Ashmore Group PLC (ASHM) AI Stock Analysis

• Market Cap: £1.12B
• Dividend Yield: 9.99%
• Average Volume (3M): 1.03M
• Price to Earnings (P/E): 13.9
• Beta (1Y): 1.62
• Revenue Growth: -28.89%
• EPS Growth: -12.14%
• Country: UK
• Employees: 283
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.07
• Shares Outstanding: 712,740,800
• 10 Day Avg. Volume: 1,360,731
• 30 Day Avg. Volume: 1,034,706
• PEG Ratio: -0.90
• Price to Book (P/B): 1.33
• Price to Sales (P/S): 7.23
• P/FCF Ratio: 21.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £155.50
• Price Target Upside: -8.10% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: 181.00p ▲(6.97% Upside)

Ashmore Group PLC's overall stock score reflects strong profitability and a robust balance sheet, balanced by challenges in revenue growth and cash flow. The attractive dividend yield and strategic growth initiatives are positive, but technical indicators suggest caution due to potential short-term volatility.

Positive Factors

Strong Balance Sheet

Ashmore's minimal leverage and solid equity base enhance its financial stability, providing resilience against market fluctuations and enabling strategic investments.

Emerging Markets Performance

Ashmore's focus on emerging markets positions it to capitalize on growth opportunities, supporting long-term revenue potential and market expansion.

Strategic Expansion

Expanding local offices enhances Ashmore's global footprint and client engagement, particularly in high-growth regions, supporting sustainable AUM growth.

Negative Factors

Revenue Decline

Significant revenue decline indicates challenges in maintaining growth, potentially impacting future profitability and strategic investments.

Cash Flow Concerns

Reduced cash flow growth could limit Ashmore's ability to reinvest in business expansion and manage operational costs, affecting long-term financial health.

High Yield Challenges

Persistent outflows in high-yield investments suggest difficulties in this segment, potentially affecting overall asset management performance and fee income.

Ashmore Group PLC Business Overview & Revenue Model

Company Description

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. The firm also launches and manages equity and fixed income mutual funds for its clients. It invests in the public equity and fixed income markets in emerging markets across the globe. The firm employs combination of fundamental analysis to make its investments. Ashmore Group Plc was founded in 1992 and is based in London, United Kingdom.

How the Company Makes Money

Ashmore Group generates revenue primarily through management fees and performance fees from its investment funds. The company earns management fees based on the assets under management (AUM), which grow as more capital is allocated to its investment products. Performance fees are charged when the funds outperform a specified benchmark, incentivizing the firm to deliver strong investment returns. Additionally, Ashmore benefits from strategic partnerships with institutional investors and financial intermediaries, which help attract new investments. The firm's focus on emerging markets, combined with its strong historical performance, contributes to its ability to maintain and grow its revenue streams.

Ashmore Group PLC Financial Statement Overview

Summary

Ashmore Group PLC shows strong profitability with high profit margins and a robust balance sheet with minimal leverage. However, challenges in revenue growth and cash flow generation, including a 16% revenue decline and a 35.4% drop in free cash flow growth, could impact future financial stability.

Income Statement

Ashmore Group PLC has shown strong profitability with a high gross profit margin of 83.5% and a net profit margin of 56.2% in the latest year. However, the company has experienced a significant revenue decline of 16% compared to the previous year, indicating challenges in revenue growth. The EBIT and EBITDA margins remain robust at 75.4% and 77.6%, respectively, showcasing operational efficiency despite the revenue drop.

Balance Sheet

The company maintains a strong balance sheet with a very low debt-to-equity ratio of 0.0059, indicating minimal leverage and financial risk. The return on equity is healthy at 10.4%, reflecting efficient use of equity capital. The equity ratio stands at 86.2%, suggesting a solid equity base relative to total assets.

