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...
Add HUB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$44.90 |
Change
0.050(0.11%) |
Mkt cap ! $3.645B | |||
| Open | High | Low | Value | Volume |
| $44.65 | $45.20 | $44.33 | $6.126M | 136.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2270 | $44.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.90 | 1164 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$45.09 |
Change
0.050 ( 0.64 %) |
||||
| Open | High | Low | Volume | ||
| $44.47 | $45.20 | $44.33 | 51558 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| HUB (ASX) Chart |