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ASX (ASX) Share Price & Analysis
ASX Stock Chart & Stats
- Day’s Range
- AUD 65.98 - AUD 66.89
- 52-Week Range
- AUD 44.30 - AUD 67.28
- Previous Close
- AUD 66.12
- Volume
- N/A
- Average Volume (3M)
- 728.42K
- Market Cap
- AUD 13.04B
- Enterprise Value
- AUD 9.40B
- Total Cash (Recent Filing)
- AUD 10.65B
- Total Debt (Recent Filing)
- AUD 9.65B
- Price to Earnings (P/E)
- 26.6
- Beta
- 0.57
- Next Earnings
- Feb 18, 2027 (Est.)
- EPS Estimate
- 1.38
- Last Dividend Ex-Date
- Aug 21, 2026
- Dividend Yield
- 3.12%
Bulls Say, Bears Say
Bulls Say
Revenue Growth And Margins
Strong revenue growth combined with structurally high gross and operating margins indicates that ASX is converting expanding market activity and services demand into substantial operating earnings. This supports ongoing investment in infrastructure while preserving a durable earnings base over the next several quarters.
Listings Momentum
Robust new-issuer activity strengthens ASX’s role as Australia’s primary capital-raising venue and expands its recurring issuer-services base. A larger listed-company ecosystem can support future trading, settlement, registry and market-data revenues beyond the initial listing event.
Technology And Governance Progress
Delivery of a major CHESS milestone and implementation of independent clearing and settlement boards address important infrastructure and governance priorities. Progress on these foundational systems can reinforce market confidence and support ASX’s long-term position as critical national infrastructure.
Bears Say
Volatile Cash Generation
The latest deterioration in operating and free cash flow weakens confidence that reported earnings will consistently convert into distributable or reinvestable cash. Large historical swings also make funding technology programs and sustaining dividends more dependent on balance-sheet capacity and timing.
Higher Leverage
The sharp step-up in leverage reduces financial flexibility compared with ASX’s prior balance-sheet profile and increases sensitivity to refinancing and funding conditions. Greater debt obligations may constrain capital allocation while the group continues to meet regulatory and infrastructure requirements.
Expense And Capital Intensity
Elevated expense growth, depreciation and multi-year capital expenditure are likely to keep pressure on margins and cash generation while technology modernisation continues. Although these investments may support resilience, the near-term cost base reduces operating leverage and limits earnings conversion.
ASX News
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ASX Stock Smart Score
Company Description
ASX
ASX Limited operates as a comprehensive, integrated exchange entity, managing diverse asset classes both within Australia and across global markets. The company facilitates marketplaces for various types of assets, such as shares, bonds, raw materials, and energy products. Its extensive service offerings encompass managing listings, enabling transactions, clearing and settling trades, maintaining registries, delivering technical and informational support, and a spectrum of other post-trade operations. Additionally, it provides exchange services for securities and derivatives, alongside supporting ancillary functions, and critical central counterparty clearing. ASX is further engaged in depository and settlement functions, including the delivery-versus-payment clearing of financial instruments. It also supplies valuable data and technological solutions to a range of stakeholders, including financial intermediaries, banks, data providers, and software developers. These services empower clients to make informed decisions, deliver offerings to their own customers, and foster interconnections within the financial ecosystem. Established in 1987, the firm's headquarters are located in Sydney, Australia.
- Sector
- Financial
- Industry
- Financial - Data & Stock Exchanges
- CEO
- Anthony Attia
- Employees
- 1,453
- Website
- www.asx.com.au
- Address
- 39 Martin Place, Sydney, NSW, 2000, AU
ASX (ASX) Earnings & Revenues
ASX Company Deck
ASX Earnings Call
Earnings Call SentimentNeutral
The call presented a balanced picture: strong top-line performance, cross-business revenue growth, successful delivery of key technology milestones (notably CHESS Release 1), significant listings momentum and early FY'27 market strength. Offsetting these positives are substantial and continuing expense increases (driven by technology modernisation, Accelerate remediation and licence/consultancy costs), statutory profit impacts from significant items, a credit rating downgrade and capital accumulation requirements tied to regulatory commitments. Management has set clear FY'27 guidance (higher expense and capex ranges), reset governance and outlined multi-year transformation priorities, but near-term margin and capital pressures remain material.
View all AU:ASX earnings summariesASX Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 3 | 5 |
| Technical Analysis | 2 | 3 | 5 |
| Moving Averages | 12 | 0 | 0 |
