HUB24 Limited (HUB) AI Stock Analysis

• Market Cap: €9.34B
• Dividend Yield: 0.57%
• Average Volume (3M): 325.90K
• Price to Earnings (P/E): 116.6
• Beta (1Y): 1.69
• Revenue Growth: 24.44%
• EPS Growth: 68.80%
• Country: AU
• Employees: 882
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 0.67
• Shares Outstanding: 81,765,980
• 10 Day Avg. Volume: 365,531
• 30 Day Avg. Volume: 325,901
• PEG Ratio: 1.32
• Price to Book (P/B): 13.63
• Price to Sales (P/S): 1390.36
• P/FCF Ratio: 57.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €113.07
• Price Target Upside: 15.32% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: AU$101.00 ▲(3.01% Upside)

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

Cash Generation Ability

Positive free cash flow growth indicates HUB24's strong ability to generate cash, supporting reinvestment and financial flexibility.

Balance Sheet Health

A low debt-to-equity ratio highlights financial stability, reducing risk and enhancing HUB24's ability to withstand economic fluctuations.

Revenue Growth Trends

Strong historical revenue growth demonstrates HUB24's successful market penetration and potential for future expansion.

Negative Factors

Revenue Decline

A drastic revenue decline poses a risk to HUB24's profitability and growth, necessitating strategic adjustments to reverse the trend.

Earnings Volatility

Such a sharp decline in revenue growth rate indicates earnings volatility, which can undermine investor confidence and long-term planning.

Impact on Future Cash Flows

Sustained revenue decline threatens future cash flow stability, potentially affecting HUB24's ability to fund operations and growth initiatives.

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 Wealth that are investment and superannuation platforms; and portfolio administration and reporting services for financial advisers, stockbrokers, accountants and their clients, and direct consumers. It also provides accounting, portfolio management, legal documentation, corporate compliance, and self-managed superannuation fund administration solutions; and application and technology products for the financial services sector, as well as license and consulting services for data management, software, and infrastructure. In addition, HUB24 Limited offers retirement solutions. The company was formerly known as Investorfirst Ltd. and changed its name to HUB24 Limited in August 2013. HUB24 Limited was incorporated in 2007 and is headquartered in Sydney, Australia.

How the Company Makes Money

HUB24 generates revenue primarily through platform fees charged to financial advisers and their clients for using its investment platforms. These fees are typically based on the value of the assets under administration (AUA) and can include administration fees, investment management fees, and transaction fees. Additionally, HUB24 earns income from the sale of managed investment products and through service agreements with various financial institutions. The company has established partnerships with a range of investment managers and product providers, which also contribute to its revenue streams by providing a broader array of investment options for its platform users. As the assets under administration grow, so too does the company’s revenue, making AUA a critical factor in its earnings model.

HUB24 Limited Financial Statement Overview

Summary

HUB24 Limited demonstrates strong financial stability with low leverage and efficient cash flow management. However, the drastic decline in revenue is a significant risk that needs to be addressed to ensure long-term profitability and growth. The company must focus on reversing the revenue trend while maintaining its operational efficiencies.

Income Statement

The income statement shows a significant decline in revenue for the latest period, with a revenue growth rate of -98.58%. However, the company has maintained a strong gross profit margin in previous years, indicating efficient cost management. The net profit margin has been relatively stable, but the recent revenue drop is a major concern.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio, indicating low leverage and financial stability. The return on equity has shown improvement over the years, suggesting effective use of equity to generate profits. The equity ratio is healthy, reinforcing the company's strong capital structure.

Cash Flow

Cash flow analysis reveals positive free cash flow growth, indicating good cash generation capabilities. The operating cash flow to net income ratio is strong, suggesting efficient conversion of income into cash. However, the recent revenue decline could impact future cash flows if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	404.79M	5.19M	323.49M	278.63M	191.40M	108.81M
Gross Profit	3.30M	3.30M	255.38M	225.44M	149.64M	91.29M
EBITDA	146.53M	146.45M	97.54M	78.06M	40.09M	19.62M
Net Income	79.48M	79.48M	47.16M	38.17M	14.66M	9.77M
Balance Sheet
Total Assets	662.41M	662.41M	622.73M	620.39M	547.72M	229.02M
Cash, Cash Equivalents and Short-Term Investments	114.83M	114.83M	88.05M	72.75M	43.45M	63.46M
Total Debt	59.04M	59.04M	45.22M	40.17M	49.48M	19.25M
Total Liabilities	132.53M	132.53M	103.03M	109.98M	92.06M	47.95M
Stockholders Equity	529.89M	529.89M	519.70M	510.41M	455.66M	181.07M
Cash Flow
Free Cash Flow	143.66M	124.55M	64.13M	58.32M	24.81M	13.12M
Operating Cash Flow	149.00M	149.00M	88.25M	76.14M	37.41M	19.17M
Investing Cash Flow	-26.15M	-25.71M	-18.74M	-18.18M	-25.04M	-55.11M
Financing Cash Flow	-96.50M	-96.50M	-54.21M	-28.67M	-32.37M	65.59M

