HUB24 Limited (AU:HUB)
ASX:HUB
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HUB24 Limited
(Sydney:HUB)
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Rating:49Neutral
Price Target:
AU$81.00
▼(-15.40% Downside)
Action:Reiterated
Date: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
Asset‑backed recurring fee model
HUB24's core revenue is recurring platform and service fees tied to assets on its platform. That model creates predictable, annuity‑like fee streams as assets grow, supporting durable revenue visibility and long‑term margin leverage from scale if net inflows and retention remain positive.
Negative Factors
Sharp recent revenue decline
A near‑term collapse in reported revenue is a structural red flag: it materially weakens operating leverage, can erode gross profit pools and pressures free cash flow if prolonged. Management must restore revenue momentum to sustain margins and fund strategic initiatives over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Asset‑backed recurring fee model
HUB24's core revenue is recurring platform and service fees tied to assets on its platform. That model creates predictable, annuity‑like fee streams as assets grow, supporting durable revenue visibility and long‑term margin leverage from scale if net inflows and retention remain positive.
Read all positive factors
HUB24 Limited (HUB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.57B
Dividend Yield0.57%
Average Volume (3M)325.90K
Price to Earnings (P/E)32.8
Beta (1Y)2.23
Revenue Growth25.05%
EPS Growth79.97%
CountryAU
Employees882
SectorFinancial
Sector Strength70
IndustryFinancial - Data & Stock Exchanges
Share Statistics
EPS (TTM)1.30
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$104.35Price Target Upside8.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)1.62
Revenue Forecast (FY)AU$499.63M
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 linked to the assets administered on its platform and by earning other platform-related service revenues. A core revenue stream is platform fee income derived from administering client investments and s...
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
95.74
Price Trends
83.74
Negative
88.61
Negative
96.67
Negative
Market Momentum
-1.45
Positive
43.77
Neutral
41.87
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 95.74 is above the 20-day moving average (MA) of 82.02, above the 50-day MA of 83.74, and below the 200-day MA of 96.67, indicating a bearish trend. The MACD of -1.45 indicates Positive momentum. The RSI at 43.77 is Neutral, neither overbought nor oversold. The STOCH value of 41.87 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$86.30B | 15.81 | 13.72% | 3.27% | 4.80% | 30.56% | |
56 Neutral | AU$374.60M | 10.16 | 0.24% | ― | 12.63% | -90.91% | |
52 Neutral | AU$311.98M | 9.65 | 15.42% | 2.81% | 12.61% | 69.59% | |
50 Neutral | AU$1.84B | 9.75 | -1.00% | 6.01% | 2.23% | 96.71% | |
49 Neutral | AU$6.57B | 32.82 | 19.71% | 0.57% | 25.05% | 79.97% | |
44 Neutral | AU$3.97B | 32.88 | 3.56% | 1.65% | -14.25% | -25.71% |
* Financial Sector Average
AU:HUB
HUB24 Limited
80.50
0.28
0.36%
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0.29
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236.09
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-5.66%
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0.15
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0.64
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-7.38%
HUB24 Limited Corporate Events
Commonwealth Bank Ceases to Be Substantial Holder in HUB24
May 7, 2026
Commonwealth Bank of Australia and its related bodies corporate have notified that they have ceased to be a substantial shareholder in HUB24 Limited as of 6 May 2026. The change in substantial holding suggests an adjustment in HUB24’s shareh...
HUB24 Director Rachel Grimes Increases Indirect Shareholding
May 5, 2026
HUB24 Limited has reported a change in director Rachel Grimes AM’s relevant interest in the company’s securities. Through an indirect holding via Patrick Grimes Co Employees Provident Fund Pty Limited, she acquired 750 fully paid ordi...
CBA Ceases to Be Substantial Shareholder in HUB24
Apr 29, 2026
Commonwealth Bank of Australia and its related entities have notified HUB24 Limited that they have ceased to be substantial shareholders in the company as of 27 April 2026. The change in substantial holding, detailed through formal disclosure requ...
HUB24 Posts Strong Q3 Inflows as FUA Climbs to $151.7bn
Apr 20, 2026
HUB24 Limited reported strong third-quarter fiscal 2026 performance, with its platform generating net inflows of $4.0 billion and total funds under administration rising 22% year on year to $151.7 billion, despite negative market movements. The co...
HUB24 Flags Conversion of Unquoted Equity Securities
Apr 15, 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 into HUB shares. The Appendix ...
HUB24 Reports Expiry of 72 Unexercised Options
Apr 15, 2026
HUB24 Limited has notified the market of the cessation of 72 HUBAD options, which expired unexercised on 31 March 2026. The update, lodged as an Appendix 3H, signals a minor adjustment to the company’s issued capital structure but does not i...
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...
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.