ABACUS STORAGE KING (ASK)
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ASK - ABACUS STORAGE KING

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.085

30 Nov
2023

0.015

OPEN

$1.08

1.40%

HIGH

$1.10

3,282,341

LOW

$1.07

TARGET
$1.20 10.6% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . 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
ASK: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx N/A N/A xxx
DPS (cps) xxx N/A N/A xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

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

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

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
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Title 2023
EPS Basic 1.6
DPS All 0.0
Sales/Revenue 201.7 M
Book Value Per Share 19.9
Net Operating Cash Flow 99.4 M
Net Profit Margin 10.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2023
Return on Capital Employed 8.23 %
Return on Invested Capital 5.53 %
Return on Assets 3.86 %
Return on Equity 8.23 %
Return on Total Capital 24.73 %
Free Cash Flow ex dividends 91.6 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 2023
Short-Term Debt 87 M
Long Term Debt 86 M
Total Debt 173 M
Goodwill - Gross 33 M
Cash & Equivalents - Generic 22 M
Price To Book Value -

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2023
Capex 7.8 M
Capex % of Sales 3.85 %
Cost of Goods Sold 77 M
Selling, General & Admin. Exp & Other 12 M
Research & Development -
Investments - Total 290 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

23/11/2023

1

Buy

$1.20

10.60%

Abacus Storage King provided a trading update at its AGM highlighting growth in both rent and revenue per available square metre in the established portfolio. Developments remain on plan with gearing within target, Citi notes.

Distribution guidance for FY24 of 6cps with a target payout range of 90% to 100% of funds from operations was reiterated. The REIT trades at a -33% discount to net tangible asset valuation and a forecast FY24 yield of 5.7%, Citi calculates.

Buy and $1.20 target retained.

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