ABACUS STORAGE KING (ASK) AI Stock Analysis

• Market Cap: AU$2.06B
• Dividend Yield: 4.13%
• Average Volume (3M): 1.57M
• Price to Earnings (P/E): 7.1
• Beta (1Y): 0.91
• Revenue Growth: 11.51%
• EPS Growth: 109.13%
• Country: AU
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.03
• Shares Outstanding: 1,314,102,900
• 10 Day Avg. Volume: 1,237,646
• 30 Day Avg. Volume: 1,571,788
• PEG Ratio: 0.06
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 8.21
• P/FCF Ratio: 24.14
• 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$1.56
• Price Target Upside: 0.00%
• Rating Consensus: Hold
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: AU$1.50 ▼(-3.85% Downside)

ABACUS STORAGE KING's strong financial performance and attractive valuation are the primary drivers of its score. However, technical indicators suggest weak market momentum, which tempers the overall outlook. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Recurring, resilient business model

The core self-storage model generates recurring monthly rental revenue from diverse residential and commercial customers. This creates predictable cash flows, high customer stickiness, and scalable margins as occupancy and ancillary services expand, supporting durable profitability and reinvestment capacity.

Solid revenue growth trend

Double-digit revenue growth indicates sustained demand for storage capacity and effective pricing/marketing execution. Persistent top-line expansion enhances fixed-cost absorption and funds organic expansion, making future cash generation and strategic investment more attainable over the medium term.

Improving cash generation and FCF

A notable rise in free cash flow and strong operating cash conversion provide financial flexibility to fund maintenance capex, pay distributions, and reduce debt. Reliable FCF underpins long-term capital allocation, reducing refinancing risk and supporting shareholder returns.

Negative Factors

Moderate leverage with ROE headroom

While leverage is balanced, a 0.49 debt-to-equity ratio implies limited debt capacity before financial flexibility is constrained. Coupled with suboptimal ROE, this suggests capital structure and asset returns could be optimized to boost long-term shareholder value and fund growth without excessive borrowing.

Net margin sustainability concerns

Reported net margins appear enhanced by one-off or non-operational items, masking underlying operating profitability. If these items normalize, reported earnings and distributable cash could decline, pressuring dividends and reinvestment plans unless core margins are further improved.

Limited public investor communication

Absence of earnings call detail and limited corporate events reduces transparency on guidance, strategy, and execution. Over the medium term, this governance/communication gap can impede investor visibility into operational trends and hinder confidence in management's stewardship during business shifts.

ABACUS STORAGE KING Business Overview & Revenue Model

Company Description

Abacus Storage King owns, operates, and manages a self-storage operating platform in Australia and New Zealand. The company is based in Sydney, Australia. Abacus Storage King operates as a subsidiary of Abacus Storage Operations Limited.

How the Company Makes Money

ABACUS STORAGE KING generates revenue primarily through rental fees for storage units. Customers pay monthly fees based on the size and type of unit they choose, with additional options available for climate control and security features. The company may also offer supplementary services, such as packaging supplies, truck rentals, and insurance for stored goods, which contribute to its revenue streams. Seasonal promotions and partnerships with local businesses can enhance customer acquisition and retention, increasing overall earnings. Additionally, ASK may invest in digital marketing strategies to attract new clients and maintain a competitive edge in the self-storage market.

ABACUS STORAGE KING Financial Statement Overview

Summary

ABACUS STORAGE KING demonstrates solid financial health with strong revenue growth and efficient operations. The balance sheet reflects a stable leverage position, though there is room for improvement in return on equity. Cash flow generation is robust, supporting the company's operational and financial activities.

Income Statement

ABACUS STORAGE KING shows a strong revenue growth trajectory with a 6.32% increase in the latest year. The company maintains high gross profit margins, although the net profit margin is inflated due to non-operational factors. EBIT and EBITDA margins are robust, indicating efficient operational management.

Balance Sheet

The company's debt-to-equity ratio is moderate at 0.49, reflecting a balanced leverage position. The equity ratio is healthy, suggesting a stable financial structure. However, the return on equity has room for improvement, indicating potential inefficiencies in generating shareholder returns.

