QUBE HOLDINGS LIMITED (QUB)
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QUB

QUB - QUBE HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 5.19
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Qube Holdings is an Australian diversified logistics, transport and infrastructure company. First listed in 2007, the name Qube was adopted in 2010.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.14

01 Sep
2025

-0.060

OPEN

$4.19

-1.43%

HIGH

$4.22

2,394,029

LOW

$4.14

TARGET
$4.555 10.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . LAU . NTD . QAN . SPZ . SST . THL . WTC .
FNARENA'S MARKET CONSENSUS FORECASTS
QUB: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.4 17.5 xxx
DPS (cps) xxx 9.8 10.4 xxx
EPS Growth xxx - 50.2% 100.0% xxx
DPS Growth xxx 7.1% 5.9% xxx
PE Ratio xxx N/A 23.7 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 153.1% 59.4% xxx

Dividend yield today if purchased 3 years ago: 3.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.33

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: 16/09 - ex-div 5.15c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.4
DPS All xxxxxxxxxxxxxxx9.8
Sales/Revenue xxxxxxxxxxxxxxx4,166.9 M
Book Value Per Share xxxxxxxxxxxxxxx169.7
Net Operating Cash Flow xxxxxxxxxxxxxxx325.2 M
Net Profit Margin xxxxxxxxxxxxxxx2.72 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.70 %
Return on Invested Capital xxxxxxxxxxxxxxx2.01 %
Return on Assets xxxxxxxxxxxxxxx1.63 %
Return on Equity xxxxxxxxxxxxxxx3.70 %
Return on Total Capital xxxxxxxxxxxxxxx4.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-276.6 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 xxxxxxxxxxxxxxx133 M
Long Term Debt xxxxxxxxxxxxxxx2,961 M
Total Debt xxxxxxxxxxxxxxx3,094 M
Goodwill - Gross xxxxxxxxxxxxxxx1,177 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx151 M
Price To Book Value xxxxxxxxxxxxxxx2.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx438.3 M
Capex % of Sales xxxxxxxxxxxxxxx10.52 %
Cost of Goods Sold xxxxxxxxxxxxxxx3,724 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx197 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx603 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

0.4

No. Of Recommendations

4
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

22/08/2025

3

Equal-weight

$4.20

1.45%

Qube Holdings delivered FY25 earnings (EBITDA) of $616m, up 15% year-on-year but just shy of Morgan Stanley's forecast, with profit of $288m in line.

Capex jumped by 33% to -$842m, net debt rose to $1.6bn, and a 5.7c final dividend took the full-year payout to 9.8c.

Morgan Stanley sees FY26 growth led by Logistics & Infrastructure from MIRRAT and agriculture, offset by weaker autos, while Ports and Bulk gain from energy and industrial work despite customer losses.

MIRRAT stands for Melbourne International RoRo & Automotive Terminal - Australia’s first dedicated roll-on/roll-off (RoRo) automotive terminal.

Capex is guided at -$600-650m, partly offset by asset sales, explain the analysts.

Target $4.20. Equal-weight. Industry View: In-line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 10.90 cents and EPS of 18.00 cents.
Morgan Stanley forecasts a full year FY27 EPS of 19.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

26/08/2025

3

Neutral

$4.25

2.66%

Qube Holdings' FY25 underlying net profit beat guidance with 6% growth but this fell short of Jarden and consensus' forecasts for 7% growth. 

The broker notes logistics business drove the beat to guidance, with underlying EBITDA margin rising 150bps and heavily skewed to 2H. Bulk and grain performance were mixed and forestry rebound in NZ is expected in FY26.

FY26 guidance is for solid net profit growth of 6-10%. The broker is forecasting 11% growth, down from 13% previously estimated. 

FY26-28 EBIT forecasts largely unchanged. Neutral. Target rises to $4.25 from $3.90 on roll-forward and higher multiple.

FORECAST
Jarden forecasts a full year FY26 dividend of 9.50 cents and EPS of 16.90 cents.
Jarden forecasts a full year FY27 dividend of 11.40 cents and EPS of 20.40 cents.
Access Extra Coverage Research History >

QUB STOCK CHART

FNArena News on QUB

1
Australian Broker Call *Extra* Edition – Aug 26, 2025

Aug 26 2025 - Daily Market Reports
2
FNArena Corporate Results Monitor – 22-08-2025

Aug 22 2025 - Australia
3
Next Week At A Glance – 12-16 May 2025

May 09 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – May 06, 2025

May 06 2025 - Daily Market Reports
5
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Mar 28 2025 - Weekly Reports

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