ACNT - Ascent Industries Co. Stock Price, Fair Value and News

10.24USD-0.07 (-0.68%)Delayed

Market Summary

USD10.24-0.07

Delayed

-0.68%

ACNT Stock Price

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ACNT RSI Chart

ACNT Valuation

Market Cap

103.7M

Price/Earnings (Trailing)

-3.85

Price/Sales (Trailing)

0.57

EV/EBITDA

-3.18

Price/Free Cashflow

13.76

ACNT Price/Sales (Trailing)

ACNT Profitability

EBT Margin

-22.92%

Return on Equity

-26.4%

Return on Assets

-16.72%

Free Cashflow Yield

7.27%

ACNT Fundamentals

ACNT Revenue

Revenue (TTM)

182.4M

Rev. Growth (Yr)

-19.6%

Rev. Growth (Qtr)

7.02%

ACNT Earnings

Earnings (TTM)

-26.9M

Earnings Growth (Yr)

-5.63%

Earnings Growth (Qtr)

-149.31%

Breaking Down ACNT Revenue

Last 30 days

5.9%

Last 90 days

0.9%

How does ACNT drawdown profile look like?

ACNT Financial Health

Current Ratio

3.06

ACNT Investor Care

Buy Backs (1Y)

0.43%

Diluted EPS (TTM)

-2.68

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	182.4M	0	0	0
2023	245.6M	223.5M	206.1M	193.2M
2022	336.2M	325.5M	303.5M	262.0M
2021	251.1M	268.0M	294.9M	334.7M
2020	295.1M	282.4M	268.0M	256.0M
2019	307.2M	314.0M	309.9M	305.2M
2018	217.4M	237.8M	261.0M	280.8M
2017	144.5M	161.1M	181.4M	201.1M
2016	160.1M	144.9M	141.1M	138.6M
2015	201.4M	198.8M	188.5M	175.5M
2014	195.9M	198.1M	197.3M	199.5M
2013	200.9M	204.5M	203.5M	196.8M
2012	175.2M	180.7M	184.8M	197.7M
2011	158.7M	163.7M	168.0M	170.6M
2010	0	119.5M	135.3M	151.1M
2009	0	0	0	103.6M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Ascent Industries Co.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 10, 2024	kitchen john bryan	acquired	125,004	9.97	12,538	chief executive officer
Feb 10, 2024	kavalauskas ryan	acquired	75,004	9.97	7,523	chief financial officer
Feb 10, 2024	hutter christopher gerald	acquired	33,427	9.74	3,432	-
Jun 20, 2023	zuppo john robert iii	sold	-8,880	9.28	-957	-
Jun 13, 2023	schauerman john p.	acquired	99,999	10.025	9,975	-
Jun 13, 2023	rosenzweig benjamin l	acquired	114,997	10.025	11,471	-
Jun 13, 2023	mazzaferro aldo john jr	acquired	30,004	10.025	2,993	-
Jun 13, 2023	guy henry l	acquired	30,004	10.025	2,993	-
Nov 11, 2022	rosenzweig benjamin l	bought	27,075	10.83	2,500	-
Nov 11, 2022	hutter christopher gerald	bought	53,799	10.7599	5,000	president and ceo

Which funds bought or sold ACNT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	STATE STREET CORP	unchanged	-	20,492	331,460	-%
May 15, 2024	MORGAN STANLEY	added	9.35	68,990	485,768	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	reduced	-0.46	629	10,954	-%
May 15, 2024	BOOTHBAY FUND MANAGEMENT, LLC	reduced	-1.16	71,849	1,412,940	0.03%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-23.89	-733	3,149	-%
May 15, 2024	PERRITT CAPITAL MANAGEMENT INC	added	36.01	64,496	207,896	0.11%
May 15, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	added	2.55	97,727	1,147,730	0.02%
May 14, 2024	NORTHERN TRUST CORP	reduced	-6.13	143	254,180	-%
May 14, 2024	Minerva Advisors LLC	unchanged	-	24,461	555,930	0.34%
May 14, 2024	NewEdge Advisors, LLC	new	-	3,689	3,689	-%

Are Funds Buying or Selling ACNT?

Are funds buying ACNT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ACNT

No. of Funds

Unveiling Ascent Industries Co.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	mink brook partners lp	3.48%	352,066	SC 13G/A

Recent SEC filings of Ascent Industries Co.

