HUB24 Limited (AU:HUB)
ASX:HUB
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HUB24 Limited
(Sydney:HUB)
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Rating:49Neutral
Price Target:
AU$79.00
â–¼(-0.43% Downside)
Action:ReiteratedDate:11/21/25
The overall stock score is primarily influenced by the company's strong financial stability and efficient cash flow management. However, the significant decline in revenue and bearish technical indicators pose major risks. Additionally, the high P/E ratio and low dividend yield suggest overvaluation, further impacting the stock's attractiveness.
Positive Factors
Recurring platform revenue
HUB24's core platform business generates recurring fees tied to assets under administration and adviser activity. This creates durable, predictable revenue streams when client retention and FUA are stable, supporting long-term cash flow visibility and scalability as adviser relationships deepen.
Negative Factors
Sharp recent revenue decline
A near-total revenue drop in the latest period is a material structural risk: recurring fee models depend on FUA and activity. Such a drastic decline can compress margins, reduce cash flow runway and impair the company's ability to invest in product and distribution until inflows recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring platform revenue
HUB24's core platform business generates recurring fees tied to assets under administration and adviser activity. This creates durable, predictable revenue streams when client retention and FUA are stable, supporting long-term cash flow visibility and scalability as adviser relationships deepen.
Read all positive factors
HUB24 Limited (HUB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.47B
Dividend Yield0.57%
Average Volume (3M)325.90K
Price to Earnings (P/E)32.8
Beta (1Y)2.10
Revenue Growth24.44%
EPS Growth68.80%
CountryAU
Employees882
SectorFinancial
Sector Strength70
IndustryFinancial - Data & Stock Exchanges
Share Statistics
EPS (TTM)0.72
Shares Outstanding81,773,770
10 Day Avg. Volume365,531
30 Day Avg. Volume325,901
Financial Highlights & Ratios
PEG Ratio1.32
Price to Book (P/B)13.63
Price to Sales (P/S)1390.36
P/FCF Ratio57.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$111.47Price Target Upside40.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering13
EPS Forecast (FY)1.63
Revenue Forecast (FY)AU$502.54M
HUB24 Limited Business Overview & Revenue Model
Company Description
HUB24 Limited, a financial services company, provides integrated platform, technology, and data solutions to wealth industry in Australia. It operates in Platform and Tech Solutions segments. The company develops and operates HUB24 and Xplore Weal...
How the Company Makes Money
HUB24 primarily makes money by charging fees for the use of its investment and superannuation platform and, separately, for administration services provided through its SMSF administration business. The main revenue model is platform-based: as adv...
HUB24 Limited Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
70
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 457.26M | 5.19M | 323.49M | 278.63M | 191.40M | 108.81M |
| Gross Profit | -6.77M | 3.30M | 255.38M | 225.44M | 149.64M | 91.29M |
| EBITDA | 174.72M | 146.45M | 97.54M | 78.06M | 40.09M | 19.62M |
| Net Income | 106.02M | 79.48M | 47.16M | 38.17M | 14.66M | 9.77M |
Balance Sheet | ||||||
| Total Assets | 687.26M | 662.41M | 622.73M | 620.39M | 547.72M | 229.02M |
| Cash, Cash Equivalents and Short-Term Investments | 56.46M | 114.83M | 88.05M | 72.75M | 43.45M | 63.46M |
| Total Debt | 92.60M | 59.04M | 45.22M | 40.17M | 49.48M | 19.25M |
| Total Liabilities | 141.16M | 132.53M | 103.03M | 109.98M | 92.06M | 47.95M |
| Stockholders Equity | 546.10M | 529.89M | 519.70M | 510.41M | 455.66M | 181.07M |
Cash Flow | ||||||
| Free Cash Flow | 158.26M | 124.55M | 64.13M | 58.32M | 24.81M | 13.12M |
| Operating Cash Flow | 160.63M | 149.00M | 88.25M | 76.14M | 37.41M | 19.17M |
| Investing Cash Flow | -93.66M | -25.71M | -18.74M | -18.18M | -25.04M | -55.11M |
| Financing Cash Flow | -113.64M | -96.50M | -54.21M | -28.67M | -32.37M | 65.59M |
HUB24 Limited Technical Analysis
Negative
79.34
Price Trends
88.54
Negative
94.13
Negative
98.46
Negative
Market Momentum
-2.20
Negative
41.64
Neutral
58.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HUB, the sentiment is Negative. The current price of 79.34 is below the 20-day moving average (MA) of 83.02, below the 50-day MA of 88.54, and below the 200-day MA of 98.46, indicating a bearish trend. The MACD of -2.20 indicates Negative momentum. The RSI at 41.64 is Neutral, neither overbought nor oversold. The STOCH value of 58.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HUB.
