ASA International Group PLC (GB:ASAI)
LSE:ASAI
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ASA International Group PLC
(LSE:ASAI)
Select Model
Select Model
Rating:61Neutral
Price Target:
230.00 p
▲(17.65% Upside)
Action:ReiteratedDate:02/04/26
The score is held back primarily by below-average financial quality due to high leverage and negative operating/free cash flow in the last two years. Offsetting this, the stock shows solid technical uptrend signals and looks attractively priced with a low P/E and meaningful dividend yield.
Positive Factors
Improved profitability
Sustained improvement in net income and margin indicates the core lending operations have become more profitable, strengthening internal earnings power. Over a multi-month horizon this supports reinvestment into the loan book, resilience to localized shocks, and potential to fund operations without immediate external equity.
Negative Factors
Elevated leverage
Consistently high leverage constrains financial flexibility and raises refinancing and interest-rate risks, especially operating across multiple emerging-market currencies. Over the medium term elevated debt increases vulnerability to funding shocks and limits the company’s ability to absorb asset-quality deterioration without external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved profitability
Sustained improvement in net income and margin indicates the core lending operations have become more profitable, strengthening internal earnings power. Over a multi-month horizon this supports reinvestment into the loan book, resilience to localized shocks, and potential to fund operations without immediate external equity.
Read all positive factors
ASA International Group PLC (ASAI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£190.00M
Dividend Yield4.74%
Average Volume (3M)59.00K
Price to Earnings (P/E)2.4
Beta (1Y)1.13
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees14,232
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.20
Shares Outstanding100,000,000
10 Day Avg. Volume98,413
30 Day Avg. Volume58,999
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.08
Price to Sales (P/S)0.46
P/FCF Ratio-3.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.49
Revenue Forecast (FY)£273.70M
ASA International Group PLC Business Overview & Revenue Model
Company Description
ASA International Group PLC provides microfinancing services in Africa and Asia. It offers loans to low-income female micro-entrepreneurs. The company also provides various collateral-free loans, including small and small business loans to start o...
How the Company Makes Money
ASA International primarily makes money by earning interest income and fees on microloans originated to customers through its operating entities. Key revenue streams typically include: (1) interest income from the loan portfolio, driven by loan vo...
ASA International Group PLC Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
41
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -12.29B | 230.29M | 183.99M | 186.77M | 197.01M | 112.61M |
| Gross Profit | -12.33B | 186.84M | 146.24M | 146.45M | 154.57M | 112.61M |
| EBITDA | 718.92M | 0.00 | 37.66M | 52.05M | 32.09M | 0.00 |
| Net Income | -1.14B | 29.25M | 9.21M | 17.89M | 8.79M | -720.00K |
Balance Sheet | ||||||
| Total Assets | 672.23M | 568.50M | 490.03M | 489.75M | 562.55M | 579.26M |
| Cash, Cash Equivalents and Short-Term Investments | 62.61M | 79.82M | 2.15B | 68.97M | 111.48M | 124.72M |
| Total Debt | 258.87M | 324.77M | 276.68M | 264.39M | 322.13M | 345.81M |
| Total Liabilities | 536.07M | 472.01M | 413.42M | 400.09M | 459.11M | 472.19M |
| Stockholders Equity | 138.46M | 98.47M | 77.93M | 89.81M | 103.58M | 104.79M |
Cash Flow | ||||||
| Free Cash Flow | -9.92M | -29.68M | -24.17M | 36.95M | 10.35M | -9.14M |
| Operating Cash Flow | 1.80M | -23.54M | -16.67M | 43.12M | 12.52M | -8.16M |
| Investing Cash Flow | -3.50M | -6.07M | -7.50M | -5.83M | -2.19M | -950.00K |
| Financing Cash Flow | 11.24M | 34.91M | 27.56M | -29.72M | -12.41M | 15.84M |
ASA International Group PLC Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £245.45M | 5.11 | 8.33% | 5.33% | -11.17% | 6.04% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £540.03M | 9.42 | 10.35% | 4.39% | -7.52% | 50.23% | |
67 Neutral | £91.07M | 5.72 | 12.38% | ― | 17.35% | 91.55% | |
61 Neutral | £190.00M | 2.44 | -965.56% | 4.74% | ― | ― | |
55 Neutral | £386.71M | 8.64 | 21.54% | ― | 7.90% | ― | |
53 Neutral | £297.26M | 24.71 | 1.89% | ― | -3.77% | -147.20% |
* Financial Sector Average
GB:ASAI
ASA International Group PLC
190.00
113.42
148.11%
GB:IPF
International Personal Finance
246.00
125.90
104.83%
GB:VANQ
Vanquis Banking Group
117.20
62.20
113.09%
GB:SUS
S&U plc
2,020.00
687.66
51.61%
GB:FCH
Funding Circle Holdings
134.80
35.70
36.02%
GB:DFCH
Distribution Finance Capital Holdings Plc
55.50
22.50
68.18%
ASA International Group PLC Corporate Events
Other
ASA International Executives Boost Shareholdings Through Market Purchases and Option Exercises
Positive
Feb 24, 2026
ASA International Group plc reported that Chief Financial Officer Geert Embrechts purchased 5,500 ordinary shares on 19 February on the London Stock Exchange. The transaction modestly increases management’s direct stake in the microfinance g...
Other
ASA International Executives Increase Holdings with Modest Share Purchases
Positive
Feb 6, 2026
ASA International Group plc has disclosed insider dealings involving senior management, with Chief Technology Officer and PDMR Steven van Zuylen purchasing 1,800 ordinary shares at £2.30 each on 3 February 2026, and General Counsel and PDMR M...
Other
ASA International Executives Increase Personal Stakes with Share Purchases
Positive
Jan 30, 2026
ASA International Group plc has disclosed that Chief Executive Officer and Executive Director Rob Keijsers and Chief Legal Officer and PDMR Martijn Bollen have purchased additional ordinary shares in the company on the London Stock Exchange. The i...
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
ASA International set to double 2025 profit as loan book and client base surge
Positive
Jan 29, 2026
ASA International Group plc expects its unaudited full-year 2025 net profit to double to about USD 57m from USD 28.5m in 2024, driven by disciplined execution of its growth strategy, a 37% year-on-year expansion of its gross outstanding loan portf...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
ASA International Launches Shareholder Consultation After Mixed AGM Vote on Rule 9 Waiver
Neutral
Dec 19, 2025
ASA International Group plc has reported the outcome of its 2025 Annual General Meeting, noting broad shareholder backing for all resolutions but highlighting that Resolution 18, a Rule 9 waiver, received just under 80% approval, triggering enhanc...
Business Operations and StrategyExecutive/Board Changes
ASA International Appoints Mark Schwartz to Strengthen Board Leadership
Positive
Dec 17, 2025
ASA International Group plc has appointed Mark Schwartz as a Non-Executive Director on its Board, leveraging his extensive expertise in finance, healthcare, consumer products, and board governance. With this strategic move, the company strengthens...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.