View All Filings

Date Filed	Form Type	Document
May 14, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Apr 30, 2024	DEF 14A	DEF 14A
Apr 30, 2024	DEFA14A	DEFA14A
Apr 26, 2024	8-K	Current Report
Apr 01, 2024	10-K	Annual Report
Mar 28, 2024	8-K	Current Report
Mar 21, 2024	4	Insider Trading

Peers (Alternatives to Ascent Industries Co.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCCO	96.9B	9.7B	9.79%	81.46%	41.11	9.99	-3.73%	-11.90%
FCX	78.0B	23.8B	8.93%	52.10%	20.18	3.28	10.30%	6.62%
NEM	50.4B	13.2B	13.43%	1.09%	-18.86	3.83	13.70%	-408.56%
NUE	41.3B	34.1B	-10.72%	22.70%	9.75	1.21	-14.07%	-36.33%
RS	17.1B	14.5B	-7.36%	20.90%	13.61	1.18	-12.23%	-26.09%
CLF	8.3B	21.9B	-17.49%	13.86%	18.95	0.38	-1.92%	-15.58%
MID-CAP
HL	3.8T	710.3M	15.72%	16.03%	-44.1K	5.4K	-2.96%	-94.29%
AA	7.4B	10.5B	16.03%	12.06%	-10.88	0.71	-11.40%	15.25%
CMC	6.7B	8.4B	3.13%	26.83%	9.8	0.79	-8.32%	-10.17%
MTRN	2.4B	1.6B	-3.14%	10.94%	29.06	1.51	-8.15%	-14.39%
SMALL-CAP
CDE	2.4B	847.0M	32.96%	84.06%	-21.75	2.78	7.96%	2.02%
CENX	1.7B	2.1B	1.94%	121.74%	6.83	0.78	-17.61%	444.18%
CMP	544.4M	1.1B	-1.20%	-61.36%	-6.29	0.47	-6.57%	-123.93%
AUMN	6.9M	12.0M	-27.69%	-88.94%	-0.65	0.57	-48.46%	18.12%
GLG	996.8K	134.6M	-	-92.73%	0.82	0.01	-14.16%	-64.26%

