Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Office and Self Storage sectors.
Abacus Property Group Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.68|
|52 Week High||AU$2.59|
|52 Week Low||AU$3.71|
|1 Month Change||1.94%|
|3 Month Change||15.36%|
|1 Year Change||27.78%|
|3 Year Change||11.18%|
|5 Year Change||33.33%|
|Change since IPO||-35.44%|
Recent News & Updates
|ABP||AU REITs||AU Market|
Return vs Industry: ABP exceeded the Australian REITs industry which returned 25.2% over the past year.
Return vs Market: ABP exceeded the Australian Market which returned 21.3% over the past year.
Stable Share Price: ABP is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ABP's weekly volatility (3%) has been stable over the past year.
About the Company
Abacus Property Group (ASX:ABP), is a diversified Australian REIT with an investment portfolio concentrated in the Office 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 Property Group Fundamentals Summary
|ABP fundamental statistics|
Is ABP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|ABP income statement (TTM)|
|Cost of Revenue||AU$64.41m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.44|
|Net Profit Margin||127.86%|
How did ABP perform over the long term?See historical performance and comparison
4.6%Current Dividend Yield
Is Abacus Property Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ABP (A$3.68) is trading below our estimate of fair value (A$5.3)
Significantly Below Fair Value: ABP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ABP is good value based on its PE Ratio (8.3x) compared to the Australian REITs industry average (9.8x).
PE vs Market: ABP is good value based on its PE Ratio (8.3x) compared to the Australian market (19.9x).
Price to Earnings Growth Ratio
PEG Ratio: ABP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: ABP is good value based on its PB Ratio (1.1x) compared to the AU REITs industry average (1.2x).
How is Abacus Property Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ABP's earnings are forecast to decline over the next 3 years (-16.3% per year).
Earnings vs Market: ABP's earnings are forecast to decline over the next 3 years (-16.3% per year).
High Growth Earnings: ABP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: ABP's revenue (7% per year) is forecast to grow faster than the Australian market (5.5% per year).
High Growth Revenue: ABP's revenue (7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ABP's Return on Equity is forecast to be low in 3 years time (5.5%).
How has Abacus Property Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ABP has a large one-off gain of A$243.6M impacting its June 30 2021 financial results.
Growing Profit Margin: ABP's current net profit margins are higher than last year (29.8%).
Past Earnings Growth Analysis
Earnings Trend: ABP's earnings have declined by 6.4% per year over the past 5 years.
Accelerating Growth: ABP's earnings growth over the past year (336%) exceeds its 5-year average (-6.4% per year).
Earnings vs Industry: ABP earnings growth over the past year (336%) exceeded the REITs industry 106.4%.
Return on Equity
High ROE: ABP's Return on Equity (12.7%) is considered low.
How is Abacus Property Group's financial position?
Financial Position Analysis
Short Term Liabilities: ABP's short term assets (A$257.9M) exceed its short term liabilities (A$124.2M).
Long Term Liabilities: ABP's short term assets (A$257.9M) do not cover its long term liabilities (A$1.0B).
Debt to Equity History and Analysis
Debt Level: ABP's debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: ABP's debt to equity ratio has reduced from 48.3% to 34.1% over the past 5 years.
Debt Coverage: ABP's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: ABP's interest payments on its debt are well covered by EBIT (7.3x coverage).
What is Abacus Property Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ABP's dividend (4.62%) is higher than the bottom 25% of dividend payers in the Australian market (2.23%).
High Dividend: ABP's dividend (4.62%) is low compared to the top 25% of dividend payers in the Australian market (5.3%).
Stability and Growth of Payments
Stable Dividend: ABP's dividends per share have been stable in the past 10 years.
Growing Dividend: ABP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45%), ABP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ABP's dividends in 3 years are forecast to be covered by earnings (93.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steven Sewell (55 yo)
Mr. Steven Craig Sewell, BSc, has been Managing Director of Macquarie Infrastructure and Real Assets (Europe) Limited since July 02, 2018. He has been Managing Director of Abacus Property Group since April...
CEO Compensation Analysis
Compensation vs Market: Steven's total compensation ($USD2.05M) is above average for companies of similar size in the Australian market ($USD1.40M).
Compensation vs Earnings: Steven's compensation has increased by more than 20% in the past year.
Experienced Management: ABP's management team is considered experienced (3.9 years average tenure).
Experienced Board: ABP's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ABP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 25%.
Abacus Property Group's employee growth, exchange listings and data sources
- Name: Abacus Property Group
- Ticker: ABP
- Exchange: ASX
- Founded: 1996
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$3.061b
- Shares outstanding: 831.82m
- Website: https://www.abacusproperty.com.au
Number of Employees
- Abacus Property Group
- Australia Square
- Level 34
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 07:01|
|End of Day Share Price||2021/10/22 00:00|
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.