Company Valuation: ASX Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 15,817 12,195 11,631 13,524 10,408 12,903 - -
Change - -22.9% -4.62% 16.27% -23.04% 23.97% - -
Enterprise Value (EV) 1 1,886 11,014 10,204 12,094 8,998 11,853 11,807 11,703
Change - 484.02% -7.36% 18.53% -25.6% 31.73% -0.39% -0.88%
P/E 31.1x 38.4x 24.5x 26.9x 21.4x 24.4x 25.3x 24.1x
PBR 4.16x 3.35x 3.12x 3.5x 2.61x 3.11x 3.03x 2.93x
PEG - -1x 0.5x 4.61x -5.61x 2.76x -6.57x 4.49x
Capitalization / Revenue 15.5x 12.1x 11.2x 12.2x 8.3x 9.55x 9.14x 8.7x
EV / Revenue 1.84x 10.9x 9.87x 10.9x 7.17x 8.78x 8.36x 7.89x
EV / EBITDA 2.55x 16.4x 15.9x 17.4x 11.8x 15.3x 14.8x 13.9x
EV / EBIT 2.74x 17.3x 16.9x 18.7x 12.9x 17.5x 17.5x 16.5x
EV / FCF 19.3x -3.14x 29.8x 95.3x 109x 28.5x 28.8x 25.8x
FCF Yield 5.18% -31.8% 3.36% 1.05% 0.92% 3.5% 3.47% 3.87%
Dividend per Share 2 2.36 2.283 2.08 2.233 2.065 2.022 2.076 2.207
Rate of return 2.89% 3.62% 3.47% 3.2% 3.87% 3.06% 3.14% 3.34%
EPS 2 2.627 1.639 2.448 2.591 2.492 2.712 2.608 2.748
Distribution rate 89.8% 139% 85% 86.2% 82.9% 74.5% 79.6% 80.3%
Net sales 1 1,023 1,010 1,034 1,107 1,255 1,351 1,412 1,484
EBITDA 1 739.5 672.5 641.8 695.3 765 776.2 800.2 841.9
EBIT 1 689.2 635.6 604.8 646.9 697.2 679.1 676.1 709.7
Net income 1 508.5 317.3 474.2 502.6 484.9 532 512.2 543.7
Net Debt 1 -13,931 -1,181 -1,428 -1,430 -1,410 -1,050 -1,096 -1,200
Reference price 2 81.71 63.00 60.00 69.76 53.32 66.10 66.10 66.10
Nbr of stocks (in thousands) 193,578 193,577 193,858 193,863 195,195 195,198 - -
Announcement Date 8/17/22 A 8/16/23 A 8/15/24 A 8/13/25 A 8/12/26 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.36x15.27x21.38x3.8% 109B
22.58x10.3x15.1x1.29% 94.36B
25.01x9.32x15.53x1.48% 64.52B
32.87x5.43x10.88x1.77% 60.98B
23.19x13.61x17.18x3.84% 59.19B
29.38x11.3x18.95x1.13% 58.95B
34.49x9.73x17.86x0.45% 25.62B
23.74x9.27x14.65x2.12% 20.17B
Average 27.08x 10.53x 16.44x 1.99% 61.54B
Weighted average by Cap. 26.34x 11.11x 16.86x 2.21%

Y-o-Y evolution of P/E

Valuation ratios - P/E - ASX Limited

Historical PBR trend

Valuation ratios - PBR - ASX Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - ASX Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - ASX Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - ASX Limited