Abacus Group

ASX:ABG Stock Report

Market Cap: AU$1.1b

Abacus Group Valuation

Is ABG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ABG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ABG (A$1.18) is trading below our estimate of fair value (A$1.57)

Significantly Below Fair Value: ABG is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ABG?

Key metric: As ABG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for ABG. This is calculated by dividing ABG's market cap by their current revenue.
What is ABG's PS Ratio?
PS Ratio5.5x
SalesAU$192.35m
Market CapAU$1.05b

Price to Sales Ratio vs Peers

How does ABG's PS Ratio compare to its peers?

The above table shows the PS ratio for ABG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5x
CMW Cromwell Property Group
4.6x6.3%AU$1.0b
COF Centuria Office REIT
4.3x-4.5%AU$704.9m
AOF Australian Unity Office Fund
7x-77.9%AU$198.1m
GDI GDI Property Group
4.2x2.3%AU$317.1m
ABG Abacus Group
5.5x1.2%AU$1.1b

Price-To-Sales vs Peers: ABG is expensive based on its Price-To-Sales Ratio (5.5x) compared to the peer average (5x).

Price to Sales Ratio vs Industry

How does ABG's PS Ratio compare vs other companies in the Global Office REITs Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
ABG 5.5xIndustry Avg. 4.9xNo. of Companies19PS03.67.210.814.418+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ABG is expensive based on its Price-To-Sales Ratio (5.5x) compared to the Global Office REITs industry average (4.9x).

Price to Sales Ratio vs Fair Ratio

What is ABG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ABG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.5x
Fair PS Ratio8.2x

Price-To-Sales vs Fair Ratio: ABG is good value based on its Price-To-Sales Ratio (5.5x) compared to the estimated Fair Price-To-Sales Ratio (8.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ABG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.18
AU$1.36
+15.0%
13.7%AU$1.75AU$1.15n/a7
Nov ’25AU$1.19
AU$1.36
+14.5%
13.7%AU$1.75AU$1.15n/a7
Oct ’25AU$1.23
AU$1.34
+9.2%
14.1%AU$1.75AU$1.15n/a7
Sep ’25AU$1.22
AU$1.34
+10.1%
14.1%AU$1.75AU$1.15n/a7
Aug ’25AU$1.11
AU$1.33
+20.8%
14.3%AU$1.75AU$1.16n/a7
Jul ’25AU$1.14
AU$1.35
+18.8%
13.5%AU$1.75AU$1.20n/a7
Jun ’25AU$1.14
AU$1.35
+18.8%
13.5%AU$1.75AU$1.20n/a7
May ’25AU$1.14
AU$1.35
+18.3%
13.5%AU$1.75AU$1.20n/a7
Apr ’25AU$1.25
AU$1.54
+22.9%
34.2%AU$2.85AU$1.20n/a8
Mar ’25AU$1.12
AU$1.54
+37.2%
34.2%AU$2.85AU$1.20n/a8
Feb ’25AU$1.08
AU$1.57
+45.6%
32.8%AU$2.85AU$1.20n/a8
Jan ’25AU$1.15
AU$1.62
+40.5%
32.9%AU$2.85AU$1.15n/a7
Dec ’24AU$1.04
AU$1.73
+67.0%
33.6%AU$2.85AU$1.15n/a8
Nov ’24AU$0.98
AU$1.73
+76.4%
33.6%AU$2.85AU$1.15AU$1.198
Oct ’24AU$1.05
AU$1.78
+70.2%
30.4%AU$2.85AU$1.35AU$1.238
Sep ’24AU$1.18
AU$1.98
+68.5%
30.5%AU$2.85AU$1.40AU$1.228
Aug ’24AU$1.37
AU$2.67
+95.6%
22.0%AU$3.40AU$1.45AU$1.119
Jul ’24AU$2.69
AU$3.06
+13.9%
8.1%AU$3.40AU$2.52AU$1.149
Jun ’24AU$2.59
AU$3.08
+18.9%
7.9%AU$3.40AU$2.52AU$1.1410
May ’24AU$2.69
AU$3.15
+17.0%
5.4%AU$3.40AU$2.90AU$1.149
Apr ’24AU$2.60
AU$3.15
+21.0%
5.4%AU$3.40AU$2.90AU$1.259
Mar ’24AU$2.80
AU$3.12
+11.5%
5.7%AU$3.40AU$2.90AU$1.1210
Feb ’24AU$2.86
AU$3.06
+7.0%
6.1%AU$3.30AU$2.66AU$1.0810
Jan ’24AU$2.63
AU$3.09
+17.3%
6.2%AU$3.30AU$2.64AU$1.159
Dec ’23AU$2.77
AU$3.09
+11.4%
6.2%AU$3.30AU$2.64AU$1.049
Nov ’23AU$2.81
AU$3.31
+17.6%
7.4%AU$3.70AU$2.90AU$0.989

Analyst Forecast: Target price is less than 20% higher than the current share price.

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