Abacus Group (ASX:ABG) - Stock Price, News & Analysis

ABG Stock Overview

Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Commercial property and Self Storage sectors. More details

ABG fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 24.8% below our estimate of its fair value

Earnings are forecast to grow 53.58% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 7.2% is not well covered by free cash flows

Abacus Group Competitors

Cromwell Property Group

ASX:CMW

AU$1.0b

Centuria Office REIT

ASX:COF

AU$704.9m

Australian Unity Office Fund

ASX:AOF

AU$198.1m

GDI Property Group

ASX:GDI

AU$317.1m

Price History & Performance

Summary of all time highs, changes and price drops for Abacus Group
Historical stock prices
Current Share Price	AU$1.18
52 Week High	AU$1.36
52 Week Low	AU$1.00
Beta	1.16
11 Month Change	-6.35%
3 Month Change	4.89%
1 Year Change	15.69%
33 Year Change	-67.67%
5 Year Change	-69.59%
Change since IPO	-79.30%

Recent updates

Could The Abacus Property Group (ASX:ABP) Ownership Structure Tell Us Something Useful?

Feb 27

Abacus Property Group (ASX:ABP) Share Prices Have Dropped 28% In The Last Year

Jan 31

Insider Buying: The Abacus Property Group (ASX:ABP) Chairman Just Bought 21% More Shares

Jan 05

How Much Is Abacus Property Group's (ASX:ABP) CEO Getting Paid?

Dec 17

Have Insiders Been Buying Abacus Property Group (ASX:ABP) Shares This Year?

Nov 26

Shareholder Returns

	ABG	AU Office REITs	AU Market
7D	-2.9%	-2.3%	1.5%
1Y	15.7%	0.7%	17.2%

Return vs Industry: ABG exceeded the Australian Office REITs industry which returned 0.7% over the past year.

Return vs Market: ABG underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is ABG's price volatile compared to industry and market?
ABG volatility
ABG Average Weekly Movement	3.7%
Office REITs Industry Average Movement	3.1%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: ABG has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: ABG's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2001	n/a	Steven Sewell	www.abacusproperty.com.au

Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Commercial property and Self Storage sectors. We invest capital in real estate opportunities to deliver superior long term returns and maximise securityholder value. Abacus is a strong asset backed, annuity style business model where capital is directed towards assets that provide potential for enhanced income growth and ultimately create value.

Abacus Group Fundamentals Summary

How do Abacus Group's earnings and revenue compare to its market cap?
ABG fundamental statistics
Market cap	AU$1.05b
Earnings (TTM)	-AU$241.99m
Revenue (TTM)	AU$192.35m

5.5x

P/S Ratio

-4.4x

P/E Ratio

Is ABG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ABG income statement (TTM)
Revenue	AU$192.35m
Cost of Revenue	AU$43.59m
Gross Profit	AU$148.76m
Other Expenses	AU$390.75m
Earnings	-AU$241.99m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 23, 2025

Earnings per share (EPS)	-0.27
Gross Margin	77.34%
Net Profit Margin	-125.81%
Debt/Equity Ratio	58.4%

How did ABG perform over the long term?

See historical performance and comparison

Dividends

7.2%

Current Dividend Yield

85%

Payout Ratio

ABG Stock Overview

Rewards

Risk Analysis

Abacus Group Competitors

ASX:CMW

AU$1.0b

ASX:COF

AU$704.9m

ASX:AOF

AU$198.1m

ASX:GDI

AU$317.1m

Price History & Performance

Recent News & Updates

Now 21% undervalued

Insufficient new directors

Sally Herman to Retire from Abacus Group Board, Effective September 30, 2024

HMC Capital Limited (ASX:HMC) acquired Market Central Lutwyche from Abacus Group (ASX:ABG) and ISPT Retail Australia Property Trust managed by ISPT Pty Ltd for approximately AUD 120 million.

Full year 2024 earnings released: AU$0.27 loss per share (vs AU$0.27 loss in FY 2023)

Dividend of AU$0.043 announced

Recent updates

Now 21% undervalued

Insufficient new directors

Sally Herman to Retire from Abacus Group Board, Effective September 30, 2024

HMC Capital Limited (ASX:HMC) acquired Market Central Lutwyche from Abacus Group (ASX:ABG) and ISPT Retail Australia Property Trust managed by ISPT Pty Ltd for approximately AUD 120 million.

