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ASA International Group PLC (ASAI) AI Stock Analysis
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ASA International Group PLC
(LSE:ASAI)
The score is driven by attractive valuation (low P/E and solid dividend yield) and a constructive technical trend with neutral-to-positive momentum. Offsetting these positives, the financial profile is tempered by sustained negative operating/free cash flow since 2023 and elevated leverage, while the latest earnings call was supportive but acknowledged rising credit provisions and modest margin/asset-quality pressures.
ASA International Group PLC (ASAI) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 245.00M
- Dividend Yield
- 5.00%
- Average Volume (3M)
- 50.51K
- Price to Earnings (P/E)
- 4.4
- Beta (1Y)
- 0.66
- Revenue Growth
- 25.27%
- EPS Growth
- 69.00%
- Country
- UK
- Employees
- 15,226
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Financial - Credit Services
ASA International Group PLC Business Overview & Revenue Model
Company Description
ASA International Group PLC delivers microfinance solutions across Africa and Asia. The company primarily focuses on assisting low-income female micro-entrepreneurs by offering them various unsecured loans, including small business loans, to facilita...
How the Company Makes Money
ASA International makes money primarily by earning interest income and fees on microloans issued to customers through its operating subsidiaries. The core revenue model is lending-based: the company raises or allocates funding to its local entities,...
ASA International Group PLC Earnings Call Summary
The call was strongly positive. Management reported robust underlying growth, a 42% increase in underlying net profit, improved operating efficiency, stronger equity and funding positions, continued strategic execution, and a full-year outlook at or slightly above $70.2 million consensus. The main challenges were modest portfolio-quality deterioration, margin pressure, adverse foreign-exchange translation, expected higher credit provisions and taxes, and disruption from Uganda's trade regulations, but these did not outweigh the positive operating and financial trends.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For the remainder of 2026, ASA International expects demand for loans by clients to also be resilient and full year 2026 underlying net profit to be in line or slightly ahead of the current company compiled consensus of $70.2 million; for the second half, margins are expected to remain in that bracket, which we are very comfortable with, between 35% and 40%, costs are expected to be well under control, but we will see a bit of a further rise, ECL charges are likely to rise slightly, and the effective tax rate is expected to go up basically from the underlying 38% to in the range around 40%-42%; the goal is still to pay out 25% over the full year of 2026, with a maximum payout of 30%, and the funding pipeline is robust, standing at more than $300 million for the remainder of 2026.
ASA International Group PLC Financial Statement Overview
Summary
Reported profitability has improved (net income rising from 29.2M in 2024 to 57.1M in 2025) and gross profitability is strong (~79–81% in 2021–2024). However, financial risk is elevated due to high leverage (debt-to-equity ~2.9–3.6x in 2022–2024) and a material deterioration in cash generation, with negative operating and free cash flow persisting in 2023–2025 (e.g., -53.4M operating cash flow and -60.6M free cash flow in 2025).
Income Statement
62PositiveBalance Sheet
48NeutralCash Flow
25Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 295.63M | 312.41M | 230.29M | 183.99M | 186.77M | 197.01M |
| Gross Profit | 283.30M | 257.00M | 186.84M | 146.24M | 146.45M | 154.57M |
| EBITDA | 157.37M | 112.23M | 70.02M | 37.66M | 52.05M | 32.09M |
| Net Income | 74.56M | 57.09M | 29.25M | 9.21M | 17.89M | 8.79M |
Balance Sheet | ||||||
| Total Assets | 848.68M | 797.11M | 568.50M | 490.03M | 489.75M | 562.55M |
| Cash, Cash Equivalents and Short-Term Investments | 175.81M | 107.46M | 79.82M | 2.15B | 68.97M | 111.48M |
| Total Debt | 440.17M | 428.55M | 324.77M | 276.68M | 264.39M | 322.13M |
| Total Liabilities | 655.08M | 635.26M | 472.01M | 413.42M | 400.09M | 459.11M |
| Stockholders Equity | 194.71M | 164.26M | 98.47M | 77.93M | 89.81M | 103.58M |
Cash Flow | ||||||
| Free Cash Flow | 90.17M | -60.63M | -29.68M | -24.17M | 36.95M | 10.35M |
| Operating Cash Flow | 88.32M | -53.44M | -23.54M | -16.67M | 43.12M | 12.52M |
| Investing Cash Flow | -171.66M | -7.17M | -6.07M | -7.50M | -5.83M | -2.19M |
| Financing Cash Flow | 119.96M | 88.47M | 34.91M | 27.56M | -29.72M | -12.41M |
ASA International Group PLC Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:ASAI, the sentiment is Positive. The current price of 245.00 is above the 20-day moving average (MA) of 243.75, above the 50-day MA of 238.69, and above the 200-day MA of 219.82, indicating a bullish trend. The MACD of 3.94 indicates Negative momentum. The RSI at 51.88 is Neutral, neither overbought nor oversold. The STOCH value of 48.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:ASAI.
