PT Ashmore Asset Management Indonesia Tbk.

amor

Overview

AMOR Overview

PT Ashmore Asset Management Indonesia Tbk is an Indonesia-based investment management company. The Company is engaged in the field of securities business, namely investment management services and investment consulting services. The main activity of the Company is to manage investment funds and to manage portfolios for various types of institutional and retail customers, both domestic and international. It offers three main categories of investment products, namely equity, bonds, and money market instruments, through approximately 20 mutual funds, eight discretionary funds and one exchange traded fund. The Company's mutual funds have been distributed across Indonesia through distributor banks and other financial institutions.

51015ValueCompetitiveFutureFinancialsDividend
Exchange
Indonesia Stock Exchange

Symbol: AMOR

Development
Market Cap.
IDR 2.15Trillion

~$136.64M USD

Industry
Investment Services
Sub-Industry
Investment Management
Sector
Financials

Valuation

AMOR Valuation Metrics

970

IDR
0.0%

Closing Price on 2024-04-03

Price to Equity

21.61

P/E

At 21.61x P/E TTM, AMOR.JK is trading in line with its peers in the Investment Service sector.

Price to Book

6.70

P/B

At 6.70x P/B TTM, AMOR.JK is trading at a premium to its peers in the Investment Service sector (avg 1.5x).

Price to Sales

6.62

P/S

At 6.62x P/S TTM, AMOR.JK is trading at a discount to its peers in the Investment Service sector.

Valuing PT Ashmore Asset Management Indonesia Tbk. based on its trailing twelve months (TTM) valuation metrics against its peers in the Investment Service sector

Historical Price to Earnings

Other Valuation Metrics

Valuing PT Ashmore Asset Management Indonesia Tbk. relative to other stocks in the Investment Service sector

Price/Cash Flow
24.20x
Price/Forward Earnings
18.95x
Enterprise Value/Revenue
5.70x
Enterprise Value/EBITDA
14.23x
PEG Ratio
0.74x

Analyst Ratings

40
60
80
0
100

100.0

Undervalued

Fairly Valued

Overvalued

Last closing: IDR9702024-04-03
IDR 598.61

Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AMOR is IDR599, which is 37% lower than AMOR's last closing price of IDR970 (as of 2024-04-03).

Valuation Recap of AMOR stock
WeightNotesScore
High
The P/E ratio is calculated by dividing the market price of a company's stock by its earnings per share (EPS). It is a key tool for investors and analysts to assess whether a stock is overvalued, undervalued, or fairly valued. A P/E ratio of 26.77x is above the ID market average of 8.26x and is trading at a premium to peers in the Investment Service sector (18.94x). In fact, less than 25% of its peers trade at a higher P/E ratio than AMOR.
Max 3
High
The P/B ratio is calculated by dividing the market price of a company's stock by its book value per share (BVPS). It measures the company's stock value relative to its assets minus liabilities. A P/B ratio of 8.53x is above the peers average of 1.53x in the Investment Service sector. AMOR trades at a higher P/B ratio than >75% of its peers in the Investment Service sector.
Max 3
Medium
The P/S ratio is calculated by dividing the market price of a company's stock by its sales per share. It measures the company's stock value relative to its sales. A P/S ratio of 7.63x is below the peers average of 9.21x in the Investment Service sector. When considered alongside the Forward Price/Earnings ratio, they serve to illustrate investors' expectations of AMOR's valuation relative to its current sales and future earnings growth. AMOR trades at a Forward P/E ratio of 18.95x, which is considered richly valued by analysts.
Max 2
Low
The Price/Cash Flow ratio (P/CF) is calculated by dividing the market price of a company's stock by its cash flow per share. It measures the company's stock value relative to its cash flow, and is sometimes said to be a more objective measure of a company's value because cash flows cannot be manipulated as easily as earnings, which considers non-cash items such as depreciation and amortization. AMOR's P/CF ratio of 24.20x is considered a relatively high ratio by analysts.
Max 2
Low
The Enterprise Value/Revenue ratio (EV/R) is calculated by dividing the enterprise value of a company by its revenue. It measures the company's enterprise value relative to its revenue. It is an indicator of how much it costs to buy the company's revenue; the lower the ratio, the cheaper the company's revenue. AMOR's EV/R ratio of 5.70x is considered a relatively high ratio The average EV/R ratio for the Investment Service sector is 4.69x.
Max 3
Medium
Considerably Lower Intrinsic Value: Analyst's intrinsic value is of AMOR is IDR 598.61, which is 37% lower than AMOR's last closing price of IDR 970.00.
Max 3

