The best stock screener for Australian stocks handles the ASX's two halves: a few hundred real businesses and a long tail of mining and biotech microcaps. It also lets you filter by fundamentals, not just price, and shows the figures in a currency you can compare.
Short answer: ScreenerHero is the direct choice if you want to filter ASX stocks by fundamentals for free and without an account, alongside the US, Canada and Europe. Simply Wall St is better for understanding one company visually. TradingView is better for charts. Morningstar suits fund and analyst-led research. The comparison follows.
What an ASX screener has to get right
1. The full exchange
The ASX lists more than 2,000 companies. ScreenerHero covers 2,228 ASX stocks. About 207 are worth more than 1 billion euros, about 595 more than 100 million, and about 1,060 less than 50 million. A tool limited to the S&P/ASX 200 hides most of the exchange.
2. Quality filters for the long tail
With so many explorers and early-stage biotechs, you need filters that separate real businesses from cash-burners: revenue, profitability, free cash flow, debt and cash. Without them, sorting by market cap or price gives you noise.
3. Sector-specific ratios
Miners, banks, healthcare and property all need different ratios. The sector filter should let you compare each group on its own terms. The ASX guide lists what to use for each.
4. Currency handling
Prices are in Australian dollars, but some ASX companies report in another currency (BHP reports in US dollars, for example). A screener should convert market caps and let you display results in your own currency.
5. Franking and dividends
Australian dividends can carry franking credits. Most tools show the yield and not the credit, so you need to know it exists when you compare Australian yields with foreign ones.
The main options compared
| Tool | Best for | ASX coverage | Cost to screen |
|---|---|---|---|
| ScreenerHero | Fundamental screening across the ASX and other regions | 2,228 ASX stocks | Free screener, no account; one-time paid plan for the rest |
| Simply Wall St | Visual company analysis for beginners | Broad | Free tier with limits; paid plans monthly |
| TradingView | Charts, technical alerts, global coverage | Broad | Free plan with limits; paid plans monthly |
| Morningstar | Fund research, analyst reports | Broad | Free tier; premium subscription |
| Finviz | US stocks | None for the ASX | US-only |
Simply Wall St explains one company at a time with visual summaries, which suits investors who are still learning to read financial ratios. A screener is better at finding companies in the first place. Many investors use one to build the shortlist and the other to review it.
TradingView is the stronger choice for charting, technical alerts and scripting. If your process starts from chart patterns, use it. If it starts from P/E, ROE and EV/EBITDA, a fundamental screener is faster.
Morningstar is better for funds, star ratings and analyst opinion. ScreenerHero is a stock screener with its own formula-based Moat Score on reported metrics, not an analyst rating.
ScreenerHero has 40 or more filters, a table that updates as you change a filter, and end-of-day data. It has no real-time quotes or options data, and its financial history is annual.
How to screen ASX stocks with ScreenerHero
Open the screener with the ASX selected. No account is needed.
- Set a size floor. 100 million euros removes most shells and leaves about 595 stocks.
- Pick the sector. Basic Materials is the largest by count, with close to 900 stocks. Healthcare has about 200, financial services about 240 and real estate about 70.
- Apply the right ratio for that group. See the ROIC guide and free cash flow yield for quality checks.
- Check for dilution and cash. Look at shares outstanding over time for any company that spends more than it earns.
- Add insiders. Insider buying is one of the few signals that is hard to fake in small caps.
Three starting screens
Profitable mid-sized ASX companies
- Exchange: ASX
- Market cap above 500 million euros
- ROE above 12%
- Sort by: market cap descending
ASX value candidates
- Exchange: ASX
- Market cap above 100 million euros
- P/E below 15
- Debt to equity below 1
ASX dividend payers
- Exchange: ASX
- Dividend yield above 4%
- Payout ratio below 90%
- Market cap above 300 million euros
- Sort by: dividend yield descending
You can also select the ASX together with New Zealand, Canada or Europe in the same screen. The New Zealand guide covers the NZX, which shares many companies with the ASX.