CA
NZ
UK
AU
IND
US
…
Aspen Group is a stapled entity comprising Aspen Group Limited (the Company) and its controlled entities, and Aspen Property Trust and its controlled entities. Aspen was established for the purpose of facilitating a joint quotation of the Trust and the Company and their controlled entities on the ASX, with both entities being stapled together. The Deed of the Trust and the Constitution of the Company ensure that, for so long as the two entities remain jointly quoted, the number of units in the Trust and the number of shares in the Company shall be equal and that unitholders and shareholders be identical. With the establishment of Aspen via a stapling arrangement, the combined group has common business objectives and operates as a combined entity in the core business of owning, developing and operating affordable accommodation assets. The Trust, the Company and their controlled entities are domiciled in Australia. The consolidated financial statements of Aspen as at and for the year ended 30 June 2025 are combined financial statements that present the financial statements and accompanying notes of both the Company and the Trust along with their subsidiaries and their interests in associates and jointly controlled entities. Aspen is a for-profit entity and is primarily involved in investment in and operation of accommodation assets. Aspen Group was incorporated in 2001 in Australia. The address of Aspen's registered office is Suite 21, 285A Crown Street, Surry Hills, New South Wales 2010.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Aspen Group (ASX: APZ) is limited and available disclosures do not clearly define the company’s core operations or long-term growth drivers. Investors may find potential upside if management provides clearer strategy and reporting or pursues asset realisations and disciplined execution.
Key investment risks are limited transparency, low market liquidity and the resulting governance, execution and financing uncertainty.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Income before tax | 98.04M | 76.06M | 64.27M | 55.73M | 72.81M |
| Net income | 72.57M | 57.05M | 48.44M | 54.40M | 75.38M |
| Selling general administrative | - | 2.69M | 19.57M | 16.19M | 12.86M |
| Selling and marketing expenses | - | 18.91M | 0.28M | 0.35M | 0.21M |
| Gross profit | 71.81M | 59.63M | 56.29M | 43.45M | 28.63M |
| Reconciled depreciation | - | - | 1.49M | 1.20M | 0.99M |
| Ebit | 102.98M | 36.48M | 71.52M | 59.61M | 74.65M |
| Ebitda | 104.72M | 38.03M | 73.02M | 60.81M | 75.64M |
| Depreciation and amortization | 1.74M | 1.55M | 1.49M | 1.20M | 0.99M |
| Operating income | 47.53M | 38.03M | 26.94M | 59.61M | 74.65M |
| Other operating expenses | 93.68M | 70.10M | 61.00M | 45.13M | 35.23M |
| Interest expense | 4.93M | 49.88M | 7.25M | 3.88M | 1.85M |
| Tax provision | - | 19.01M | 15.83M | 1.34M | -2.58M |
| Interest income | - | 9.82M | 0.30M | 0.18M | 0.11M |
| Net interest income | - | - | -6.98M | -3.73M | -1.73M |
| Extraordinary items | - | - | - | - | 0.00M |
| Income tax expense | 25.48M | 19.01M | 15.83M | 1.34M | -2.58M |
| Total revenue | 141.21M | 108.13M | 91.12M | 65.67M | 46.02M |
| Total operating expenses | 24.28M | 21.60M | 19.57M | 22.91M | 17.83M |
| Cost of revenue | 69.40M | 48.50M | 34.84M | 22.22M | 17.39M |
| Total other income expense net | 50.51M | 38.03M | 35.07M | 38.93M | -1.85M |
| Net income from continuing ops | - | - | 48.44M | 54.40M | 75.38M |
| Net income applicable to common shares | - | 57.05M | 48.44M | 54.40M | 75.38M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Total assets | 924.73M | 733.46M | 691.73M | 553.23M | 452.46M |
| Intangible assets | 0.27M | 0.12M | 0.06M | 0.07M | 0.14M |
| Other current assets | - | 4.61M | -6.93M | 6.94M | 0.51M |
| Total liab | 323.27M | 187.81M | 258.07M | 192.06M | 175.44M |
| Total stockholder equity | 605.29M | 549.49M | 437.49M | 365.00M | 280.86M |
| Other current liab | - | 18.44M | 3.67M | 12.70M | 9.41M |
| Common stock | 708.66M | 706.96M | 632.62M | 599.10M | 562.60M |
| Capital stock | - | - | - | 599.10M | 562.60M |
| Retained earnings | -132.69M | -180.22M | -215.91M | -248.22M | -288.71M |
| Good will | - | - | - | 0.07M | 0.14M |
| Other assets | - | - | 22.77M | 40.57M | 24.00M |
| Cash | 5.26M | 9.99M | 4.37M | 8.92M | 10.73M |
| Total current liabilities | 63.98M | 57.09M | 55.16M | 49.86M | 44.67M |
| Current deferred revenue | - | - | -0.17M | 0.74M | 0.65M |
| Net debt | 217.71M | 121.02M | 195.53M | 162.77M | 143.69M |
| Short term debt | 63.98M | 33.41M | 33.31M | 32.44M | 26.16M |
| Short long term debt | - | - | - | 32.22M | 25.82M |
| Short long term debt total | 222.97M | 131.01M | 199.90M | 171.69M | 154.42M |
| Other stockholder equity | - | - | - | -3.84M | -3.84M |
| Property plant equipment | - | - | - | 35.22M | 27.14M |
| Total current assets | 7.80M | 44.19M | 40.78M | 27.82M | 15.12M |
| Short term investments | - | 0.15M | 0.15M | 0.16M | 0.16M |
