Abacus Storage King

ASX:ASK Stock Report

Market Cap: AU$1.6b

Abacus Storage King Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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.

Below Fair Value: ASK (A$1.19) is trading above our estimate of fair value (A$0.97)

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

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 Ratio11.3x
EarningsAU$138.18m
Market CapAU$1.56b

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 Average44.2x
NSR National Storage REIT
118.4x20.0%AU$3.4b
ARF Arena REIT
28.1x6.7%AU$1.6b
RFF Rural Funds Group
8.8x-7.2%AU$732.7m
CNI Centuria Capital Group
21.7x13.3%AU$1.6b
ASK Abacus Storage King
11.3x-1.7%AU$1.6b

Price-To-Earnings vs Peers: ASK is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (44.2x).

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 11.3xIndustry Avg. 19.1xNo. of Companies8PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASK is good value based on its Price-To-Earnings Ratio (11.3x) compared to the Global Specialized REITs industry average (19.1x).

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 Ratio11.3x
Fair PE Ratio18.9x

Price-To-Earnings vs Fair Ratio: ASK is good value based on its Price-To-Earnings Ratio (11.3x) compared to the estimated Fair Price-To-Earnings Ratio (18.9x).

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$1.19
AU$1.38
+16.2%
4.5%AU$1.50AU$1.30n/a6
Nov ’25AU$1.23
AU$1.37
+11.7%
4.6%AU$1.50AU$1.30n/a6
Oct ’25AU$1.32
AU$1.35
+2.1%
2.2%AU$1.40AU$1.30n/a6
Sep ’25AU$1.26
AU$1.35
+7.4%
2.2%AU$1.40AU$1.30n/a6
Aug ’25AU$1.30
AU$1.34
+3.5%
2.5%AU$1.40AU$1.30n/a6
Jul ’25AU$1.17
AU$1.32
+13.6%
3.6%AU$1.40AU$1.25n/a6
Jun ’25AU$1.19
AU$1.33
+11.6%
3.8%AU$1.40AU$1.25n/a5
May ’25AU$1.12
AU$1.33
+19.1%
3.8%AU$1.40AU$1.25n/a5
Apr ’25AU$1.25
AU$1.33
+6.2%
3.8%AU$1.40AU$1.25n/a5
Mar ’25AU$1.24
AU$1.33
+7.5%
3.8%AU$1.40AU$1.25n/a5
Feb ’25AU$1.16
AU$1.27
+10.0%
4.0%AU$1.35AU$1.20n/a5
Jan ’25AU$1.13
AU$1.26
+11.7%
4.3%AU$1.35AU$1.20n/a4
Dec ’24AU$1.10
AU$1.26
+15.3%
4.3%AU$1.35AU$1.20n/a4
Nov ’24AU$1.01
AU$1.29
+28.1%
5.0%AU$1.35AU$1.20AU$1.234
Oct ’24AU$1.04
AU$1.33
+28.2%
1.8%AU$1.35AU$1.30AU$1.323
Sep ’24AU$1.27
AU$1.33
+4.3%
1.9%AU$1.35AU$1.30AU$1.262

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

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