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Ashmore Group

LSE:ASHM
Snowflake Description

Outstanding track record with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASHM
LSE
£3B
Market Cap
  1. Home
  2. GB
  3. Diversified Financials
Company description

Ashmore Group plc is a publicly owned investment manager. The last earnings update was 86 days ago. More info.


Add to Portfolio Compare Print
  • Ashmore Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
ASHM Share Price and Events
7 Day Returns
-0.6%
LSE:ASHM
1.4%
GB Capital Markets
0.9%
GB Market
1 Year Returns
26.8%
LSE:ASHM
26.8%
GB Capital Markets
8.7%
GB Market
ASHM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ashmore Group (ASHM) -0.6% -5.3% 1.7% 26.8% 64.4% 76.4%
GB Capital Markets 1.4% 1.1% 1.4% 26.8% 75.5% 108.3%
GB Market 0.9% -0.5% 0.9% 8.7% 3.6% 9.9%
1 Year Return vs Industry and Market
  • ASHM matched the Capital Markets industry (26.8%) over the past year.
  • ASHM outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 8.7% over the past year.
Price Volatility
ASHM
Industry
5yr Volatility vs Market

ASHM Value

 Is Ashmore Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ashmore Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ashmore Group.

LSE:ASHM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= £1.43 * 23.1%
£0.33
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. £1.43
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:ASHM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.778 (1 + (1- 19%) (0%))
0.851
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.851 * 6.07%)
5.7%

Discounted Cash Flow Calculation for LSE:ASHM using Excess Returns Model Model

The calculations below outline how an intrinsic value for Ashmore Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:ASHM Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (23.1% – 5.7%) * £1.43)
£0.25
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= £0.25 / (5.7% - 0.53%)
£4.83
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= £1.43 + £4.83
£6.26
LSE:ASHM Discount to Share Price
Calculation Result
Value per share (GBP) From above. £6.26
Current discount Discount to share price of £4.77
= -1 x (£4.77 - £6.26) / £6.26
23.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Ashmore Group is available for.
Intrinsic value
24%
Share price is £4.77 vs Future cash flow value of £6.26
Current Discount Checks
For Ashmore Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ashmore Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Ashmore Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ashmore Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ashmore Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:ASHM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £0.27
LSE:ASHM Share Price ** LSE (2019-12-11) in GBP £4.77
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PE Ratio Median Figure of 43 Publicly-Listed Capital Markets Companies 19.22x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 751 Publicly-Listed Companies 17.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ashmore Group.

LSE:ASHM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:ASHM Share Price ÷ EPS (both in GBP)

= 4.77 ÷ 0.27

17.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ashmore Group is good value based on earnings compared to the GB Capital Markets industry average.
  • Ashmore Group is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Ashmore Group's expected growth come at a high price?
Raw Data
LSE:ASHM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
8%per year
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PEG Ratio Median Figure of 25 Publicly-Listed Capital Markets Companies 1.13x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 559 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

LSE:ASHM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.95x ÷ 8%

2.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ashmore Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Ashmore Group's assets?
Raw Data
LSE:ASHM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £1.25
LSE:ASHM Share Price * LSE (2019-12-11) in GBP £4.77
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry PB Ratio Median Figure of 75 Publicly-Listed Capital Markets Companies 1.41x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,312 Publicly-Listed Companies 1.51x
LSE:ASHM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:ASHM Share Price ÷ Book Value per Share (both in GBP)

= 4.77 ÷ 1.25

3.8x

* Primary Listing of Ashmore Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ashmore Group is overvalued based on assets compared to the GB Capital Markets industry average.
X
Value checks
We assess Ashmore Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Ashmore Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ASHM Future Performance

