Added to YB: 2026-04-02
Pitch date: 2026-02-09
ABX [bullish]
Abacus Global Management, Inc.
-0.89%
current return
Author Info
No bio for this author
Company Info
Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States, Luxembourg, and internationally.
Market Cap
$768.5M
Pitch Price
$7.83
Price Target
20.00 (+154%)
Dividend
2.51%
EV/EBITDA
9.80
P/E
22.11
EV/Sales
4.87
Sector
Insurance
Category
value
Abacus Global Management, Inc. - $ABX
ABX: Life settlement originator trades 9.2x 2025E EPS, 7.4x 2026E despite high ROIC. 4 segments: life solutions (20% policies, avg age 88), wealth advisory ($3B AUM), asset mgmt (1.5% fee, 20% carry), data sales. Turns book 2x/yr, 36% realized gains Q3, 60% EBITDA margin. Mgmt owns 60% ($500M). Funds: 19.5% IRR. Sold $50M securitization mid-single digit yield. Short thesis debunked: Lewis & Ellis validates marks within 1%. Risk: longevity. PT $20+ (18-24mo).
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