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

10.16USD-0.09 (-0.88%)Market Closed

Market Summary

USD10.16-0.09

Market Closed

-0.88%

ACNT Stock Price

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ACNT RSI Chart

ACNT Valuation

Market Cap

103.8M

Price/Earnings (Trailing)

-3.9

Price/Sales (Trailing)

0.43

EV/EBITDA

-3.13

Price/Free Cashflow

5.14

ACNT Price/Sales (Trailing)

ACNT Profitability

EBT Margin

-17.95%

Return on Equity

-24.79%

Return on Assets

-16.31%

Free Cashflow Yield

19.46%

ACNT Fundamentals

ACNT Revenue

Revenue (TTM)

240.4M

Rev. Growth (Yr)

-23.93%

Rev. Growth (Qtr)

-26.55%

ACNT Earnings

Earnings (TTM)

-26.6M

Earnings Growth (Yr)

8.7K%

Earnings Growth (Qtr)

162.12%

Breaking Down ACNT Revenue

52 Week Range

10.24

(Low)(High)

Last 7 days

-1.2%

Last 30 days

-6.0%

Last 90 days

2.7%

How does ACNT drawdown profile look like?

ACNT Financial Health

Current Ratio

3.61

Debt/Equity

0.47

Debt/Cashflow

0.46

ACNT Investor Care

Buy Backs (1Y)

8.66%

Diluted EPS (TTM)

-2.65

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	299.5M	275.5M	253.4M	240.4M
2022	381.2M	382.7M	374.7M	333.2M
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>

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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

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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 01, 2024	CONCOURSE FINANCIAL GROUP SECURITIES, INC.	sold off	-	-	-	-%
May 01, 2024	BNP PARIBAS FINANCIAL MARKETS	unchanged	-	83.00	1,335	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-23.92	-31,335	134,426	-%
Apr 17, 2024	DELTEC ASSET MANAGEMENT LLC	unchanged	-	29,218	472,592	0.09%
Mar 11, 2024	VANGUARD GROUP INC	added	3.7	247,687	2,352,220	-%
Feb 14, 2024	BRIDGEWAY CAPITAL MANAGEMENT, LLC	reduced	-23.36	-221,210	1,050,000	0.02%
Feb 14, 2024	STATE STREET CORP	unchanged	-	22,445	310,968	-%
Feb 14, 2024	BANK OF AMERICA CORP /DE/	added	0.47	790	10,325	-%
Feb 14, 2024	Coppell Advisory Solutions LLC	reduced	-64.2	-425	277	-%
Feb 14, 2024	Empowered Funds, LLC	added	9.68	51,274	332,879	0.01%

