ASPEN GROUP LIMITED (APZ)
Share Price Analysis and Chart

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APZ

APZ - ASPEN GROUP LIMITED

FNArena Sector : Real Estate
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 4.53
Index: ASX300 | ALL-ORDS

Aspen Group owns and operates affordable residential, lifestyle and holiday accommodation across Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.25

19 Aug
2026

-0.130

OPEN

$5.44

-2.42%

HIGH

$5.54

1,358,558

LOW

$5.09

TARGET
$6.375 21.4% upside
Franking for last dividend paid out: 36%
OTHER COMPANIES IN THE SAME SECTOR
DGH . HMC . PXA . REA . RMY . UBN .
FNARENA'S MARKET CONSENSUS FORECASTS
APZ: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 31.9 23.1 xxx
DPS (cps) xxx 11.0 12.0 xxx
EPS Growth xxx 13.4% - 27.6% xxx
DPS Growth xxx 10.0% 9.1% xxx
PE Ratio xxx N/A 22.6 xxx
Dividend Yield xxx N/A 2.3% xxx
Div Pay Ratio(%) xxx 34.5% 51.9% xxx

Dividend yield today if purchased 3 years ago: 6.29%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.10

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: 29/06 - ex-div 5.5c (franking 36%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx31.9
DPS All xxxxxxxxxxxxxxx11.0
Sales/Revenue xxxxxxxxxxxxxxx141.2 M
Book Value Per Share xxxxxxxxxxxxxxx265.9
Net Operating Cash Flow xxxxxxxxxxxxxxx45.7 M
Net Profit Margin xxxxxxxxxxxxxxx51.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx12.57 %
Return on Invested Capital xxxxxxxxxxxxxxx10.28 %
Return on Assets xxxxxxxxxxxxxxx8.69 %
Return on Equity xxxxxxxxxxxxxxx12.57 %
Return on Total Capital xxxxxxxxxxxxxxx6.33 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx19.3 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx64 M
Long Term Debt xxxxxxxxxxxxxxx159 M
Total Debt xxxxxxxxxxxxxxx223 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx5 M
Price To Book Value xxxxxxxxxxxxxxx1.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx2.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.80 %
Cost of Goods Sold xxxxxxxxxxxxxxx68 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx26 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx774 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

19/08/2026

1

Buy

$6.65

26.67%

Bell Potter maintains a Buy rating for Aspen Group with its target price increased to $6.65 from $6.50 following a solid FY26 result and an upgraded FY27 outlook.

Underlying operating EPS landed at 21.8c, beating guidance and meeting expectations. Management upgraded FY27 EPS guidance to 26.1c alongside an established dividend of 12.0c.

The analyst highlights that development targets for FY27 increased to 240 lots while the business completed strategic portfolio recycling.

The broker's estimates adjust underlying post-tax EPS estimates by -1% to +4% over the forecast period to reflect the stronger operational trajectory.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 12.00 cents and EPS of 23.10 cents.
Bell Potter forecasts a full year FY28 dividend of 12.50 cents and EPS of 27.20 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Jarden

20/08/2026

2

Overweight

$5.85

11.43%

Jarden maintains an Overweight rating for Aspen Group with its target price increased to $5.85 from $5.65 as the company continues to deliver strong levels of earnings and net asset value growth supported by a severe lack of supply in the affordable residential target market.

The analyst highlights that debt headwinds are not a concern given very strong levels of growth, while the balance sheet positions the group well for any potential market dislocation.

The broker's estimates note an attractive 12% three-year earnings per share compound annual growth rate alongside a roughly 10% three-year net asset value compound annual growth rate despite an elevated valuation premium to net asset value.

Management benefits from robust operational positioning within the affordable housing sector.

Jarden states the valuation is supported by solid multi-year growth trajectories and favourable market fundamentals.
Access Extra Coverage Research History >

APZ STOCK CHART

FNArena News on APZ

1
Australian Broker Call *Extra* Edition – Aug 20, 2026

Aug 20 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 19-08-2026

Aug 19 2026 - Australia
3
Rudi’s View: A-REITs, Banks & Miners

Jul 08 2026 - Rudi's View
4
Australian Broker Call *Extra* Edition – Apr 29, 2026

Apr 29 2026 - Daily Market Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 17-04-26

Apr 17 2026 - Weekly Reports

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