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: 7.95
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

$57.61

17 Aug
2026

-0.680

OPEN

$59.02

-1.17%

HIGH

$59.40

896,349

LOW

$56.84

TARGET
$57.20 -0.7% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . BVS . CGF . CVW . DJW . 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 FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 249.3 266.2 xxx
DPS (cps) xxx 206.5 202.6 xxx
EPS Growth xxx - 3.8% 6.8% xxx
DPS Growth xxx - 7.5% - 1.9% xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A N/A xxx
Div Pay Ratio(%) xxx 82.8% 76.1% xxx

Dividend yield today if purchased 3 years ago: 3.50%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.58

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: 20/02 - ex-div 101.80c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx249.3
DPS All xxxxxxxxxxxxxxx206.5
Sales/Revenue xxxxxxxxxxxxxxx1,758.9 M
Book Value Per Share xxxxxxxxxxxxxxx2,040.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-2,667.6 M
Net Profit Margin xxxxxxxxxxxxxxx27.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx12.34 %
Return on Invested Capital xxxxxxxxxxxxxxx11.06 %
Return on Assets xxxxxxxxxxxxxxx3.02 %
Return on Equity xxxxxxxxxxxxxxx12.34 %
Return on Total Capital xxxxxxxxxxxxxxx7.56 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3,214.9 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx9,246 M
Long Term Debt xxxxxxxxxxxxxxx406 M
Total Debt xxxxxxxxxxxxxxx9,652 M
Goodwill - Gross xxxxxxxxxxxxxxx2,318 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx10,647 M
Price To Book Value xxxxxxxxxxxxxxx2.61

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx189.0 M
Capex % of Sales xxxxxxxxxxxxxxx10.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx68 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx545 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

14/08/2026

3

Downgrade to Neutral from Buy

$66.90

16.13%

On further analysis, UBS notes the strong share price reaction to the ASX FY26 result appears related to avoiding MSCI "downweighting" and reduced cost and capital expenditure risks for the short term.

Earnings estimates provisions are minimal and UBS continues to envisage upside risk to consensus forecasts that reflect stronger equity turnover, rising revenue headroom for equity post-trade and potential areas of repricing.

With the stock now having re-rated to a 23x PE the rating is downgraded to Neutral from Buy and the target is raised to $66.90 from $62.00.

First look:

At first look, ASX's FY26 underlying NPAT of $536m was in line with UBS and around 1% ahead of consensus, with slightly stronger revenue offset by weaker net interest income.

Revenue increased 13% and expenses rose 21%, resulting in EBIT growth of 7.8%, around 2% ahead of consensus.

The analyst highlights a strong start to FY27 across listings, cash equity turnover and interest rate futures volumes, which it sees as potential sources of earnings upside.

FY27 expense growth guidance of 18%-21% and capex guidance of $180m-$200m were reaffirmed, while UBS's FY27 EPS forecast is currently 4.6% above consensus.

Buy rated. Target $62.

FORECAST
UBS forecasts a full year FY27 dividend of 210.00 cents and EPS of 270.00 cents.
UBS forecasts a full year FY28 dividend of 220.00 cents and EPS of 276.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx 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

17/08/2026

3

Downgrade to Neutral from Overweight

$58.20

1.02%

Jarden downgrades its rating for ASX to Neutral from Overweight with its target price increased to $58.20 from $54.85 following a solid FY26 result featuring EBIT exceeding expectations by 2%-3%.

The analyst notes persistent market volatility should support momentum across futures and cash equities in FY27, offering a sustainable path to organically meet the $150m capital impost.

With FY27 cost guidance reiterated, ASIC commitments underway, CHESS Release 1 live, and the new building-block pricing policy operating, the broker's estimates suggest the business appears well-positioned for the incoming CEO.

Commentary suggests regulatory pressures need to ease substantially to drive a sustainable re-rating, with the successful delivery of the Accelerate Program remaining critical.

The rating downgrade reflects the share price surging 35% since late May, while the target price uplift captures 2% positive earnings revisions.
Access Extra Coverage Research History >

ASX STOCK CHART

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