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HUB24 Limited
(Sydney:HUB)
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Rating:65Neutral
Price Target:
AU$73.00
â–¼(-6.61% Downside)
Action:Reiterated
Date:08/19/26
The score is primarily supported by strong financial performance (high profitability, improving returns, low leverage, and robust free cash flow). It is pulled down by a weak technical position with the price below key moving averages and by expensive valuation (high P/E and low yield).
Positive Factors
Revenue and scale growth
HUB24 has expanded revenue substantially over five years, demonstrating increasing platform scale and customer adoption. This growth can strengthen operating leverage, broaden the recurring fee base, and support continued investment in technology and adviser services over the next several quarters.
Negative Factors
Revenue growth volatility
Although long-term revenue has grown strongly, the 2025 decline shows that expansion is not completely consistent across reporting periods. Uneven growth can make earnings progression less predictable and may require continued execution to sustain platform adoption and adviser-driven inflows.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and scale growth
HUB24 has expanded revenue substantially over five years, demonstrating increasing platform scale and customer adoption. This growth can strengthen operating leverage, broaden the recurring fee base, and support continued investment in technology and adviser services over the next several quarters.
Read all positive factors
HUB24 Limited (HUB) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.84B
Dividend Yield1.09%
Average Volume (3M)461.69K
Price to Earnings (P/E)49.9
Beta (1Y)2.31
Revenue Growth23.25%
EPS Growth50.21%
CountryAU
Employees1,096
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)1.47
Shares Outstanding81,785,290
10 Day Avg. Volume388,173
30 Day Avg. Volume461,685
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$91.14Price Target Upside16.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering12
EPS Forecast (FY)1.84
Revenue Forecast (FY)AU$570.03M
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 | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 501.09M | 5.19M | 323.49M | 278.63M | 191.40M |
| Gross Profit | 373.37M | 3.30M | 255.38M | 225.44M | 149.64M |
| EBITDA | 196.21M | 146.45M | 97.54M | 78.06M | 40.09M |
| Net Income | 120.20M | 79.48M | 47.16M | 38.17M | 14.66M |
Balance Sheet | |||||
| Total Assets | 736.95M | 662.41M | 622.73M | 620.39M | 547.72M |
| Cash, Cash Equivalents and Short-Term Investments | 70.99M | 114.83M | 88.05M | 72.75M | 43.45M |
| Total Debt | 71.66M | 59.04M | 45.22M | 40.17M | 49.48M |
| Total Liabilities | 184.21M | 132.53M | 103.03M | 109.98M | 92.06M |
| Stockholders Equity | 552.75M | 529.89M | 519.70M | 510.41M | 455.66M |
Cash Flow | |||||
| Free Cash Flow | 171.81M | 124.55M | 64.13M | 58.32M | 24.81M |
| Operating Cash Flow | 176.93M | 149.00M | 88.25M | 76.14M | 37.41M |
| Investing Cash Flow | -106.67M | -25.71M | -18.74M | -18.18M | -25.04M |
| Financing Cash Flow | -114.11M | -96.50M | -54.21M | -28.67M | -32.37M |
HUB24 Limited Technical Analysis
Negative
78.17
Price Trends
69.33
Negative
75.41
Negative
81.04
Negative
Market Momentum
-0.63
Negative
52.67
Neutral
87.49
Negative
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 78.17 is above the 20-day moving average (MA) of 65.12, above the 50-day MA of 69.33, and below the 200-day MA of 81.04, indicating a neutral trend. The MACD of -0.63 indicates Negative momentum. The RSI at 52.67 is Neutral, neither overbought nor oversold. The STOCH value of 87.49 is Negative, 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% | |
65 Neutral | AU$5.84B | 49.90 | 21.88% | 1.09% | 23.25% | 50.21% | |
64 Neutral | AU$265.67M | 40.58 | 5.79% | 4.59% | 7.20% | -51.06% | |
63 Neutral | AU$1.98B | 21.83 | 5.64% | 7.13% | -16.00% | ― | |
62 Neutral | AU$91.73B | 19.63 | 13.72% | 2.81% | 4.80% | 30.56% | |
53 Neutral | AU$5.90B | 33.47 | 5.08% | 2.03% | -4.68% | 4.33% |
* Financial Sector Average
AU:HUB
HUB24 Limited
71.61
-43.73
-37.92%
AU:AMP
AMP
2.46
0.74
43.36%
AU:MQG
Macquarie Group Limited
249.26
32.07
14.77%
AU:PPT
Perpetual Limited
17.12
-0.83
-4.64%
AU:PPS
Praemium Ltd
0.55
-0.34
-38.14%
HUB24 Limited Corporate Events
HUB24 Corrects Issue Date in ASX Quotation Application for New Shares
Oct 27, 2026
HUB24 Limited has lodged an updated application with the ASX for quotation of 11,520 ordinary fully paid shares, correcting the previously stated issue date. The company clarified that these securities were issued on 27 October 2026, rather than 2...
