PT Ashmore Asset Management Indonesia Tbk

PT Ashmore Asset Management Indonesia Tbk

IIDX:AMOR
350.00
IDR
+2.00
(+0.57%)
38.42EPS
8.28P/E
696.83BMarket Cap
Oct 30Next Earn
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
182.89
150.92
177.35
146.51
145.67
119.89
166.91
167.42
Basic EPS, GAAP
52.04
44.83
53.38
41.78
47.55
32.68
38.3
38.42
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
24.2
36
50.53
48.53
43.47
41.43
31.48
13
Book Value per Share
128.5
140.48
139.54
131.26
135.34
127.41
134.03
134.03
Tangible Book Value per Share
128.5
140.48
139.47
128.67
131.97
124.75
131.88
131.88
Basic Weighted Avg Shares
1,529
2,222
2,220
2,216
2,215
2,215
2,207
2,200
Sales/Revenue/Turnover
279,623
335,382
393,645
324,643
322,682
265,553
368,351
368,351
Operating Margin (%)
34.62
34.7
36.87
33.6
32.59
28.3
24.45
24.45
Depreciation Expense
1,643
4,552
4,556
3,999
3,311
5,210
5,431
5,431
Net Income, GAAP
79,567
99,619
118,472
92,576
105,323
72,393
84,533
84,533
Effective Tax Rate (%)
23.64
20.79
21.58
20.64
19.74
18.82
19.92
19.92
Profit Margin (%)
28.46
29.7
30.1
28.52
32.64
27.26
22.95
22.95
Working Capital
283,692
260,246
305,607
287,193
279,029
137,244
131,886
131,886
LT Debt
94
20,798
19,328
16,836
10,937
7,698
4,265
4,265
Total Equity
285,553
312,179
309,500
290,561
299,281
281,467
293,694
293,694
Return on Invested Capital (%)
- -
28.07
32.31
26.31
26.25
19.6
22.72
22.72
Return on Capital (%)
- -
32.54
36.08
29.36
34.33
24.21
28.61
28.61
Return on Common Equity (%)
- -
33.33
38.11
30.86
35.71
24.93
29.39
29.39

Capital Structure

IDR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
1,643
828
3,433
LT Borrowings
- -
- -
- -
LT Finance Leases
7,698
7,698
4,265
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,206
2,195
2,191
Market Capitalization
851,490
724,266
696,829

Working Capital

IDR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
196,295
197,739
248,304
Cash, Cash Equivalents & STI
131,357
86,262
130,176
Accounts Receivable, Net
44,386
49,333
49,952
Inventories
- -
- -
- -
Total Current Liabilities
73,203
83,939
116,418
Payables & Accruals
- -
- -
- -
ST Debt
1,643
828
3,433
Deferred Revenue
- -
- -
- -

Growth Rates

IDR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-1.12%
4.34%
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
-0.73%
16.77%
Sales/Revenue/Turnover
- -
4.05%
38.71%
Total Cash Common Dividend
- -
-0.68%
-24.31%

Quarterly Revenue

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
82,460
81,301
81,079
77,842
322,682
2025
74,979
70,323
60,946
59,305
265,553
2026
58,901
81,116
112,537
115,797
368,351

Quarterly Earnings Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.44
9.91
11.41
12.82
47.55
2025
6.85
9.63
8.59
7.66
32.68
2026
7.27
7.85
10.69
12.64
38.3

Quarterly Dividends Per Share

IDR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
18.51
- -
43.47
2025
- -
- -
14
- -
41.43
2026
- -
- -
13.04
- -
31.48

Company Description

CEO
Ronaldus Gandahusada
Full Time Employees
27
Sector
Finance
Industry
Investment managers
Address
Pacific Century Place Jakarta JK Indonesia 12190
IPO Date
Jan 14, 2020
Business
PT Ashmore Asset Management Indonesia Tbk (AMOR.JK) operates as an investment management company focused on managing investment funds and portfolios for retail and institutional clients, both domestic and international, with a specialization in equity and fixed income asset classes; its core products and services include mutual funds such as Ashmore Dana Ekuitas Nusantara (ADEN), Ashmore Dana Progresif Nusantara (ADPN), Ashmore Dana USD Nusantara, Ashmore Dana Terproteksi Nusantara, Ashmore Dana Pasar Uang Syariah, Ashmore Dana Equity Sustainable Fund, and Ashmore Digital Equity Sustainable Fund, alongside discretionary funds (KPD) targeting insurance clients in government bonds and cash, protected mutual funds for institutional investors matching assets and liabilities, offshore Sharia KPD for high-net-worth retail clients in global emerging market equities, exchange-traded funds (ETFs), and index products; the company also provides investment advisory services and leverages proprietary research for active portfolio management. Founded in 2010 as PT Buana Megah Abadi and renamed in 2012 following majority acquisition by Ashmore Investment Management Limited (part of Ashmore Group Plc, listed on the London Stock Exchange), the company commenced operations in 2013, listed as the first investment manager on the Indonesia Stock Exchange in January 2020, and maintains headquarters at Pacific Century Place, 18th Floor, Jl. Jend. Sudirman Kav. 52-53, South Jakarta, Indonesia, with regulation by Otoritas Jasa Keuangan (OJK) under license KEP-04/BL/MI/2011 and an investment advisor license since 2018. The firm serves a diverse client base including insurance companies, commercial banks, high-net-worth individuals, and institutions through over 20 selling agents such as Bank Mandiri, BCA, BNI, HSBC, and digital platforms like Ajaib and Bareksa, while maintaining a strategic minority stake of 3% in PT Buka Investasi Digital (BID) following a partial sale of 17% equity to PT Bukalapak.com Tbk in September 2023; recent strategic developments encompass ongoing product diversification into ESG mandates (with 2.7% of AuM in client-driven ESG products), Sharia-compliant offerings launched in 2022, digital system enhancements for stakeholder alignment and public access, IT infrastructure investments for operational efficiency, and partnerships with sales agents to boost financial literacy and distribution amid Indonesia's GDP growth. As of fiscal year 2024/2025 ended June 30, 2025, assets under management total Rp23.9 trillion (down 21.7% year-over-year due to market volatility and reduced risk appetite), with 32.9% market share in money market portfolios (IDR 100-500 billion category), strong investment outperformance (e.g., 88% of equity AuM over 1-year benchmarks, 100% in local/external debt), revenue of Rp266.7 billion, net profit of Rp72.4 billion, and a proposed final dividend of Rp18.5 per share (total Rp32.5, representing 99% payout); the company holds a liquid balance sheet with Rp180 billion cash and Rp116 billion in seed capital investments supporting future AuM growth, positioning it resiliently through market cycles via active management and product innovation.