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ASOS

AIM:ASC
Snowflake Description

Reasonable growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASC
AIM
£3B
Market Cap
  1. Home
  2. GB
  3. Retail
Company description

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The last earnings update was 7 days ago. More info.


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  • ASOS has significant price volatility in the past 3 months.
ASC Share Price and Events
7 Day Returns
14.5%
AIM:ASC
3.7%
GB Online Retail
1.1%
GB Market
1 Year Returns
-36.8%
AIM:ASC
17.2%
GB Online Retail
2.7%
GB Market
ASC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ASOS (ASC) 14.5% 21% 35% -36.8% 2.7% -17.4%
GB Online Retail 3.7% 13% 28.8% 17.2% 81.1% 69.4%
GB Market 1.1% 3.1% 8.5% 2.7% 14.1% 5.7%
1 Year Return vs Industry and Market
  • ASC underperformed the Online Retail industry which returned 17.2% over the past year.
  • ASC underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.7% over the past year.
Price Volatility
ASC
Industry
5yr Volatility vs Market

ASC Value

 Is ASOS undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ASOS to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ASOS.

AIM:ASC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 25 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for AIM:ASC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.7
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.7 (1 + (1- 19%) (1.84%))
1.486
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.49
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.486 * 6.65%)
11.11%

Discounted Cash Flow Calculation for AIM:ASC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ASOS is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:ASC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 11.11%)
2019 -94.58 Analyst x8 -85.12
2020 24.57 Analyst x10 19.90
2021 73.10 Analyst x9 53.29
2022 124.26 Est @ 69.98% 81.53
2023 185.58 Est @ 49.35% 109.59
2024 250.37 Est @ 34.91% 133.07
2025 312.49 Est @ 24.81% 149.47
2026 367.90 Est @ 17.73% 158.38
2027 414.93 Est @ 12.78% 160.76
2028 453.58 Est @ 9.32% 158.17
Present value of next 10 years cash flows £939.05
AIM:ASC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £453.58 × (1 + 1.23%) ÷ (11.11% – 1.23%)
£4,645.72
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £4,645.72 ÷ (1 + 11.11%)10
£1,620.01
AIM:ASC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £939.05 + £1,620.01
£2,559.05
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £2,559.05 / 83.83
£30.53
AIM:ASC Discount to Share Price
Calculation Result
Value per share (GBP) From above. £30.53
Current discount Discount to share price of £38.89
= -1 x (£38.89 - £30.53) / £30.53
-27.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ASOS is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ASOS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ASOS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:ASC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in GBP £0.73
AIM:ASC Share Price ** AIM (2019-04-17) in GBP £38.89
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PE Ratio Median Figure of 9 Publicly-Listed Online Retail Companies 40.59x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 795 Publicly-Listed Companies 16.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ASOS.

AIM:ASC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:ASC Share Price ÷ EPS (both in GBP)

= 38.89 ÷ 0.73

53.28x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASOS is overvalued based on earnings compared to the GB Online Retail industry average.
  • ASOS is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does ASOS's expected growth come at a high price?
Raw Data
AIM:ASC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 53.28x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts
36.1%per year
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PEG Ratio Median Figure of 7 Publicly-Listed Online Retail Companies 1.83x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

AIM:ASC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 53.28x ÷ 36.1%

1.48x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASOS is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ASOS's assets?
Raw Data
AIM:ASC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in GBP £5.66
AIM:ASC Share Price * AIM (2019-04-17) in GBP £38.89
United Kingdom of Great Britain and Northern Ireland Online Retail Industry PB Ratio Median Figure of 17 Publicly-Listed Online Retail Companies 4.33x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,365 Publicly-Listed Companies 1.52x
AIM:ASC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:ASC Share Price ÷ Book Value per Share (both in GBP)

= 38.89 ÷ 5.66

6.87x

* Primary Listing of ASOS.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ASOS is overvalued based on assets compared to the GB Online Retail industry average.
X
Value checks
We assess ASOS's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. ASOS has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ASC Future Performance

