QUBE HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.57 AUD | -0.28% |
|
+8.84% | +10.19% |
| May. 02 | Qube Holdings Lifts Earnings Forecast For FY2024; Shares Up 7% | MT |
| May. 02 | Jarden Upgrades Qube Holdings to Buy from Overweight, Adjusts Price Target to AU$3.70 from AU$3.60 | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,877 | 5,481 | 6,044 | 4,821 | 5,032 | 6,325 | - | - |
| Enterprise Value (EV) 1 | 6,233 | 7,449 | 8,161 | 5,724 | 6,878 | 8,279 | 8,376 | 8,426 |
| P/E ratio | 24.9 x | 56 x | 66 x | 40.7 x | 30 x | 26 x | 24.9 x | 22.7 x |
| Yield | 2.2% | 1.79% | 1.89% | 2.31% | 2.84% | 2.4% | 2.57% | 2.78% |
| Capitalization / Revenue | 2.82 x | 2.91 x | 2.97 x | 1.87 x | 1.68 x | 1.91 x | 1.8 x | 1.71 x |
| EV / Revenue | 3.61 x | 3.95 x | 4.02 x | 2.22 x | 2.3 x | 2.5 x | 2.39 x | 2.27 x |
| EV / EBITDA | 21.5 x | 25.6 x | 25.1 x | 14.7 x | 14.8 x | 15.1 x | 14.2 x | 13.4 x |
| EV / FCF | -27.2 x | -33.9 x | -2,915 x | 5.48 x | -130 x | -109 x | 57.4 x | 34.5 x |
| FCF Yield | -3.67% | -2.95% | -0.03% | 18.3% | -0.77% | -0.92% | 1.74% | 2.9% |
| Price to Book | 1.73 x | 1.66 x | 1.8 x | 1.61 x | 1.66 x | 2.02 x | 1.97 x | 1.87 x |
| Nbr of stocks (in thousands) | 1,604,123 | 1,883,518 | 1,906,498 | 1,765,753 | 1,765,474 | 1,766,658 | - | - |
| Reference price 2 | 3.040 | 2.910 | 3.170 | 2.730 | 2.850 | 3.580 | 3.580 | 3.580 |
| Announcement Date | 8/21/19 | 8/24/20 | 8/25/21 | 8/24/22 | 8/23/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,729 | 1,884 | 2,032 | 2,573 | 2,990 | 3,318 | 3,510 | 3,705 |
| EBITDA 1 | 289.3 | 290.9 | 325.6 | 388.8 | 464.8 | 549.4 | 591.1 | 626.9 |
| EBIT 1 | 169.3 | 148.2 | 172.1 | 214.3 | 272.3 | 326.5 | 354.4 | 377.5 |
| Operating Margin | 9.79% | 7.87% | 8.47% | 8.33% | 9.11% | 9.84% | 10.1% | 10.19% |
| Earnings before Tax (EBT) 1 | 284 | 130.5 | 122.6 | 217.9 | 234.7 | 271.2 | 282.6 | 304.3 |
| Net income 1 | 196.6 | 87.5 | 91.6 | 127.5 | 167.9 | 240.9 | 256.3 | 279.9 |
| Net margin | 11.37% | 4.65% | 4.51% | 4.96% | 5.62% | 7.26% | 7.3% | 7.56% |
| EPS 2 | 0.1220 | 0.0520 | 0.0480 | 0.0670 | 0.0950 | 0.1376 | 0.1437 | 0.1578 |
| Free Cash Flow 1 | -228.8 | -220 | -2.8 | 1,045 | -53 | -76.24 | 145.9 | 244 |
| FCF margin | -13.24% | -11.68% | -0.14% | 40.62% | -1.77% | -2.3% | 4.16% | 6.59% |
| FCF Conversion (EBITDA) | - | - | - | 268.83% | - | - | 24.68% | 38.92% |
| FCF Conversion (Net income) | - | - | - | 819.76% | - | - | 56.91% | 87.16% |
| Dividend per Share 2 | 0.0670 | 0.0520 | 0.0600 | 0.0630 | 0.0810 | 0.0860 | 0.0919 | 0.0996 |
