Aspen Group Limited (APZ) AI Stock Analysis

• Market Cap: AU$1.25B
• Dividend Yield: 1.83%
• Average Volume (3M): 943.93K
• Price to Earnings (P/E): 19.6
• Beta (1Y): 0.12
• Revenue Growth: 17.91%
• EPS Growth: 6.19%
• Country: AU
• Employees: 17
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.09
• Shares Outstanding: 227,665,440
• 10 Day Avg. Volume: 355,277
• 30 Day Avg. Volume: 943,930
• PEG Ratio: 1.86
• Price to Book (P/B): 1.48
• Price to Sales (P/S): 7.53
• P/FCF Ratio: 35.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$5.59
• Price Target Upside: -0.80% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: AU$6.00 ▲(6.57% Upside)

Aspen Group Limited's stock score is driven by strong financial performance, particularly in revenue growth and profitability, despite some cash flow challenges. The technical analysis indicates bullish momentum, though caution is advised due to overbought signals. Valuation is fair, with a reasonable P/E ratio and moderate dividend yield.

Positive Factors

Revenue Growth

Consistent revenue growth at 9.05% indicates expanding market presence and effective business strategies, supporting long-term stability.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability and flexibility, enabling the company to navigate economic fluctuations.

Profitability

High profitability margins reflect efficient operations and cost control, which are crucial for sustaining long-term financial health and competitiveness.

Negative Factors

Cash Flow Challenges

Negative cash flow growth can limit investment capacity and operational flexibility, potentially impacting future growth and financial resilience.

Gross Profit Margin Decline

A declining gross profit margin may indicate rising costs or pricing pressures, which could affect profitability if not managed effectively.

Cash Conversion Efficiency

Moderate cash conversion efficiency suggests potential issues in turning profits into cash, which is critical for funding operations and growth.

Aspen Group Limited Business Overview & Revenue Model

Company Description

Aspen is a leading provider of quality accommodation on competitive terms in residential, retirement and park communities. Our core target customer base is the 40% of Australian households that can pay no more than $400 per week in rent or $400,000 purchase price for their housing needs.

How the Company Makes Money

Aspen Group Limited generates revenue through multiple streams, primarily from rental income derived from its portfolio of commercial and residential properties. The company leases space to various tenants in sectors such as healthcare and education, providing stable cash flow. Additionally, APZ engages in property development projects, which contribute to its earnings through the sale of developed properties and capital gains. Strategic partnerships with local governments and private developers enhance its project pipeline and market presence, while ongoing asset management services ensure the optimization of property performance and tenant satisfaction, further driving revenue growth.

Aspen Group Limited Financial Statement Overview

Summary

Aspen Group Limited shows strong revenue growth and profitability, with effective cost management and a solid capital structure. However, challenges in cash generation are noted, indicating room for improvement in cash flow management.

Income Statement

Aspen Group Limited has demonstrated strong revenue growth with a 9.05% increase in the latest year, supported by a solid gross profit margin of 55.15%. The net profit margin remains robust at 52.76%, indicating effective cost management. However, the decline in gross profit margin from the previous year suggests potential pressure on cost efficiency.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.24, reflecting prudent leverage management. Return on equity is moderate at 10.38%, indicating reasonable profitability relative to shareholder equity. The equity ratio stands at a stable level, suggesting a balanced capital structure.

Cash Flow

Operating cash flow to net income ratio is at 0.40, showing a moderate conversion of income to cash. The free cash flow growth rate is negative at -13.27%, highlighting challenges in cash generation. However, the free cash flow to net income ratio of 1.0 indicates that the company is generating sufficient free cash flow relative to its net income.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	108.13M	108.13M	91.12M	65.67M	46.68M	35.52M
Gross Profit	59.63M	59.63M	56.29M	37.20M	24.31M	23.55M
EBITDA	38.03M	38.03M	73.02M	22.20M	12.44M	26.56M
Net Income	57.05M	57.05M	48.44M	54.40M	75.38M	25.39M
Balance Sheet
Total Assets	733.46M	733.46M	668.95M	575.84M	468.49M	249.93M
Cash, Cash Equivalents and Short-Term Investments	9.99M	9.99M	4.52M	8.92M	10.89M	9.53M
Total Debt	131.01M	131.01M	199.90M	171.69M	154.42M	83.18M
Total Liabilities	187.81M	187.81M	235.29M	214.67M	191.47M	97.38M
Stockholders Equity	549.49M	549.49M	437.49M	365.00M	280.86M	156.39M
Cash Flow
Free Cash Flow	22.90M	22.90M	29.12M	11.79M	12.50M	10.20M
Operating Cash Flow	22.90M	22.90M	30.95M	14.06M	14.12M	11.27M
Investing Cash Flow	7.46M	8.09M	-38.43M	-50.40M	-85.40M	-35.69M
Financing Cash Flow	-20.88M	-25.52M	3.08M	34.53M	73.73M	24.54M

Aspen Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APZ, the sentiment is Positive. The current price of 5.63 is above the 20-day moving average (MA) of 5.45, above the 50-day MA of 5.30, and above the 200-day MA of 4.16, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 67.86 is Neutral, neither overbought nor oversold. The STOCH value of 68.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:APZ.

