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ASHM

Ashmore GroupLSE:ASHM Stock Report

Last Price

UK£2.85

Market Cap

UK£1.9b

7D

-3.3%

1Y

-36.6%

Updated

20 Jan, 2022

Data

Company Financials +
ASHM fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends6/6

ASHM Stock Overview

Ashmore Group plc is a publicly owned investment manager.

Ashmore Group Competitors

3i Group

LSE:III

UK£13.7b

Schroders

LSE:SDR

UK£8.8b

Intermediate Capital Group

LSE:ICP

UK£5.6b

abrdn

LSE:ABDN

UK£5.1b

Price History & Performance

Summary of all time highs, changes and price drops for Ashmore Group
Historical stock prices
Current Share PriceUK£2.85
52 Week HighUK£4.93
52 Week LowUK£2.74
Beta1.21
1 Month Change-1.79%
3 Month Change-14.05%
1 Year Change-36.57%
3 Year Change-27.13%
5 Year Change-8.21%
Change since IPO48.54%

Recent News & Updates

Sep 25
Ashmore Group (LON:ASHM) Is Due To Pay A Dividend Of UK£0.12

Ashmore Group (LON:ASHM) Is Due To Pay A Dividend Of UK£0.12

The board of Ashmore Group PLC ( LON:ASHM ) has announced that it will pay a dividend on the 10th of December, with...

Sep 11
Ashmore Group's (LON:ASHM) Dividend Will Be UK£0.12

Ashmore Group's (LON:ASHM) Dividend Will Be UK£0.12

Ashmore Group PLC's ( LON:ASHM ) investors are due to receive a payment of UK£0.12 per share on 10th of December. This...

Shareholder Returns

ASHMGB Capital MarketsGB Market
7D-3.3%-0.4%-0.5%
1Y-36.6%-2.3%8.7%

Return vs Industry: ASHM underperformed the UK Capital Markets industry which returned -3% over the past year.

Return vs Market: ASHM underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is ASHM's price volatile compared to industry and market?
ASHM volatility
ASHM Average Weekly Movement4.5%
Capital Markets Industry Average Movement4.1%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

Stable Share Price: ASHM is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: ASHM's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1992310Mark Coombshttps://www.ashmoregroup.com

Ashmore Group plc is a publicly owned investment manager. The firm primarily provides its services to retail and institutional clients. It manages separate client-focused equity and fixed income portfolios.

Ashmore Group Fundamentals Summary

How do Ashmore Group's earnings and revenue compare to its market cap?
ASHM fundamental statistics
Market CapUK£1.88b
Earnings (TTM)UK£240.10m
Revenue (TTM)UK£287.40m

7.8x

P/E Ratio

6.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASHM income statement (TTM)
RevenueUK£287.40m
Cost of RevenueUK£80.30m
Gross ProfitUK£207.10m
Expenses-UK£33.00m
EarningsUK£240.10m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 10, 2022

Earnings per share (EPS)0.36
Gross Margin72.06%
Net Profit Margin83.54%
Debt/Equity Ratio0%

How did ASHM perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

46%

Payout Ratio

Valuation

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

46.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASHM (£2.85) is trading below our estimate of fair value (£5.3)

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


Price To Earnings Ratio

PE vs Industry: ASHM is good value based on its PE Ratio (7.8x) compared to the UK Capital Markets industry average (11x).

PE vs Market: ASHM is good value based on its PE Ratio (7.8x) compared to the UK market (19.1x).


Price to Earnings Growth Ratio

PEG Ratio: ASHM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ASHM is overvalued based on its PB Ratio (2.1x) compared to the GB Capital Markets industry average (1.6x).


Future Growth

How is Ashmore Group forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

-9.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASHM's earnings are forecast to decline over the next 3 years (-9.7% per year).

Earnings vs Market: ASHM's earnings are forecast to decline over the next 3 years (-9.7% per year).

High Growth Earnings: ASHM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ASHM's revenue (1.2% per year) is forecast to grow slower than the UK market (4.8% per year).

High Growth Revenue: ASHM's revenue (1.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASHM's Return on Equity is forecast to be low in 3 years time (16.6%).


Past Performance

How has Ashmore Group performed over the past 5 years?

8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ASHM has a high level of non-cash earnings.

Growing Profit Margin: ASHM's current net profit margins (83.5%) are higher than last year (56.3%).


Past Earnings Growth Analysis

Earnings Trend: ASHM's earnings have grown by 8.1% per year over the past 5 years.

Accelerating Growth: ASHM's earnings growth over the past year (31.9%) exceeds its 5-year average (8.1% per year).

Earnings vs Industry: ASHM earnings growth over the past year (31.9%) underperformed the Capital Markets industry 66.7%.


Return on Equity

High ROE: ASHM's Return on Equity (25.9%) is considered high.


Financial Health

How is Ashmore Group's financial position?


Financial Position Analysis

Short Term Liabilities: ASHM's short term assets (£946.1M) exceed its short term liabilities (£157.5M).

Long Term Liabilities: ASHM's short term assets (£946.1M) exceed its long term liabilities (£17.8M).


Debt to Equity History and Analysis

Debt Level: ASHM is debt free.

Reducing Debt: ASHM has not had any debt for past 5 years.

Debt Coverage: ASHM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ASHM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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

5.93%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ASHM's dividend (5.93%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: ASHM's dividend (5.93%) is in the top 25% of dividend payers in the UK market (4.04%)


Stability and Growth of Payments

Stable Dividend: ASHM's dividends per share have been stable in the past 10 years.

Growing Dividend: ASHM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.4%), ASHM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASHM's dividends in 3 years are forecast to be covered by earnings (73.3% payout ratio).


Next Steps

Management

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

8.2yrs

Average management tenure


CEO

Mark Coombs (61 yo)

23.08yrs

Tenure

UK£2,460,188

Compensation

Mr. Mark Langhorn Coombs serves as Chief Executive and Director at Ashmore Investment Advisors Limited. Mr. Coombs has been the Chief Executive Officer at Ashmore Investment Management Limited since Decemb...


CEO Compensation Analysis

Compensation vs Market: Mark's total compensation ($USD3.36M) is above average for companies of similar size in the UK market ($USD1.83M).

Compensation vs Earnings: Mark's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ASHM's management team is seasoned and experienced (8.2 years average tenure).


Board Members

Experienced Board: ASHM's board of directors are considered experienced (6.8 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.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Ashmore Group PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Ashmore Group PLC
  • Ticker: ASHM
  • Exchange: LSE
  • Founded: 1992
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Implied Market Cap: UK£1.883b
  • Shares outstanding: 660.39m
  • Website: https://www.ashmoregroup.com

Number of Employees


Location

  • Ashmore Group PLC
  • 61 Aldwych
  • London
  • Greater London
  • WC2B 4AE
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:17
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.