HUB24 is a successful well managed business. But the valuation expectations I keep seeing here defy any sort of logic.
In the end it is about fum x % profit before tax on Fum at marginal cost basis for a maximum valuation x stable state P/E ratio before tax
This looks like fum x 20bps x 11 to 15
So fum x 2.2% to 3%. Previous sales of platforms and declining margins support this. To be worth $3 billion, Hub24 needs $100 billion. It’s current price already assumes it will get to $25 billion and keep growing, which I have no doubt it will.
Ann: FY18 Update, page-14
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Last
$41.12 |
Change
0.290(0.71%) |
Mkt cap ! $3.339B | |||
| Open | High | Low | Value | Volume |
| $40.83 | $41.34 | $40.58 | $6.486M | 158.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 211 | $41.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.12 | 429 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$41.02 |
Change
0.290 ( 0.59 %) |
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| Open | High | Low | Volume | ||
| $40.83 | $41.32 | $40.59 | 21353 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| HUB (ASX) Chart |