Cash Flow

Operating cash flow and free cash flow have shown positive growth, with a notable 12.55% increase in free cash flow. The operating cash flow to net income ratio is strong, suggesting good cash conversion from earnings. However, the free cash flow to net income ratio indicates some variability in cash flow generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	247.26M	246.46M	220.47M	201.72M	167.80M	113.92M
Gross Profit	191.05M	182.47M	167.18M	124.72M	167.79M	109.40M
EBITDA	334.79M	335.16M	165.45M	43.01M	69.83M	47.03M
Net Income	289.05M	289.05M	138.18M	20.68M	42.07M	28.90M
Balance Sheet
Total Assets	3.61B	3.61B	3.23B	512.72M	558.76M	410.23M
Cash, Cash Equivalents and Short-Term Investments	119.50M	119.50M	181.83M	21.73M	38.03M	16.02M
Total Debt	1.15B	1.15B	995.32M	172.65M	240.34M	181.65M
Total Liabilities	1.28B	1.28B	1.11B	250.93M	318.25M	234.24M
Stockholders Equity	2.33B	2.33B	2.12B	261.79M	240.51M	175.99M
Cash Flow
Free Cash Flow	83.83M	83.83M	73.84M	91.58M	83.17M	53.14M
Operating Cash Flow	88.73M	88.73M	73.84M	99.36M	86.47M	59.74M
Investing Cash Flow	-121.17M	-121.17M	-7.98M	-23.03M	-66.33M	-54.69M
Financing Cash Flow	62.82M	62.82M	-12.57M	-94.19M	2.02M	-17.03M

ABACUS STORAGE KING Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.56
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASK, the sentiment is Positive. The current price of 1.56 is above the 20-day moving average (MA) of 1.52, above the 50-day MA of 1.45, and above the 200-day MA of 1.44, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 70.82 is Negative, neither overbought nor oversold. The STOCH value of 79.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ASK.

ABACUS STORAGE KING Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DXI	70 Outperform	AU$843.94M	10.02	7.99%	6.09%	-8.67%	―
CIP	70 Outperform	AU$2.08B	15.89	5.38%	4.85%	4.39%	176.52%
BWP	68 Neutral	AU$2.84B	10.53	9.58%	4.87%	16.53%	36.39%
ASK	67 Neutral	AU$2.06B	7.11	13.00%	4.13%	11.51%	109.13%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NSR	62 Neutral	AU$3.86B	16.12	6.61%	3.99%	10.59%	0.77%
ABG	57 Neutral	AU$1.05B	39.04	1.70%	7.11%	4.69%	―

ABACUS STORAGE KING Corporate Events

ABACUS STORAGE KING Announces Dividend Distribution for 2025

ABACUS STORAGE KING has announced a dividend distribution of AUD 0.031 per security for the period ending December 31, 2025. The ex-date is set for December 30, 2025, with a record date of December 31, 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 stakeholders by reinforcing the company’s stable financial performance.

The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.

Abacus Storage King Announces Director’s Securities Adjustment

Abacus Storage King announced a change in the director’s interest, with Steven Sewell disposing of 495,515 direct securities and acquiring 146,776 ordinary securities through the exercise of short-term incentives in Abacus Group. This change reflects a strategic adjustment in the director’s holdings, potentially impacting the company’s governance and stakeholder interests.

The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.

Abacus Storage King Issues Unquoted Securities to Boost Employee Incentives

Abacus Storage King announced the issuance of 440,078 unquoted securities under an employee incentive scheme, effective November 21, 2025. This move is part of the company’s strategy to motivate and retain employees, potentially impacting its operational efficiency and market positioning positively.

The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.

Abacus Storage King Appoints New Director

Abacus Storage King has announced the appointment of Clive Berelowitz as a director, effective November 19, 2025. The announcement indicates that Berelowitz currently holds no relevant interests in securities, which may suggest a focus on governance and oversight rather than financial investment, potentially impacting the company’s strategic direction and stakeholder confidence.

The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.

Abacus Storage King Appoints Clive Berelowitz as Non-Executive Director

Abacus Storage King has appointed Clive Berelowitz as a Non-Executive Director, effective November 19, 2025. Berelowitz, an Investment Director at Ki Corporation, brings a wealth of experience in corporate strategy and investment, with a strong background in global self-storage markets. His appointment is expected to enhance the company’s strategic direction and operational leadership, potentially impacting its market positioning and stakeholder interests positively.

The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.

Abacus Storage King Director Increases Stake Through LTIs

Abacus Storage King announced a change in the director’s interest, with Steven Sewell acquiring 495,515 direct securities. This change reflects an exercise of long-term incentives within the Abacus Group, potentially impacting the company’s governance and signaling confidence in its future performance.

The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.

Abacus Storage King Secures Strong Support at AGM

Abacus Storage King announced that all resolutions were passed by poll at its Annual General Meeting, reflecting strong support from securityholders. This outcome signifies stability and confidence in the company’s leadership and strategic direction, potentially reinforcing its position in the storage industry and assuring stakeholders of its governance and operational continuity.

The most recent analyst rating on (AU:ASK) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on ABACUS STORAGE KING stock, see the AU:ASK Stock Forecast page.