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 11,448 - -
Change - -22.9% -4.62% 16.27% -23.04% 10% - -
Enterprise Value (EV) 1 1,886 11,014 10,204 12,094 8,998 10,376 10,323 10,196
Change - 484.02% -7.36% 18.53% -25.6% 15.32% -0.51% -1.23%
P/E 31.1x 38.4x 24.5x 26.9x 21.4x 22.3x 23x 21.6x
PBR 4.16x 3.35x 3.12x 3.5x 2.61x 2.77x 2.68x 2.6x
PEG - -1x 0.5x 4.61x -5.61x 3.94x -7.27x 3.45x
Capitalization / Revenue 15.5x 12.1x 11.2x 12.2x 8.3x 8.59x 8.17x 7.77x
EV / Revenue 1.84x 10.9x 9.87x 10.9x 7.17x 7.79x 7.37x 6.92x
EV / EBITDA 2.55x 16.4x 15.9x 17.4x 11.8x 13.7x 13.1x 12.2x
EV / EBIT 2.74x 17.3x 16.9x 18.7x 12.9x 15.7x 15.5x 14.6x
EV / FCF 19.3x -3.14x 29.8x 95.3x 109x 26.1x 26.1x 23x
FCF Yield 5.18% -31.8% 3.36% 1.05% 0.92% 3.83% 3.83% 4.35%
Dividend per Share 2 2.36 2.283 2.08 2.233 2.065 1.975 2.042 2.164
Rate of return 2.89% 3.62% 3.47% 3.2% 3.87% 3.37% 3.48% 3.69%
EPS 2 2.627 1.639 2.448 2.591 2.492 2.633 2.55 2.709
Distribution rate 89.8% 139% 85% 86.2% 82.9% 75% 80.1% 79.9%
Net sales 1 1,023 1,010 1,034 1,107 1,255 1,333 1,401 1,473
EBITDA 1 739.5 672.5 641.8 695.3 765 758.4 790.3 832.4
EBIT 1 689.2 635.6 604.8 646.9 697.2 661.3 666.7 699.2
Net income 1 508.5 317.3 474.2 502.6 484.9 517.4 504.1 536
Net Debt 1 -13,931 -1,181 -1,428 -1,430 -1,410 -1,073 -1,126 -1,252
Reference price 2 81.71 63.00 60.00 69.76 53.32 58.65 58.65 58.65
Nbr of stocks (in thousands) 193,578 193,577 193,858 193,863 195,195 195,198 - -
Announcement Date 8/17/22 8/16/23 8/15/24 8/13/25 8/12/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.25x13.49x18.7x4.39% 94.62B
21.02x9.28x13.82x1.41% 84.29B
23.4x14.09x17.6x3.81% 60.53B
22.92x8.55x14.25x1.64% 58.3B
26.61x4.89x9.72x2.06% 51.53B
25.39x9.9x16.53x1.33% 50.49B
29.18x8.05x14.78x0.57% 21.57B
21.79x8.5x13.3x2.32% 18.32B
Average 24.07x 9.59x 14.84x 2.19% 54.96B
Weighted average by Cap. 23.46x 10.22x 15.30x 2.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield