Ashley Services Group Ltd. (AU:ASH)
ASX:ASH
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Ashley Services Group Ltd.
(Sydney:ASH)
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Rating:64Neutral
Price Target:
AU$0.27
▲(60.59% Upside)
Action:Reiterated
Date:03/24/26
The score is driven primarily by stable financial performance (stronger cash flow and a solid balance sheet, but weak net profitability and negative revenue growth). Very attractive valuation (low P/E and high yield) supports the rating, while weak technical momentum and an oversold setup weigh on it.
Positive Factors
Cash Flow Generation
Consistent free cash flow growth and improving operating-cash-to-income conversion provide durable financial flexibility. This supports reinvestment, working-capital for staffing cycles, and capacity to sustain dividends or capex without relying heavily on external financing over the medium term.
Negative Factors
Weak Net Profitability
Low net margins mean limited retained earnings and a smaller buffer against cost shocks. In a sector with wage and regulatory cost pressures, weak net profitability constrains long-term return on equity and reduces capacity to fund strategic initiatives from internal earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Flow Generation
Consistent free cash flow growth and improving operating-cash-to-income conversion provide durable financial flexibility. This supports reinvestment, working-capital for staffing cycles, and capacity to sustain dividends or capex without relying heavily on external financing over the medium term.
Read all positive factors
Ashley Services Group Ltd. (ASH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$37.89M
Dividend Yield5.2%
Average Volume (3M)36.92K
Price to Earnings (P/E)9.7
Beta (1Y)-0.33
Revenue Growth4.90%
EPS Growth73.03%
CountryAU
Employees355
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.03
Shares Outstanding148,575,900
10 Day Avg. Volume40,473
30 Day Avg. Volume36,920
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.76
Price to Sales (P/S)0.05
P/FCF Ratio2.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Ashley Services Group Ltd. Business Overview & Revenue Model
Company Description
Ashley Services Group Limited is an Australian company that delivers a range of staffing, recruitment, and vocational training services. The firm's operations are organized into two primary divisions: Labor Hire and Training. It offers professiona...
How the Company Makes Money
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Ashley Services Group Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
75
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 557.96M | 515.94M | 556.54M | 549.22M | 449.78M | 383.67M |
| Gross Profit | 505.65M | 515.94M | 22.24M | 31.24M | 28.09M | 22.46M |
| EBITDA | 11.24M | 9.29M | 9.24M | 20.53M | 18.96M | 15.71M |
| Net Income | 3.79M | 2.17M | 1.35M | 10.79M | 11.31M | 9.15M |
Balance Sheet | ||||||
| Total Assets | 93.75M | 86.58M | 90.12M | 112.30M | 81.88M | 70.17M |
| Cash, Cash Equivalents and Short-Term Investments | 314.00K | 146.00K | 158.00K | 2.52M | 2.25M | 3.48M |
| Total Debt | 17.07M | 14.46M | 15.61M | 11.74M | 8.83M | 3.30M |
| Total Liabilities | 59.18M | 55.45M | 59.67M | 78.03M | 50.34M | 42.22M |
| Stockholders Equity | 34.57M | 31.12M | 30.45M | 33.84M | 31.55M | 28.01M |
Cash Flow | ||||||
| Free Cash Flow | 11.22M | 8.00M | 787.00K | 19.49M | 4.98M | 4.63M |
| Operating Cash Flow | 11.85M | 8.87M | 3.53M | 22.80M | 6.70M | 5.42M |
| Investing Cash Flow | -688.00K | -4.68M | -3.79M | -14.68M | -2.79M | -3.18M |
| Financing Cash Flow | -11.19M | -4.21M | -2.13M | -7.33M | -5.14M | -7.33M |
Ashley Services Group Ltd. Technical Analysis
Positive
0.17
Price Trends
0.21
Positive
0.22
Positive
0.20
Positive
Market Momentum
0.01
Negative
80.85
Negative
82.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASH, the sentiment is Positive. The current price of 0.17 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.21, and below the 200-day MA of 0.20, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 80.85 is Negative, neither overbought nor oversold. The STOCH value of 82.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ASH.
Ashley Services Group Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$39.76M | 7.99 | 43.16% | 6.25% | 4.39% | -26.91% | |
68 Neutral | AU$49.93M | 13.06 | 15.85% | 4.55% | 41.51% | 432.79% | |
64 Neutral | AU$37.89M | 9.69 | 11.53% | 5.20% | 4.90% | 73.03% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
51 Neutral | AU$71.14M | -8.30 | -6.36% | ― | -19.61% | -81.96% | |
40 Underperform | AU$5.27M | -3.27 | -247.24% | ― | -0.17% | -38.60% |
* Industrials Sector Average
AU:ASH
Ashley Services Group Ltd.
0.26
0.09
53.61%
AU:HIT
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0.94
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0.03
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AU:PPE
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0.01
1.56%
Ashley Services Group Ltd. Corporate Events
Ashley Services Director Ian Pratt Increases Stake via Loan-Funded Share Issue
Apr 1, 2026
Ashley Services Group Limited has disclosed a change in director Ian Pratt’s interests, detailing his direct and indirect holdings in ordinary shares and performance rights in the company. The notice confirms that Pratt now directly holds 10...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.