ASX Ltd
ASX: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$96.00 | Dwvs | Hxrc |
ASX: Investor Day Shows New Management Commitment To Retain Social License and Protect Moat
We retain our fair value estimate for wide-moat ASX at AUD 75 per share following its investor day. ASX’s share price fell 10% on the prospects of increased operating expenses and capital expenditure. We view this reaction as incorrect and now consider shares in ASX to be materially undervalued.