Ascent Industries (ACNT) AI Stock Analysis

• Market Cap: $114.29M
• Dividend Yield: N/A
• Average Volume (3M): 44.69K
• Price to Earnings (P/E): ―
• Beta (1Y): -0.10
• Revenue Growth: -20.35%
• EPS Growth: 77.51%
• Country: US
• Employees: 451
• Sector: Basic Materials
• Sector Strength: 66
• Industry: Steel
• EPS (TTM): 0.65
• Shares Outstanding: 9,368,002
• 10 Day Avg. Volume: 49,321
• 30 Day Avg. Volume: 44,689
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.73
• Enterprise Value/Revenue: 0.66
• Enterprise Value/Gross Profit: 3.60
• Enterprise Value/Ebitda: 25.10
• 1Y Price Target: $12.00
• Price Target Upside: -2.36% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 50 Neutral
• Price Target: $12.00 ▼(-2.36% Downside)

Ascent Industries faces significant financial challenges, with declining revenues and ongoing losses impacting its financial health. While recent corporate events and strategic initiatives show promise, the stock's technical indicators and valuation metrics remain weak, contributing to a cautious outlook.

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 through several key streams. Primarily, the company earns income from the sale of its manufacturing solutions, which includes customized equipment and production systems tailored to client specifications. Additionally, ACNT capitalizes on its technology division by offering software solutions and smart devices that enhance operational efficiency for businesses. The renewable energy sector contributes significantly to its earnings through the production and installation of solar panels and wind turbines. Moreover, Ascent Industries has established strategic partnerships with industry leaders that provide access to new markets and collaborative projects, further enhancing its revenue potential. Government contracts and grants for sustainable initiatives also serve as a vital source of funding, supporting the company's commitment to renewable energy and innovation.

Ascent Industries Financial Statement Overview

Summary

Ascent Industries is facing significant financial challenges, with declining revenues and persistent losses impacting profitability. While the balance sheet shows a stable equity position and manageable leverage, the negative return on equity and declining cash flow growth highlight ongoing financial pressures. The company needs to address operational inefficiencies and improve revenue generation to enhance its financial health.

Income Statement

Ascent Industries has faced significant challenges in recent years, with declining revenue and profitability. The TTM data shows a negative revenue growth rate of -19.9%, indicating a substantial decrease in sales. Gross profit margin improved to 18.3% in the TTM, but net profit margin remains negative at -2.5%, reflecting ongoing losses. The EBIT and EBITDA margins are also negative, highlighting operational inefficiencies. Overall, the income statement reflects a company struggling to maintain profitability and growth.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.25 in the TTM, indicating manageable leverage. However, the return on equity is negative at -3.5%, suggesting that the company is not generating sufficient returns on shareholder investments. The equity ratio stands at 73.2%, which is relatively strong, indicating a solid equity base. Despite the stable equity position, the negative ROE and ongoing losses present concerns about financial stability.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by -23.4% in the TTM, indicating reduced cash generation capabilities. The operating cash flow to net income ratio is 0.93, suggesting that operating cash flows are nearly covering net losses. The free cash flow to net income ratio is 0.87, reflecting some ability to generate cash despite net losses. While cash flow management appears adequate, the declining free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	126.96M	177.87M	193.18M	414.15M	334.71M	256.00M
Gross Profit	23.27M	22.11M	1.53M	56.53M	60.77M	22.65M
EBITDA	3.34M	2.78M	-29.17M	23.03M	37.81M	-18.75M
Net Income	-3.19M	-13.60M	-34.15M	22.07M	20.25M	-27.27M
Balance Sheet
Total Assets	122.58M	147.25M	175.92M	269.04M	266.00M	206.98M
Cash, Cash Equivalents and Short-Term Investments	61.28M	16.11M	1.85M	1.44M	2.02M	236.00K
Total Debt	22.09M	33.27M	31.40M	105.42M	105.20M	95.06M
Total Liabilities	32.86M	53.70M	68.51M	134.78M	154.41M	126.69M
Stockholders Equity	89.72M	93.55M	107.41M	134.26M	111.59M	80.30M
Cash Flow
Free Cash Flow	10.59M	12.79M	20.19M	503.00K	17.56M	14.23M
Operating Cash Flow	12.18M	14.68M	23.08M	5.58M	19.05M	17.98M
Investing Cash Flow	55.63M	905.00K	50.50M	-4.97M	-32.66M	994.00K
Financing Cash Flow	-8.90M	-1.33M	-73.17M	-1.18M	15.39M	-19.36M

Ascent Industries Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.29
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 12.29 is above the 20-day moving average (MA) of 12.20, below the 50-day MA of 12.61, and above the 200-day MA of 12.13, indicating a neutral trend. The MACD of -0.14 indicates Negative momentum. The RSI at 49.15 is Neutral, neither overbought nor oversold. The STOCH value of 61.26 is Neutral, 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	$1.68B	15.07	10.75%	2.00%	-9.83%	-28.70%
ZEUS	68 Neutral	$378.59M	27.60	2.50%	1.86%	-9.21%	-60.42%
FRD	64 Neutral	$153.33M	17.91	6.34%	0.71%	-5.81%	-29.10%
Sector *	61 Neutral	$10.37B	6.45	-0.08%	2.84%	3.09%	-36.03%
RDUS	55 Neutral		―		―	4.13%	62.89%
ACNT	50 Neutral	$114.29M	―	-10.88%	―	-20.35%	77.51%
HLP	―	$51.04M	―	-5.04%	―	―	―

Ascent Industries Corporate Events

Ascent Industries Highlights Financial Growth in Presentation

On August 26, 2025, Ascent Industries Co. presented an investor presentation that highlighted the use of Non-GAAP financial measures to provide a more comprehensive view of its operations. The company emphasized the value of these measures for investors in assessing shareholder value. The presentation also noted the impact of the new management team, led by CEO Bryan Kitchen and CFO Ryan Kavalauskas, who have significantly improved the company’s financial performance since early 2024, including a 125% increase in Adjusted EBITDA and a 1,349% increase in gross profit. This strategic leadership has been pivotal in transforming Ascent Industries into a more focused specialty chemical company.

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.