 How is Ashmore Group expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ashmore Group expected to grow at an attractive rate?
  • Ashmore Group's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Ashmore Group's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Ashmore Group's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:ASHM Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:ASHM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 8%
LSE:ASHM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 11.5%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 17.6%
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 6.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:ASHM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:ASHM Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-06-30 245
2023-06-30 249
2022-06-30 434 253 242 12
2021-06-30 398 236 226 15
2020-06-30 364 215 202 15
2019-12-11
LSE:ASHM Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 303 189 179
2019-03-31 294 183 161
2018-12-31 286 176 144
2018-09-30 281 168 148
2018-06-30 277 159 151
2018-03-31 263 132 150
2017-12-31 250 105 149
2017-09-30 251 114 159
2017-06-30 253 123 168
2017-03-31 246 125 174
2016-12-31 240 126 180
2016-09-30 225 112 154

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ashmore Group's earnings are expected to grow by 8% yearly, however this is not considered high growth (20% yearly).
  • Ashmore Group's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:ASHM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Ashmore Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:ASHM Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 0.34 0.36 0.32 6.00
2021-06-30 0.32 0.33 0.30 9.00
2020-06-30 0.28 0.29 0.26 9.00
2019-12-11
LSE:ASHM Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 0.27
2019-03-31 0.24
2018-12-31 0.21
2018-09-30 0.22
2018-06-30 0.23
2018-03-31 0.22
2017-12-31 0.22
2017-09-30 0.24
2017-06-30 0.25
2017-03-31 0.26
2016-12-31 0.27
2016-09-30 0.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ashmore Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Ashmore Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ashmore Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ASHM Past Performance

  How has Ashmore Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ashmore Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ashmore Group's year on year earnings growth rate has been positive over the past 5 years.
  • Ashmore Group's 1-year earnings growth exceeds its 5-year average (18% vs 4.6%)
  • Ashmore Group's earnings growth has exceeded the GB Capital Markets industry average in the past year (18% vs 14.5%).
Earnings and Revenue History
Ashmore Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ashmore Group Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:ASHM Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 303.00 178.60 4.00
2019-03-31 294.30 161.10 3.90
2018-12-31 285.60 143.60 3.80
2018-09-30 281.05 147.50 3.80
2018-06-30 276.50 151.40 3.80
2018-03-31 263.40 150.40 4.25
2017-12-31 250.30 149.40 4.70
2017-09-30 251.45 158.50 4.70
2017-06-30 252.60 167.60 4.70
2017-03-31 246.15 173.70 4.60
2016-12-31 239.70 179.80 4.50
2016-09-30 225.05 153.80 4.50
2016-06-30 210.40 127.80 4.50
2016-03-31 221.20 114.85 4.35
2015-12-31 232.00 101.90 4.20
2015-09-30 248.60 119.20 4.20
2015-06-30 265.20 136.50 4.20
2015-03-31 272.10 142.75 4.40
2014-12-31 279.00 149.00 4.60
2014-09-30 284.25 140.55 4.60
2014-06-30 289.50 132.10 4.60
2014-03-31 313.80 152.05 4.65
2013-12-31 338.10 172.00 4.70
2013-09-30 344.45 187.10 4.70
2013-06-30 350.80 202.20 4.70
2013-03-31 334.55 192.10 4.60
2012-12-31 318.30 182.00 4.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ashmore Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Ashmore Group used its assets more efficiently than the GB Capital Markets industry average last year based on Return on Assets.
  • Ashmore Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ashmore Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ashmore Group has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ASHM Health

 How is Ashmore Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ashmore Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ashmore Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ashmore Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ashmore Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Ashmore Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ashmore Group Company Filings, last reported 5 months ago.