| Net receivables | 2.54M | 1.54M | 2.41M | 2.64M | 1.18M |
| Long term debt | - | - | - | 138.51M | 127.67M |
| Inventory | - | 28.04M | 12.61M | 9.32M | 2.54M |
| Accounts payable | - | 5.24M | 18.34M | 3.97M | 8.45M |
| Accumulated other comprehensive income | 29.32M | 22.74M | 20.79M | 14.12M | 6.97M |
| Non currrent assets other | 89.58M | 11.48M | 505.61M | 32.07M | 402.82M |
| Non current assets total | 916.93M | 689.27M | 628.18M | 525.41M | 437.33M |
| Capital lease obligations | - | - | - | 0.96M | 0.94M |
| Long term debt total | - | - | - | 139.25M | 128.26M |
| Breakdown | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2026-06-30 | 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 |
| Investments | - | - | -38.43M | -49.94M | -85.29M |
| Total cashflows from investing activities | -83.93M | 8.09M | -38.43M | - | -85.29M |
| Net borrowings | - | - | 18.58M | - | - |
| Total cash from financing activities | 33.51M | -25.52M | 3.08M | 29.32M | 70.50M |
| Net income | 72.57M | 57.05M | 48.44M | 54.40M | 75.38M |
| Change in cash | -4.58M | 5.47M | -4.40M | -1.81M | 2.45M |
| Begin period cash flow | 9.84M | 4.52M | 8.92M | 10.73M | 8.28M |
| End period cash flow | 5.26M | 9.99M | 4.52M | 8.92M | 10.73M |
| Total cash from operating activities | 45.68M | 22.90M | 30.95M | - | 76.37M |
| Issuance of capital stock | - | - | - | 35.78M | 28.92M |
| Depreciation | 1.74M | 1.55M | 1.49M | - | 0.99M |
| Other cashflows from investing activities | - | 8.09M | -29.78M | - | -83.67M |
| Dividends paid | 23.84M | -18.43M | -15.29M | 11.71M | 8.40M |
| Change to account receivables | 0.91M | -1.77M | -0.30M | - | - |
| Sale purchase of stock | - | 71.62M | 0.00M | 37.00M | 28.92M |
| Other cashflows from financing activities | -0.17M | -9.54M | -0.22M | -0.25M | 51.60M |
| Capital expenditures | 2.54M | 1.52M | 1.83M | 2.27M | 1.62M |
| Change in working capital | 3.18M | -14.89M | -3.12M | - | - |
| Stock based compensation | - | 2.29M | 1.73M | - | - |
| Other non cash items | -31.81M | -23.10M | -17.59M | - | -76.37M |
| Free cash flow | 43.14M | 22.90M | 29.12M | -2.27M | 74.75M |
Sector: Real Estate Industry: Real Estate - Diversified
|
Stock Name
|
Change
(AUD) |
Price
(AUD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| APZ Aspen Group |
-0.02 0.39% |
5.05 | 16.35 | 16.45 | 8.23 | 1.89 | 9.63 | 12.98 |
| LLC Lendlease Group |
-0.05 1.90% |
2.58 | - | 6.34 | 0.33 | 0.36 | 1.02 | 20.80 |
| LIC Lifestyle Communities Ltd |
0.10 2.37% |
4.32 | 11.11 | 11.70 | 2.51 | 0.75 | 3.81 | 9.26 |
| G1C Group One Capital Limited |
- -% |
0.06 | - | - | 12.81 | 3.33 | 19.17 | 111.28 |
Aspen Group is a stapled entity comprising Aspen Group Limited (the Company) and its controlled entities, and Aspen Property Trust and its controlled entities. Aspen was established for the purpose of facilitating a joint quotation of the Trust and the Company and their controlled entities on the ASX, with both entities being stapled together. The Deed of the Trust and the Constitution of the Company ensure that, for so long as the two entities remain jointly quoted, the number of units in the Trust and the number of shares in the Company shall be equal and that unitholders and shareholders be identical. With the establishment of Aspen via a stapling arrangement, the combined group has common business objectives and operates as a combined entity in the core business of owning, developing and operating affordable accommodation assets. The Trust, the Company and their controlled entities are domiciled in Australia. The consolidated financial statements of Aspen as at and for the year ended 30 June 2025 are combined financial statements that present the financial statements and accompanying notes of both the Company and the Trust along with their subsidiaries and their interests in associates and jointly controlled entities. Aspen is a for-profit entity and is primarily involved in investment in and operation of accommodation assets. Aspen Group was incorporated in 2001 in Australia. The address of Aspen's registered office is Suite 21, 285A Crown Street, Surry Hills, New South Wales 2010.
| Name | Title | Year Born |
|---|---|---|
| Mr. John Carter M.B.A., MBA (Syd) | Joint CEO & Exec. Director | 1964 |
| Mr. David Dixon | Joint CEO, Joint Company Sec. & Director | NA |
| Mr. Guy Farrands B.E., BEc, FAPI, Grad Dip Man, M.A.I.C.D., MAICD | Exec. Director | 1963 |
| Winston Chan | Group Financial Controller | NA |
| Patrick Maddern | Head of Asset Management & Devel. | NA |
| Mr. Mark Andrew Licciardo B Bus (Acc), FCIS, FGIA, GAICD, GradDip CSP | Joint Company Sec. | 1964 |
| Mr. Michael Dunstan | Financial Accountant of Aspen Living Villages Bus. | NA |
| Mr. John Carter M.B.A., MBA (Syd) | Joint CEO & Executive Director | 1964 |
| Mr. David Allan Dixon | Joint CEO, Joint Company Secretary & Director | NA |
| Patrick Maddern | Head of Asset Management & Development | NA |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
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