ASX (ASX) Stock Overview
Operates as a multi-asset class and integrated exchange company in Australia and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
ASX Community Fair Values
Create NarrativeSee what 34 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
ASX Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$45.31 |
| 52 Week High | AU$73.81 |
| 52 Week Low | AU$46.06 |
| Beta | 0.38 |
| 1 Month Change | -22.01% |
| 3 Month Change | -14.44% |
| 1 Year Change | -36.86% |
| 3 Year Change | -33.30% |
| 5 Year Change | -41.19% |
| Change since IPO | 966.12% |
Recent News & Updates
Recent updates
Narrative Update • May 06
ASX: CEO Transition And Clearing Upgrade Will Shape Balanced Return Outlook
Analysts have revised their price target for ASX to A$59.29 from A$58.42, reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News Interim CEO appointed, with Group Executive Markets and Listings Darren Yip set to take over as Interim Chief Executive Officer from 29 May 2026 while the board continues a global search for a permanent CEO (Executive Changes).Narrative Update • Apr 21
ASX: JPMorgan Upgrade And System Rollout Will Shape Future Repricing
Analysts have nudged their ASX price target slightly higher to A$58.42 from A$58.18, citing refreshed assumptions around discount rates, modestly stronger revenue growth, stable profit margins and an updated future P/E outlook that align with recent upbeat Street research. Analyst Commentary Recent Street research, including the JPMorgan upgrade, helps explain why the refreshed assumptions around discount rates, revenue and future P/E multiples are feeding into a slightly higher A$58.42 target for ASX.Narrative Update • Apr 06
ASX: Neutral Upgrades And Execution Risks Will Shape Future Repricing
Narrative Update The analyst price target for ASX has been adjusted slightly to A$58.18 from A$58.46. Analysts attribute this to steady assumptions for revenue growth, profit margins and future P/E, supported by recent research that highlights resilient activity and pricing trends.Narrative Update • Mar 23
ASX: Neutral Upgrades And Revenue Trends Will Support Future Repricing
Analysts have slightly reduced their ASX 12 month price target to around A$58.46 from about A$58.93, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E multiples following recent upgrades from major brokers. Analyst Commentary Bullish Takeaways Bullish analysts point to recent upgrades, including moves to Neutral and above, as a sign that execution on activity and pricing is broadly matching prior expectations rather than falling short.Narrative Update • Mar 08
ASX: Neutral Upgrades And Revenue Trends Will Support Future Upside Potential
Analysts have lifted their ASX price target by A$0.00 to A$58.93, citing slightly refined assumptions for discount rate, revenue growth and profit margin. These changes keep the long term outlook broadly unchanged.Narrative Update • Feb 22
ASX: Neutral Upgrades And Revenue Trends Will Shape Balanced Future Returns
Analysts have modestly lifted their ASX price target to about A$59. This change reflects updated assumptions around slightly lower revenue growth and profit margins, a marginally higher discount rate, and a small adjustment to future P/E expectations.Analysis Article • Feb 14
ASX's (ASX:ASX) Dividend Is Being Reduced To A$1.02
ASX Limited ( ASX:ASX ) is reducing its dividend to A$1.02 on the 23rd of Marchwhich is 8.5% less than last year's...Narrative Update • Feb 07
ASX: Steadier Revenue Trends And Neutral Upgrades Will Support Future Returns
Analysts have increased their fair value estimate for ASX from about A$57.61 to A$58.06, citing recent upgrades and research that indicate steadier revenue trends, minor adjustments to discount rate assumptions, and modest changes to long term growth, margins, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts point to steadier revenue trends and pricing as key supports for the updated fair value, which they see as better aligned with recent trading activity.Narrative Update • Jan 24
ASX: Revenue Trends And AI Demand Will Support Neutral Future Returns
Analysts have adjusted their fair value estimate for ASX to A$57.61 from A$58.78, aligning it closely with a new A$57 price target. They point to solid activity and pricing trends supporting revenue, alongside expectations for a slightly lower future P/E and broadly steady margins and growth assumptions.Narrative Update • Jan 09
ASX: Second Supplier Role Will Support Revenue As AI Demand Grows
Narrative update Analysts have trimmed their ASX price target to A$58.78 from A$59.72, citing slightly higher assumed revenue growth, a marginally lower discount rate, and a modestly reduced profit margin with a lower future P/E, alongside recent research upgrades that highlight support from current activity and pricing trends. Analyst Commentary Recent research on ASX has shifted toward a more balanced view, with at least one major firm moving to a Neutral stance and setting a A$57 price target.Narrative Update • Dec 25
ASX Will Gain From Second Supplier Role As Prudence Drives AI Demand
