As of June 16, 2025, American Shipping Company ASA has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $1.61, this represents a potential upside of 0.0%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | 0.0% |
| Potential Upside (10-year) | 0.0% |
| Discount Rate (WACC) | - |
Revenue is projected to grow from $94 million in 12-2022 to $75 million by 12-2032, representing a compound annual growth rate of approximately -2.2%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 12-2022 | 94 | 6% |
| 12-2023 | 99 | 6% |
| 12-2024 | 62 | -37% |
| 12-2025 | 62 | 0% |
| 12-2026 | 63 | 2% |
| 12-2027 | 64 | 2% |
| 12-2028 | 66 | 2% |
| 12-2029 | 67 | 2% |
| 12-2030 | 70 | 5% |
| 12-2031 | 73 | 4% |
| 12-2032 | 75 | 3% |
Net profit margin is expected to improve from 20% in 12-2022 to 20% by 12-2032, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 12-2022 | 19 | 20% |
| 12-2023 | 20 | 20% |
| 12-2024 | 12 | 20% |
| 12-2025 | 12 | 20% |
| 12-2026 | 13 | 20% |
| 12-2027 | 13 | 20% |
| 12-2028 | 13 | 20% |
| 12-2029 | 13 | 20% |
| 12-2030 | 14 | 20% |
| 12-2031 | 15 | 20% |
| 12-2032 | 15 | 20% |
with a 5-year average of $1 million. Projected CapEx is expected to maintain at approximately 1% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 12-2023 | 1 |
| 12-2024 | 1 |
| 12-2025 | 1 |
| 12-2026 | 1 |
| 12-2027 | 1 |
| 12-2028 | 1 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 36 |
| Days Inventory | 0 |
| Days Payables | 0 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 3M/2023 | 13 | 3 | 0 | (1) | 11 |
| 2024 | 34 | 7 | 1 | (2) | 28 |
| 2025 | 33 | 7 | 1 | (1) | 26 |
| 2026 | 34 | 7 | 1 | (0) | 26 |
| 2027 | 35 | 7 | 1 | 1 | 27 |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | 0.0% |
| 10-Year DCF (Growth) | 0.00 | 0.0% |
| 5-Year DCF (EBITDA) | 27.39 | 1605.5% |
| 10-Year DCF (EBITDA) | 34.45 | 2044.9% |
Is American Shipping Company ASA (AMSC.OL) a buy or a sell? American Shipping Company ASA is definitely a buy. Based on our DCF analysis, American Shipping Company ASA (AMSC.OL) appears to be overvalued with upside potential of 0.0%.
Investors should consider reducing exposure at the current market price of $1.61.