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Ashmore Group PlcLSE:ASHM Stock Report

Market Cap UK£1.4b
Share Price
UK£2.09
UK£1.96
6.4% overvalued intrinsic discount
1Y45.0%
7D-1.5%
Portfolio Value
View

Ashmore Group Plc

LSE:ASHM Stock Report

Market Cap: UK£1.4b

ASHM Community Fair Values

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See what 18 others think this stock is worth. Follow their fair value or set your own to get alerts.

Ashmore Group Plc Competitors

Price History & Performance

Summary of share price highs, lows and changes for Ashmore Group
Historical stock prices
Current Share PriceUK£2.09
52 Week HighUK£2.77
52 Week LowUK£1.43
Beta1
1 Month Change-3.15%
3 Month Change-13.50%
1 Year Change45.00%
3 Year Change-14.36%
5 Year Change-48.87%
Change since IPO8.75%

Recent News & Updates

ASHM: Emerging Market Turn Will Support Earnings While Recent Revisions Limit P E Upside

Narrative Update The updated analyst price target for Ashmore Group reflects a modest reduction in fair value to £1.96, with analysts pointing to slightly softer revenue growth and profit margin assumptions, a higher discount rate, and a higher future P/E multiple, alongside recent Street moves that include several £0.05 to £0.15 target cuts and a Jefferies upgrade with a £2.85 target. Analyst Commentary Recent research updates on Ashmore Group point to a mixed but constructive tone, with price targets moving in both directions and views splitting between valuation appeal and execution risk.

ASHM: Emerging Market Turn Will Support Earnings While Mixed Views Temper P E Upside

Analysts have trimmed the fair value estimate for Ashmore Group, with the updated analyst price target now at £1.998 from £2.067. This reflects slightly more conservative assumptions on revenue growth, profit margins and the future P/E multiple, despite mixed recent target moves from firms such as Morgan Stanley, Jefferies and Deutsche Bank.

ASHM: Emerging Market Turning Point And Higher Fair Value Will Support Upside

The updated analyst price targets for Ashmore Group point higher, with one key upgrade moving from £1.70 to £2.85 as analysts cite a perceived turning point in the emerging markets cycle alongside revised assumptions on growth, margins and future P/E. Analyst Commentary Recent research points to a more constructive stance on Ashmore Group, with bullish analysts highlighting higher price targets and upgrades that reflect greater confidence in the company’s positioning within emerging markets.

ASHM: Emerging Market Turn Will Support Earnings While Keeping P/E Constraints

The analyst price target for Ashmore Group has been revised higher to reflect a small uplift in fair value to £2.07, supported by recent upgrades and higher targets from several firms. These firms now see a turning point in emerging markets and have slightly adjusted their assumptions for revenue growth, profit margins and future P/E.

ASHM: Emerging Market Turning Point Will Sustain Pressure On Future P/E

The analyst fair value estimate for Ashmore Group has increased from £1.74 to £2.04 per share, reflecting higher revenue growth assumptions and recent price target increases from firms that see a potential turning point for emerging market assets. Analyst Commentary Recent research points to a more constructive tone around Ashmore Group, but views remain mixed, particularly on execution and the durability of any improvement in emerging market conditions.

Recent updates

ASHM: Emerging Market Turn Will Support Earnings While Recent Revisions Limit P E Upside

Narrative Update The updated analyst price target for Ashmore Group reflects a modest reduction in fair value to £1.96, with analysts pointing to slightly softer revenue growth and profit margin assumptions, a higher discount rate, and a higher future P/E multiple, alongside recent Street moves that include several £0.05 to £0.15 target cuts and a Jefferies upgrade with a £2.85 target. Analyst Commentary Recent research updates on Ashmore Group point to a mixed but constructive tone, with price targets moving in both directions and views splitting between valuation appeal and execution risk.

