ASX Ltd

ASX: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$41.00	Kjm	Hdwsf

ASX Still Looks Overvalued Despite Market Rally

Jun 24, 2020

Wide moat rated ASX continues to look overvalued despite the strong market rebound following the coronavirus related sell-off. We’ve increased our fair value estimate by 4% to AUD 59.00 per share to reflect the time value of money impact on our financial model. However, at the current market price of AUD 85.51, the shares still look expensive.

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