 How is ASOS expected to perform in the next 1 to 3 years based on estimates from 25 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ASOS expected to grow at an attractive rate?
  • ASOS's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • ASOS's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • ASOS's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:ASC Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:ASC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts 36.1%
AIM:ASC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts 14.4%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 32%
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 12.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11.1%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
AIM:ASC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 25 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:ASC Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-08-31 5,017 396 3
2022-08-31 4,273 333 4
2021-08-31 3,783 245 97 23
2020-08-31 3,248 193 69 25
2019-08-31 2,784 119 45 24
AIM:ASC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-02-28 2,574 162 61
2018-11-30 2,496 128 72
2018-08-31 2,417 94 82
2018-05-31 2,294 85 75
2018-02-28 2,170 76 67
2017-11-30 2,047 111 65
2017-08-31 1,924 146 64
2017-05-31 1,808 136 51
2017-02-28 1,693 125 38
2016-11-30 1,569 128 36
2016-08-31 1,445 131 35

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ASOS's earnings are expected to grow significantly at over 20% yearly.
  • ASOS's revenue is expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
AIM:ASC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 25 Analyst Estimates (S&P Global) See Below

All data from ASOS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ASC Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-08-31 1.70 1.70 1.70 1.00
2022-08-31 1.43 1.44 1.41 2.00
2021-08-31 1.15 1.58 0.78 14.00
2020-08-31 0.82 1.06 0.57 16.00
2019-08-31 0.52 0.59 0.32 16.00
AIM:ASC Past Financials Data
Date (Data in GBP Millions) EPS *
2019-02-28 0.73
2018-11-30 0.86
2018-08-31 0.99
2018-05-31 0.90
2018-02-28 0.80
2017-11-30 0.79
2017-08-31 0.77
2017-05-31 0.61
2017-02-28 0.45
2016-11-30 0.44
2016-08-31 0.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • ASOS is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess ASOS's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ASOS has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ASC Past Performance

  How has ASOS performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ASOS's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ASOS's year on year earnings growth rate has been positive over the past 5 years.
  • ASOS's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • ASOS's 1-year earnings growth is negative, it can't be compared to the GB Online Retail industry average.
Earnings and Revenue History
ASOS's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ASOS Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:ASC Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 2,573.70 60.90 1,230.90
2018-11-30 2,495.50 71.65 1,183.05
2018-08-31 2,417.30 82.40 1,135.20
2018-05-31 2,293.75 74.55 1,070.30
2018-02-28 2,170.20 66.70 1,005.40
2017-11-30 2,046.90 65.40 942.05
2017-08-31 1,923.60 64.10 878.70
2017-05-31 1,808.45 50.90 825.30
2017-02-28 1,693.30 37.70 771.90
2016-11-30 1,569.10 36.20 715.55
2016-08-31 1,444.90 34.70 659.20
2016-02-29 1,255.60 45.30 568.90
2015-11-30 1,199.30 43.15 545.50
2015-08-31 1,143.00 41.00 522.10
2015-05-31 1,097.53 36.52 500.35
2015-02-28 1,044.24 36.14 471.81
2014-11-30 1,009.86 36.55 456.61
2014-08-31 975.47 36.95 441.41
2014-05-31 933.43 36.96 427.35
2014-02-28 891.39 36.97 413.30
2013-11-30 830.39 38.95 378.71
2013-08-31 769.40 40.93 344.13
2013-02-28 661.06 27.26 296.84
2012-11-30 616.16 25.52 276.57
2012-08-31 571.26 23.77 256.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ASOS has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ASOS used its assets less efficiently than the GB Online Retail industry average last year based on Return on Assets.
  • ASOS's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess ASOS's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ASOS has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ASC Health

 How is ASOS's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ASOS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ASOS's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • ASOS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ASOS's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ASOS Company Filings, last reported 1 month ago.

AIM:ASC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 473.00 60.00 22.10
2018-11-30 473.00 60.00 22.10
2018-08-31 438.80 0.00 42.70
2018-05-31 438.80 0.00 42.70
2018-02-28 374.00 0.00 37.70
2017-11-30 374.00 0.00 37.70
2017-08-31 287.10 0.00 160.30
2017-05-31 287.10 0.00 160.30
2017-02-28 247.80 0.00 154.30
2016-11-30 247.80 0.00 154.30
2016-08-31 200.40 0.00 173.30
2016-02-29 219.20 0.00 135.90
2015-11-30 219.20 0.00 135.90
2015-08-31 237.30 0.00 119.20
2015-05-31 237.32 0.00 119.19
2015-02-28 218.65 0.00 64.89
2014-11-30 218.65 0.00 64.89
2014-08-31 193.03 0.00 74.34
2014-05-31 193.03 0.00 74.34
2014-02-28 173.41 0.00 36.91
2013-11-30 173.41 0.00 36.91
2013-08-31 159.80 0.00 71.14
2013-02-28 128.97 0.00 45.22
2012-11-30 128.97 0.00 45.22
2012-08-31 105.99 0.00 27.88
  • ASOS's level of debt (12.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 12.7% today).
  • Debt is well covered by operating cash flow (270%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 127.8x coverage).
X
Financial health checks
We assess ASOS's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ASOS has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ASC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ASOS dividends. Estimated to be 0% next year.
If you bought £2,000 of ASOS shares you are expected to receive £0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ASOS's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ASOS's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
AIM:ASC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 25 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 3.9%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

