ASPEN GROUP LIMITED (APZ)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

APZ

APZ - ASPEN GROUP LIMITED

FNArena Sector : Real Estate
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 3.44
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.34

29 Aug
2025

0.020

OPEN

$4.33

0.46%

HIGH

$4.45

442,491

LOW

$4.28

TARGET
$4.85 11.8% upside
OTHER COMPANIES IN THE SAME SECTOR
DGH . HMC . PXA . REA . RMY . UBN .
FNARENA'S MARKET CONSENSUS FORECASTS
APZ: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 28.1 19.2 xxx
DPS (cps) xxx 10.0 11.0 xxx
EPS Growth xxx 6.2% - 31.7% xxx
DPS Growth xxx 17.6% 10.0% xxx
PE Ratio xxx N/A 22.4 xxx
Dividend Yield xxx N/A 2.6% xxx
Div Pay Ratio(%) xxx 35.5% 57.3% xxx

Dividend yield today if purchased 3 years ago: 6.02%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.33

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 © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx28.1
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx108.1 M
Book Value Per Share xxxxxxxxxxxxxxx242.7
Net Operating Cash Flow xxxxxxxxxxxxxxx14.1 M
Net Profit Margin xxxxxxxxxxxxxxx52.76 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx11.56 %
Return on Invested Capital xxxxxxxxxxxxxxx9.12 %
Return on Assets xxxxxxxxxxxxxxx7.94 %
Return on Equity xxxxxxxxxxxxxxx11.56 %
Return on Total Capital xxxxxxxxxxxxxxx5.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5.8 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx98 M
Total Debt xxxxxxxxxxxxxxx131 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx10 M
Price To Book Value xxxxxxxxxxxxxxx1.63

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.41 %
Cost of Goods Sold xxxxxxxxxxxxxxx50 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx22 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx636 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

22/08/2025

1

Buy

$4.85

11.75%

Aspen Group delivered FY25 EPS of 16.8c, which was broadly in line with expectations, with a slight upgrade of 1% to FY26 guidance, which met consensus expectations, according to Bell Potter.

The current fiscal year looks good with 72 settlements and contracts of 140 lots, and the analyst's target at 150. A more even split between first and second halves is expected.

Positively, Tourism (Parks) is looking upbeat with more robust corporate activity based on two months year-to-date revenue.

FY26 guidance assumes 10% annual growth in rental income and includes the recent Adelaide acquisition. Bell Potter tweaks its EPS forecasts by -2% for FY26 and up 1% for FY27.

No change to Buy rating. Target lifts to $4.85 from $3.90.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 11.00 cents and EPS of 19.20 cents.
Bell Potter forecasts a full year FY27 dividend of 11.50 cents and EPS of 21.60 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

25/08/2025

3

Downgrade to Hold from Buy

$4.43

2.07%

Aspen Group delivered FY25 underlying EPS of 16.8c, slightly ahead of guidance, notes Moelis, and up 22% year-on-year. FY26 guidance indicates to the broker EPS of 19c, up 13%, and a dividend of 11c.

The broker highlights strong operating results across all divisions. Residential rents rose 3% with margins at a record 66%, parks revenue grew 6%, and development achieved 111 settlements with house prices up 11%.

The net asset value (NAV) rose to $2.54 per share after a 5% property revaluation uplift, explains the analyst.

Gearing fell to 13% after a $68m equity raise, with the broker noting capacity to redeploy capital into new projects. 

Moelis raises its target price to $4.43 from $3.83 and downgrades to Hold from Buy. Shares now trade at an around 40% premium to the broker's assessment for the true value of assets.

FORECAST
Moelis forecasts a full year FY26 dividend of 11.00 cents and EPS of 19.60 cents.
Moelis forecasts a full year FY27 dividend of 12.20 cents and EPS of 22.10 cents.
Access Extra Coverage Research History >

APZ STOCK CHART

FNArena News on APZ

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 29-08-25

Aug 29 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 26, 2025

Aug 26 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 22-08-2025

Aug 22 2025 - Australia
4
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View
5
Rudi’s View: AI Updates, Hot Favourites & First August Results

Aug 07 2025 - Rudi's View

Latest Real Estate News

1
REA Group Confident About Competition Threat

May 12 2025 - Australia
2
Affordable Opportunity In Aspen Group

Mar 25 2025 - Small Caps
3
REA Group: A Tale Of Two Cities

Aug 19 2024 - Australia
4
Weak Listings Not Insurmountable For REA Group

Feb 14 2023 - Australia
5
REA Group Heading Higher

Aug 16 2022 - Technicals
6
ESG Focus: Will Your Property Be Uninsurable By 2030?

May 05 2022 - ESG Focus
7
Can REA Group Stay The FY22 Course?

Feb 07 2022 - Australia
8
Is Valuation The Issue Now For REA Group?

Nov 08 2021 - Australia
9
REA: Wait For Lower Entry Point

Aug 17 2021 - Technicals
10
REA Group: Upside Break?

May 04 2021 - Technicals