Financials ASX Limited

Equities

ASX

AU000000ASX7

Financial & Commodity Market Operators

Market Closed - Australian S.E. 02:11:00 2024-06-07 am EDT 5-day change 1st Jan Change
64.32 AUD +0.97% Intraday chart for ASX Limited +3.16% +2.00%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 15,946 16,529 15,044 15,817 12,195 12,470 - -
Enterprise Value (EV) 1 15,388 2,753 2,121 1,886 11,014 11,555 11,529 11,494
P/E ratio 32.4 x 33.1 x 31.3 x 31.1 x 38.4 x 26.3 x 25.2 x 23.8 x
Yield 2.78% 2.8% 2.88% 2.89% 3.62% 3.25% 3.37% 3.49%
Capitalization / Revenue 18.5 x 17.6 x 15.8 x 15.5 x 12.1 x 12 x 11.5 x 11 x
EV / Revenue 17.8 x 2.93 x 2.23 x 1.84 x 10.9 x 11.1 x 10.6 x 10.1 x
EV / EBITDA 23.7 x 3.92 x 3.05 x 2.55 x 16.4 x 17.9 x 17.1 x 16.3 x
EV / FCF 1,040 x 2.2 x 0.42 x 19.3 x -3.14 x 29.2 x 26.9 x 25.6 x
FCF Yield 0.1% 45.5% 235% 5.18% -31.8% 3.43% 3.72% 3.91%
Price to Book 4.07 x 4.44 x 4.03 x 4.16 x 3.35 x 3.37 x 3.3 x 3.23 x
Nbr of stocks (in thousands) 193,584 193,590 193,593 193,578 193,577 193,873 - -
Reference price 2 82.37 85.38 77.71 81.71 63.00 64.32 64.32 64.32
Announcement Date 8/14/19 8/19/20 8/18/21 8/17/22 8/16/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 863.8 938.4 951.5 1,023 1,010 1,041 1,087 1,135
EBITDA 1 649 702.7 694.7 739.5 672.5 646.6 675.2 703.9
EBIT 1 601.2 652.2 641.2 689.2 635.6 605.5 633.6 657.9
Operating Margin 69.6% 69.5% 67.39% 67.39% 62.92% 58.19% 58.31% 57.97%
Earnings before Tax (EBT) 1 705.1 720.8 687.9 730.3 447.2 679 710.8 744.1
Net income 1 492 498.6 480.9 508.5 317.3 471.8 490.2 523.2
Net margin 56.96% 53.13% 50.54% 49.72% 31.41% 45.35% 45.11% 46.11%
EPS 2 2.541 2.576 2.484 2.627 1.639 2.446 2.553 2.706
Free Cash Flow 1 14.8 1,253 4,994 97.6 -3,507 395.9 429.2 449.4
FCF margin 1.71% 133.54% 524.82% 9.54% -347.17% 38.05% 39.5% 39.61%
FCF Conversion (EBITDA) 2.28% 178.33% 718.83% 13.2% - 61.23% 63.56% 63.85%
FCF Conversion (Net income) 3.01% 251.32% 1,038.41% 19.19% - 83.91% 87.55% 85.89%
Dividend per Share 2 2.287 2.389 2.236 2.360 2.283 2.093 2.168 2.248
Announcement Date 8/14/19 8/19/20 8/18/21 8/17/22 8/16/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Juni 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 454.9 483.5 470.5 481 501.4 521.3 499.5 510.7 511.7 525.4 542.8 545.4 566.3 -
EBITDA 1 340.5 362.2 344.4 350.3 363.3 376.2 343 329.5 309.7 337.1 - - - -
EBIT 1 315.1 337.1 319.1 322.1 338.4 350.8 325.6 310 291 314.8 314.9 318.2 324.5 -
Operating Margin 69.27% 69.72% 67.82% 66.96% 67.49% 67.29% 65.19% 60.7% 56.87% 59.9% 58.01% 58.36% 57.29% -
Earnings before Tax (EBT) 1 359.2 361.6 345.8 342.1 360.1 370.2 106.3 - 330.4 357.4 358.4 362.2 365.2 375
Net income 1 250.4 248.2 241.8 239.1 250.3 258.2 73.7 243.6 230.5 237.5 - - - -
Net margin 55.05% 51.33% 51.39% 49.71% 49.92% 49.53% 14.75% 47.7% 45.05% 45.19% - - - -
EPS 2 1.293 1.283 1.249 1.235 1.293 1.334 0.3810 1.258 1.190 1.213 1.253 1.302 1.311 1.345
Dividend per Share 2 1.164 1.225 1.124 1.112 1.164 1.200 1.162 1.121 1.012 1.088 - - - -
Announcement Date 2/12/20 8/19/20 2/10/21 8/18/21 2/9/22 8/17/22 2/15/23 8/16/23 2/15/24 - - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: Juni 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 558 13,776 12,923 13,931 1,181 915 940 976
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 14.8 1,253 4,994 97.6 -3,507 396 429 449
ROE (net income / shareholders' equity) 12.8% 13.6% 12.9% 13.5% 13.4% 13% 13.3% 13.7%
ROA (Net income/ Total Assets) 3.48% 3.05% 2.83% 2.92% 1.81% 2.87% 2.95% 3.01%
Assets 1 14,126 16,374 17,006 17,417 17,540 16,425 16,593 17,396
Book Value Per Share 2 20.20 19.20 19.30 19.70 18.80 19.10 19.50 19.90
Cash Flow per Share 2 0.4600 6.900 26.30 0.5000 -17.60 2.510 2.690 2.760
Capex 1 75.1 82.2 101 106 103 128 128 128
Capex / Sales 8.69% 8.76% 10.65% 10.35% 10.21% 12.29% 11.8% 11.29%
Announcement Date 8/14/19 8/19/20 8/18/21 8/17/22 8/16/23 - - -
1AUD in Million2AUD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
14
Last Close Price
64.32 AUD
Average target price
62.87 AUD
Spread / Average Target
-2.26%
Consensus
  1. Stock Market
  2. Equities
  3. ASX Stock
  4. Financials ASX Limited