AIM:ASC Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-08-31
2022-08-31
2021-08-31 0.00 8.00
2020-08-31 0.00 9.00
2019-08-31 0.00 10.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ASOS has not reported any payouts.
  • Unable to verify if ASOS's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ASOS's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ASOS has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of ASOS's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess ASOS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ASOS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ASOS has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ASC Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nick Beighton
COMPENSATION £2,904,614
AGE 49
TENURE AS CEO 3.6 years
CEO Bio

Mr. Nicholas Beighton, also known as Nick, has been the Chief Executive Officer of ASOS plc since September 2, 2015 and also serves as its Member of Executive Board. Mr. Beighton served as the Chief Operating Officer of ASOS plc since October 2014 until September 2, 2015. During his tenure, ASOS has grown both in the UK and around the world. Mr. Beighton served as the Chief Financial Officer of ASOS plc from April 27, 2009 to October 2014. Mr. Beighton served as Finance Director of ASOS plc since August 2005. He served as Company Secretary at ASOS plc from April 27, 2009 to April 27, 2012. He served as Group Finance Director of Luminar Group Holdings Plc from August 1, 2005 to March 2009. He worked out of the Manchester office worked in transaction services and served as Senior Manager within the Strategic Business Management Group, KPMG. Mr. Beighton served as the Head of Finance of Matalan Plc since 1999. He then served as Business Change and IT Director before joining Matalan’s retail Board in 2003. Mr. Beighton has been a Director of ASOS plc since April 27, 2009. He serves as a Non-Executive Director of The 3D Entertainment Group Ltd. and Choir IT Ltd. He served as an Executive Director of Luminar since August 2005. He is a Trustee of the ECHO Trust. He became a member of the EU eCommerce Task Force and the Future Fifty Programme Advisory Panel. Nick is also a member of the Retail Sector Council and is a trustee of the ASOS Foundation. He is qualified as a Chartered Accountant with KPMG in Nottingham.

CEO Compensation
  • Nick's compensation has been consistent with company performance over the past year.
  • Nick's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the ASOS management team in years:

4
Average Tenure
  • The tenure for the ASOS management team is about average.
Management Team

Nick Beighton

TITLE
CEO, Member of Executive Board & Director
COMPENSATION
£3M
AGE
49
TENURE
3.6 yrs

Nick Robertson

TITLE
Co-Founder & Non-Executive Director
COMPENSATION
£55K
TENURE
19.3 yrs

Andrew Magowan

TITLE
General Counsel

Mark Holland

TITLE
COO & Member of Executive Board
TENURE
0.3 yrs

Terri Westlake

TITLE
Member of Executive Board

Cliff Cohen

TITLE
Chief Information Officer
TENURE
3.9 yrs

Greg Feehely

TITLE
Director of Investor Relations
TENURE
4 yrs

Peter Collyer

TITLE
People Experience Director
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the ASOS board of directors in years:

5
Average Tenure
56
Average Age
  • The tenure for the ASOS board of directors is about average.
Board of Directors

Adam Crozier

TITLE
Non-Executive Chairman
AGE
54
TENURE
0.4 yrs

Nick Beighton

TITLE
CEO, Member of Executive Board & Director
COMPENSATION
£3M
AGE
49
TENURE
10 yrs

Nick Robertson

TITLE
Co-Founder & Non-Executive Director
COMPENSATION
£55K
TENURE
3.6 yrs

Ian Dyson

TITLE
Senior Independent & Non-Executive Director
COMPENSATION
£70K
AGE
56
TENURE
5.5 yrs

Hilary Riva

TITLE
Independent Non-executive Director
COMPENSATION
£65K
AGE
60
TENURE
5 yrs

Rita Clifton

TITLE
Independent Non-executive Director
COMPENSATION
£55K
AGE
60
TENURE
5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
19. Dec 18 Buy Hilary Riva Individual 18. Dec 18 18. Dec 18 557 £26.90 £14,983
01. May 18 Sell Helen Ashton Individual 27. Apr 18 27. Apr 18 -1 £60.04 £-60
X
Management checks
We assess ASOS's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ASOS has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ASC News

Simply Wall St News

Will ASOS Plc's (LON:ASC) Earnings Grow In The Next Couple Of Years?