Cash Flow

Ashmore Group PLC's cash flow performance shows a decline in free cash flow growth by 35.4%, which is a concern. The operating cash flow to net income ratio is 0.46, indicating that operating cash flow is less than net income, which may affect liquidity. However, the free cash flow to net income ratio is nearly 1, suggesting that the company is generating sufficient free cash flow relative to its net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	142.40M	144.40M	186.80M	219.30M	199.50M	424.90M
Gross Profit	71.40M	120.60M	101.70M	153.10M	126.10M	344.60M
EBITDA	44.40M	112.00M	131.50M	86.60M	107.60M	276.80M
Net Income	81.20M	81.20M	93.70M	83.30M	88.50M	240.10M
Balance Sheet
Total Assets	908.10M	908.10M	979.70M	1.01B	1.10B	1.11B
Cash, Cash Equivalents and Short-Term Investments	687.20M	687.20M	745.50M	764.30M	849.40M	815.20M
Total Debt	4.60M	4.60M	6.40M	5.80M	8.00M	9.80M
Total Liabilities	117.30M	117.30M	88.90M	95.70M	131.40M	175.30M
Stockholders Equity	782.60M	782.60M	882.60M	898.80M	945.00M	911.60M
Cash Flow
Free Cash Flow	48.40M	48.40M	88.30M	140.00M	158.10M	154.30M
Operating Cash Flow	48.60M	48.60M	89.10M	140.40M	158.60M	155.00M
Investing Cash Flow	33.60M	33.60M	-108.40M	-5.20M	70.30M	-32.50M
Financing Cash Flow	-156.10M	-156.10M	-151.20M	-170.00M	-173.30M	-121.10M

Ashmore Group PLC Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 169.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ASHM, the sentiment is Positive. The current price of 169.2 is above the 20-day moving average (MA) of 163.18, above the 50-day MA of 167.68, and above the 200-day MA of 154.39, indicating a bullish trend. The MACD of 0.61 indicates Negative momentum. The RSI at 60.18 is Neutral, neither overbought nor oversold. The STOCH value of 68.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ASHM.

Ashmore Group PLC Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CHRY	71 Outperform	―	197.93	0.18%	―	―	-96.67%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ASHM	67 Neutral	£1.12B	13.90	9.75%	9.99%	-28.89%	-12.14%
DORE	62 Neutral	―	-43.94	-1.99%	5.72%	―	―

Ashmore Group PLC Corporate Events

Ashmore Group PLC Successfully Passes All AGM Resolutions

Ashmore Group PLC announced that all resolutions were passed at its Annual General Meeting, reflecting strong shareholder support. Key resolutions included the approval of the final dividend, re-election of directors, and adoption of a new incentive plan, indicating a stable governance structure and strategic focus on growth.

Ashmore Group Reports Growth in Assets Under Management

Ashmore Group PLC reported a 2% increase in assets under management (AuM) for the quarter ending September 30, 2025, driven by positive investment performance and improved net flows. The company experienced net inflows in local currency, equity, and alternatives, while external debt saw net outflows. Ashmore’s active management and strong performance in emerging markets have led to increased client engagement and a strategic focus on expanding equities and alternatives, positioning the company to capture additional investor allocations.

Ashmore Group PLC Announces 2025 AGM Details

Ashmore Group PLC has announced the submission of its 2025 Annual General Meeting (AGM) Notice and Form of Proxy to the FCA, with documents available for inspection via the National Storage Mechanism. The AGM is scheduled for November 6, 2025, in London, reflecting the company’s ongoing commitment to transparency and shareholder engagement.

Ashmore Group PLC Announces Key Share Transactions

Ashmore Group PLC announced a series of transactions involving its ordinary shares. Tom Shippey, a director at Ashmore, had 191,621 share awards vest under the company’s Executive Omnibus Incentive Plan, with 58,319 share awards lapsing. Additionally, 153,297 shares were sold at £1.657 each, and 38,324 shares were transferred to Antonia Fay Shippey, a person closely associated with Tom Shippey. These transactions highlight internal share movements and may reflect strategic financial decisions within the company.

Ashmore Group PLC Grants Restricted Share Awards to Director

Ashmore Group PLC announced a transaction involving the grant of restricted share awards to Tom Shippey, a director, under the company’s Executive Omnibus Incentive Plan 2015. This transaction, involving 794,173 ordinary shares at a price of £1.6366 each, reflects the company’s ongoing efforts to incentivize and retain key management personnel, potentially impacting its operational efficiency and stakeholder confidence.

Ashmore Group PLC Releases 2025 Annual Report

Ashmore Group PLC has announced the submission of its 2025 Annual Report and Accounts to the Financial Conduct Authority (FCA) in compliance with UK Listing Rules. The report, which contains regulated information in its entirety, will be accessible via the National Storage Mechanism and the company’s website. This release underscores Ashmore’s commitment to transparency and regulatory compliance, potentially reinforcing its position in the investment management industry and providing stakeholders with comprehensive insights into its financial performance and strategic direction.