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How to buy ASX (ASX) shares in Australia

Learn how to easily invest in ASX shares.

ASX
AU: ASX - AUD
A$64.25
+ A$0.23 ( + 0.36%)
FINANCIAL DATA & STOCK EXCHANGES

ASX is a financial data & stock exchanges business based in Australia. ASX shares (ASX) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. ASX has a trailing 12-month revenue of around $1.5 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in ASX

To buy shares listed in Australia such as ASX, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for ASX.
    Find the share by name or ticker symbol: ASX. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until ASX reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of ASX. Optimise your portfolio by tracking how your stock and 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 affect your stock.

ASX stock price (ASX:ASX)

Use our graph to track the performance of ASX stocks over time.

ASX shares at a glance

Information last updated 2024-02-20.
52-week range$53.98 - $69.5852
50-day moving average $64.2236
200-day moving average $60.8072
Target price$61.73
PE ratio 39.1951
Dividend yield $2.133 (3.15%)
Earnings per share (TTM) $1.64

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
1 - 7 of 33
Name Product Standard brokerage fee Inactivity fee Asset class
eToro
Finder AwardExclusive
eToro
$0
US$10 per month if there’s been no log-in for 12 months
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 12 months of investment tracking app Delta PRO for free when you fund your eToro account (T&Cs apply).
CFD service. Capital at risk.
Join the world's biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
Finder Award
IG Share Trading
$8
$0
ASX shares, Global shares, US shares, UK shares, ETFs
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian and international shares, plus get access to 24-hour customer support.
Moomoo Share Trading
$3
$0
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get an additional 30 days on top of the regular brokerage-free period for new accounts. T&Cs apply.
Trade shares on the ASX, the US markets and buy ETFs with Moomoo. Plus join a community over 20 million investors.
CMC Invest
Finder Award
CMC Invest
$0
$0
ASX shares, Global shares, Options trading, US shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 35,000 products, including shares, ETFs and managed funds, with access to 15 major global and Australian stock exchanges. Plus, buy Aussie shares for $0 brokerage up to $1,000. (Limited to one buy order per stock per trading day).
Webull
$4.90
$0
ASX shares, Options trading, US shares, ETFs
Fund your account with over $200 and complete 1 buy trade to earn $50 in free shares. Fund over $10,000 for up to $1,200 in trading vouchers, or over $100,000 for up to $4,000 in vouchers. Plus, enjoy 5.3% p.a. yield on US cash accounts with Moneybull (T&Cs apply).
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
Tiger Brokers
Exclusive
Tiger Brokers
$5.50
$0
ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get 10 brokerage-free trades for the US or ASX market for the first 180 days and US$50 fractional shares when you deposit at least US$500. Plus, all new customers get 1 free trade per month for the first 12 months. Offer valid until February 29, 2024 (T&Cs apply).
Get one brokerage-free trade per month for the first 12 months for US or ASX markets. T&Cs apply.
Saxo Invested
$3
$0
ASX shares, Global shares, Options trading, US shares, ETFs
Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
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Is it a good time to buy ASX stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. 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.

ASX price performance over time

Historical closes compared with the last close of A$64.02

1 week (2024-02-15) -5.62%
1 month (2024-01-22) -3.42%
3 months (2023-11-22) 12.12%
6 months (2023-08-22) 11.20%
1 year (2023-02-22) -6.36%
2 years (2022-02-22) -22.80%
3 years (2021-02-22) -6.02%
5 years (2019-02-22) -8.93%

Is ASX under- or over-valued?

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

ASX's P/E ratio

ASX's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 39x. In other words, ASX shares trade at around 39x recent earnings.

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

ASX's EBITDA

ASX's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.1 billion (£0.0 million).

The EBITDA is a measure of a ASX's overall financial performance and is widely used to measure stock profitability.

ASX financials

Revenue TTM $1.5 billion
Operating margin TTM 71.04%
Gross profit TTM $1.1 billion
Return on assets TTM 4.32%
Return on equity TTM 13.02%
Profit margin 31.31%
Book value 18.861
Market capitalisation $12.4 billion

TTM: trailing 12 months

ASX's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like ASX.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

ASX's total ESG risk score

Total ESG risk: 25.6

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and ASX's overall score of 25.6 (as at 12/31/2018) is pretty good – landing it in it in the 20th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like ASX is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

ASX's environmental score

Environmental score: 10.71/100

ASX's environmental score of 10.71 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that ASX is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

ASX's social score

Social score: 11.29/100

ASX's social score of 11.29 puts it squarely in the 9th percentile of companies rated in the same sector. This could suggest that ASX is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

ASX's governance score

Governance score: 12.59/100

ASX's governance score puts it squarely in the 9th percentile of companies rated in the same sector. That could suggest that ASX is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Environmental, social, and governance (ESG) summary

ASX Ltd was last rated for ESG on: 2019-01-01.

Total ESG score 25.6
Total ESG percentile 20.08
Environmental score 10.71
Environmental score percentile 9
Social score 11.29
Social score percentile 9
Governance score 12.59
Governance score percentile 9

ASX share dividends

Dividend payout ratio: 144.11% of net profits

Recently ASX has paid out, on average, around 144.11% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.15% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), ASX shareholders could enjoy a 3.15% return on their shares, in the form of dividend payments. In ASX's case, that would currently equate to about A$2.133 per share.

ASX'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 29 February 2024 (the "ex-dividend date").

Have ASX's shares ever split?

ASX's shares were split on a 1.0145:1 basis on 20 March 2000. So if you had owned 1 share the day before the split, the next day you would own 1.0145 shares. This wouldn't directly have changed the overall worth of your ASX shares – just the quantity. However, indirectly, the new 1.4% lower share price could have impacted the market appetite for ASX shares which in turn could have impacted ASX's share price.

ASX share price volatility

Over the last 12 months, ASX's shares have ranged in value from as little as $53.98 up to $69.5852. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while ASX's is 0.293. This would suggest that ASX's shares are less volatile than average (for this exchange).

ASX overview

ASX Limited operates as a multi-asset class and integrated exchange company in Australia and internationally. The company provides education programs, research and insights, investor access and peer group networking; distribution facility for quoted exchange traded funds (ETFs) and debt securities. It is also involved in the trading of futures and options on interest rate, equity index, agriculture and energy products, and options over individual securities; cash market trading of equities, warrants, exchange-traded funds, and debt securities; and clearing of exchange-traded derivatives and over-the-counter interest rate and equity derivatives. In addition, it offers information services, including pricing and trading data; technical services, such as s market access, connectivity, hosting and co-location services; central counterparty clearing and settlement services for equities; settlement, depository, and registry services for debt securities; and payment platform for property transactions, high value payments and electricity providers. The company was incorporated in 1987 and is based in Sydney, Australia.

Past developments

15 December 2022: Australia's corporate regulator ASIC has ordered ASX Ltd to ensure stability of its trading system after a failed attempt by the bourse operator to replace its ageing software. The Reserve Bank of Australia (RBA) has also asked ASX to publicly respond to the 45 recommendations made by its independent reviewer Accenture by 30 June next year.
13 January 2023: Brokerage Citi has cut its price target on ASX Ltd. shares to $70. It lowered its FY23 earnings per share (EPS) forecast by 3% and FY24 and FY25 EPS by 4%, citing multiple challenges surrounding the company, including the replacement of its ageing clearing and settlement system.

Frequently asked questions

  1. EOD price data and company information for ASX accessed 22 Feb 2024
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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