ASHM: Emerging Market Turn Will Support Earnings While Mixed Views Temper P E Upside

Analysts have trimmed the fair value estimate for Ashmore Group, with the updated analyst price target now at £1.998 from £2.067. This reflects slightly more conservative assumptions on revenue growth, profit margins and the future P/E multiple, despite mixed recent target moves from firms such as Morgan Stanley, Jefferies and Deutsche Bank.

ASHM: Emerging Market Turning Point And Higher Fair Value Will Support Upside

The updated analyst price targets for Ashmore Group point higher, with one key upgrade moving from £1.70 to £2.85 as analysts cite a perceived turning point in the emerging markets cycle alongside revised assumptions on growth, margins and future P/E. Analyst Commentary Recent research points to a more constructive stance on Ashmore Group, with bullish analysts highlighting higher price targets and upgrades that reflect greater confidence in the company’s positioning within emerging markets.

ASHM: Emerging Market Turn Will Support Earnings While Keeping P/E Constraints

The analyst price target for Ashmore Group has been revised higher to reflect a small uplift in fair value to £2.07, supported by recent upgrades and higher targets from several firms. These firms now see a turning point in emerging markets and have slightly adjusted their assumptions for revenue growth, profit margins and future P/E.

ASHM: Emerging Market Turning Point Will Sustain Pressure On Future P/E

The analyst fair value estimate for Ashmore Group has increased from £1.74 to £2.04 per share, reflecting higher revenue growth assumptions and recent price target increases from firms that see a potential turning point for emerging market assets. Analyst Commentary Recent research points to a more constructive tone around Ashmore Group, but views remain mixed, particularly on execution and the durability of any improvement in emerging market conditions.

ASHM: Modest Discount Rate Shift Will Sustain Pressure On Future P/E

Analysts have inched their blended price target for Ashmore Group higher, reflecting a recent £0.10 increase from one firm, partly offset by a £0.01 reduction from another. The updated view is supported by relatively stable fair value inputs and only small adjustments to the discount rate and future P/E assumptions.

ASHM: Higher Profit Assumptions Will Face Ongoing P/E Discount Risk

The analyst price target for Ashmore Group has moved higher to £1.74 from £1.56, as analysts point to updated assumptions around revenue growth, profit margins and a lower future P/E, alongside recent mixed Street research that includes a £0.10 price target increase at one firm and a £0.01 trim at another. Analyst Commentary Bullish Takeaways Bullish analysts see the higher £1.74 target as more in line with updated assumptions on revenue potential and profit margins, which they view as better reflected in the revised P/E framework.

Earnings Not Telling The Story For Ashmore Group Plc (LON:ASHM) After Shares Rise 35%

Jan 16
Earnings Not Telling The Story For Ashmore Group Plc (LON:ASHM) After Shares Rise 35%

ASHM: Fair Value Assumptions And Earnings Focus Will Support Future Upside

Analysts have trimmed their price target on Ashmore Group to £1.65 from £1.68, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent Street research has adjusted the price target on Ashmore Group to £1.65 from £1.68, with the rating on the shares maintained at Equal Weight.

ASHM: Strong Cash Generation And Dividends Will Support Future Upside

Analysts have slightly reduced their price target on Ashmore Group to 165 GBp from 168 GBp, citing a marginally lower discount rate and modest tweaks to long term growth and profitability assumptions. Analyst Commentary Bullish analysts note that the revised price target, while modestly lower, still implies upside from current trading levels.

ASHM: Improved Profitability And Cost Discipline Will Support Future Upside Potential

Ashmore Group's analyst price target has been trimmed slightly, with the modest reduction supported by analysts pointing to a higher required return, slower expected revenue growth, and lower valuation multiples, partly offset by improved profitability. Analyst Commentary Analyst reactions to Ashmore Group have been mixed, with modestly lower price targets reflecting lingering caution on flows and fee visibility, but also acknowledging improving fundamentals and resilient profitability.

