# ASOS Plc (ASC.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Internet & Direct Marketing Retail. Price 429p, market value 513 millionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). ASOS Plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.1×**. Each dollar of revenue is priced at 0.1×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 6.0×**. The shares trade at 6.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 75.0×**. Enterprise value is 75.0× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 37.8%** (5-yr avg -0.0%). Free cash flow equals 37.8% of the market value, above its five-year average of -0.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 40.6%**. ASOS Plc keeps 40.6% of revenue after the direct cost of what it sells.
- **Operating margin: -1.0%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -12.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: -140.5%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -7.9%**. Return on all capital, debt included, is -7.9%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -31.4%**. Each dollar of assets produces -31.4% of profit.

## Growth
- **Revenue growth (1 yr): -14.9%** (3-yr -14.4%/yr, 5-yr -5.5%/yr). Revenue fell 14.9% over the last year, against -5.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 12.0%**. Earnings per share rose 12.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 3.43**. Debt is 3.43 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 33.3×**. It would take 33.3 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: -0.4×**. Operating profit covers interest only -0.4×: fragile.
- **Current ratio: 1.02** (quick 0.49). Current assets cover the next year's liabilities 1.02 times.
- **Altman Z-score: 1.79**. A Z-score of 1.79 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. ASOS Plc does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover ASOS Plc; the consensus is buy, with an average price target of 371p (-13% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 48.7%** (YTD 48.7%, 3-mo 47.4%). The shares are up 48.7% over twelve months including dividends.
- **From 52-week high: -1.5%** (107.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 67**. An RSI of 67 is neutral.
- **Beta (1 yr): 0.93** (volatility 53%). Beta of 0.93 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ASC.L · Page: https://foliofundamentals.com/stocks/asc.l

Not investment advice.