HUB24 (ASX:HUB) Posts Strong Full Year Results, Is The Stock Fully Priced?

Why HUB24’s latest full year result matters for investors

HUB24 (ASX:HUB) has drawn fresh attention after releasing full year results to 30 June 2026, reporting revenue of A$501.09 million and net income of A$120.2 million compared with the prior year.

See our latest analysis for HUB24.

Despite HUB24’s stronger full year earnings, the stock’s recent momentum has been soft, with the share price down 10.33% over the past week and the 1-year total shareholder return declining 23.36%, although the 5-year total shareholder return is 174.13%.

If HUB24’s results have you reviewing your portfolio, it can also be useful to see what other areas of the market are offering growth themes through our screener of 4 top founder-led companies

HUB24 has put strong headline numbers on the table while the share price has stepped back. The next step is to see whether the current valuation still offers a favourable trade off between risk and potential reward.

Most Popular Narrative: 20% Undervalued

HUB24’s most followed narrative places fair value at A$99.34 per share, compared with the last close of A$79.74. That gap is built on explicit assumptions about future revenue, margins and the return investors require.

The strategic positioning of HUB24 as a market leader with strong growth in funds under administration (FUA) suggests potential for ongoing revenue growth, as indicated by a 4-year CAGR of 42% in group revenue. This is complemented by a substantial increase in market share from 6.6% to 7.9% over the last 12 months.

Read the complete narrative.

Want to see what sits behind that fair value for HUB24? The narrative leans on faster compound revenue growth, rising profit margins and a rich future earnings multiple. Curious which assumptions matter most and how sensitive the outcome is to small changes?

Result: Fair Value of A$99.34 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, HUB24’s narrative also carries clear risks, including tougher competition that pressures pricing and any equity market weakness that slows the growth of funds under administration.

Find out about the key risks to this HUB24 narrative.

Another view on HUB24’s valuation

While the HUB24 narrative points to a fair value of A$99.34, the current P/E ratio of 54.1x sends a different signal. It is higher than the Australian Capital Markets industry on 21x, the peer average of 34.2x, and the fair ratio of 23.1x, which suggests a meaningful valuation premium. Is that premium justified by HUB24’s growth and quality, or is it stretching expectations?

See what the numbers say about this price — find out in our valuation breakdown.

Next Steps

With HUB24’s mixed share price performance and upbeat narrative, it is useful to move quickly and test the story against your own expectations. To understand what the current optimism is based on, start by weighing the company’s 2 key rewards

Looking for more investment ideas beyond HUB24?

If HUB24 has sharpened your focus, do not stop here. Fresh ideas can help you build a stronger portfolio and avoid relying too heavily on a single stock.

• Target dependable income streams by reviewing companies in the 6 dividend fortresses and see which yields might fit your long term goals.
• Hunt for quality at a reasonable price with the 14 high quality undervalued stocks that highlights financially solid stocks trading below their estimated worth.
• Strengthen your defence with the 10 resilient stocks with low risk scores and focus on stocks that score well on resilience and balance sheet stability.

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.