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: 0.4
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

$98.56

23 Dec
2025

0.800

OPEN

$97.47

0.82%

HIGH

$98.56

125,958

LOW

$96.50

TARGET
$113.486 15.1% 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 98.2 153.2 xxx
DPS (cps) xxx 56.0 74.5 xxx
EPS Growth xxx 68.8% 56.1% xxx
DPS Growth xxx N/A 32.9% xxx
PE Ratio xxx N/A 64.1 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx 57.0% 48.6% xxx

Dividend yield today if purchased 3 years ago: 2.21%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.57

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

0.4

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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Ord Minnett

28/11/2025

2

Accumulate

$112.00

13.64%

Hub24 provided a briefing on its strategy, continuing to deliver enhancements to the ecosystem around its core platform, and guiding to expense growth of 18-20% in FY26.

Ord Minnett reduces forecasts slightly to allow for higher cost growth, noting this appears to be driven by a robust revenue environment as well as investments in new solutions.

Margins are still expected to improve in FY26, and the aspirational target of mid-to high 40% remains in place. Accumulate maintained. Target is reduced to $112 from $113.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 76.00 cents and EPS of 154.70 cents.
Ord Minnett forecasts a full year FY27 dividend of 96.00 cents and EPS of 189.10 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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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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Moelis

21/10/2025

3

Hold

$126.12

27.96%

Moelis saw Hub24 delivering another strong quarterly update, with 1Q results either meeting or exceeding expectations.

Platform net flows of $5.2bn were in line with the broker's forecast and well ahead of consensus, driving funds under administration (FUA) to $122bn. Adviser numbers rose 11% year-on-year to 5,229, and Hub24 now commands 9% market share.

Flows momentum and market gains underpin ongoing growth into FY26-27, suggests the analyst, supported by new high-net-worth product offerings and adviser expansion.

While execution remains strong, Moelis sees valuation fully reflected in the share price. A Hold rating is kept while the broker's target price is raised to $126.12 from $117.02.

FORECAST
Moelis forecasts a full year FY26 dividend of 73.70 cents and EPS of 154.00 cents.
Moelis forecasts a full year FY27 dividend of 90.80 cents and EPS of 189.80 cents.

Jarden

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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HUB STOCK CHART

FNArena News on HUB

1
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2
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5
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