In August 2018, ASOS Plc (LON:ASC) released its most recent earnings announcement, whicha … showed … business

Simply Wall St -

Does ASOS Plc's (LON:ASC) CEO Pay Compare Well With Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, ASOS Plc has a market capitalization of UK£2.6b, and pays its CEO total annual compensation worth UK£2.9m. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at UK£565k

Simply Wall St -

Introducing ASOS (LON:ASC), The Stock That Slid 62% In The Last Year

Investing in stocks comes with the risk that the share price will fall. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During the unfortunate twelve months during which the ASOS share price fell, it actually saw its earnings per share (EPS) improve by 28%.

Simply Wall St -

ASOS Plc (LON:ASC): The Yield That Matters The Most

What is left after investment, determines the value of the stock since this cash flow technically belongs to investors of the company. … I will take you through ASOS’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash ASOS has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.

Simply Wall St -

Does ASOS Plc's (LON:ASC) Recent Track Record Look Strong?

For investors with a long-term horizon, examining earnings trend over time and against industry peers is more insightful than looking at an earnings announcement in one point in time. … Did ASC's recent earnings growth beat the long-term trend and the industry. … Furthermore, this one-year growth rate has exceeded its 5-year annual growth average of 15%, indicating the rate at which ASC is growing has accelerated

Simply Wall St -

Don't Sell ASOS Plc (LON:ASC) Before You Read This

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at ASOS Plc's (LON:ASC) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

ASOS Plc (LON:ASC) Earns A Nice Return On Capital Employed

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Is ASOS Plc's (LON:ASC) Future Growth Already Accounted For In Today's Price?

Looking at ASOS Plc’s (LON:ASC) fundamentals some investors are wondering if its last closing price of £23.7 represents a good value for money for this high growth stock. … Check out our latest analysis for ASOS? … Investors in ASOS have been patiently waiting for the uptick in earnings.

Simply Wall St -

How Do Analysts See ASOS Plc (LON:ASC) Performing In The Years Ahead?

In August 2018, ASOS Plc (LON:ASC) released its most recent earnings announcement, whicha … suggested … company

Simply Wall St -

Is ASOS Plc (LON:ASC) A Financially Strong Company?

Today we will look at ASC’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Don’t forget that this is a general and concentrated examination of ASOS's financial health, so you should conduct further analysis. … See our latest analysis for ASOS

Simply Wall St -

ASC Company Info

Description

ASOS Plc, together with its subsidiaries, operates as an online fashion retailer in the United Kingdom, the United States, Australia, France, Germany, Spain, Italy, Sweden, the Netherlands, and Russia. The company offers womenswear, menswear, and sportswear products. It sells approximately 85,000 branded and ASOS brand products primarily through its Website, asos.com, as well as through social media platforms and magazines. The company is also involved in marketing staff employment and payment processing businesses. ASOS Plc was founded in 2000 and is headquartered in London, the United Kingdom.

Details
Name: ASOS Plc
ASC
Exchange: AIM
Founded: 2000
£3,260,199,840
83,831,315
Website: http://www.asosplc.com
Address: ASOS Plc
Greater London House,
Hampstead Road,
London,
Greater London, NW1 7FB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM ASC Ordinary Shares London Stock Exchange AIM Market GB GBP 03. Oct 2001
OTCPK ASOM.F Ordinary Shares Pink Sheets LLC US USD 03. Oct 2001
DB DYQ Ordinary Shares Deutsche Boerse AG DE EUR 03. Oct 2001
BMV ASC N Ordinary Shares Bolsa Mexicana de Valores MX MXN 03. Oct 2001
OTCPK ASOM.Y UNSPONSORD ADR Pink Sheets LLC US USD 01. Jun 2010
Number of employees
Current staff
Staff numbers
4,767
ASOS employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/17 20:48
End of day share price update: 2019/04/17 00:00
Last estimates confirmation: 2019/04/16
Last earnings filing: 2019/04/10
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/08/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.