We’ve recently updated our valuation analysis.

Abacus Property Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ABP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.9x
Enterprise Value/EBITDA18.1x
PEG Ratio-0.3x

Price to Earnings Ratio vs Peers

How does ABP's PE Ratio compare to its peers?

The above table shows the PE ratio for ABP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.1x
GOZ Growthpoint Properties Australia
5.4x-15.4%AU$2.5b
CNI Centuria Capital Group
72x19.7%AU$1.5b
GPT GPT Group
7.4x-1.4%AU$8.8b
CLW Charter Hall Long WALE REIT
3.7x-29.5%AU$3.3b
ABP Abacus Property Group
4.8x-16.1%AU$2.5b

Price-To-Earnings vs Peers: ABP is good value based on its Price-To-Earnings Ratio (4.8x) compared to the peer average (22.1x).


Price to Earnings Ratio vs Industry

How does ABP's PE Ratio compare vs other companies in the AU REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-5.9%
n/an/an/a

Price-To-Earnings vs Industry: ABP is good value based on its Price-To-Earnings Ratio (4.8x) compared to the Australian REITs industry average (6.9x)


Price to Earnings Ratio vs Fair Ratio

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

ABP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.8x
Fair PE Ratio8.2x

Price-To-Earnings vs Fair Ratio: ABP is good value based on its Price-To-Earnings Ratio (4.8x) compared to the estimated Fair Price-To-Earnings Ratio (8.2x).


Share Price vs Fair Value

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

Below Fair Value: ABP (A$2.77) is trading above our estimate of fair value (A$2.47)

Significantly Below Fair Value: ABP is trading above our estimate of fair value.


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 ABP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.77
AU$3.06
+10.4%
6.1%AU$3.30AU$2.66n/a10
Jan ’24AU$2.63
AU$3.09
+17.3%
6.2%AU$3.30AU$2.64n/a9
Dec ’23AU$2.77
AU$3.09
+11.4%
6.2%AU$3.30AU$2.64n/a9
Nov ’23AU$2.81
AU$3.31
+17.6%
7.4%AU$3.70AU$2.90n/a9
Oct ’23AU$2.49
AU$3.31
+32.8%
7.4%AU$3.70AU$2.90n/a9
Sep ’23AU$2.67
AU$3.29
+23.4%
7.6%AU$3.70AU$2.90n/a9
Aug ’23AU$2.92
AU$3.35
+14.8%
6.8%AU$3.70AU$3.00n/a8
Jul ’23AU$2.63
AU$3.51
+33.5%
7.7%AU$4.05AU$3.20n/a8
Jun ’23AU$2.97
AU$3.60
+21.2%
9.2%AU$4.10AU$3.20n/a8
May ’23AU$3.29
AU$3.68
+11.7%
7.2%AU$4.10AU$3.30n/a8
Apr ’23AU$3.30
AU$3.67
+11.3%
7.3%AU$4.10AU$3.30n/a8
Mar ’23AU$3.48
AU$3.68
+5.6%
7.1%AU$4.10AU$3.30n/a8
Feb ’23AU$3.45
AU$3.61
+4.6%
7.8%AU$4.05AU$3.10n/a8
Jan ’23AU$3.79
AU$3.50
-7.6%
6.8%AU$3.80AU$3.10AU$2.638
Dec ’22AU$3.52
AU$3.50
-0.5%
6.8%AU$3.80AU$3.10AU$2.778
Nov ’22AU$3.57
AU$3.47
-2.8%
6.8%AU$3.80AU$3.10AU$2.817
Oct ’22AU$3.50
AU$3.42
-2.3%
6.2%AU$3.70AU$3.10AU$2.497
Sep ’22AU$3.48
AU$3.33
-4.3%
7.7%AU$3.70AU$2.84AU$2.678
Aug ’22AU$3.17
AU$3.16
-0.3%
6.2%AU$3.40AU$2.84AU$2.927
Jul ’22AU$3.18
AU$3.05
-4.2%
7.2%AU$3.40AU$2.73AU$2.637
Jun ’22AU$3.01
AU$2.96
-1.7%
5.2%AU$3.20AU$2.73AU$2.976
May ’22AU$3.03
AU$2.94
-2.9%
4.5%AU$3.10AU$2.73AU$3.296
Apr ’22AU$2.79
AU$2.94
+5.5%
4.5%AU$3.10AU$2.73AU$3.306
Mar ’22AU$2.74
AU$2.94
+7.4%
4.5%AU$3.10AU$2.73AU$3.486
Feb ’22AU$2.73
AU$2.96
+8.3%
6.1%AU$3.15AU$2.64AU$3.455
Jan ’22AU$2.87
AU$2.90
+1.0%
8.4%AU$3.10AU$2.50AU$3.794

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


Discover undervalued companies