How to buy Aspen shares | A$1.01

Aspen Group is a real estate—diversified business based in Australia. Aspen shares (APZ) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $1.01 – a decrease of 1.94% over the previous week. Aspen has a trailing 12-month revenue of around $30.8 million.

How to buy shares in Aspen

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Aspen. Find the share by name or ticker symbol: APZ. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Aspen reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $1.01, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Aspen. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Aspen's share price?

Since the stock market crash in March caused by coronavirus, Aspen's share price has had significant negative movement.

Its last market close was $1.01, which is 13.68% down on its pre-crash value of $1.17 and 26.25% up on the lowest point reached during the March crash when the shares fell as low as $0.8.

If you had bought $1,000 worth of Aspen shares at the start of February 2020, those shares would have been worth $727.27 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $874.46.

Aspen share price

Use our graph to track the performance of APZ stocks over time.

Aspen shares at a glance

• Key figures

Information last updated 2020-09-15.

Latest market close	AUDA$1.01
52-week range	AUDA$0.84 - AUDA$1.24
50-day moving average	AUDA$1.0178
200-day moving average	AUDA$1.0205
Target price	AUDA$1.09
PE ratio	8.4634
Dividend yield	AUDA$0.07 (6.31%)
Earnings per share (TTM)	AUDA$0.122

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Aspen stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Aspen Group by TradingView

Aspen price performance over time

Historical closes compared with the last close of A$1.01

1 week (2020-09-10)	1.01
1 month (2020-08-20)	3.06%
3 months (2020-06-19)	-2.88%
6 months (2020-03-20)	12.22%

1 year (2019-09-20)	-8.18%
2 years (2018-09-20)	4.12%
3 years (2017-09-20)	-7.34%
5 years (2015-09-18)	-27.86%

Is Aspen under- or over-valued?

Valuing Aspen stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Aspen's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Aspen's P/E ratio

Aspen's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Aspen shares trade at around 8x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Aspen's EBITDA

Aspen's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $7.5 million (£0.0 million).

The EBITDA is a measure of a Aspen's overall financial performance and is widely used to measure a its profitability.

Aspen financials

Revenue TTM	$30.8 million
Operating margin TTM	22.89%
Gross profit TTM	$7 million
Return on assets TTM	2.65%
Return on equity TTM	9.78%
Profit margin	38.58%
Book value	1.185
Market capitalisation	$119.9 million

TTM: trailing 12 months

Aspen share dividends

Dividend payout ratio: 49.3% of net profits

Recently Aspen has paid out, on average, around 49.3% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 6.31% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Aspen shareholders could enjoy a 6.31% return on their shares, in the form of dividend payments. In Aspen's case, that would currently equate to about A$0.07 per share.

While Aspen's payout ratio might seem fairly standard, it's worth remembering that Aspen may be investing much of the rest of its net profits in future growth.

The latest dividend was paid out to all shareholders who bought their shares by 28 June 2020 (the "ex-dividend date").

Have Aspen's shares ever split?

Aspen's shares were split on a 1:10 basis on 24 October 2013. So if you had owned 10 shares the day before before the split, the next day you'd have owned 1 share. This wouldn't directly have changed the overall worth of your Aspen shares – just the quantity. However, indirectly, the new 900% higher share price could have impacted the market appetite for Aspen shares which in turn could have impacted Aspen's share price.

Aspen share price volatility

Over the last 12 months, Aspen's shares have ranged in value from as little as $0.84 up to $1.24. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Aspen's is 0.4783. This would suggest that Aspen's shares are less volatile than average (for this exchange).

Aspen overview

Formed in 2001, Aspen Group is an ASX listed property group strategically focused on providing ?value for money? accommodation. The accommodation sector is considered to have positive long term structural characteristics, with an enduring customer need and effective capital utilisation. Aspen has been a leading owner and manager of holiday and accommodation parks since 2004. Aspen currently owns 9 holiday and accommodation parks across Australia. An active acquisition programme is underway to expand the portfolio within the ?value for money? accommodation sector.

Frequently asked questions

• What percentage of Aspen is owned by insiders or institutions?

  Currently 24.85% of Aspen shares are held by insiders and 28.82% by institutions.

• When does the fiscal year end for Aspen?

  Aspen's fiscal year ends in June.

• Where is Aspen based?

  Aspen's address is: 21 Oxford Street, Bondi Junction, NSW, Australia, 2022

• What is Aspen's ISIN number?

  Aspen's international securities identification number is: AU000000APZ8