Abacus Storage King

ASX:ASK Stock Report

Market Cap: AU$2.0b

Abacus Storage King Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: ASK (A$1.53) is trading below our estimate of fair value (A$1.62)

Significantly Below Fair Value: ASK is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As ASK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASK. This is calculated by dividing ASK's market cap by their current earnings.
What is ASK's PE Ratio?
PE Ratio7x
EarningsAU$289.05m
Market CapAU$2.01b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ASK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average47.6x
NSR National Storage REIT
140.4x19.66%AU$3.9b
ARF Arena REIT
17.6x5.66%AU$1.4b
INA Ingenia Communities Group
16.4x9.77%AU$2.1b
CQE Charter Hall Social Infrastructure REIT
15.9x3.05%AU$1.1b
ASK Abacus Storage King
7x-18.88%AU$2.0b

Price-To-Earnings vs Peers: ASK is good value based on its Price-To-Earnings Ratio (7x) compared to the peer average (47.6x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ASK's PE Ratio compare vs other companies in the Global Specialized REITs Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASK 7.0xIndustry Avg. 16.6xNo. of Companies8PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASK is good value based on its Price-To-Earnings Ratio (7x) compared to the Global Specialized REITs industry average (16.6x).

Price to Earnings Ratio vs Fair Ratio

What is ASK'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.

ASK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7x
Fair PE Ratio14.7x

Price-To-Earnings vs Fair Ratio: ASK is good value based on its Price-To-Earnings Ratio (7x) compared to the estimated Fair Price-To-Earnings Ratio (14.7x).

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 ASK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.53
AU$1.58
+3.27%
7.10%AU$1.70AU$1.40n/a5
Jan ’27AU$1.52
AU$1.58
+3.95%
7.10%AU$1.70AU$1.40n/a5
Dec ’26AU$1.48
AU$1.58
+6.76%
7.10%AU$1.70AU$1.40n/a5
Nov ’26AU$1.41
AU$1.58
+12.57%
6.48%AU$1.70AU$1.40n/a6
Oct ’26AU$1.40
AU$1.59
+13.57%
5.57%AU$1.70AU$1.45n/a6
Sep ’26AU$1.42
AU$1.59
+11.97%
5.57%AU$1.70AU$1.45n/a6
Aug ’26AU$1.58
AU$1.63
+2.95%
4.44%AU$1.73AU$1.54n/a6
Jul ’26AU$1.54
AU$1.57
+2.06%
6.03%AU$1.70AU$1.40n/a6
Jun ’26AU$1.53
AU$1.52
-0.44%
9.52%AU$1.70AU$1.28n/a6
May ’26AU$1.50
AU$1.45
-3.34%
8.31%AU$1.65AU$1.28n/a6
Apr ’26AU$1.19
AU$1.35
+13.59%
2.75%AU$1.40AU$1.28n/a6
Mar ’26AU$1.19
AU$1.35
+13.59%
2.75%AU$1.40AU$1.28n/a6
Feb ’26AU$1.17
AU$1.34
+15.31%
3.38%AU$1.40AU$1.25n/a6
Jan ’26AU$1.13
AU$1.38
+22.37%
4.53%AU$1.50AU$1.30AU$1.526
Dec ’25AU$1.21
AU$1.38
+13.77%
4.53%AU$1.50AU$1.30AU$1.486
Nov ’25AU$1.23
AU$1.37
+11.65%
4.64%AU$1.50AU$1.30AU$1.416
Oct ’25AU$1.32
AU$1.35
+2.15%
2.16%AU$1.40AU$1.30AU$1.406
Sep ’25AU$1.26
AU$1.35
+7.44%
2.16%AU$1.40AU$1.30AU$1.426
Aug ’25AU$1.30
AU$1.34
+3.47%
2.55%AU$1.40AU$1.30AU$1.586
Jul ’25AU$1.17
AU$1.32
+13.59%
3.56%AU$1.40AU$1.25AU$1.546
Jun ’25AU$1.19
AU$1.33
+11.60%
3.79%AU$1.40AU$1.25AU$1.535
May ’25AU$1.12
AU$1.33
+19.10%
3.79%AU$1.40AU$1.25AU$1.505
Apr ’25AU$1.25
AU$1.33
+6.24%
3.79%AU$1.40AU$1.25AU$1.195
Mar ’25AU$1.24
AU$1.33
+7.53%
3.79%AU$1.40AU$1.25AU$1.195
Feb ’25AU$1.16
AU$1.27
+9.96%
4.01%AU$1.35AU$1.20AU$1.175
Jan ’25AU$1.13
AU$1.26
+11.73%
4.32%AU$1.35AU$1.20AU$1.134
AU$1.58
Fair Value
3.2% undervalued intrinsic discount
5
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/12 00:03
End of Day Share Price 2026/01/12 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Abacus Storage King is covered by 8 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Steven TjiaBarrenjoey Markets Pty Limited
Howard PennyCitigroup Inc