HUB24 reported today with UNPAT of $10.1m and FUA of $17.2 billion
FID has reported NPAT of $10.5m and FUMAA of $8.0 billion
Whilst FUA and FUMAA are slightly different measures nonetheless the HUB/FID ratio is about 2.1/1.0
For Market Cap HUB sits at $963.4m versus FID MC at $181.7m a ratio of 5.3/ 1.0
So it would seem that on a similar NPAT basis there is some scope for FID to receive a re rate.
The HUB result has seen its share price rise about 5.5% today.
FID Price at posting:
$5.80 Sentiment: Buy Disclosure: Held
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