Ashley Services Group Ltd. (ASH) AI Stock Analysis

• Market Cap: AU$30.23M
• Dividend Yield: 4.62%
• Average Volume (3M): 111.84K
• Price to Earnings (P/E): 13.9
• Beta (1Y): -1.40
• Revenue Growth: -7.29%
• EPS Growth: 60.64%
• Country: AU
• Employees: 355
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): <0.01
• Shares Outstanding: 143,975,900
• 10 Day Avg. Volume: 297,094
• 30 Day Avg. Volume: 111,837
• PEG Ratio: 0.18
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.05
• P/FCF Ratio: 2.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$0.00 ▼(-100.00% Downside)

Ashley Services Group Ltd. has a stable financial position with strong cash generation and solid technical indicators, suggesting a positive outlook. However, challenges in profitability and revenue growth, along with a fair valuation, moderate the overall score.

Ashley Services Group Ltd. Business Overview & Revenue Model

Company Description

Ashley Services Group Ltd. (ASH) is a diversified workforce solutions provider based in Australia, specializing in recruitment, labor hire, and workforce management services across various sectors including construction, engineering, and mining. The company focuses on delivering tailored staffing solutions and training services to meet the specific needs of its clients, ensuring optimal workforce efficiency and effectiveness.

How the Company Makes Money

Ashley Services Group generates revenue primarily through its recruitment and labor hire services, charging clients for the placement of temporary and permanent staff. Key revenue streams include fees for recruitment services, hourly rates for labor hire, and training services provided to both clients and employees. The company also benefits from long-term contracts and partnerships with major organizations in the construction and resources sectors, which provide a steady flow of income. Additionally, ASH's investment in workforce management technology enhances service efficiency, contributing to increased client satisfaction and repeat business.

Ashley Services Group Ltd. Financial Statement Overview

Summary

Ashley Services Group Ltd. demonstrates a stable financial position with operational efficiency but faces challenges in profitability and revenue growth. The balance sheet is solid with moderate leverage, and cash flow metrics indicate strong cash generation capabilities.

Income Statement

Ashley Services Group Ltd. shows a mixed performance in its income statement. The company has maintained a positive EBIT and EBITDA margin, indicating operational efficiency. However, the net profit margin is quite low, reflecting challenges in translating revenue into net income. The revenue growth rate has been negative recently, which is a concern for future revenue generation.

Balance Sheet

The balance sheet of Ashley Services Group Ltd. is relatively stable. The debt-to-equity ratio is moderate, suggesting a balanced approach to leveraging. Return on equity has decreased over time, indicating a decline in profitability from shareholders' investments. The equity ratio is healthy, showing a strong equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth, which is a positive indicator of financial flexibility. The operating cash flow to net income ratio is improving, suggesting better cash generation from operations. However, the free cash flow to net income ratio indicates that a significant portion of net income is not being converted into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	515.94M	515.94M	556.54M	549.22M	449.78M	383.67M
Gross Profit	515.94M	515.94M	22.24M	31.24M	28.09M	22.46M
EBITDA	9.02M	9.29M	9.24M	20.53M	18.96M	15.71M
Net Income	2.17M	2.17M	1.35M	10.79M	11.31M	9.15M
Balance Sheet
Total Assets	86.58M	86.58M	90.12M	112.30M	81.88M	70.17M
Cash, Cash Equivalents and Short-Term Investments	146.00K	146.00K	158.00K	2.52M	2.25M	3.48M
Total Debt	14.46M	14.46M	15.61M	11.74M	8.83M	3.30M
Total Liabilities	55.45M	55.45M	59.67M	78.03M	50.34M	42.22M
Stockholders Equity	31.12M	31.12M	30.45M	33.84M	31.55M	28.01M
Cash Flow
Free Cash Flow	8.11M	8.00M	787.00K	19.49M	4.98M	4.63M
Operating Cash Flow	8.87M	8.87M	3.53M	22.80M	6.70M	5.42M
Investing Cash Flow	-4.68M	-4.68M	-3.79M	-14.68M	-2.79M	-3.18M
Financing Cash Flow	-4.21M	-4.21M	-2.13M	-7.33M	-5.14M	-7.33M