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
Apr 30, 2024	DEFA14A	DEFA14A
Apr 30, 2024	DEF 14A	DEF 14A
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
Mar 18, 2024	NT 10-K	NT 10-K
Feb 15, 2024	8-K	Current Report
Feb 15, 2024	4	Insider Trading
Feb 15, 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	87.4B	9.7B	4.85%	48.45%	37.06	9	-3.73%	-11.90%
FCX	70.0B	22.9B	0.83%	34.27%	18.65	3.06	0.33%	-16.25%
NEM	47.3B	13.2B	11.58%	-13.56%	-17.7	3.6	13.70%	-408.56%
NUE	41.1B	34.7B	-14.01%	16.68%	9.08	1.18	-16.38%	-40.52%
RS	16.7B	14.5B	-12.68%	18.03%	13.26	1.15	-12.23%	-26.09%
CLF	8.2B	21.9B	-22.74%	15.19%	18.73	0.38	-1.92%	-15.58%
MID-CAP
CMC	6.5B	8.4B	-3.24%	26.06%	9.6	0.78	-8.32%	-10.17%
AA	6.5B	10.5B	0.87%	2.66%	-9.48	0.62	-11.40%	15.25%
HL	3.0B	720.2M	-5.17%	-19.61%	-35.41	4.14	0.18%	-125.49%
MTRN	2.3B	1.6B	-11.28%	-7.07%	27.26	1.42	-8.15%	-14.39%
SMALL-CAP
CDE	1.9B	847.0M	14.63%	39.77%	-17.65	2.25	7.96%	2.02%
CENX	1.5B	2.1B	0.31%	100.99%	6.23	0.71	-17.61%	444.18%
CMP	524.2M	1.2B	-13.44%	-60.37%	-8.97	0.44	-5.61%	-206.82%
AUMN	7.1M	12.0M	2.08%	-91.09%	-0.77	0.59	-48.46%	6.84%
GLG	989.3K	134.6M	-	-93.63%	-1.37	0.01	-14.16%	-115.91%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-26.5%	41,216	56,113	60,665	82,452	54,180	78,221	84,600	116,218	95,668	86,182	83,087	69,778	55,901	59,266	66,136	74,697	67,946	73,640	78,778	84,804	72,674
Gross Profit	-135.7%	-2,148	6,016	3,225	4,292	4,889	14,092	20,184	22,496	19,938	18,006	14,087	8,735	6,145	4,995	4,361	7,151	6,963	7,288	7,838	8,684	10,259
S&GA Expenses	-52.7%	3,474	7,352	6,957	9,553	9,222	9,258	8,122	8,646	8,203	6,948	8,124	6,869	7,630	6,275	7,043	7,770	-	-	-	-	-
EBITDA Margin	-54.2%	-0.14*	-0.09*	-0.02*	0.04*	0.09*	0.13*	0.14*	0.12*	0.10*	0.06*	-0.02*	-0.08*	-0.09*	-	-	-	-	-	-	-	-
Interest Expenses	-4.0%	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	907
Income Taxes	-326.9%	-4,115	-964	-897	-1,407	-8,325	871	699	2,589	2,018	2,179	815	241	1,320	-2,530	-2,116	-1,380	-67.00	-112	-142	-406	-85.00
Earnings Before Taxes	-32.3%	-18,175	-13,733	-4,645	-6,606	-10,319	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	464
EBT Margin	-28.8%	-0.18*	-0.14*	-0.06*	0.00*	0.05*	0.10*	0.12*	0.10*	0.08*	0.03*	-0.06*	-0.11*	-0.12*	-	-	-	-	-	-	-	-
Net Income	162.1%	11,139	-17,932	-14,636	-5,199	127	624	11,057	10,260	8,066	8,199	2,886	1,094	-8,593	-10,539	-6,957	-1,178	-893	-954	-262	-927	549
Net Income Margin	25.4%	-0.11*	-0.15*	-0.07*	0.02*	0.07*	0.08*	0.10*	0.08*	0.06*	0.01*	-0.06*	-0.10*	-0.11*	-	-	-	-	-	-	-	-
Free Cashflow	-41.8%	1,326	2,278	4,023	12,566	2,385	-2,790	1,631	-723	2,133	10,993	5,445	-1,013	11,084	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-24.1%	163	215	232	255	269	299	306	290	266	224	217	215	207	225	251	263	257	272	281	288	228
Current Assets	-33.8%	89.00	135	140	158	170	199	204	186	160	152	142	138	127	136	148	154	147	161	167	172	167
Cash Equivalents	153.6%	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	2.00
Inventory	-37.0%	52.00	83.00	74.00	100	86.00	138	135	112	103	98.00	90.00	89.00	85.00	89.00	2.00	97.00	98.00	106	110	114	114
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41.00	41.00	42.00	43.00	41.00
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	10.00
Liabilities	-53.0%	56.00	119	118	126	135	140	145	150	154	-	-	-	127	-	-	-	-	-	-	-	-
Current Liabilities	-32.7%	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	37.00
Long Term Debt	-100.0%	-	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	76.00
LT Debt, Current	-	-	-	-	-	-	-	-	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	-100.0%	-	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	76.00
Shareholder's Equity	11.5%	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	102
Retained Earnings	23.5%	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	69.00
Additional Paid-In Capital	0.3%	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	-	-	-	37.00
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	63.00	60.00	59.00	57.00
Shares Outstanding	0%	11.00	11.00	11.00	11.00	10.00	10.00	10.00	10.00	10.00	9.00	9.00	9.00	9.00	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	-	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-55.1%	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	-6,937
Share Based Compensation	0.3%	305	304	103	311	456	505	314	132	104	239	269	187	755	270	430	336	331	908	237	615	205
Cashflow From Investing	4617.5%	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	-2,871
Cashflow From Financing	-2275.6%	-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	10,157
Buy Backs	-4.0%	381	397	177	327	851	492	-	-	-	-	-	-	-	-	-	635	-	-	-	-	-