Narrative Update on Analyst Price Target Analysts have raised their price target on ASE Technology to NT$260 from NT$150, reflecting increased confidence that TSMC's cautious Chip on Wafer capacity expansion will steer more AI chip customers toward ASE as a key secondary supplier. Analyst Commentary Bullish analysts highlight that the upgraded price target to NT$260, from NT$150, reflects a reassessment of ASE Technology's earnings power as it captures incremental AI-related packaging demand.Narrative Update • Dec 11
ASX Will Gain From Second Source Role Amid Measured CoW Expansion
Analysts have raised their price target on ASE Technology to NT$260 from NT$150, citing expectations that TSMC's measured CoW capacity expansion will lead more AI chip customers to seek ASE as a key secondary supplier. Analyst Commentary Bullish analysts view the raised price target as a reflection of ASE Technology's strengthened medium term growth outlook, underpinned by rising demand for advanced CoW packaging from AI chipmakers seeking diversification from TSMC.Narrative Update • Nov 27
ASX Will Benefit From Expanding Demand For Advanced Packaging Capacity
Analysts have raised their price target for ASE Technology (ASX) from NT$64.94 to NT$65.00, citing a more favorable industry outlook as increased demand from AI chipmakers encourages supplier diversification. Analyst Commentary Bullish Takeaways Bullish analysts are optimistic about ASE Technology's ability to capture meaningful share as increasing demand from AI chipmakers prompts a shift toward supplier diversification.Narrative Update • Nov 12
ASX Will Face Opportunity And Risk As AI Demand Drives Supplier Shifts
The analyst price target for ASX has been raised by NT$110 to NT$260, as analysts anticipate the company will benefit from increased AI chip demand and shifting supplier dynamics in the semiconductor sector. Analyst Commentary Recent analyst upgrades reflect growing optimism about ASX’s positioning within the evolving semiconductor sector.Narrative Update • Oct 29
Dividend Outlook And Digitization Will Drive Stronger Returns Moving Forward
Analysts have slightly reduced their price target for ASX, lowering the estimate from $66.51 to $65.16 to reflect modest adjustments in growth and profitability expectations. What's in the News ASX Limited announced an ordinary dividend of AUD 1.121 per share for the six months ending June 30, 2025.Analysis Article • Sep 29
Subdued Growth No Barrier To ASX Limited's (ASX:ASX) Price
With a median price-to-earnings (or "P/E") ratio of close to 21x in Australia, you could be forgiven for feeling...Narrative Update • Sep 04
Digitization And Modern Pricing Models Will Secure Future Advantage
As ASX’s revenue growth and net profit margin forecasts both remained essentially steady, analysts have left their consensus price target unchanged at A$66.51. What's in the News ASX Limited announced an ordinary dividend of AUD 1.121 per share for the six months ending June 30, 2025.
New Narrative • Feb 23
CHESS Modernization And Energy Market Expansion Will Boost Future Operations
ASX's technology modernization projects and transitional energy expansion could enhance operational efficiency and tap into growing markets for long-term revenue growth.Shareholder Returns
| ASX | AU Capital Markets | AU Market | |
|---|---|---|---|
| 7D | -24.6% | -1.4% | 2.5% |
| 1Y | -36.9% | -1.1% | 3.3% |
Return vs Industry: ASX underperformed the Australian Capital Markets industry which returned -1.1% over the past year.
Return vs Market: ASX underperformed the Australian Market which returned 3.3% over the past year.
Price Volatility
| ASX volatility | |
|---|---|
| ASX Average Weekly Movement | 6.2% |
| Capital Markets Industry Average Movement | 5.6% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in AU Market | 17.4% |
| 10% least volatile stocks in AU Market | 4.2% |
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 (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1987 | 1,354 | 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 regulated framework for entities to raise capital and source liquidity; 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, ETFs, and debt securities; and clearing of exchange-traded derivatives, and over-the-counter interest rate and equity derivatives.
ASX Limited Fundamentals Summary
| ASX fundamental statistics | |
|---|---|
| Market cap | AU$8.94b |
| Earnings (TTM) | AU$522.70m |
| Revenue (TTM) | AU$1.18b |
16.8x
P/E Ratio7.5x
P/S RatioIs ASX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ASX income statement (TTM) | |
|---|---|
| Revenue | AU$1.18b |
| Cost of Revenue | AU$85.00m |
| Gross Profit | AU$1.09b |
| Other Expenses | AU$570.50m |
| Earnings | AU$522.70m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 13, 2026
| Earnings per share (EPS) | 2.69 |
| Gross Margin | 92.79% |
| Net Profit Margin | 44.36% |
| Debt/Equity Ratio | 7.0% |
How did ASX perform over the long term?
See historical performance and comparisonDividends
4.9%
Current Dividend Yield79%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/28 15:54 |
| End of Day Share Price | 2026/05/28 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ASX Limited is covered by 27 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ACF Equity Research Limited |
| Andrew Adams | Barrenjoey Markets Pty Limited |
| Freya Kong | BofA Global Research |