Abacus Group
Abacus Group is a strong asset backed, annuity style business model where capital is directed towards assets that provide potential for enhanced income growth and ultimately create value. Our people, market insight and repositioning capability together with strategic partnering are the key enablers of our strategy. Abacus Group (ASX: ABG) is listed on the Australian Stock Exchange and is included… Read more
Abacus Group (ABG) - Net Assets
Latest net assets as of June 2025: AU$1.56 Billion AUD
Based on the latest financial reports, Abacus Group (ABG) has net assets worth AU$1.56 Billion AUD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$2.59 Billion) and total liabilities (AU$1.03 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$1.56 Billion |
| % of Total Assets | 60.4% |
| Annual Growth Rate | 1.76% |
| 5-Year Change | -46.13% |
| 10-Year Change | 0.26% |
| Growth Volatility | 20.45 |
Abacus Group - Net Assets Trend (2014–2025)
This chart illustrates how Abacus Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Abacus Group (2014–2025)
The table below shows the annual net assets of Abacus Group from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$1.56 Billion | -2.73% |
| 2024-06-30 | AU$1.61 Billion | -52.19% |
| 2023-06-30 | AU$3.36 Billion | -3.98% |
| 2022-06-30 | AU$3.50 Billion | +20.65% |
| 2021-06-30 | AU$2.90 Billion | +31.50% |
| 2020-06-30 | AU$2.21 Billion | +12.28% |
| 2019-06-30 | AU$1.97 Billion | +2.54% |
| 2018-06-30 | AU$1.92 Billion | +5.63% |
| 2017-06-30 | AU$1.81 Billion | +16.38% |
| 2016-06-30 | AU$1.56 Billion | +8.42% |
| 2015-06-30 | AU$1.44 Billion | +11.47% |
| 2014-06-30 | AU$1.29 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Abacus Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 46056500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | AU$2.18 Billion | 139.29% |
| Other Comprehensive Income | AU$6.44 Million | 0.41% |
| Total Equity | AU$1.56 Billion | 100.00% |
Abacus Group Competitors by Market Cap
The table below lists competitors of Abacus Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ranger Energy Services Inc
NYSE:RNGR
|
$267.18 Million |
|
Energiekontor AG
F:EKT
|
$267.18 Million |
|
Enel Generación Chile S.A
SN:ENELGXCH
|
$267.43 Million |
|
Zhonghong Pulin Medical Products Co. Ltd.
SHE:300981
|
$267.47 Million |
|
Korea Line
KO:005880
|
$267.14 Million |
|
Beijing Leadman Biochemistry Co Ltd
SHE:300289
|
$267.10 Million |
|
FocalTech Systems Co Ltd
TW:3545
|
$267.03 Million |
|
Everjoy Health Group Co Ltd
SHE:002162
|
$267.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Abacus Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,607,132,000 to 1,563,329,000, a change of -43,803,000 (-2.7%).
- Net income of 26,910,000 contributed positively to equity growth.
- Dividend payments of 75,960,000 reduced retained earnings.
- Share repurchases of 74,000 reduced equity.
- Other comprehensive income increased equity by 888,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$26.91 Million | +1.72% |
| Dividends Paid | AU$75.96 Million | -4.86% |
| Share Repurchases | AU$74.00K | -0.0% |
| Other Comprehensive Income | AU$888.00K | +0.06% |
| Other Changes | AU$4.43 Million | +0.28% |
| Total Change | AU$- | -2.73% |
Book Value vs Market Value Analysis
This analysis compares Abacus Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.41x to 0.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-06-30 | AU$2.58 | AU$1.05 | x |
| 2015-06-30 | AU$2.68 | AU$1.05 | x |
| 2016-06-30 | AU$2.73 | AU$1.05 | x |
| 2017-06-30 | AU$3.09 | AU$1.05 | x |
| 2018-06-30 | AU$3.24 | AU$1.05 | x |
| 2019-06-30 | AU$3.38 | AU$1.05 | x |
| 2020-06-30 | AU$3.42 | AU$1.05 | x |
| 2021-06-30 | AU$3.92 | AU$1.05 | x |
| 2022-06-30 | AU$4.14 | AU$1.05 | x |
| 2023-06-30 | AU$3.76 | AU$1.05 | x |
| 2024-06-30 | AU$1.80 | AU$1.05 | x |
| 2025-06-30 | AU$1.75 | AU$1.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Abacus Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.63%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.66x
- Recent ROE (1.72%) is below the historical average (7.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 8.64% | 27.92% | 0.19x | 1.66x | AU$-17.07 Million |
| 2015 | 9.49% | 41.60% | 0.15x | 1.52x | AU$-7.22 Million |
| 2016 | 12.26% | 61.81% | 0.12x | 1.62x | AU$34.29 Million |
| 2017 | 16.14% | 88.69% | 0.13x | 1.38x | AU$108.49 Million |
| 2018 | 12.84% | 63.30% | 0.14x | 1.49x | AU$53.11 Million |
| 2019 | 10.25% | 66.37% | 0.11x | 1.44x | AU$4.81 Million |
| 2020 | 3.85% | 29.80% | 0.09x | 1.52x | AU$-135.45 Million |
| 2021 | 12.73% | 152.37% | 0.06x | 1.40x | AU$79.22 Million |
| 2022 | 14.77% | 167.70% | 0.06x | 1.54x | AU$167.05 Million |
| 2023 | 0.76% | 17.33% | 0.03x | 1.67x | AU$-310.67 Million |
| 2024 | -15.00% | -166.96% | 0.05x | 1.63x | AU$-401.75 Million |
| 2025 | 1.72% | 17.63% | 0.06x | 1.66x | AU$-129.42 Million |
Industry Comparison
This section compares Abacus Group's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $718,101,070
- Average return on equity (ROE) among peers: 0.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Abacus Group (ABG) | AU$1.56 Billion | 8.64% | 0.66x | $267.17 Million |
| Fat Prophets Global Property Fund (FPP) | $19.80 Million | -20.58% | 0.00x | $5.39K |
| HMC Capital Ltd (HMC) | $1.88 Billion | 7.83% | 0.16x | $385.64 Million |
| Hotel Property Investments Ltd (HPI) | $253.10 Million | 15.51% | 0.92x | $26.52 Million |