We recently cut our fair value estimates for EML Payments and GQG Partners after we self-identified a valuation error in our treatment of share-based compensation. We've now reviewed our diversified financials coverage for the same issue and identified 10 affected companies.
Despite rapid growth, Hub24 accounts for only a small proportion of the investment administration market. There remains significant earnings upside.
Hub24 operates in a commoditized industry. We expect the larger providers to continue improving the functionality of their platforms and compete more aggressively on price.
|
Metric
|
HUB
|
NWL
|
AMP
|
|---|---|---|---|
Price/Earnings (Normalized) | 36.65 | 31.29 | 20.88 |
Price/Book Value | 9.62 | 26.09 | 1.68 |
Price/Sales | 10.90 | 10.79 | 7.27 |
Price/Cash Flow | 30.25 | 72.70 | — |
|
Metric
|
HUB
|
NWL
|
AMP
|
|---|---|---|---|
Quick Ratio | 1.89 | — | 0.09 |
Current Ratio | 2.13 | — | 0.09 |
Interest Coverage | 33.46 | — | 0.04 |
|
Metric
|
HUB
|
NWL
|
AMP
|
|---|---|---|---|
Return on Assets (Normalized) | 20.00% | 48.37% | 0.97% |
Return on Equity (Normalized) | 25.29% | 79.58% | 8.81% |
Return on Invested Capital (Normalized) | 22.02% | — | 0.52% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Morgan Stanley
MS
| LOCK|y?xR$#X | LOCK|CQ? | $299B | |||
| The Goldman Sachs Group Inc
GS
| LOCK|H^pv#?? | LOCK|?@G | $263B | |||
| Charles Schwab Corp
SCHW
| LOCK|vpNJZRrL | LOCK|^?T | $167B | |||
| Robinhood Markets Inc Class A
HOOD
| LOCK|^cj%Cr% | LOCK|npz^ | $101B | |||
| Interactive Brokers Group Inc Class A
IBKR
| LOCK|s$fH$% | LOCK|@d | $40B | |||
| LPL Financial Holdings Inc
LPLA
| LOCK|W#%?^j^ | LOCK|%> | $25B | |||
| Tradeweb Markets Inc
TW
| LOCK|?zFYQ?< | LOCK|p%g | $22B | |||
| IREN Ltd
IREN
| LOCK|$tQD^<P | LOCK|!D | $16B | |||
| Stifel Financial Corp
SF
| LOCK|W&^?YV< | LOCK|>cX>% | $11B | |||
| Jefferies Financial Group Inc
JEF
| LOCK|Q@!>>^ | LOCK|T$& | $11B |
United States