How to buy Ashley Services Group shares

Ashley Services Group Limited is a staffing & employment services business based in Australia. Ashley Services Group shares (ASH) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Ashley Services Group has a trailing 12-month revenue of around $336.8 million.

How to buy shares in Ashley Services Group

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Ashley Services Group. Find the share by name or ticker symbol: ASH. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Ashley Services Group reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.335, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Ashley Services Group. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Ashley Services Group's share price?

Since the stock market crash in March caused by coronavirus, Ashley Services Group's share price has had significant negative movement.

Its last market close was $0.335, which is 23.86% down on its pre-crash value of $0.44 and 67.50% up on the lowest point reached during the March crash when the shares fell as low as $0.2.

If you had bought $1,000 worth of Ashley Services Group shares at the start of February 2020, those shares would have been worth $545.46 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $761.36.

Ashley Services Group share price

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Is it a good time to buy Ashley Services Group stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Is Ashley Services Group under- or over-valued?

Valuing Ashley Services Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Ashley Services Group's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Ashley Services Group's P/E ratio

Ashley Services Group's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Ashley Services Group shares trade at around 10x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Ashley Services Group's EBITDA

Ashley Services Group's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $8.8 million (£5 million).

The EBITDA is a measure of a Ashley Services Group's overall financial performance and is widely used to measure a its profitability.

Ashley Services Group share dividends

Dividend payout ratio: 90% of net profits

Recently Ashley Services Group has paid out, on average, around 90% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 8.18% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Ashley Services Group shareholders could enjoy a 8.18% return on their shares, in the form of dividend payments. In Ashley Services Group's case, that would currently equate to about A$0.03 per share.

Ashley Services Group's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 1 September 2020 (the "ex-dividend date").

Ashley Services Group share price volatility

Over the last 12 months, Ashley Services Group's shares have ranged in value from as little as $0.2 up to $0.455. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Ashley Services Group's is 0.9723. This would suggest that Ashley Services Group's shares are less volatile than average (for this exchange).

Ashley Services Group overview

Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia. It operates through two segments, Labor Hire and Training. The company offers white-collar recruitment services, including permanent, temporary, and contract placements through multi-specialist providers under the Blackadder brand name; and labor hire and workforce solutions under the Action Workforce and Concept Engineering brands. It also provides nationally accredited qualifications training and assessment services under the Ashley Institute of Training, Integracom, Australian Institute of Vocational Development, National Institute of Training, Tracmin, and Qualitas Education brands. The company was founded in 1968 and is headquartered in Sydney, Australia.

Frequently asked questions

• What percentage of Ashley Services Group is owned by insiders or institutions?

  Currently 69.76% of Ashley Services Group shares are held by insiders and 11.877% by institutions.

• When does the fiscal year end for Ashley Services Group?

  Ashley Services Group's fiscal year ends in June.

• Where is Ashley Services Group based?

  Ashley Services Group's address is: 92 Pitt Street, Sydney, NSW, Australia, 2000

• What is Ashley Services Group's ISIN number?

  Ashley Services Group's international securities identification number is: AU000000ASH0