Abacus Group

ASX:ABG Stock Report

Market Cap: AU$1.0b

Abacus Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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$1.16) is trading below our estimate of fair value (A$1.56)

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 Ratio5.4x
SalesAU$192.35m
Market CapAU$1.04b

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 Average5.6x
CMW Cromwell Property Group
4.5x7.4%AU$995.2m
COF Centuria Office REIT
4.1x-4.5%AU$660.1m
AOF Australian Unity Office Fund
7.1x-77.9%AU$178.4m
ECF Elanor Commercial Property Fund
6.5xn/aAU$244.2m
ABG Abacus Group
5.4x1.2%AU$1.0b

Price-To-Sales vs Peers: ABG is good value based on its Price-To-Sales Ratio (5.4x) compared to the peer average (5.6x).

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 5.4xIndustry Avg. 4.6xNo. of Companies16PS03.26.49.612.816+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: ABG is expensive based on its Price-To-Sales Ratio (5.4x) compared to the Global Office REITs industry average (4.6x).

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 Ratio5.4x
Fair PS Ratio8.2x

Price-To-Sales vs Fair Ratio: ABG is good value based on its Price-To-Sales Ratio (5.4x) 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$1.16
AU$1.36
+17.0%
13.7%AU$1.75AU$1.15n/a7
Dec ’25AU$1.21
AU$1.36
+12.2%
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$1.15AU$1.218
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 23:51
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Abacus Group is covered by 17 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Russell WrightBarclay Pearce Capital Pty Limited
Steven TjiaBarrenjoey Markets Pty Limited