A Business at a Glance
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The statements contained in this Annual Report on Form 10-K that are not purely historical are forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding our expectations, hopes, intentions or strategies regarding the future. In addition to historical financial analysis, this discussion and analysis contains forward-looking statements based upon current expectations that involve risks, uncertainties, and assumptions.
| Metric | TTM | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | 197M | 112M | 66M | 45M |
| Net Income | 11M | -24M | 9.5M | 32M |
| EPS | $0.05 | $-0.34 | $0.16 | $0.63 |
| Free Cash Flow | -111M | -210M | -64M | 11M |
| ROIC | 2.0% | -0.1% | 13.8% | 55.4% |
| Gross Margin | 87.5% | 89.8% | 90.2% | 86.8% |
| Debt/Equity | 0.26 | 0.09 | 0.08 | 0.00 |
| Dividends/Share | $0.00 | - | - | - |
| Operating Income | 49M | -197K | 24M | 34M |
| Operating Margin | 25.0% | -0.2% | 36.3% | 75.3% |
| ROE | 1.2% | -6.3% | 5.8% | 112.5% |
| Shares Outstanding | 98M | 70M | 59M | 50M |
| Metric | 2022 | |||
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 45M | 66M | 112M | 197M |
| Gross Margin | 86.8% | 90.2% | 89.8% | 87.5% |
| R&D | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A |
| EBIT | 34M | 24M | -197K | 49M |
| Op. Margin | 75.3% | 36.3% | -0.2% | 25.0% |
| Net Income | 32M | 9.5M | -24M | 11M |
| Net Margin | 70.9% | 14.3% | -21.4% | 5.6% |
| Non-Recurring | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||
| ROIC | 55.4% | 13.8% | -0.1% | 2.0% |
| ROE | 112.5% | 5.8% | -6.3% | 1.2% |
| ROA | 53.6% | 2.9% | -4.0% | 1.2% |
| Cash Flow | ||||
| Op. Cash Flow | 11M | -64M | -209M | -110M |
| Free Cash Flow | 11M | -64M | -210M | -111M |
| Owner Earnings | 11M | -78M | -260M | -162M |
| CapEx | 0 | 190K | 786K | 1.0M |
| Maint. CapEx | 4K | 3.4M | 7.9M | 7.9M |
| Growth CapEx | N/A | 0 | 0 | 0 |
| D&A | 4K | 3.4M | 7.9M | 7.9M |
| CapEx/OCF | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||
| Dividends Paid | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 1.3M | 11M | 11M |
| Buyback Yield | N/A | 0.2% | 2.0% | 1.3% |
| Stock-Based Comp | 0 | 11M | 43M | 43M |
| Debt Repayment | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||
| Net Debt | -30M | -13M | -94M | 151M |
| Cash & Equiv. | N/A | N/A | N/A | 86M |
| Long-Term Debt | 0 | 13M | 37M | 37M |
| Debt/Equity | 0.00 | 0.08 | 0.09 | 0.26 |
| Interest Coverage | 786.6 | 2.4 | -0.0 | -0.0 |
| Equity | 28M | 164M | 423M | 919M |
| Total Assets | 59M | 332M | 874M | 919M |
| Total Liabilities | 31M | 168M | 451M | 479M |
| Intangibles | 0 | 170M | 318M | 318M |
| Retained Earnings | 25M | -35M | -58M | -58M |
| Working Capital | 32M | 8.5M | 97M | 97M |
| Current Assets | 33M | 32M | 160M | 160M |
| Current Liabilities | 1.3M | 23M | 62M | 62M |
| Per Share Data | ||||
| EPS | 0.63 | 0.16 | -0.34 | 0.05 |
| Owner EPS | 0.21 | -1.32 | -3.69 | -1.65 |
| Book Value | 0.56 | 2.76 | 6.01 | 9.40 |
| Cash Flow/Share | 0.21 | -1.08 | -2.96 | 0.19 |
| Dividends/Share | N/A | N/A | N/A | 0.00 |
| Shares Out. | 50.3M | 59.5M | 70.5M | 97.8M |
| Valuation | ||||
| P/E Ratio | 15.6 | 61.1 | N/A | 171.2 |
| P/FCF | 46.1 | N/A | N/A | N/A |
| EV/EBIT | 13.8 | 23.6 | N/A | 20.1 |
| Price/Book | 17.5 | 3.5 | 1.3 | 0.9 |
| Price/Sales | 10.9 | 7.6 | 6.3 | 4.3 |
| FCF Yield | 2.2% | -11.1% | -39.6% | -13.3% |
| Market Cap | 493M | 581M | 530M | 837M |
| Avg. Price | 9.69 | 8.48 | 10.05 | 8.56 |
| Year-End Price | 9.81 | 9.77 | 7.52 | 8.56 |
Abacus Global Management, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Abacus Global Management, Inc. trades at 171.2x trailing earnings, compared to its 15-year median P/E of 38.3x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 23.0% with a gross margin of 89.0%. Total shareholder yield (buybacks) is 1.3%. At current prices, the estimated annualized return to fair value is -6.1%.
Abacus Global Management, Inc. (ABX) has a current P/E ratio of 171.2, compared to its historical median P/E of 38.3. The stock is currently considered Expensive based on its historical valuation range.
Abacus Global Management, Inc. (ABX) has a 5-year average return on invested capital (ROIC) of 23.0%. This indicates strong capital allocation and a potential competitive advantage.
Abacus Global Management, Inc. (ABX) has a market capitalization of $837M. It is classified as a small-cap stock.
Abacus Global Management, Inc. (ABX) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.28%.
Based on historical P/E analysis, Abacus Global Management, Inc. (ABX) appears expensive. The current P/E of 171.2 is 347% above its historical median of 38.3. The estimated fair value CAGR (P/E method) is -31.1%.
Abacus Global Management, Inc. (ABX) operates in the Investment Advice industry, within the Financials sector.
Abacus Global Management, Inc. (ABX) reported annual revenue of $112 million in its most recent fiscal year, based on SEC EDGAR filings.
Abacus Global Management, Inc. (ABX) has a net profit margin of -21.4%. The company is currently unprofitable.
Abacus Global Management, Inc. (ABX) generated $-210 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Abacus Global Management, Inc. (ABX) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
Abacus Global Management, Inc. (ABX) reported earnings per share (EPS) of $-0.34 in its most recent fiscal year.
Abacus Global Management, Inc. (ABX) has a return on equity (ROE) of -6.3%. A negative ROE may indicate losses or negative equity.
Abacus Global Management, Inc. (ABX) has a 5-year average gross margin of 89.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 3 years of financial data for Abacus Global Management, Inc. (ABX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Abacus Global Management, Inc. (ABX) has a book value per share of $6.01, based on its most recent annual SEC filing.