Ardmore Shipping Corporation (A61) - Net Assets

Latest as of December 2025: €634.34 Million EUR ≈ $741.61 Million USD

Based on the latest financial reports, Ardmore Shipping Corporation (A61) has net assets worth €634.34 Million EUR (≈ $741.61 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€788.72 Million ≈ $922.10 Million USD) and total liabilities (€154.39 Million ≈ $180.49 Million USD). 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. Read A61 liabilities breakdown for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€634.34 Million
% of Total Assets	80.43%
Annual Growth Rate	8.73%
5-Year Change	92.81%
10-Year Change	56.91%
Growth Volatility	18.49

Ardmore Shipping Corporation - Net Assets Trend (2013–2025)

This chart illustrates how Ardmore Shipping Corporation's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Ardmore Shipping Corporation for the complete picture of this company's asset base.

Annual Net Assets for Ardmore Shipping Corporation (2013–2025)

The table below shows the annual net assets of Ardmore Shipping Corporation from 2013 to 2025. For live valuation and market cap data, see Ardmore Shipping Corporation (A61) total market value.

Year	Net Assets	Change
2025-12-31	€634.34 Million ≈ $741.61 Million	-0.17%
2024-12-31	€635.42 Million ≈ $742.88 Million	+10.62%
2023-12-31	€574.44 Million ≈ $671.59 Million	+13.43%
2022-12-31	€506.44 Million ≈ $592.08 Million	+53.93%
2021-12-31	€329.00 Million ≈ $384.63 Million	+2.70%
2020-12-31	€320.33 Million ≈ $374.51 Million	-1.75%
2019-12-31	€326.06 Million ≈ $381.19 Million	-5.92%
2018-12-31	€346.58 Million ≈ $405.19 Million	-9.03%
2017-12-31	€380.97 Million ≈ $445.40 Million	-5.76%
2016-12-31	€404.27 Million ≈ $472.63 Million	+16.30%
2015-12-31	€347.61 Million ≈ $406.39 Million	+6.24%
2014-12-31	€327.20 Million ≈ $382.53 Million	+40.82%
2013-12-31	€232.36 Million ≈ $271.65 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 20132396600.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€188.80 Million	29.76%
Other Components	€445.54 Million	70.24%
Total Equity	€634.34 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
Jiangsu Smartwin Electronics Technology Co.Ltd. SHE:301106	$534.95 Million
Bradespar S.A SA:BRAP3	$535.02 Million
MK Restaurant Group Public Company Limited BK:M	$535.14 Million
Harbin Medisan Pharmaceutical Co Ltd SHE:002900	$535.14 Million
Lanzhou Minbai Shareholding Group Co Ltd SHG:600738	$534.75 Million
Tianjin Pengling Rubber Hose Co Ltd SHE:300375	$534.75 Million
Wuhan DDMC Culture Co Ltd SHG:600136	$534.56 Million
Hefei Taihe Optoelectronic SHG:603656	$534.34 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 2024 to 2025, total equity changed from 635,424,000 to 634,337,000, a change of -1,087,000 (-0.2%).
Net income of 41,014,000 contributed positively to equity growth.
Dividend payments of 15,343,000 reduced retained earnings.
Share repurchases of 30,000,000 reduced equity.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€41.01 Million	+6.47%
Dividends Paid	€15.34 Million	-2.42%
Share Repurchases	€30.00 Million	-4.73%
Other Changes	€3.24 Million	+0.51%
Total Change	€-	-0.17%

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: 0.99x
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 1.29x to 0.99x 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	€15.35	x
2018-12-31	€10.47	€15.35	x
2019-12-31	€9.85	€15.35	x
2020-12-31	€9.65	€15.35	x
2021-12-31	€9.57	€15.35	x
2022-12-31	€12.47	€15.35	x
2023-12-31	€13.91	€15.35	x
2024-12-31	€15.12	€15.35	x
2025-12-31	€15.57	€15.35	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): 6.47%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.22%
• Asset Turnover: 0.39x
• Equity Multiplier: 1.24x
Recent ROE (6.47%) is above the historical average (3.71%), 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
2025	6.47%	13.22%	0.39x	1.24x	€-22.42 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: $42,861,017,348
Average return on equity (ROE) among peers: 5.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ardmore Shipping Corporation (A61)	€634.34 Million	-1.65%	0.24x	$534.92 Million
2020 Bulkers Ltd. (0FF)	$142.10 Million	7.81%	1.78x	$9.47 Million
Qingdao Port International Co. Ltd (0QP)	$36.74 Billion	10.46%	0.56x	$1.04 Billion
ZIM Integrated Shipping Services Ltd. (2SV)	$2.46 Billion	-109.67%	2.40x	$3.05 Billion
HAV GROUP ASA (6HH)	$152.48 Million	49.65%	2.86x	$28.14 Million
BW LPG Limited (BW9)	$1.25 Billion	19.48%	0.93x	$2.25 Billion
COSCO SHIPPING Holdings Co. Ltd (C6G)	$285.06 Billion	17.25%	0.75x	$5.09 Billion
A.P.MOELL-M.B U.ADR 1/200 (DP4H)	$56.70 Billion	4.81%	0.56x	$11.30 Billion
PERFORMANCE SHIPP. (DS2)	$233.18 Million	29.77%	0.27x	$19.94 Million
DANAOS CORP. DL -01 (DVW1)	$3.02 Billion	19.11%	0.21x	$1.82 Billion

About Ardmore Shipping Corporation

F:A61 Germany Marine Shipping

Market Cap

$732.23 Million

€626.32 Million EUR

Market Cap Rank

#12196 Global

#1324 in Germany

Share Price

€15.35

Change (1 day)

+5.57%

52-Week Range

€8.10 - €15.35

All Time High

€20.61