Ardmore Shpng
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 Shpng (ASC) - Net Assets
Latest net assets as of December 2025: $634.34 Million USD
Based on the latest financial reports, Ardmore Shpng (ASC) has net assets worth $634.34 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) and total liabilities ($154.39 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 | $634.34 Million |
| % of Total Assets | 80.43% |
| Annual Growth Rate | 18.12% |
| 5-Year Change | 92.81% |
| 10-Year Change | 56.91% |
| Growth Volatility | 35.09 |
Ardmore Shpng - Net Assets Trend (2011–2025)
This chart illustrates how Ardmore Shpng'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 Shpng (2011–2025)
The table below shows the annual net assets of Ardmore Shpng from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $634.34 Million | -0.17% |
| 2024-12-31 | $635.42 Million | +10.62% |
| 2023-12-31 | $574.44 Million | +13.43% |
| 2022-12-31 | $506.44 Million | +53.94% |
| 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 | +114.37% |
| 2012-12-31 | $108.39 Million | +75.95% |
| 2011-12-31 | $61.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ardmore Shpng'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 19294227000.0% 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% |
| Common Stock | $443.00K | 0.07% |
| Other Components | $445.10 Million | 70.17% |
| Total Equity | $634.34 Million | 100.00% |
Ardmore Shpng Competitors by Market Cap
The table below lists competitors of Ardmore Shpng ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Leadyo IC Testing Co. Ltd. A
SHG:688135
|
$516.78 Million |
|
Vinh Hoan Corp
VN:VHC
|
$516.79 Million |
|
Salvatore Ferragamo S.p.A
PINK:SFRGF
|
$516.81 Million |
|
Koza Anadolu Metal Madencilik Isletmeleri AS
IS:KOZAA
|
$516.98 Million |
|
China Everbright Limited
PINK:CEVIF
|
$516.63 Million |
|
Sakura Development Co Ltd
TW:2539
|
$516.37 Million |
|
Shanghai Maling Aquarius Co Ltd
SHG:600073
|
$516.26 Million |
|
Zevra Therapeutics Inc.
NASDAQ:ZVRA
|
$516.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ardmore Shpng'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.
- Other factors decreased equity by 26,758,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $41.01 Million | +6.47% |
| Dividends Paid | $15.34 Million | -2.42% |
| Other Changes | $-26.76 Million | -4.22% |
| Total Change | $- | -0.17% |
Book Value vs Market Value Analysis
This analysis compares Ardmore Shpng'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: 0.91x
- 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 1.85x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $7.65 | $14.15 | x |
| 2012-12-31 | $13.46 | $14.15 | x |
| 2013-12-31 | $18.98 | $14.15 | x |
| 2014-12-31 | $13.33 | $14.15 | x |
| 2015-12-31 | $13.34 | $14.15 | x |
| 2016-12-31 | $13.41 | $14.15 | x |
| 2017-12-31 | $11.39 | $14.15 | x |
| 2018-12-31 | $10.55 | $14.15 | x |
| 2019-12-31 | $9.85 | $14.15 | x |
| 2020-12-31 | $9.58 | $14.15 | x |
| 2021-12-31 | $9.71 | $14.15 | x |
| 2022-12-31 | $13.20 | $14.15 | x |
| 2023-12-31 | $13.74 | $14.15 | x |
| 2024-12-31 | $15.11 | $14.15 | x |
| 2025-12-31 | $15.54 | $14.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ardmore Shpng 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 (2.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | -4.83% | -13.30% | 0.14x | 2.61x | $-9.14 Million |
| 2012 | -4.19% | -18.03% | 0.14x | 1.66x | $-15.38 Million |
| 2013 | -1.65% | -10.71% | 0.10x | 1.54x | $-27.08 Million |
| 2014 | 0.51% | 2.47% | 0.12x | 1.74x | $-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 Shpng's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $7,703,227,706
- Average return on equity (ROE) among peers: 175.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ardmore Shpng (ASC) | $634.34 Million | -4.83% | 0.24x | $516.76 Million |
| Algoma Central Corporation (AGMJF) | $726.02 Million | 16.52% | 0.88x | $198.30 Million |
| AP Moeller - Maersk A/S A (AMKAF) | $32.09 Billion | -6.04% | 0.90x | $11.30 Billion |
| A.P. Møller - Mærsk A/S (AMKBF) | $33.38 Billion | 9.46% | 0.70x | $12.49 Billion |
| American Shipping Company ASA (ASCJF) | $114.51 Million | 1340.53% | 0.68x | $11.92 Million |
| Britannia Bulk Holdings Inc (BBLKF) | $72.78 Million | 63.23% | 4.43x | $9.84 |
| Braemar Shipping Services Plc (BSEAF) | $64.82 Million | 15.12% | 0.70x | $79.62 Million |
| BW LPG Limited (BWLP) | $1.94 Billion | 17.27% | 0.71x | $1.17 Billion |
| Caravelle International Group Ordinary Shares (CACO) | $10.02 Million | 122.03% | 2.55x | $12.08 Million |
| Capital Clean Energy Carriers Corp. (CCEC) | $933.40 Million | 4.05% | 0.57x | $172.78 Million |