ASX Full Year 2024 Earnings: In Line With Expectations

ASX (ASX:ASX) Full Year 2024 Results

Key Financial Results

• Revenue: AU$1.58b (up 13% from FY 2023).
• Net income: AU$474.2m (up 49% from FY 2023).
• Profit margin: 30% (up from 23% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: AU$2.45 (up from AU$1.64 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ASX Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is expected to decline by 9.0% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Australia are expected to grow by 4.8%.

Performance of the Australian Capital Markets industry.

The company's share price is broadly unchanged from a week ago.

Valuation

Our analysis of these results suggests ASX may be overvalued based on 6 important criteria we look at. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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