Ascent Industries Co. News

Latest updates

Ascent Industries Co. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In null)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	7.0%	44,110	41,216	46,747	50,355	54,861	54,180	64,132	72,443	71,238	95,668	86,182	83,087	69,778	55,901	59,266	66,136	74,697	67,946	73,640	78,778	84,804
Gross Profit	217.7%	2,528	-2,148	2,984	-776	1,466	4,889	8,257	14,350	15,791	19,938	18,006	14,087	8,735	6,145	4,995	4,361	7,151	6,963	7,288	7,838	8,684
S&GA Expenses	123.3%	7,759	3,474	7,352	6,957	9,553	1,910	9,258	8,122	8,646	8,203	6,948	8,124	6,869	7,630	6,275	7,043	7,770	-	-	-	-
EBITDA Margin	-4.7%	-0.18*	-0.17*	-0.15*	-0.06*	0.01*	0.08*	0.16*	0.17*	0.14*	0.10*	0.06*	-0.02*	-0.08*	-	-	-	-	-	-	-	-
Interest Expenses	-87.6%	127	1,021	1,063	1,047	1,107	1,105	827	407	403	418	329	353	387	407	452	532	719	841	944	1,010	1,024
Income Taxes	71.7%	-1,166	-4,115	-964	-897	-1,407	-9,682	871	699	2,589	2,018	2,179	815	241	1,320	-2,530	-2,116	-1,380	-67.00	-112	-142	-406
Earnings Before Taxes	71.1%	-5,260	-18,175	-13,733	-4,645	-6,606	-16,164	3,976	11,521	12,849	10,084	10,378	3,701	1,335	-7,273	-13,069	-9,073	-2,558	-960	-1,066	-404	-1,333
EBT Margin	-2.6%	-0.23*	-0.22*	-0.20*	-0.10*	-0.03*	0.05*	0.13*	0.14*	0.11*	0.08*	0.03*	-0.06*	-0.11*	-	-	-	-	-	-	-	-
Net Income	-149.3%	-5,493	11,139	-17,932	-14,636	-5,200	127	624	11,057	10,258	8,066	8,199	2,886	1,094	-8,593	-10,539	-6,957	-1,178	-893	-954	-262	-927
Net Income Margin	-7.1%	-0.15*	-0.14*	-0.18*	-0.09*	0.03*	0.08*	0.10*	0.12*	0.09*	0.06*	0.01*	-0.06*	-0.10*	-	-	-	-	-	-	-	-
Free Cashflow	-106.7%	-89.00	1,326	2,278	4,023	12,566	4,065	-2,790	1,631	-723	2,133	10,993	5,445	-1,013	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.4%	161	163	215	232	255	269	299	306	290	266	224	217	215	207	225	251	263	257	272	281	288
Current Assets	-3.1%	87.00	89.00	135	140	158	170	199	204	186	160	152	142	138	127	136	148	154	147	161	167	172
Cash Equivalents	-29.8%	1.00	2.00	1.00	1.00	0.00	1.00	1.00	0.00	1.00	2.00	1.00	1.00	0.00	0.00	0.00	1.00	0.00	1.00	0.00	0.00	1.00
Inventory	-2.1%	51.00	52.00	83.00	74.00	100	68.00	138	135	112	103	98.00	90.00	89.00	85.00	89.00	2.00	97.00	98.00	106	110	114
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41.00	41.00	42.00	43.00
Goodwill	-	-	-	-	11.00	11.00	11.00	11.00	13.00	13.00	13.00	1.00	1.00	1.00	1.00	7.00	18.00	18.00	18.00	8.00	8.00	7.00
Liabilities	5.6%	59.00	56.00	119	118	126	135	140	145	150	154	-	-	-	127	-	-	-	-	-	-	-
Current Liabilities	14.1%	28.00	25.00	37.00	34.00	38.00	33.00	61.00	72.00	63.00	50.00	50.00	40.00	37.00	31.00	35.00	40.00	42.00	41.00	46.00	50.00	49.00
Long Term Debt	-	-	-	51.00	52.00	56.00	69.00	70.00	66.00	69.00	68.00	47.00	58.00	62.00	60.00	67.00	75.00	74.00	72.00	79.00	82.00	87.00
LT Debt, Current	-	-	-	-	-	-	2.00	-	-	2.00	2.00	2.00	2.00	1.00	1.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00
LT Debt, Non Current	-	-	-	51.00	52.00	56.00	69.00	70.00	66.00	69.00	68.00	47.00	58.00	62.00	60.00	67.00	75.00	74.00	72.00	79.00	82.00	87.00
Shareholder's Equity	-5.1%	102	107	96.00	114	129	134	135	134	122	112	93.00	85.00	82.00	80.00	88.00	98.00	105	107	107	107	107
Retained Earnings	-9.4%	53.00	59.00	47.00	65.00	80.00	85.00	85.00	84.00	73.00	63.00	55.00	47.00	44.00	43.00	51.00	62.00	69.00	71.00	71.00	72.00	73.00
Additional Paid-In Capital	-0.5%	47.00	47.00	47.00	47.00	47.00	47.00	47.00	46.00	46.00	46.00	37.00	37.00	38.00	38.00	38.00	-	-	37.00	-	-	-
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.00	60.00	59.00
Shares Outstanding	-8.7%	10.00	11.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	9.00	9.00	9.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	63.00	-	-	-	98.00	-	-	-	66.00	-	-	-	39.00	-	-	-	77.00	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-86.1%	216	1,551	3,455	4,682	13,390	4,584	-1,896	2,495	394	2,869	11,191	5,763	-768	12,008	6,143	469	-642	10,713	4,702	7,126	6,099
Share Based Compensation	-31.5%	209	305	304	103	311	404	505	314	132	104	239	269	187	755	270	430	336	331	908	237	615
Cashflow From Investing	-100.6%	-305	53,306	-1,180	-801	-824	-1,513	-1,137	-1,213	-1,112	-32,954	718	-198	-227	-714	910	1,385	-587	-1,696	-767	-679	-22,553
Cashflow From Financing	99.1%	-510	-53,736	-2,262	-3,585	-13,586	-2,162	3,320	-2,278	-62.00	30,932	-11,496	-5,202	1,157	-11,221	-8,302	-464	625	-8,644	-3,705	-7,029	14,839
Buy Backs	-57.9%	162	385	397	177	327	851	492	-	-	-	-	-	-	-	-	-	635	-	-	-	-

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ACNT Income Statement

2024-03-31

Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 44,110	$ 54,860
Cost of sales	41,582	53,394
Gross profit	2,528	1,466
Selling, general and administrative	7,759	7,588
Acquisition costs and other	22	261
Operating loss from continuing operations	(5,253)	(6,383)
Other expense (income)
Interest expense	127	1,107
Other, net	(120)	(95)
Loss from continuing operations before income taxes	(5,260)	(7,395)
Income tax benefit	(1,166)	(1,607)
Loss from continuing operations	(4,094)	(5,788)
(Loss) income from discontinued operations, net of tax	(1,399)	589
Net loss	$ (5,493)	$ (5,199)
Net loss per common share from continuing operations:
Basic (in dollars per share)	$ (0.41)	$ (0.57)
Diluted (in dollars per share)	(0.41)	(0.57)
Net (loss) income per common share from discontinued operations:
Basic (in dollars per share)	(0.14)	0.06
Diluted (in dollars per share)	(0.14)	0.06
Net loss per common share:
Basic (in dollars per share)	(0.54)	(0.51)
Diluted (in dollars per share)	$ (0.54)	$ (0.51)
Weighted average shares outstanding:
Basic (in shares)	10,094	10,148
Diluted (in shares)	10,094	10,148

