Ardmore Shipping Corporation (ASC) vs Diana Shipping inc. (DSX)

Ardmore Shipping Corporation and Diana Shipping inc. are both Marine Shipping companies. Ardmore Shipping Corporation is the larger, with a market value of $728.4M against $359.6M — 2.0× the size. Diana Shipping inc. trades at the lower P/E: 5.7× against 6.9×. Ardmore Shipping Corporation grew revenue faster over the last twelve months: 13.6% against −3.68%. Ardmore Shipping Corporation has the higher net margin (28.7% vs 25.2%) and the higher return on invested capital (9.57% vs 2.88%). Both pay a dividend; Diana Shipping inc. yields more (19.4% vs 6.26%). Across the 22 metrics below, Ardmore Shipping Corporation leads on 12 and Diana Shipping inc. on 10.

Valuation

Metric ASC DSX Marine Shipping median
P/E 6.89 5.71 6.89
P/S 1.98 1.48 1.92
P/B 1.04 0.58 0.90
Price to free cash flow 12.29 2.42 4.62
EV/EBITDA 4.79 16.14 6.57
EV/Sales 1.94 3.11 2.73
Earnings yield 14.51% 17.50% 9.59%
Free cash flow yield 8.14% 41.26% 16.76%

Profitability

Metric ASC DSX Marine Shipping median
Gross margin 47.15% 56.68% 60.61%
Operating margin 28.48% 19.25% 27.74%
Net margin 28.67% 25.21% 25.21%
Free cash flow margin 16.09% 61.21% 17.29%
Return on equity 16.02% 10.35% 8.62%
Return on assets 14.45% 4.68% 5.35%
Return on invested capital 9.57% 2.88% 5.32%

Growth

Metric ASC DSX Marine Shipping median
Revenue growth (TTM) 13.60% (3.68%) 13.26%
EPS growth (last fiscal year) (71.24%) 120.00% —
Revenue growth, 5-year CAGR 7.11% 4.70% 11.77%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASC DSX Marine Shipping median
Debt to equity 0.05 1.10 0.52
Current ratio 5.45 2.05 1.63
Net debt to EBITDA 0.92 4.50 2.34

Dividend

Metric ASC DSX Marine Shipping median
Dividend yield 6.26% 19.41% 5.54%
Payout ratio 0.18 0.81 0.13

Size

Metric ASC DSX Marine Shipping median
Market cap 728.39m 359.56m 420.73m

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