QUBE HOLDINGS LIMITED (QUB)
Share Price Analysis and Chart

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QUB - QUBE HOLDINGS LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 3.69
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

$3.93

20 Nov
2024

-0.050

OPEN

$3.95

-1.26%

HIGH

$3.99

2,088,335

LOW

$3.93

TARGET
$4.187 6.5% 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 . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
QUB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 12.9 15.7 xxx
DPS (cps) xxx 9.2 9.4 xxx
EPS Growth xxx 29.0% 22.1% xxx
DPS Growth xxx 13.0% 2.7% xxx
PE Ratio xxx N/A 24.7 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 71.2% 59.9% xxx

Dividend yield today if purchased 3 years ago: 2.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.36

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 © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx12.9
DPS All xxxxxxxxxxxxxxx9.2
Sales/Revenue xxxxxxxxxxxxxxx3,243.5 M
Book Value Per Share xxxxxxxxxxxxxxx176.3
Net Operating Cash Flow xxxxxxxxxxxxxxx442.7 M
Net Profit Margin xxxxxxxxxxxxxxx7.00 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.38 %
Return on Invested Capital xxxxxxxxxxxxxxx4.56 %
Return on Assets xxxxxxxxxxxxxxx3.64 %
Return on Equity xxxxxxxxxxxxxxx7.38 %
Return on Total Capital xxxxxxxxxxxxxxx6.20 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-238.6 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx150 M
Long Term Debt xxxxxxxxxxxxxxx2,187 M
Total Debt xxxxxxxxxxxxxxx2,337 M
Goodwill - Gross xxxxxxxxxxxxxxx863 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx185 M
Price To Book Value xxxxxxxxxxxxxxx2.07

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx533.8 M
Capex % of Sales xxxxxxxxxxxxxxx16.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,886 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx32 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx761 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

0.8

No. Of Recommendations

3
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

23/08/2024

1

Buy

$4.15

5.60%

The FY24 result from Qube Holdings did not materially change the outlook yet UBS is more confident in the intent to improve the return on capital. Revenue was ahead of forecasts while EBITDA was marginally higher.

The broker envisages more upside if the company acquires MIRRAT and sells even more under-earning assets, or if the logistics margin can be sustained for longer than assumed.

The $4.15 target and Buy rating are maintained.

FORECAST
UBS forecasts a full year FY25 EPS of 16.00 cents.
UBS forecasts a full year FY26 EPS of 17.00 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

27/08/2024

3

Downgrade to Neutral from Overweight

$3.85

-2.04%

Qube Holdings delivered FY24 underlying profit growth of 13%, within its targeted 10-15% upgraded guidance range from its Strategy Day in May. Consistent with prior years, Qube has not provided quantitative earnings guidance for the FY25 outlook.

Jarden admits to being far too optimistic about the pace and impact of Patricks' market share reversion to historical levels. Similarly, the broker's forecast of a further 10% profit growth from strong FY24 levels appears too lofty at this stage, despite it being well below Qube's long-run average.

Jarden now sees the stock as fairly valued at current levels and balancing the outlook for earnings growth in FY25. As a result, the broker lowers its rating to Neutral from Overweight, with its target cut to $3.85 from $4.00.

FORECAST
Jarden forecasts a full year FY25 dividend of 8.40 cents and EPS of 15.10 cents.
Jarden forecasts a full year FY26 dividend of 9.90 cents and EPS of 17.60 cents.
Access Extra Coverage Research History >

QUB STOCK CHART

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