Analysis Ashmore Group PLC (ASHM)
5/27/2024
Analysis of Ashmore Group PLC (ASHM)
Ashmore Group PLC (ASHM) has shown a consistent uptrend in the past few days, with the closing price increasing from 196.60 on May 13th to 205.40 on May 24th. The Relative Strength Index (RSI) has been indicating overbought conditions, with values consistently above 70, suggesting a potential reversal or correction in the near future.The Moving Average Convergence Divergence (MACD) indicator has been showing positive momentum, with the MACD line consistently above the signal line and the MACD histogram showing an increasing trend. This indicates a bullish momentum in the stock.
The Moving Average (MA) indicator, Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) have all been trending upwards, further supporting the bullish outlook for ASHM.
Overall, based on the technical indicators, ASHM appears to be in a strong bullish trend, but traders should be cautious of a potential correction due to the overbought RSI levels.
Revenue estimate
Based on the analysts' estimates for the future quarterly and annual sales of the company, we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average sales estimate is $83,776,900,000, with a sales growth of 2% compared to the same quarter last year. The number of analysts providing estimates is 24.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $92,375,300,000, with a sales growth of 3% compared to the same quarter last year. The number of analysts providing estimates is 24.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $386,681,000,000, with a sales growth of 1% compared to the previous fiscal year. The number of analysts providing estimates is 37.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $411,555,000,000, with a sales growth of 6% compared to the current fiscal year. The number of analysts providing estimates is 37.
These estimates suggest a moderate growth trend in both quarterly and annual sales for the company over the specified periods, with the highest growth expected in the next fiscal year.
Growth estimates
Based on the consensus estimates provided, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.6%.
2. Next Quarter: The estimated growth rate for the next quarter is 4.8%.
3. Current Year: The estimated growth rate for the current year is 7.5%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average growth rate for the past 5 years is 20.1% per annum.
6. Next 5 Years (per annum): The estimated growth rate for the next 5 years is 11% per annum.
These estimates suggest a positive growth trend for the company, with a slightly lower growth rate expected in the near term compared to the historical average. However, the company is still projected to experience solid growth over the next few years according to analyst consensus.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $250
- Median: $200
- Average: $202.26
- Current price: $191.57
- Currency: USD
Based on these forecasts, it appears that the analysts are generally optimistic about the future price of the security, with a median and average price above the current price. However, there is a wide range between the low and high forecasts, indicating some uncertainty in the predictions.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous quarter's results, ending on February 27, 2025, were handled by the Transfer Agent. The results for the quarter ending on January 31, 2025, were released after hours. The results for the quarter ending on October 31, 2024, were not provided at the time. However, for the quarter ending on August 1, 2024, the company reported an earnings per share (EPS) estimate of 1.33.Main Statystic ðŸ§
The company's financials show a strong cash flow, with operating cash flow at $110.56 billion and levered free cash flow at $84.73 billion. The balance sheet indicates a total cash of $67.15 billion, total debt of $104.59 billion, and a current ratio of 1.037. The book value per share is $4.837, total cash per share is $4.379, and the total debt to equity ratio is 140.968.In terms of profitability, the profit margin is 26.31%, operating margin is 30.74%, return on assets is 22.07%, and return on equity is 147.25%. The company's fiscal year ends on September 30, 2023, with the most recent quarter ending on March 31, 2024.
From the income statement, we see an EBITDA of $131.39 billion, revenue of $381.62 billion, diluted EPS of 6.44, gross profit of $169.14 billion, revenue per share of $24.54, and net income to common of $100.39 billion. The quarterly revenue growth is -4.3% and the quarterly earnings growth year-over-year is -2.2%.
In terms of stock statistics, the short ratio is 1.66, with 94.31 million shares shorted out of 1.53 billion float shares. The company has 15.33 billion shares outstanding, with 5.22% held by insiders and 57.56% held by institutions. The short percent of shares outstanding is 0.62%.
Valuation metrics show a PEG ratio of 26.21, forward PE of 26.21, trailing PE of 29.43, enterprise value of $2.95 trillion, price to book ratio of 39.18, price to sales ratio of 7.62, enterprise to EBITDA of 22.75, enterprise to revenue of 7.73, and a market capitalization of $2.91 trillion.