| Announcement Date | 8/21/19 | 8/24/20 | 8/25/21 | 8/24/22 | 8/23/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 970.1 | 913.5 | 953.3 | - | 1,216 | 1,357 | 1,497 | 1,493 | 1,628 | 1,715 | 1,747 | 1,844 | 1,832 |
| EBITDA 1 | 158.2 | 132.7 | 162.6 | 163 | 190.4 | 198.4 | 234.7 | 230.1 | 260.8 | 265.2 | - | - | - |
| EBIT 1 | 89.5 | 58.7 | 87.3 | 84.8 | 106.4 | 107.9 | 141.2 | 131.1 | 154.1 | 163.8 | 164.9 | 190 | 175.8 |
| Operating Margin | 9.23% | 6.43% | 9.16% | - | 8.75% | 7.95% | 9.43% | 8.78% | 9.47% | 9.55% | 9.44% | 10.31% | 9.6% |
| Earnings before Tax (EBT) | 75.3 | - | - | - | - | 125.4 | - | - | 147.1 | - | - | - | - |
| Net income 1 | 51.7 | 35.8 | 57.8 | - | 56.3 | 71.2 | 111.3 | 56.6 | 112.3 | 101 | 152 | 129 | - |
| Net margin | 5.33% | 3.92% | 6.06% | - | 4.63% | 5.25% | 7.43% | 3.79% | 6.9% | 5.89% | 8.7% | 7% | - |
| EPS 2 | 0.0320 | - | 0.0310 | - | 0.0290 | 0.0380 | 0.0630 | 0.0320 | 0.0640 | 0.0700 | 0.0800 | 0.0800 | 0.0800 |
| Dividend per Share 2 | 0.0290 | 0.0230 | - | 0.0350 | 0.0300 | 0.0330 | 0.0375 | - | 0.0400 | 0.0425 | - | - | - |
| Announcement Date | 2/24/20 | 8/24/20 | 2/24/21 | 8/25/21 | 2/23/22 | 8/24/22 | 2/22/23 | 8/23/23 | 2/21/24 | - | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,356 | 1,968 | 2,117 | 903 | 1,846 | 1,954 | 2,051 | 2,101 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 4.689 x | 6.763 x | 6.502 x | 2.323 x | 3.972 x | 3.558 x | 3.471 x | 3.352 x |
| Free Cash Flow 1 | -229 | -220 | -2.8 | 1,045 | -53 | -76.2 | 146 | 244 |
| ROE (net income / shareholders' equity) | 4.43% | 2.86% | 2.75% | 5.84% | 7.46% | 8.33% | 8.19% | 8.5% |
| ROA (Net income/ Total Assets) | 2.81% | 1.64% | 1.5% | 3.13% | 3.98% | 4.2% | 4.09% | 4.27% |
| Assets 1 | 7,008 | 5,335 | 6,109 | 4,077 | 4,223 | 5,735 | 6,269 | 6,553 |
| Book Value Per Share 2 | 1.750 | 1.760 | 1.760 | 1.700 | 1.720 | 1.770 | 1.820 | 1.910 |
| Cash Flow per Share 2 | 0.1600 | 0.1800 | 0.1900 | 0.1600 | 0.2200 | 0.2600 | 0.2700 | 0.2800 |
| Capex 1 | 330 | 306 | 361 | 555 | 445 | 521 | 347 | 304 |
| Capex / Sales | 19.1% | 16.23% | 17.78% | 21.56% | 14.88% | 15.72% | 9.88% | 8.2% |
| Announcement Date | 8/21/19 | 8/24/20 | 8/25/21 | 8/24/22 | 8/23/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
3.58
AUD
Average target price
3.706
AUD
Spread / Average Target
+3.51%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +10.19% | 4.18B | |
| +25.64% | 33.33B | |
| +15.51% | 18.26B | |
| 0.00% | 13.47B | |
| +12.21% | 7.71B | |
| -14.58% | 7.55B | |
| +24.59% | 6.89B | |
| +16.56% | 5.95B | |
| -0.56% | 5.76B | |
| 0.00% | 4.14B |
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