ASX (ASX:ASX) Shares Valuation Check As CHESS Setback And New CEO Focus Attention On Modernisation

Simply Wall St.

Jun 13

Interest in ASX (ASX:ASX) has sharpened as the exchange works through technology modernisation, ongoing scrutiny of the failed CHESS replacement project, and the appointment of ex Euronext executive ...

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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\">\nASX (ASX:ASX) Shares Valuation Check As CHESS Setback And New CEO Focus Attention On Modernisation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-13 04:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/asx-asxasx-shares-valuation-check-as-chess-setback-and-new-c><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Interest in ASX (ASX:ASX) has sharpened as the exchange works through technology modernisation, ongoing scrutiny of the failed CHESS replacement project, and the appointment of ex Euronext executive ...</p>\n\n<a href=\"https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/asx-asxasx-shares-valuation-check-as-chess-setback-and-new-c\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DCF","symbol_name":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","start_time":0,"source_url":"https://simplywall.st/stocks/au/diversified-financials/asx-asx/asx-shares/news/asx-asxasx-shares-valuation-check-as-chess-setback-and-new-c","article_id":"2643216831","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/asx-asxasx-shares-valuation-check-as-chess-setback-and-new-c","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2643216831","pubTimestamp":1781296066,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Interest in ASX (ASX:ASX) has sharpened as the exchange works through technology modernisation, ongoing scrutiny of the failed CHESS replacement project, and the appointment of ex Euronext executive Anthony Attia as incoming CEO.\nSee our latest analysis for ASX.\nThe 1-day share price return of 0.78% and 7-day share price return of 3.19% sit against a weaker 30-day share price return, down 14.2%, with the 1-year total shareholder return down 29.9%. This indicates pressure on sentiment even as...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc","ASX.AU":"ASX LTD","BK7039":"金融交易所和数据"},"translate_title":"ASX(ASX：ASX)股价因国际象棋受挫而接受估值检查，新任首席执行官将注意力集中在现代化上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCF":1,"ASX.AU":1.5},"content_text":"Interest in ASX (ASX:ASX) has sharpened as the exchange works through technology modernisation, ongoing scrutiny of the failed CHESS replacement project, and the appointment of ex Euronext executive Anthony Attia as incoming CEO. See our latest analysis for ASX. The 1-day share price return of 0.78% and 7-day share price return of 3.19% sit against a weaker 30-day share price return, down 14.2%, with the 1-year total shareholder return down 29.9%. This indicates pressure on sentiment even as the market weighs ASX’s technology overhaul, CHESS remediation and leadership change. If you are weighing ASX against other opportunities linked to market infrastructure and capital markets, it can be useful to scan stocks connected to trading, data and clearing, including 35 power grid technology and infrastructure stocks With ASX shares down over the past year despite A$1,178.2m in revenue and A$522.7m in net income, plus a current price below some analyst targets, you have to ask: is there value here, or is the market already pricing in future growth? AdvertisementMost Popular Narrative: 11.5% Undervalued ASX last closed at A$49.20 while the most followed narrative pegs fair value at A$55.59, setting up a clear gap between market price and narrative view.  Strong growth in operating revenue from markets, data, and securities/payments businesses, combined with continued product and data innovation (e.g. new debt market and trading activity data products, accelerated technology modernisation, launch of scalable infrastructure-as-a-service solutions), positions ASX to capture ongoing revenue growth from increased digitization and financialization of the economy, particularly as retail and institutional participation rises.  Read the complete narrative. Curious what sits behind that fair value gap? The narrative leans heavily on recurring revenue, tech infrastructure upgrades and a richer mix of higher margin data services. The key is how these ingredients are projected to compound together. Result: Fair Value of A$55.59 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, you still need to weigh the risk that higher technology and compliance costs, as well as any setbacks on the CHESS upgrade, could pressure margins and sentiment. Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page. Another View: Cash Flows Point to Less Upside While the popular narrative suggests ASX is 11.5% undervalued at a fair value of A$55.59, the SWS DCF model points in the other direction, with a future cash flow value of A$46.55 against the current A$49.20 share price, implying the stock screens as overvalued on this method. So you have one lens that leans on earnings-based fair value and another that prices ASX below its current level. This raises a simple question: which set of assumptions do you trust more for long term cash generation risk? Look into how the SWS DCF model arrives at its fair value. ASX Discounted Cash Flow as at Jun 2026Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out ASX for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 6 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. Next Steps Sentiment looks split, with pressure on recent returns but also clear arguments for long term value. Act while the data is fresh, review both sides of the story and weigh the 1 key reward and 2 important warning signs Looking for more investment ideas? If you stop with just one stock, you risk missing opportunities that better match your goals, so widen your search before making your next move.  Target reliable compounding potential by checking out 6 high quality undervalued stocks that combine quality fundamentals with pricing that screens below many peers. Build an income focused watchlist using 6 dividend fortresses that offer higher yields while still meeting strict financial health checks. Prioritise capital protection with 8 resilient stocks with low risk scores that score well on balance sheet strength and volatility filters.   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":false,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}