How does ASX's PE Ratio compare to its peers?

ASX is good value based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (39.3x).

How does ASX's PE Ratio compare vs other companies in the AU Capital Markets Industry?

ASX is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the Australian Capital Markets industry average (20x).

What is ASX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASX is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (20x).

What is the Fair Price of ASX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

ASX (A$66.94) is trading above our estimate of [[fair value]] (A$52.37)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is lower than the current share price.

ASX (ASX:ASX) - Stock Price, News & Analysis

ASX Stock Overview

Operates as a multi-asset class and integrated exchange company in Australia and internationally. More details

ASX fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	1/6
Past Performance	4/6
Financial Health	4/6
Dividends	3/6

Rewards

Earnings are forecast to grow 4.33% per year

Earnings grew by 49.4% over the past year

Risk Analysis

Dividend of 3.11% is not well covered by free cash flows

ASX Limited Competitors

GQG Partners

ASX:GQG

AU$7.8b

Netwealth Group

ASX:NWL

AU$7.2b

Australian Foundation Investment

ASX:AFI

AU$9.4b

Argo Investments

ASX:ARG

AU$6.9b

Price History & Performance

Summary of all time highs, changes and price drops for ASX
Historical stock prices
Current Share Price	AU$66.94
52 Week High	AU$68.69
52 Week Low	AU$56.45
Beta	0.27
11 Month Change	0.015%
3 Month Change	7.14%
1 Year Change	17.52%
33 Year Change	-27.88%
5 Year Change	-18.02%
Change since IPO	1,475.06%

ASX Limited's (ASX:ASX) Popularity With Investors Is Under Threat From Overpricing

Aug 08

Recent updates

ASX Limited's (ASX:ASX) Popularity With Investors Is Under Threat From Overpricing

Aug 08

Here's Why Shareholders May Consider Paying ASX Limited's (ASX:ASX) CEO A Little More

Sep 22

ASX (ASX:ASX) Is Reducing Its Dividend To AU$1.11

Aug 21

Is ASX Limited (ASX:ASX) A Smart Choice For Dividend Investors?

May 07

ASX Limited (ASX:ASX) Insiders Have Been Selling

Mar 20

We Wouldn't Be Too Quick To Buy ASX Limited (ASX:ASX) Before It Goes Ex-Dividend

Feb 27

ASX (ASX:ASX) Has Compensated Shareholders With A Respectable 97% Return On Their Investment

Feb 22

Three Things You Should Check Before Buying ASX Limited (ASX:ASX) For Its Dividend

Feb 03

What You Need To Know About ASX Limited's (ASX:ASX) Investor Composition

Jan 16

A Quick Analysis On ASX's (ASX:ASX) CEO Salary

Dec 29

Should You Review Recent Insider Transactions At ASX Limited (ASX:ASX)?

Dec 12

Shareholders Of ASX (ASX:ASX) Must Be Happy With Their 121% Total Return

Nov 24

Shareholder Returns

	ASX	AU Capital Markets	AU Market
7D	1.8%	1.1%	1.5%
1Y	17.5%	37.0%	17.2%

Return vs Industry: ASX underperformed the Australian Capital Markets industry which returned 37% over the past year.

Return vs Market: ASX matched the Australian Market which returned 17.2% over the past year.

Price Volatility

Is ASX's price volatile compared to industry and market?
ASX volatility
ASX Average Weekly Movement	2.1%
Capital Markets Industry Average Movement	4.0%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: ASX has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: ASX's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	1,193	Helen Lofthouse	www.asx.com.au

ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally. The company provides education programs, research and insights, investor access and peer group networking; distribution facility for quoted exchange traded funds (ETFs) and debt securities. It is also involved in the trading of futures and options on interest rate, equity index, agricultural and energy products, and options over individual securities; cash market trading of equities, warrants, exchange-traded funds, and debt securities; and clearing of exchange-traded derivatives and over-the-counter interest rate and equity derivatives.

