65
8.5
11.55
13.01
15.02
15.57
17.14
Tangible Book Value per Share
8
8
12
25
26
30
33
33
33
33
34
37
41
42
41
41
Basic Weighted Avg Shares
22
25
36
67
158
164
196
210
230
220
192
446
396
406
310
368
Sales/Revenue/Turnover
0.51
-4.12
3.15
11.8
29.5
16.33
5.95
-2.84
9.12
11.27
-7.67
36.71
33.25
32.51
17
30.37
Operating Margin (%)
5
6
8
15
24
30
34
35
32
32
32
29
28
30
34
37
Depreciation Expense
-3
-5
-4
2
32
4
-12
-43
-23
-6
-37
138
117
133
41
109
Net Income, GAAP
- -
- -
- -
2.74
0.25
1.59
- -
- -
- -
- -
- -
0.15
0.37
0.16
0.58
0.22
Effective Tax Rate (%)
-13.3
-18.03
-10.71
2.47
20.24
2.28
-6.37
-20.43
-9.94
-2.75
-19.14
31.06
29.5
32.78
13.22
29.67
Profit Margin (%)
-26
8
45
43
46
35
26
34
38
40
36
105
93
97
86
101
Working Capital
60
60
109
205
361
420
406
423
386
368
336
163
82
39
128
34
LT Debt
62
108
232
327
348
404
381
347
326
320
329
506
574
635
634
700
Total Equity
- -
- -
- -
1.25
6.72
2.9
- -
- -
- -
- -
- -
22.29
19.35
21.63
7.22
17.53
Return on Invested Capital (%)
- -
- -
- -
1.06
6.47
2.19
- -
- -
- -
- -
- -
22.39
18.91
20.57
6.39
16.49
Return on Capital (%)
- -
-5.34
-2.26
0.59
9.47
1
-3.18
-11.8
-6.8
-1.87
-12.44
35.48
22.53
22.59
6.17
16.35
Return on Common Equity (%)

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
127
103
33
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
41
41
41
Market Capitalization
433
620
569

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
112
146
124
Cash, Cash Equivalents & STI
47
47
48
Accounts Receivable, Net
48
53
55
Inventories
9
13
14
Total Current Liabilities
26
30
23
Payables & Accruals
24
28
18
ST Debt
1
1
1
Deferred Revenue
2
1
4

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.44%
16.1%
-0.17%
Free Cash Flow
-318.22%
-520.93%
-139.3%
Net Income, GAAP
-43.57%
-7.53%
-69.16%
Sales/Revenue/Turnover
12.25%
17.36%
-23.56%
Total Cash Common Dividend
- -
-8,276.53%
-72.1%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
106
121
96
82
406
2025
74
72
81
83
310
2026
88
116
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.93
1.48
0.55
0.14
3.11
2025
0.14
0.22
0.3
0.28
0.94
2026
0.58
1.48
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
0.33
0.4
0.21
1.17
2025
0.1
0.07
0.09
0.13
0.38
2026
0.09
0.39
- -
- -
- -
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Business
Ardmore Shipping Corporation engages in the ownership and operation of a modern fleet of mid-size product and chemical tankers globally. The company’s core products and services include seaborne transportation of refined petroleum products and chemicals utilizing an advanced fleet of approximately 27 vessels, comprising 21 Medium Range (MR) tankers ranging from 45,000 to 50,200 deadweight tons (dwt) and six IMO 2 product/chemical tankers ranging from 25,000 to 37,800 dwt. Ardmore's fleet, predominantly Korean-built, emphasizes eco-design and fuel efficiency, serving oil majors, national oil companies, oil and chemical traders, and chemical companies worldwide. Services are primarily provided through voyage charters and time charters, supported by key commercial and technical management partnerships. Founded in 2005 and headquartered in Dublin, Ireland, Ardmore Shipping continuously pursues fleet modernization and operational efficiency improvements. In the last two years, the company has executed several major changes including the acquisition of three modern Korean-built MR tankers for $103.9 million completed in 2025, reducing average fleet age and enhancing fuel efficiency while maintaining modest leverage. Ardmore also fully redeemed its Series A Preferred Stock for $30.6 million in late 2025 and secured a $350 million revolving credit facility priced at SOFR +1.80%, maturing in 2031. It has expanded fixed-rate time charters, including a two-year charter for one MR tanker and a three-year chemical tanker charter, reflecting a strategic shift toward revenue stability amid market volatility. Ardmore Shipping is actively implementing technological advancements, such as deploying SteelCorr AI for enhanced vessel corrosion monitoring and paint maintenance, and embracing sustainability through investments in energy-efficient technologies including carbon-capture ready scrubbers on select vessels. The company’s strategy focuses on developing a high-quality, fuel-efficient fleet, building durable commercial relationships, maintaining cost advantages across assets and operations, and pursuing synergies and scale economies as it grows in the global product and chemical tanker industry. This comprehensive approach enables Ardmore to serve the global transportation needs of refined petroleum products and chemicals with a modern, efficient, and well-managed fleet designed to capitalize on current spot and fixed charter market opportunities while advancing sustainability initiatives in line with industry trends and regulatory expectations.

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