HUB24 Seeks ASX Quotation for New Tax-Exempt Employee Shares
Oct 27, 2026
HUB24 Limited has applied for ASX quotation of 11,520 ordinary fully paid shares issued under its Tax Exempt Share Plan. These shares carry full voting and dividend rights consistent with ordinary shareholders, reinforcing the integration of emplo...
HUB24 lifts FUA to $168.6bn as platform inflows stay robust
Oct 19, 2026
HUB24 reported total funds under administration of $168.6 billion at 30 September 2026, up 15% year on year, driven by platform FUA growth to $143.7 billion and PARS FUA of $24.9 billion. Despite platform net inflows easing 23% to $4.0 billion in ...
HUB24 Records Conversion of Unquoted Options Into Equity
Oct 7, 2026
HUB24 Limited has lodged an Appendix 3G notifying the issue or conversion of unquoted equity securities, specifically options or other convertible instruments that have been exercised. The move increases the number of HUB24 shares on issue, reflec...
HUB24 Issues Notice on Conversion of Unquoted Equity Securities
Oct 6, 2026
HUB24 Limited has notified the market of the issue and conversion of unquoted equity securities, specifically options or other convertible instruments that have been exercised into shares. The move signals a change in the company’s capital s...
HUB24 Cuts 24,430 Lapsed Performance Rights from Capital Structure
Oct 6, 2026
HUB24 Limited has reported the lapse of 24,430 performance rights, which ceased to exist after the conditions attached to these rights were not met or became incapable of being satisfied as at 30 September 2026. The cessation slightly reduces the ...
Daiichi Life Group Entities Cease to Be Substantial Holders in HUB24
Sep 8, 2026
TAL Daiichi Life Australia Pty Ltd and its related Daiichi Life Group entities have notified HUB24 Limited that they have ceased to be substantial holders in the company. Their prior deemed relevant interest in HUB24 shares arose through their sig...
Challenger Ceases to Be Substantial Holder in HUB24
Sep 8, 2026
Challenger Limited has lodged a formal notice with the ASX stating it has ceased to be a substantial holder in HUB24 Limited, indicating that its voting interest in the wealth platform provider has fallen below the regulatory threshold. The change...
HUB24 Updates Market on Conversion of Unquoted Equity Securities
Sep 3, 2026
HUB24 Limited has notified the market of the issue, conversion or payment up of certain unquoted equity securities, specifically involving unquoted options that have been exercised or other unquoted convertible securities that have been converted....
HUB24 Maps Out FY27 Results, Dividend Dates and AGM Timetable
Sep 1, 2026
HUB24 Limited has set out its FY27 financial calendar, detailing dates for quarterly market updates, half-year and full-year results, and the timing of interim and final dividend events, underlining a clear schedule for shareholders and market par...
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...
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.