Abacus Global Management, Inc. - 9.875% Fixed Rate Senior Notes due 2028AA

Abacus Global Management, Inc. - 9.875% Fixed Rate Senior Notes due 2028

25.67USDR
−0.48−1.84%
Last update at Mar 20, 21:15 GMT
USD
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ABLLL fundamentals

Key facts

Market capitalization‪717.10 M‬USD
Basic EPS (TTM)−0.18USD
Founded2020
CEOJay Jackson
About

Abacus Global Management, Inc. is an integrated alternative asset manager, which engages in the business of investing in force life insurance products. The firm is involved in purchasing outstanding life insurance policies to connect buyers and sellers through an origination process. It operates through the following segments: Portfolio Servicing, Active Management, and Originations. The Portfolio Servicing segment offers policy services to customers on a contract basis. The Active Management segment is involved in buying, selling, and trading policies and maintaining policies through to death benefit. The Origination segment originates life insurance policy settlement contracts as a licensed life settlement provider on behalf of third-party institutional investors interested in investing in the life settlement asset class. The company was founded by Matthew Ganovsky, Kevin Scott Kirby, and Todd Sean McNealy on May 22, 2020 and is headquartered in Orlando, FL.

Ownership
‪‪96.64 M‬‬
Closely held shares
‪‪62.11 M‬‬ (64.27%)
Free Float shares
‪‪34.53 M‬‬ (35.73%)
Closely held shares
‪‪62.11 M‬‬ (64.27%)
Free Float shares
‪‪34.53 M‬‬ (35.73%)
Capital structure
Market cap
‪‪717.10 M‬‬
Debt
‪‪182.52 M‬‬
Minority interest
‪‪−91.54 K‬‬
Cash & equivalents
‪‪19.41 M‬‬
Enterprise value
‪‪880.12 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪717.10 M‬‬
Price to earning ratio (P/E)
Price to sales ratio (P/S)
18.92x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
Price to sales ratio (P/S)
18.92x
Valuation ratios
‪0.00‬
‪3.50‬
‪7.00‬
‪10.50‬
‪14.00‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪110.00‬
‪220.00‬
‪330.00‬
‪440.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪−27%‬
‪−18%‬
‪−9%‬
‪0%‬
‪9%‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪‪−10.00 M‬‬
‪0.00‬
‪‪10.00 M‬‬
‪‪20.00 M‬‬
‪‪30.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
Op expenses
Op income
Int expenses
Non-op income/expenses
Pretax income
Taxes & Other
Net income
‪‪−10.00 M‬‬
‪0.00‬
‪‪10.00 M‬‬
‪‪20.00 M‬‬
‪‪30.00 M‬‬
Revenue
Op expenses
Op income
Expenses & adjustments
Net income
‪‪−10.00 M‬‬
‪0.00‬
‪‪10.00 M‬‬
‪‪20.00 M‬‬
‪‪30.00 M‬‬

Dividends

Dividend yield, history and sustainability

Dividend summary
0.00%
Payout ratio (TTM)
Dividend yield TTM
0.00%
Last payment
0.617
Last ex-date
Feb 13, 2025
Dividend history
‪0%‬
2020
2021
2022
2023
‪0.00‬
Dividends per share (FY)
Dividend yield (FY) %