ASA International Group PLC Peers Comparison
Overall Rating
GB:DFCH74Outperform
GB:FCH67Neutral- GB:ASAI67Neutral
GB:SUS61Neutral
GB:VANQ51Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:DFCH | 74Outperform | GBP 117.08M | 6.35 | 13.97% | ― | 22.63% | 33.09% |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| GB:FCH | 67Neutral | GBP 571.83M | 9.94 | 26.71% | ― | 52.96% | 242.50% |
| GB:ASAI | 67Neutral | GBP 245.00M | 4.37 | 41.54% | 5.00% | 25.27% | 69.00% |
| GB:SUS | 61Neutral | GBP 228.43M | 9.54 | 9.55% | 6.17% | 5.62% | 19.68% |
| GB:VANQ | 51Neutral | GBP 109.32M | 10.05 | 2.20% | ― | 6.21% | ― |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:ASAI | ASA International Group PLC | 245.00 | 79.39 | 47.94% | |
| GB:VANQ | Vanquis Banking Group plc | 43.10 | -70.70 | -62.13% | |
| GB:SUS | S&U plc | 1880.00 | 208.15 | 12.45% | |
| GB:FCH | Funding Circle Holdings | 207.00 | 71.40 | 52.65% | |
| GB:DFCH | Distribution Finance Capital Holdings Plc | 71.00 | 18.00 | 33.96% |
ASA International Group PLC Corporate Events
ASA International Discloses Off‑Market Share Transfer to General Counsel
PositiveASA International Group plc has disclosed a director and PDMR share transaction involving its General Counsel, Martijn Bollen, as part of its ongoing regulatory transparency obligations. Bollen received 524,540 ordinary shares of 1p each in an off-ma...
ASA International appoints CFO Geert Embrechts to Board
PositiveASA International Group PLC has appointed Chief Financial Officer Geert Embrechts to its Board as an Executive Director, effective 9 September 2026. The move formalises his transition, previously announced in November 2025, and underscores the compan...
ASA International boosts profits and loan book as capital strength grows
PositiveASA International reported a 70% rise in H1 2026 net profit to USD 45.6 million, with underlying profit up 42% and gross outstanding loans growing 12% year-on-year to USD 603.9 million. The group’s portfolio quality remained strong, with PAR ov...
ASA International GC Exercises Share Options Under LTIP
NeutralASA International Group plc, a major microfinance provider listed in London, focuses on advancing financial inclusion by offering small loans to low-income entrepreneurs, mainly women, across multiple markets in Asia and Africa. Its model targets fin...
ASA International CEO Exercises Share Options, Bolstering Stake in Microfinance Group
PositiveASA International Group plc disclosed that Chief Executive Officer Rob Keijsers has exercised options under the company’s long-term incentive plan, acquiring 30,000 ordinary shares at a price of GBP 0.82 per share. The transaction, completed on...
ASA International posts Q2 growth as digital push and India exit reshape portfolio
PositiveASA International reported continued portfolio and client growth in the second quarter of 2026, underscoring resilience in its microfinance operations despite challenging conditions in several markets. Gross outstanding loans rose 4% during the quart...
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.
Date of analysis: Sep 11, 2026