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ACNT Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 193,179	$ 261,993
Cost of sales	191,653	218,706
Gross profit	1,526	43,287
Selling, general and administrative expense	26,712	27,640
Acquisition costs and other	855	1,104
Goodwill impairment	11,389	0
Operating (loss) income from continuing operations	(37,430)	14,543
Other (income) and expense
Interest expense	4,238	2,742
Other, net	(593)	(209)
(Loss) income from continuing operations before income taxes	(41,075)	12,010
Income tax benefit	(6,924)	(5,568)
(Loss) income from continuing operations	(34,151)	17,578
Income from discontinued operations, net of tax	7,522	4,488
Net (loss) income	$ (26,629)	$ 22,066
Net (loss) income per common share from continuing operations
Basic (in dollars per share)	$ (3.37)	$ 1.72
Diluted (in dollars per share)	(3.37)	1.69
Net income per common share from discontinued operations
Basic (in dollars per share)	0.74	0.44
Diluted (in dollars per share)	0.74	0.43
Net (loss) income per common share
Basic (in dollars per share)	(2.63)	2.16
Diluted (in dollars per share)	$ (2.63)	$ 2.12
Weighted average number of common shares outstanding:
Basic (in shares)	10,140	10,230
Diluted (in shares)	10,140	10,410

ACNT Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,851	$ 1,440
Accounts receivable, net	26,604	33,202
Inventories
Raw materials	21,020	33,405
Work-in-process	13,711	10,811
Finished goods	17,575	23,455
Total inventories	52,306	67,671
Prepaid expenses and other current assets	4,879	7,770
Assets held for sale	2,912	380
Current assets of discontinued operations	861	59,912
Total current assets	89,413	170,375
Property, plant and equipment, net	29,755	35,534
Right-of-use assets, operating leases, net	27,784	29,142
Goodwill	0	11,389
Intangible assets, net	8,496	10,001
Deferred income taxes	5,808	1,353
Deferred charges, net	104	203
Other non-current assets	1,935	1,862
Long-term assets of discontinued operations	0	9,184
Total assets	163,295	269,043
Current liabilities:
Accounts payable	16,416	14,114
Accrued expenses and other current liabilities	5,108	5,509
Current portion of note payable	360	387
Current portion of long-term debt	0	2,464
Current portion of operating lease liabilities	1,140	1,015
Current portion of finance lease liabilities	292	280
Current liabilities of discontinued operations	1,473	9,709
Total current liabilities	24,789	33,478
Long-term debt	0	69,085
Long-term portion of operating lease liabilities	29,729	30,869
Long-term portion of finance lease liabilities	1,307	1,242
Other long-term liabilities	60	68
Long-term liabilities of discontinued operations	0	42
Total liabilities	55,885	134,784
Commitments and contingencies – see Note 15
Shareholders' equity:
Common stock - $1 par value: 24,000,000 shares authorized; 11,085,103 and 10,094,821 shares issued and outstanding, respectively	11,085	11,085
Capital in excess of par value	47,333	47,021
Retained earnings	58,517	85,146
Shareholders' equity before treasury stock	116,935	143,252
Less cost of common stock in treasury - 990,282 and 924,504 shares, respectively	(9,525)	(8,993)
Total shareholders' equity	107,410	134,259
Total liabilities and shareholders' equity	$ 163,295	$ 269,043

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 Thu May 02 2024, market cap of Ascent Industries Co. is 103.78 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 Thu May 02 2024, ACNT's PE ratio (Price to Earnings) is -3.9 and Price to Sales (PS) ratio is 0.43. 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.