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HUB24 Limited
(Sydney:HUB)
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Rating:49Neutral
Price Target:
AU$82.00
â–¼(-14.35% 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
Recurring asset-based fee model
HUB24’s core revenue is recurring, asset-linked platform fees tied to AUM and service subscriptions. That business model creates predictable, sticky revenue as advisers and clients integrate custody, reporting and admin, supporting long-term cash flow visibility and scalable margins.
Negative Factors
Severe recent revenue decline
A near-complete revenue collapse materially weakens the platform fee base that underpins recurring earnings. Restoring AUM-driven fees can take many months, and the scale of the decline risks lasting adviser/customer churn, margin pressure, and reduced ability to invest in growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring asset-based fee model
HUB24’s core revenue is recurring, asset-linked platform fees tied to AUM and service subscriptions. That business model creates predictable, sticky revenue as advisers and clients integrate custody, reporting and admin, supporting long-term cash flow visibility and scalable margins.
Read all positive factors
HUB24 Limited (HUB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.76B
Dividend Yield0.57%
Average Volume (3M)325.90K
Price to Earnings (P/E)63.8
Beta (1Y)2.27
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$102.13Price Target Upside6.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)1.9
Revenue Forecast (FY)AU$576.43M
HUB24 Limited Business Overview & Revenue Model
Company Description
HUB24 Limited, an Australian financial services entity founded in 2007 and based in Sydney, offers integrated platform, technology, and data offerings to the nation's wealth management industry. Operating through its Platform and Tech Solutions se...
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
Neutral
95.74
Price Trends
80.50
Positive
83.85
Negative
92.20
Negative
Market Momentum
0.44
Negative
58.11
Neutral
83.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HUB, the sentiment is Neutral. The current price of 95.74 is above the 20-day moving average (MA) of 77.76, above the 50-day MA of 80.50, and above the 200-day MA of 92.20, indicating a neutral trend. The MACD of 0.44 indicates Negative momentum. The RSI at 58.11 is Neutral, neither overbought nor oversold. The STOCH value of 83.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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$93.66B | 19.91 | 13.72% | 3.27% | 4.80% | 30.56% | |
56 Neutral | AU$380.50M | 477.50 | 0.24% | ― | 12.63% | -90.91% | |
52 Neutral | AU$355.85M | 19.84 | 15.42% | 2.81% | 12.61% | 69.59% | |
50 Neutral | AU$2.22B | -128.53 | -1.00% | 6.01% | 2.23% | 96.71% | |
49 Neutral | AU$6.76B | 63.76 | 19.71% | 0.57% | 25.05% | 79.97% | |
44 Neutral | AU$4.05B | 31.67 | 3.56% | 1.65% | -14.25% | -25.71% |
* Financial Sector Average
AU:HUB
HUB24 Limited
82.89
-10.89
-11.61%
AU:AMP
AMP
1.67
0.22
15.54%
AU:MQG
Macquarie Group Limited
254.49
40.07
18.69%
AU:PPT
Perpetual Limited
19.28
-0.36
-1.82%
AU:CVW
Clearview Wealth Limited
0.65
0.19
40.22%
AU:PPS
Praemium Ltd
0.73
0.02
2.67%
HUB24 Limited Corporate Events
HUB24 Performance Rights Lapse Following Unmet Conditions
Jul 9, 2026
HUB24 Limited has reported the lapse of 27,144 performance rights, recorded under ASX security code HUBAE, after the conditions attached to these rights were not met or became incapable of being satisfied by 30 June 2026. The cessation of these se...
HUB24 Records Conversion of Unquoted Equity Securities
Jul 9, 2026
HUB24 Limited has notified the market of the issue and conversion of unquoted equity securities, following the exercise of unquoted options or other convertible instruments. The Appendix 3G filing indicates an increase in the company’s issue...
HUB24 discloses initial shareholdings of new director Andrew Formica
Jul 1, 2026
HUB24 Limited has appointed Andrew James Formica as a director effective 1 July 2026, signalling a further strengthening of its board with an experienced industry figure. Formica holds a direct interest in 2,453 HUB24 ordinary shares, reflecting a...
HUB24 strengthens board with appointment of Andrew Formica
Jun 24, 2026
HUB24 Limited has appointed veteran investment management executive Andrew Formica as a Non-Executive Director, effective 1 July 2026, strengthening its board with more than three decades of global capital markets and funds management experience. ...
HUB24 Drops Below Substantial Holder Threshold in Great Bear Exploration
Jun 19, 2026
HUB24 Limited has notified the market that it has ceased to be a substantial holder in Great Bear Exploration Ltd, formerly Hydrocarbon Dynamics Limited. The change in status follows a dilution of HUB24’s shareholding resulting from new shar...
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...
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.