Stock Analysis

ASX Full Year 2024 Earnings: In Line With Expectations

Published
ASX:ASX

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).
ASX:ASX Earnings and Revenue Growth August 19th 2024

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.