HUB 2.37% $63.53 hub24 limited

Ann: FY18 Update, page-17

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  1. 3,447 Posts.
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    Bobsa -
    End-game valuation is one of the tools I use too.  HUB24 current market share is ~0.9% and growing fast ... but they won't take 20%+ of industry inflows forever.

    To me this is a reasonable way to consider a valuation for this part of their business.  The hard bits are:

    1/ what's the eventual/end game market share?  2%  5%  10%??
    2/ what other areas may they then use their size/brand/relationship to grow into once growth in their current products slow?
 
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