ASCENT INDUSTRIES CO.
ACNTdata completeness 88%17 fiscal years on fileASCENT INDUSTRIES CO. earns about -8% on invested capital, below its ~9% cost of capital, with a roughly flat share count — no moat visible in the numbers. The estimate methods put fair value between $0.93 and $26.07 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $334.7M1 | $262M2 | $193.2M3 | $80.8M4 | $74.9M4 |
| Net income | $20.2M5 | $22.1M6 | −$26.6M7 | −$13.6M8 | $867,0008 |
| Operating cash flow | $19.1M9 | $5.58M10 | $23.1M11 | $14.7M12 | −$519,00012 |
| Capital expenditure | $1.5M13 | $3.39M14 | $2.89M15 | $1.12M16 | $1.54M16 |
| Free cash flow (derived) | $17.6M9 | $2.18M10 | $20.2M11 | $13.6M12 | −$2.06M12 |
| Total debt | $140.8M17 | $143.1M18 | $018 | $019 | — |
| Cash & equivalents | $2.02M20 | $1.44M21 | $1.85M22 | $16.1M23 | $57.6M23 |
| Diluted shares | 9.5M | 10.4M | 10.1M | 10.1M | 9.6M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $90.21 of net worth that earned you $0.9 and generated −$2.14 of cash last year.
It earned about -8% on invested capital against a ~9% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has fallen 100% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $0.93 and $26.07 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$13.6M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$13.6M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$867,000
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $26.07 |
| Base | 0.0% | $26.07 |
| Bull | 5.0% | $30.93 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2021-12-31 · accession 0000095953-23-000008 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-12-31 · accession 0000095953-24-000018 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0000095953-25-000007 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-12-31 · accession 0000095953-26-000040 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2021-12-31 · accession 0000095953-23-000008 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0000095953-24-000018 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0000095953-25-000007 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0000095953-26-000040 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0000095953-23-000008 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0000095953-24-000018 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0000095953-25-000007 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0000095953-26-000040 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0000095953-23-000008 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0000095953-24-000018 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0000095953-25-000007 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0000095953-26-000040 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-12-31 · accession 0000095953-23-000008 (LongTermDebtNoncurrent)
- 10-K · period ending 2022-12-31 · accession 0000095953-24-000018 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-12-31 · accession 0000095953-25-000007 (LongTermDebt)
- 10-K · period ending 2021-12-31 · accession 0000095953-23-000008 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-12-31 · accession 0000095953-24-000018 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0000095953-25-000007 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0000095953-26-000040 (CashAndCashEquivalentsAtCarryingValue)