ASX Ltd
ASX: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$32.00 | Vtcz | Lfnj |
ASX Still Looks Overvalued Despite Market Rally
Wide moat rated ASX continues to look overvalued despite the strong market rebound following the coronavirus related sell-off. We’ve increased our fair value estimate by 4% to AUD 59.00 per share to reflect the time value of money impact on our financial model. However, at the current market price of AUD 85.51, the shares still look expensive.