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ABACUS STORAGE KING
(Sydney:ASK)
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Rating:67Neutral
Price Target:
AU$1.50
â–²(6.38% Upside)
Action:Downgraded
Date:11/01/25
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
Revenue growth momentum
Consistent revenue growth of ~6.3% indicates durable demand for self-storage offerings and steady pricing/occupancy trends. This supports reinvestment in facilities, scale benefits across the portfolio and long-term revenue visibility for the REIT, aiding sustainable cash generation.
Negative Factors
Subpar return on equity
ROE underperformance suggests the company may not be maximising returns on shareholder capital. Over time, this can limit equity holders' compounding and implies potential inefficiencies in asset utilization or capital allocation versus peers in the storage/industrial REIT sector.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth momentum
Consistent revenue growth of ~6.3% indicates durable demand for self-storage offerings and steady pricing/occupancy trends. This supports reinvestment in facilities, scale benefits across the portfolio and long-term revenue visibility for the REIT, aiding sustainable cash generation.
Read all positive factors
ABACUS STORAGE KING (ASK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.75B
Dividend Yield4.13%
Average Volume (3M)1.57M
Price to Earnings (P/E)6.0
Beta (1Y)0.71
Revenue Growth8.27%
EPS Growth42.20%
CountryAU
Employees568
SectorReal Estate
Sector Strength53
IndustryREIT - Industrial
Share Statistics
EPS (TTM)0.22
Shares Outstanding1,314,102,900
10 Day Avg. Volume1,237,646
30 Day Avg. Volume1,571,788
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)0.87
Price to Sales (P/S)8.21
P/FCF Ratio24.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.55Price Target Upside10.17% Upside
Rating ConsensusHold
Number of Analyst Covering6
EPS Forecast (FY)0.07
Revenue Forecast (FY)AU$262.79M
ABACUS STORAGE KING Business Overview & Revenue Model
Company Description
Headquartered in Sydney, Australia, Abacus Storage King oversees the ownership, operation, and management of self-storage assets throughout Australia and New Zealand. This entity functions as a direct 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 comp...
ABACUS STORAGE KING Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 250.98M | 246.46M | 220.47M | 201.72M | 167.80M | 113.92M |
| Gross Profit | 191.85M | 182.47M | 167.18M | 124.72M | 167.79M | 109.40M |
| EBITDA | 301.71M | 335.16M | 165.45M | 43.01M | 69.83M | 47.03M |
| Net Income | 292.32M | 289.05M | 138.18M | 20.68M | 42.07M | 28.90M |
Balance Sheet | ||||||
| Total Assets | 3.71B | 3.61B | 3.23B | 512.72M | 558.76M | 410.23M |
| Cash, Cash Equivalents and Short-Term Investments | 73.19M | 119.50M | 181.83M | 21.73M | 38.03M | 16.02M |
| Total Debt | 1.24B | 1.15B | 995.32M | 172.65M | 240.34M | 181.65M |
| Total Liabilities | 1.36B | 1.28B | 1.11B | 250.93M | 318.25M | 234.24M |
| Stockholders Equity | 2.35B | 2.33B | 2.12B | 261.79M | 240.51M | 175.99M |
Cash Flow | ||||||
| Free Cash Flow | 78.51M | 83.83M | 73.84M | 91.58M | 83.17M | 53.14M |
| Operating Cash Flow | 84.25M | 88.73M | 73.84M | 99.36M | 86.47M | 59.74M |
| Investing Cash Flow | -254.34M | -121.17M | -7.98M | -23.03M | -66.33M | -54.69M |
| Financing Cash Flow | 160.30M | 62.82M | -12.57M | -94.19M | 2.02M | -17.03M |
ABACUS STORAGE KING Technical Analysis
Negative
1.41
Price Trends
1.37
Negative
1.38
Negative
1.40
Negative
Market Momentum
>-0.01
Positive
42.76
Neutral
41.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASK, the sentiment is Negative. The current price of 1.41 is above the 20-day moving average (MA) of 1.35, above the 50-day MA of 1.37, and above the 200-day MA of 1.40, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 42.76 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:ASK.
ABACUS STORAGE KING Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$1.19B | 7.74 | 7.18% | 3.65% | 31.93% | 56.22% | |
71 Outperform | AU$1.57B | 8.21 | 21.02% | 6.30% | -0.79% | 54.01% | |
70 Outperform | AU$753.09M | 10.23 | 6.84% | 6.09% | -6.09% | 41.37% | |
70 Outperform | AU$1.87B | 13.66 | 5.63% | 4.85% | 2.44% | 42.65% | |
67 Neutral | AU$1.75B | 5.98 | 12.48% | 4.13% | 8.27% | 42.20% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
AU:ASK
ABACUS STORAGE KING
1.33
-0.15
-10.38%
AU:WPR
Waypoint REIT Ltd.
2.40
0.07
3.05%
AU:UOS
United Overseas Australia Ltd
0.68
0.10
17.65%
AU:DXI
Dexus Industria REIT
2.41
-0.14
-5.49%
AU:CIP
Centuria Industrial REIT
2.99
>-0.01
-0.27%
ABACUS STORAGE KING Corporate Events
ABACUS STORAGE KING Announces Dividend Distribution for 2025
Dec 10, 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, ...
Abacus Storage King Announces Director’s Securities Adjustment
Nov 26, 2025
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...
Abacus Storage King Issues Unquoted Securities to Boost Employee Incentives
Nov 24, 2025
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 it...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.