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

$82.99

20 Feb
2025

-2.290

OPEN

$84.57

-2.69%

HIGH

$84.57

433,772

LOW

$80.53

TARGET
$85.18 2.6% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
HUB: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 58.2 111.9 xxx
DPS (cps) xxx N/A 53.9 xxx
EPS Growth xxx 21.9% 92.5% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 70.8 xxx
Dividend Yield xxx N/A 0.7% xxx
Div Pay Ratio(%) xxx N/A 48.1% xxx

Dividend yield today if purchased 3 years ago: 1.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.48

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

0.3

No. Of Recommendations

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

Citi

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

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

19/02/2025

3

Downgrade to Hold from Buy

$84.00

1.22%

Ord Minnet lifts Hub24's target price to $84 from $73 but downgrades the rating to Hold from Buy on recent share price strength.

The company's 1H25 EBITDA was 6% ahead of consensus on, with strong flow and funds under administration (FUA) growth complemented by operating margin expansion across both divisions.

Among the highlights was an upgrade to FY26 FUA target to $123-135bn vs the broker's $128bn estimate.

The broker highlights headcount growth is likely to re-emerge in 2H, driving the cost run-rate up marginally. 

The broker reiterates it remains a very strong supporter of the Hub24 business. 

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 56.50 cents and EPS of 113.40 cents.
Ord Minnett forecasts a full year FY26 dividend of 71.50 cents and EPS of 142.80 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$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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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

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Wilsons

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxx xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

19/02/2025

3

Hold

$85.00

2.42%

Canaccord Genuity was impressed with the margin expansion in the first half result, which was driven by continued top-line growth and slightly reduced expenses growth.

The fact that Hub24 actually delivered on expectations was the main positive, the broker adds.

Against the current valuation, and given consensus estimates now extrapolate recent record flows, Canaccord Genuity retains a Hold rating. Target is raised to $85.00 from $74.65.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 56.00 cents and EPS of 112.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 80.00 cents and EPS of 141.00 cents.

Jarden

xx/xx/xxxx

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

HUB STOCK CHART

FNArena News on HUB

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 21-02-25

Feb 21 2025 - Weekly Reports
2
FNArena Corporate Results Monitor – 19-02-2025

Feb 19 2025 - Australia
3
Australian Broker Call *Extra* Edition – Feb 19, 2025

Feb 19 2025 - Daily Market Reports
4
Rudi Interviewed: Turning Laggards Into Winners

Feb 17 2025 - Rudi's View
5
Active Management Key To Pinnacle’s Success

Feb 10 2025 - Small Caps

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