0.90%
0.54%
18.57%
11.51%
12.29%
-32.53%
-12.39%
AI Spotlight on ACNT
Company Description
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.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; provides fiberglass and steel storage tanks for the oil and gas, waste water treatment, and municipal water 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 headquartered in Oak Brook, Illinois.
Market Data
| Last Price | 11.24 |
| Change Percentage | 0.90% |
| Open | 11.26 |
| Previous Close | 11.14 |
| Market Cap ( Millions) | 113 |
| Volume | 8416 |
| Year High | 12.38 |
| Year Low | 8.16 |
| M A 50 | 11.16 |
| M A 200 | 10.19 |
Financial Ratios
| FCF Yield | 6.60% |
| Dividend Yield | 0.00% |
| ROE | -1.41% |
| Debt / Equity | 35.79% |
| Net Debt / EBIDTA | -150.48% |
| Price To Book | 1.2 |
| Price Earnings Ratio | -79.33 |
| Price To FCF | 15.15 |
| Price To sales | 0.78 |
| EV / EBITDA | -8.24 |
News
- Jan -27 - Innovating Clean, Simplifying Care: Ascent Industries Launches New HI&I Ingredients Portfolio
- Nov -13 - Ascent Industries Co. (ACNT) Q3 2024 Earnings Call Transcript
- Oct -29 - Ascent Industries Sets Third Quarter 2024 Earnings Conference Call for November 12, 2024, at 5:00 p.m. ET
- Aug -27 - National Vision Releases 2023 Sustainability Report
- Aug -07 - Ascent Industries Co. (ACNT) Q2 2024 Earnings Call Transcript
- May -12 - Ascent Industries Co. (ACNT) Q1 2024 Earnings Call Transcript
- May -08 - Ascent Industries (ACNT) Reports Q1 Loss, Tops Revenue Estimates
- May -01 - Will Ascent Industries (ACNT) Report Negative Earnings Next Week? What You Should Know
- Apr -24 - Ascent Industries Sets First Quarter 2024 Earnings Conference Call for May 8, 2024, at 5:00 p.m. ET
- Apr -08 - New Strong Sell Stocks for April 8th
- Apr -03 - SNCR, SCOR, ACNT: Big Focus on Small Caps
- Mar -29 - Ascent Industries Co. (ACNT) Q4 2023 Earnings Call Transcript
- Mar -28 - Ascent Industries (ACNT) Reports Q4 Loss, Lags Revenue Estimates
- Feb -17 - Ascent Industries: Operations Are Improving Again
- Feb -14 - Ascent Industries Promotes New Executive Management Team
- Dec -26 - Ascent Industries Announces Sale of Specialty Pipe & Tube for $55 Million
- Nov -12 - Ascent Industries Co. (ACNT) Q3 2023 Earnings Call Transcript
- Nov -08 - Top 4 Materials Stocks That Are Set To Fly In Q4 - Albemarle (NYSE:ALB), Flexible Solutions Intl (AMEX:FSI)
- Aug -12 - Ascent Industries Co. (ACNT) Q2 2023 Earnings Call Transcript
- May -13 - Ascent Industries Co. (ACNT) Q1 2023 Earnings Call Transcript
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Tubular
Expected Growth : 11.47 %
What the company do ?
The Tubular from Ascent Industries Co. is a high-performance, modular, and scalable cannabis extraction system for efficient processing of cannabis and hemp.
Why we expect these perspectives ?
Tubular from Ascent Industries Co. exhibits 11.47% growth driven by increasing demand for oil country tubular goods, rising shale gas production, and growing investments in pipeline infrastructure. Additionally, the company's focus on product innovation, cost reduction, and strategic partnerships contribute to its growth momentum.
Segment n°2 -> Specialty Chemicals
Expected Growth : 4.83 %
What the company do ?
Ascent Industries Co.'s Specialty Chemicals segment offers customized chemical solutions for various industries, including adhesives, coatings, and plastics.
Why we expect these perspectives ?
Ascent Industries Co.'s Specialty Chemicals segment growth of 4.83% is driven by increasing demand from end-markets such as automotive and construction, coupled with the company's strategic expansion into high-growth regions like Asia. Additionally, the company's focus on innovative and sustainable product offerings, as well as its cost-saving initiatives, have contributed to the segment's growth momentum.
Segment n°3 -> All Other
Expected Growth : 4.65 %
What the company do ?
All Other from Ascent Industries Co. refers to the remaining business segments not classified under specific categories, including miscellaneous products and services.
Why we expect these perspectives ?
Ascent Industries Co.'s 'All Other' segment growth of 4.65% is driven by increasing demand for ancillary products, expansion into new markets, and strategic partnerships. Additionally, the company's focus on innovation, cost savings initiatives, and operational efficiencies have contributed to this growth.
Ascent Industries Co. Products
| Product Range | What is it ? |
|---|---|
| Aerius | Aerius is a line of premium cannabis products designed for the recreational market, offering a range of strains and products to suit different consumer preferences. |
| HempPure | HempPure is a line of CBD-based products, including oils, tinctures, and topicals, designed for the health and wellness market. |
| Paragon | Paragon is a line of cannabis-based products designed for the medical market, offering a range of products to support patient health and wellness. |
| Ridgeback | Ridgeback is a line of cannabis-based products designed for the pet market, offering a range of products to support pet health and wellness. |
| Cultivation Services | Ascent Industries offers cultivation services, including consulting, design, and implementation of cannabis cultivation facilities. |
| Extraction Services | Ascent Industries offers extraction services, including CO2 and ethanol extraction, to produce high-quality cannabis oils and concentrates. |
Ascent Industries Co.'s Porter Forces
Threat Of Substitutes
The threat of substitutes is moderate due to the availability of alternative products in the market.
Bargaining Power Of Customers
The bargaining power of customers is high due to the concentration of buyers in the market.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low due to the availability of multiple suppliers in the market.
Threat Of New Entrants
The threat of new entrants is moderate due to the moderate barriers to entry in the market.
Intensity Of Rivalry
The intensity of rivalry is high due to the high competition among existing players in the market.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 23.41% |
| Debt Cost | 7.98% |
| Equity Weight | 76.59% |
| Equity Cost | 7.98% |
| WACC | 7.98% |
| Leverage | 30.56% |
Ascent Industries Co. : Quality Control
Ascent Industries Co. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| USAP | Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. Its products include stainless steel, … |
| MTUS | Metallus Inc. manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. The company offers special bar quality (SBQ) bars, seamless mechanical tubes, … |
| FRD | Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The … |
| ZEUS | Olympic Steel, Inc. processes, distributes, and storage metal products in the United States and internationally. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and … |
| NTIC | Northern Technologies International Corporation develops and markets rust and corrosion inhibiting products and services in North America, South America, Europe, Asia, the Middle East and internationally. It offers rust and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Ascent Industries
A-Score
1-Year Total Return ->
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NTIC
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Olympic Steel
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4
Friedman Industries
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5
Universal Stainless & Alloy Products
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1-Year Total Return ->
6
