Ashmore Asset Management Indonesia (AMOR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ashmore Asset Management Indonesia stock IDR 497, price IDR 350, upside +42.1%, quality 87 out of 100. Rating: undervalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 292.00 IDR – 1,641 IDR · fair‑value band 262.32 IDR – 626.87 IDR · the 350.00 IDR price screens below the 497.20 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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PT Ashmore Asset Management Indonesia Tbk s an investment management company. The firm was founded in 2010 and is headquartered in Jakarta Utara, Jakarta Raya, Indonesia.
Stock analysis
Ashmore Asset Management Indonesia (AMOR) currently trades at 350.00 IDR, while our model-based Fair Value estimate is 497.20 IDR, implying the stock looks roughly 30% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 684.99 IDR per share, and 8 of the 12 models we run sit above the 350.00 IDR price.
Bear case: the Economic Profit group reads lowest at 243.63 IDR, and 4 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 262.32 IDR (bear) to 626.87 IDR (bull), the price of 350.00 IDR sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 87/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ashmore Asset Management Indonesia reported revenue of 380B IDR in FY2025 versus 394B IDR in FY2021, a compound −0.9%/yr. Reported net income was 84.5B IDR in FY2025, compounding −8.1%/yr from FY2021.
Key figures
Market cap 767B IDR (≈ $42.6M) Micro · P/E ratio 9.2 · P/S ratio 2.09 · EPS (TTM) 38.00 IDR · Dividend yield 9.0% · Net margin 23.1% · Return on equity 29.4% · Return on assets (EBIT) 28.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 20% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 42%, AMOR screens cheaper than that median.
Fair Value models
Bear262.32 IDRFair Value 497.20 IDRBull626.87 IDR
Price 350.00 IDR · Upside +42.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (5.57 IDR per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+42.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.6%
Start year 2020 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.6%
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What shareholders gained per year (last 5 years), in IDR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in IDR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+5.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)9.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−3.1% vs −18.4%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.35% → 27%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 21.7%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Indonesia: IMF forecast 2.6% a year to 2030, 2.9% from 2016 to 2025) that is about +3.9% a year for the price.
Compare Ashmore Asset Management Indonesia with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 586 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score87 · Top 25%
Fair Value upside+42.1% · Above median
Profitability
Return on equity (12 months)29.4% · Top 25%
Return on assets20.0% · Top 25%
Net margin (12 months)23.1% · Below median
Operating margin (12 months)25.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)92.2% · Top 25%
Dividend yield (12 months)9.0% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)9.2× · Cheaper than median
P/B2.61× · Priciest 25%
P/S (12 months)2.09× · Cheapest 25%
Price / free cash flow (fiscal year)18.4× · Pricier than median
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Cite: Fair Value Calculator (2026). "Ashmore Asset Management Indonesia Fair Value". https://www.fairvalue-calculator.com/stock/AMOR
Frequently asked questions
Is Ashmore Asset Management Indonesia (AMOR) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 497.20 IDR versus a price of 350.00 IDR, about +42% upside (undervalued).
What is the fair value of AMOR?
Our model-based fair value for Ashmore Asset Management Indonesia is 497.20 IDR (as of Nov 3, 2026), built from audited fundamentals. The current price: 350.00 IDR.
What is the quality score of AMOR?
Ashmore Asset Management Indonesia has a Quality Score of 87/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Ashmore Asset Management Indonesia (AMOR)?
Our model-based price target is the fair value of 497.20 IDR (as of Nov 3, 2026) from 12 valuation models. Cautious scenario 262.32 IDR, optimistic scenario 626.87 IDR. It is a calculation from audited fundamentals, not an analyst target.
What is the Ashmore Asset Management Indonesia stock forecast for 2026?
Our models put fair value at 497.20 IDR, about +42% upside versus a price of 350.00 IDR (undervalued). Cautious scenario 262.32 IDR, optimistic scenario 626.87 IDR. The calculation is refreshed regularly with new filings.
What is the revenue of Ashmore Asset Management Indonesia (AMOR)?
Ashmore Asset Management Indonesia reported trailing-twelve-month revenue of about 367B IDR (latest available figure, as of Nov 3, 2026).
Does Ashmore Asset Management Indonesia pay a dividend?
Ashmore Asset Management Indonesia currently shows a dividend yield of 9.00% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Ashmore Asset Management Indonesia (AMOR) and when is the ex-dividend date?
Ashmore Asset Management Indonesia pays a dividend of 31.50 IDR per share a year, a dividend yield of 9.0%. The last ex-dividend date was Feb 11, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 82.9% of earnings. Free cash flow covers the dividend 0.60 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Ashmore Asset Management Indonesia (AMOR)?
For today's price to be fair in a discounted-cash-flow model, Ashmore Asset Management Indonesia would have to grow free cash flow by +6.6 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.6 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of AMOR use?
