Stock Analysis Report

Executive Summary

Advanced Share Registry Limited provides share registry and other corporate services in Australia.

Snowflake Analysis

Second-rate dividend payer and slightly overvalued.

Share Price & News

How has Advanced Share Registry's share price performed over time and what events caused price changes?

Latest Share Price and Events

Stable Share Price: ASW has not had significant price volatility in the past 3 months.

Market Performance

7 Day Return




AU Capital Markets


AU Market

1 Year Return




AU Capital Markets


AU Market

Return vs Industry: ASW exceeded the Australian Capital Markets industry which returned -24.3% over the past year.

Return vs Market: ASW exceeded the Australian Market which returned -19.4% over the past year.

Shareholder returns

7 Day-0.8%5.5%5.0%
30 Day-9.4%-26.5%-20.3%
90 Day-16.7%-30.2%-25.8%
1 Year-8.0%-13.2%-21.8%-25.2%-15.6%-19.2%
3 Year-14.3%-27.3%25.6%9.4%-3.6%-16.8%
5 Year39.8%2.5%55.6%22.6%6.6%-17.5%

Price Volatility Vs. Market

How volatile is Advanced Share Registry's share price compared to the market and industry in the last 5 years?

Simply Wall St News


Is Advanced Share Registry undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ASW (A$0.66) is trading below our estimate of fair value (A$0.98)

Significantly Below Fair Value: ASW is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: ASW is poor value based on its PE Ratio (18.6x) compared to the Capital Markets industry average (12.7x).

PE vs Market: ASW is poor value based on its PE Ratio (18.6x) compared to the Australian market (13.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ASW's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: ASW is overvalued based on its PB Ratio (3.4x) compared to the AU Capital Markets industry average (1.2x).

Next Steps

Future Growth

How is Advanced Share Registry forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?


Forecasted Diversified Financials industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Advanced Share Registry has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Next Steps

Past Performance

How has Advanced Share Registry performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ASW has high quality earnings.

Growing Profit Margin: ASW's current net profit margins (26.5%) are lower than last year (38.9%).

Past Earnings Growth Analysis

Earnings Trend: ASW's earnings have grown by 3.1% per year over the past 5 years.

Accelerating Growth: ASW's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ASW had negative earnings growth (-33.1%) over the past year, making it difficult to compare to the Capital Markets industry average (7.7%).

Return on Equity

High ROE: ASW's Return on Equity (18%) is considered low.

Next Steps

Financial Health

How is Advanced Share Registry's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: ASW has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ASW's debt is covered by short term assets.

Financial Institutions Analysis

Asset Level: ASW's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ASW has a sufficient allowance for bad loans.

Low Risk Liabilities: ASW reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ASW has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ASW has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ASW has an appropriate level of bad loans.

Next Steps


What is Advanced Share Registry's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ASW's dividend (6.26%) is higher than the bottom 25% of dividend payers in the Australian market (3.17%).

High Dividend: ASW's dividend (6.26%) is low compared to the top 25% of dividend payers in the Australian market (8.18%).

Stability and Growth of Payments

Stable Dividend: ASW's dividends per share have been stable in the past 10 years.

Growing Dividend: ASW's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (116.6%), ASW's dividend payments are not well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average board tenure


Kim Phin Chong

no data




Mr. Kim Phin Chong serves as the Chief Executive Officer and Managing Director at Advanced Share Registry Limited. Mr. Chong has been actively involved in the share registry business for over 26 years. Fro ...

CEO Compensation Analysis

Compensation vs Market: Kim Phin's total compensation ($USD0.00) is below average for companies of similar size in the Australian market ($USD246.06K).

Compensation vs Earnings: Kim Phin's compensation has been consistent with company performance over the past year.

Board Members

Kim Phin Chong
CEO, MD & Directorno dataAU$254.73k56.12% A$15.1m
Alan Winduss
CFO, Company Secretary & Non-Executive Director12.67yrsAU$27.00k0.57% A$153.1k
Kee Tan
Non-Executive Director12.58yrsAU$27.00k1.27% A$340.9k
Simon Cato
Non-Executive Chairman no dataAU$45.00k1.28% A$343.8k


Average Tenure


Average Age

Experienced Board: ASW's board of directors are seasoned and experienced ( 12.7 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: ASW insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Advanced Share Registry Limited's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Advanced Share Registry Limited
  • Ticker: ASW
  • Exchange: ASX
  • Founded: 1996
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: AU$26.854m
  • Shares outstanding: 42.97m
  • Website:

Number of Employees


  • Advanced Share Registry Limited
  • 110 Stirling Highway
  • Nedlands
  • Western Australia
  • 6009
  • Australia


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ASWASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJun 2008
ASWCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJun 2008


Advanced Share Registry Limited provides share registry and other corporate services in Australia. The company offers a suite of registry services, including registry maintenance, capital raisings, corporate actions, company meetings, employee share plans, shareholder communications, and in-house printing services. It also engages in the property investment business. The company was founded in 1996 and is based in Nedlands, Australia. Advanced Share Registry Limited is a subsidiary of KMC Automation Pty Ltd. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/04 10:45
End of Day Share Price2020/04/02 00:00
Annual Earnings2019/06/30

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.