Ashmore Group Plc

DB:A1B Stock Report

Market Cap: €1.2b

Ashmore Group Valuation

Is A1B undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of A1B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€1.38
Fair Value
28.6% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: A1B (€1.77) is trading above our estimate of fair value (€1.38)

Significantly Below Fair Value: A1B is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for A1B?

Key metric: As A1B is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for A1B. This is calculated by dividing A1B's market cap by their current earnings.
What is A1B's PE Ratio?
PE Ratio12.7x
EarningsUK£81.20m
Market CapUK£1.03b

Price to Earnings Ratio vs Peers

How does A1B's PE Ratio compare to its peers?

The above table shows the PE ratio for A1B vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.9x
MLP MLP
11.6x12.91%€694.8m
MUX Mutares SE KGaA
14.6x-48.79%€561.5m
D77 DN Group
13.7xn/a€277.9m
HXCK Ernst Russ
3.7x-51.00%€231.8m
A1B Ashmore Group
12.7x-8.08%€1.0b

Price-To-Earnings vs Peers: A1B is expensive based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (10.9x).

Price to Earnings Ratio vs Industry

How does A1B's PE Ratio compare vs other companies in the DE Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BBHK Deutsche Balaton
2.4xn/aUS$269.68m
SPT6 Sparta
1.7xn/aUS$116.60m
ECS0 Eight Capital Partners
1.2xn/aUS$32.43m
No more companies available in this PE range
A1B 12.7xIndustry Avg. 14.8xNo. of Companies7PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: A1B is good value based on its Price-To-Earnings Ratio (12.7x) compared to the German Capital Markets industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is A1B's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

A1B PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ratio15.4x

Price-To-Earnings vs Fair Ratio: A1B is good value based on its Price-To-Earnings Ratio (12.7x) compared to the estimated Fair Price-To-Earnings Ratio (15.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst A1B forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.77
€1.80
+1.50%
20.92%€2.73€1.40n/a10
Nov ’26€2.15
€1.84
-14.33%
20.33%€2.77€1.42n/a10
Oct ’26€2.03
€1.80
-11.19%
20.74%€2.75€1.37n/a10
Sep ’26€2.05
€1.81
-11.28%
20.75%€2.79€1.39n/a10
Aug ’26€2.01
€1.77
-11.76%
20.19%€2.75€1.37n/a11
Jul ’26€1.83
€1.71
-6.55%
22.07%€2.80€1.34n/a11
Jun ’26€1.80
€1.74
-3.51%
22.22%€2.85€1.37n/a11
May ’26€1.67
€1.77
+6.24%
24.66%€2.81€1.35n/a11
Apr ’26€1.77
€2.04
+15.22%
17.24%€2.87€1.68n/a11
Mar ’26€1.77
€2.04
+15.05%
17.22%€2.88€1.68n/a11
Feb ’26€1.99
€2.04
+2.62%
17.32%€2.87€1.67n/a11
Jan ’26€1.97
€2.27
+15.12%
21.36%€3.46€1.82n/a11
Dec ’25€2.10
€2.24
+6.78%
21.08%€3.41€1.80n/a11
Nov ’25€2.48
€2.25
-9.32%
20.29%€3.41€1.79€2.1511
Oct ’25€2.44
€2.17
-10.90%
21.27%€3.38€1.72€2.0311
Sep ’25€2.05
€2.20
+7.33%
20.75%€3.39€1.78€2.0511
Aug ’25€2.03
€2.20
+8.28%
20.75%€3.38€1.78€2.0111
Jul ’25€2.03
€2.31
+14.18%
18.29%€3.36€1.77€1.8311
Jun ’25€2.28
€2.27
-0.60%
18.78%€3.35€1.76€1.8012
May ’25€2.22
€2.25
+1.69%
18.78%€3.33€1.75€1.6712
Apr ’25€2.26
€2.40
+6.24%
16.81%€3.34€1.76€1.7712
Mar ’25€2.40
€2.40
+0.062%
16.62%€3.34€1.76€1.7712
Feb ’25€2.47
€2.38
-3.69%
17.22%€3.33€1.75€1.9912
Jan ’25€2.55
€2.21
-13.44%
20.57%€3.31€1.74€1.9712
Dec ’24€2.04
€2.19
+7.60%
20.74%€3.29€1.73€2.1012
Nov ’24€1.95
€2.25
+15.61%
20.52%€3.27€1.72€2.4812
€1.78
Fair Value
0.2% undervalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/20 23:46
End of Day Share Price 2025/11/20 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ashmore Group Plc is covered by 28 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel GarrodBarclays
Michael SandersonBarclays
Michael SandersonBarclays