Ardmore Shipping Corporation
Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 26 vessels, including 22 owned Eco-design vessels and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Ardmore Shipping Corporation was founded in 2010 and is h… Read more
Ardmore Shipping Corporation (A61) - Net Assets
Latest net assets as of September 2025: €655.95 Million EUR
Based on the latest financial reports, Ardmore Shipping Corporation (A61) has net assets worth €655.95 Million EUR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€799.81 Million) and total liabilities (€143.86 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €655.95 Million |
| % of Total Assets | 82.01% |
| Annual Growth Rate | 9.58% |
| 5-Year Change | 98.36% |
| 10-Year Change | 82.8% |
| Growth Volatility | 19.04 |
Ardmore Shipping Corporation - Net Assets Trend (2013–2024)
This chart illustrates how Ardmore Shipping Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ardmore Shipping Corporation (2013–2024)
The table below shows the annual net assets of Ardmore Shipping Corporation from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €635.42 Million | +10.62% |
| 2023-12-31 | €574.44 Million | +13.43% |
| 2022-12-31 | €506.44 Million | +53.93% |
| 2021-12-31 | €329.00 Million | +2.70% |
| 2020-12-31 | €320.33 Million | -1.75% |
| 2019-12-31 | €326.06 Million | -5.92% |
| 2018-12-31 | €346.58 Million | -9.03% |
| 2017-12-31 | €380.97 Million | -5.76% |
| 2016-12-31 | €404.27 Million | +16.30% |
| 2015-12-31 | €347.61 Million | +6.24% |
| 2014-12-31 | €327.20 Million | +40.82% |
| 2013-12-31 | €232.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ardmore Shipping Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 17743896600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €164.91 Million | 25.95% |
| Other Components | €470.51 Million | 74.05% |
| Total Equity | €635.42 Million | 100.00% |
Ardmore Shipping Corporation Competitors by Market Cap
The table below lists competitors of Ardmore Shipping Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Atom Hoteles Socimi
MC:YATO
|
$463.61 Million |
|
Quick Intelligent Equipment Co Ltd
SHG:603203
|
$463.63 Million |
|
Century Plyboards (India) Limited
NSE:CENTURYPLY
|
$463.69 Million |
|
SP GROUP AS NAM. DK 2
F:1PU2
|
$463.76 Million |
|
Shenzhen Nanshan Power Co Ltd
SHE:000037
|
$463.41 Million |
|
FONDUL PRO.GDR REGS LN-85
F:FP4G
|
$463.37 Million |
|
OBiO Technology (Shanghai) Corp. Ltd. A
SHG:688238
|
$463.33 Million |
|
DAILY JOURNAL CORP.DL-01
F:DJ1
|
$463.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ardmore Shipping Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 574,444,000 to 635,424,000, a change of 60,980,000 (10.6%).
- Net income of 133,006,000 contributed positively to equity growth.
- Dividend payments of 48,884,000 reduced retained earnings.
- Share repurchases of 27,935,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €133.01 Million | +20.93% |
| Dividends Paid | €48.88 Million | -7.69% |
| Share Repurchases | €27.93 Million | -4.4% |
| Other Changes | €4.79 Million | +0.75% |
| Total Change | €- | 10.62% |
Book Value vs Market Value Analysis
This analysis compares Ardmore Shipping Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.04x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €11.85 | €12.37 | x |
| 2018-12-31 | €10.47 | €12.37 | x |
| 2019-12-31 | €9.85 | €12.37 | x |
| 2020-12-31 | €9.65 | €12.37 | x |
| 2021-12-31 | €9.57 | €12.37 | x |
| 2022-12-31 | €12.47 | €12.37 | x |
| 2023-12-31 | €13.91 | €12.37 | x |
| 2024-12-31 | €15.12 | €12.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ardmore Shipping Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.78%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.11x
- Recent ROE (20.93%) is above the historical average (3.48%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -1.65% | -10.71% | 0.10x | 1.54x | €-27.08 Million |
| 2014 | 0.51% | 2.47% | 0.12x | 1.72x | €-31.06 Million |
| 2015 | 9.19% | 20.24% | 0.20x | 2.24x | €-2.81 Million |
| 2016 | 0.93% | 2.28% | 0.19x | 2.19x | €-36.68 Million |
| 2017 | -3.28% | -6.37% | 0.23x | 2.22x | €-50.59 Million |
| 2018 | -12.39% | -20.43% | 0.25x | 2.44x | €-77.60 Million |
| 2019 | -7.01% | -9.94% | 0.30x | 2.37x | €-55.47 Million |
| 2020 | -1.89% | -2.75% | 0.29x | 2.35x | €-38.08 Million |
| 2021 | -11.20% | -19.14% | 0.27x | 2.20x | €-69.73 Million |
| 2022 | 27.34% | 31.06% | 0.62x | 1.43x | €87.81 Million |
| 2023 | 20.33% | 29.50% | 0.57x | 1.20x | €59.36 Million |
| 2024 | 20.93% | 32.78% | 0.58x | 1.11x | €69.46 Million |
Industry Comparison
This section compares Ardmore Shipping Corporation's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $128,830,437,763
- Average return on equity (ROE) among peers: 8.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ardmore Shipping Corporation (A61) | €655.95 Million | -1.65% | 0.22x | $463.52 Million |
| Chu Kong Shipping Enterprises (Group) Company Limited (CKW) | $3.55 Billion | 1.24% | 0.32x | $26.03 Million |
| EUROKAI GmbH & Co. KGaA (EUK3) | $425.13 Million | 9.68% | 0.58x | $807.53 Million |
| Hamburger Hafen und Logistik Aktiengesellschaft (HHFA) | $546.74 Million | 10.77% | 2.27x | $105.16 Million |
| Hapag Lloyd AG (HLAG) | $3.42 Billion | -0.84% | 0.93x | $1.00 Billion |
| Seacon Shipping Group Holdings Limited (K2N) | $231.38 Million | 30.40% | 1.59x | $53.12 Million |
| Kawasaki Kisen Kaisha Ltd (KLI1) | $467.44 Billion | 5.74% | 1.62x | $5.22 Billion |
| Mitsui O.S.K. Lines Ltd (MILA) | $683.62 Billion | 0.77% | 2.24x | $9.05 Billion |
| SLOMAN NEPTUN Schiffahrts-Aktiengesellschaft (NEP) | $165.85 Million | 4.28% | 0.90x | $30.73 Million |
| Singapore Shipping Corporation Limited (W1M) | $71.24 Million | 13.46% | 1.54x | $34.09 Million |