ASX LIMITED (ASX)
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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

$51.44

29 Jan
2026

0.000

OPEN

$51.44

0.000

HIGH

$51.44

0

LOW

$51.44

TARGET
$55.017 7.0% 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 . IFL . 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 259.1 259.2 xxx
DPS (cps) xxx 223.3 194.4 xxx
EPS Growth xxx 5.8% 0.0% xxx
DPS Growth xxx 7.4% - 13.0% xxx
PE Ratio xxx N/A 20.2 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 86.2% 75.0% xxx

Dividend yield today if purchased 3 years ago: 3.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.34

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

21/01/2026

3

Hold

$58.10

12.95%

Morgans updated forecasts for financial sector companies following recent company updates by some, mark-to-market adjustments, and a broader review of assumptions.

Key picks in order of preference are Generation Developments, MA Financial, Navigator Global Investments and COG Financial Services.

The broker lifted ASX's FY26 EPS forecast by 0.5% but trimmed FY27-28 EPS by -3% to -5% to reflect recent trading updates and more conservative margin assumptions amid regulatory and technology risks.

The dividend payout ratio estimate has also moved to the bottom of the new 75-85% range.

Target cut to $58.10 from $67.00. Hold maintained.

FORECAST
Morgans forecasts a full year FY26 dividend of 194.00 cents and EPS of 258.40 cents.
Morgans forecasts a full year FY27 dividend of 205.00 cents and EPS of 264.30 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$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

28/01/2026

3

Neutral

$58.00

12.75%

Jarden notes the ASX achieved stronger-than-expected revenue performance in 1H26 but FY26 total cost growth guidance has been lifted again to 20–23% by management, around 500bps higher at the midpoint.

The rise reflects higher operating expenses and ASIC inquiry costs, with further clarity on FY27 costs not due until the June investor day.

Pre-released 1H26 underlying net profit after tax at $263.6m beat the analyst and consensus by 5–7%, respectively prompting the broker to  marginally lift FY26–27 earnings forecasts.

Thetock trades at a -23% discount to its 10-year average valuation, but Jarden downside risks dominating given the challenge of balancing technology execution, regulatory remediation and shareholder returns.

Neutral retained with the target lifted to $58.00 from $57.65.

FORECAST
Jarden forecasts a full year FY26 dividend of 195.50 cents and EPS of 259.20 cents.
Jarden forecasts a full year FY27 dividend of 208.50 cents and EPS of 271.30 cents.
Access Extra Coverage Research History >

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