Ashley Services Group Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.17
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.20, below the 50-day MA of 0.18, and below the 200-day MA of 0.18, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 69.32 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIT	73 Outperform	AU$71.70M	11.23	60.81%	6.06%	6.72%	5.68%
WWG	71 Outperform	AU$43.81M	9.73	20.77%	3.70%	66.80%	625.00%
ASH	70 Outperform	AU$30.23M	13.91	7.05%	4.62%	-7.29%	60.64%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
PPE	56 Neutral	AU$92.74M	-7.04	-8.39%	―	-6.45%	-364.91%
HMI	40 Underperform	AU$5.77M	-4.32	-215.06%	―	-0.80%	-6.58%

Ashley Services Group Ltd. Corporate Events

Ashley Services Group Ltd. Announces AGM Results

Ashley Services Group Ltd. announced the results of its Annual General Meeting, highlighting the approval of the remuneration report and the re-election of Director Paul Brittain. The resolutions were carried with significant majorities, indicating strong shareholder support and confidence in the company’s leadership and strategic direction.

Ashley Services Group Ltd. 2025 AGM Highlights Financial and Strategic Updates

Ashley Services Group Ltd. held its 2025 Annual General Meeting, where key company figures, including Chairman Ian Pratt, Managing Director Ross Shrimpton, and CFO Paul Brittain, addressed shareholders. The meeting covered the financial results for the year ended June 30, 2025, and the three months ending September 30, 2025, as well as updates on strategic initiatives and resolutions. The AGM provided insights into the company’s financial health and strategic direction, which are crucial for stakeholders to understand the company’s future positioning and operational focus.

Ashley Services Group Ltd. Announces 2025 AGM with Focus on Digital Engagement

Ashley Services Group Ltd. has announced its 2025 Annual General Meeting (AGM) scheduled for October 28, 2025, in Sydney. The company emphasizes digital communication by encouraging shareholders to provide email addresses for faster and more eco-friendly information dissemination. Shareholders are invited to attend in person or appoint proxies to vote on their behalf, with options for online and mobile proxy voting available. This approach reflects the company’s commitment to engaging with stakeholders and streamlining communication processes.

Ashley Services Group Announces Director’s Interest Change

Ashley Services Group Limited has announced a change in the director’s interest notice, specifically concerning Ross Shrimpton. The change involves the acquisition of 499,245 ordinary shares through Shrimpton Holdings Pty Limited Superannuation Fund, increasing the total direct and indirect holdings to 84,778,275 shares. This transaction, valued at $82,375.43, was conducted through an on-market trade.

Ashley Services Group Director Increases Shareholding

Ashley Services Group Limited announced a change in the director’s interest, with Paul Brittain’s indirect interest in the company’s securities increasing by 100,000 ordinary shares. This change, resulting from an on-market trade, reflects a potential increase in confidence or strategic positioning by the director, which could impact stakeholder perceptions and the company’s market stance.

Ashley Services Group Releases Corporate Governance Statement for FY2025

Ashley Services Group Limited has released its corporate governance statement for the financial year ending June 30, 2025. The statement, which is available on the company’s website, outlines the extent to which the company has adhered to the ASX Corporate Governance Council’s recommendations. This disclosure is part of the company’s compliance with ASX listing rules, ensuring transparency and accountability in its governance practices.

Ashley Services Group Reports Increased Profit Amid Revenue Decline

Ashley Services Group Ltd. reported a statutory after-tax profit of $2.17 million for the fiscal year 2025, marking a 60.9% increase from the previous year, despite a 7.3% decline in revenue to $515.9 million. The company is focusing on debt reduction and strengthening its balance sheet to support future growth, although it will not declare a final dividend for FY25. The Labour Hire division faced revenue declines due to project completions and industrial challenges in Victoria, while the Training division saw reduced revenues due to funding constraints and decreased demand in telecommunications training.