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ASX Limited (ASX) Stock Verdict & Ratings | Investment Bastion

Stock Verdict·Updated today

ASX Limited

ASXMarket cap $7.92BPrice $42.1

Country🇦🇺Australia

SectorFinancials

IndustryCapital Markets

Runs Australia's primary stock exchange and clearing house, sitting at the center of the country's capital markets. It's one of the few exchanges globally that also owns its clearing and settlement infrastructure, making it a rare vertically integrated monopoly.

In Bastion Portfolios?

52W Return+13%Global Market +16%?

01Key Ratings

How does this stock score across Bastion factors?

Growth

Historical Revenue

Rev CAGR (3y)-2%2

Revenue Forecast

Rev CAGR (1y)+6%5

Rev CAGR (3y)+5%4

Rev CAGR (5y)+5%4

Earnings Forecast

EPS Growth Y+1+7%6

EPS Growth Y+2+0%4

EPS Growth Y+3+4%5

Quality

Margins

EBIT Margin51%10

Net Income Margin38%10

Free Cash Flow Margin6%4

Debt

Net Debt/EBITDA-6.510

Efficiency

ROE12%5

ROA3%5

Earnings Stability55

GEAR+AVERAGE57

Overall rating across all five factors

Value

Price Multiples

P/E Ratio (Forward)223

P/E Ratio (Forward 3y)222

P/BV2.95

EV Multiples

EV/EBITDA Fwd93

EV/EBIT Fwd113

Yield

Free Cash Flow Yield0.0%4

Dividend Yieldna–

Momentum

Short term

1 month return+7%10

3 month return+10%8

YTD return+18%7

Mid term

Price vs 52wHigh98%10

1 year return+4%5

Long term

3 year return+14%3

5 year return-14%3

Risk Shield

Price Risk

Beta0.39

Volatility31%7

Free Cash Flow

Free Cash Flow Margin6%4

Free Cash Flow Yield0.0%4

Quality

ROCE15%5

Earnings Stability55

Net Debt/EBITDA-6.510

02Growth

Is it actually growing, and how fast?

ASXASX

Revenue FY26$873M

GROWTH RATING↗

WEAK31 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR-2%2

Revenue, next 1Y+6%5

Revenue, next 3Y, CAGR+5%4

Revenue, next 5Y, CAGR+5%4

EARNINGS FORECAST▾SCORE

EPS growth, FY27E+7%6

EPS growth, FY28E+0%4

EPS growth, FY29E+4%5

GROWTH ASSESSMENT

STRENGTHS

After shrinking over the last 3 years, revenue is set to grow 5%/yr from here.

WATCH

Revenue is set to grow 5%/yr over the next 3 years, a little behind the market.4/10

Over five years revenue is set to grow 5%/yr, behind 60% of companies worldwide.4/10

Earnings are set to grow in step with sales (EPS about 4%/yr vs revenue 5%/yr).

WEAKNESSES

Growth is the weak spot here, trailing 69% of companies worldwide.

Revenue fell 2%/yr over the last 3 years, behind 80% of companies worldwide.2/10

BOTTOM LINE

Steady Grower

Growth is a weak point here: a business that's turning around. The one thing to watch: revenue has shrunk over the past 3 years.

03Price Momentum

Is the market behind it right now?

ASXASX

Total return Current36.2%

Price return Current2.3%

MOMENTUM RATING↗

STRONG70 / 100

SHORT-TERM RETURNS▾SCORE

1-month return+7%10

3-month return+10%8

YTD return+18%7

MID & LONG-TERM▾SCORE

% of 52-week high98%10

1-year return+4%5

3-year return+14%3

5-year return-14%3

MOMENTUM ASSESSMENT

STRENGTHS

It's up 4% over the past year, now sitting right at its 52-week high. That is clearly ahead of the market.

Strong recent results. The stock is outperforming over the past month (+7%), over three months (+10%) and so far this year (+18%).

WATCH

None flagged.

WEAKNESSES

Weak long-term results. It has been a disappointing long-term hold (+14% over three years and -14% over five), behind 70% of the market.

BOTTOM LINE

Early Turnaround

A poor multi-year track record but a sharp recent rally. Momentum is turning up, yet the trend is young and unproven — it needs follow-through to confirm rather than fade. The one thing to watch: the multi-year record is weak.

04Value

Are you paying a fair price for it?

Stop guessing on ASX Limited. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

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02Growth

Is it actually growing, and how fast?

ASXASX

Revenue FY26$873M

GROWTH RATING↗

WEAK31 / 100

REVENUE GROWTH▾SCORE

Revenue, last 3Y, CAGR-2%2

Revenue, next 1Y+6%5

Revenue, next 3Y, CAGR+5%4

Revenue, next 5Y, CAGR+5%4

EARNINGS FORECAST▾SCORE

EPS growth, FY27E+7%6

EPS growth, FY28E+0%4

EPS growth, FY29E+4%5

GROWTH ASSESSMENT

STRENGTHS

After shrinking over the last 3 years, revenue is set to grow 5%/yr from here.

WATCH

Revenue is set to grow 5%/yr over the next 3 years, a little behind the market.4/10

Over five years revenue is set to grow 5%/yr, behind 60% of companies worldwide.4/10

Earnings are set to grow in step with sales (EPS about 4%/yr vs revenue 5%/yr).

WEAKNESSES

Growth is the weak spot here, trailing 69% of companies worldwide.

Revenue fell 2%/yr over the last 3 years, behind 80% of companies worldwide.2/10

BOTTOM LINE

Steady Grower

Growth is a weak point here: a business that's turning around. The one thing to watch: revenue has shrunk over the past 3 years.

03Price Momentum

Is the market behind it right now?

ASXASX

Total return Current36.2%

Price return Current2.3%

MOMENTUM RATING↗

STRONG70 / 100

SHORT-TERM RETURNS▾SCORE

1-month return+7%10

3-month return+10%8

YTD return+18%7

MID & LONG-TERM▾SCORE

% of 52-week high98%10

1-year return+4%5

3-year return+14%3

5-year return-14%3

MOMENTUM ASSESSMENT

STRENGTHS

It's up 4% over the past year, now sitting right at its 52-week high. That is clearly ahead of the market.

Strong recent results. The stock is outperforming over the past month (+7%), over three months (+10%) and so far this year (+18%).

WATCH

None flagged.

WEAKNESSES

Weak long-term results. It has been a disappointing long-term hold (+14% over three years and -14% over five), behind 70% of the market.

BOTTOM LINE

Early Turnaround

04Value

Are you paying a fair price for it?

Stop guessing on ASX Limited. Get the full investment case.

Premium

$20.75/month

Billed annually at $249/year $348

✓
Stock VerdictValuation and investment strategy for 4,000+ stocks. Days of hedge fund analyst research, done in 2 minutes.
✓
RadarFind your next investment idea: top-ranked stocks across all 9 Bastion strategies.
✓
Portfolio ManagerCheck if Bastion algorithms added the stock you care about to their portfolios.

Secure via Stripe

Trusted by 1,000+ investors in our community