ACNT Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,299	$ 1,851
Accounts receivable, net of allowance for credit losses of $792 and $463, respectively	28,160	26,604
Inventories	51,197	52,306
Prepaid expenses and other current assets	4,146	4,879
Assets held for sale	1,792	2,912
Current assets of discontinued operations	46	861
Total current assets	86,640	89,413
Property, plant and equipment, net	28,648	29,755
Right-of-use assets, operating leases, net	27,431	27,784
Intangible assets, net	8,129	8,496
Deferred income taxes	7,366	5,808
Deferred charges, net	79	104
Other non-current assets, net	2,678	1,935
Total assets	160,971	163,295
Current liabilities:
Accounts payable	20,549	16,416
Accrued expenses and other current liabilities	4,824	5,108
Current portion of note payable	88	360
Current portion of operating lease liabilities	1,170	1,140
Current portion of finance lease liabilities	288	292
Current liabilities of discontinued operations	1,376	1,473
Total current liabilities	28,295	24,789
Long-term portion of operating lease liabilities	29,419	29,729
Long-term portion of finance lease liabilities	1,236	1,307
Other long-term liabilities	57	60
Total non-current liabilities	30,712	31,096
Total liabilities	59,007	55,885
Commitments and contingencies – See Note 13
Shareholders' equity:
Common stock, par value $1 per share; 24,000,000 shares authorized; 11,085,103 and 10,124,781 shares issued and outstanding, respectively	11,085	11,085
Capital in excess of par value	47,097	47,333
Retained earnings	53,024	58,517
Shareholders' equity before treasury stock	111,206	116,935
Less: cost of common stock in treasury - 960,323 and 990,282 shares, respectively	(9,242)	(9,525)
Total shareholders' equity	101,964	107,410
Total liabilities and shareholders' equity	$ 160,971	$ 163,295

About Ascent Industries Co.

Ascent Industries Co. an industrials company, focuses on the production and distribution of industrial tubular products and specialty chemicals in the United States and internationally. The company operates through two segments, Tubular Products and Specialty Chemicals. It manufactures welded pipes and tubes, primarily from stainless steel, duplex, and nickel alloys; and galvanized carbon tubes, as well as related stainless pipe products. The company also manufactures ornamental stainless steel tubes for supply to the automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries; and distributes hot finish, seamless, carbon steel pipes, and tubes for use in mechanical and high-pressure applications in the oil and gas, heavy industrial, construction equipment, and chemical and other industries. In addition, it produces defoamers, surfactants, and lubricating agents for end users, including companies that supply agrochemical paper, metal working, coatings, water treatment, paint, mining, oil and gas, and janitorial and other applications. Further, the company provides contract manufacturing services, as well as operates as a multi-purpose plant to process various difficult to handle materials, including flammable solvents, viscous liquids, and granular solids. The company was formerly known as Synalloy Corporation and changed its name to Ascent Industries Co. in August 2022. Ascent Industries Co. was founded in 1945 and is based in Oak Brook, Illinois.

CEO	Mr. Christopher Gerald Hutter
WEBSITE	ascentco.com
INDUSTRY	Metals and Mining
EMPLOYEES	698

Ascent Industries Co. Frequently Asked Questions

What is the ticker symbol for Ascent Industries Co.? What does ACNT stand for in stocks?

ACNT is the stock ticker symbol of Ascent Industries Co.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ascent Industries Co. (ACNT)?

As of Fri May 17 2024, market cap of Ascent Industries Co. is 103.73 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ACNT stock?

You can check ACNT's fair value in chart for subscribers.

What is the fair value of ACNT stock?

You can check ACNT's fair value in chart for subscribers. The fair value of Ascent Industries Co. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ascent Industries Co. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ACNT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ascent Industries Co. a good stock to buy?

The fair value guage provides a quick view whether ACNT is over valued or under valued. Whether Ascent Industries Co. is cheap or expensive depends on the assumptions which impact Ascent Industries Co.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ACNT.

What is Ascent Industries Co.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, ACNT's PE ratio (Price to Earnings) is -3.85 and Price to Sales (PS) ratio is 0.57. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ACNT PE ratio will change depending on the future growth rate expectations of investors.