LSE:ASHM Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 854.10 0.00 771.90
2019-03-31 854.10 0.00 771.90
2018-12-31 768.10 0.00 657.00
2018-09-30 768.10 0.00 657.00
2018-06-30 760.50 0.00 681.20
2018-03-31 760.50 0.00 681.20
2017-12-31 706.60 0.00 657.30
2017-09-30 706.60 0.00 657.30
2017-06-30 726.70 0.00 711.00
2017-03-31 726.70 0.00 711.00
2016-12-31 697.30 0.00 628.80
2016-09-30 697.30 0.00 628.80
2016-06-30 680.00 0.00 584.70
2016-03-31 680.00 0.00 584.70
2015-12-31 632.30 0.00 557.80
2015-09-30 632.30 0.00 557.80
2015-06-30 670.10 0.00 584.20
2015-03-31 670.10 0.00 584.20
2014-12-31 639.00 0.00 613.50
2014-09-30 639.00 0.00 613.50
2014-06-30 632.20 0.00 583.20
2014-03-31 632.20 0.00 515.10
2013-12-31 614.40 0.00 460.50
2013-09-30 614.40 0.00 460.50
2013-06-30 645.80 0.00 500.80
2013-03-31 645.80 0.00 500.80
2012-12-31 585.00 0.00 462.50
  • Ashmore Group has no debt.
  • Ashmore Group has not taken on any debt in the past 5 years.
  • Ashmore Group has no debt, it does not need to be covered by operating cash flow.
  • Ashmore Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Ashmore Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ashmore Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ASHM Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.49%
Current annual income from Ashmore Group dividends. Estimated to be 4.05% next year.
If you bought £2,000 of Ashmore Group shares you are expected to receive £70 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ashmore Group's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.95%).
  • Ashmore Group's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:ASHM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 40 Stocks 2.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 678 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:ASHM Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2024-06-30
2023-06-30
2022-06-30 0.21 13.00
2021-06-30 0.19 16.00
2020-06-30 0.18 16.00
2019-12-11
LSE:ASHM Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-10-18 0.167 3.466
2018-10-19 0.167 3.860
2018-02-08 0.167 4.451
2017-10-20 0.167 4.248
2016-09-06 0.167 4.916
2015-09-22 0.167 6.142
2015-09-08 0.167 6.436
2015-02-26 0.166 5.694
2014-09-15 0.165 5.585
2014-02-25 0.162 4.697
2013-09-30 0.161 4.285
2013-09-10 0.161 4.143
2013-02-21 0.151 4.101
2012-10-01 0.150 4.151
2012-09-11 0.150 4.453
2012-02-23 0.146 4.147
2011-09-27 0.145 4.246
2011-09-13 0.145 3.837
2010-09-14 0.130 3.602
2010-09-13 0.130 4.108
2009-09-15 0.120 4.581
2009-06-30 0.120 5.541

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Ashmore Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Ashmore Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ashmore Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ashmore Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ASHM Management

 What is the CEO of Ashmore Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Coombs
COMPENSATION £3,605,000
AGE 59
TENURE AS CEO 21 years
CEO Bio

Mr. Mark Coombs has been the Chief Executive Officer at Ashmore Investment Management Limited since December 1998 and serves as its Executive Director since December 3, 1998. He has been the Chief Executive Officer at Ashmore Group PLC since December 1998 and has been its Executive Director since December 03, 1998. Mr. Coombs serves as Managing Director at Ashmore Energy Service Corp. He established Ashmore in 1992 as a separate division within ANZ in 1992 and is responsible for setting overall investment strategy of funds managed. Mr. Coombs has been involved in emerging markets since 1983. He joined Grindlays Bank Plc in 1983. Mr. Coombs served as the Head of Emerging Markets Group for ANZ Merchant Bank Limited since 1988, Head of the International Merchant Banking Division of ANZ Grindlays Bank plc since 1991 and Head of Markets for ANZ Group since 1997. He serves as a Director of Prisma Energy International, Inc. Mr. Coombs served as a Director of AEI. Mr. Coombs has been a Co-Chairman of the Emerging Markets Trade Association since 2000 and has been its Board Member since 1993. He held a number of positions at Australia and New Zealand Banking Group (ANZ) and led Ashmore’s buyout from ANZ in early 1999. He is Co-Chair of EMTA, the trade association for Emerging Markets, having been on the Board since 1993. He holds an M.A. (Honors) in Law from Cambridge University.

