Bourse operator ASX hits 8-year low; Morningstar cuts fair value after regulator fine

ASX

17/12/2025 03:24

Updates

** Shares of Australia's bourse operator ASX ASX.AX fall 0.9% to A$51.615, their lowest point since early October 2017

** Analysts at Morningstar lower fair value estimate for co by 4% to A$70, and reiterate "undervalued" rating

** The investment research firm sees high near-term spending by co amid stiff media and regulatory scrutiny

** The Australian regulator on Monday imposed additional A$150 million ($99.56 million) charge on ASX

** ASX to cut its dividend payout ratio to 75%-85% of underlying NPAT, with payout ratio expected to be at the bottom end of the range for at least the next three allocations

** However, Morningstar expects operating margins to resume growing in FY29 and return to high-50s at the end of FY35

** ASX down 20.8% YTD

($1 = 1.5067 Australian dollars)

 (Reporting by Keshav Singh Chundawat and Shruti Agarwal in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))