HUB24 LIMITED (HUB)
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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

$103.07

09 Oct
2025

-0.740

OPEN

$104.99

-0.71%

HIGH

$105.49

162,048

LOW

$102.81

TARGET
$104.586 1.5% 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 98.2 153.5 xxx
DPS (cps) xxx 56.0 74.2 xxx
EPS Growth xxx 68.8% 56.4% xxx
DPS Growth xxx N/A 32.5% xxx
PE Ratio xxx N/A 68.4 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx 57.0% 48.3% xxx

Dividend yield today if purchased 3 years ago: 2.59%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.53

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 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

0.1

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Bell Potter

20/08/2025

1

Buy

$125.00

21.28%

Hub24's FY25 EBITDA met Bell Potter's forecast but missed the consensus. Identified highlights are strong net profit and cash flow, with the company ending FY25 with $84.9m cash with hints at bolt-on acqusitions.

One other highlight was the outlook, with the pathway to $148-162bn FUA by FY27 looking credible as adviser-driven net flows accelerate. The target for FY26 is $123-135bn, and the broker notes $2.6bn net flow was already achieved in the first six weeks of FY26.

The broker upgraded FY26 FUA forecast by 1% and FY27 by 2%, resulting in a 1% lift to FY26 EBITDA forecast and a 2% rise to FY27. EPS forecasts for FY26-27 lifted by 11% and 10%, respectively.

Buy. Target rises to $125 from $115.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 69.60 cents and EPS of 154.70 cents.
Bell Potter forecasts a full year FY27 dividend of 81.90 cents and EPS of 182.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

25/08/2025

3

Upgrade to Neutral from Underweight

$97.00

-5.89%

Jarden highlights Hub24's FY25 EPS of 117.8c beat consensus and its forecast by 4.4% due mainly to lower effective tax rate. Underlying EBITDA, however, missed both on softer revenues.

Revenue margins compressed more than expected, though there was some offset from lower cost growth vs revenue growth.

Update on FUA until Aug 14 was higher than expected, prompting the broker to upgrade flow estimates for FY26. Guidance for FY27 FUA was below the broker's forecast and the consensus, but the broker sees it as conservative.

Target lifted to $97.00 from $84.50 reflecting earnings changes, higher multiples and higher outer year gearing assumption. Rating upgraded to Neutral from Underweight.

FORECAST
Jarden forecasts a full year FY26 dividend of 73.30 cents and EPS of 154.30 cents.
Jarden forecasts a full year FY27 dividend of 88.50 cents and EPS of 186.40 cents.

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

HUB STOCK CHART

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