HUB24 LIMITED (HUB)
Share Price Analysis and Chart

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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

$65.54

17 Jan
2025

-0.160

OPEN

$65.92

-0.24%

HIGH

$66.19

195,994

LOW

$64.95

TARGET
$64.921 -0.9% 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 58.2 107.6 xxx
DPS (cps) xxx N/A 51.2 xxx
EPS Growth xxx 21.9% 85.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 60.9 xxx
Dividend Yield xxx N/A 0.8% xxx
Div Pay Ratio(%) xxx N/A 47.6% xxx

Dividend yield today if purchased 3 years ago: 1.39%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.58

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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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

16/10/2024

1

Buy

$73.00

11.38%

"A tidal flow" is how Bell Potter describes Hub24's 1Q25 results with funds under administration growing 8.5%  to $91.6bn quarter-on-quarter with record underlying net inflows of $4bn.

Management offered upbeat guidance for platform funds target of $115bn-$123bn or an 18% compound growth rate at the midpoint for FY26.

Bell Potter lifts FY26 EPS by 4% due to an increase in flow of funds estimates.

The broker states a Buy rating is retained. Target price is raised to $73 from $66.50 as the valuation ascribed is lifted, noting Hub24 continues to trade at a discount to Netwealth Group ((NWL)).

FORECAST
Bell Potter forecasts a full year FY25 dividend of 53.70 cents and EPS of 116.60 cents.
Bell Potter forecasts a full year FY26 dividend of 64.80 cents and EPS of 141.00 cents.

Macquarie

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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UBS

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

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

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

21/10/2024

1

Buy

$65.80

0.40%

Canaccord Genuity believes Hub24 is very well placed for future growth based on competitive positioning, ongoing growth in the adviser base and current momentum as evidenced by 1Q results.

Record net custodial inflows of $4.0bn were a 44% increase on the previous corresponding period. On an annualised basis these flows exceeded the FY25 estimates of around $12.8bn by the broker and consensus.

The custodial funds under administration (FUA) market movement impact was also strong at $3.1bn, highlight the analysts, with total custodial FUA rising by 41% on the previous corresponding period.

Management noted a "strong pipeline across all customer segments" and reiterated confidence in its FY26 Platform FUA target.

Unchanged Buy rating and $65.80 target.

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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HUB STOCK CHART

FNArena News on HUB

1
Rudi’s View: Best Buys & Convictions For 2025

Jan 16 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – Jan 16, 2025

Jan 16 2025 - Daily Market Reports
3
Rudi’s View: All-Weather Portfolio In 2024

Jan 15 2025 - Rudi's View
4
Rudi’s View: Final Best Buys & Conviction Ideas

Dec 23 2024 - Rudi's View
5
Rudi’s View: Banks, WiseTech, Redox & Integral Diagnostics

Dec 19 2024 - Rudi's View

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