Aspen Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HMC	79 Outperform	AU$1.57B	10.36	10.22%	3.17%	206.14%	101.96%
APZ	71 Outperform	AU$1.25B	19.59	11.76%	1.83%	17.91%	6.19%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
DXC	64 Neutral	AU$393.98M	10.01	7.93%	7.46%	-3.97%	1057.09%
ABG	57 Neutral	AU$1.05B	38.87	1.70%	7.11%	4.69%	―
CMW	54 Neutral	AU$1.20B	-20.54	-9.33%	6.12%	-5.64%	89.16%
COF	53 Neutral	AU$660.06M	-33.84	-1.91%	8.63%	-4.50%	88.28%

Aspen Group Limited Corporate Events

Citi Group Entities Cease to Be Substantial Holders in Aspen Group

Citigroup Global Markets Australia Pty Limited and related Citi group entities have notified Aspen Group that they have ceased to be substantial shareholders as of 23 December 2025, following a series of transactions that significantly reduced their relevant interest in Aspen’s ordinary fully paid shares. The change stems from decreases in holdings tied to securities lending arrangements and ordinary course stock market dealings by Citibank N.A. Sydney Branch, Citigroup Global Markets Australia Pty Limited and Citigroup Global Markets Limited, signalling the withdrawal of a major institutional holder from Aspen’s register and potentially altering the company’s ownership structure and liquidity profile for remaining investors.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$5.95 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Announces New Dividend Distribution

Aspen Group has announced a new dividend distribution for its fully paid ordinary units stapled securities, with a distribution amount of AUD 0.055 per security. The dividend relates to a six-month period ending on December 31, 2025, with the ex-date set for December 30, 2025, and payment scheduled for February 27, 2026. This announcement reflects the company’s ongoing commitment to returning value to its shareholders and may impact investor sentiment positively.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$5.95 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Director Acquires Additional Performance Rights

Aspen Group Limited announced a change in the director’s interest, with John Carter acquiring 400,000 performance rights following shareholder approval at the 2025 AGM. This acquisition reflects the company’s ongoing commitment to aligning its leadership’s interests with shareholder value, potentially impacting its market position and stakeholder confidence.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$5.95 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Announces Director’s Interest Change

Aspen Group Limited has announced a change in the director’s interest, specifically concerning David Dixon. The company disclosed that Dixon acquired 400,000 performance rights following shareholder approval at the 2025 AGM, valued at $2.867 per right. This change reflects an increase in his direct interest in the company, potentially impacting his influence and decision-making within the organization.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$5.95 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Limited Announces 2025 AGM Results

Aspen Group Limited announced the results of its 2025 Annual General Meeting, where several resolutions were passed. Key outcomes included the adoption of the Remuneration Report, re-election of directors, and the ratification of issued securities, reflecting strong shareholder support and strategic alignment in leadership and financial decisions.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group’s Strategic Focus on Affordable Housing and Profit Maximization

Aspen Group Limited’s 2025 AGM presentation highlights its strategic focus on creating value for customers and securityholders by providing quality rental accommodation to lower-income Australian households. The company emphasizes its proprietary ownership model, intensive property management, and development of cost-effective housing solutions, which positions it to maximize profitability and equity value while reducing risk.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Achieves Record Financial Performance and Expands Market Presence

Aspen Group Limited announced a record financial performance and stock price increase, emphasizing its commitment to affordable housing amid a challenging market. The company strategically manages acquisitions and disposals to align with its affordability focus, and its recent capital raising has enhanced its attractiveness to institutional investors, potentially aiding its inclusion in the ASX 300 index.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Announces 2025 Annual General Meeting

Aspen Group Limited has announced its 2025 Annual General Meeting, scheduled for November 20, 2025, in Sydney. Shareholders are invited to participate, with meeting materials available online and the option to vote in advance. This meeting is a significant event for Aspen Group, reflecting its commitment to shareholder engagement and transparency.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Limited Releases 2025 Corporate Governance Statement

Aspen Group Limited has released its corporate governance statement for the financial year ending June 30, 2025. The statement, approved by the board and current as of October 3, 2025, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations. The statement is accessible on their website, providing transparency about the company’s governance practices. This announcement underscores Aspen Group’s commitment to maintaining robust governance standards, which is crucial for its stakeholders and industry positioning.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.

Aspen Group Boosts Earnings Guidance Amid Housing Market Challenges

Aspen Group Limited has announced an upgrade to its FY26 Pre Tax Underlying Earnings guidance, reflecting a 20% increase from FY25 and 6% above initial guidance. This positive outlook is driven by strong demand in the housing market, exacerbated by acute shortages and regulatory constraints. Aspen’s strategic focus on affordable housing positions it well within Australia’s $11 trillion housing market. The company has seen significant growth in its rental and development segments, with increased profitability and expanded property portfolios. Aspen’s investments in park facilities and lifestyle houses have bolstered its market position, leading to improved net rental income and development profits.

The most recent analyst rating on (AU:APZ) stock is a Buy with a A$5.50 price target. To see the full list of analyst forecasts on Aspen Group Limited stock, see the AU:APZ Stock Forecast page.