Cash flow Ashmore Group Plc

Equities

ASHM

GB00B132NW22

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 16:35:12 10/03/2026 GMT			5-day change	1st Jan Change
224.00 ^GBX	+4.67%		-4.27%	+26.91%

02-24	Convatec stars as FTSE 100 ends little changed	AN
02-24	Jefferies Upgrades Ashmore Group to Buy, Boosts PT	MT

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Published financial data: ASHMORE GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	283M	248M	188M	183M	140M
Other Revenues, Total	4.6M	2.9M	2.7M	3.7M	2.5M
Total Revenues	287M	251M	191M	187M	142M
Cost of Goods Sold, Total	80.3M	73.4M	66.2M	85.1M	71M
Gross Profit	207M	178M	125M	102M	71.4M
Selling General & Admin Expenses, Total	1.3M	1.7M	1.7M	2.1M	1.8M
Other Operating Expenses	22.7M	23.4M	26.1M	27.7M	25.9M
Other Operating Expenses, Total	24M	25.1M	27.8M	29.8M	27.7M
Operating Income	183M	152M	97M	71.9M	43.7M
Interest Expense, Total	-400K	-400K	-300K	-300K	-300K
Interest And Investment Income	4.3M	7.7M	27.2M	39.1M	40.9M
Net Interest Expenses	3.9M	7.3M	26.9M	38.8M	40.6M
Income (Loss) On Equity Invest.	300K	1.3M	500K	500K	300K
Currency Exchange Gains (Loss)	4.3M	11.6M	5.4M	2.5M	1.7M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	192M	173M	130M	114M	86.3M
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	90.9M	-54.2M	-18M	14.4M	22.3M
EBT, Incl. Unusual Items	282M	118M	112M	128M	109M
Income Tax Expense	40.7M	26.5M	25.3M	29.9M	23.5M
Earnings From Continuing Operations	242M	91.9M	86.5M	98.2M	85.1M
Net Income to Company	242M	91.9M	86.5M	98.2M	85.1M
Minority Interest	-1.7M	-3.4M	-3.2M	-4.5M	-3.9M
Net Income - (IS)	240M	88.5M	83.3M	93.7M	81.2M
Net Income to Common Incl Extra Items	240M	88.5M	83.3M	93.7M	81.2M
Net Income to Common Excl. Extra Items	240M	88.5M	83.3M	93.7M	81.2M
Per Share Items
Net EPS - Basic	0.36	0.13	0.12	0.14	0.12
Basic EPS - Continuing Operations	0.36	0.13	0.12	0.14	0.12
Basic Weighted Average Shares Outstanding	659M	659M	670M	672M	667M
Net EPS - Diluted	0.34	0.13	0.12	0.14	0.12
Diluted EPS - Continuing Operations	0.34	0.13	0.12	0.14	0.12
Diluted Weighted Average Shares Outstanding	701M	702M	686M	692M	689M
Normalized Basic EPS	0.18	0.16	0.12	0.1	0.08
Normalized Diluted EPS	0.17	0.15	0.11	0.1	0.07
Dividend Per Share	0.17	0.17	0.17	0.17	0.17
Payout Ratio	49.27	133.9	142.14	127.96	147.91
Supplemental Items
EBITDA	184M	153M	97.8M	72.9M	44.4M
EBITA	183M	153M	97.2M	72M	43.8M
EBIT	183M	152M	97M	71.9M	43.7M
EBITDAR	185M	155M	99.5M	75M	46.2M
Total Revenues (As Reported)	292M	262M	196M	189M	144M
Effective Tax Rate - (Ratio)	14.41	22.38	22.63	23.34	21.64
Total Current Taxes	41.3M	25.5M	16.2M	25.3M	20.2M
Total Deferred Taxes	-600K	1M	9.1M	4.6M	3.3M
Normalized Net Income	118M	104M	77.92M	66.56M	50.04M
Interest on Long-Term Debt	400K	400K	300K	300K	300K
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	500K	400K	400K	300K	300K
Net Rental Expense, Total	1.3M	1.7M	1.7M	2.1M	1.8M