Ashmore Group (LON:ASHM) Is Paying Out A Dividend Of £0.121

Oct 18
Ashmore Group (LON:ASHM) Is Paying Out A Dividend Of £0.121

Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Sep 20
Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Emerging Markets Expansion Will Increase Client Activity But Earnings May Face Pressure

Analysts have raised their price target for Ashmore Group to £1.56, reflecting optimism around improving emerging market sentiment, stabilizing outflows, and stronger recent earnings, though tempered by ongoing structural concerns. Analyst Commentary Anticipation of improving emerging market sentiment boosting Ashmore Group's assets under management growth prospects.
User avatar

Expansion Into Colombia And India Will Open New Opportunities In Emerging Markets

Positive trends in emerging markets and strategic diversification are poised to enhance Ashmore's revenue and margins.

Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Sep 26
Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Ashmore Group's (LON:ASHM) Dividend Will Be £0.121

Sep 12
Ashmore Group's (LON:ASHM) Dividend Will Be £0.121

Ashmore Group Plc's (LON:ASHM) Business And Shares Still Trailing The Market

Jun 08
Ashmore Group Plc's (LON:ASHM) Business And Shares Still Trailing The Market

Ashmore Group (LON:ASHM) Has Announced A Dividend Of £0.048

Feb 22
Ashmore Group (LON:ASHM) Has Announced A Dividend Of £0.048

What Ashmore Group Plc's (LON:ASHM) 26% Share Price Gain Is Not Telling You

Jan 03
What Ashmore Group Plc's (LON:ASHM) 26% Share Price Gain Is Not Telling You

Ashmore Group (LON:ASHM) Has Affirmed Its Dividend Of £0.121

Oct 31
Ashmore Group (LON:ASHM) Has Affirmed Its Dividend Of £0.121

Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Sep 09
Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Oct 16
Ashmore Group (LON:ASHM) Will Pay A Dividend Of £0.121

Ashmore Group (LON:ASHM) Has Affirmed Its Dividend Of £0.121

Sep 05
Ashmore Group (LON:ASHM) Has Affirmed Its Dividend Of £0.121

Ashmore Group (LON:ASHM) Has Affirmed Its Dividend Of UK£0.048

Feb 13
Ashmore Group (LON:ASHM) Has Affirmed Its Dividend Of UK£0.048

Shareholder Returns

ASHMGB Capital MarketsGB Market
7D-1.5%-1.4%-0.1%
1Y45.0%-6.8%19.6%

Return vs Industry: ASHM exceeded the UK Capital Markets industry which returned -6.8% over the past year.

Return vs Market: ASHM exceeded the UK Market which returned 19.6% over the past year.

Price Volatility

Is ASHM's price volatile compared to industry and market?
ASHM volatility
ASHM Average Weekly Movement5.7%
Capital Markets Industry Average Movement4.5%
Market Average Movement5.5%
10% most volatile stocks in GB Market11.4%
10% least volatile stocks in GB Market3.2%

Stable Share Price: ASHM has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: ASHM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a279Mark Coombswww.ashmoregroup.com

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.

Ashmore Group Plc Fundamentals Summary

How do Ashmore Group's earnings and revenue compare to its market cap?
ASHM fundamental statistics
Market capUK£1.36b
Earnings (TTM)UK£113.50m
Revenue (TTM)UK£132.40m
12.0x
P/E Ratio
10.3x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASHM income statement (TTM)
RevenueUK£132.40m
Cost of RevenueUK£71.50m
Gross ProfitUK£60.90m
Other Expenses-UK£52.60m
EarningsUK£113.50m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Sep 07, 2026

Earnings per share (EPS)0.17
Gross Margin46.00%
Net Profit Margin85.73%
Debt/Equity Ratio0%

How did ASHM perform over the long term?

See historical performance and comparison

Dividends

8.1%
Current Dividend Yield
98%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/03 15:25
End of Day Share Price 2026/05/01 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ashmore Group Plc is covered by 29 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel GarrodBarclays
Michael SandersonBarclays
Michael SandersonBarclays