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FTSE Factsheet FTSE COMPANY REPORT Share price analysis relative to sector and index performance Ashmore Group ASHM Investment Banking and Brokerage Services — GBP 3.476 at close 23 September 2021 Absolute Relative to FTSE UK All-Share Sector Relative to FTSE UK All-Share Index PERFORMANCE 23-Sep-2021 23-Sep-2021 23-Sep-2021 4.8 120 120 1D WTD MTD YTD 115 Absolute -1.8 -4.8 -12.9 -19.4 4.6 115 Rel.Sector -1.8 -4.8 -10.1 -22.2 110 Rel.Market -1.7 -6.1 -12.3 -27.4 110 4.4 105 105 VALUATION 4.2 100 100 Trailing 4 95 Relative Price Relative Price Relative 95 90 PE 15.6 Absolute Price (local currency) (local Price Absolute 3.8 90 EV/EBITDA 10.2 85 3.6 PB 3.3 85 80 PCF 13.1 3.4 80 75 Div Yield 3.9 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Price/Sales 8.6 Absolute Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Relative Price 4-wk mov.avg. 13-wk mov.avg. Net Debt/Equity 0.0 90 90 90 Div Payout 65.6 80 80 80 ROE 21.4 70 70 70 Share Index) Share Share Sector) Share - - 60 60 60 DESCRIPTION 50 50 50 40 The principal activity of the Company is the provision 40 40 RSI RSI (Absolute) of investment management services. 30 30 20 30 20 10 20 RSI (Relative to FTSE UKFTSE All to RSI (Relative RSI (Relative to FTSE UKFTSE All to RSI (Relative 10 0 10 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Past performance is no guarantee of future results. Please see the final page for important legal disclosures. 1 of 4 FTSE COMPANY REPORT: Ashmore Group 23 September 2021 Valuation Metrics Price to Earnings (PE) EV to EBITDA Price to Book (PB) 31-Aug-2021 31-Aug-2021 31-Aug-2021 26 17 5.5 16 24 5 15 22 +1SD 14 4.5 20 +1SD 13 +1SD 4 18 12 Avg Avg Avg 11 3.5 16 -1SD 10 -1SD -1SD 3 14 9 12 8 2.5 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 JTC 96.5 Foresight Group Holdings 46.9 Foresight Group Holdings 21.8 Sanne Group 88.2 Sanne Group 32.9 AJ Bell 16.1 Foresight Group Holdings 70.1 AJ Bell 32.7 City Of London Investment Group 13.7 Liontrust Asset Management 51.9 JTC 29.5 Integrafin Holdings 13.6 AJ Bell 45.5 Record 24.5 Hargreaves Lansdown 12.1 Ashmore Group 15.6 Ashmore Group 10.2 Ashmore Group 3.3 Investment Banking and Brokerage Services 11.7 Investment Banking and Brokerage Services 9.9 Investment Banking and Brokerage Services 2.0 CMC Markets 6.9 Georgia Capital 3.6 IP Group 1.0 Draper Esprit 6.2 Plus500 2.8 M&G 1.0 M&G 4.7 TP ICAP Group 2.5 TP ICAP Group 1.0 Plus500 3.9 M&G 1.8 Abrdn 0.9 Georgia Capital 3.7 Quilter 1.6 Georgia Capital 0.6 0 20 40 60 80 100 120 0 5 10 15 20 25 30 35 40 45 50 0 5 10 15 20 25 Price to Cash Flow (PCF) Dividend Yield % Price to Sales (PS) 31-Aug-2021 31-Aug-2021 31-Aug-2021 26 6.5 14 24 6 13 22 5.5 +1SD 12 20 5 +1SD +1SD 11 18 Avg 4.5 Avg 10 Avg 16 4 9 -1SD -1SD 14 3.5 -1SD 12 3 8 10 2.5 7 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Abrdn 80.0 M&G 8.8 Draper Esprit 15.0 Investment Banking and Brokerage Services 60.0 Plus500 7.6 3i Group 15.0 Intermediate Capital Group 57.5 Real Estate Credit Investments 7.6 Integrafin Holdings 15.0 AJ Bell 45.3 CMC Markets 7.3 AJ Bell 13.9 JTC 42.0 Jupiter Fund Management 6.4 Real Estate Credit Investments 13.4 Sanne Group 40.9 Ashmore Group 3.9 Ashmore Group 8.6 Ashmore Group 13.1 Investment Banking and Brokerage Services 3.4 Investment Banking and Brokerage Services 3.4 Quilter 1.8 AJ Bell 1.4 Plus500 2.2 3i Group -21.5 JTC 0.8 St. James's Place 1.1 IP Group -49.6 IP Group 0.8 TP ICAP Group 0.9 St. James's Place -69.9 Georgia Capital 0.0 Quilter 0.6 Georgia Capital -100.0 Draper Esprit 0.0 M&G 0.3 -120 -100 -80 -60 -40 -20 0 20 40 60 80 100 0 1 2 3 4 5 6 7 8 9 10 0 2 4 6 8 10 12 14 16 Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 2 of 4 FTSE COMPANY REPORT: Ashmore Group 23 September 2021 Valuation Metrics Net Debt to Equity Dividend Payout (DP) Return on Equity (RoE) 31-Aug-2021 31-Aug-2021 31-Aug-2021 0.012 95 24 0.01 90 23 +1SD 0.008 85 +1SD 22 0.006 80 Avg 21 0.004 75 Avg 20 0.002 70 -1SD 0 65 19 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Sep-2016 Sep-2017 Sep-2018 Sep-2019 Sep-2020 Intermediate Capital Group 2.5 XPS Pensions Group 100.0 Plus500 50.0 M&G 1.5 River and Mercantile Group 100.0 Ninety One Plc 50.0 Sanne Group 1.0 Rathbone Brothers 100.0 CMC Markets 50.0 JTC 0.9 Sanne Group 100.0 Hargreaves Lansdown 50.0 Man Group City Of London Investment Group Foresight Group Holdings 0.7 100.0 40.0 Ashmore Group 65.6 Ashmore Group 21.4 Investment Banking and Brokerage Services 0.3 Investment Banking and Brokerage Services 35.7 Investment Banking and Brokerage Services 18.4 Record 0.0 IP Group 5.4 JTC 7.3 Plus500 0.0 JTC 0.0 XPS Pensions Group 5.9 Ashmore Group 0.0 Georgia Capital 0.0 TP ICAP Group 5.7 Draper Esprit 0.0 Foresight Group Holdings 0.0 Rathbone Brothers 5.3 Georgia Capital 0.0 Draper Esprit 0.0 Quilter 4.5 0 0.5 1 1.5 2 2.5 3 0 20 40 60 80 100 120 0 10 20 30 40 50 60 ROE vs. PB — sector Du Pont Analysis 25 1.4 30 1.2 25 20 FSG 1 20 AJB 15 0.8 IHP CLIG 15 PB HL. 0.6 10 10 N91 SNN LIO 0.4 STJ REC JTC 5 5 0.2 ICP PLUS RIV BRW ASHM EMG IGG CMCX RAT SDR 0 0 XPS JUP Investment Banki GROW QLT RECI III TCAP ABDNIPO CGEO MNG 2017 2018 2019 2020 2021 0 0 10 20 30 40 50 60 Net Margin Asset Turnover Gearing ROE (rhs) ‖ ROE Note: bar chart reflects the top and bottom five current values for the valuation ratio in question for FTSE All Shares stocks in the same sector as the stock concerned. All valuation metrics are trailing. 3 of 4 FTSE COMPANY REPORT: Ashmore Group 23 September 2021 Brief description Brief description Price to Earnings Price to Earnings (PE) is price over earnings per share. Earnings are based on the latest Gearing Gearing is Total Assets divided by Common Equity. Total Assets and Common Equity are (PE) available fiscal year earnings. each averaged over two years, that is, t and (t-1). Price to Sales (PS) Price to Sales (PS) is price divided by sales per share. It is based on sales from continuing Asset Turnover Asset turnover is Sales divided by Total Assets. Total Assets is averaged over two years, operations for the fiscal year. that is, t and (t-1). Price to Book (PB) Price to Book (PB) is price at the indicated date divided by common equity per share. Dupont Breakdown Return on Equity (RoE) = Net Margin * Gearing * Asset Turnover Common/ordinary equity is generally as reported at the most recent fiscal year-end but is Analysis adjusted to exclude minority interest, preferred stock and selected items as appropriate. RoE vs PB Plot of RoE versus PB at last month end for all FTSE UK All Share stocks in the sector Price to Cash Flow Price to Cash Flow (PCF) is price at the indicated date divided by cash flow per share. relative to the stock in question. Data may be limited to the stock in question if there are (PCF) currently no stocks in the corresponding FTSE UK All Share sector. Net Debt Equity Net Debt Equity is Net Debt as a percentage of common equity. Not calculated if Absolute Absolute graphs reflect performance for the stock in question for up to 366 days adjusted denominator (common equity) is negative for intervening corporate actions.
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