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
$74.48 |
Change
0.920(1.25%) |
Mkt cap ! $4.657B | |||
| Open | High | Low | Value | Volume |
| $74.75 | $74.83 | $73.90 | $7.102M | 95.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 89 | $74.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.52 | 1 | 1 |
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| Last trade - 13.00pm 22/11/2024 (20 minute delay) ? |
| HUB (ASX) Chart |
