LSE:ASAI

Stock Analysis Report

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Executive Summary

ASA International Group PLC provides microfinancing services in Africa and Asia. More Details


Snowflake Analysis

Solid track record and good value.

Share Price & News

How has ASA International Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ASAI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.9%

ASAI

-2.4%

GB Consumer Finance

1.2%

GB Market


1 Year Return

-53.8%

ASAI

-46.7%

GB Consumer Finance

-13.2%

GB Market

Return vs Industry: ASAI underperformed the UK Consumer Finance industry which returned -46.7% over the past year.

Return vs Market: ASAI underperformed the UK Market which returned -13.2% over the past year.


Shareholder returns

ASAIIndustryMarket
7 Day-1.9%-2.4%1.2%
30 Day21.5%4.4%-0.2%
90 Day32.3%0.9%-1.1%
1 Year-53.8%-53.8%-46.0%-46.7%-9.8%-13.2%
3 Yearn/a-51.2%-62.1%-3.4%-15.1%
5 Yearn/a-83.0%-88.6%25.3%-2.7%

Price Volatility Vs. Market

How volatile is ASA International Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ASA International Group undervalued compared to its fair value and its price relative to the market?

40.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASAI (£1.78) is trading below our estimate of fair value (£2.98)

Significantly Below Fair Value: ASAI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASAI's PE Ratio (6.8x) is in line with the GB Consumer Finance industry average.

PE vs Market: ASAI is good value based on its PE Ratio (6.8x) compared to the UK market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: ASAI is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: ASAI is overvalued based on its PB Ratio (2.1x) compared to the GB Consumer Finance industry average (0.8x).


Next Steps

Future Growth

How is ASA International Group forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

15.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASAI's forecast earnings growth (15.6% per year) is above the savings rate (1.2%).

Earnings vs Market: ASAI's earnings (15.6% per year) are forecast to grow slower than the UK market (23.7% per year).

High Growth Earnings: ASAI's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASAI's revenue (12.9% per year) is forecast to grow faster than the UK market (6.2% per year).

High Growth Revenue: ASAI's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASAI's Return on Equity is forecast to be high in 3 years time (27.6%)


Next Steps

Past Performance

How has ASA International Group performed over the past 5 years?

18.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASAI has high quality earnings.

Growing Profit Margin: ASAI's current net profit margins (24.5%) are higher than last year (20%).


Past Earnings Growth Analysis

Earnings Trend: ASAI's earnings have grown by 18.2% per year over the past 5 years.

Accelerating Growth: ASAI's earnings growth over the past year (41.8%) exceeds its 5-year average (18.2% per year).

Earnings vs Industry: ASAI earnings growth over the past year (41.8%) exceeded the Consumer Finance industry 8.4%.


Return on Equity

High ROE: Whilst ASAI's Return on Equity (31.03%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is ASA International Group's financial position?


Financial Position Analysis

Short Term Liabilities: ASAI's short term assets ($544.8M) exceed its short term liabilities ($242.0M).

Long Term Liabilities: ASAI's short term assets ($544.8M) exceed its long term liabilities ($206.8M).


Debt to Equity History and Analysis

Debt Level: ASAI's debt to equity ratio (292%) is considered high.

Reducing Debt: Insufficient data to determine if ASAI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: ASAI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if ASAI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is ASA International Group current dividend yield, its reliability and sustainability?

4.21%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ASAI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ASAI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ASAI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ASAI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ASAI is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ASAI's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.7yrs

Average management tenure


CEO

Dirk Brouwer (56 yo)

no data

Tenure

US$425,000

Compensation

Mr. Dirk Machgielis Brouwer is Chief Executive Officer of ASA International Group PLC. He co-founded ASA International Group PLC in 2007 and its Executive Director since 2007. He is also the Managing Direc ...


CEO Compensation Analysis

Compensation vs Market: Dirk's total compensation ($USD425.00K) is below average for companies of similar size in the UK market ($USD687.45K).

Compensation vs Earnings: Dirk's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dirk Brouwer
CEO & Executive Directorno dataUS$425.00k5.27%
$ 9.4m
Aminur Rashid
Executive Director of Operations & Executive Director9yrsUS$167.33k0.37%
$ 664.3k
Tanwir Rahman
Chief Financial Officer3.67yrsUS$78.02kno data
Md. Haque
Chief Operating Officer2.67yrsUS$96.66kno data
Mohammed Hossain
Director of Investments13.67yrsUS$85.16kno data
Mischa Assink
Chief Accountantno datano datano data
Md. Rahman
Chief Technology Officer2.67yrsno datano data
Martijn Bollen
General Counsel13.67yrsno datano data
Jillur Rahman
Head of Information Technology8.67yrsno datano data
Kamal Sarker
Chief Group Internal Auditorno datano datano data

3.7yrs

Average Tenure

55yo

Average Age

Experienced Management: ASAI's management team is considered experienced (3.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dirk Brouwer
CEO & Executive Directorno dataUS$425.00k5.27%
$ 9.4m
Aminur Rashid
Executive Director of Operations & Executive Director9yrsUS$167.33k0.37%
$ 664.3k
Guy Dawson
Senior Independent Non-Executive Director7.67yrsUS$60.00kno data
Praful Patel
Independent Non-Executive Director7.67yrsUS$60.00kno data
Md. Shafiqual Choudhury
Non-Executive Chairman13.42yrsUS$250.00k1.4%
$ 2.5m
Gavin Laws
Independent Non-Executive Director2.67yrsUS$60.00kno data
Johanna Kemna
Independent Non-Executive Director2.33yrsUS$60.00kno data

7.7yrs

Average Tenure

61yo

Average Age

Experienced Board: ASAI's board of directors are considered experienced (7.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

ASA International Group PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ASA International Group PLC
  • Ticker: ASAI
  • Exchange: LSE
  • Founded: 2007
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: UK£178.000m
  • Shares outstanding: 100.00m
  • Website: https://www.asa-international.com

Number of Employees


Location

  • ASA International Group PLC
  • Rembrandt Tower
  • 35th Floor
  • Amsterdam
  • Noord-Holland
  • 1096 HA
  • Netherlands

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASAILSE (London Stock Exchange)YesOrdinary SharesGBGBPJul 2018
ASAILBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJul 2018

Biography

ASA International Group PLC provides microfinancing services in Africa and Asia. The company offers loans to low-income and financially underserved female entrepreneurs, as well as small business owners. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 04:00
End of Day Share Price2020/09/17 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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 here.