Head to Head Analysis: Ascent Industries (ACNT) and Its Peers

Ascent Industries (NASDAQ:ACNT) is one of 295 publicly-traded companies in the “Chemicals” industry, but how does it compare to its competitors? We will compare Ascent Industries to related companies based on the strength of its institutional ownership, valuation, profitability, analyst recommendations, risk, earnings and dividends.

Institutional & Insider Ownership

26.1% of Ascent Industries shares are held by institutional investors. Comparatively, 48.0% of shares of all “Chemicals” companies are held by institutional investors. 7.5% of Ascent Industries shares are held by insiders. Comparatively, 14.1% of shares of all “Chemicals” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Analyst Recommendations

This is a summary of current ratings and target prices for Ascent Industries and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Ascent Industries	1	0	0	0	1.00
Ascent Industries Competitors	3239	12186	14103	515	2.40

As a group, “Chemicals” companies have a potential upside of 6.75%. Given Ascent Industries’ competitors stronger consensus rating and higher probable upside, analysts clearly believe Ascent Industries has less favorable growth aspects than its competitors.

Earnings & Valuation

This table compares Ascent Industries and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Ascent Industries	$74.94 million	$870,000.00	-30.62
Ascent Industries Competitors	$6.36 billion	$222.31 million	-3.41

Ascent Industries’ competitors have higher revenue and earnings than Ascent Industries. Ascent Industries is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Ascent Industries and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Ascent Industries	-5.31%	-2.72%	-2.07%
Ascent Industries Competitors	-61.34%	1.24%	-1.42%

Volatility & Risk

Ascent Industries has a beta of 0.49, indicating that its share price is 51% less volatile than the S&P 500. Comparatively, Ascent Industries’ competitors have a beta of 0.94, indicating that their average share price is 6% less volatile than the S&P 500.

Summary

Ascent Industries competitors beat Ascent Industries on 11 of the 12 factors compared.

Ascent Industries Company Profile

Ascent Industries Co. an industrials company, produces and distributes stainless steel pipe and tube 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 ornamental stainless steel tubes for automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other industries. The company also 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. In addition, it 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.