Imputed Operating Lease Interest Expense	416K	611K	591K	826K	785K
Imputed Operating Lease Depreciation	884K	1.09M	1.11M	1.27M	1.01M
Stock-Based Comp., COGS (Total)	33.4M	24.9M	17.5M	29.5M	22M
Stock-Based Comp., Other (Total)	-	-	1.4M	-	-
Total Stock-Based Compensation	33.4M	24.9M	18.9M	29.5M	22M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	456M	552M	479M	512M	349M
Short Term Investments	41M	32.3M	55.8M	32.8M	-
Trading Asset Securities, Total	318M	265M	230M	201M	338M
Total Cash And Short Term Investments	815M	849M	764M	746M	687M
Accounts Receivable, Total	77.9M	66.1M	60.7M	48.7M	40.8M
Other Receivables	2.3M	4.7M	5.3M	8.3M	5.1M
Total Receivables	80.2M	70.8M	66M	57M	45.9M
Prepaid Expenses	3.2M	3.5M	4.4M	3.3M	3.1M
Other Current Assets, Total	47.5M	-	-	200K	900K
Total Current Assets	946M	924M	835M	806M	737M
Gross Property Plant And Equipment	21.9M	23M	23M	23.6M	23.9M
Accumulated Depreciation	-10.7M	-13.9M	-16.5M	-16.3M	-18.8M
Net Property Plant And Equipment	11.2M	9.1M	6.5M	7.3M	5.1M
Long-term Investments	34.9M	41.4M	56.4M	60.3M	69.1M
Goodwill	80.1M	90.5M	86.7M	87M	80.5M
Other Intangibles, Total	400K	400K	200K	-	-
Deferred Tax Assets Long-Term	34.8M	32.7M	23.9M	18.9M	16.2M
Deferred Charges Long-Term	500K	400K	300K	200K	100K
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	1.11B	1.1B	1.01B	980M	908M
Liabilities
Accounts Payable, Total	19.3M	15.8M	13.3M	15.5M	17M
Accrued Expenses, Total	26.2M	20.6M	10.9M	18.7M	12.9M
Current Portion of Leases	2.5M	2.2M	2.1M	1.9M	2M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities	110M	78.2M	56.4M	39.4M	73.3M
Total Current Liabilities	158M	117M	82.7M	75.5M	105M
Long-Term Leases	7.3M	5.8M	3.7M	4.5M	2.6M
Deferred Tax Liability Non Current	10.5M	8.8M	9.3M	8.9M	9.5M
Total Liabilities	175M	131M	95.7M	88.9M	117M
Common Stock, Total	100K	100K	100K	100K	100K
Additional Paid In Capital	15.6M	15.6M	15.6M	15.6M	15.6M
Retained Earnings	941M	901M	875M	863M	810M
Comprehensive Income and Other	-45.1M	28.3M	7.7M	3.6M	-42.6M
Total Common Equity	912M	945M	899M	883M	783M
Minority Interest	21.1M	21.8M	14.2M	8.2M	8.2M
Total Equity	933M	967M	913M	891M	791M
Total Liabilities And Equity	1.11B	1.1B	1.01B	980M	908M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	660M	657M	662M	663M	652M
ECS Total Common Shares Outstanding	660M	657M	662M	663M	652M
Book Value / Share	1.38	1.44	1.36	1.33	1.2
Tangible Book Value	831M	854M	812M	796M	702M
Tangible Book Value Per Share	1.26	1.3	1.23	1.2	1.08
Total Debt	9.8M	8M	5.8M	6.4M	4.6M
Net Debt	-805M	-841M	-758M	-739M	-683M
Debt Equivalent Oper. Leases	10.4M	13.6M	13.6M	16.8M	14.4M
Minority Interest, Total (Incl. Fin. Div)	21.1M	21.8M	14.2M	8.2M	8.2M
Equity Method Investments, Total	900K	2.1M	2.3M	2.7M	2.8M
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	21.9M	23M	-	-	-
Full Time Employees	310	315	316	283	272

