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: 10.31
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

$70.61

05 May
2025

0.180

OPEN

$71.77

0.26%

HIGH

$71.90

502,602

LOW

$70.35

TARGET
$63.342 -10.3% 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 244.8 260.9 xxx
DPS (cps) xxx 208.0 219.9 xxx
EPS Growth xxx 49.4% 6.6% xxx
DPS Growth xxx - 8.9% 5.7% xxx
PE Ratio xxx N/A 27.1 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 85.0% 84.3% xxx

Dividend yield today if purchased 3 years ago: 2.46%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.95

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

-0.4

No. Of Recommendations

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

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

01/04/2025

5

Underweight

$56.15

-20.48%

Morgan Stanley's analysis shows interest rate futures volume on ASX rose 36% y/y in March, which would translate to 28.9% y/y for the March quarter, assuming it reflects total futures volumes.

This would be significantly higher than the 9% y/y consensus forecast for 2H25. The broker notes another positive was the growth was led by longer-duration 5-yr and 10-yr volume, which are higher-margin products.

The broker estimates every 5bps rise in volumes will boost FY25 underlying net profit by 1%.

Underweight. Target unchanged at $56.15. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 215.70 cents and EPS of 256.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 218.00 cents and EPS of 259.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$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

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Jarden

16/01/2025

3

Neutral

$62.55

-11.41%

Jarden notes momentum in futures volumes growth on the ASX appears to be abating. The near-term revenue outlook for ASX also continues to be fragile as cash equities turnover decline and weakness in capital raisings continues, the broker adds.

The broker has trimmed the earnings outlook for FY25-27 but raised the target price due to higher risk-free rates and a revised S&P/ASX200 market multiple.

The rating is maintained at Neutral. Target price rises to $62.55 from $62.25.

FORECAST
Jarden forecasts a full year FY25 dividend of 217.20 cents and EPS of 255.30 cents.
Jarden forecasts a full year FY26 dividend of 225.20 cents and EPS of 265.00 cents.
Access Extra Coverage Research History >

ASX STOCK CHART

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