HUMM GROUP LIMITED (HUM)
Share Price Analysis and Chart

26/08/2026

1

Buy

$0.75

72.41%

Humm Group delivered a slightly weaker-than-expected FY26 result due to higher operating expenses, Ord Minnett observes.

The net interest margin (NIM) improved to 5.5% from 5.4%, while Commercial volumes were stronger than expected by Ord Minnett.

The cost-to-income ratio increased to 51.9% from 49.9%, although second-half trends improved.

Commercial credit losses remain a headwind into FY27, the broker points out, despite continued market share gains.

Ord Minnett considers Humm attractive on valuation, trading at around 6.8x forecast FY27 earnings. Unchanged Buy rating and 75c target.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 2.30 cents and EPS of 6.30 cents.
Ord Minnett forecasts a full year FY28 dividend of 2.30 cents and EPS of 7.30 cents.

28/05/2026

1

Buy

$0.85

95.40%

Shaw and Partners maintains a Buy rating for Humm Group with a $0.85 target price following the release of the March quarter trading update.

The broker opines the financial results show strong credit quality and resilient consumer card margins helping offset macroeconomic headwinds within the large commercial division.

Flexicommercial volumes fell -4% relative to the prior corresponding period as competitive pressures and rising interest rates compressed net interest margins by -50 basis points.

Adjusted earnings estimates are reduced -11% to -19% across the forecast period to account for these margin pressures and one-off corporate transaction costs.

A takeover proposal from Credit Corp ((CCP)) remains under active consideration while further due diligence is conducted.

FORECAST
Shaw and Partners forecasts a full year FY27 dividend of 3.20 cents and EPS of 10.30 cents.