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HUB24 Limited (HUB) Fair Value & Analysis

Financial Services · AU · Market cap A$6.7B

HL HUB24 Limited HUB · AU
PriceA$88.87
Fair ValueA$9.07
Upside-89.8%
Quality86/100
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Mixed Growth
Highly profitable · 23.4% net margin
Low debt · generates free cash flow
0.83% dividend yield
Mixed vs. peers (7/14)
Wide moat 84/100
Evidence: High Range A$6.80 – A$11.34 Share as image

Fair value as of: Jul 12, 2026

From 13 valuation models · updated 29 days ago

Share price +8.3% over the past month.

A strong business, but screening 90% overvalued on our models.

What matters now

  • A high-quality business (quality 86/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (A$11.34). The favourable scenario is already priced in.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

A$118.05 A$17.21 Fair Value A$9.07 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$17.21 – A$118.05 · fair‑value band A$6.80 – A$11.34 · the A$88.87 price screens above the A$9.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

HUB24 Limited (HUB) currently trades at A$88.87, while our model-based Fair Value estimate is A$9.07, implying the stock looks roughly 89.8% overvalued today. The Quality Score stands at 86/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, HUB24 Limited generated revenue of A$453M at a net margin of 23.4%. Revenue grew 26.2% year over year. It earns a return on equity of 19.7%. The balance sheet holds a net cash position of A$55.8M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$6.80 (bear case) to A$11.34 (bull case); at A$88.87, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 27% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -90%, HUB screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF A$24.15 A$44.71 A$77.82 80
Residual Income A$6.38 A$8.14 A$19.84 76
Rev-Margin DCF A$14.99 A$23.50 A$41.47 74
All 13 models by family
DCF Models
Owner Earnings A$19.65 A$41.84 A$86.71 31
5Y P/E Exit A$15.33 A$28.84 A$46.62 38
10Y P/E Exit A$18.64 A$34.18 A$58.27 35
Earnings-Based
Graham-Dodd A$6.61 A$46.09 A$64.69 54
Lynch FV A$23.81 A$34.02 A$44.23 50
Dividend Discount
Gordon GGM A$3.79 A$7.56 A$11.44 70
DDM Multi-Stage A$3.79 A$6.53 A$7.98 61
Multiples
P/E Multiple A$9.48 A$12.64 A$15.80 63
P/B Multiple A$6.80 A$9.07 A$11.34 55
Asset-Based
NCAV (Graham) A$3.24 A$4.34 A$6.48 50
Growth DCF
Growth DCF A$24.15 A$44.71 A$77.82 80
Rev-Margin DCF A$14.99 A$23.50 A$41.47 74
Economic Profit
Residual Income A$6.38 A$8.14 A$19.84 76

Widest divergence: DCF Models (A$34.18) versus Asset-Based (A$4.34). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$453M
Revenue growth (YoY) +26.2%
Net margin 23.4%
Return on equity 19.7%
Free cash flow A$125M FY2025
P/E ratio 64.2
More key figures
Operating margin 29.9%
EPS (TTM) A$1.28
Dividend yield 0.8%
EPS growth (YoY) +82.2%
Net cash A$55.8M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 86/100

Of which business quality 82 · Market factors (momentum, volatility) 32

Profitability 70
Margins and returns on capital today
Quality Growth 96
Are margins and returns improving?
Cashflow 93
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

HUB24 Limited, a financial services company, provides integrated platform, technology, and data solutions to wealth industry in Australia. The company operates through Platform and Tech Solutions segments.

Full company description

HUB24 Limited, a financial services company, provides integrated platform, technology, and data solutions to wealth industry in Australia. The company operates through Platform and Tech Solutions segments. It operates HUB24 platform, which offers superannuation or other legal structures used by financial professionals to administer, invest, and report on their clients' assets; PARS, a non-custody portfolio service that provides administration, corporate action management, and tax reporting services for financial professionals and their clients; and myprosperity, a client portal for accountants and financial professionals. It also offers Class, which delivers trust accounting, portfolio management, legal documentation, corporate compliance, and SMSF administration solutions; HUBconnect, an application and technology products for the financial services sector; Class and NowInfinity provides cloud-based wealth accounting and corporate compliance services; and license and consulting services for data management, software, and infrastructure. The company was formerly known as Investorfirst Ltd. and changed its name to HUB24 Limited in August 2013. HUB24 Limited was incorporated in 2007 and is headquartered in Sydney, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

HUB24 Limited reported revenue of A$407M in FY2025 versus A$109M in FY2021, a compound +39.0%/yr. Reported net income was A$79.5M in FY2025, compounding +68.9%/yr from FY2021.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$407M
Latest YoY
+23.1%
Avg. growth/yr (3Y)
+28.5%
Avg. growth/yr (5Y)
+37.9%
Avg. growth/yr (21Y)
+29.8%
Revenue +39.0%/yr
FY21 A$109M
FY22 A$191M
FY23 A$279M
FY24 A$330M
FY25 A$407M
Net income +68.9%/yr
FY21 A$9.8M
FY22 A$14.7M
FY23 A$38.2M
FY24 A$47.2M
FY25 A$79.5M

HUB screens 90% overvalued. Compare with Huatai Securities Co →

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Cite: Fair Value Calculator (2026). "HUB24 Limited Fair Value". https://www.fairvalue-calculator.com/stock/HUB

Peer Group

Capital Markets · 425 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 85 · Top 25%
Fair Value upside −90% · Bottom 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 23% · Above median
Operating margin (TTM) 30% · Above median
Revenue growth 26% · Above median
Dividend yield (TTM) 0.8% · Below median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 64.2× · Pricier than 75% of peers
P/B 8.96× · Pricier than 75% of peers
P/S (TTM) 10.47× · Pricier than 75% of peers
P/FCF 38.1× · Pricier than 75% of peers
EV/EBITDA 32.6× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 9
FUTURE 100 · sector 96
PAST 79 · sector 30
HEALTH 100 · sector 93
DIVIDEND 17 · sector 36

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Huatai Securities Co HTSC $0.2700 $0.0400 -85%
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%

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Frequently asked questions

Is HUB24 Limited (HUB) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$9.07 versus a price of A$88.87, about −90% (overvalued).
What is the fair value of HUB?
Our model-based fair value for HUB24 Limited is A$9.07 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$88.87.
What is the quality score of HUB?
HUB24 Limited has a Quality Score of 86/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of HUB24 Limited (HUB)?
HUB24 Limited reported trailing-twelve-month revenue of about A$453M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of HUB?
The net profit margin of HUB24 Limited is about 23.4%, meaning it keeps roughly 23.4% of revenue as net income. Based on the latest reported figures.
Does HUB24 Limited pay a dividend?
HUB24 Limited currently shows a dividend yield of about 0.81% relative to its recent price (as of Jul 12, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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