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The Australian Securities Exchange is a vertically integrated securities exchange business offering listing, data, trading, clearing, and settlement services across equities, debt, and derivatives. ASX benefits from various effective monopolies across its business and a disproportionately large listings business from Australia’s outsize natural resources sector.
1987
1.2K+
LTM Revenue $682M
LTM EBITDA $425M
$443M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
ASX has a last 12-month revenue of $682M and a last 12-month EBITDA of $425M.
In the most recent fiscal year, ASX achieved revenue of $661M and an EBITDA of $743M.
ASX expects next 12-month revenue of XXX and NTM EBITDA of XXX
See ASX valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $639M | $661M | XXX | XXX | XXX |
| Gross Profit | $655M | $639M | XXX | XXX | XXX |
| Gross Margin | 103% | 97% | XXX | XXX | XXX |
| EBITDA | $515M | $743M | XXX | XXX | XXX |
| EBITDA Margin | 81% | 112% | XXX | XXX | XXX |
| Net Profit | $320M | $199M | XXX | XXX | XXX |
| Net Margin | 50% | 30% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, ASX's stock price is AUD 68 (or $43).
ASX has current market cap of AUD 13.2B (or $8.3B), and EV of AUD 705M (or $443M).
See ASX trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $443M | $8.3B | XXX | XXX | XXX | XXX | $1.61 |
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Sign UpAs of April 15, 2025, ASX has market cap of $8.3B and EV of $443M.
ASX's trades at 0.7x LTM EV/Revenue multiple, and 1.0x LTM EBITDA.
Analysts estimate ASX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for ASX and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $443M | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 0.8x | XXX | XXX | XXX |
| P/E | 27.0x | XXX | XXX | XXX |
| P/E/Growth | 7.8x | XXX | XXX | XXX |
| EV/FCF | 2.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpASX's NTM/LTM revenue growth is 5%
ASX's revenue per employee for the last fiscal year averaged $0.6M, while opex per employee averaged $0.2M for the same period.
Over next 12 months, ASX's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate ASX's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for ASX and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 87% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 44% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 92% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.6M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.2M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 32% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Euroxx Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Athens Exchange Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Cboe Global Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| Indian Energy Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| Bursa De Valori Bucuresti | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
ASX acquired XXX companies to date.
Last acquisition by ASX was XXXXXXXX, XXXXX XXXXX XXXXXX . ASX acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Sign Up| When was ASX founded? | ASX was founded in 1987. |
| Where is ASX headquartered? | ASX is headquartered in Australia. |
| How many employees does ASX have? | As of today, ASX has 1.2K+ employees. |
| Who is the CEO of ASX? | ASX's CEO is Dr. Helen Lofthouse. |
| Is ASX publicy listed? | Yes, ASX is a public company listed on ASX. |
| What is the stock symbol of ASX? | ASX trades under ASX ticker. |
| When did ASX go public? | ASX went public in 1998. |
| Who are competitors of ASX? | Similar companies to ASX include e.g. Euroxx Securities, Athens Exchange Group, Cboe Global Markets, Indian Energy Exchange. |
| What is the current market cap of ASX? | ASX's current market cap is $8.3B |
| What is the current revenue of ASX? | ASX's last 12-month revenue is $682M. |
| What is the current EBITDA of ASX? | ASX's last 12-month EBITDA is $425M. |
| What is the current EV/Revenue multiple of ASX? | Current revenue multiple of ASX is 0.7x. |
| What is the current EV/EBITDA multiple of ASX? | Current EBITDA multiple of ASX is 1.0x. |
| What is the current revenue growth of ASX? | ASX revenue growth between 2023 and 2024 was 3%. |
| Is ASX profitable? | Yes, ASX is EBITDA-positive (as of the last 12 months). |
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