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
$44.85 |
Change
0.950(2.16%) |
Mkt cap ! $3.641B | |||
| Open | High | Low | Value | Volume |
| $44.52 | $45.08 | $44.44 | $8.036M | 179.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 479 | $44.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.87 | 185 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$44.84 |
Change
0.950 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| $44.56 | $45.07 | $44.44 | 19816 | ||
| Last updated 15.59pm 13/06/2024 ? | |||||
| HUB (ASX) Chart |