ASX Limited

CHIA:ASX Stock Report

Market Cap: AU$12.8b

ASX Valuation

Is ASX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: ASX (A$66.08) is trading above our estimate of fair value (A$51.87)

Significantly Below Fair Value: ASX is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASX?

Key metric: As ASX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASX. This is calculated by dividing ASX's market cap by their current earnings.
What is ASX's PE Ratio?
PE Ratio27x
EarningsAU$474.20m
Market CapAU$12.80b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.4x
AFI Australian Foundation Investment
31.3xn/aAU$9.3b
NWL Netwealth Group
84.6x16.5%AU$7.1b
GQG GQG Partners
10.9x9.7%AU$6.1b
ARG Argo Investments
27xn/aAU$6.8b
ASX ASX
27x4.0%AU$12.8b

Price-To-Earnings vs Peers: ASX is good value based on its Price-To-Earnings Ratio (27x) compared to the peer average (38.4x).

Price to Earnings Ratio vs Industry

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

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BPH BPH Energy
2.9xn/aUS$8.35m
KBC Keybridge Capital
1.4xn/aUS$6.46m
OEQ Orion Equities
0.8xn/aUS$1.46m
PEQA Pritchard Equity
2.7xn/aUS$861.02k
ASX 27.0xIndustry Avg. 20.6xNo. of Companies7PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASX is expensive based on its Price-To-Earnings Ratio (27x) compared to the Australian Capital Markets industry average (20.6x).

Price to Earnings Ratio vs Fair Ratio

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 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27x
Fair PE Ratio19.9x

Price-To-Earnings vs Fair Ratio: ASX is expensive based on its Price-To-Earnings Ratio (27x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).

Analyst Price Targets

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

The above table shows the analyst ASX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$66.08
AU$63.26
-4.3%
6.4%AU$75.00AU$58.00n/a13
Dec ’25AU$66.14
AU$62.86
-5.0%
6.3%AU$75.00AU$58.00n/a13
Nov ’25AU$63.94
AU$62.19
-2.7%
6.7%AU$75.00AU$57.00n/a13
Oct ’25AU$63.00
AU$61.35
-2.6%
6.9%AU$75.00AU$57.00n/a14
Sep ’25AU$61.22
AU$61.35
+0.2%
6.9%AU$75.00AU$57.00n/a14
Aug ’25AU$64.96
AU$60.67
-6.6%
7.6%AU$75.00AU$54.65n/a14
Jul ’25AU$59.62
AU$60.41
+1.3%
7.9%AU$75.00AU$54.65n/a14
Jun ’25AU$62.61
AU$62.86
+0.4%
8.4%AU$75.00AU$53.50n/a14
May ’25AU$62.99
AU$63.06
+0.1%
8.6%AU$75.00AU$53.50n/a13
Apr ’25AU$66.56
AU$62.81
-5.6%
8.8%AU$75.00AU$53.50n/a13
Mar ’25AU$64.96
AU$62.80
-3.3%
8.8%AU$75.00AU$53.50n/a13
Feb ’25AU$64.39
AU$62.07
-3.6%
7.8%AU$72.50AU$53.50n/a12
Jan ’25AU$62.95
AU$60.64
-3.7%
8.9%AU$72.50AU$53.00n/a12
Dec ’24AU$57.99
AU$60.74
+4.7%
8.6%AU$72.50AU$53.00AU$66.1413
Nov ’24AU$56.65
AU$60.90
+7.5%
8.1%AU$72.50AU$53.50AU$63.9413
Oct ’24AU$57.04
AU$61.98
+8.7%
7.5%AU$72.50AU$53.50AU$63.0013
Sep ’24AU$57.50
AU$62.17
+8.1%
6.8%AU$72.50AU$53.50AU$61.2214
Aug ’24AU$62.36
AU$63.53
+1.9%
7.0%AU$75.00AU$55.55AU$64.9614
Jul ’24AU$62.89
AU$64.24
+2.2%
6.1%AU$75.00AU$58.00AU$59.6214
Jun ’24AU$68.02
AU$69.70
+2.5%
4.7%AU$75.00AU$62.11AU$62.6113
May ’24AU$68.46
AU$69.79
+1.9%
3.4%AU$73.40AU$66.00AU$62.9912
Apr ’24AU$65.00
AU$69.62
+7.1%
3.8%AU$75.50AU$66.00AU$66.5613
Mar ’24AU$67.64
AU$70.68
+4.5%
4.9%AU$79.36AU$66.00AU$64.9614
Feb ’24AU$68.59
AU$71.12
+3.7%
5.1%AU$79.36AU$65.20AU$64.3914
Jan ’24AU$68.02
AU$73.01
+7.3%
7.1%AU$83.40AU$66.00AU$62.9514
Dec ’23AU$70.70
AU$73.52
+4.0%
7.3%AU$83.40AU$66.00AU$57.9913

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 19:53
End of Day Share Price 2024/12/24 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

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 .

Analyst Sources

ASX Limited is covered by 31 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.

AnalystInstitution
null nullACF Equity Research Limited
Brett Le MesurierAxiome Equities
Andrew AdamsBarrenjoey Markets Pty Limited