Company Valuation: Ashmore Group Plc

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,542 1,464 1,372 1,129 1,026 1,459 - -
Change - -42.42% -6.25% -17.75% -9.08% 42.16% - -
Enterprise Value (EV) 1 2,086 911.9 893.8 623.4 682.2 1,183 1,191 1,228
Change - -56.29% -1.98% -30.26% 9.43% 73.45% 0.64% 3.15%
P/E 11.2x 17.6x 17.1x 12.6x 13.3x 15.2x 23.9x 21.2x
PBR 2.79x 1.54x 1.53x 1.28x 1.3x 1.91x 1.97x 2.03x
PEG - -0.3x -4.69x 1.1x -1x 0.6x -0.7x 1.7x
Capitalization / Revenue 8.72x 5.58x 6.99x 5.96x 7.12x 10.5x 9.13x 8.16x
EV / Revenue 7.15x 3.47x 4.55x 3.29x 4.73x 8.5x 7.45x 6.87x
EV / EBITDA 10.7x 5.55x 8.42x 8x 13x 26.3x 19.2x 16.5x
EV / EBIT 10.8x 5.66x 8.68x 8.33x 13.8x 28.7x 20.6x 17.7x
EV / FCF 14x 5.81x 8.59x 7.06x 14.1x 11x 16.4x 14.7x
FCF Yield 7.12% 17.2% 11.6% 14.2% 7.09% 9.13% 6.1% 6.8%
Dividend per Share 2 0.169 0.169 0.169 0.169 0.169 0.169 0.169 0.169
Rate of return 4.39% 7.62% 8.13% 9.94% 10.8% 7.53% 7.53% 7.53%
EPS 2 0.3423 0.1261 0.1215 0.1355 0.1177 0.1474 0.0938 0.1056
Distribution rate 49.4% 134% 139% 125% 144% 115% 180% 160%
Net sales 1 291.7 262.5 196.4 189.3 144.1 139.2 159.8 178.9
EBITDA 1 195.7 164.3 106.2 77.9 52.5 45.03 62.1 74.47
EBIT 1 192.9 161.2 103 74.8 49.4 41.16 57.89 69.34
Net income 1 240.1 88.5 83.3 93.7 81.2 100.5 63.85 72
Net Debt 1 -456.1 -552 -478.6 -505.4 -344.1 -275.7 -268.1 -230.6
Reference price 2 3.850 2.218 2.080 1.701 1.565 2.244 2.244 2.244
Nbr of stocks (in thousands) 660,311 659,991 659,804 663,586 655,765 650,150 - -
Announcement Date 9/3/21 9/2/22 9/6/23 9/5/24 9/5/25 - - -
1GBP in Million2GBP
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.87x8.24x15.8x3.59% 115B
17.97x14.05x28.74x0.72% 98.13B
24.33x - - 3.8% 32.39B
11.68x4.82x9.46x5.22% 22.1B
17.63x1.86x7.14x3.79% 17.69B
15.2x4.68x12.9x2.85% 17.55B
15.14x9.57x - 9.66% 14.27B
33.89x19.32x26.53x - 12B
Average 19.96x 8.93x 16.76x 4.23% 41.13B
Weighted average by Cap. 20.52x 9.83x 19.53x 3.08%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield