| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
APZ Stock Overview
Formed in 2001, Aspen Group is an ASX listed property group strategically focused on providing “value for money” accommodation.
Rewards
Risk Analysis
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$1.71 |
| 52 Week High | AU$1.80 |
| 52 Week Low | AU$1.13 |
| Beta | 0.49 |
| 1 Month Change | -4.75% |
| 3 Month Change | 6.56% |
| 1 Year Change | 47.62% |
| 3 Year Change | 75.77% |
| 5 Year Change | 62.38% |
| Change since IPO | -98.05% |
Recent News & Updates
Shareholder Returns
| APZ | AU REITs | AU Market | |
|---|---|---|---|
| 7D | -0.3% | -1.4% | -1.7% |
| 1Y | 47.6% | 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
| APZ volatility | |
|---|---|
| APZ Average Weekly Movement | 5.0% |
| REITs Industry Average Movement | 3.2% |
| Market Average Movement | 8.5% |
| 10% most volatile stocks in AU Market | 15.3% |
| 10% least volatile stocks in AU Market | 3.6% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | n/a | John Carter | https://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
| APZ fundamental statistics | |
|---|---|
| Market Cap | AU$234.47m |
| Earnings (TTM) | AU$25.39m |
| Revenue (TTM) | AU$35.52m |
9.4x
P/E Ratio6.7x
P/S RatioIs APZ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| APZ income statement (TTM) | |
|---|---|
| Revenue | AU$35.52m |
| Cost of Revenue | AU$15.21m |
| Gross Profit | AU$20.31m |
| Expenses | -AU$5.08m |
| Earnings | AU$25.39m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.18 |
| Gross Margin | 57.19% |
| Net Profit Margin | 71.48% |
| Debt/Equity Ratio | 53.0% |
How did APZ perform over the long term?
See historical performance and comparisonDividends
3.9%
Current Dividend Yield58%
Payout RatioValuation
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/20 07:02 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.