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Aspen Group Limited
(Sydney:APZ)
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Rating:69Neutral
Price Target:
AU$6.00
▲(6.57% Upside)
Action:Downgraded
Date:08/19/26
The score is led by strong historical financial performance (revenue growth and high reported profitability), tempered by quality-of-earnings risks from persistently weaker cash conversion and higher leverage due to the 2026 debt increase. Technical signals are neutral and valuation appears reasonable with a modest dividend yield, providing balanced but not compelling support.
Positive Factors
Strong Revenue Growth
Revenue has expanded substantially over five years, indicating stronger portfolio scale and operating reach. Sustained growth provides a durable foundation for future earnings, although the company must continue converting this expansion into reliable cash generation.
Negative Factors
Weak Cash Conversion
The recurring gap between operating cash flow and reported net income raises quality-of-earnings concerns. If profits do not consistently translate into cash, the company may have less internally generated funding for property investment, debt service and distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue has expanded substantially over five years, indicating stronger portfolio scale and operating reach. Sustained growth provides a durable foundation for future earnings, although the company must continue converting this expansion into reliable cash generation.
Read all positive factors
Aspen Group Limited (APZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.10B
Dividend Yield2.29%
Average Volume (3M)344.07K
Price to Earnings (P/E)15.0
Beta (1Y)0.86
Revenue Growth30.59%
EPS Growth13.40%
CountryAU
Employees17
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)0.32
Shares Outstanding229,234,220
10 Day Avg. Volume399,691
30 Day Avg. Volume344,073
Financial Highlights & Ratios
PEG Ratio1.14
Price to Book (P/B)1.96
Price to Sales (P/S)8.39
P/FCF Ratio27.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$6.19Price Target Upside9.90% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.23
Revenue Forecast (FY)AU$171.56M
Aspen Group Limited Business Overview & Revenue Model
Company Description
Aspen Group is a key operator in the accommodation market, supplying high-standard housing options at appealing prices. Their offerings span residential properties, retirement villages, and park communities. The company focuses its efforts on serv...
How the Company Makes Money
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Aspen Group Limited Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 141.21M | 108.13M | 91.12M | 65.67M | 46.68M |
| Gross Profit | 71.81M | 59.63M | 56.29M | 37.20M | 24.31M |
| EBITDA | 104.72M | 38.03M | 73.02M | 22.20M | 12.44M |
| Net Income | 72.57M | 57.05M | 48.44M | 54.40M | 75.38M |
Balance Sheet | |||||
| Total Assets | 924.73M | 733.46M | 668.95M | 575.84M | 468.49M |
| Cash, Cash Equivalents and Short-Term Investments | 5.26M | 9.99M | 4.52M | 8.92M | 10.89M |
| Total Debt | 222.97M | 131.01M | 199.90M | 171.69M | 154.42M |
| Total Liabilities | 323.27M | 187.81M | 235.29M | 214.67M | 191.47M |
| Stockholders Equity | 605.29M | 549.49M | 437.49M | 365.00M | 280.86M |
Cash Flow | |||||
| Free Cash Flow | 43.14M | 22.90M | 29.12M | 11.79M | 12.50M |
| Operating Cash Flow | 45.68M | 22.90M | 30.95M | 14.06M | 14.12M |
| Investing Cash Flow | -83.93M | 8.09M | -38.43M | -50.40M | -85.40M |
| Financing Cash Flow | 33.51M | -25.52M | 3.08M | 34.53M | 73.73M |
Aspen Group Limited Technical Analysis
Negative
5.63
Price Trends
5.10
Negative
4.95
Negative
5.12
Negative
Market Momentum
-0.06
Positive
36.96
Neutral
12.52
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:APZ, the sentiment is Negative. The current price of 5.63 is above the 20-day moving average (MA) of 5.11, above the 50-day MA of 5.10, and above the 200-day MA of 5.12, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 12.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:APZ.
Aspen Group Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$894.04M | 8.64 | 16.17% | 5.86% | 1.05% | 77.00% | |
71 Outperform | AU$583.83M | 8.76 | 12.22% | 4.91% | 7.87% | 33.77% | |
70 Outperform | AU$1.49B | 7.93 | 10.91% | 2.63% | 8.14% | 45.13% | |
69 Neutral | AU$1.10B | 15.00 | 12.29% | 2.29% | 30.59% | 13.40% | |
62 Neutral | AU$613.89M | 12.95 | 7.06% | 1.43% | 38.59% | ― | |
56 Neutral | AU$1.74B | 31.28 | 8.71% | 0.24% | 8.48% | -32.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
AU:APZ
Aspen Group Limited
4.80
0.49
11.34%
AU:PPC
Peet Limited
1.90
0.26
15.85%
AU:INA
Ingenia Communities Group
3.65
-1.84
-33.54%
AU:CWP
Cedar Woods Properties Limited
6.83
-0.39
-5.38%
AU:LIC
Lifestyle Communities Ltd
5.05
-0.40
-7.34%
AU:GLF
Gemlife Communities Group
4.58
-0.02
-0.39%
Aspen Group Limited Corporate Events
Aspen Group Lifts FY27 Outlook on New Development Approvals
Aug 17, 2026
Aspen Group has released its FY26 financial results and outlined an upgraded guidance for FY27, signaling increased confidence in its near-term performance. The company also announced new development approvals, which are expected to support future...
Aspen Group Strengthens Leadership with New CIO and CFO Appointments
Aug 17, 2026
Aspen Group has created two new executive roles, appointing Patrick Maddern as Chief Investment Officer and Hamish Perks as Chief Financial Officer, effective 1 September 2026. Maddern, previously Head of Asset Management Development, will overse...
Aspen Property Trust Publishes Comprehensive 2026 Annual Financial Report
Aug 17, 2026
Aspen Property Trust has released its annual financial report for the year ended 30 June 2026, providing a detailed view of its consolidated profit or loss, financial position, cash flows and changes in equity. The report outlines key elements of ...
Aspen Group Posts 27% Profit Lift and Raises Underlying Earnings
Aug 17, 2026
Aspen Group Limited reported strong results for the year ended 30 June 2026, with revenue from ordinary activities rising 32% to $141.2 million and profit after tax increasing 27% to $72.6 million. Underlying operating earnings climbed 46% to $49....
Aspen Group Sets Date for FY26 Results Webinar
Jul 28, 2026
Aspen Group has scheduled a webinar to present its FY26 financial results on 18 August 2026 at 10:30am AEST, featuring a brief presentation followed by a QA session. The event signals the company’s intent to engage closely with investors and...
Aspen Group lifts FY26 payout and initiates franked dividends after profit surge
Jun 18, 2026
Aspen Group has declared a final distribution of 5.5 cents per stapled security for FY26, bringing total distributions for the year to 11.0 cents per security, in line with prior guidance and representing a 10% increase on FY25. The payment compri...
Aspen Group Announces Interim Distribution of AUD 0.055 per Stapled Security
Jun 18, 2026
Aspen Group has declared a six-month distribution of AUD 0.055 per fully paid stapled security for the period ending 30 June 2026, reinforcing its practice of regular income payments to investors. The distribution will trade ex on 29 June, with a ...
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.