ASX:NSX

Stock Analysis Report

Executive Summary

NSX Limited operates the National Stock Exchange of Australia Limited.

Snowflake

Fundamentals

Worrying balance sheet with weak fundamentals.

Share Price & News

How has NSX's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

NSX

2.9%

AU Capital Markets

1.0%

AU Market


1 Year Return

-20.0%

NSX

17.6%

AU Capital Markets

11.7%

AU Market

Return vs Industry: NSX underperformed the Australian Capital Markets industry which returned 17.6% over the past year.

Return vs Market: NSX underperformed the Australian Market which returned 11.7% over the past year.


Shareholder returns

NSXIndustryMarket
7 Day0%2.9%1.0%
30 Day-14.3%1.4%-0.2%
90 Day-14.3%1.5%0.3%
1 Year-20.0%-20.0%22.9%17.6%18.1%11.7%
3 Year-22.9%-35.7%87.5%62.4%37.4%19.0%
5 Year66.2%38.5%188.7%126.7%51.7%17.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is NSX undervalued compared to its fair value and its price relative to the market?

14.3x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate NSX's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate NSX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: NSX is unprofitable, so we can't compare its PE Ratio to the Capital Markets industry average.

PE vs Market: NSX is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: NSX is overvalued based on its PB Ratio (14.3x) compared to the AU Capital Markets industry average (1.9x).


Next Steps

Future Growth

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

6.5%

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 NSX 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 NSX performed over the past 5 years?

-28.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: NSX is unprofitable, and losses have increased over the past 5 years at a rate of -28.6% per year.

Accelerating Growth: Unable to compare NSX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NSX is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2.9%).


Return on Equity

High ROE: NSX has a negative Return on Equity (-131.76%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: NSX is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: NSX is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is NSX'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: NSX has a low level of unsold assets or inventory.

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


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: NSX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: NSX has less than a year of cash runway if free cash flow continues to reduce at historical rates of -23.1% each year


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is NSX's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.5%markettop25%5.6%industryaverage3.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate NSX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate NSX's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if NSX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NSX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NSX's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

What is the CEO of NSX's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Matthew Loughnan 0

0.3yrs

Tenure

0

Mr. Matthew Loughnan has been Interim Chief Executive Officer at National Stock Exchange of Australia Ltd. and NSX Limited since July 06, 2019. Mr. Loughnan is a senior executive with over 20 years' experi ...


Management Age and Tenure

1.8yrs

Average Tenure

Experienced Management: NSX's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

9.9yrs

Average Tenure

Experienced Board: NSX's board of directors are considered experienced (9.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyAU$899,99814 Oct 19
TIGA Trading Pty Ltd, Asset Management Arm
EntityCompany
Shares4,500,000
Max PriceAU$0.20
BuyAU$232,49918 Jun 19
Ann Bowering
EntityIndividual
Shares1,500,000
Max PriceAU$0.15
BuyAU$718,29804 Dec 18
Cross-Strait Common Development Fund Co., Ltd.
EntityCompany
Shares4,788,665
Max PriceAU$0.15
BuyAU$599,99724 Oct 18
Exchange Technology Investments Pty Ltd
EntityCompany
Shares4,000,000
Max PriceAU$0.15

Ownership Breakdown


Management Team

  • Scott Evans

    Company Secretary

    • Tenure: 13.6yrs
    • Compensation: AU$348.00k
  • Zoran Grujic (44yo)

    Head of Finance

    • Tenure: 2.8yrs
  • Andrew Musgrave

    Head of Business Development

    • Tenure: 0yrs
  • John Williams

    Head of Admissions

    • Tenure: 0yrs
  • Greg Fitzpatrick

    Head of Market Operations

    • Tenure: 1.8yrs
  • Yemi Oluwi

    Head of Technology

    • Tenure: 0.8yrs
  • Matthew Loughnan

    Interim Chief Executive Officer

    • Tenure: 0.3yrs

Board Members

  • Michael Cox (57yo)

    Independent Chairman

    • Tenure: 9.9yrs
    • Compensation: AU$88.00k
  • Tom Price

    Independent Non-Executive Director

    • Tenure: 9.9yrs
    • Compensation: AU$44.00k
  • Tony Shen

    Non-Executive Director

    • Tenure: 3.1yrs
    • Compensation: AU$44.00k

Company Information

NSX Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NSX Limited
  • Ticker: NSX
  • Exchange: ASX
  • Founded: 1937
  • Industry: Financial Exchanges and Data
  • Sector: Diversified Financials
  • Market Cap: AU$35.030m
  • Shares outstanding: 194.61m
  • Website: https://www.nsx.com.au

Location

  • NSX Limited
  • 1 Bligh Street
  • Level 3
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NSXASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 2005

Biography

NSX Limited operates the National Stock Exchange of Australia Limited. It provides a stock exchange facility for the listing of equity securities, corporate debt, and investment scheme units. The company i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 10:33
End of Day Share Price2019/09/16 00:00
Earnings2019/06/30
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.