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APZ

Aspen GroupASX:APZ Stock Report

Last Price

AU$1.71

Market Cap

AU$234.5m

7D

-0.3%

1Y

47.6%

Updated

20 Jan, 2022

Data

Company Financials +
APZ fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health2/6
Dividends3/6

APZ Stock Overview

Formed in 2001, Aspen Group is an ASX listed property group strategically focused on providing “value for money” accommodation.

Price History & Performance

Summary of all time highs, changes and price drops for Aspen Group
Historical stock prices
Current Share PriceAU$1.71
52 Week HighAU$1.80
52 Week LowAU$1.13
Beta0.49
1 Month Change-4.75%
3 Month Change6.56%
1 Year Change47.62%
3 Year Change75.77%
5 Year Change62.38%
Change since IPO-98.05%

Recent News & Updates

Shareholder Returns

APZAU REITsAU Market
7D-0.3%-1.4%-1.7%
1Y47.6%18.3%7.7%

Return vs Industry: APZ exceeded the Australian REITs industry which returned 18.3% over the past year.

Return vs Market: APZ exceeded the Australian Market which returned 7.7% over the past year.

Price Volatility

Is APZ's price volatile compared to industry and market?
APZ volatility
APZ Average Weekly Movement5.0%
REITs Industry Average Movement3.2%
Market Average Movement8.5%
10% most volatile stocks in AU Market15.3%
10% least volatile stocks in AU Market3.6%

Stable Share Price: APZ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: APZ's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2001n/aJohn Carterhttps://www.aspengroup.com.au

Formed in 2001, Aspen Group is an ASX listed property group strategically focused on providing “value for money” accommodation. The accommodation sector is considered to have positive long term structural characteristics, with an enduring customer need and effective capital utilisation. Aspen has been a leading owner and manager of holiday and accommodation parks since 2004.

Aspen Group Fundamentals Summary

How do Aspen Group's earnings and revenue compare to its market cap?
APZ fundamental statistics
Market CapAU$234.47m
Earnings (TTM)AU$25.39m
Revenue (TTM)AU$35.52m

9.4x

P/E Ratio

6.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
APZ income statement (TTM)
RevenueAU$35.52m
Cost of RevenueAU$15.21m
Gross ProfitAU$20.31m
Expenses-AU$5.08m
EarningsAU$25.39m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin57.19%
Net Profit Margin71.48%
Debt/Equity Ratio53.0%

How did APZ perform over the long term?

See historical performance and comparison

Dividends

3.9%

Current Dividend Yield

58%

Payout Ratio

Valuation

Is Aspen Group undervalued compared to its fair value and its price relative to the market?

20.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: APZ (A$1.71) is trading below our estimate of fair value (A$2.16)

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


Price To Earnings Ratio

PE vs Industry: APZ is good value based on its PE Ratio (9.4x) compared to the Australian REITs industry average (9.8x).

PE vs Market: APZ is good value based on its PE Ratio (9.4x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: APZ is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: APZ is overvalued based on its PB Ratio (1.5x) compared to the AU REITs industry average (1.2x).


Future Growth

How is Aspen Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: APZ's forecast earnings growth (13.6% per year) is above the savings rate (1.9%).

Earnings vs Market: APZ's earnings (13.6% per year) are forecast to grow faster than the Australian market (11.4% per year).

High Growth Earnings: APZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: APZ's revenue is expected to decline over the next 3 years (-2.7% per year).

High Growth Revenue: APZ's revenue is forecast to decline over the next 3 years (-2.7% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if APZ's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Aspen Group performed over the past 5 years?

61.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: APZ has a large one-off gain of A$19.3M impacting its June 30 2021 financial results.

Growing Profit Margin: APZ's current net profit margins (71.5%) are higher than last year (38.6%).


Past Earnings Growth Analysis

Earnings Trend: APZ's earnings have grown significantly by 61.1% per year over the past 5 years.

Accelerating Growth: APZ's earnings growth over the past year (113.9%) exceeds its 5-year average (61.1% per year).

Earnings vs Industry: APZ earnings growth over the past year (113.9%) exceeded the REITs industry 106.4%.


Return on Equity

High ROE: APZ's Return on Equity (16.6%) is considered low.


Financial Health

How is Aspen Group's financial position?


Financial Position Analysis

Short Term Liabilities: APZ's short term assets (A$13.4M) exceed its short term liabilities (A$12.1M).

Long Term Liabilities: APZ's short term assets (A$13.4M) do not cover its long term liabilities (A$81.8M).


Debt to Equity History and Analysis

Debt Level: APZ's net debt to equity ratio (47.6%) is considered high.

Reducing Debt: Insufficient data to determine if APZ's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: APZ's debt is not well covered by operating cash flow (15.8%).

Interest Coverage: APZ's interest payments on its debt are well covered by EBIT (5.5x coverage).


Balance Sheet


Dividend

What is Aspen Group current dividend yield, its reliability and sustainability?

3.87%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: APZ's dividend (3.87%) is higher than the bottom 25% of dividend payers in the Australian market (2.21%).

High Dividend: APZ's dividend (3.87%) is low compared to the top 25% of dividend payers in the Australian market (5.47%).


Stability and Growth of Payments

Stable Dividend: APZ's dividend payments have been volatile in the past 10 years.

Growing Dividend: APZ's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (57.9%), APZ's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: APZ's dividends in 3 years are forecast to be covered by earnings (58.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

John Carter (57 yo)

2.83yrs

Tenure

AU$705,005

Compensation

Mr. John Carter, MBA (Syd), BAppSc (Property Resource Mgmt) (UniSA), AAPI, GAICD, serves as Executive Director & Joint Chief Executive Officer at Aspen Group since March 14, 2019. Mr. Carter is a Managing...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD509.07K) is about average for companies of similar size in the Australian market ($USD531.48K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: APZ's management team is considered experienced (4.1 years average tenure).


Board Members

Experienced Board: APZ's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: APZ insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.9%.


Top Shareholders

Company Information

Aspen Group's employee growth, exchange listings and data sources


Key Information

  • Name: Aspen Group
  • Ticker: APZ
  • Exchange: ASX
  • Founded: 2001
  • Industry: Diversified REITs
  • Sector: Real Estate
  • Implied Market Cap: AU$234.475m
  • Shares outstanding: 139.57m
  • Website: https://www.aspengroup.com.au

Location

  • Aspen Group
  • 285A Crown Street
  • Upper Ground Floor
  • Surry Hills
  • New South Wales
  • 2010
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 07:02
End of Day Share Price2022/01/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.