ASCArdmore Shipping Corp
Deep Sea Foreign Transportation Of Freight
- Revenue
- $310M
- 24% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $854M
- Employees
- —
- Net debt / EBITDA
- —
- $49M net debt
- AI in 10-K
- —
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo199% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo37% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo—Any vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo—Bottom quartile of AI mentions in 10-Ks
- Net cashNo1.9× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$854M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$1M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $192M | $446M | $396M | $406M | $310M | 24% |
| Net income | −$37M | $138M | $117M | $133M | $41M | 69% |
| Operating cash flow | −$3M | $124M | $160M | $160M | $82M | 49% |
| Stock-based comp | $3M | $3M | $3M | $5M | $3M | 40% |
| Buybacks | — | — | — | $18M | — | |
| Dividends | — | — | $47M | $45M | $12M | 73% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $1M · 9
- Net
- −$1M
Pay vs performance
No pay-versus-performance disclosure yet.