ASX LIMITED (ASX)
Share Price Analysis and Chart

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ASX - ASX LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 10.31
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

$65.12

20 Jan
2025

0.280

OPEN

$64.85

0.43%

HIGH

$65.28

164,859

LOW

$64.72

TARGET
$63.867 -1.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . AVC . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . HUB . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
ASX: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 244.8 255.5 xxx
DPS (cps) xxx 208.0 214.6 xxx
EPS Growth xxx 49.4% 4.3% xxx
DPS Growth xxx - 8.9% 3.2% xxx
PE Ratio xxx N/A 25.5 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 85.0% 84.0% xxx

Dividend yield today if purchased 3 years ago: 2.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.21

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: 21/08 - ex-div 106.80c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx244.8
DPS All xxxxxxxxxxxxxxx208.0
Sales/Revenue xxxxxxxxxxxxxxx1,590.7 M
Book Value Per Share xxxxxxxxxxxxxxx1,921.2
Net Operating Cash Flow xxxxxxxxxxxxxxx682.2 M
Net Profit Margin xxxxxxxxxxxxxxx29.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.88 %
Return on Invested Capital xxxxxxxxxxxxxxx11.66 %
Return on Assets xxxxxxxxxxxxxxx2.81 %
Return on Equity xxxxxxxxxxxxxxx12.88 %
Return on Total Capital xxxxxxxxxxxxxxx7.21 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx153.8 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx11,786 M
Long Term Debt xxxxxxxxxxxxxxx523 M
Total Debt xxxxxxxxxxxxxxx12,309 M
Goodwill - Gross xxxxxxxxxxxxxxx2,318 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx13,403 M
Price To Book Value xxxxxxxxxxxxxxx3.12

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx137.8 M
Capex % of Sales xxxxxxxxxxxxxxx8.66 %
Cost of Goods Sold xxxxxxxxxxxxxxx40 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx396 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx17 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

-0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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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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UBS

07/01/2025

5

Sell

$65.00

-0.18%

UBS views December trading activity for ASX as softer than the more "buoyant" conditions in the remainder of 1H25, driven by equity markets and lower interest rate expectations.

The analyst notes 1H25 average daily results came in lower than expected for both cash equity turnover and futures volumes. Capital raisings and collateral balances were also weaker.

The target price is adjusted to $65 from $64.90, with the Sell rating retained.

UBS remains cautious on the regulatory and cost risks associated with the CHESS replacement and the unappealing valuation for 4% compound EPS growth between FY25 and FY29.

FORECAST
UBS forecasts a full year FY25 dividend of 217.00 cents and EPS of 255.00 cents.
UBS forecasts a full year FY26 dividend of 226.00 cents and EPS of 266.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

15/01/2025

5

Sell

$59.50

-8.63%

Ahead of ASX's 1H results on February 13, Goldman Sachs has made earnings changes to reflect the company's operational trends which it notes are positive, outside of listings.

The broker notes reset risk is low at the result but remains cautious on capex risks and its implication for free cash. The broker observes valuation is at 25.6x FY25 or 24.9x FY26 -- broadly in line with global peers. 

The bropker comments key areas of focus ahead of results are divisional operating trends, expense trends, fee/pricing changes, equity investments and regulatory risk.

The target price remains unchanged at $59..5 and the rating at Sell.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 217.00 cents and EPS of 256.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 220.00 cents and EPS of 251.00 cents.
Access Extra Coverage Research History >

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