Ashley Services Group Ltd. (ASH) AI Stock Analysis

• Market Cap: AU$25.92M
• Dividend Yield: 5.78%
• Average Volume (3M): 42.90K
• Price to Earnings (P/E): 11.9
• Beta (1Y): -1.37
• Revenue Growth: -7.29%
• EPS Growth: 60.64%
• Country: AU
• Employees: 355
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): <0.01
• Shares Outstanding: 143,975,900
• 10 Day Avg. Volume: 60,613
• 30 Day Avg. Volume: 42,899
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 67 Neutral
• Price Target: AU$0.00 ▼(-100.00% Downside)

Ashley Services Group Ltd. has a stable financial position with strong cash flow generation, but faces challenges in profitability and revenue growth. The technical analysis indicates a neutral trend, while the valuation is attractive due to a fair P/E ratio and high dividend yield. The absence of earnings call and corporate events data limits further insights.

Ashley Services Group Ltd. Business Overview & Revenue Model

Company Description

Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia. It operates through two segments, Labor Hire and Training. The company offers white-collar recruitment services, including permanent, temporary, and contract placements through multi-specialist providers under Concept Recruitment Specialists brand name; and labor hire and workforce solutions under the Action Workforce, Concept Engineering, Concept Retail Solutions, CCL Labour, CCL Traffic, and Track Safety Australia brands. It also provides nationally accredited qualifications training and assessment services under the Ashley Institute of Training, Integracom, Australian Institute of Vocational Development, National Institute of Training, Tracmin, The Institution Company, and Concept GTO brands. The company was founded in 1968 and is headquartered in Sydney, Australia.

How the Company Makes Money

Ashley Services Group Ltd. makes money primarily through its staffing and recruitment services, where it charges client companies for providing temporary and permanent workforce solutions. The company earns revenue by placing skilled labor in various industries and receiving a fee based on the duration and type of employment. Additionally, Ashley Services generates income through its training division, which offers vocational education and training programs. These programs are often government-funded, providing a steady stream of revenue. Partnerships with industry leaders and government contracts further enhance the company's revenue streams by expanding its service offerings and client base.

Ashley Services Group Ltd. Financial Statement Overview

Summary

Ashley Services Group Ltd. demonstrates a stable financial position with operational efficiency but struggles with profitability and revenue growth. The balance sheet is solid with moderate leverage, while cash flow metrics indicate strong cash generation capabilities.

Income Statement

Ashley Services Group Ltd. shows a mixed performance in its income statement. The company has maintained a positive EBIT and EBITDA margin, indicating operational efficiency. However, the net profit margin is quite low, reflecting challenges in translating revenue into net income. The revenue growth rate has been negative recently, which is a concern for future revenue generation.

Balance Sheet

The balance sheet of Ashley Services Group Ltd. is relatively stable. The debt-to-equity ratio is moderate, suggesting a balanced approach to leveraging. Return on equity has decreased over time, indicating a decline in profitability from shareholders' investments. The equity ratio is healthy, showing a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth, which is a positive indicator of financial flexibility. The operating cash flow to net income ratio is improving, suggesting better cash generation from operations. However, the free cash flow to net income ratio indicates that a significant portion of net income is not being converted into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	515.94M	515.94M	556.54M	549.22M	449.78M	383.67M
Gross Profit	515.94M	515.94M	22.24M	31.24M	28.09M	22.46M
EBITDA	9.02M	9.29M	9.43M	20.53M	18.96M	15.50M
Net Income	2.17M	2.17M	1.35M	10.79M	11.31M	9.15M
Balance Sheet
Total Assets	86.58M	86.58M	90.12M	112.30M	81.88M	70.17M
Cash, Cash Equivalents and Short-Term Investments	146.00K	146.00K	158.00K	2.52M	2.25M	3.48M
Total Debt	14.46M	14.46M	15.61M	11.74M	8.83M	3.30M
Total Liabilities	55.45M	55.45M	59.67M	78.03M	50.34M	42.22M
Stockholders Equity	31.12M	31.12M	30.45M	33.84M	31.55M	28.01M
Cash Flow
Free Cash Flow	8.11M	8.00M	787.00K	19.49M	4.98M	4.63M
Operating Cash Flow	8.87M	8.87M	3.53M	22.80M	6.70M	5.42M
Investing Cash Flow	-4.68M	-4.68M	-3.79M	-14.68M	-2.79M	-3.18M
Financing Cash Flow	-4.21M	-4.21M	-2.13M	-7.33M	-5.14M	-7.33M

Ashley Services Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASH, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and above the 200-day MA of 0.18, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 57.37 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ASH.

Ashley Services Group Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIT	74 Outperform	AU$77.20M	12.09	―	5.48%	6.72%	5.68%
ASH	67 Neutral	AU$25.92M	11.92	7.05%	5.78%	-7.29%	60.64%
WWG	57 Neutral	AU$37.59M	8.40	―	4.55%	66.80%	625.00%
PPE	51 Neutral	AU$88.92M	-6.75	-8.65%	―	-6.45%	-364.91%
HMI	46 Neutral	AU$6.35M	-5.19	―	―	-0.80%	-6.58%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Ashley Services Group Ltd. Corporate Events

Ashley Services Group Director Increases Shareholding

Ashley Services Group Limited announced a change in the director’s interest, with Paul Brittain’s indirect interest in the company’s securities increasing by 100,000 ordinary shares. This change, resulting from an on-market trade, reflects a potential increase in confidence or strategic positioning by the director, which could impact stakeholder perceptions and the company’s market stance.

Ashley Services Group Releases Corporate Governance Statement for FY2025

Ashley Services Group Limited has released its corporate governance statement for the financial year ending June 30, 2025. The statement, which is available on the company’s website, outlines the extent to which the company has adhered to the ASX Corporate Governance Council’s recommendations. This disclosure is part of the company’s compliance with ASX listing rules, ensuring transparency and accountability in its governance practices.

Ashley Services Group Reports Increased Profit Amid Revenue Decline

Ashley Services Group Ltd. reported a statutory after-tax profit of $2.17 million for the fiscal year 2025, marking a 60.9% increase from the previous year, despite a 7.3% decline in revenue to $515.9 million. The company is focusing on debt reduction and strengthening its balance sheet to support future growth, although it will not declare a final dividend for FY25. The Labour Hire division faced revenue declines due to project completions and industrial challenges in Victoria, while the Training division saw reduced revenues due to funding constraints and decreased demand in telecommunications training.

Ashley Services Group Projects EBITDA Amidst Victorian Market Challenges

Ashley Services Group Ltd. announced its expected EBITDA for FY25 to be between $8.5 million and $8.8 million, impacted by delays in new work and reduced government funding in Victoria. Despite these challenges, the company secured significant project work in its Victorian construction-related businesses, expecting a return to historical revenue levels by FY26. The company generated $1.3 million in free cash flow, reducing net debt to $11.2 million, and decided not to pay a final dividend for FY25 to focus on debt reduction and future growth.