Stocktoria

Ashmore Group Plc ASHM.L

GB · London Stock Exchange · XLON · stock · Financial Services · website

Ashmore Group Plc statistics & valuation

Market cap£1.5B
P / E18.1×
P / S10.2×
P / B1.9×
P / FCF30.4×
Dividend yield8.15%
Net margin56.2%
Return on equity10.4%
FCF margin33.5%
Net cash£344.1M
Enterprise value USD$1.5B
Earnings yield EBIT/EV3.9%
Return on capital5.4%
Graham number -99.2%£1.79

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (£1.79); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
34.80% 43.10% 49.60% 56.20% 2022202320242025
Gross margin (%)
91.30% 87.60% 86.80% 83.50% 2022202320242025
Operating margin (%)
66.40% 50.20% 38.00% 30.30% 2022202320242025
Return on equity (%)
9.40% 9.30% 10.60% 10.40% 2022202320242025
Shares outstanding
650.1M 650.1M 650.1M 650.1M 2022202320242025
Net debt (£)
-£544.0M -£472.8M -£505.4M -£344.1M 2022202320242025
Share buybacks (£)
£34.5M £15.6M £13.8M £35.4M 2022202320242025
Return on assets (%)
8.10% 8.30% 9.60% 8.90% 2022202320242025
Free cash flow margin (%)
61.70% 53.90% 46.70% 33.50% 2022202320242025
Debt / equity (×)
0.01× 0.01× 0.01× 0.01× 2022202320242025
EPS (£)
£0.13 £0.12 £0.14 £0.12 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Ashmore Group Plc trades at about 1925.2× earnings — above its 10-year norm (10-year range 1270.8×–1711.3×, median 1698.8×).

1270.8× 1925.2×

Shaded band = 10-year range (1270.8×–1711.3×); dot = today's 1925.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin83.5%86.8%87.6%91.3%
Operating margin30.3%38.0%50.2%66.4%
Net margin56.2%49.6%43.1%34.8%
FCF margin33.5%46.7%53.9%61.7%
Return on assets8.9%9.6%8.3%8.1%
Return on equity10.4%10.6%9.3%9.4%
Current ratio7.0110.6810.097.91

Computed from company filings · GB · as of 2025-06-30. Figures in GBP. Facts plus Stocktoria's own computed scores — not investment advice.