APZ Stock Overview

Aspen is a leading provider of quality accommodation on competitive terms in residential, retirement and park communities. More details

APZ fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	1/6
Financial Health	1/6
Dividends	4/6

Rewards

Trading at 64.7% below our estimate of its fair value

Earnings are forecast to grow 19.16% per year

Trading at good value compared to peers and industry

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

Profit margins (53.2%) are lower than last year (82.6%)

Shareholders have been diluted in the past year

+ 1 more risk

My Notes

Capture your thoughts, links and company narrative

Aspen Group Competitors

Centuria Capital Group

ASX:CNI

AU$1.5b

WOTSO Property

ASX:WOT

AU$129.8m

Aims Property Securities Fund

ASX:APW

AU$75.2m

Stockland

ASX:SGP

AU$11.9b

Price History & Performance

Summary of share price highs, lows and changes for Aspen Group
Historical stock prices
Current Share Price	AU$2.45
52 Week High	AU$2.63
52 Week Low	AU$1.65
Beta	0.49
1 Month Change	-5.77%
3 Month Change	11.36%
1 Year Change	41.62%
3 Year Change	40.40%
5 Year Change	104.17%
Change since IPO	84.21%

Recent updates

Shareholder Returns

	APZ	AU REITs	AU Market
7D	-2.4%	2.0%	-1.0%
1Y	41.6%	6.7%	8.5%

Return vs Industry: APZ exceeded the Australian REITs industry which returned 5.3% over the past year.

Return vs Market: APZ exceeded the Australian Market which returned 8.2% over the past year.

Price Volatility

Is APZ's price volatile compared to industry and market?
APZ volatility
APZ Average Weekly Movement	4.6%
REITs Industry Average Movement	3.1%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: APZ has not had significant price volatility in the past 3 months compared to the Australian market.

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	www.aspengroup.com.au

Aspen is a leading provider of quality accommodation on competitive terms in residential, retirement and park communities. Our core target customer base is the 40% of Australian households that can pay no more than $400 per week in rent or $400,000 purchase price for their housing needs.

Aspen Group Fundamentals Summary

How do Aspen Group's earnings and revenue compare to its market cap?
APZ fundamental statistics
Market cap	AU$480.68m
Earnings (TTM)	AU$48.44m
Revenue (TTM)	AU$91.14m

9.9x

P/E Ratio

5.3x

P/S Ratio

Is APZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
APZ income statement (TTM)
Revenue	AU$91.14m
Cost of Revenue	AU$41.15m
Gross Profit	AU$49.99m
Other Expenses	AU$1.55m
Earnings	AU$48.44m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.24
Gross Margin	54.85%
Net Profit Margin	53.15%
Debt/Equity Ratio	45.9%

How did APZ perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

49%

Payout Ratio

Does APZ pay a reliable dividends?

See APZ dividend history and benchmarks

When do you need to buy APZ by to receive an upcoming dividend?
Aspen Group dividend dates
Ex Dividend Date	Dec 30 2024
Dividend Pay Date	Feb 28 2025
Days until Ex dividend	4 days
Days until Dividend pay date	64 days

Does APZ pay a reliable dividends?

See APZ dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 13:59
End of Day Share Price	2024/12/24 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Aspen Group is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew MacFarlane	Bell Potter
Matthew Nicholas	CGS International
Ronan Barratt	MA Moelis Australia Securities Pty Ltd

APZ Stock Overview

Rewards

Risk Analysis

Aspen Group Competitors

ASX:CNI

AU$1.5b

ASX:WOT

AU$129.8m

ASX:APW

AU$75.2m

ASX:SGP

AU$11.9b

Price History & Performance

Recent News & Updates

Upcoming dividend of AU$0.05 per share

Less than half of directors are independent

Aspen Group Limited Announces Board Changes

Independent Non-Executive Director recently bought AU$398k worth of stock

Aspen Group, Annual General Meeting, Nov 15, 2024

Aspen Group Provides Distribution Guidance for the Fiscal Year 2025

Recent updates

Upcoming dividend of AU$0.05 per share

Less than half of directors are independent

Aspen Group Limited Announces Board Changes

Independent Non-Executive Director recently bought AU$398k worth of stock

Aspen Group, Annual General Meeting, Nov 15, 2024

Aspen Group Provides Distribution Guidance for the Fiscal Year 2025

Full year 2024 earnings released: EPS: AU$0.27 (vs AU$0.31 in FY 2023)

