Added to YB: 2026-05-06
Pitch date: 2026-05-03
ASAI.L [bullish]
ASA International Group PLC
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
ASA International Group PLC operates as a microfinance institution in Asia and Africa. The company offers various collateral-free loans, such as small business and MSME loans to start or grow businesses.
Market Cap
GBP 290.0M
Pitch Price
N/A
Price Target
N/A
Dividend
6.55%
EV/EBITDA
N/A
P/E
5.09
EV/Sales
N/A
Sector
Consumer Finance
Category
growth
Do they ASA I for Problems?
ASAI.L: Microfinance lender to 3M clients, loan book +25% YoY to $631M despite Iran war. 39.3% NIM (vs 13% UK banks), 43.8% ROE, 56.8% cost-income ratio (down from 72%). FX gain $15.9M in FY25, bad debt <1%, PAR30 2%. India exit saves $28M losses. Pakistan well-insulated via Iran oil, solar 20% of power. 98.4% covenant compliance. 5% yield. Trading 215p vs intrinsic value case for re-rating.
Read full article (12 min)