ABACUS STORAGE KING (ASK) AI Stock Analysis

• Market Cap: AU$1.96B
• Dividend Yield: 4.13%
• Average Volume (3M): 1.57M
• Price to Earnings (P/E): 6.8
• Beta (1Y): 0.78
• 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$1.58
• Price Target Upside: 5.33% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: AU$1.50 ▲(0.00% Upside)
• Action: Downgraded Date: 11/01/25
• Date: Action: Downgraded 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.

Robust cash flow generation

Double-digit free cash flow growth and strong cash conversion demonstrate the business converts earnings into liquidity effectively. This underpins capacity for maintenance capex, dividends and selective growth investments without excessive reliance on external financing.

Conservative leverage profile

A moderate D/E of ~0.49 signals a conservative capital structure for an industrial REIT, preserving borrowing capacity and resilience to rate cycles. This balance sheet strength supports steady operations and strategic acquisitions while limiting refinancing stress.

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.

Earnings quality concerns

Reliance on non-operational items to bolster net margins reduces the sustainability of reported profits. Structural decisions like dividend policy or reinvestment based on inflated margins risk being unsupported by core operating cash flows in weaker cycles.

Free cash flow variability

Variability in free cash flow relative to net income weakens predictability for dividends, capex planning and debt reduction. For a REIT, consistent FCF is critical; swings can force reactive financing or cutbacks during downturns, elevating long-term execution risk.

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	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

• Technical Analysis Sentiment: Neutral
• Last Price: 1.50
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ASK, the sentiment is Neutral. The current price of 1.5 is below the 20-day moving average (MA) of 1.53, below the 50-day MA of 1.53, and above the 200-day MA of 1.47, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 43.61 is Neutral, neither overbought nor oversold. The STOCH value of 16.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$799.52M	10.79	7.99%	6.09%	-8.67%	―
CIP	70 Outperform	AU$2.01B	14.32	5.38%	4.85%	4.39%	176.52%
BWP	69 Neutral	AU$2.77B	8.28	9.58%	4.87%	16.53%	36.39%
ASK	67 Neutral	AU$1.96B	6.77	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$3.90B	17.40	6.61%	3.99%	10.59%	0.77%
ABG	57 Neutral	AU$942.81M	12.47	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.