useModelMigration broken in async components

diff --git a/src/App.vue b/src/App.vue
index e579eba..860ff4b 100644
--- a/src/App.vue
+++ b/src/App.vue
@@ -1,18 +1,22 @@
 <template>
 	<NcAppContent>
 		<div id="app_template">
-			<h1>Hello world!</h1>
+			<Repro />
 		</div>
 	</NcAppContent>
 </template>
 
 <script>
 import NcAppContent from '@nextcloud/vue/dist/Components/NcAppContent.js'
+import { defineAsyncComponent } from 'vue'
+// import Repro from './Repro.vue'
 
 export default {
 	name: 'App',
 	components: {
 		NcAppContent,
+		// Repro,
+		Repro: defineAsyncComponent(() => import('./Repro.vue')),
 	},
 }
 </script>
diff --git a/src/Repro.vue b/src/Repro.vue
new file mode 100644
index 0000000..5b5f8bb
--- /dev/null
+++ b/src/Repro.vue
@@ -0,0 +1,36 @@
+<template>
+	<div>
+		<NcActions>
+			<NcActionRadio v-for="option in radioOptions"
+				:key="option.value"
+				:value="option.value"
+				:disabled="option.disabled"
+				name="uniqueId"
+				v-model="radioValue">
+				{{ option.label }}
+			</NcActionRadio>
+		</NcActions>
+		<span>Selected value: {{ radioValue }}</span>
+	</div>
+</template>
+
+<script>
+import NcActions from '@nextcloud/vue/components/NcActions'
+import NcActionRadio from '@nextcloud/vue/components/NcActionRadio'
+
+export default {
+	components: {
+		NcActions,
+		NcActionRadio,
+	},
+	data: () => ({
+		radioOptions: [
+			{ value: 'first', label: 'First choice', disabled: false },
+			{ value: 'second', label: 'Second choice', disabled: false },
+			{ value: 'third', label: 'Third choice', disabled: false },
+			{ value: 'fourth', label: 'Fourth choice (disabled)', disabled: true },
+		],
+		radioValue: 'first',
+	}),
+}
+</script>