CEO Compensation
  • Mark's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • Mark's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Ashmore Group management team in years:

6.1
Average Tenure
57.5
Average Age
  • The average tenure for the Ashmore Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mark Coombs

TITLE
CEO & Executive Director
COMPENSATION
£4M
AGE
59
TENURE
21 yrs

Tom Shippey

TITLE
Group Finance Director & Executive Director
COMPENSATION
£1M
AGE
45
TENURE
6.1 yrs

Robert Hegt

TITLE
Global Head of Institutional Account Management

Mark Grimwood

TITLE
Compliance Officer
AGE
64

Kevin Bond

TITLE
Head of Institutional business Development

Camilo Villaveces

TITLE
Colombia Chief Executive

John Taylor

TITLE
Group Company Secretary
TENURE
1.5 yrs

Julian Green

TITLE
Senior Portfolio Manager
AGE
56

Jake Ward

TITLE
Junior Frontier Equity Analyst
Board of Directors Tenure

Average tenure and age of the Ashmore Group board of directors in years:

3.8
Average Tenure
61
Average Age
  • The tenure for the Ashmore Group board of directors is about average.
Board of Directors

David Bennett

TITLE
Non- Executive Chairman
COMPENSATION
£133K
AGE
57
TENURE
1.2 yrs

Mark Coombs

TITLE
CEO & Executive Director
COMPENSATION
£4M
AGE
59
TENURE
21 yrs

Tom Shippey

TITLE
Group Finance Director & Executive Director
COMPENSATION
£1M
AGE
45
TENURE
6.1 yrs

Anne Pringle

TITLE
Non-Executive Director
COMPENSATION
£71K
AGE
64
TENURE
6.8 yrs

Clive Adamson

TITLE
Senior Independent Director
COMPENSATION
£82K
AGE
63
TENURE
1.2 yrs

Jennifer Bingham

TITLE
Non-Executive Director
COMPENSATION
£60K
AGE
67
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • Ashmore Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
11. Nov 19 Buy Clive Adamson Individual 11. Nov 19 11. Nov 19 1,066 £4.90 £5,226
16. Oct 19 Sell Tom Shippey Individual 14. Oct 19 14. Oct 19 -77,215 £4.79 £-369,536
30. Sep 19 Sell Mark Coombs Individual 30. Sep 19 30. Sep 19 -3,000,000 £5.01 £-15,043,199
30. Sep 19 Sell Tom Shippey Individual 30. Sep 19 30. Sep 19 -68,448 £5.02 £-343,780
18. Apr 19 Sell Tom Shippey Individual 16. Apr 19 16. Apr 19 -96,177 £4.72 £-453,503
14. Mar 19 Sell Tom Shippey Individual 13. Mar 19 13. Mar 19 -2,544 £4.05 £-10,292
X
Management checks
We assess Ashmore Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ashmore Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ASHM News

Simply Wall St News

Does Ashmore Group PLC's (LON:ASHM) PE Ratio Signal A Selling Opportunity?

and want to learn about the link between company’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … What you need to know about the P/E ratio

Simply Wall St -

Why Ashmore Group PLC (LON:ASHM) Should Be In Your Portfolio

Over the past 10 years Ashmore Group PLC (LON:ASHM) has returned an average of 5.00% per year from dividend payouts. … The company is currently worth UK£2.38b, and now yields roughly 4.62%. … Let's dig deeper into whether Ashmore Group should have a place in your portfolio.

Simply Wall St -

Is June The Month To Buy Ashmore Group PLC (LON:ASHM)?

Ashmore Group PLC (LON:ASHM) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of £3.76 is based on unrealistic expectations. … Let’s look into this by assessing ASHM's expected growth over the next few years. … According to the analysts covering the company, the following few years should bring about good growth prospects for Ashmore Group

Simply Wall St -

Intrinsic Calculation For Ashmore Group PLC (LON:ASHM) Shows Investors Are Overpaying

Valuing ASHM, a financial stock, can be daunting since these capital market firms generally have cash flows that are impacted by regulations that are not imposed upon other industries. … For example, capital market businesses are required to hold more capital to reduce the risk to shareholders.

Simply Wall St -

How Does Ashmore Group PLC (LON:ASHM) Fare As A Dividend Stock?

