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: 0.37
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

$67.21

23 Oct
2026

0.420

OPEN

$67.30

0.63%

HIGH

$67.75

207,506

LOW

$66.12

TARGET
$89.543 33.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AEF . AMP . ASX . BVS . CGF . DJW . GDG . GQG . HMC . IFT . IRE . KAM . KSL . L1G . MAF . MFG . MQG . NGI . NWL . PAC . PNI . PPS . PPT . QAL . RPL . RZI . WHF .
FNARENA'S MARKET CONSENSUS FORECASTS
HUB: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 147.5 183.8 xxx
DPS (cps) xxx 78.0 89.3 xxx
EPS Growth xxx 50.2% 24.6% xxx
DPS Growth xxx 39.3% 14.5% xxx
PE Ratio xxx N/A 36.2 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 52.9% 48.6% xxx

Dividend yield today if purchased 3 years ago: 2.55%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.17

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: 07/09 - ex-div 42.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx147.5
DPS All xxxxxxxxxxxxxxx78.0
Sales/Revenue xxxxxxxxxxxxxxx501.1 M
Book Value Per Share xxxxxxxxxxxxxxx678.2
Net Operating Cash Flow xxxxxxxxxxxxxxx176.9 M
Net Profit Margin xxxxxxxxxxxxxxx23.99 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx22.21 %
Return on Invested Capital xxxxxxxxxxxxxxx20.41 %
Return on Assets xxxxxxxxxxxxxxx16.84 %
Return on Equity xxxxxxxxxxxxxxx22.21 %
Return on Total Capital xxxxxxxxxxxxxxx24.26 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx116.2 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx69 M
Total Debt xxxxxxxxxxxxxxx72 M
Goodwill - Gross xxxxxxxxxxxxxxx246 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx71 M
Price To Book Value xxxxxxxxxxxxxxx10.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx23.1 M
Capex % of Sales xxxxxxxxxxxxxxx4.61 %
Cost of Goods Sold xxxxxxxxxxxxxxx79 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx275 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx35 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

0.9

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

21/10/2026

1

Overweight

$121.00

80.03%

At first glance, Morgan Stanley notes Hub24's net inflow in the first quarter was in line with expectations. There was no specific outlook provided, although growth in new advisors and licensee agreements signals there is strong demand and a growing pipeline.

The company's greater exposure to superannuation flows was a tailwind versus its peers such as Netwealth Group ((NWL)), the broker adds.

Overweight reiterated and $121 target retained. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY27 dividend of 89.50 cents and EPS of 192.00 cents.
Morgan Stanley forecasts a full year FY28 dividend of 109.00 cents and EPS of 234.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$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

Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

23/10/2026

1

Buy

$96.20

43.13%

Jarden maintains a Buy rating for Hub24 with a $96.20 target price following a sector update evaluating cyclical net flow weakness across Investor Directed Portfolio Services.

The analyst notes industry drawdowns typically span two to four quarters, and current pressures stem from rising cash rates, falling house prices, and tax policy uncertainty rather than structural issues.

Jarden prefers Hub24 over sector peers due to its stronger custodial flow rate of 11.4% and lower 55% exposure to the specific platform segment experiencing macroeconomic headwinds.

The company continues to capture market share and lead the industry in net inflows, supported by ongoing adviser growth and top-tier customer satisfaction scores.

While market consensus net flow expectations are likely to reset lower in the near term, Jarden leaves its earnings estimates unchanged to reflect the cyclical nature of the current slowdown.

FORECAST
Jarden forecasts a full year FY27 dividend of 85.30 cents and EPS of 182.00 cents.
Jarden forecasts a full year FY28 dividend of 100.70 cents and EPS of 214.80 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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HUB STOCK CHART

FNArena News on HUB

1
Australian Broker Call *Extra* Edition – Oct 26, 2026

10:30 AM - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 23-10-26

10:00 AM - Weekly Reports
3
Australian Broker Call *Extra* Edition – Oct 23, 2026

Oct 23 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 09-10-26

Oct 12 2026 - Weekly Reports
5
Netwealth Adds AI To Close Gap With Hub24

Sep 22 2026 - Australia

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