ASA International Group PLC (GB:ASAI)
LSE:ASAI
Want to see GB:ASAI full AI Analyst Report?
Top Page
ASA International Group PLC
(LSE:ASAI)
Select Model
Select Model
Rating:68Neutral
Price Target:
250.00 p
▲(27.88% Upside)
Action:ReiteratedDate:04/17/26
The score is driven by very attractive valuation (low P/E and a dividend) and a strong technical uptrend. These positives are tempered by higher financial risk: sustained negative operating/free cash flow since 2023 and elevated leverage despite improved reported profitability.
Positive Factors
Improving profitability / net income growth
The company delivered sustained net income growth over 2023–2025, indicating material improvement in core lending economics and operational execution. This rising profitability enhances internal capital generation potential and supports returns to equity holders, improving long‑term resilience if maintained.
Negative Factors
Elevated leverage
High leverage materially increases sensitivity to funding shocks, interest cost rises and credit deterioration. Elevated debt amplifies earnings volatility and limits financial flexibility for organic growth or shock absorption, raising refinancing and covenant risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability / net income growth
The company delivered sustained net income growth over 2023–2025, indicating material improvement in core lending economics and operational execution. This rising profitability enhances internal capital generation potential and supports returns to equity holders, improving long‑term resilience if maintained.
Read all positive factors
ASA International Group PLC (ASAI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£219.00M
Dividend Yield4.74%
Average Volume (3M)59.00K
Price to Earnings (P/E)4.5
Beta (1Y)1.21
Revenue Growth34.56%
EPS Growth89.25%
CountryUK
Employees14,232
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)0.22
Shares Outstanding100,000,000
10 Day Avg. Volume98,413
30 Day Avg. Volume58,999
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)1.56
Price to Sales (P/S)0.82
P/FCF Ratio-4.22
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)0.71
Revenue Forecast (FY)£318.71M
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 and fees on its microfinance loan portfolio. Its core revenue stream is net interest income: the company lends to customers at contracted rates and generates revenue from interest accrued...
ASA International Group PLC Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
25
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 312.41M | 230.29M | 183.99M | 186.77M | 197.01M |
| Gross Profit | 257.00M | 186.84M | 146.24M | 146.45M | 154.57M |
| EBITDA | 112.23M | 0.00 | 37.66M | 52.05M | 32.09M |
| Net Income | 57.09M | 29.25M | 9.21M | 17.89M | 8.79M |
Balance Sheet | |||||
| Total Assets | 797.11M | 568.50M | 490.03M | 489.75M | 562.55M |
| Cash, Cash Equivalents and Short-Term Investments | 122.52M | 79.82M | 2.15B | 68.97M | 111.48M |
| Total Debt | 428.55M | 324.77M | 276.68M | 264.39M | 322.13M |
| Total Liabilities | 635.26M | 472.01M | 413.42M | 400.09M | 459.11M |
| Stockholders Equity | 164.26M | 98.47M | 77.93M | 89.81M | 103.58M |
Cash Flow | |||||
| Free Cash Flow | -60.63M | -29.68M | -24.17M | 36.95M | 10.35M |
| Operating Cash Flow | -53.44M | -23.54M | -16.67M | 43.12M | 12.52M |
| Investing Cash Flow | -7.17M | -6.07M | -7.50M | -5.83M | -2.19M |
| Financing Cash Flow | 88.47M | 34.91M | 27.56M | -29.72M | -12.41M |
ASA International Group PLC Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | £219.00M | 4.48 | 33.54% | 4.74% | 34.56% | 89.25% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £543.53M | 9.42 | 10.35% | 4.39% | 1.54% | -9.18% | |
67 Neutral | £97.63M | 2.45 | 12.38% | ― | 18.38% | 13.20% | |
60 Neutral | £228.43M | 12.14 | 8.33% | 5.33% | -7.08% | 32.38% | |
55 Neutral | £434.64M | 8.64 | 21.54% | ― | 37.60% | 2766.67% | |
53 Neutral | £282.55M | 34.92 | 1.89% | ― | 0.07% | ― |
* Financial Sector Average
GB:ASAI
ASA International Group PLC
216.00
115.34
114.58%
GB:IPF
International Personal Finance
247.50
114.92
86.68%
GB:VANQ
Vanquis Banking Group
110.40
46.90
73.86%
GB:SUS
S&U plc
1,880.00
519.31
38.17%
GB:FCH
Funding Circle Holdings
154.60
42.00
37.30%
GB:DFCH
Distribution Finance Capital Holdings Plc
59.50
24.50
70.00%
ASA International Group PLC Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
ASA International Doubles 2025 Profit as Loan Book and Digital Push Accelerate
Positive
Apr 15, 2026
ASA International reported a strong 2025, with gross outstanding loan portfolio up 33% to $611 million and net profit almost doubling to $56.5 million, lifting return on average equity to 44%. Portfolio quality remained robust with PAR>30 at 1....
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...
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.