Qube Holdings Ltd QUB

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A$3.35 −0.01 (0.30%)

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As of Apr 24, 2024 6:11am Delayed Price Closed

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Company Report

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Qube's Good Momentum Likely to Carry Into Fiscal 2024 Despite Cooling Economy

Adrian Atkins Feb 22, 2024

Qube's strategy is to consolidate the fragmented logistics chain surrounding the export and import of containers, bulk products, automobiles, and general cargo, to create a more efficient and cost-effective supply chain. The business has enjoyed some successes to date, though significant scope for industry consolidation remains.

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Price vs Fair Value

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QUB is trading at a 1% discount.

Price

A$3.35

Apr 24, 2024

Fair Value

A$6.90

Feb 21, 2024

Uncertainty

Medium

1-Star Price: A$8.55
5-Star Price: A$9.67
Economic Moat: Gmrzqq
Capital Allocation: Pnyysdgrhz

Bulls Say, Bears Say

Bulls

There is significant potential to increase efficiency through vertical integration of port logistics services. Qube will attempt to deliver on this strategy through consolidation and integration.

Bears

A corporate structure of associate companies, acquired businesses, and newly purchased assets limits transparency. Meanwhile, a strategy focused on acquisitions adds integration risk.

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Trading Information

Previous Close Price: A$3.36
Day Range: A$3.34–3.41
52-Week Range: A$2.61–3.47
Bid/Ask: A$3.33 / A$3.37
Market Cap: A$5.92 Bil
Volume/Avg: 2.3 Mil / 2.9 Mil

Key Statistics

Price/Earnings (Normalized): 39.35
Price/Sales: 2.02
Dividend Yield (Trailing): 2.49%
Dividend Yield (Forward): 2.39%
Total Yield: 2.57%

Company Profile

Qube has three main divisions: operating; property; and Patrick. Operating undertakes road/rail transportation of containers to and from port, operation of container parks, customs/quarantine services, warehousing, intermodal terminals, international freight forwarding, domestic stevedoring, and bulk transport. Patrick is the container terminals business acquired from Asciano, and the property division includes tactical land holdings in Sydney.

Sector: Industrials
Industry: Integrated Freight & Logistics
Stock Style Box: Mid Core
Total Number of Employees: —
Website: https://www.qube.com.au

Competitors

Valuation

Metric	QUB	CSX	UNP
Price/Earnings (Normalized)	39.35	18.61	22.66
Price/Book Value	1.93	5.23	9.74
Price/Sales	2.02	4.58	5.98
Price/Cash Flow	13.86	12.52	16.61

Price/Earnings

QUB

CSX

UNP

Financial Strength

Metric	QUB	CSX	UNP
Quick Ratio	1.05	0.88	0.62
Current Ratio	1.12	1.05	0.81
Interest Coverage	2.27	6.95	7.11

Quick Ratio

QUB

CSX

UNP

Profitability

Metric	QUB	CSX	UNP
Return on Assets (Normalized)	4.09%	8.83%	9.63%
Return on Equity (Normalized)	7.70%	30.10%	47.89%
Return on Invested Capital (Normalized)	4.39%	13.72%	15.34%

Return on Assets

QUB

CSX

UNP

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