Ashmore Asset Management Indonesia (AMOR) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ashmore Asset Management Indonesia IDR 420, price IDR 364, upside +15.4%, quality 78 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 292.00 IDR – 1,698 IDR · fair‑value band 321.60 IDR – 522.62 IDR · the 364.00 IDR price screens below the 420.05 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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 364.00 IDR, while our model-based Fair Value estimate is 420.05 IDR, implying the stock looks roughly 13.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 488.29 IDR per share, and 6 of the 10 models we run sit above the 364.00 IDR price.
Bear case: the Asset-Based group reads lowest at 85.92 IDR, and 4 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 321.60 IDR (bear) to 522.62 IDR (bull), the price of 364.00 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 78/100 (high quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Ashmore Asset Management Indonesia reported revenue of 267B IDR in FY2024 versus 335B IDR in FY2020, a compound −5.6%/yr. Reported net income was 72.4B IDR in FY2024, compounding −7.7%/yr from FY2020.
Key figures
Market cap 806B IDR (≈ $45.1M) · P/E ratio 10.7 · P/S ratio 2.91 · EPS (TTM) 34.01 IDR · Dividend yield 8.7% · Net margin 27.1% · Return on equity 27.9% · Return on assets (EBIT) 29.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 25% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 15%, AMOR screens cheaper than that median.
Fair Value models
Bear 321.60 IDRFair Value 420.05 IDRBull 522.62 IDR
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then (2.51 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.Evidence ⓘEvidence = 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−17.8%
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.
−12.2%
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.
−0.9%
Revenue growth 8 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.
+7.1%
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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.
+2.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.1%
Dividend (yield on the price)8.7%
Profit margin 2019 to 2024 ⓘ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% → 29%
⚠ Revenue per share shrinking 24.8%/yr over ~6Y (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
Price in line with expectations
The price assumes about as much growth as 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).
−2.1%
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 −4.6% a year for the price.
Compare Ashmore Asset Management Indonesia with another stock
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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 · 657 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+14% · Below median
Profitability
Return on equity (TTM)28% · Top 25%
Return on assets14% · Top 25%
Net margin (TTM)24% · Below median
Operating margin (TTM)24% · Below median
Growth and dividend
Revenue growth81% · Top 25%
Dividend yield (TTM)8.7% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
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 Sep 24, 2026, our model estimates a fair value of 420.05 IDR versus a price of 364.00 IDR, about +15% upside (undervalued).
What is the fair value of AMOR?
Our model-based fair value for Ashmore Asset Management Indonesia is 420.05 IDR (as of Sep 24, 2026), built from audited fundamentals. The current price: 364.00 IDR.
What is the quality score of AMOR?
Ashmore Asset Management Indonesia has a Quality Score of 78/100. 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 420.05 IDR (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 321.60 IDR, optimistic scenario 522.62 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 420.05 IDR, about +15% upside versus a price of 364.00 IDR (undervalued). Cautious scenario 321.60 IDR, optimistic scenario 522.62 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 312B IDR (latest available figure, as of Sep 24, 2026).
Does Ashmore Asset Management Indonesia pay a dividend?
Ashmore Asset Management Indonesia currently shows a dividend yield of about 8.65% relative to its recent price (as of Sep 24, 2026).
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 -2.1 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -0.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AMOR use?
Our models discount Ashmore Asset Management Indonesia at 10.6 %: a base by market capitalisation (nano), damped by beta 0.55, 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 -2.1 % per year a year over ten years, using the same discount rate (10.6 %) 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 -0.9 % a year. The price currently implies -2.1 % per year free-cash-flow growth a 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 +8.3 % a year. That is the yardstick for the growth priced into Ashmore Asset Management Indonesia (-2.1 % per year a 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 8.21 %: that much free cash flow Ashmore Asset Management Indonesia produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), 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 420.05 IDR per share (as of Sep 24, 2026), against a price of 364.00 IDR. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Ashmore Asset Management Indonesia stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AMOR trades below its calculated fair value: price 364.00 IDR, fair value 420.05 IDR, a gap of about +15% (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 (364.00 IDR); the fair value is what the company's own numbers justify (420.05 IDR). For Ashmore Asset Management Indonesia the two are 56.05 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 806B IDR (market capitalisation, as of Sep 24, 2026). Per share that is 364.00 IDR; our models calculate a fair value of 420.05 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 321.60 IDR, base 420.05 IDR, optimistic 522.62 IDR per share (as of Sep 24, 2026, price 364.00 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 10.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 420.05 IDR is built from several models across several years. Other multiples: P/B 2.9, P/S 2.6, EV/EBITDA 8.2.
How solid is the balance sheet of Ashmore Asset Management Indonesia (AMOR)?
Balance-sheet figures for Ashmore Asset Management Indonesia (as of Sep 24, 2026): return on equity 27.9%. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is AMOR from its 52-week high?
Ashmore Asset Management Indonesia trades at 364.00 IDR, about 15% below its 52-week high of 427.19 IDR and 25% above the low of 292.00 IDR (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 420.05 IDR is for.
Which stocks are comparable to Ashmore Asset Management Indonesia?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, 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 Sep 24, 2026: price 364.00 IDR, calculated fair value 420.05 IDR (+15%), Quality Score 78/100, from 10 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 10 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 420.05 IDR, 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 13.0 % above its aggregate fair value. Ashmore Asset Management Indonesia currently trades 15 % 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 Sep 24, 2026 was 364.00 IDR. Our model-based fair value is 420.05 IDR, about +15% 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?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 806B IDR (≈ $45.1M). 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 2.91 (P/E × margin). 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 34.01 IDR (price ÷ EPS = P/E 10.7). 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 8.7% (payout 92.6%). 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 27.1% (fiscal year 2024). 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 27.9% (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 29.1% (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 24.0% (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 +80.9% versus a year earlier (3y avg −12.2%). 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 +24.0% 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, 169B IDR net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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