ASC
IndustrialsArdmore Shipping Corporation · Marine Shipping · $770M
What is Ardmore Shipping Corporation?
Ardmore Shipping Corporation is a small-cap marine transportation company focused on moving petroleum products and chemicals across global seaways. Founded in 2013 and headquartered in Pembroke, Bermuda, it operates a fleet of double-hulled tankers serving energy and chemical markets worldwide.
Ardmore Shipping earns revenue by chartering its tanker fleet to oil majors, oil traders, chemical companies, and pooling service providers. The company operates double-hulled product and chemical tankers, which are designed to carry refined petroleum products and specialty chemicals safely across international shipping lanes. Revenue is tied closely to tanker charter rates, which fluctuate with global energy demand, refinery activity, and fleet supply dynamics in the broader shipping market.
Ardmore Shipping was founded in 2013 and is headquartered in Pembroke, Bermuda.
- Seaborne transportation of refined petroleum products
- Chemical tanker shipping services for global traders
- Double-hulled tanker fleet operations
- Pooling arrangements with shipping service providers
Is ASC a Good Stock to Buy?
UQS Score rates ASC as Below Average overall, reflecting meaningful structural challenges across several key pillars.
The Risk pillar stands out as a relative bright spot, suggesting the company's balance sheet and financial stability are better positioned than its overall score might imply. Valuation is rated Good, meaning the stock does not appear richly priced relative to its fundamentals — a potential consideration for value-oriented investors.
The Moat and Growth pillars both register as Weak, pointing to limited competitive differentiation and constrained earnings expansion prospects in a cyclical, commoditized shipping market.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ASC pay dividends?
Yes — Ardmore Shipping Corporation pays a dividend.
Ardmore Shipping pays a regular dividend, which is notable for a small-cap shipping company. Tanker operators often distribute cash when charter rates are favorable, making dividend consistency dependent on market cycles. Investors should weigh the income potential against the inherent volatility of shipping earnings before relying on the dividend as a stable income stream.
When does ASC report earnings?
Ardmore Shipping reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Shipping sector earnings can swing materially with charter rate cycles, and Ardmore is no exception. The company's results tend to reflect broader tanker market conditions rather than company-specific outperformance, given the commoditized nature of the business.
For the most recent quarter's results and guidance, visit Ardmore Shipping's investor relations page directly.
ASC Price History
+311.7% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Ardmore Shipping Corporation?
Based on Ardmore Shipping Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ASC Long-term Outlook
The UQS Growth pillar for ASC is rated Weak, indicating limited near-term expansion momentum. Combined with a Weak Moat rating, the fundamental outlook suggests the company faces headwinds in building durable earnings growth beyond what tanker rate cycles provide. The Strong Risk profile offers some reassurance that financial stress is not an immediate concern, but the path to sustained growth remains uncertain in a fragmented, rate-sensitive industry.
Growth drivers
- Potential uplift from tightening global tanker supply and elevated energy trade flows
- Chemical tanker demand growth tied to expanding global specialty chemical production
- Fleet optimization and pooling arrangements that improve vessel utilization
Key risks
- Cyclical charter rate compression during periods of oversupply or weak energy demand
- Limited pricing power in a commoditized, competitive shipping market
- Valuation upside may be capped if earnings growth remains structurally constrained
ASC vs Peers
Ardmore Shipping operates in a fragmented shipping sector alongside several other small-cap marine transport companies.
Himalaya Shipping focuses on dry bulk transportation rather than product tankers, targeting a different cargo segment of the global shipping market.
Safe Bulkers concentrates on dry bulk carriers serving the coal, grain, and iron ore trades, distinguishing it from Ardmore's petroleum and chemical tanker focus.
Pangaea Logistics offers integrated logistics and ice-class shipping solutions, serving niche Arctic and industrial routes that differ from Ardmore's product tanker model.
Frequently Asked Questions
What does Ardmore Shipping do?
Ardmore Shipping Corporation transports petroleum products and chemicals by sea using a fleet of double-hulled tankers. The company serves oil majors, chemical traders, and pooling service providers across international shipping routes. It earns revenue primarily through vessel charter arrangements tied to prevailing tanker market rates.
Does ASC pay dividends?
Yes, Ardmore Shipping pays a regular dividend. However, dividend levels in the tanker shipping sector are often linked to charter rate cycles, meaning payouts can vary with market conditions. Investors should review the company's most recent dividend announcements on its investor relations page for current details.
