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.
HUB24 is a successful well managed business. But the valuation...
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Last
$44.49 |
Change
0.000(0.00%) |
Mkt cap ! $3.612B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 5 | 290 | $46.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $42.27 | 158 | 1 |
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| Last trade - 09.54am 06/06/2024 (20 minute delay) ? |
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Last
$44.93 |
Change
0.000 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| $44.76 | $44.96 | $44.70 | 899 | ||
| Last updated 10.14am 06/06/2024 ? | |||||
| HUB (ASX) Chart |
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