HUB24 LIMITED (HUB)
Share Price Analysis and Chart

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HUB

HUB - HUB24 LIMITED

FNArena Sector : Wealth Management & Investments
Year End: June
GICS Industry Group : Diversified Financials
Debt/EBITDA: 0.4
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Hub24 operates an online platform providing investment and superannuation services. It was established and listed in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$96.25

26 Feb
2026

0.850

OPEN

$95.93

0.89%

HIGH

$98.09

296,670

LOW

$95.28

TARGET
$111.893 16.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . CVW . DJW . ENN . GDG . GQG . HMC . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
HUB: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 98.2 163.4 xxx
DPS (cps) xxx 56.0 77.9 xxx
EPS Growth xxx 68.8% 66.5% xxx
DPS Growth xxx N/A 39.0% xxx
PE Ratio xxx N/A 59.8 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 57.0% 47.6% xxx

Dividend yield today if purchased 3 years ago: 1.93%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.57

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 08/09 - ex-div 32.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx98.2
DPS All xxxxxxxxxxxxxxx56.0
Sales/Revenue xxxxxxxxxxxxxxx406.6 M
Book Value Per Share xxxxxxxxxxxxxxx656.4
Net Operating Cash Flow xxxxxxxxxxxxxxx149.4 M
Net Profit Margin xxxxxxxxxxxxxxx19.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx15.15 %
Return on Invested Capital xxxxxxxxxxxxxxx14.21 %
Return on Assets xxxxxxxxxxxxxxx11.90 %
Return on Equity xxxxxxxxxxxxxxx15.15 %
Return on Total Capital xxxxxxxxxxxxxxx17.52 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx108.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx33 M
Long Term Debt xxxxxxxxxxxxxxx26 M
Total Debt xxxxxxxxxxxxxxx59 M
Goodwill - Gross xxxxxxxxxxxxxxx246 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx115 M
Price To Book Value xxxxxxxxxxxxxxx13.59

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx24.5 M
Capex % of Sales xxxxxxxxxxxxxxx6.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx80 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx226 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx21 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

20/02/2026

2

Accumulate

$112.00

16.36%

Hub24 delivered 1H26 EBITDA about 6% above consensus, supported by 29% FUA growth and a flat platform revenue margin that drove EBITDA margin up almost 3ppt to 42.7%, Ord Minnett comments.

Adding more positive news, management raised its FY27 platform FUA target to $160–170bn from $148–162bn, while keeping FY26 opex growth guidance at 18–20%.

Commentary suggests the next catalyst is sustained net inflows and operating leverage, with the main risk seen around valuation sensitivity if markets or platform margins soften.

Forecasts have been slightly raised for the years ahead. Ord Minnett has slightly reduced its target to $112.00 from $114.00 (-2%) and maintained its rating on Accumulate.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 74.60 cents and EPS of 164.10 cents.
Ord Minnett forecasts a full year FY27 dividend of 98.10 cents and EPS of 194.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

23/02/2026

1

Buy

$123.04

27.83%

Hub24's net profit in the first half beat Moelis' estimates. The broker upgrades EPS forecast for FY26 and FY27 by 6.3% and 4.9%, respectively.

The margin performance is expected to taper in the second half as product and personnel investment continues.

New product launches over the next 12-18 months, combined with this investment, provide the potential for elevated flows and market share gains, the broker adds.

A Buy rating is maintained. Target rises to $123.04 from $118.04.

FORECAST
Moelis forecasts a full year FY26 dividend of 77.30 cents and EPS of 161.60 cents.
Moelis forecasts a full year FY27 dividend of 94.20 cents and EPS of 196.90 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

HUB STOCK CHART

FNArena News on HUB

1
Australian Broker Call *Extra* Edition – Feb 26, 2026

Feb 26 2026 - Daily Market Reports
2
Rudi’s View: Positives From February Results

Feb 26 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Feb 24, 2026

Feb 24 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 20-02-26

Feb 23 2026 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Feb 23, 2026

Feb 23 2026 - Daily Market Reports

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