Qube Holdings Limited

ASX:QUB Stock Report

Market Cap: AU$8.8b

Qube Holdings Valuation

Is QUB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of QUB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: QUB (A$4.95) is trading below our estimate of future cash flow value (A$5.89)

Significantly Below Future Cash Flow Value: QUB is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for QUB?

Key metric: As QUB is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for QUB. This is calculated by dividing QUB's market cap by their current earnings.
What is QUB's PE Ratio?
PE Ratio40.2x
EarningsAU$218.30m
Market CapAU$8.78b

Price to Earnings Ratio vs Peers

How does QUB's PE Ratio compare to its peers?

The above table shows the PE ratio for QUB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37x
DBI Dalrymple Bay Infrastructure
80.2x30.32%AU$2.4b
ALX Atlas Arteria
26.2x28.90%AU$6.8b
BWN Bhagwan Marine
19.8x29.92%AU$132.4m
AZJ Aurizon Holdings
21.7x6.78%AU$6.8b
QUB Qube Holdings
40.1x12.38%AU$8.8b

Price-To-Earnings vs Peers: QUB is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the peer average (37x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does QUB's PE Ratio compare vs other companies in the Global Infrastructure Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
QUB 40.2xIndustry Avg. 15.1xNo. of Companies38PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QUB is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the Global Infrastructure industry average (15.1x).

Price to Earnings Ratio vs Fair Ratio

What is QUB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QUB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.2x
Fair PE Ratio25.4x

Price-To-Earnings vs Fair Ratio: QUB is expensive based on its Price-To-Earnings Ratio (40.1x) compared to the estimated Fair Price-To-Earnings Ratio (25.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst QUB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.95
AU$5.00
+1.01%
5.17%AU$5.20AU$4.50n/a11
Mar ’27AU$5.01
AU$5.00
-0.20%
5.17%AU$5.20AU$4.50n/a11
Feb ’27AU$4.77
AU$5.00
+4.73%
5.60%AU$5.20AU$4.40n/a11
Jan ’27AU$4.77
AU$4.99
+4.54%
6.02%AU$5.20AU$4.30n/a11
Dec ’26AU$4.78
AU$4.97
+3.99%
5.87%AU$5.20AU$4.30n/a12
Nov ’26AU$4.39
AU$4.53
+3.09%
5.94%AU$4.95AU$4.00n/a14
Oct ’26AU$4.09
AU$4.52
+10.39%
5.83%AU$4.95AU$4.00n/a14
Sep ’26AU$4.14
AU$4.49
+8.54%
5.96%AU$4.95AU$4.00n/a14
Aug ’26AU$4.35
AU$4.32
-0.67%
6.93%AU$4.79AU$3.80n/a14
Jul ’26AU$4.29
AU$4.29
-0.086%
7.36%AU$4.79AU$3.70n/a14
Jun ’26AU$4.24
AU$4.29
+1.09%
7.36%AU$4.79AU$3.70n/a14
May ’26AU$4.04
AU$4.27
+5.80%
7.33%AU$4.79AU$3.70n/a14
Apr ’26AU$3.93
AU$4.28
+8.99%
7.70%AU$4.92AU$3.70n/a14
Mar ’26AU$4.00
AU$4.25
+6.19%
7.55%AU$4.92AU$3.70AU$5.0113
Feb ’26AU$4.18
AU$4.06
-2.79%
8.28%AU$4.83AU$3.50AU$4.7713
Jan ’26AU$3.97
AU$4.07
+2.53%
8.20%AU$4.83AU$3.50AU$4.7713
Dec ’25AU$3.98
AU$4.06
+2.12%
8.22%AU$4.83AU$3.50AU$4.7813
Nov ’25AU$3.70
AU$4.04
+9.10%
7.14%AU$4.62AU$3.50AU$4.3913
Oct ’25AU$3.97
AU$4.00
+0.68%
8.31%AU$4.62AU$3.28AU$4.0915
Sep ’25AU$3.86
AU$4.00
+3.55%
8.31%AU$4.62AU$3.28AU$4.1415
Aug ’25AU$3.77
AU$3.83
+1.64%
8.47%AU$4.55AU$3.28AU$4.3515
Jul ’25AU$3.63
AU$3.79
+4.46%
8.84%AU$4.55AU$3.28AU$4.2915
Jun ’25AU$3.59
AU$3.79
+5.44%
8.87%AU$4.55AU$3.28AU$4.2415
May ’25AU$3.28
AU$3.62
+10.36%
7.02%AU$4.32AU$3.28AU$4.0415
Apr ’25AU$3.41
AU$3.59
+5.36%
7.23%AU$4.32AU$3.28AU$3.9314
Mar ’25AU$3.26
AU$3.62
+10.95%
7.03%AU$4.32AU$3.30AU$4.0013
AU$5
Fair Value
1.0% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/09 06:53
End of Day Share Price 2026/03/06 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Qube Holdings Limited is covered by 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew RyanBarrenjoey Markets Pty Limited
Sam ByrnesBell Potter
Shaurya VisenBofA Global Research