Ashmore Group (ASHM)

Sector:

Financials

Index:

FTSE 250

198.40p
   
  • Change Today:
      2.10p
  • 52 Week High: 238.60
  • 52 Week Low: 166.30
  • Currency: UK Pounds
  • Shares Issued: 712.74m
  • Volume: 314,690
  • Market Cap: £1,414.08m
  • RiskGrade: 146

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 8.1% 7.6% 4.4% 4.1% 3.3%
           
Continuing Operations          
PE Ratio - Adjusted 16.7 16.5 10.6 15.3 19.2
PE Ratio - Diluted 17.1
17.1		 17.6
17.6		 11.2
11.2		 16.2
16.2		 20.3
20.4
PEG - Adjusted n/a n/a 0.3 5.1 1.1
PEG - Diluted n/a
n/a		 n/a
n/a		 0.3
0.3		 5.4
5.4		 1.1
1.1
Return on Capital Employed 9.26%
9.26%		 13.50%
13.50%		 0.30%
0.30%		 25.98%
25.98%		 26.12%
26.16%
Operating Margin 41.32%
41.32%		 48.58%
48.58%		 88.19%
88.19%		 62.04%
62.04%		 64.21%
64.21%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 16.7 16.5 1,047.8 15.3 19.2
PE Ratio - Diluted 17.1
17.1		 17.6
17.6		 1,114.3
1,114.0		 16.2
16.2		 20.3
20.4
PEG - Adjusted n/a 0.0 n/a 5.1 1.1
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 5.4
5.4		 1.1
1.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Net Gearing (52.60%) (57.57%) (48.96%) (57.30%) n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Price/Book Value 1.7 1.7 3.0 3.5 4.5
Price/Tangible Book Value 1.7 1.7 3.1 3.6 4.5
Price/ Cash Flow 13.3 9.3 17.0 13.7 18.1
Price/Revenue 7.52 5.92 858.59 8.22 10.83
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 123.26p 132.82p 129.25p 118.51p 114.05p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Continuing Operations          
Revenue 185.40 247.00 2.96 338.00 316.30
EBITDA 79.80
79.80		 123.10
123.10		 2.64
2.64		 213.10
213.10		 203.10
203.10
Depreciation (3.20)
(3.20)		 (3.10)
(3.10)		 (0.03)
(0.03)		 (3.40)
(3.40)		 n/a
n/a
Net Interest 33.90
33.90		 (2.10)
(2.10)		 0.24
0.24		 12.00
12.00		 17.10
17.10
Profit Before Tax 111.80
111.80		 118.40
118.40		 2.85
2.85		 221.50
221.50		 219.90
219.90
           
Revenue per Share 27.66p 37.45p 0.45p 50.75p 47.04p
Pre-Tax Profit per Share 16.68p
16.68p		 17.95p
17.95p		 0.43p
0.43p		 33.26p
33.26p		 32.71p
32.71p
Market Capitalisation £ (Millions) 1,482.50 1,580.86 2,744.05 2,973.55 3,631.41
Enterprise Value (EV) £ (Millions) 1,432.50 1,556.56 2,711.55 2,972.15 3,615.41
EBITDA/EV 5.57%
5.57%		 7.91%
7.91%		 0.10%
0.10%		 7.17%
7.17%		 5.62%
5.62%
Operating Margin 41.32%
41.32%		 48.58%
48.58%		 88.19%
88.19%		 62.04%
62.04%		 64.21%
64.21%
Capital Employed £ (Millions) 841.20 892.70 872.50 806.40 775.20
Return on Capital Employed 9.26%
9.26%		 13.50%
13.50%		 0.30%
0.30%		 25.98%
25.98%		 26.12%
26.16%
Invested Equity Capital £ (Millions) 908.10 953.80 922.10 863.30 851.60
           
