ASOS – sell side consensus forecast
| FY25 | FY26 | FY27 | |||||||||
| Consensus | Minimum | Maximum | Consensus | Minimum | Maximum | Consensus | Minimum | Maximum | |||
| Total sales growth % | (6.1)% | (9.1)% | (1.7)% | 3.2% | (2.3)% | 7.6% | 3.3% | 0.0% | 5.0% | ||
| Total sales growth % (CCY) | (5.7)% | (8.6)% | (1.5)% | 3.8% | (2.3)% | 7.6% | 3.1% | 0.1% | 5.0% | ||
| Adjusted EBITDA £m | £139m | £125m | £150m | £177m | £141m | £204m | £210m | £185m | £220m | ||
| Adjusted EBITDA % | 5.1% | 4.7% | 5.7% | 6.3% | 5.3% | 7.7% | 7.3% | 6.7% | 8.5% | ||
| Capex £m | £131m | £126m | £139m | £124m | £100m | £140m | £126m | £100m | £150m | ||
| Net Cash/(Net Debt) £m | (£185m) | (£323m) | (£134m) | (£186m) | (£303m) | (£105m) | (£123m) | (£288m) | £70m | ||
Reflecting 12 contributors. Last updated: 31st March 2025.
The adjusted figures above include only the models that are based on the below definitions:
- Total sales growth % (CCY): YoY total sales growth adjusted for the impact of foreign exchange translation and excluding any adjusting items.
- Adjusted EBITDA £m: Profit before tax, interest, depreciation, amortisation, impairments and adjusting items.
- Adjusted EBITDA margin %: Adjusted EBITDA divided by adjusted total sales.
- Capex is excluding any IFRS16 capitalised leases
- Net Cash / (Net Debt): Cash and cash equivalents less the carrying value of borrowings (including accrued interest) drawn down at period-end, but excluding outstanding lease liabilities. The forecasts only include analysts who have included the TSTM JV and re-financing impact.
Please note that any opinions, estimates or forecasts regarding ASOS' performance made by analysts are theirs alone and do not represent opinions, forecasts or predictions of ASOS or its management. ASOS does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations. ASOS has not commented on or verified any individual opinions, estimates or forecasts, nor does it intend to do so in the future, and ASOS shall not be liable for any errors in the content of the analysts’ research material, or for any action taken in reliance thereon. Furthermore, ASOS may at any time be in possession of information that may affect analysts’ opinions, estimates or forecasts and ASOS has not commented upon, reviewed or updated, and is under no obligation to comment upon, review or update, their research.