Full year 2024 earnings released: AU$0.27 loss per share (vs AU$0.27 loss in FY 2023)

Dividend of AU$0.043 announced

Now 23% overvalued

Price target decreased by 14% to AU$1.35

Now 22% overvalued after recent price rise

Abacus Group, Annual General Meeting, Nov 20, 2024

Now 22% overvalued after recent price rise

First half 2024 earnings released: AU$0.16 loss per share (vs AU$0.095 profit in 1H 2023)

Upcoming dividend of AU$0.043 per share at 15% yield

Abacus Group to Report First Half, 2024 Results on Feb 27, 2024

Price target decreased by 7.2% to AU$1.62

Abacus Property Group Announces Dividend on ABP - Fully Paid Ordinary/Units Stapled Securities for the Six Months Ended December 31, 2023 Payable on February 29, 2024

Price target decreased by 10% to AU$1.78

Abacus Group(ASX:ABG) dropped from S&P/ASX 200 Index

New minor risk - Dividend sustainability

Full year 2023 earnings released: FFO per share: AU$0.2 (vs AU$0.19 in FY 2022)

Abacus Group Provides Distributions Guidance for the Fiscal Year 2024

Abacus Property Group Announces Executive Changes

Investor sentiment deteriorates as stock falls 53%

Price target decreased by 11% to AU$2.67

Now 42% undervalued after recent price drop

Upcoming dividend of AU$0.094 per share at 7.1% yield

Abacus Property Group Announces Dividend for the Six Months Ending June 30, 2023, Payable on August 31, 2023

Consensus EPS estimates fall by 10%

Non-Executive Director recently bought AU$50k worth of stock

First half 2023 earnings released: EPS: AU$0.095 (vs AU$0.38 in 1H 2022)

Now 21% undervalued

Upcoming dividend of AU$0.09 per share

Abacus Property Group Announces Dividend on ABP - FULLY PAID ORDINARY/UNITS STAPLED SECURITIES for the Six Months Ended Dec. 31, 2022 Payable on Feb. 28, 2022

Abacus Group Appoints Sally Herman as A Non-Executive Director, Effective 16 December 2022

Now 21% undervalued

Abacus Property Group Announces Retirement of Holly Kramer as Director

Abacus Property Group Announces Executive Changes

Abacus Property Group, Annual General Meeting, Nov 23, 2022

MD & Director recently bought AU$90k worth of stock

MD & Director recently bought AU$180k worth of stock

Abacus Property Group Provides Distribution Guidance for the Fiscal Year 2023

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Now 22% undervalued after recent price drop

Abacus Property Group Announces Dividend for the Six Months Ending June 30, 2022, Payable on August 31, 2022

Now 22% undervalued after recent price drop

Abacus Property Group Announces Executive Changes

Wing Tai Holdings Limited (SGX:W05) agreed to acquire remaining 50% stake in VACC House from Abacus Property Group (ASX:ABP) for AUD 49.4 million.

First half 2022 earnings: EPS and revenues miss analyst expectations

Australian Unity Office Fund Reportedly Eyes Asset Sales

Upcoming dividend of AU$0.087 per share

Abacus Property Group (ASX:ABP) agreed to acquire 77 Castlereagh Street, Sydney NSW for AUD 250 million.

MD & Director recently bought AU$409k worth of stock

Full year 2021 earnings released: FFO AU$0.18 per share (vs AU$0.19 in FY 2020)

Abacus Property Group Announces Special Distribution, Payable on September 30, 2021

High number of new directors

Abacus Property Group (ASX:ABP) agreed to acquire Portfolio of Five Self Storage Assets in Sydney from Storage King Funds Management Limited for AUD 160 million.

Upcoming dividend of AU$0.085 per share

Abacus Property Group (ASX:ABP) acquired remaining 60% stake in Oasis Shopping Centre, Broadbeach, Queensland from KKR & Co. Inc. (NYSE:KKR) for approximately AUD 100 million.

Could The Abacus Property Group (ASX:ABP) Ownership Structure Tell Us Something Useful?