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	240M	88.5M	83.3M	93.7M	81.2M
Depreciation & Amortization - CF	2.6M	2.9M	3M	3M	3M
Amortization of Goodwill and Intangible Assets - (CF)	200K	200K	200K	100K	100K
Depreciation & Amortization, Total	2.8M	3.1M	3.2M	3.1M	3.1M
(Gain) Loss on Sale of Investments - (CF)	-70.9M	44.8M	25M	17.2M	-11.8M
(Income) Loss On Equity Investments - (CF)	-	-1.3M	-500K	-500K	-300K
Stock-Based Compensation (CF)	-	-	18.9M	28M	20.5M
Other Operating Activities, Total	-17M	20M	-17.9M	-61.9M	-42.8M
Change In Accounts Receivable	2.4M	4.9M	9.7M	-100K	6.4M
Change In Accounts Payable	-5.2M	-9.1M	-12.2M	10M	-7M
Change in Other Net Operating Assets	-3M	6.5M	-5M	-400K	-700K
Cash from Operations	149M	157M	104M	89.1M	48.6M
Capital Expenditure	-700K	-500K	-400K	-800K	-200K
Cash Acquisitions	-5.2M	300K	-1.7M	-5.7M	3.8M
Investment in Marketable and Equity Securities, Total	-29.8M	62.4M	-34.3M	-143M	-22.8M
Other Investing Activities, Total	3.2M	8.1M	31.2M	41M	52.8M
Cash from Investing	-32.5M	70.3M	-5.2M	-108M	33.6M
Long-Term Debt Repaid, Total	-2.1M	-2M	-2.2M	-2.2M	-2.3M
Total Debt Repaid	-2.1M	-2M	-2.2M	-2.2M	-2.3M
Repurchase of Common Stock	-23.3M	-34.5M	-15.6M	-13.8M	-35.4M
Common Dividends Paid	-118M	-118M	-118M	-120M	-120M
Common & Preferred Stock Dividends Paid	-118M	-118M	-118M	-120M	-120M
Other Financing Activities, Total	22.7M	-18.3M	-34.5M	-15.3M	1.7M
Cash from Financing	-121M	-173M	-171M	-151M	-156M
Foreign Exchange Rate Adjustments	-40.5M	41.5M	-2M	-100K	-13M
Net Change in Cash	-44.8M	95.9M	-73.4M	-171M	-86.9M
Supplemental Items
Cash Interest Paid	400K	400K	300K	300K	300K
Cash Income Tax Paid (Refund)	64.3M	24.7M	7.1M	23.4M	17.4M
Levered Free Cash Flow	162M	139M	52.04M	79.45M	92.22M
Unlevered Free Cash Flow	162M	139M	52.22M	79.64M	92.41M
Change In Net Working Capital	-11.9M	-16.2M	30.1M	-2.9M	-40.2M
Net Debt Issued / Repaid	-2.1M	-2M	-2.2M	-2.2M	-2.3M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	10.62	8.63	5.75	4.52	2.89
Return on Total Capital	12.5	9.94	6.4	4.95	3.23
Return On Equity %	26.69	9.68	9.2	10.89	10.12
Return on Common Equity	27.16	9.53	9.04	10.52	9.75
Margin Analysis
Gross Profit Margin %	72.06	70.75	65.34	54.44	50.14
SG&A Margin	0.45	0.68	0.89	1.12	1.26
EBITDA Margin %	63.92	61.14	51.2	39.03	31.18
EBITA Margin %	63.78	60.82	50.89	38.54	30.76
EBIT Margin %	63.71	60.74	50.79	38.49	30.69
Income From Continuing Operations Margin %	84.13	36.63	45.29	52.57	59.76
Net Income Margin %	83.54	35.27	43.61	50.16	57.02
Net Avail. For Common Margin %	83.54	35.27	43.61	50.16	57.02
Normalized Net Income Margin	41.08	41.64	40.8	35.63	35.14
Levered Free Cash Flow Margin	56.22	55.28	27.24	42.53	64.76
Unlevered Free Cash Flow Margin	56.31	55.38	27.34	42.63	64.9
Asset Turnover
Asset Turnover	0.27	0.23	0.18	0.19	0.15
Fixed Assets Turnover	25.1	24.72	24.49	27.07	22.97
Receivables Turnover (Average Receivables)	3.36	3.44	2.97	3.35	3.13