Our models discount Ashmore Asset Management Indonesia at 10.5 %: a base by market capitalisation (nano), damped by beta 0.52, country premium for Indonesia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Ashmore Asset Management Indonesia that is +6.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Ashmore Asset Management Indonesia (AMOR) delivered so far?
Over the past 5 years revenue at Ashmore Asset Management Indonesia grew +2.6 % a year. The price currently implies free-cash-flow growth of +6.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Ashmore Asset Management Indonesia (AMOR) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Ashmore Asset Management Indonesia (+6.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ashmore Asset Management Indonesia (AMOR)?
The free-cash-flow yield on the price is 5.43 %: that much free cash flow Ashmore Asset Management Indonesia produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ashmore Asset Management Indonesia (AMOR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ashmore Asset Management Indonesia it is 497.20 IDR per share (as of Nov 3, 2026), against a price of 350.00 IDR. It is the blended result of 12 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Ashmore Asset Management Indonesia stock overvalued or undervalued in 2026?
As of Nov 3, 2026, AMOR trades below its calculated fair value: price 350.00 IDR, fair value 497.20 IDR, a gap of about +42% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AMOR?
No. The price is what the market pays today (350.00 IDR); the fair value is what the company's own numbers justify (497.20 IDR). For Ashmore Asset Management Indonesia the two are 147.20 IDR per share apart. That gap is exactly why we show both numbers side by side.
How much is Ashmore Asset Management Indonesia worth?
The market values Ashmore Asset Management Indonesia at about 767B IDR (market capitalisation, as of Nov 3, 2026). Per share that is 350.00 IDR; our models calculate a fair value of 497.20 IDR per share.
What do the bullish and bearish scenarios say about AMOR?
Our models span a range for Ashmore Asset Management Indonesia: cautious scenario 262.32 IDR, base 497.20 IDR, optimistic 626.87 IDR per share (as of Nov 3, 2026, price 350.00 IDR). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AMOR?
Ashmore Asset Management Indonesia trades at a price-to-earnings ratio of 9.2 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 497.20 IDR is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 21.0. Other multiples: P/B 2.6, P/S 2.1, EV/EBITDA 7.0.
How solid is the balance sheet of Ashmore Asset Management Indonesia (AMOR)?
Balance-sheet figures for Ashmore Asset Management Indonesia (as of Nov 3, 2026): return on equity 29.4%. They feed the Quality Score of 87/100, which measures business quality independently of the share price.
How far is AMOR from its 52-week high?
Ashmore Asset Management Indonesia trades at 350.00 IDR, about 14% below its 52-week high of 406.85 IDR and 20% above the low of 292.00 IDR (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 497.20 IDR is for.
Which stocks are comparable to Ashmore Asset Management Indonesia?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Ashmore Asset Management Indonesia stock attractive at the current price?
The data as of Nov 3, 2026: price 350.00 IDR, calculated fair value 497.20 IDR (+42%), Quality Score 87/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AMOR calculated?
We run Ashmore Asset Management Indonesia through 12 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 497.20 IDR builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Ashmore Asset Management Indonesia currently trades 30% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Ashmore Asset Management Indonesia (AMOR)?
The closing price on Nov 6, 2026 was 350.00 IDR. Our model-based fair value is 497.20 IDR, about +42% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ashmore Asset Management Indonesia right now?
The rarer combination: high quality (87/100) AND below fair value. That earns a closer look rather than a quick verdict. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (262.32 IDR to 626.87 IDR) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Ashmore Asset Management Indonesia
How large is the market capitalisation of Ashmore Asset Management Indonesia (AMOR)?
The market capitalisation of Ashmore Asset Management Indonesia is 767B IDR (≈ $42.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ashmore Asset Management Indonesia (AMOR)?
The price-to-sales ratio of Ashmore Asset Management Indonesia is 2.09 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ashmore Asset Management Indonesia (AMOR)?
Earnings per share at Ashmore Asset Management Indonesia are 38.00 IDR (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ashmore Asset Management Indonesia (AMOR)?
The dividend yield of Ashmore Asset Management Indonesia is 9.0% (payout 82.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Ashmore Asset Management Indonesia (AMOR)?
The net margin of Ashmore Asset Management Indonesia is 23.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Ashmore Asset Management Indonesia (AMOR)?
The return on equity (ROE) of Ashmore Asset Management Indonesia is 29.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Ashmore Asset Management Indonesia (AMOR)?
On an EBIT basis the return on assets of Ashmore Asset Management Indonesia is 28.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Ashmore Asset Management Indonesia (AMOR)?
The operating margin of Ashmore Asset Management Indonesia is 25.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ashmore Asset Management Indonesia (AMOR)?
Revenue at Ashmore Asset Management Indonesia is growing +92.2% versus a year earlier (3y avg +5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Ashmore Asset Management Indonesia (AMOR)?
Earnings per share at Ashmore Asset Management Indonesia are growing +64.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ashmore Asset Management Indonesia (AMOR) hold?
Ashmore Asset Management Indonesia holds more cash than debt, 122B IDR net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 3, 2026