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Ashley Services Group (ASH) Fair Value & Analysis

Industrials · AU · Market cap A$34.2M

AS Ashley Services Group ASH · AU
PriceA$0.2600
Fair ValueA$0.3700
Upside+42.3%
Quality95/100
Evidence: High Range A$0.2300 – A$0.5100

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Share price +23.3% over the past month.

Price vs Fair Value (12 months)

A$0.2698 A$0.1490 Fair Value A$0.3700 Jun 2025 Jun 2026

12‑month range A$0.1490 – A$0.2698 · fair‑value band A$0.2300 – A$0.5100 · the A$0.2600 price screens below the A$0.3700 fair value. As of Jun 24, 2026.

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Analysis

Ashley Services Group (ASH) currently trades at A$0.2600, while our model-based Fair Value estimate is A$0.3700 — implying the stock looks roughly 42.3% undervalued today. We read business quality at 95/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Ashley Services Group generated revenue of A$558M at a net margin of 0.7%. Revenue grew 15.8% year over year. It earns a return on equity of 11.4%. Net debt stands at A$14.3M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$558M
Revenue growth (YoY) +15.8%
Net margin 0.7%
Return on equity 11.4%
Free cash flow A$8.0M FY2025
P/E ratio 11.5
More key figures
Operating margin 2.0%
EPS (TTM) A$0.0200
Dividend yield 6.1%
EPS growth (YoY) +87.6%
Net debt A$14.3M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Ashley Services Group Limited provides labor hire, recruitment, and training services in Australia. The company offers labor hiring services for supply chain and warehousing, transport and logistics, e-commerce, defense, merchandising, layout services, rail, construction, manufacturing, and horticulture. It also provides technical services across various industries, including construction, engineering services, rail, project management, oil, gas, and mining and maintenance. In addition, the company offers training and upskilling services through its courses, such as civil construction, supply chain operations, telecommunications technology, data and voice technology, business, disability, individual support, and early childhood, as well as rail industry qualifications comprising protection officers, safe working, track workers, and track vehicle operators. The company was founded in 1968 and is headquartered in Sydney, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ashley Services Group reported revenue of A$516M in FY2025 versus A$384M in FY2021, a compound +7.7%/yr. Reported net income was A$2.2M in FY2025, compounding −30.2%/yr from FY2021.

Revenue +7.7%/yr
FY21 A$384M
FY22 A$450M
FY23 A$549M
FY24 A$557M
FY25 A$516M
Net income −30.2%/yr
FY21 A$9.2M
FY22 A$11.3M
FY23 A$10.8M
FY24 A$1.4M
FY25 A$2.2M

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6 more Staffing & Employment Services stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Randstad N.V RANJY $15.03 $20.32 +35%
Adecco Group AHEXF $17.25 $29.31 +70%
Korn Ferry, KFY $73.30 $75.35 +3%
Robert Half Inc RHI $29.56 $20.66 -30%
TriNet Group TNET $43.10 $70.85 +64%
ManpowerGroup Inc MAN $33.55 $26.01 -22%

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Frequently asked questions

Is Ashley Services Group (ASH) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.3700 versus a price of A$0.2600 — about +42% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ASH?
Our 21-model fair value for Ashley Services Group is A$0.3700 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.2600.
What is the quality score of ASH?
Ashley Services Group has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ashley Services Group (ASH)?
Ashley Services Group reported trailing-twelve-month revenue of about A$558M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ASH?
The net profit margin of Ashley Services Group is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.
Does Ashley Services Group pay a dividend?
Ashley Services Group currently shows a dividend yield of about 6.09% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.