First half dividend of AU$0.043 announced

Aspen Group to Report Fiscal Year 2024 Results on Aug 15, 2024

New minor risk - Shareholder dilution

Independent Non-Executive Chairman recently bought AU$77k worth of stock

Aspen Group (ASX:APZ) cancelled the acquisition of remaining 86.3% stake in Eureka Group Holdings Limited (ASX:EGH).

First half 2024 earnings released: EPS: AU$0.12 (vs AU$0.15 in 1H 2023)

Eureka Targeted as Takeovers Kick Off

Upcoming dividend of AU$0.043 per share at 4.9% yield

Aspen Group Declares Dividend for the Period of Six Months Ending December 31, 2023, Payable on February 29, 2024

Aspen Group, Annual General Meeting, Nov 22, 2023

Aspen Group, Annual General Meeting, Nov 22, 2023

Independent Non-Executive Chairman recently bought AU$65k worth of stock

Aspen Group Limited Appoints Edwina Gilbert as Director

New minor risk - Profit margin trend

Full year 2023 earnings released: EPS: AU$0.31 (vs AU$0.55 in FY 2022)

Independent Non-Executive Chairman recently bought AU$90k worth of stock

First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.22 in 1H 2022)

Aspen Group (ASX:APZ) agreed to acquire Black Dolphin Resort Motel for AUD 5.2 million.

Upcoming dividend of AU$0.035 per share

Aspen Group Estimates Distribution for the First Half of Fiscal Year 2023, Payable on or About 24 February 2023

Less than half of directors are independent

Now 22% undervalued

Aspen Group has completed a Follow-on Equity Offering in the amount of AUD 36.34 million.

Aspen Group, Annual General Meeting, Nov 18, 2022

Full year 2022 earnings released: EPS: AU$0.55 (vs AU$0.22 in FY 2021)

Insufficient new directors

Aspen Group Announces Dividend Distribution for the Second Half of Fiscal Year 2022, Payable on 25 August 2022

Insufficient new directors

Aspen Group Announces Estimated Distribution for the Second Half of Fiscal Year 2022, Payable on or About 25 August 2022

Aspen Group to Report Fiscal Year 2022 Results on Aug 18, 2022

Insufficient new directors

Independent Non-Executive Chairman recently bought AU$57k worth of stock

Insufficient new directors

Insufficient new directors

Aspen Group (ASX:APZ) completed the acquisition of Meadowbrooke Lifestyle Estate in Boyanup.

Joint CEO & Executive Director recently bought AU$969k worth of stock

Aspen Group (ASX:APZ) completed the acquisition of Wodonga Gardens Retirement Estate.

Full year 2021 earnings released: EPS AU$0.22 (vs AU$0.12 in FY 2020)

Aspen Group has completed a Follow-on Equity Offering in the amount of AUD 23.21515 million.

Aspen Group (ASX:APZ) signed a definitive agreement to acquire Wodonga Gardens Retirement Estate for AUD 6 million.

Aspen Group (ASX:APZ) completed the acquisition of Lewis Fields Retirement Village.

Aspen Group (ASX:APZ) entered into conditional contract to acquire Lewis Fields Retirement Village for AUD 2.4 million.

Aspen Group (ASX:APZ) completed the acquisition of build-to-rent development at Burleigh Heads, Queensland.

Independent Non-Executive Chairman recently bought AU$401k worth of stock

Aspen Group to Report First Half, 2021 Results on Feb 25, 2021

New 90-day high: AU$1.21

Aspen Group Announces Change of Joint Company Secretary

New 90-day high: AU$1.14

Shareholder Returns

Price Volatility

About the Company

Aspen Group Fundamentals Summary