Ashley Services Group Ltd. (AU:ASH)
ASX:ASH
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Ashley Services Group Ltd.
(Sydney:ASH)
Select Model
Select Model
Rating:64Neutral
Price Target:
AU$0.20
▲(19.41% Upside)
Action:ReiteratedDate: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
Free cash flow growth
Sustained free cash flow growth and improving operating cash flow conversion provide durable financial flexibility. Over the next 2-6 months this supports working capital for payroll-heavy operations, funds contract retention or bid costs, and allows reinvestment or debt reduction without reliance on capital markets.
Negative Factors
Low net profit margin
A persistently low net margin constrains retained earnings and limits capacity to fund growth or absorb wage inflation. Over a 2-6 month horizon this reduces buffer against contract price pressure and limits ability to improve ROE or increase investment without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow growth
Sustained free cash flow growth and improving operating cash flow conversion provide durable financial flexibility. Over the next 2-6 months this supports working capital for payroll-heavy operations, funds contract retention or bid costs, and allows reinvestment or debt reduction without reliance on capital markets.
Read all positive factors
Ashley Services Group Ltd. (ASH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.23M
Dividend Yield5.2%
Average Volume (3M)36.92K
Price to Earnings (P/E)2.1
Beta (1Y)-0.37
Revenue Growth-7.29%
EPS Growth60.64%
CountryAU
Employees355
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.02
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 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. T...
How the Company Makes Money
ASH primarily makes money by selling outsourced services to business and government customers under recurring service contracts and work orders. Key revenue streams typically include: (1) labour hire and staffing—charging clients an hourly or dail...
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
Negative
0.17
Price Trends
0.23
Negative
0.22
Negative
0.19
Negative
Market Momentum
>-0.01
Positive
34.82
Neutral
11.11
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASH, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.22, below the 50-day MA of 0.23, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 34.82 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$53.09M | 8.41 | 43.16% | 6.25% | 6.72% | 5.68% | |
68 Neutral | AU$47.35M | 4.98 | 15.85% | 4.55% | 66.80% | 625.00% | |
64 Neutral | AU$28.23M | 2.14 | 11.53% | 5.20% | -7.29% | 60.64% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
47 Neutral | AU$68.95M | 64.68 | -6.36% | ― | -6.45% | -364.91% | |
39 Underperform | AU$6.52M | -3.20 | -247.24% | ― | -0.80% | -6.58% |
* Industrials Sector Average
AU:ASH
Ashley Services Group Ltd.
0.19
0.02
14.46%
AU:HIT
Hitech Group Australia Limited
1.26
-0.19
-13.27%
AU:WWG
Wiseway Group Ltd.
0.28
0.15
123.58%
AU:HMI
Hiremii Ltd.
0.03
-0.02
-40.38%
AU:PPE
Peoplein Limited
0.63
-0.17
-21.25%
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...
Ashley Services Group Plans Placement of 2.6 Million New Shares
Feb 20, 2026
Ashley Services Group Limited has notified the ASX of a proposed placement of up to 2,600,000 ordinary fully paid shares, to be issued under its existing listing arrangements. The new securities are scheduled for issue on 20 March 2026, signalling...
Ashley Services Group Investors Overwhelmingly Approve Loan Funded Share Plan
Feb 19, 2026
Ashley Services Group shareholders have strongly backed a series of remuneration-related resolutions at a general meeting held on 20 February 2026. Investors approved the company’s Loan Funded Share Plan, the potential termination benefits u...
Ashley Services Delivers Record First-Half Revenue and Profit Growth
Feb 19, 2026
Ashley Services Group Ltd. reported record first-half revenue of $308.2 million for the six months ended 31 December 2025, reflecting a 16% increase driven by strong demand for its labour hire, technical services, and training operations. The resu...
Ashley Services Group Calls February Extraordinary General Meeting, Pushes Digital Engagement
Jan 21, 2026
Ashley Services Group Limited has called an Extraordinary General Meeting of shareholders for 20 February 2026 at its Sydney offices, with limited physical attendance and an option for virtual participation. The company is continuing its shift tow...
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.