ASPEN GROUP LIMITED (APZ)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

APZ - ASPEN GROUP LIMITED

FNArena Sector : Real Estate
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 6.51
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.50

23 Dec
2024

0.040

OPEN

$2.46

1.63%

HIGH

$2.53

122,517

LOW

$2.31

TARGET
$2.75 10.0% upside
OTHER COMPANIES IN THE SAME SECTOR
DGH . DHG . HMC . PXA . REA . RMY . UBN .
FNARENA'S MARKET CONSENSUS FORECASTS
APZ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 26.5 16.1 xxx
DPS (cps) xxx 8.5 10.0 xxx
EPS Growth xxx - 15.2% - 39.2% xxx
DPS Growth xxx 9.7% 17.6% xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 32.1% 62.1% xxx

Dividend yield today if purchased 3 years ago: 4.89%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.54

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx26.5
DPS All xxxxxxxxxxxxxxx8.5
Sales/Revenue xxxxxxxxxxxxxxx91.7 M
Book Value Per Share xxxxxxxxxxxxxxx219.6
Net Operating Cash Flow xxxxxxxxxxxxxxx22.4 M
Net Profit Margin xxxxxxxxxxxxxxx52.82 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx12.07 %
Return on Invested Capital xxxxxxxxxxxxxxx8.74 %
Return on Assets xxxxxxxxxxxxxxx7.64 %
Return on Equity xxxxxxxxxxxxxxx12.07 %
Return on Total Capital xxxxxxxxxxxxxxx5.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx167 M
Total Debt xxxxxxxxxxxxxxx200 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx5 M
Price To Book Value xxxxxxxxxxxxxxx0.82

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx1.8 M
Capex % of Sales xxxxxxxxxxxxxxx1.99 %
Cost of Goods Sold xxxxxxxxxxxxxxx43 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx20 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx576 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

18/11/2024

1

Buy

$2.75

10.00%

An AGM trading update by affordable accommodation provider Aspen Group highlighted a strong underlying performance, according to Bell Potter, and FY25 EPS guidance was upgraded to 16.0c from 15.2c.

Upgraded guidance is partly explained by $2.5m more development profit than expected, note the analysts, with embedded development profit of $8.9m already exceeding the FY24 number.

The broker raises its FY25-27 EPS forecasts to incorporate a higher margin and settlement profile from residential and land lease development.

Buy. Target rises to $2.75 from $2.50.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 10.00 cents and EPS of 16.10 cents.
Bell Potter forecasts a full year FY26 dividend of 10.30 cents and EPS of 17.50 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

20/11/2024

1

Buy

$2.73

9.20%

In mid-October, Aspen Group reported Q1 FY25 underlying EPS of 4.4c, up 20% year-on-year and well above the run-rate needed to achieve prior FY25 guidance of 15.2c, notes Moelis.

Management has now upgraded FY25 guidance for underlying EPS to 16.0c and announced plans to double its production of houses and land sites to 200 in FY25, compared to 97 settlements in FY24, highlights the broker.

Aspen divested -50% of its stake in Eureka Group ((EGH)), reducing its gearing to below 22% from 25.7%, and signalling a shift toward development income, which Moelis views as incrementally positive for long-term value creation.

Moelis raises its target price to $2.73 from $2.53 and retains a Buy rating.

FORECAST
Moelis forecasts a full year FY25 dividend of 9.70 cents and EPS of 16.00 cents.
Moelis forecasts a full year FY26 dividend of 10.20 cents and EPS of 16.60 cents.
Access Extra Coverage Research History >

APZ STOCK CHART

FNArena News on APZ

1
Rudi’s View: Final Best Buys & Conviction Ideas

Dec 23 2024 - Rudi's View
2
Rudi’s View: Banks, WiseTech, Redox & Integral Diagnostics

Dec 19 2024 - Rudi's View
3
Australian Broker Call *Extra* Edition – Nov 20, 2024

Nov 20 2024 - Daily Market Reports
4
Next Week At A Glance – 4-8 Nov 2024

Nov 01 2024 - Weekly Reports
5
Rudi’s View: August Paints A Bifurcated Picture

Aug 21 2024 - Rudi's View

Latest Real Estate News

1
REA Group: A Tale Of Two Cities

Aug 19 2024 - Australia
2
Weak Listings Not Insurmountable For REA Group

Feb 14 2023 - Australia
3
REA Group Heading Higher

Aug 16 2022 - Technicals
4
ESG Focus: Will Your Property Be Uninsurable By 2030?

May 05 2022 - ESG Focus
5
Can REA Group Stay The FY22 Course?

Feb 07 2022 - Australia
6
Is Valuation The Issue Now For REA Group?

Nov 08 2021 - Australia
7
REA: Wait For Lower Entry Point

Aug 17 2021 - Technicals
8
REA Group: Upside Break?

May 04 2021 - Technicals
9
REA Group Instils Confidence, Valuation Not So

Feb 08 2021 - Australia
10
Australian Broker Call *Extra* Edition – Sep 16, 2020

Sep 16 2020 - Daily Market Reports