Earnings per Share - Basic 12.43p
12.43p		 13.42p
13.42p		 36.40p
36.41p		 27.35p
27.34p		 26.57p
26.56p
Earnings per Share - Diluted 12.15p
12.15p		 12.61p
12.61p		 34.23p
34.24p		 25.68p
25.68p		 25.04p
25.04p
Earnings per Share - Adjusted 12.43p 13.42p 36.40p 27.35p 26.57p
Earnings per Share Growth - Basic -7%
-7%		 -63%
-63%		 33%
33%		 3%
3%		 18%
18%
Earnings per Share Growth - Diluted -4%
-4%		 -63%
-63%		 33%
33%		 3%
3%		 18%
18%
Earnings per Share Growth - Adjusted -7% -63% 33% 3% 18%
PE Ratio - Diluted 17.1
17.1		 17.6
17.6		 11.2
11.2		 16.2
16.2		 20.3
20.4
PEG - Diluted n/a
n/a		 n/a
n/a		 0.3
0.3		 5.4
5.4		 1.1
1.1
Tax Rate 22.90% 22.48% 14.42% 16.60% 17.44%
Dividend Cover 0.74
0.74		 0.79
0.79		 2.15
2.15		 1.62
1.62		 1.60
1.60
Interest Cover n/a
n/a		 57.38
57.38		 707.25
707.25		 n/a
n/a		 734.00
734.00
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 12.43p
12.43p		 13.42p
13.42p		 0.37p
0.37p		 27.35p
27.34p		 26.57p
26.56p
Earnings per Share - Diluted 12.15p
12.15p		 12.61p
12.61p		 0.35p
0.35p		 25.68p
25.68p		 25.04p
25.04p
Earnings per Share - Adjusted 12.43p 13.42p 0.37p 27.35p 26.57p
Earnings per Share Growth - Basic -7%
-7%		 3,552%
3,551%		 -99%
-99%		 3%
3%		 18%
18%
Earnings per Share Growth - Diluted -4%
-4%		 3,550%
3,547%		 -99%
-99%		 3%
3%		 18%
18%
Earnings per Share Growth - Adjusted -7% 3,552% -99% 3% 18%
PE Ratio - Diluted 17.1
17.1		 17.6
17.6		 1,114.3
1,114.0		 16.2
16.2		 20.3
20.4
PEG - Diluted n/a
n/a		 0.0
0.0		 n/a
n/a		 5.4
5.4		 1.1
1.1
Dividend Cover 0.74
0.74		 0.79
0.79		 0.02
0.02		 1.62
1.62		 1.60
1.60
Return on Equity (ROE) 9.17%
9.17%		 9.28%
9.28%		 0.26%
0.26%		 21.09%
21.09%		 20.97%
20.97%
Operating Cash Flow per Share 15.59p 23.87p 22.63p 30.45p 28.12p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (10.65p) 8.25p 0.007p 1.68p 4.79p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 16.90p 16.90p 16.90p 16.90p 16.65p
Dividend per Share Growth n/a n/a n/a 1.50% n/a
Dividend Yield 8.1% 7.6% 4.4% 4.1% 3.3%
Shareholders Funds 898.80 945.00 911.60 856.40 843.20
Net Borrowings £ (Millions) (472.80) (544.00) (446.30) (490.70) (477.20)
Net Asset Value per Share (inc. Intangibles) 121.14p 129.51p 126.05p 115.12p 112.42p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds inc Intangibles 898.80 945.00 911.60 856.40 843.20
Net Borrowings £ (Millions) (472.80) (544.00) (446.30) (490.70) (477.20)
Net Gearing (52.60%) (57.57%) (48.96%) (57.30%) n/a
Cash & Near Cash 478.60 552.00 456.10 500.90 477.20
Cash 53.25% 58.41% 50.03% 58.49% 56.59%
Gross Borrowings 5.80 8.00 9.80 10.20 n/a
Gross Gearing 0.65% 0.85% 1.08% 1.19% n/a
Borrowings Under 5 years 5.80 8.00 9.80 10.20 n/a
Under 5 years 0.65% 0.85% 1.08% 1.19% n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Shareholders' Funds exc Intangibles 811.90 854.10 831.10 766.70 755.90
Net Borrowings £ (Millions) (472.80) (544.00) (446.30) (490.70) (477.20)
Net Gearing (58.23%) (63.69%) (53.70%) (64.00%) n/a
Cash & Near Cash 478.60 552.00 456.10 500.90 477.20
Cash 58.95% 64.63% 54.88% 65.33% 63.13%
Gross Borrowings 5.80 8.00 9.80 10.20 n/a
Gross Gearing 0.71% 0.94% 1.18% 1.33% n/a
Borrowings Under 5 years 5.80 8.00 9.80 10.20 n/a
Under 5 years 0.71% 0.94% 1.18% 1.33% n/a
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 30-Jun-23 30-Jun-22 30-Jun-21 30-Jun-20 30-Jun-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 10.09 7.91 5.85 5.66 4.56

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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