Company Valuation: Ashmore Group Plc

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,542 1,464 1,372 1,129 1,026 1,406 - -
Change - -42.42% -6.25% -17.75% -9.08% 36.96% - -
Enterprise Value (EV) 1 2,086 911.9 893.8 623.4 682.2 1,079 1,116 1,144
Change - -56.29% -1.98% -30.26% 9.43% 58.16% 3.43% 2.56%
P/E ratio 11.2x 17.6x 17.1x 12.6x 13.3x 15x 22.3x 19.8x
PBR 2.79x 1.54x 1.53x 1.28x 1.3x 1.83x 2.05x 2.14x
PEG - -0.3x -4.69x 1.1x -1x 0.7x -0.7x 1.6x
Capitalization / Revenue 8.72x 5.58x 6.99x 5.96x 7.12x 10x 9.04x 8.14x
EV / Revenue 7.15x 3.47x 4.55x 3.29x 4.73x 7.69x 7.18x 6.62x
EV / EBITDA 10.7x 5.55x 8.42x 8x 13x 22.8x 18.7x 15.9x
EV / EBIT 10.8x 5.66x 8.68x 8.33x 13.8x 24.5x 20.3x 17.3x
EV / FCF 14x 5.81x 8.59x 7.06x 14.1x 10.2x 15.3x 13.8x
FCF Yield 7.12% 17.2% 11.6% 14.2% 7.09% 9.83% 6.56% 7.22%
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% 7.82% 7.82% 7.82%
EPS 2 0.3423 0.1261 0.1215 0.1355 0.1177 0.1438 0.0969 0.1089
Distribution rate 49.4% 134% 139% 125% 144% 118% 174% 155%
Net sales 1 291.7 262.5 196.4 189.3 144.1 140.3 155.4 172.8
EBITDA 1 195.7 164.3 106.2 77.9 52.5 47.41 59.54 71.82
EBIT 1 192.9 161.2 103 74.8 49.4 44.08 55.06 66.25
Net income 1 240.1 88.5 83.3 93.7 81.2 91.89 66.44 75.25
Net Debt 1 -456.1 -552 -478.6 -505.4 -344.1 -326.7 -289.7 -261.2
Reference price 2 3.850 2.218 2.080 1.701 1.565 2.162 2.162 2.162
Nbr of stocks (in thousands) 660,311 659,991 659,804 663,586 655,765 650,150 - -
Announcement Date 03/09/21 02/09/22 06/09/23 05/09/24 05/09/25 - - -
1GBP in Million2GBP
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.03x7.69x22.75x7.82% 1.9B
19.97x6.93x13.29x4.32% 93.96B
26.98x8.46x13.42x0.81% 87.48B
20.56x5.95x13.78x4.4% 27.78B
11.81x4.59x9.01x5.53% 20.22B
13.47x4.59x12.98x2.85% 17.7B
18.63x1.83x6.93x4.1% 16.65B
12.08x9.24x - 10.22% 13.48B
38.86x - - 1.98% 11.87B
Average 19.71x 6.16x 13.17x 4.67% 32.34B
Weighted average by Cap. 21.47x 6.81x 12.71x 3.45%

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

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  4. Valuation Ashmore Group Plc