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HUB24 Limited
(Sydney:HUB)
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Rating:65Neutral
Price Target:
AU$86.00
â–²(5.70% Upside)
Action:Reiterated
Date:08/19/26
The score is supported primarily by strong financial performance (profitability, improving returns, low leverage, and high-quality free cash flow). This is meaningfully offset by weak technical positioning (price below major moving averages) and a demanding valuation (high P/E and low yield), which raise sensitivity to any growth or execution volatility.
Positive Factors
Revenue and earnings growth
The substantial expansion in revenue and net income indicates successful platform scaling and stronger operating economics. Sustained growth can reinforce adviser adoption, increase recurring administration fees and improve the company’s ability to invest in technology.
Negative Factors
Uneven growth consistency
The 2025 revenue contraction and inconsistent margin data weaken confidence that the recent expansion will progress evenly. If growth remains volatile, platform investment planning and earnings visibility could be less dependable over the next several reporting periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings growth
The substantial expansion in revenue and net income indicates successful platform scaling and stronger operating economics. Sustained growth can reinforce adviser adoption, increase recurring administration fees and improve the company’s ability to invest in technology.
Read all positive factors
HUB24 Limited (HUB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.03B
Dividend Yield0.83%
Average Volume (3M)325.90K
Price to Earnings (P/E)62.2
Beta (1Y)2.28
Revenue Growth23.25%
EPS Growth50.21%
CountryAU
Employees1,010
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)1.30
Shares Outstanding81,773,770
10 Day Avg. Volume365,531
30 Day Avg. Volume325,901
Financial Highlights & Ratios
PEG Ratio0.99
Price to Book (P/B)10.73
Price to Sales (P/S)11.83
P/FCF Ratio34.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$98.96Price Target Upside21.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)1.9
Revenue Forecast (FY)AU$580.48M
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 platform-based fees for administering client assets held on its investment and superannuation platforms (often described as funds under administration, FUA). The core revenue engine is recurring administrati...
HUB24 Limited Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
80
Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 457.26M | 501.09M | 5.19M | 323.49M | 278.63M | 191.40M |
| Gross Profit | -6.77M | 373.37M | 3.30M | 255.38M | 225.44M | 149.64M |
| EBITDA | 174.72M | 196.21M | 146.45M | 97.54M | 78.06M | 40.09M |
| Net Income | 106.02M | 120.20M | 79.48M | 47.16M | 38.17M | 14.66M |
Balance Sheet | ||||||
| Total Assets | 687.26M | 736.95M | 662.41M | 622.73M | 620.39M | 547.72M |
| Cash, Cash Equivalents and Short-Term Investments | 56.46M | 70.99M | 114.83M | 88.05M | 72.75M | 43.45M |
| Total Debt | 92.60M | 71.66M | 59.04M | 45.22M | 40.17M | 49.48M |
| Total Liabilities | 141.16M | 184.21M | 132.53M | 103.03M | 109.98M | 92.06M |
| Stockholders Equity | 546.10M | 552.75M | 529.89M | 519.70M | 510.41M | 455.66M |
Cash Flow | ||||||
| Free Cash Flow | 158.26M | 171.81M | 124.55M | 64.13M | 58.32M | 24.81M |
| Operating Cash Flow | 160.63M | 176.93M | 149.00M | 88.25M | 76.14M | 37.41M |
| Investing Cash Flow | -93.66M | -106.67M | -25.71M | -18.74M | -18.18M | -25.04M |
| Financing Cash Flow | -113.64M | -114.11M | -96.50M | -54.21M | -28.67M | -32.37M |
HUB24 Limited Technical Analysis
Neutral
81.36
Price Trends
82.02
Positive
83.08
Positive
89.57
Negative
Market Momentum
1.62
Positive
51.92
Neutral
28.84
Neutral
