Ashmore Group PLC (ASHM) AI Stock Analysis

• Market Cap: £1.19B
• Dividend Yield: 9.37%
• Average Volume (3M): 879.84K
• Price to Earnings (P/E): 15.2
• Beta (1Y): 1.55
• 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: 788,750
• 30 Day Avg. Volume: 879,838
• 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: £151.99
• Price Target Upside: -15.70% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 5

• Rating: 71 Outperform
• Price Target: 199.00p ▲(10.37% Upside)

Ashmore Group PLC's overall stock score of 71 reflects strong profitability and a robust balance sheet, supported by positive technical indicators and attractive valuation metrics. However, challenges in revenue growth, cash flow generation, and mixed earnings call results temper the score. The company's strategic positioning in emerging markets and local businesses provides a positive outlook, but immediate financial performance concerns remain.

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: 180.30
• 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 180.3 is above the 20-day moving average (MA) of 171.99, above the 50-day MA of 173.10, and above the 200-day MA of 158.28, indicating a bullish trend. The MACD of 2.73 indicates Negative momentum. The RSI at 60.67 is Neutral, neither overbought nor oversold. The STOCH value of 79.34 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
ASHM	71 Outperform	£1.19B	15.16	9.75%	9.37%	-28.89%	-12.14%
CHRY	71 Outperform	£535.02M	6.89	―	―	―	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
DORE	62 Neutral	£148.01M	35.17	-1.99%	5.70%	―	―

Ashmore Group PLC Corporate Events

Ashmore Group Reports Growth in Assets Under Management Amid Emerging Markets Outperformance

Ashmore Group PLC reported a $1.4 billion increase in assets under management for the quarter ending June 30, 2025, driven by positive investment performance despite net outflows. The company saw improved net flows, lower redemptions, and consistent subscription levels amid geopolitical uncertainties. Ashmore’s diversified product range and investment outperformance position it well to capitalize on the shift of investor interest towards emerging markets, as these markets continue to deliver strong returns compared to developed markets.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £1.52 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

BlackRock Increases Stake in Ashmore Group PLC

Ashmore Group PLC has announced a change in its voting rights structure due to an acquisition by BlackRock, Inc., which has increased its stake in the company. The acquisition has resulted in BlackRock holding 5.89% of Ashmore’s voting rights, up from a previous 5.41%. This change signifies BlackRock’s growing influence within Ashmore, potentially impacting the company’s strategic decisions and stakeholder dynamics.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £1.52 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

Ashmore Group Announces Board Changes with New Non-Executive Director

Ashmore Group PLC has announced a significant change in its board of directors, with Anna Sweeney joining as a Non-Executive Director effective 1 August 2025. With a robust background in banking and insurance regulation, Anna is set to bring her expertise in risk management and governance to the company. Concurrently, Shirley Garrood will be stepping down from her role, and Anna will succeed her as Chair of the Audit and Risk Committee, pending regulatory approval. These changes are expected to enhance the board’s oversight capabilities and strengthen Ashmore’s governance framework.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

BlackRock Increases Voting Rights in Ashmore Group

Ashmore Group PLC has announced an increase in its voting rights holdings by BlackRock, Inc., a major shareholder, following a client instruction to elect for decision-making on voting rights. This change, effective as of June 17, 2025, raises BlackRock’s total voting rights in Ashmore to 5.46%, reflecting a slight increase from the previous 5.40%. This adjustment in shareholder voting rights could influence future corporate governance decisions and reflects BlackRock’s active involvement in Ashmore’s strategic direction.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

Ashmore Group PLC Announces Change in BlackRock’s Voting Rights

Ashmore Group PLC has announced a change in the voting rights held by BlackRock, Inc., a major shareholder. BlackRock’s voting rights in Ashmore have decreased slightly from 5.42% to 5.40%, following an acquisition or disposal of voting rights. This adjustment reflects a minor shift in BlackRock’s investment position in Ashmore, which may have implications for the company’s shareholder dynamics and market perception.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

BlackRock Increases Stake in Ashmore Group PLC

BlackRock, Inc., a major shareholder in Ashmore Group PLC, has increased its holding in the company following a client instruction to make decisions on voting rights. This change in BlackRock’s stake, which now stands at 5.42% of total voting rights, reflects a slight increase from its previous position and may influence Ashmore’s strategic decisions and shareholder dynamics.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

Ashmore Group Reports Change in BlackRock’s Voting Rights

Ashmore Group PLC has reported a change in the voting rights held by BlackRock, Inc., a major shareholder. As of June 9, 2025, BlackRock’s total voting rights in Ashmore Group decreased slightly to 5.35% from a previous 5.36%. This adjustment in holdings reflects a minor shift in BlackRock’s investment position, potentially impacting its influence on Ashmore’s corporate decisions.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

Ashmore Group PLC Announces Significant Share Sale by Finance Director’s Associate

Ashmore Group PLC has announced a transaction involving the sale of 125,000 ordinary shares at a price of £1.533 per share by Fay Shippey, who is closely associated with Tom Shippey, the Group Finance Director. This transaction, conducted on the London Stock Exchange on June 5, 2025, may have implications for the company’s stock performance and investor perception, as it involves a significant volume of shares being sold by a person closely linked to the company’s financial leadership.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

Ashmore Group PLC Announces Change in Voting Rights Structure

Ashmore Group PLC has announced a change in its voting rights structure following an acquisition or disposal by BlackRock, Inc. As of June 4, 2025, BlackRock’s total voting rights in Ashmore have decreased slightly to 5.35% from a previous 5.38%. This adjustment reflects a minor shift in BlackRock’s investment position in Ashmore, which may have implications for shareholder dynamics and influence within the company.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £135.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

BlackRock Adjusts Voting Rights in Ashmore Group

Ashmore Group PLC, a UK-based company, has announced a change in its major holdings, with BlackRock, Inc. increasing its voting rights in the company. This adjustment in voting rights, which now stand at 5.38%, reflects a slight decrease from the previous position of 5.43%, indicating a strategic move by BlackRock in its investment approach.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.

Ashmore Group PLC Announces Change in Voting Rights Holdings

Ashmore Group PLC has announced a change in its voting rights holdings, with BlackRock, Inc. adjusting its position. BlackRock’s total voting rights in Ashmore have decreased to 5.43%, down from a previous total of 5.59%. This adjustment reflects a slight reduction in BlackRock’s influence within Ashmore, potentially impacting the company’s stakeholder dynamics and market perception.

The most recent analyst rating on (GB:ASHM) stock is a Hold with a £197.00 price target. To see the full list of analyst forecasts on Ashmore Group PLC stock, see the GB:ASHM Stock Forecast page.