2024-03-19 10:30:00 ET
Summary
- ASX Ltd. is the operator of the Australian Stock Exchange, with high margins and a dominant market share.
- The company's pre-tax income in the first half of the financial year was A$330M, with a margin of more than 40%.
- ASX's stock is currently trading at almost 30 times earnings, making it a "hold" at best.
Introduction
ASX Ltd. ( OTCPK:ASXFF ) ( OTCPK:ASXFY ) is the operator of the Australian Stock Exchange (‘ASX’), Australia’s largest securities market. Exchange operators usually have very high margins and tend to be monopolists (there are smaller exchanges but those haven’t really threatened the large market share of the main operators like ASX)....
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For further details see:
ASX Ltd.: Strong Margins, But Too Expensive For My Liking