ABACUS GROUP (ABG)
Share Price Analysis and Chart

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ABG - ABACUS GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: -5.19
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.085

30 Nov
2023

0.040

OPEN

$1.05

3.83%

HIGH

$1.09

1,462,487

LOW

$1.03

TARGET
$1.517 39.8% upside
OTHER COMPANIES IN THE SAME SECTOR
AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ABG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.9 7.8 xxx
DPS (cps) xxx 18.4 8.5 xxx
EPS Growth xxx - 95.3% 100.0% xxx
DPS Growth xxx - 0.5% - 53.8% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 8.2% xxx
Div Pay Ratio(%) xxx 645.6% 109.7% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 17.78

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.9
DPS All xxxxxxxxxxxxxxx18.4
Sales/Revenue xxxxxxxxxxxxxxx152.1 M
Book Value Per Share xxxxxxxxxxxxxxx376.2
Net Operating Cash Flow xxxxxxxxxxxxxxx153.1 M
Net Profit Margin xxxxxxxxxxxxxxx-156.68 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-6.94 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.97 %
Return on Assets xxxxxxxxxxxxxxx-4.32 %
Return on Equity xxxxxxxxxxxxxxx-6.94 %
Return on Total Capital xxxxxxxxxxxxxxx-4.17 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-21.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx1,007 M
Total Debt xxxxxxxxxxxxxxx1,007 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx72 M
Price To Book Value xxxxxxxxxxxxxxx0.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx8.3 M
Capex % of Sales xxxxxxxxxxxxxxx5.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx48 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx304 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,202 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

20/09/2023

1

Outperform

$1.35

24.42%

Macquarie reviews the investment thesis for Abacus Group following the de-stapling of Abacus Storage King ((ASK)) and now forecasts earnings of 9.3c per security, around the midpoint of the guidance range implied by the target payout ratio.

The broker assesses there is minimal downside risk to guidance although, having 11% of its office portfolio expiring in FY24 and 16% in FY25, achieving office leasing will be important as conditions are challenging.

The ASK investment comprises 23% of Macquarie's forecast FY24 operating EBIT for Abacus Group through fee and co-investment income. Outperform rating and $1.35 target.

FORECAST
Macquarie forecasts a full year FY24 dividend of 8.50 cents and EPS of 7.90 cents.
Macquarie forecasts a full year FY25 dividend of 8.70 cents and EPS of 8.20 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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ABG STOCK CHART

FNArena News on ABG

1
ESG Focus: The Little Big Things – 27-09-2023

Sep 27 2023 - ESG Focus
2
ESG Focus: Reporting Season A Cracker For ESG

Sep 14 2023 - ESG Focus
3
Australian Broker Call *Extra* Edition – Aug 31, 2023

Aug 31 2023 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Aug 22, 2023

Aug 22 2023 - Daily Market Reports
5
FNArena Corporate Results Monitor – 21-08-2023

Aug 21 2023 - Australia

Latest REITs News

1
Australian Listed Real Estate Tables – 27-11-2023

Nov 27 2023 - Weekly Reports
2
Australian Listed Real Estate Tables – 20-11-2023

Nov 20 2023 - Weekly Reports
3
Australian Listed Real Estate Tables – 13-11-2023

Nov 13 2023 - Weekly Reports
4
SMSFundamentals: A Comprehensive Guide To Australian REIT Investing

Nov 08 2023 - SMSFundamentals
5
Australian Listed Real Estate Tables – 08-11-2023

Nov 08 2023 - Weekly Reports
6
Australian Listed Real Estate Tables – 30-10-2023

Oct 30 2023 - Weekly Reports
7
Australian Listed Real Estate Tables – 23-10-2023

Oct 23 2023 - Weekly Reports
8
Australian Listed Real Estate Tables – 16-10-2023

Oct 16 2023 - Weekly Reports
9
Australian Listed Real Estate Tables – 10-10-2023

Oct 10 2023 - Weekly Reports
10
Australian Listed Real Estate Tables – 03-10-2023

Oct 03 2023 - Weekly Reports