Ashmore Group Plc

BATS-CHIXE:ASHML Stock Report

Market Cap: UK£1.1b

Ashmore Group Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 ASHML when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
UK£1.61
Fair Value
6.5% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: ASHML (£1.72) is trading above our estimate of fair value (£1.61)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ASHML. This is calculated by dividing ASHML's market cap by their current earnings.
What is ASHML's PE Ratio?
PE Ratio12.1x
EarningsUK£93.70m
Market CapUK£1.14b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASHML vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.4x
LWDB Law Debenture
8.6xn/aUK£1.2b
BBGI BBGI Global Infrastructure
18.5xn/aUK£1.0b
N91 Ninety One Group
8.8x4.5%UK£1.3b
OCI Oakley Capital Investments
9.6xn/aUK£846.8m
ASHML Ashmore Group
12.1x-6.2%UK£1.1b

Price-To-Earnings vs Peers: ASHML is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (11.4x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CBA CEIBA Investments
2.7xn/aUS$41.08m
PNIX Phoenix Digital Assets
1xn/aUS$26.51m
IX. i(x) Net Zero
0.1xn/aUS$8.94m
APQ APQ Global
0.5xn/aUS$6.35m
No. of Companies20PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASHML is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the UK Capital Markets industry average (11.9x).

Price to Earnings Ratio vs Fair Ratio

What is ASHML'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.

ASHML PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: ASHML is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).

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 ASHML forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£1.72
UK£1.71
-0.6%
17.3%UK£2.40UK£1.40n/a11
Jan ’26UK£1.59
UK£1.87
+17.3%
21.4%UK£2.85UK£1.50n/a11
Dec ’25UK£1.75
UK£1.87
+7.1%
21.1%UK£2.85UK£1.50n/a11
Nov ’25UK£2.15
UK£1.88
-12.5%
20.3%UK£2.85UK£1.50n/a11
Oct ’25UK£2.04
UK£1.83
-10.1%
21.3%UK£2.85UK£1.45n/a11
Sep ’25UK£1.75
UK£1.85
+5.9%
20.8%UK£2.85UK£1.50n/a11
Aug ’25UK£1.69
UK£1.85
+9.8%
20.8%UK£2.85UK£1.50n/a11
Jul ’25UK£1.70
UK£1.96
+15.6%
18.3%UK£2.85UK£1.50n/a11
Jun ’25UK£1.95
UK£1.93
-1.2%
18.8%UK£2.85UK£1.50n/a12
May ’25UK£1.91
UK£1.93
+0.7%
18.8%UK£2.85UK£1.50n/a12
Apr ’25UK£1.96
UK£2.05
+4.4%
16.8%UK£2.85UK£1.50n/a12
Mar ’25UK£2.07
UK£2.05
-1.1%
16.6%UK£2.85UK£1.50n/a12
Feb ’25UK£2.09
UK£2.03
-2.7%
17.2%UK£2.85UK£1.50UK£1.7012
Jan ’25UK£2.23
UK£1.90
-14.8%
20.6%UK£2.85UK£1.50UK£1.5912
Dec ’24UK£1.79
UK£1.90
+6.1%
20.7%UK£2.85UK£1.50UK£1.7512
Nov ’24UK£1.71
UK£1.96
+14.7%
20.5%UK£2.85UK£1.50UK£2.1512
Oct ’24UK£1.89
UK£2.08
+10.2%
17.3%UK£2.85UK£1.60UK£2.0412
Sep ’24UK£1.95
UK£2.22
+14.0%
15.0%UK£2.85UK£1.75UK£1.7511
Aug ’24UK£2.03
UK£2.24
+10.1%
14.8%UK£2.85UK£1.75UK£1.6911
Jul ’24UK£2.09
UK£2.40
+15.2%
14.4%UK£2.85UK£1.90UK£1.7011
Jun ’24UK£2.28
UK£2.40
+5.4%
14.4%UK£2.85UK£1.90UK£1.9511
May ’24UK£2.43
UK£2.40
-1.2%
14.4%UK£2.85UK£1.90UK£1.9111
Apr ’24UK£2.39
UK£2.46
+3.0%
13.0%UK£2.95UK£2.00UK£1.9611
Mar ’24UK£2.69
UK£2.46
-8.4%
13.0%UK£2.95UK£2.00UK£2.0711
Feb ’24UK£2.70
UK£2.41
-10.5%
17.3%UK£2.85UK£1.65UK£2.0911
Analyst Price Target
Consensus Narrative from 11 Analysts
UK£1.70
Fair Value
0.6% overvalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/06 08:11
End of Day Share Price 2025/02/06 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 33 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
Andrew LoweBerenberg