Short Term Liquidity
Current Ratio	6.01	7.91	10.09	10.68	7.01
Quick Ratio	5.69	7.88	10.04	10.63	6.97
Operating Cash Flow to Current Liabilities	0.95	1.35	1.26	1.18	0.46
Days Sales Outstanding (Average Receivables)	108.67	105.97	122.89	109.34	116.75
Average Days Payable Outstanding	89.55	87.27	80.22	61.93	83.54
Long Term Solvency
Total Debt/Equity	1.05	0.83	0.64	0.72	0.58
Total Debt / Total Capital	1.04	0.82	0.63	0.71	0.58
LT Debt/Equity	0.78	0.6	0.41	0.51	0.33
Long-Term Debt / Total Capital	0.77	0.59	0.4	0.5	0.33
Total Liabilities / Total Assets	15.82	11.96	9.49	9.07	12.92
EBIT / Interest Expense	457.75	381	323.33	239.67	145.67
EBITDA / Interest Expense	464.75	388.75	334	250	156
(EBITDA - Capex) / Interest Expense	463	387.5	332.67	247.33	155.33
Total Debt / EBITDA	0.05	0.05	0.06	0.09	0.1
Net Debt / EBITDA	-4.33	-5.41	-7.57	-9.85	-14.59
Total Debt / (EBITDA - Capex)	0.05	0.05	0.06	0.09	0.1
Net Debt / (EBITDA - Capex)	-4.35	-5.43	-7.6	-9.96	-14.65
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-11.16	-12.7	-23.87	-2.2	-23.77
Gross Profit, 1 Yr. Growth %	-14.03	-14.29	-29.69	-18.51	-29.79
EBITDA, 1 Yr. Growth %	-14.64	-16.49	-36.25	-25.46	-39.09
EBITA, 1 Yr. Growth %	-14.55	-16.75	-36.3	-25.85	-39.25
EBIT, 1 Yr. Growth %	-14.56	-16.77	-36.35	-25.88	-39.22
Earnings From Cont. Operations, 1 Yr. Growth %	30.91	-61.99	-5.88	13.53	-13.34
Net Income, 1 Yr. Growth %	31.85	-63.14	-5.88	12.48	-13.34
Normalized Net Income, 1 Yr. Growth %	-16.99	-11.5	-25.41	-14.58	-24.83
Diluted EPS Before Extra, 1 Yr. Growth %	33.29	-63.16	-3.65	11.52	-13.14
Accounts Receivable, 1 Yr. Growth %	-13.92	-15.15	-8.17	-19.77	-16.22
Net Property, Plant and Equip., 1 Yr. Growth %	-4.27	-18.75	-28.57	12.31	-30.14
Total Assets, 1 Yr. Growth %	5.77	-0.88	-8.15	-2.88	-7.31
Tangible Book Value, 1 Yr. Growth %	8.4	2.77	-4.94	-2.01	-11.75
Common Equity, 1 Yr. Growth %	6.45	3.66	-4.89	-1.8	-11.33
Cash From Operations, 1 Yr. Growth %	-26.43	5.5	-33.61	-14.74	-45.45
Capital Expenditures, 1 Yr. Growth %	-30	-28.57	-20	100	-75
Levered Free Cash Flow, 1 Yr. Growth %	35.19	-14.16	-62.48	52.68	16.08
Unlevered Free Cash Flow, 1 Yr. Growth %	35.05	-14.14	-62.41	52.49	16.04
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.61	-11.93	-18.48	-13.71	-13.65
Gross Profit, 2 Yr. CAGR %	-2.71	-14.16	-22.37	-24.31	-24.36
EBITDA, 2 Yr. CAGR %	-2.19	-15.57	-27.04	-31.06	-32.62
EBITA, 2 Yr. CAGR %	-2.11	-15.65	-27.18	-31.31	-32.84
EBIT, 2 Yr. CAGR %	-1.1	-15.67	-27.22	-31.31	-32.88
Earnings From Cont. Operations, 2 Yr. CAGR %	15.42	-29.46	-40.19	3.37	-0.81
Net Income, 2 Yr. CAGR %	15.95	-30.29	-41.1	2.9	-1.27
Normalized Net Income, 2 Yr. CAGR %	-4.42	-14.29	-18.75	-20.18	-19.87
Diluted EPS Before Extra, 2 Yr. CAGR %	16.92	-29.93	-40.42	3.66	-1.58
Accounts Receivable, 2 Yr. CAGR %	2.67	-14.54	-11.73	-14.17	-18.01
Net Property, Plant and Equip., 2 Yr. CAGR %	173.25	-11.81	-23.82	-10.43	-11.42
