ABACUS GROUP (ABG)
Share Price Analysis and Chart

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ABG

ABG - ABACUS GROUP

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: -4.6
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.14

23 Apr
2025

0.020

OPEN

$1.12

1.79%

HIGH

$1.15

618,925

LOW

$1.12

TARGET
$1.26 10.5% upside
Franking for last dividend paid out: 50%
OTHER COMPANIES IN THE SAME SECTOR
AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ABG: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 27.0 9.0 xxx
DPS (cps) xxx 8.5 8.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 53.8% 0.0% xxx
PE Ratio xxx N/A 12.7 xxx
Dividend Yield xxx N/A 7.5% xxx
Div Pay Ratio(%) xxx N/A 94.8% xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.46

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 - ex-div 4.25c (franking 50%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-27.0
DPS All xxxxxxxxxxxxxxx8.5
Sales/Revenue xxxxxxxxxxxxxxx168.5 M
Book Value Per Share xxxxxxxxxxxxxxx179.8
Net Operating Cash Flow xxxxxxxxxxxxxxx76.0 M
Net Profit Margin xxxxxxxxxxxxxxx-143.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-9.74 %
Return on Invested Capital xxxxxxxxxxxxxxx-7.00 %
Return on Assets xxxxxxxxxxxxxxx-5.88 %
Return on Equity xxxxxxxxxxxxxxx-9.74 %
Return on Total Capital xxxxxxxxxxxxxxx-6.02 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-10.3 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 xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx939 M
Total Debt xxxxxxxxxxxxxxx939 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx24 M
Price To Book Value xxxxxxxxxxxxxxx0.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx16.1 M
Capex % of Sales xxxxxxxxxxxxxxx9.54 %
Cost of Goods Sold xxxxxxxxxxxxxxx48 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx329 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,834 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

0.9

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

25/02/2025

1

Outperform

$1.29

13.16%

Abacus Group delivered first half earnings (FFO) that were below Macquarie's estimates amid higher net interest costs. FY25 distribution guidance of 8.5 cents has been reaffirmed along with FFO of 8.9-9.2 cents.

The company has identified six assets worth around $300m that will the sold and proceeds used to co--invest alongside institutional investors in capital partnerships on the eastern seaboard.

Macquarie assesses the stock offers discounted exposure to the gradual improvement in office markets and retains an Outperform rating. Target edges up to $1.29 from $1.26.

FORECAST
Macquarie forecasts a full year FY25 dividend of 8.50 cents and EPS of 8.90 cents.
Macquarie forecasts a full year FY26 dividend of 8.70 cents and EPS of 9.40 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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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

27/02/2025

1

Buy

$1.41

23.68%

Abacus Group's reported funds from operations of 4.5cps, beating Moelis' forecast of 4.3c.

However, the trend in office earnings is labelled marginally weak with occupancy falling sequentially to 89.9% from 90.2%, and a further 5% of income is up for expiry in 2H. Leasing weighted average expiry also fell slightly to 3.7 years.

The broker revised forecasts to reflect office vacancy and leasing assumptions, lowering FY25 net profit forecast by -2.8%. Target price drops to $1.41 from $1.45, and Buy retained.

FORECAST
Moelis forecasts a full year FY25 dividend of 8.50 cents and EPS of 9.00 cents.
Moelis forecasts a full year FY26 dividend of 8.60 cents and EPS of 9.30 cents.
Access Extra Coverage Research History >

ABG STOCK CHART

FNArena News on ABG

1
Abacus Counts Takeover Benefits

Apr 14 2025 - Small Caps
2
Australian Broker Call *Extra* Edition – Feb 27, 2025

Feb 27 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 25-02-2025

Feb 25 2025 - Australia
4
Weekly Ratings, Targets, Forecast Changes – 31-01-25

Feb 03 2025 - Weekly Reports
5
Rudi’s View: Key Picks, Best Buys & Conviction Calls

Sep 12 2024 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 22-04-2025

Apr 22 2025 - Weekly Reports
2
Australian Listed Real Estate Tables – 14-04-2025

Apr 14 2025 - Weekly Reports
3
Abacus Counts Takeover Benefits

Apr 14 2025 - Small Caps
4
Australian Listed Real Estate Tables – 07-04-2025

Apr 07 2025 - Weekly Reports
5
Australian Listed Real Estate Tables – 24-03-2025

Mar 24 2025 - Weekly Reports
6
Australian Listed Real Estate Tables – 17-03-2025

Mar 17 2025 - Weekly Reports
7
Post Bottom, Focus Shifts To A-REITs Potential

Mar 13 2025 - Feature Stories
8
Australian Listed Real Estate Tables – 10-03-2025

Mar 10 2025 - Weekly Reports
9
Australian Listed Real Estate Tables – 03-03-2025

Mar 03 2025 - Weekly Reports
10
Australian Listed Real Estate Tables – 24-02-2025

Feb 24 2025 - Weekly Reports