Peers

AMOR Peers and Comparison

Peer Companies

Supertype Fuzzy Search
SymbolCompany Name
Market Cap
(in Trillion IDR)
Total Assets
(in Trillion IDR)
Total Revenue
(in Trillion IDR)
Profit and Loss
(in Trillion IDR)
P/E
P/B
BBCAPT Bank Central Asia Tbk.1,174.19T1,381.45T 98.47T 48.20T 24.364.98
BBRIPT Bank Rakyat Indonesia (Persero) Tbk848.20T1,851.96T 175.51T 56.01T 15.142.77
BMRIPT Bank Mandiri (Persero) Tbk632.33T2,007.16T 135.73T 49.58T 12.752.60
BBNIPT Bank Negara Indonesia (Persero) Tbk198.18T1,086.66T 61.51T 20.91T 9.481.32
BRISPT Bank Syariah Indonesia Tbk121.78T319.85T 19.34T 5.26T 23.173.28
SMMAPT Sinar Mas Multiartha Tbk92.97T106.59T 28.35T 1.10T 84.384.30
DNETPT Indoritel Makmur Internasional Tbk.65.81T20.17T 1.41T 0.95T 69.445.17
MEGABank Mega Tbk59.29T132.12T 7.81T 3.51T 16.892.73
BNGAPT Bank CIMB Niaga Tbk51.87T329.13T 18.53T 6.10T 8.501.10
YULEYulie Sekuritas Indonesia Tbk3.64T0.51T 0.03T 0.01T 534.907.75
Competitiveness Recap of AMOR stock
WeightNotesScore
High
At a market cap of IDR 2,147.04 billion, AMOR.JK ranks 10 in Market Cap out of 10 companies in the Financials sector.
Max 2
High
At a PE of 21.61, AMOR.JK ranks 5 out of 10 companies in the Financials sector for P/E value. The average PE is 28.57 (unadjusted). A high P/E ratio often indicates higher growth expectation, or other qualitative factors that led investors to believe that the company has a defensible competitive advantage compared to its peers in Financials. In this regard, it trails behind sector leaders such as PT Sinar Mas Multiartha Tbk (84.38) in the Financials sector.
Max 2
Medium
At a PE of 21.61, AMOR.JK is trading at a higher PE than that of its subsector peers in Investment Service (median of 18.94). false
Max 2
Medium
At a revenue of IDR 0.32 trillion, AMOR.JK ranks 10 in Revenue out of 10 companies in the Financials sector.
Max 2
Medium
At a profit of IDR 0.10 trillion, AMOR.JK ranks 10 in Profit out of 10 companies in the Financials sector.
Max 2

Future

Future Growth of AMOR

Growth Forecasts

No data available

Sector Benchmark

Investment Service companies in Indonesia are shrinking at a projected rate of 0.00% against the IDX average of +12.0%.

Investment Service sector overview
No data is available for AMOR at the moment.
Future growth prospect of AMOR
WeightNotesScore
Medium
AMOR and its peers in the Investment Service sub-sector belongs to the Financials sector. Companies in the Financials sector are projected to have a fruitful year heading into 2024. Specifically, earnings are projected to increase by 77.75% in 2024 while revenue growth is projected to increase by 32.46%. These macroeconomic trends will likely be a tailwind for AMOR's earnings growth prospects in the next 2 years. ●●●
Max 3
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Management

Executive Management

President Director

Ir. Ronaldus Gandahusada15.2 years
Fx Eddy Hartanto
Director
Arief Cahyadi Wana
Director
Steven Satya Yudha
Director
NamePositionShares%
Arief Cahyadi WanaDirector120,000,0005.4
Fx Eddy HartantoDirector125,200,0005.63
Ir. Ronaldus GandahusadaPresident Director140,000,0006.3
Steven Satya YudhaDirector221,000< 0.01
Expressed in millions IDR, unless otherwise stated

Ownership

AMOR Ownership

Others
7.09%
Insiders
30.39%
Institutions
62.52%
NameNumber of SharesOwnership (%)Value
Ashmore Investment Management Limited1,334,120,00060.041,294.10B
Pt Adikarsa Sarana289,921,60013.05281.22B
Public (Scripless)204,084,1009.18197.96B
Ir. Ronaldus Gandahusada140,000,0006.3135.80B
Fx Eddy Hartanto125,200,0005.63121.44B
Arief Cahyadi Wana120,000,0005.4116.40B
Treasury Stock8,675,7000.398.42B
Steven Satya Yudha221,0000.010.21B

Largest Institutional Buy

NN Investment Partners (Japan) Co Ltd
Bought 31-01-2024
+1,906,800 shares

Largest Institutional Sell

Dimensional Fund Advisors LP
Sold 31-01-2024
-97,099 shares

Institutional Transactions

Tracking institutional transactions buying / selling of AMOR stock