ABACUS STORAGE KING (ASK)
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ASK - ABACUS STORAGE KING

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 1.48
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.14

16 Apr
2024

-0.005

OPEN

$1.14

-0.44%

HIGH

$1.14

907,615

LOW

$1.11

TARGET
$1.35 18.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . BWP . CDP . CDP . CHC . CIP . CLW . COF . CQE . CQR . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NPR . NSR . PLG . REP . RFF . RGN . SCG . TGP . URW . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
ASK: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 6.4 xxx
DPS (cps) xxx N/A 6.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.7 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx N/A 93.8% xxx

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

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

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: 28/12 - ex-div 3c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 2023
EPS Basic 1.6
DPS All 0.0
Sales/Revenue 201.7 M
Book Value Per Share 19.9
Net Operating Cash Flow 99.4 M
Net Profit Margin 10.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2023
Return on Capital Employed 8.23 %
Return on Invested Capital 5.53 %
Return on Assets 3.86 %
Return on Equity 8.23 %
Return on Total Capital 24.73 %
Free Cash Flow ex dividends 91.6 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 2023
Short-Term Debt 87 M
Long Term Debt 86 M
Total Debt 173 M
Goodwill - Gross 33 M
Cash & Equivalents - Generic 22 M
Price To Book Value -

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2023
Capex 7.8 M
Capex % of Sales 3.85 %
Cost of Goods Sold 77 M
Selling, General & Admin. Exp & Other 12 M
Research & Development -
Investments - Total 290 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

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

19/02/2024

1

Buy

$1.40

22.81%

ABACUS STORAGE KING has reaffirmed FY24 distribution guidance of 6c per security, in line with expectations. Citi notes gearing remains relatively prudent with management focused on organic growth, opportunistic acquisitions and development.

The broker expects higher finance costs will result as fixed interest loans roll off to variable rate loans, providing a headwind, also pointing out global investors are cautious regarding relative valuations of real estate companies with external management structures and this may result in a relative valuation gap to peers.

Buy rating maintained. Target is lifted to $1.40 from $1.20.

FORECAST
Citi forecasts a full year FY24 EPS of 7.00 cents.
Citi forecasts a full year FY25 EPS of 7.00 cents.

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