The stock price summary includes a beta of 1.264, 50-day moving average of $173.69, 200-day moving average of $180.79, 52-week low of $164.08, 52-week high of $199.62, and a 52-week change of 8.25%.
Lastly, in terms of dividends and splits, the company has a payout ratio of 14.93%, with a forward annual dividend rate of $1 and a trailing annual dividend rate of $0.97. The 5-year average dividend yield is 0.73%, with a forward annual dividend yield of 0.53% and a trailing annual dividend yield of 0.51%. The dividend date is May 16, 2024, and the ex-dividend date is May 10, 2024. The last split date was on August 31, 2020, with a 4-for-1 split.
Income statement 💸
These are the revenues. Here are the conclusions:1. The company's sales revenue has been increasing steadily over the years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. The gross profit margin has been fluctuating, with a peak in 2021 at $152.8 billion and a slight decrease in 2023 to $169.1 billion.
3. Operating income has shown an upward trend, reaching $114.3 billion in 2023 from $66.3 billion in 2020.
4. Net income has also been increasing consistently, with $57.4 billion in 2020 rising to $97 billion in 2023.
5. Earnings per share (EPS) have shown a slight variation but have generally been stable over the years.
6. The company has been able to maintain a healthy EBITDA margin, with a slight increase from $81 billion in 2020 to $129.2 billion in 2023.
7. Despite fluctuations in other income and expenses, the company has managed to generate significant income from its core operations.
8. The company has effectively managed its operating expenses, with a slight increase in research and development costs over the years.
9. Overall, the financial performance of the company in terms of revenue and profitability has been positive and shows a growth trajectory.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, reaching the highest value in 2023 at $352,583,000,000.
2. Current assets fluctuate from year to year, with the highest value in 2019 at $162,819,000,000.
3. Non-current assets have been increasing steadily, with the highest value in 2023 at $209,017,000,000.
4. Total liabilities have also been increasing, reaching the highest value in 2023 at $290,437,000,000.
5. Shareholders' equity has been fluctuating, with the highest value in 2018 at $107,147,000,000.
6. The company has been relying more on non-current assets to finance its operations, as seen in the increasing trend of non-current assets compared to current assets.
7. The company has been taking on more debt over the years, as indicated by the increasing total liabilities.
8. The fluctuations in shareholders' equity suggest changes in the company's profitability and retained earnings over the years.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value recorded in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. The company has been consistently paying interest and income taxes, with varying amounts each year.
4. The end cash position has also been fluctuating, reaching its highest value in 2020.
5. Financing activities show a pattern of common stock repurchase, issuance of long-term debt, and payment of dividends.
6. Investing activities include the sale and purchase of investments, as well as capital expenditures.
7. The company has been utilizing stock-based compensation as part of its operations.
8. Overall, the company's financial performance seems to be stable, with some fluctuations in key metrics over the years.
Earnings estimate
The analysts' estimates for future quarterly and annual earnings per share are as follows:1. Current Quarter (as of June 30, 2024):
- Average Estimate: $1.33
- Low Estimate: $1.27
- High Estimate: $1.36
- Year Ago EPS: $1.26
- Number of Analysts: 26
2. Next Quarter (as of September 30, 2024):
- Average Estimate: $1.53
- Low Estimate: $1.44
- High Estimate: $1.63
- Year Ago EPS: $1.46
- Number of Analysts: 25
3. Current Year (as of September 30, 2024):
- Average Estimate: $6.59
- Low Estimate: $6.43
- High Estimate: $6.92
- Year Ago EPS: $6.13
- Number of Analysts: 39
4. Next Year (as of September 30, 2025):
- Average Estimate: $7.23
- Low Estimate: $6.40
- High Estimate: $7.90
- Year Ago EPS: $6.59
- Number of Analysts: 39
Based on these estimates, we can see a generally positive trend in expected earnings per share growth over the coming quarters and years, with the highest growth expected in the next year compared to the current year. It's important to note that these are analyst estimates and actual results may vary.
MACD of ASHM
This is not investment advice. Remember to verify the information provided here.
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