ASX Limited Fundamentals Summary

How do ASX's earnings and revenue compare to its market cap?
ASX fundamental statistics
Market cap	AU$12.92b
Earnings (TTM)	AU$474.20m
Revenue (TTM)	AU$1.58b

27.4x

P/E Ratio

8.2x

P/S Ratio

Is ASX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ASX income statement (TTM)
Revenue	AU$1.58b
Cost of Revenue	AU$59.40m
Gross Profit	AU$1.52b
Other Expenses	AU$1.05b
Earnings	AU$474.20m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.45
Gross Margin	96.24%
Net Profit Margin	30.00%
Debt/Equity Ratio	7.4%

How did ASX perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

85%

Payout Ratio

ASX Stock Overview

Rewards

Risk Analysis

ASX Limited Competitors

ASX:GQG

AU$7.8b

ASX:NWL

AU$7.2b

ASX:AFI

AU$9.4b

ASX:ARG

AU$6.9b

Price History & Performance

Recent News & Updates

Now 20% overvalued after recent price rise

ASX Limited Appoints David Clarke as Director

Full year 2024 earnings: Revenues and EPS in line with analyst expectations

ASX Limited's (ASX:ASX) Popularity With Investors Is Under Threat From Overpricing

Now 20% overvalued

Now 20% overvalued

Recent updates

Now 20% overvalued after recent price rise

ASX Limited Appoints David Clarke as Director

Full year 2024 earnings: Revenues and EPS in line with analyst expectations

ASX Limited's (ASX:ASX) Popularity With Investors Is Under Threat From Overpricing

Now 20% overvalued

Now 20% overvalued

Now 21% overvalued

Now 21% overvalued

ASX Limited Announces Board Changes

Earnings Not Telling The Story For ASX Limited (ASX:ASX)

Independent Non-Executive Chairman recently bought AU$644k worth of stock

Upcoming dividend of AU$1.01 per share

First half dividend reduced to AU$1.01

First half 2024 earnings: EPS misses analyst expectations

ASX Limited, Annual General Meeting, Oct 28, 2024

Pinning Down ASX Limited's (ASX:ASX) P/E Is Difficult Right Now

Tradeweb Markets Inc. (NasdaqGS:TW) entered into a definitive agreement to acquire Yieldbroker Pty Limited from ASX Limited (ASX:ASX) and others.

Upcoming dividend of AU$1.12 per share at 3.9% yield

ASX's (ASX:ASX) Dividend Will Be Reduced To A$1.12

ASX Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on September 27, 2023

New major risk - Dividend sustainability

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Price target decreased by 7.3% to AU$64.67

Tradeweb Markets Inc. (NasdaqGS:TW) entered into a definitive agreement to acquire Yieldbroker Pty Limited from ASX Limited (ASX:ASX) for approximately AUD 130 million.

ASX Limited Names Tim Whiteley as Chief Information Officer Effective July 1, 2023

High number of new directors

Director recently bought AU$75k worth of stock

Independent Non-Executive Director recently bought AU$67k worth of stock

Upcoming dividend of AU$1.16 per share at 3.5% yield

ASX (ASX:ASX) Is Paying Out Less In Dividends Than Last Year

ASX Limited Announces Interim Dividend for 2023, Payable on 29 March 2023

First half 2023 earnings: EPS and revenues miss analyst expectations

ASX Limited Announces Executive Changes

ASX Limited Appoints Johanna O'rourke in the Role of Group General Counsel & Company Secretary

ASX Limited Announces Executive Changes, Effective 1 January 2023

Consensus forecasts updated

ASX Limited Appoints Lucy Barnett as Company Secretary

ASX Limited Announces Executive Changes

Independent Non-Executive Director recently bought AU$75k worth of stock

ASX's (ASX:ASX) Upcoming Dividend Will Be Larger Than Last Year's

Upcoming dividend of AU$1.20 per share

ASX Limited Appoints Andrew Tobin as Chief Financial Officer

Independent Non-Executive Director recently bought AU$148k worth of stock

ASX's (ASX:ASX) Dividend Will Be Increased To A$1.20

Full year 2022 earnings: Revenues and EPS in line with analyst expectations

ASX Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

ASX Limited Appoints Helen Maureen Lofthouse as Director

ASX Limited Announces Gillian Larkins to Leave as Chief Financial Officer

ASX Limited Announces Board Changes

ASX Limited Announces Management Changes

ASX Limited Announces Appointment of David (Dave) Curran as A Non-Executive Director

Daniel Csillag Resigns as a Company Secretary of ASX Limited, Effective 4 March 2022

Upcoming dividend of AU$1.16 per share

ASX (ASX:ASX) Has Announced That It Will Be Increasing Its Dividend To AU$1.16

First half 2022 earnings: EPS and revenues exceed analyst expectations

Asx Limited Announces Interim Dividend for the First Half Ended December 31, 2021 Payable on March 23, 2022

Here's Why Shareholders May Consider Paying ASX Limited's (ASX:ASX) CEO A Little More

MD, CEO & Executive Director recently sold AU$945k worth of stock

Upcoming dividend of AU$1.11 per share