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Abacus Storage King owns, (ASK) Fair Value & Analysis

Real Estate · AU · Market cap A$1.7B

AS Abacus Storage King owns, ASK · AU
PriceA$1.29
Fair ValueA$0.2300
Upside-82.2%
Quality50/100
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Expensive Growth
Highly profitable · 116.6% net margin
Low debt · generates free cash flow
4.68% dividend yield
Trails peers (5/14)
Moderate moat 49/100
Evidence: High Range A$0.1700 – A$0.5300 Share as image

Fair value as of: Jul 20, 2026

From 12 valuation models · updated 21 days ago

Share price +0.4% over the past month.

A solid business, but screening 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.5300). The favourable scenario is already priced in.
  • The model range is unusually wide (A$0.1700 to A$0.5300). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (3 years)

A$1.56 A$0.8594 Fair Value A$0.2300 Aug 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

36‑month range A$0.8594 – A$1.56 · fair‑value band A$0.1700 – A$0.5300 · the A$1.29 price screens above the A$0.2300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Abacus Storage King owns, (ASK) currently trades at A$1.29, while our model-based Fair Value estimate is A$0.2300, implying the stock looks roughly 82.2% overvalued today. The Quality Score stands at 50/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Trailing-twelve-month revenue stands at A$251M. Revenue grew 3.2% year over year. It earns a return on equity of 13.0%. Net debt stands at A$1.0B. Fundamentals as of Jul 20, 2026

Our scenario range runs from A$0.1700 (bear case) to A$0.5300 (bull case); at A$1.29, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -45% fair-value upside, at -82%, ASK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF A$0.4000 A$1.13 80
Residual Income A$1.56 A$1.77 A$2.94 76
Gordon GGM A$0.4900 A$0.8900 A$1.23 70
All 12 models by family
DCF Models
FCF DCF A$0.4900 A$1.44 38
5Y EBITDA Exit A$0.0900 A$0.5300 41
10Y Revenue Exit A$0.2100 36
10Y EBITDA Exit A$0.1400 A$0.6600 37
Dividend Discount
Gordon GGM A$0.4900 A$0.8900 A$1.23 70
DDM Multi-Stage A$0.4900 A$0.8100 A$0.9500 61
Multiples
P/S Multiple A$0.1700 A$0.2300 A$0.2800 58
P/B Multiple A$2.39 A$3.19 A$3.99 55
EV/EBIT A$0.1500 A$0.3800 53
Asset-Based
NCAV (Graham) A$0.8900 A$1.19 A$1.77 50
Growth DCF
Growth DCF A$0.4000 A$1.13 80
Economic Profit
Residual Income A$1.56 A$1.77 A$2.94 76

Widest divergence: Economic Profit (A$1.77) versus DCF Models (A$0.1400). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$251M
Revenue growth (YoY) +3.2%
Net margin 117%
Return on equity 13.0%
Free cash flow A$83.8M FY2025
P/E ratio 6.3
More key figures
Operating margin 45.4%
EPS (TTM) A$0.2200
Dividend yield 4.5%
EPS growth (YoY) +4.8%
Net debt A$1.0B FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 53 · Market factors (momentum, volatility) 37

Profitability 43
Margins and returns on capital today
Quality Growth 65
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 53
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Abacus Storage King owns, operates, and manages a self-storage operating platform in Australia and New Zealand. The company is headquartered in Sydney, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Abacus Storage King owns, reported revenue of A$246M in FY2025 versus A$114M in FY2021, a compound +21.3%/yr. Reported net income was A$289M in FY2025, compounding +77.8%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
A$246M
Latest YoY
+11.8%
Avg. growth/yr (3Y)
+13.7%
Revenue +21.3%/yr
FY21 A$114M
FY22 A$168M
FY23 A$202M
FY24 A$220M
FY25 A$246M
Net income +77.8%/yr
FY21 A$28.9M
FY22 A$42.1M
FY23 A$20.7M
FY24 A$138M
FY25 A$289M

ASK screens 82% overvalued. Compare with Prologis, Inc →

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Cite: Fair Value Calculator (2026). "Abacus Storage King owns, Fair Value". https://www.fairvalue-calculator.com/stock/ASK

Peer Group

REIT - Industrial · 63 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Below median
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 2% · Bottom 25%
Net margin (TTM) 117% · Top 25%
Operating margin (TTM) 45% · Below median
Revenue growth 3% · Below median
Dividend yield (TTM) 4.7% · Below median
Debt / equity 0.49× · Higher than median

Valuation Multiples vs REIT - Industrial median · lower = cheaper

P/E (TTM) 6.0× · Cheaper than 75% of peers
P/B 0.53× · Cheaper than 75% of peers
P/S (TTM) 4.91× · Cheaper than median
P/FCF 14.7× · Pricier than median
EV/EBITDA 18.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 5
FUTURE 16 · sector 19
PAST 52 · sector 27
HEALTH 76 · sector 76
DIVIDEND 94 · sector 100

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Industrial stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Prologis, Inc PLD $143.42 $61.28 -57%
Public Storage, a member of the S&P 500, PSA $322.48 $172.80 -46%
Extra Space Storage Inc EXR $147.71 $78.38 -47%
EastGroup Properties, Inc EGP $213.10 $81.41 -62%
Lineage, Inc LINE $41.42 $47.91 +16%
CapitaLand Ascendas REIT (CLAR) A17U 2.51 SGD 2.00 SGD -20%
CubeSmart CUBE $42.09 $25.06 -40%
First Industrial Realty Trust, Inc FR $66.99 $21.48 -68%
Rexford Industrial Realty, Inc REXR $39.00 $21.35 -45%
STAG Industrial, Inc STAG $41.11 $24.31 -41%

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Frequently asked questions

Is Abacus Storage King owns, (ASK) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of A$0.2300 versus a price of A$1.29, about −82% (overvalued).
What is the fair value of ASK?
Our model-based fair value for Abacus Storage King owns, is A$0.2300 (as of Jul 20, 2026), built from audited fundamentals. The current price is A$1.29.
What is the quality score of ASK?
Abacus Storage King owns, has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Abacus Storage King owns, (ASK)?
Abacus Storage King owns, reported trailing-twelve-month revenue of about A$251M (latest available figure, as of Jul 20, 2026).
What is the net profit margin of ASK?
The net profit margin of Abacus Storage King owns, is about 116.6%, meaning it keeps roughly 116.6% of revenue as net income. Based on the latest reported figures.
Does Abacus Storage King owns, pay a dividend?
Abacus Storage King owns, currently shows a dividend yield of about 4.53% relative to its recent price (as of Jul 20, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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