Ascent Industries (NASDAQ:ACNT – Get Free Report) 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 similar companies based on the strength of its analyst recommendations, valuation, profitability, earnings, institutional ownership, risk and dividends.
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 | -1.04% | -1.11% | -0.86% |
| Ascent Industries Competitors | -59.67% | 0.26% | -1.43% |
Insider & Institutional 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, 13.9% of shares of all “Chemicals” companies are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Earnings & Valuation
This table compares Ascent Industries and its competitors top-line revenue, earnings per share and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Ascent Industries | $74.94 million | $870,000.00 | -137.06 |
| Ascent Industries Competitors | $6.36 billion | $222.31 million | 9.88 |
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.
Risk and Volatility
Ascent Industries has a beta of 0.49, meaning that its share price is 51% less volatile than the S&P 500. Comparatively, Ascent Industries’ competitors have a beta of 0.94, meaning that their average share price is 6% less volatile than the S&P 500.
Analyst Recommendations
This is a summary of recent recommendations for Ascent Industries and its competitors, as reported 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 | 3250 | 12222 | 14142 | 519 | 2.40 |
As a group, “Chemicals” companies have a potential upside of 8.26%. Given Ascent Industries’ competitors stronger consensus rating and higher possible upside, analysts clearly believe Ascent Industries has less favorable growth aspects than its competitors.
Summary
Ascent Industries competitors beat Ascent Industries on 11 of the 13 factors compared.
About Ascent Industries
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.
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