Total Assets, 2 Yr. CAGR %	2.76	2.39	-4.59	-5.55	-5.12
Tangible Book Value, 2 Yr. CAGR %	4.86	5.55	-1.16	-3.49	-7.01
Common Equity, 2 Yr. CAGR %	3.98	5.05	-0.7	-3.36	-6.69
Cash From Operations, 2 Yr. CAGR %	-11.17	-11.9	-16.31	-24.76	-31.8
Capital Expenditures, 2 Yr. CAGR %	-6.46	-29.29	-24.41	26.49	-29.29
Levered Free Cash Flow, 2 Yr. CAGR %	2.47	7.72	-43.25	-24.32	33.13
Unlevered Free Cash Flow, 2 Yr. CAGR %	2.55	7.68	-43.19	-24.29	33.02
Dividend Per Share, 2 Yr. CAGR %	0.75	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.3	-6.1	-16.11	-13.38	-17.21
Gross Profit, 3 Yr. CAGR %	0.55	-6.74	-19.69	-21.11	-26.18
EBITDA, 3 Yr. CAGR %	0.48	-7.21	-23.12	-26.51	-33.85
EBITA, 3 Yr. CAGR %	0.53	-7.26	-23.19	-26.76	-34.04
EBIT, 3 Yr. CAGR %	1.31	-6.63	-23.22	-26.77	-34.06
Earnings From Cont. Operations, 3 Yr. CAGR %	16.35	-20.3	-22.34	-25.95	-2.53
Net Income, 3 Yr. CAGR %	16.62	-20.87	-22.95	-26.92	-2.83
Normalized Net Income, 3 Yr. CAGR %	1.27	-6.84	-18.17	-17.39	-21.76
Diluted EPS Before Extra, 3 Yr. CAGR %	17.13	-20.44	-22.08	-26.57	-2.27
Accounts Receivable, 3 Yr. CAGR %	4.89	-3.65	-12.47	-14.49	-14.86
Net Property, Plant and Equip., 3 Yr. CAGR %	116.74	82.38	-17.79	-13.3	-17.55
Total Assets, 3 Yr. CAGR %	6.86	1.53	-1.25	-4.02	-6.14
Tangible Book Value, 3 Yr. CAGR %	6.66	4.16	1.93	-1.44	-6.32
Common Equity, 3 Yr. CAGR %	6.29	3.87	1.62	-1.07	-6.09
Cash From Operations, 3 Yr. CAGR %	-2.16	-5.93	-19.83	-15.79	-32.41
Capital Expenditures, 3 Yr. CAGR %	51.83	-14.5	-26.32	4.55	-26.32
Levered Free Cash Flow, 3 Yr. CAGR %	19.64	-3.41	-24.21	-21.07	-12.72
Unlevered Free Cash Flow, 3 Yr. CAGR %	19.7	-3.35	-24.18	-21.05	-12.71
Dividend Per Share, 3 Yr. CAGR %	0.5	0.5	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.44	-0.14	-7.13	-9.22	-15.14
Gross Profit, 5 Yr. CAGR %	8.89	-0.8	-9.33	-14.21	-21.59
EBITDA, 5 Yr. CAGR %	11.25	-0.51	-11.59	-17.61	-27.07
EBITA, 5 Yr. CAGR %	11.45	-0.49	-11.63	-17.75	-27.22
EBIT, 5 Yr. CAGR %	12.26	0.07	-11.24	-17.42	-27.24
Earnings From Cont. Operations, 5 Yr. CAGR %	13.44	-11.52	-10.84	-11.56	-14.36
Net Income, 5 Yr. CAGR %	13.44	-11.99	-11.26	-12.1	-14.92
Normalized Net Income, 5 Yr. CAGR %	8.03	0.45	-7.27	-12.43	-18.85
Diluted EPS Before Extra, 5 Yr. CAGR %	13.62	-11.86	-10.62	-11.56	-14.45
Accounts Receivable, 5 Yr. CAGR %	6.52	-0.33	-2.1	-8	-14.73
Net Property, Plant and Equip., 5 Yr. CAGR %	38.47	41.57	42.66	37.23	-15.3
Total Assets, 5 Yr. CAGR %	4.83	3.52	2.13	-1.36	-2.82
Tangible Book Value, 5 Yr. CAGR %	6.94	5.79	3.46	1.03	-1.74
Common Equity, 5 Yr. CAGR %	6.14	5.46	3.43	0.92	-1.79
Cash From Operations, 5 Yr. CAGR %	8.66	5	-8.09	-13.97	-24.85
Capital Expenditures, 5 Yr. CAGR %	3.13	4.56	14.87	0	-27.52
Levered Free Cash Flow, 5 Yr. CAGR %	15.77	-8.11	-11.22	-12.39	-5.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	15.81	-8.08	-11.16	-12.35	-5.06
Dividend Per Share, 5 Yr. CAGR %	0.3	0.3	0.3	0.3	0