ASX LIMITED (ASX)
Share Price Analysis and Chart

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ASX

ASX - ASX LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 10
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

The Australian Securities Exchange is Australia's primary securities exchange. The ASX was formed in 1987 as an amalgamation of the six states securities exchanges. It oversees compliance with its operating rules and standards of corporate governance among its listed entities.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$47.31

01 Jun
2026

1.080

OPEN

$45.96

2.34%

HIGH

$47.48

1,183,135

LOW

$45.90

TARGET
$54.425 15.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . HUB . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
ASX: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 259.1 276.0 xxx
DPS (cps) xxx 223.3 206.9 xxx
EPS Growth xxx 5.8% 6.5% xxx
DPS Growth xxx 7.4% - 7.3% xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 86.2% 75.0% xxx

Dividend yield today if purchased 3 years ago: 3.31%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.77

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 22/08 - ex-div 112.10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx259.1
DPS All xxxxxxxxxxxxxxx223.3
Sales/Revenue xxxxxxxxxxxxxxx1,712.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,993.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,021.6 M
Net Profit Margin xxxxxxxxxxxxxxx29.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx13.23 %
Return on Invested Capital xxxxxxxxxxxxxxx11.66 %
Return on Assets xxxxxxxxxxxxxxx2.92 %
Return on Equity xxxxxxxxxxxxxxx13.23 %
Return on Total Capital xxxxxxxxxxxxxxx7.52 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx454.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx12,285 M
Long Term Debt xxxxxxxxxxxxxxx501 M
Total Debt xxxxxxxxxxxxxxx12,785 M
Goodwill - Gross xxxxxxxxxxxxxxx2,318 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx13,904 M
Price To Book Value xxxxxxxxxxxxxxx3.50

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx171.9 M
Capex % of Sales xxxxxxxxxxxxxxx10.04 %
Cost of Goods Sold xxxxxxxxxxxxxxx49 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx434 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx25 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

27/05/2026

1

Buy

$62.00

31.05%

ASX announced new FY27 cost and capex outlooks materially higher than expected, but UBS suggests this resets the earnings base ahead of its new CEO and includes initial investment in growth opportunities including tokenisation.

ASX guided to FY27 expense growth 18%-21% well ahead of consensus. FY27 opex growth (25.5%) is surprising, though UBS notes ultimate net P&L impacts should be considerably smaller at -3% long-term given revenue recovery under the C&S pricing policy and Sympli exit.

With cost uncertainty reduced, the broker sees a clearer runway for upside revenue recognition. As ASX trades at 19x FY27, a -29% discount to its relative ten-year average PE, UBS retains Buy. Target falls to $62.00 from $65.20.

FORECAST
UBS forecasts a full year FY26 dividend of 208.00 cents and EPS of 278.00 cents.
UBS forecasts a full year FY27 dividend of 208.00 cents and EPS of 268.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

01/06/2026

2

Upgrade to Overweight from Neutral

$55.30

16.89%

Jarden upgrades ASX to Overweight from Neutral, with a $55.30 target price, following a significant share price dislocation.

Commentary suggests main concerns regarding the absence of a chief executive officer and cost transparency are resolved by Anthony Attia's appointment and recent technology cost guidance.

Technology modernisation and cultural remediation operating expenses will be partly offset in outer years by participant cost-passing mechanisms.

Strong volume momentum remains evident as year-to-date operating revenue reached $1.03bn, an increase of 12.5% on the prior corresponding period.

Near-term dividend recovery faces constraints from a -$150m capital charge due by June 2027, potentially requiring a discounted dividend reinvestment plan.

FORECAST
Jarden forecasts a full year FY26 dividend of 201.90 cents and EPS of 269.00 cents.
Jarden forecasts a full year FY27 dividend of 195.50 cents and EPS of 260.40 cents.
Access Extra Coverage Research History >

ASX STOCK CHART

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