When does ASC report earnings?
Ardmore Shipping reports financial results on a quarterly basis, in line with standard US-listed company practice. For the exact timing of upcoming earnings releases, check the company's investor relations page or financial calendar directly.
Is ASC a good stock to buy?
UQS Score rates ASC as Below Average overall. While the Risk pillar is Strong and Valuation is Good, the Moat and Growth pillars are both Weak, reflecting structural challenges in a cyclical, commoditized shipping market. The full pillar breakdown is available to UQS Pro members.
Is ASC overvalued?
The UQS Valuation pillar for ASC is rated Good, suggesting the stock is not trading at a stretched premium relative to its fundamentals. In a sector where earnings can be volatile, a reasonable valuation does not guarantee returns — it simply indicates the market is not pricing in aggressive growth expectations.
How does ASC compare to its competitors?
Ardmore Shipping focuses specifically on product and chemical tankers, while peers like Safe Bulkers and Himalaya Shipping operate in the dry bulk segment. Pangaea Logistics adds integrated logistics capabilities. Each company targets different cargo types and trade routes, making direct comparisons dependent on tanker versus bulk market dynamics.
What is ASC's market cap bracket?
Ardmore Shipping is classified as a small-cap company. This places it in a segment of the market that can offer higher growth potential but also carries greater volatility and liquidity risk compared to larger shipping conglomerates.
Who founded Ardmore Shipping?
Ardmore Shipping was founded in 2013. For detailed information on the company's founding team and corporate history, the company's official website and investor relations materials are the most reliable sources.
Is ASC a long-term quality investment?
From a long-term quality perspective, ASC's Below Average UQS Score — driven by Weak Moat and Growth pillars — suggests the company faces challenges in building durable competitive advantages over time. The Strong Risk profile is a positive signal, but sustained long-term quality typically requires stronger moat and growth characteristics.
What is the main competitive advantage of Ardmore Shipping?
Ardmore Shipping's UQS Moat pillar is rated Weak, indicating limited durable competitive differentiation. The company's double-hulled fleet and focus on product and chemical tankers provide some operational specialization, but the broader tanker market remains highly competitive and rate-driven, constraining pricing power.
What sector does ASC belong to?
Ardmore Shipping belongs to the Industrials sector, specifically within the marine transportation industry. Shipping companies in this space are sensitive to global trade volumes, energy demand, and vessel supply dynamics, making them inherently cyclical businesses.
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Pro Analysis
ASC — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 45.2 | 55.1 | 10.0 | 21.0 | 84.0 | 80.7 | +0.2 |
| May 22, 2026 | 45.0 | 55.1 | 10.0 | 21.0 | 84.0 | 79.8 | +0.1 |
| May 21, 2026 | 44.9 | 55.1 | 10.0 | 21.0 | 84.0 | 79.2 | -0.2 |
| May 20, 2026 | 45.1 | 55.1 | 10.0 | 21.0 | 84.0 | 80.6 | +0.1 |
| May 19, 2026 | 45.0 | 55.1 | 10.0 | 21.0 | 84.0 | 79.9 | -0.1 |
| May 16, 2026 | 45.1 | 55.1 | 10.0 | 21.0 | 84.0 | 80.5 | -0.1 |
| May 14, 2026 | 45.2 | 55.1 | 10.0 | 21.0 | 84.0 | 80.8 | +0.1 |
| May 13, 2026 | 45.1 | 55.1 | 10.0 | 21.0 | 84.0 | 80.1 | +0.1 |
| May 12, 2026 | 45.0 | 55.1 | 10.0 | 21.0 | 84.0 | 79.9 | +0.1 |
| May 11, 2026 | 44.9 | 55.1 | 10.0 | 21.0 | 84.0 | 79.2 | -1.4 |
ASC — Pillar Breakdown
Quality
— 55.1/100 (25%)Ardmore Shipping Corporation shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 21.0/100 (20%)Ardmore Shipping Corporation faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 84.0/100 (15%)Ardmore Shipping Corporation carries minimal financial risk with conservative leverage and strong solvency.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 80.9/100 (15%)Ardmore Shipping Corporation appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 10/100 (25%)Ardmore Shipping Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ASC.
Score Composition
Financial Data
More Stock Analysis
How is the ASC UQS Score Calculated?
The UQS (Unified Quality Score) for Ardmore Shipping Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Ardmore Shipping Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Ardmore Shipping Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.