HUB24 Limited Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
86 Outperform | AU$5.28B | 7.38 | 116.22% | 10.91% | 25.96% | 32.30% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$5.21B | -724.26 | 32.56% | 1.45% | 28.29% | 39.39% | |
61 Neutral | AU$2.99B | 14.10 | 13.61% | 3.45% | 37.42% | 38.37% | |
50 Neutral | AU$1.82B | 9.75 | -1.00% | 6.01% | 2.87% | 87.93% | |
49 Neutral | AU$6.47B | 32.82 | 15.22% | 0.57% | 24.44% | 68.80% |
* Financial Sector Average
AU:HUB
HUB24 Limited
79.34
23.01
40.85%
AU:PPT
Perpetual Limited
15.80
0.34
2.18%
AU:PNI
Pinnacle Investment Management Group Limited
13.78
-0.13
-0.92%
AU:NWL
Netwealth Group Ltd.
21.22
-0.62
-2.82%
AU:GQG
GQG Partners, Inc. Shs Chess Depository Interests Repr 1 Sh
1.79
0.15
9.04%
HUB24 Limited Corporate Events
HUB24 Converts Unquoted Options and Convertible Securities into Issued Equity
Feb 26, 2026
HUB24 Limited has notified the market of the issue or conversion of unquoted equity securities, specifically unquoted options that have been exercised or other unquoted convertible securities that have been converted. The move indicates a change i...
HUB24 Delivers Strong 1HFY26 Profit Growth and Higher Dividend
Feb 19, 2026
HUB24 Limited, a wealth management platform and financial technology provider, offers investment and superannuation platforms along with portfolio administration and reporting services to advisers and institutions. Its operations span custodial ad...
HUB24 posts record half-year growth as platform inflows and FUA surge
Feb 19, 2026
HUB24 reported a strong first half of FY26, with underlying EBITDA rising 35% to $104.9 million, underlying NPAT up 60% to $68.3 million and statutory NPAT up 80% to $59.7 million, supported by a 26% lift in revenue to $245.9 million and an expand...
HUB24 Declares Interim Dividend of 36 Cents Per Share
Feb 19, 2026
HUB24 Limited has declared an ordinary fully paid share dividend of AUD 0.36 per share, relating to the six‑month period ended 31 December 2025. The stock will trade ex‑dividend on 16 March 2026, with a record date of 17 March 2026 and...
HUB24 Builds on FY25 Momentum with Strong 1HFY26 Growth
Feb 19, 2026
HUB24 reported strong performance for the first half of FY26, highlighting outstanding results and growth that build on the momentum achieved in FY25. The company emphasized progress on its strategic objectives, underscoring a focus on adding valu...
Challenger exits substantial shareholder position in HUB24
Feb 10, 2026
Challenger Limited, together with its associated entities, has lodged a formal notice stating it has ceased to be a substantial shareholder in HUB24 Limited. The filing, made to the ASX under Corporations Act requirements, indicates that Challenge...
HUB24 Sets Date for 2026 Half-Year Results and Investor Briefing
Feb 1, 2026
HUB24 Limited has announced it will release its 2026 half-year results before the market opens on Thursday 19 February 2026, followed by a live analyst and investor briefing at 11:30am AEDT the same day, with the presentation to be streamed online...
HUB24 Sets New Record for Platform Inflows as FUA Surges to $152bn
Jan 19, 2026
HUB24 reported record quarterly net inflows of $5.6 billion on its investment platform for the second quarter of FY26, contributing to record half-year net inflows of $10.7 billion and lifting total Funds Under Administration to $152.3 billion as ...
MUFG Ceases to Be Substantial Shareholder in HUB24
Jan 13, 2026
Mitsubishi UFJ Financial Group, Inc. has lodged a notice indicating it has ceased to be a substantial shareholder in HUB24 Ltd, following a series of transactions in HUB24 fully paid ordinary shares carried out on 29 December 2025 by entities cont...
First Sentier Group Ceases to Be Substantial Shareholder in HUB24
Jan 9, 2026
First Sentier Group Limited and its related entities have lodged a notice that they have ceased to be substantial shareholders in HUB24 Limited as of 7 January 2026, in accordance with Australian Corporations Act disclosure requirements. The exit ...
HUB24 Flags Conversion of Unquoted Equity Securities
Jan 8, 2026
HUB24 Limited has notified the market of the issue or conversion of unquoted equity securities, specifically noting that certain unquoted options or other unquoted convertible securities have been exercised or converted into HUB24 shares. The move...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.