Assessing ASX Limited’s Valuation As CEO Helen Lofthouse Plans 2026 Exit After CHESS Modernisation Phase

Simply Wall St.

02/11

ASX (ASX:ASX) is back in focus after CEO and Managing Director Helen Lofthouse announced plans to step down in May 2026, as the group prepares for the first phase of the CHESS modernisation project. ...

网页链接

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2610302607"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2610302607\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2610302607?lang=zh_CN&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/1033402-choice1-main-header/1585186735944","is_english":true,"pubTime":"2026-02-11 06:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2610302607","market":"hk","top_or_hot":-1,"title":"Assessing ASX Limited’s Valuation As CEO Helen Lofthouse Plans 2026 Exit After CHESS Modernisation Phase","media":"Simply Wall St.","content":"<div>\n<p>ASX (ASX:ASX) is back in focus after CEO and Managing Director Helen Lofthouse announced plans to step down in May 2026, as the group prepares for the first phase of the CHESS modernisation project. ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/assessing-asx-limiteds-valuation-as-ceo-helen-lofthouse-plan\">网页链接</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Assessing ASX Limited’s Valuation As CEO Helen Lofthouse Plans 2026 Exit After CHESS Modernisation Phase</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAssessing ASX Limited’s Valuation As CEO Helen Lofthouse Plans 2026 Exit After CHESS Modernisation Phase\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-11 06:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/assessing-asx-limiteds-valuation-as-ceo-helen-lofthouse-plan><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX (ASX:ASX) is back in focus after CEO and Managing Director Helen Lofthouse announced plans to step down in May 2026, as the group prepares for the first phase of the CHESS modernisation project. ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/assessing-asx-limiteds-valuation-as-ceo-helen-lofthouse-plan\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASX.AU","symbol_name":"ASX LTD","start_time":0,"source_url":"https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/assessing-asx-limiteds-valuation-as-ceo-helen-lofthouse-plan","article_id":"2610302607","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/1033402-choice1-main-header/1585186735944"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/assessing-asx-limiteds-valuation-as-ceo-helen-lofthouse-plan","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610302607","pubTimestamp":1770762357,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"ASX (ASX:ASX) is back in focus after CEO and Managing Director Helen Lofthouse announced plans to step down in May 2026, as the group prepares for the first phase of the CHESS modernisation project.\nSee our latest analysis for ASX.\nThe CEO transition news lands after a mixed period for investors, with a 30 day share price return of 7.56% and a 1 year total shareholder return decline of 6.84%, suggesting that short term momentum contrasts with weaker multi year outcomes.\nIf this leadership...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"ASX.AU":"ASX LTD","BK7039":"金融交易所和数据"},"translate_title":"评估ASX Limited首席执行官Helen Lofthouse计划在国际象棋现代化阶段后于2026年退出，评估ASX Limited的估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ASX.AU":1},"content_text":"ASX (ASX:ASX) is back in focus after CEO and Managing Director Helen Lofthouse announced plans to step down in May 2026, as the group prepares for the first phase of the CHESS modernisation project. See our latest analysis for ASX. The CEO transition news lands after a mixed period for investors, with a 30 day share price return of 7.56% and a 1 year total shareholder return decline of 6.84%, suggesting that short term momentum contrasts with weaker multi year outcomes. If this leadership change has you reassessing market infrastructure names, it may be a useful time to broaden your watchlist with 3 top founder-led companies. With ASX trading close to its A$58.06 consensus price target and a value score of 1, the key question is whether recent CHESS progress and leadership plans are fully reflected in the price, or whether the market is accurately assessing its prospects. AdvertisementMost Popular Narrative: 3% Undervalued With ASX last closing at A$56.35 against a narrative fair value of A$58.06, the current pricing sits close to what that widely followed view suggests, while still leaving a small valuation gap tied to its earnings and revenue profile.  Progress on the multi-year technology modernization road map, including the upcoming go-live of the new CHESS settlement system, underpins operational efficiency, risk management, and resilience. This is expected to lower costs, improve customer experience, and ultimately expand net margins over the medium term.  Read the complete narrative. Curious what sits behind that modest valuation gap? The narrative leans heavily on steady top line growth, slightly slimmer margins, and a richer future earnings multiple. Want to see how those moving parts fit together? Result: Fair Value of A$58.06 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, that modest valuation gap could close quickly if CHESS execution stumbles, or if regulatory scrutiny lifts costs faster than ASX’s revenue can absorb. Find out about the key risks to this ASX narrative. Another View: Earnings Multiple Sends a Different Signal That 3% undervalued narrative sits awkwardly beside ASX trading on a P/E of 21.8x, compared with 20.9x for the Australian Capital Markets industry and a fair ratio of 15.5x. The share also looks cheaper than peers on 49.2x. Is the market overpaying, or are peers the real outliers? See what the numbers say about this price — find out in our valuation breakdown. ASX:ASX P/E Ratio as at Feb 2026 Build Your Own ASX Narrative If you look at this and think the story should read differently, you can test your own assumptions and build a custom view in minutes, starting with Do it your way. A great starting point for your ASX research is our analysis highlighting 2 important warning signs that could impact your investment decision. Looking for more investment ideas? If you stop here, you only see part of the picture. Use the Simply Wall St Screener now to uncover fresh stocks that could fit your approach.  Target quality at a discount by scanning our list of 10 high quality undervalued stocks that pair fundamentals with pricing that may appeal to value focused investors. Prioritise resilience by checking out 5 resilient stocks with low risk scores, highlighting companies our model views as having sturdier risk profiles. Hunt for potential future leaders with the screener containing 14 high quality undiscovered gems, pointing you toward companies that are not yet widely followed.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}