HUB24 Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 98.05
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 98.05 is below the 20-day moving average (MA) of 103.58, below the 50-day MA of 106.80, and above the 200-day MA of 92.13, indicating a neutral trend. The MACD of -2.73 indicates Positive momentum. The RSI at 36.78 is Neutral, neither overbought nor oversold. The STOCH value of 16.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:HUB.

HUB24 Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GQG	81 Outperform	AU$4.36B	6.10	116.22%	10.91%	25.96%	32.30%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NWL	64 Neutral	AU$7.56B	64.73	67.81%	1.44%	28.29%	39.39%
PNI	61 Neutral	AU$3.63B	26.64	19.56%	3.55%	37.42%	38.37%
PPT	50 Neutral	€2.14B	-36.17	-3.34%	6.06%	2.87%	87.93%
HUB	49 Neutral	€9.34B	116.63	15.22%	0.57%	24.44%	68.80%

HUB24 Limited Corporate Events

Mitsubishi UFJ Financial Group Ceases Substantial Holding in HUB24

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in HUB24 Limited as of December 2, 2025. This change in substantial holding involved multiple transactions, including the purchase and sale of securities by entities controlled by First Sentier Group Limited and Morgan Stanley, affecting the voting securities of HUB24 Limited.

HUB24 Limited Outlines Strategic Vision at Investor Day

HUB24 Limited hosted its Investor Strategy Day to update stakeholders on its strategic direction. The event, which was streamed live, featured presentations from the Group Executive team, highlighting the company’s ongoing commitment to enhancing financial futures. This strategy day underscores HUB24’s proactive approach in engaging with investors and maintaining transparency about its future plans.

HUB24 Limited Successfully Passes All Resolutions at 2025 AGM

At the 2025 Annual General Meeting of HUB24 Limited, all proposed resolutions were successfully passed. This includes the adoption of the remuneration report, re-election of a director, approval of the performance rights plan, and an increase in the maximum aggregate remuneration for non-executive directors. The meeting results reflect strong shareholder support and are likely to positively impact HUB24’s governance and operational strategies.

HUB24 Limited Highlights Strategic Focus at 2025 AGM

HUB24 Limited held its 2025 Annual General Meeting, presenting key addresses and slides from the Chair and Managing Director. The company continues to focus on expanding its innovative financial technology solutions, which are recognized for enhancing value for advisers and clients. This announcement underscores HUB24’s commitment to leveraging technology to address industry challenges and improve service delivery, positioning itself as a leader in the financial services sector.

HUB24 Limited Issues New Securities Under Tax Exempt Share Plan

HUB24 Limited has announced the issuance of new securities under its Tax Exempt Share Plan. The shares, which are not subject to risk or forfeiture, grant shareholders voting rights and entitlement to dividends. These shares cannot be sold or transferred until the third anniversary of acquisition or the cessation of employment, whichever comes first. This move is part of HUB24’s strategy to strengthen its market position and offer value to its stakeholders.

HUB24 Director Adjusts Shareholding with On-Market Sale

HUB24 Limited announced a change in the director’s interest, with Catherine Louise Kovacs selling 1,150 fully paid ordinary shares at an average price of $120 per share. This transaction reduces her holding to 2,600 shares, and it was conducted as an on-market trade, reflecting a personal adjustment in her investment portfolio.

HUB24 Director Increases Stake Through Performance Rights Exercise

HUB24 Limited announced a change in the director’s interest notice, specifically regarding Andrew Alcock’s securities. On October 1, 2025, Alcock exercised 53,163 FY2023 Performance Rights, converting them into Fully Paid Ordinary Shares (FPO), increasing his total holdings to 920,080 FPO. This transaction reflects the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting investor confidence and market perception.

HUB24 Limited Expands Market Presence with New Securities Quotation

HUB24 Limited has announced the quotation of 53,163 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from October 1, 2025. This move is part of the company’s strategy to enhance its market presence and provide additional value to its stakeholders by leveraging its robust platform and expanding its securities offerings.