View our latest analysis for Ashmore Group 5 questions I ask before picking a dividend stock When researching a dividend stock, I always follow the following screening criteria: Does it pay an annual yield higher than 75% of dividend payers? … However, going forward, analysts expect ASHM's payout to fall to 59.73% of its earnings, which leads to a dividend yield of 4.68%. … Next Steps: With this in mind, I definitely rank Ashmore Group as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio.

Simply Wall St -

Is Ashmore Group PLC (LON:ASHM) Worth £3.99 Based On Intrinsic Value?

Focusing on data points like book values, in addition to the return and cost of equity, can be useful for assessing ASHM’s value. … The returns above the cost of equity is known as excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (21.67% – 9.02%) * £1.18 = £0.15 Excess Return Per Share is used to calculate the terminal value of ASHM, which is how much the business is expected to continue to generate over the upcoming years, in perpetuity. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = £0.15 / (9.02% – 1.49%) = £1.99 Putting this all together, we get the value of ASHM’s share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = £1.18 + £1.99 = £3.17 Relative to today's price of £3.99, ASHM is trading above what it's actually worth.

Simply Wall St -

Does Ashmore Group PLC's (LON:ASHM) April Stock Price Reflect Its Future Growth?

However, to properly examine the value of a high-growth stock such as Ashmore Group, we must reflect its earnings growth into the valuation. … A PE ratio of 18.55x and expected year-on-year earnings growth of 12.21% give Ashmore Group a higher PEG ratio of 1.52x. … This tells us that when we include its growth in our analysis Ashmore Group's stock can be considered a bit overvalued , based on fundamental analysis.

Simply Wall St -

Should You Buy Ashmore Group PLC (LON:ASHM) Now?

Let’s take a look at Ashmore Group’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … This means that the opportunity to buy Ashmore Group at a good price has disappeared! … Since Ashmore Group’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest.

Simply Wall St -

Does Ashmore Group PLC's (LON:ASHM) -16.91% Earnings Drop Reflect A Longer Term Trend?

Today I will take you through a basic sense check to gain perspective on how Ashmore Group is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … View our latest analysis for Ashmore Group Commentary On ASHM's Past Performance For the most up-to-date info, I use data from the most recent 12 months, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Ashmore Group, its latest earnings (trailing twelve month) is UK£149.40M, which, against the previous year's level, has plunged by -16.91%.

Simply Wall St -

Is Ashmore Group PLC's (LON:ASHM) PE Ratio A Signal To Sell For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for ASHM Price per share = £3.78 Earnings per share = £0.223 ∴ Price-Earnings Ratio = £3.78 ÷ £0.223 = 16.9x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … ASHM’s P/E of 16.9x is higher than its industry peers (15.4x), which implies that each dollar of ASHM’s earnings is being overvalued by investors. … For example, if you are inadvertently comparing riskier firms with ASHM, then ASHM’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.

Simply Wall St -

ASHM Company Info

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. Ashmore Group Plc was founded in 1992 and is based in London, United Kingdom.

Details
Name: Ashmore Group PLC
ASHM
Exchange: LSE
Founded: 1992
£3,205,935,022
672,385,701
Website: http://www.ashmoregroup.com
Address: Ashmore Group PLC
61 Aldwych,
London,
Greater London, WC2B 4AE,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE ASHM Ordinary Shares London Stock Exchange GB GBP 12. Oct 2006
OTCPK AJMP.F Ordinary Shares Pink Sheets LLC US USD 12. Oct 2006
DB A1B Ordinary Shares Deutsche Boerse AG DE EUR 12. Oct 2006
BATS-CHIXE ASHML Ordinary Shares BATS 'Chi-X Europe' GB GBP 12. Oct 2006
Number of employees
Current staff
Staff numbers
307
Ashmore Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/11 21:04
End of day share price update: 2019/12/11 00:00
Last estimates confirmation: 2019/12/06
Last earnings filing: 2019/09/16
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.