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HUB24 (ASX:HUB) Is Down 10.1% After Lifting Earnings And Fully Franked Dividend - Has The Bull Case Changed?
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  • HUB24 Limited recently reported full-year 2026 results, with revenue of A$501.09 million and net income of A$120.2 million, and declared a fully franked final dividend of A$0.42 per share for the half-year to June 30, 2026, paid on October 13, 2026.
  • The combination of higher earnings and an increased fully franked dividend highlights HUB24’s current capacity to convert business momentum into shareholder cash returns.
  • We’ll now examine how HUB24’s stronger full-year profitability and higher fully franked dividend payment affect its existing investment narrative.

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HUB24 Investment Narrative Recap

To own HUB24, you need to believe its platform can keep attracting adviser flows and defending margins in a competitive, fee-sensitive market. The latest A$501.09 million revenue and A$120.2 million net profit confirm the business is currently converting growth into cash, with a higher fully franked dividend supporting that view. In the short term, the key catalyst remains sustained funds and revenue growth, while the biggest risk is margin pressure if competition or costs increase, and this result does not remove that risk.

The most relevant announcement here is the fully franked A$0.42 final dividend for the half-year to June 30, 2026, payable on October 13, 2026. Paired with higher earnings per share, this supports the idea that HUB24’s current profitability can fund both reinvestment and cash returns. It also sharpens the focus on whether the company can continue to support this level of payout if fee pressure, market volatility or higher operating expenses start to bite.

Yet behind the stronger dividend, there is an important risk investors should be aware of around potential margin pressure and...

Read the full narrative on HUB24 (it's free!)

HUB24’s narrative projects A$704.7 million revenue and A$186.4 million earnings by 2029. This requires 15.8% yearly revenue growth and an earnings increase of about A$80 million from A$106.0 million today.

Uncover how HUB24's forecasts yield a A$99.34 fair value, a 28% upside to its current price.

Exploring Other Perspectives

ASX:HUB 1-Year Stock Price Chart
ASX:HUB 1-Year Stock Price Chart

While recent results look strong, the most pessimistic analysts were already cautious, assuming revenue of about A$696.0 million and earnings of A$165.3 million by 2029, and worrying that accelerating digital competition could still compress HUB24’s margins, so it is worth seeing how this new result might shift both the bullish and bearish cases.

Explore 5 other fair value estimates on HUB24 - why the stock might be worth 33% less than the current price!

The Verdict Is Yours

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

  • A great starting point for your HUB24 research is our analysis highlighting 2 key rewards that could impact your investment decision.
  • Our free HUB24 research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate HUB24's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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