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Ashley Services Group Ltd.
(Sydney:ASH)
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Rating:68Neutral
Price Target:
AU$0.34
▲(27.04% Upside)
Action:Reiterated
Date:08/30/26
The score is primarily held back by uneven financial performance, with compressed margins versus prior peaks and weaker free cash flow growth despite positive cash generation. Offsetting that, the balance sheet is relatively sound with improving leverage, while technicals show an established uptrend and valuation is supported by a moderate P/E and solid dividend yield.
Positive Factors
Long-term Revenue Growth
Revenue growth over the longer run and renewed growth in 2026 indicate continued demand for outsourced labour, supporting scale across staffing and managed workforce services. However, the uneven path means execution and client demand remain important.
Negative Factors
Compressed Profit Margins
Material margin compression shows weaker pricing, efficiency, or cost absorption than at prior peaks. Because staffing is a relatively low-margin business, sustained pressure could limit earnings growth even when revenue expands.
Read all positive and negative factors
Positive Factors
Negative Factors
Long-term Revenue Growth
Revenue growth over the longer run and renewed growth in 2026 indicate continued demand for outsourced labour, supporting scale across staffing and managed workforce services. However, the uneven path means execution and client demand remain important.
Read all positive factors
Ashley Services Group Ltd. (ASH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$41.60M
Dividend Yield8.5%
Average Volume (3M)59.09K
Price to Earnings (P/E)6.5
Beta (1Y)-0.03
Revenue Growth16.72%
EPS Growth186.09%
CountryAU
Employees288
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.04
Shares Outstanding148,575,900
10 Day Avg. Volume120,802
30 Day Avg. Volume59,085
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.15
Price to Sales (P/S)0.07
P/FCF Ratio6.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ashley Services Group Ltd. Business Overview & Revenue Model
Company Description
Ashley Services Group Limited is an Australian company that delivers a range of staffing, recruitment, and vocational training services. The firm's operations are organized into two primary divisions: Labor Hire and Training. It offers professiona...
How the Company Makes Money
ASH makes money primarily by supplying labour to client businesses and charging fees linked to those workers’ time and employment costs. Key revenue streams typically include: (1) labour-hire/temporary staffing revenue, where ASH bills clients an ...
Ashley Services Group Ltd. Financial Statement Overview
Summary
Income Statement
61
Positive
Balance Sheet
73
Positive
Cash Flow
52
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 602.20M | 515.94M | 556.54M | 549.22M | 449.78M |
| Gross Profit | 0.00 | 515.94M | 22.24M | 31.24M | 28.09M |
| EBITDA | 15.33M | 9.29M | 9.24M | 20.53M | 18.96M |
| Net Income | 6.29M | 2.17M | 1.35M | 10.79M | 11.31M |
Balance Sheet | |||||
| Total Assets | 91.87M | 86.58M | 90.12M | 112.30M | 81.88M |
| Cash, Cash Equivalents and Short-Term Investments | 108.00K | 146.00K | 158.00K | 2.52M | 2.25M |
| Total Debt | 12.28M | 14.46M | 15.61M | 11.74M | 8.83M |
| Total Liabilities | 56.33M | 55.45M | 59.67M | 78.03M | 50.34M |
| Stockholders Equity | 35.54M | 31.12M | 30.45M | 33.84M | 31.55M |
Cash Flow | |||||
| Free Cash Flow | 6.29M | 8.00M | 787.00K | 19.49M | 4.98M |
| Operating Cash Flow | 7.17M | 8.87M | 3.53M | 22.80M | 6.70M |
| Investing Cash Flow | -1.04M | -4.68M | -3.79M | -14.68M | -2.79M |
| Financing Cash Flow | -6.14M | -4.21M | -2.13M | -7.33M | -5.14M |
Ashley Services Group Ltd. Technical Analysis
Positive
0.27
Price Trends
0.27
Positive
0.24
Positive
0.22
Positive
Market Momentum
<0.01
Negative
61.64
Neutral
27.78
Neutral
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 0.27 is above the 20-day moving average (MA) of 0.27, above the 50-day MA of 0.27, and above the 200-day MA of 0.22, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 61.64 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$1.59B | 17.69 | 29.94% | 4.90% | 10.49% | 5.31% | |
68 Neutral | AU$41.60M | 6.50 | 17.94% | 8.50% | 16.72% | 186.09% | |
67 Neutral | AU$4.94B | -13.32 | -16.48% | 3.79% | 17.06% | -251.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | AU$1.40B | 13.17 | 88.76% | 6.63% | 7.71% | 11.40% | |
50 Neutral | AU$8.22M | -12.19 | -39.38% | ― | 8.65% | 55.56% | |
49 Neutral | AU$65.12M | -6.78 | -8.44% | 9.71% | -28.17% | 27.32% |
* Industrials Sector Average
AU:ASH
Ashley Services Group Ltd.
0.30
0.15
100.00%
AU:MMS
Mcmillan Shakespeare Limited
20.12
2.43
13.72%
AU:SEK
Seek Limited
13.71
-12.42
-47.52%
AU:SIQ
Smartgroup Corporation Ltd
11.43
3.09
37.03%
AU:HMI
Hiremii Ltd.
0.04
-0.01
-22.00%
AU:PPE
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0.56
-0.16
-22.92%
Ashley Services Group Ltd. Corporate Events
Ashley Services Group lodges 2026 corporate governance statement with ASX
Aug 27, 2026
Ashley Services Group Limited has confirmed that its corporate governance statement for the financial year ended 30 June 2026 is available on its website, in line with ASX Listing Rule requirements. The statement, current as of 27 August 2026 and ...
Ashley Services Group Delivers Record FY26 Revenue and Strong Profit Growth
Aug 27, 2026
Ashley Services Group reported record FY26 revenue of $602.2 million, reflecting robust demand across its labour hire and training operations. The Labour Hire division remained the main profit driver, while the Training division delivered strong g...
Ashley Services Group Profit Surges on Labour Hire and Training Gains
Aug 27, 2026
Ashley Services Group has reported a strong FY26 performance, underpinned by its labour hire and training operations across key sectors such as supply chain, retail, horticulture, construction and rail. Revenue rose to $602.2 million, with earning...
Ashley Services Group to Acquire Major Logistics Labour Hire Contracts
Jun 25, 2026
Ashley Services Group, through its subsidiary Action Workforce, has agreed to acquire the external labour hire customer contracts, relationships and associated workforce of a major logistics company. The targeted customer base generated $162 milli...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.