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 81.36 is below the 20-day moving average (MA) of 86.21, below the 50-day MA of 82.02, and below the 200-day MA of 89.57, indicating a neutral trend. The MACD of 1.62 indicates Positive momentum. The RSI at 51.92 is Neutral, neither overbought nor oversold. The STOCH value of 28.84 is Neutral, 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% | |
65 Neutral | AU$7.03B | 62.17 | 19.71% | 0.82% | 23.25% | 50.21% | |
62 Neutral | AU$95.91B | 20.05 | 13.72% | 2.74% | 4.80% | 30.56% | |
54 Neutral | AU$348.54M | 19.70 | 15.42% | 3.72% | 12.61% | 69.59% | |
53 Neutral | AU$5.59B | 30.32 | 5.08% | 1.87% | -4.68% | 4.33% | |
41 Neutral | AU$2.24B | -128.20 | -1.00% | 6.01% | 2.23% | 96.71% | |
40 Underperform | AU$391.99M | 433.33 | 0.24% | ― | 12.63% | -90.91% |
* Financial Sector Average
AU:HUB
HUB24 Limited
79.94
-28.81
-26.49%
AU:AMP
AMP
2.35
0.63
36.39%
AU:MQG
Macquarie Group Limited
255.42
43.43
20.49%
AU:PPT
Perpetual Limited
19.18
-1.06
-5.23%
AU:CVW
Clearview Wealth Limited
0.65
0.19
41.30%
AU:PPS
Praemium Ltd
0.74
0.08
12.46%
HUB24 Limited Corporate Events
HUB24 Sets Out 2026 Sustainability Roadmap and Platform Strengths
Aug 17, 2026
HUB24 Limited has released its Sustainability Supplement for the 2026 financial year, outlining how environmental, social and governance considerations are embedded in its business and strategy. The report, aligned with GRI 2021 Standards and inco...
HUB24 Maps Governance Practices to ASX Standards in 2026 Filing
Aug 17, 2026
HUB24 Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, confirming that the document is current and board-approved and is available via the company’s website. The accompanying Appendix 4G out...
HUB24 Bolsters Governance Framework in 2026 Corporate Statement
Aug 17, 2026
HUB24 Limited, a provider of investment and superannuation platform services in the Australian wealth management technology sector, has reiterated the central role of strong corporate governance in sustaining its business performance. The company ...
HUB24 posts strong FY26 profit growth and lifts dividend
Aug 17, 2026
HUB24 Limited has reported a strong FY26 performance, highlighting significant growth in revenue and profitability as it advances its strategic objectives in the wealth management technology market. The group delivered total revenue of $501.1 mill...
HUB24 posts record FY26 profits as platform growth drives market share gains
Aug 17, 2026
HUB24 Limited reported record FY26 financial results, with Group underlying EBITDA rising 30% to $211.4 million and statutory NPAT jumping 51% to $120.2 million, underpinned by strong platform and tech solutions performance. Total funds under admi...
HUB24 Declares AUD 0.42 Interim Dividend for June Half-Year
Aug 17, 2026
HUB24 Limited has declared an ordinary dividend of AUD 0.42 per fully paid share for the six‑month period ended 30 June 2026, with an ex‑dividend date of 7 September, record date of 8 September, and payment scheduled for 13 October 202...
HUB24 posts strong FY26 growth and highlights strategic progress in annual report
Aug 17, 2026
HUB24 Group’s 2026 annual report highlights outstanding financial results and strong growth in FY26, underpinned by progress against key strategic objectives. The group reports that it has enhanced value for customers while advancing its cor...
HUB24 Sets Date for 2026 Full-Year Results and Investor Briefing
Aug 2, 2026
HUB24 Limited, a technology-driven wealth management and financial services platform provider listed on the Australian Securities Exchange, has built a suite of offerings around its HUB24 investment platform, Class wealth accounting software, NowI...
HUB24 Posts Record FY26 Inflows as Platform Market Share Climbs
Jul 21, 2026
HUB24 reported record FY26 platform net inflows of $18.9 billion, up 20% on the prior year when excluding large migrations, with total Funds Under Administration rising 20% to $164.3 billion by 30 June 2026. Platform FUA grew 24% to $139.5 billion...
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...
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.