Ascent Industries (ACNT) AI Stock Analysis

• Market Cap: $137.57M
• Dividend Yield: N/A
• Average Volume (3M): 91.96K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.08
• Revenue Growth: -6.70%
• EPS Growth: 61.17%
• Country: US
• Employees: 451
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Steel
• EPS (TTM): -0.23
• Shares Outstanding: 10,509,394
• 10 Day Avg. Volume: 39,019
• 30 Day Avg. Volume: 91,958
• PEG Ratio: -0.54
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.77
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 0.24
• Enterprise Value/Gross Profit: 6.32
• Enterprise Value/Ebitda: -3.94
• 1Y Price Target: $12.50
• Price Target Upside: -3.55% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: $13.00 ▲(0.31%Upside)

Ascent Industries' overall score reflects significant profitability challenges and valuation concerns. However, positive operational improvements and strategic shifts provide a foundation for potential recovery.

Ascent Industries Business Overview & Revenue Model

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.

How the Company Makes Money

Ascent Industries generates revenue primarily through the sale of its metal products to a diverse customer base across numerous industries. The company's key revenue streams include direct sales to construction companies, automotive manufacturers, and industrial equipment producers. Additionally, Ascent Industries benefits from long-term contracts and partnerships with major clients, ensuring a steady flow of income. The company also invests in research and development to innovate and improve its product offerings, which helps in maintaining competitive pricing and expanding its market share.

Ascent Industries Financial Statement Overview

Summary

Ascent Industries faces significant profitability challenges with negative earnings and margins. Despite a stable balance sheet and positive cash flow, declining equity and revenue issues need addressing.

Income Statement

Ascent Industries has faced recent challenges in profitability, with negative EBIT and net income in TTM (Trailing-Twelve-Months) as well as the previous year. The gross profit margin has improved to 15.3% in TTM, up from 12.4% last year, indicating some operational efficiency. However, the revenue has decreased by 10.9% in TTM, reflecting a downturn in sales. The EBIT margin and net profit margin are both negative, pointing to underlying profitability issues.

Balance Sheet

Ascent Industries maintains a relatively stable balance sheet with a debt-to-equity ratio of 0.36 in TTM, showing manageable leverage levels compared to industry standards. Stockholders' equity accounts for 59.8% of total assets, indicating a strong equity position. However, the company has seen declining equity over the years, which could pose risks if not addressed. Return on equity is currently negative, reflecting recent losses.

Cash Flow

The company has shown positive free cash flow in TTM, with a growth rate of 8.2% compared to the previous year, demonstrating effective cash management despite profitability challenges. The operating cash flow to net income ratio is strong, indicating good cash conversion. However, the free cash flow to net income ratio reflects the ongoing losses, suggesting that improvements are needed in generating operating profits.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	177.87M	193.18M	414.15M	334.71M	256.00M
Gross Profit	22.11M	1.53M	56.53M	60.77M	22.65M
EBITDA	2.78M	-29.17M	23.03M	37.81M	-18.75M
Net Income	-13.60M	-34.15M	22.07M	20.25M	-27.27M
Balance Sheet
Total Assets	147.25M	175.92M	269.04M	266.00M	206.98M
Cash, Cash Equivalents and Short-Term Investments	16.11M	1.85M	1.44M	2.02M	236.00K
Total Debt	33.27M	31.40M	105.42M	105.20M	95.06M
Total Liabilities	53.70M	68.51M	134.78M	154.41M	126.69M
Stockholders Equity	93.55M	107.41M	134.26M	111.59M	80.30M
Cash Flow
Free Cash Flow	12.79M	20.19M	503.00K	17.56M	14.23M
Operating Cash Flow	14.68M	23.08M	5.58M	19.05M	17.98M
Investing Cash Flow	905.00K	50.50M	-4.97M	-32.66M	994.00K
Financing Cash Flow	-1.33M	-73.17M	-1.18M	15.39M	-19.36M

Ascent Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACNT, the sentiment is Positive. The current price of 12.96 is above the 20-day moving average (MA) of 12.85, above the 50-day MA of 12.71, and above the 200-day MA of 11.66, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 59.32 is Neutral, neither overbought nor oversold. The STOCH value of 85.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ACNT.

