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: 0.49
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

$75.29

05 May
2025

-0.590

OPEN

$73.65

-0.78%

HIGH

$76.94

336,616

LOW

$74.81

TARGET
$71.671 -4.8% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . AVC . BVS . CGF . CVW . DJW . ENN . GDC . GDG . GQG . HMC . IFL . IFT . IRE . KAM . KSL . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . PTM . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
HUB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 58.2 109.3 xxx
DPS (cps) xxx N/A 52.3 xxx
EPS Growth xxx 21.9% 88.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 70.3 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx N/A 47.8% xxx

Dividend yield today if purchased 3 years ago: 1.51%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.49

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: 09/09 - ex-div 19.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx58.2
DPS All xxxxxxxxxxxxxxx38.0
Sales/Revenue xxxxxxxxxxxxxxx326.7 M
Book Value Per Share xxxxxxxxxxxxxxx641.2
Net Operating Cash Flow xxxxxxxxxxxxxxx90.2 M
Net Profit Margin xxxxxxxxxxxxxxx14.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx9.16 %
Return on Invested Capital xxxxxxxxxxxxxxx8.50 %
Return on Assets xxxxxxxxxxxxxxx7.45 %
Return on Equity xxxxxxxxxxxxxxx9.16 %
Return on Total Capital xxxxxxxxxxxxxxx9.98 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx58.8 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx43 M
Total Debt xxxxxxxxxxxxxxx45 M
Goodwill - Gross xxxxxxxxxxxxxxx246 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx88 M
Price To Book Value xxxxxxxxxxxxxxx7.26

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx22.7 M
Capex % of Sales xxxxxxxxxxxxxxx6.96 %
Cost of Goods Sold xxxxxxxxxxxxxxx67 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx204 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11 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

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

16/04/2025

1

Overweight

$90.00

19.54%

Hub24's 3Q25 net inflows beat the consensus expectation, but were offset by negative market movements, explains Morgan Stanley.

The broker notes platform funds under administration (FUA) rose by 29% year-on-year to $102.5bn, in line with the consensus forecast, while platform net inflows jumped 39% to $4.9bn, a 13% beat against consensus.

Despite recent market volatility, management noted net inflow momentum has continued in April trading.

Overweight rating. Target price $90. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 56.50 cents and EPS of 114.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 68.50 cents and EPS of 144.00 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Moelis

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Wilsons

20/04/2025

1

Overweight

$71.50

-5.03%

Hub24's underlying net flows of $3.6bn in 3Q25 beat Wilsons' forecast of $3.3bn, with a further $1.3bn coming from ClearView migration. The broker notes the flows were not impacted by market volatility, and in fact, the run-rate accelerated from mid-February.

The analyst is optimistic about the wealth platform's outlook as it sees incremental opportunity from forced platform migrations at incumbent peers. Also, it is less exposed to large outflow risks due to a good mix of retail and super FUA.

FY25-26 EPS forecasts upgraded by 2% and 10% respectively. Target lifted to $71.50 from $65.06.

Overweight retained.

FORECAST
Wilsons forecasts a full year FY25 dividend of 51.00 cents and EPS of 114.60 cents.
Wilsons forecasts a full year FY26 dividend of 67.50 cents and EPS of 145.50 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

HUB STOCK CHART

FNArena News on HUB

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