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Abacus Group (ASX: ABG) - Financials

Current share price for ABG : $1.125 0.04 (3.43%)

Abacus Group (ABG, formerly Abacus Property Group) is into investment in commercial (office and other) and self-storage properties, along with managing the legacy investments in property developments. Abacus Group is an asset backed, annuity style business where capital is directed towards assets that provide potential for enhanced income growth to generate increased total returns and create value.

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ABG Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 17.1 ¢ 5.3 ¢ 18.4 ¢ 0% $3.76 0 337.5% 12%
2022 18.7 ¢ 21 ¢ 18 ¢ 0% $3.92 0 96.9% -13.4%
2021 17.8 ¢ 17 ¢ 17.5 ¢ 0% $3.54 0 143% 24.5%

ABG Historical Financials

2023 2022 2021
Rental Income ($M) 147.1 291.1 226.3
Investment Income ($M) 3.5 11.2 15.1
Other Income ($M) 1.5 79.5 49.5
Property Expenses ($M) -41.9 -69.6 -61.7
Management Expense Ratio (%) 0.5 0.6 0.9
Net Profit Before Abs ($M) 47 177.5 125.8
Net Profit After Abs ($M) 25.5 517.2 369.4
Shareholders Equity ($M) 3,361.7 3,501.1 2,901.9
Return on Equity (%) 1.4 5.1 4.3
Payout Ratio (%) 349 86 103

ABG Cashflow

2023 2022 2021
Customer Receipts ($M) 359 327 276
Net Operating Cashflow ($M) 153 158.3 131.6
Net Investing Cashflow ($M) -296 -824 -512
Net Financing Cashflow ($M) 101 784 311

ABG Market & Earnings

2023 2022 2021
Market Cap ($M) 2,404 2,294 2,579
Net Gearing (%) 27.8 43.8 32.1
Net Interest Cover (%) 9.22 8.61 18.41
Dividend Yield (%) 6.8 3.6 2.7
NTA Per Share ($) 3.73 3.8 3.42
EBT Before Abs ($M) 52.7 208 141.6

ABG Balance Sheet

2023 2022 2021
Cash ($M)71.9 176.5 58
Current Investments ($M)
Receivables ($M)46.6 43.5 33.7
Other Current Assets ($M)3,106.8 28.1 187
Total Current Assets ($M)3,225.3 248.1 278.6
Non-Current Investments ($M)162.7 417.3 344.9
Property ($M)
Other Non-Current Assets ($M)118.3 241.1 247.2
Total Non-Current Assets ($M)2,381 5,159 3,780
Total Assets ($M)5,606 5,407 4,059
Creditors ($M)57.6 127 112.1
Provisions ($M) 1.73 4.79
Deferred Taxes ($M)9.73 52.91 37.73
Other Current Liabilities ($M)1,168.48 9.19 7.26
Total Current Liabilities ($M)1,226.1 137.9 124.2
Borrowings ($M)
Other Non-Current Liabilities ($M)2.18 5.85 6.74
Total Non-Current Liabilities ($M)1,018 1,768 1,033
Total Liabilities ($M)2,244 1,906 1,157
Shareholders Equity ($M)3,362 3,501 2,902

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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