Aspen Group
Market Cap
AU$136.2m
Last Updated
2021/03/01 07:02 UTC
Data Sources
Company Financials +
Executive Summary
Formed in 2001, Aspen Group is an ASX listed property group strategically focused on providing “value for money” accommodation. More Details
Rewards
Risk Analysis
Snowflake Analysis
Good value with adequate balance sheet and pays a dividend.
Share Price & News
How has Aspen Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: APZ is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: APZ's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
0.9%
APZ
-0.06%
AU REITs
-1.6%
AU Market
1 Year Return
3.1%
APZ
-13.5%
AU REITs
8.6%
AU Market
Return vs Industry: APZ exceeded the Australian REITs industry which returned -13.5% over the past year.
Return vs Market: APZ underperformed the Australian Market which returned 8.6% over the past year.
Shareholder returns
| APZ | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.9% | -0.06% | -1.6% |
| 30 Day | -1.3% | -2.9% | 1.2% |
| 90 Day | -2.9% | -7.6% | 3.9% |
| 1 Year | 9.3%3.1% | -9.9%-13.5% | 12.2%8.6% |
| 3 Year | 34.5%15.3% | 25.2%8.6% | 28.2%12.8% |
| 5 Year | 36.0%0.4% | 42.8%11.4% | 61.7%30.2% |
Long-Term Price Volatility Vs. Market
How volatile is Aspen Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Should Aspen Group (ASX:APZ) Be Part Of Your Income Portfolio?1 year ago | Simply Wall St
The Aspen Group (ASX:APZ) Share Price Has Gained 14% And Shareholders Are Hoping For More1 year ago | Simply Wall St
Could The Aspen Group (ASX:APZ) Ownership Structure Tell Us Something Useful?Valuation
Is Aspen Group undervalued compared to its fair value and its price relative to the market?
45.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: APZ (A$1.17) is trading below our estimate of fair value (A$2.15)
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 (6.9x) compared to the AU REITs industry average (16.7x).
PE vs Market: APZ is good value based on its PE Ratio (6.9x) compared to the Australian market (20.1x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate APZ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: APZ's PB Ratio (0.9x) is in line with the AU REITs industry average.
Next Steps
Future Growth
How is Aspen Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-17.1%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if APZ's forecast earnings growth is above the savings rate (2%).
Earnings vs Market: Insufficient data to determine if APZ's earnings are forecast to grow faster than the Australian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: APZ's revenue is expected to decline over the next 3 years (-17.1% per year).
High Growth Revenue: APZ's revenue is forecast to decline over the next 3 years (-17.1% 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
Next Steps
Past Performance
How has Aspen Group performed over the past 5 years?
43.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: APZ has a large one-off gain of A$8.9M impacting its December 31 2020 financial results.
Growing Profit Margin: APZ became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: APZ has become profitable over the past 5 years, growing earnings by 43.7% per year.
Accelerating Growth: APZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: APZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the REITs industry (-2.2%).
Return on Equity
High ROE: APZ's Return on Equity (13%) is considered low.
Next Steps
Financial Health
How is Aspen Group's financial position?
Financial Position Analysis
Short Term Liabilities: APZ's short term assets (A$14.7M) exceed its short term liabilities (A$9.7M).
Long Term Liabilities: APZ's short term assets (A$14.7M) do not cover its long term liabilities (A$55.5M).
Debt to Equity History and Analysis
Debt Level: APZ's debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: APZ's debt to equity ratio has increased from 4% to 38.2% over the past 5 years.
Debt Coverage: APZ's debt is well covered by operating cash flow (21.6%).
Interest Coverage: APZ's interest payments on its debt are well covered by EBIT (4.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Aspen Group current dividend yield, its reliability and sustainability?
5.43%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: APZ's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Australian market (2.07%).
High Dividend: APZ's dividend (5.43%) is in the top 25% of dividend payers in the Australian market (5.28%)
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 (55.6%), 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 (71.1% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.2yrs
Average management tenure
CEO
John Carter (56 yo)
1.92yrs
Tenure
AU$606,992
Compensation
Mr. John Carter, MBA (Syd), BAppSc (Property Resource Mgmt) (UniSA), AAPI, GAICD, serves as Executive Director & Joint Chief Executive Officer at Aspen Group since March 14, 2019. Mr. Carter is a Managing ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD468.29K) is above average for companies of similar size in the Australian market ($USD293.60K).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint CEO & Executive Director | 1.92yrs | AU$606.99k | 0.23% A$ 307.2k | |
| Joint CEO | 1.92yrs | AU$606.99k | 0.28% A$ 386.1k | |
| Group Financial Controller | no data | no data | no data | |
| Joint Company Secretary | 4.42yrs | no data | no data | |
| Financial Accountant of Aspen Living Villages Business | 14.33yrs | no data | no data |
3.2yrs
Average Tenure
Experienced Management: APZ's management team is considered experienced (3.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint CEO & Executive Director | 1.92yrs | AU$606.99k | 0.23% A$ 307.2k | |
| Joint CEO | 1.92yrs | AU$606.99k | 0.28% A$ 386.1k | |
| Independent Non-Executive Director | 8.25yrs | AU$93.62k | 0.15% A$ 199.5k | |
| Independent Non-Executive Chairman | 4.67yrs | AU$168.52k | 0.52% A$ 708.6k | |
| Alternate Director | 2.08yrs | no data | no data |
4.7yrs
Average Tenure
57yo
Average Age
Experienced Board: APZ's board of directors are considered experienced (4.7 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 20.8%.
Top Shareholders
Company Information
Aspen Group's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Aspen Group
- Ticker: APZ
- Exchange: ASX
- Founded: 2001
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: AU$136.151m
- Shares outstanding: 116.37m
- Website: https://www.aspengroup.com.au
Location
- Aspen Group
- 21 Oxford Street
- Bondi Junction
- New South Wales
- 2022
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| APZ | ASX (Australian Securities Exchange) | Yes | Stapled Securities | AU | AUD | Jun 1993 |
| AYV1 | DB (Deutsche Boerse AG) | Yes | Stapled Securities | DE | EUR | Jun 1993 |
| APZ | CHIA (Chi-X Australia) | Yes | Stapled Securities | AU | AUD | Jun 1993 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 07:02 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.