Ardmore Shipping Corporation (ASC) vs Hornbeck Offshore Services Inc (HOS)

Ardmore Shipping Corporation and Hornbeck Offshore Services Inc are both Marine Shipping companies. Hornbeck Offshore Services Inc is the larger, with a market value of $1.2B against $698.2M — 1.7× the size. Ardmore Shipping Corporation trades at the lower P/E: 6.4× against 19.9×. Ardmore Shipping Corporation grew revenue faster over the last twelve months: 21.2% against 1.97%. Ardmore Shipping Corporation has the higher net margin (29.3% vs 3.04%) and the higher return on invested capital (9.58% vs 3.71%). Across the 22 metrics below, Ardmore Shipping Corporation leads on 12 and Hornbeck Offshore Services Inc on 10.

Valuation

Metric ASC HOS Marine Shipping median
P/E 6.35 19.93 7.37
P/S 1.86 0.61 1.71
P/B 1.02 0.50 0.85
Price to free cash flow 4.88 3.37 4.11
EV/EBITDA 4.69 1.68 5.98
EV/Sales 1.91 0.34 2.47
Earnings yield 15.74% 5.02% 13.14%
Free cash flow yield 20.50% 29.72% 19.49%

Profitability

Metric ASC HOS Marine Shipping median
Gross margin 46.92% 14.06% 60.61%
Operating margin 28.58% 5.63% 27.74%
Net margin 29.30% 3.04% 25.21%
Free cash flow margin 38.18% 18.06% 18.27%
Return on equity 16.72% 2.52% 8.04%
Return on assets 13.93% 1.51% 5.13%
Return on invested capital 9.58% 3.71% 5.17%

Growth

Metric ASC HOS Marine Shipping median
Revenue growth (TTM) 21.15% 1.97% 10.81%
EPS growth (last fiscal year) (71.24%) (41.67%) (20.39%)
Revenue growth, 5-year CAGR 7.11% 11.98% 11.95%
Net income growth, 5-year CAGR 0.00% 9.44% 0.00%

Health

Metric ASC HOS Marine Shipping median
Debt to equity 0.09 0.19 0.44
Current ratio 5.26 3.47 1.67
Net debt to EBITDA 0.92 (0.54) 2.34

Dividend

Metric ASC HOS Marine Shipping median
Dividend yield 8.02% — 4.83%
Payout ratio 0.51 — 0.30

Size

Metric ASC HOS Marine Shipping median
Market cap 698.15m 1.19b 435.67m

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