Ascent Industries Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WS	77 Outperform	$1.60B	15.19	10.75%	2.02%	-9.83%	-28.70%
ZEUS	57 Neutral	$365.91M	24.68	2.95%	1.86%	-9.65%	-61.57%
Sector *	57 Neutral	£2.67B	5.02	-9.48%	6882.78%	5.31%	-6.23%
RDUS	55 Neutral	$847.73M	―	-17.65%	2.50%	4.13%	62.89%
ACNT	54 Neutral	$137.57M	―	-8.42%	―	-6.70%	61.17%
FRD	54 Neutral	$111.12M	18.58	4.66%	1.02%	-13.95%	-63.56%
HLP	―	$48.60M	―	-5.04%	―	―	―

Ascent Industries Corporate Events

Ascent Industries Sells American Stainless Tubing for $16M

On June 30, 2025, Ascent Industries Co. completed the sale of American Stainless Tubing, LLC to First Tube, LLC for $16 million, marking a significant step in its transformation into a pure-play specialty chemicals company. This strategic divestiture allows Ascent to focus on building a scalable, high-margin chemicals platform, enhancing its potential for sustainable value creation and growth opportunities.

Ascent Industries Joins Russell 2000 and 3000 Indexes

Ascent Industries Co. announced its inclusion in the Russell 2000® and Russell 3000® Indexes, effective June 30, 2025, marking a significant milestone in the company’s transformation. This inclusion highlights the progress Ascent has made in reshaping its business over the past 18 months, enhancing its visibility with institutional investors and supporting its strategy for long-term growth.

Ascent Industries Divests Subsidiary for Strategic Realignment

On June 23, 2025, Ascent Industries Co. announced the divestiture of its subsidiary, American Stainless Tubing, LLC (ASTI), to First Tube, LLC, a subsidiary of Triple-S Steel Holdings, Inc., for approximately $16 million in cash. This transaction, expected to close on June 30, 2025, marks the final step in Ascent’s strategic portfolio realignment, allowing the company to focus on its core specialty chemicals operations. The proceeds from the sale will be used to support growth initiatives within Ascent’s Specialty Chemicals segment and for general corporate purposes.

Ascent Industries Shareholders Approve Key Proposals

Ascent Industries Co. held its Annual Meeting of Shareholders virtually on June 25, 2025. During the meeting, shareholders voted on several proposals, including the election of directors, approval of executive compensation for fiscal 2024, and the ratification of Baker Tilly US, LLP as the independent accounting firm for 2025. The results showed a majority support for the proposed directors and executive compensation, as well as the ratification of the accounting firm, indicating continued confidence in the company’s leadership and financial oversight.

Ascent Industries Adopts New Share Repurchase Plan

On June 18, 2025, Ascent Industries Co. adopted a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, allowing the company to repurchase up to 350,000 shares daily based on specified price targets. This plan, effective from June 20 to August 5, 2025, enables share repurchases during blackout periods or under insider trading laws, potentially impacting the company’s stock repurchase strategy and market positioning.

Ascent Industries Adjourns 2025 Annual Stockholders Meeting

On June 11, 2025, Ascent Industries Co. held its 2025 Annual Meeting of Stockholders, which was adjourned to solicit additional proxies for the proposals outlined in the 2025 Proxy Statement. The meeting will reconvene virtually on June 25, 2025, allowing stockholders to attend and vote using the same access information as the original meeting. The company continues to encourage stockholders to review the proxy materials available on the SEC’s website.

Ascent Industries Executes Significant Share Buyback

On May 16, 2025, Ascent Industries Co. repurchased 499,700 shares of its common stock at $12.00 per share, which is about 5.0% of its total issued and outstanding shares. This transaction, conducted under the company’s 10b5-1 share repurchase program, leaves 9,500,994 shares remaining in circulation.