Qube Holdings Limited

ASX:QUB Stock Report

Market Cap: AU$7.0b

Qube Holdings Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair 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.

Below Fair Value: QUB (A$3.9) is trading above our estimate of fair value (A$2.65)

Significantly Below Fair Value: QUB is trading above our estimate of fair value.

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 Ratio30.4x
EarningsAU$227.00m
Market CapAU$7.00b

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 Average22.5x
DBI Dalrymple Bay Infrastructure
22.5x6.4%AU$1.7b
ALX Atlas Arteria
22.2x22.3%AU$6.6b
BWN Bhagwan Marine
31.3xn/aAU$178.9m
AZJ Aurizon Holdings
14.2x5.7%AU$5.8b
QUB Qube Holdings
30.4x10.6%AU$7.0b

Price-To-Earnings vs Peers: QUB is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the peer average (22.5x).

Price to Earnings Ratio vs Industry

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

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
QUB 30.4xIndustry Avg. 14.4xNo. of Companies32PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: QUB is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the Global Infrastructure industry average (14.4x).

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 Ratio30.4x
Fair PE Ratio18.6x

Price-To-Earnings vs Fair Ratio: QUB is expensive based on its Price-To-Earnings Ratio (30.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.6x).

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$3.90
AU$4.07
+4.4%
8.2%AU$4.83AU$3.50n/a13
Dec ’25AU$3.98
AU$4.06
+2.1%
8.2%AU$4.83AU$3.50n/a13
Nov ’25AU$3.70
AU$4.04
+9.1%
7.1%AU$4.62AU$3.50n/a13
Oct ’25AU$3.97
AU$4.00
+0.7%
8.3%AU$4.62AU$3.28n/a15
Sep ’25AU$3.86
AU$4.00
+3.6%
8.3%AU$4.62AU$3.28n/a15
Aug ’25AU$3.77
AU$3.83
+1.6%
8.5%AU$4.55AU$3.28n/a15
Jul ’25AU$3.63
AU$3.79
+4.5%
8.8%AU$4.55AU$3.28n/a15
Jun ’25AU$3.59
AU$3.79
+5.4%
8.9%AU$4.55AU$3.28n/a15
May ’25AU$3.28
AU$3.62
+10.4%
7.0%AU$4.32AU$3.28n/a15
Apr ’25AU$3.41
AU$3.59
+5.4%
7.2%AU$4.32AU$3.28n/a14
Mar ’25AU$3.26
AU$3.62
+10.9%
7.0%AU$4.32AU$3.30n/a13
Feb ’25AU$3.23
AU$3.46
+7.2%
7.9%AU$4.21AU$3.15n/a13
Jan ’25AU$3.24
AU$3.46
+6.7%
8.3%AU$4.21AU$3.15n/a13
Dec ’24AU$2.92
AU$3.46
+18.4%
8.3%AU$4.21AU$3.15AU$3.9813
Nov ’24AU$2.72
AU$3.45
+26.8%
7.0%AU$3.98AU$3.15AU$3.7014
Oct ’24AU$2.87
AU$3.45
+20.2%
7.0%AU$3.98AU$3.15AU$3.9714
Sep ’24AU$3.06
AU$3.44
+12.4%
6.7%AU$3.98AU$3.15AU$3.8615
Aug ’24AU$2.92
AU$3.43
+17.6%
8.1%AU$4.16AU$3.15AU$3.7716
Jul ’24AU$2.85
AU$3.44
+20.8%
7.8%AU$4.16AU$3.16AU$3.6316
Jun ’24AU$2.96
AU$3.44
+16.3%
7.8%AU$4.16AU$3.16AU$3.5916
May ’24AU$3.08
AU$3.44
+11.8%
7.5%AU$4.09AU$3.16AU$3.2816
Apr ’24AU$2.87
AU$3.41
+18.9%
8.0%AU$4.01AU$2.95AU$3.4116
Mar ’24AU$3.19
AU$3.43
+7.7%
7.9%AU$4.01AU$2.95AU$3.2616
Feb ’24AU$3.06
AU$3.25
+6.1%
8.6%AU$3.97AU$2.88AU$3.2316
Jan ’24AU$2.81
AU$3.25
+15.5%
8.6%AU$3.97AU$2.88AU$3.2416
Dec ’23AU$2.82
AU$3.25
+15.1%
8.5%AU$3.88AU$2.88AU$2.9215

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 Analysis2024/12/19 08:19
End of Day Share Price 2024/12/19 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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 here.

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 .

Analyst Sources

Qube Holdings Limited is covered by 28 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
Russell WrightBarclay Pearce Capital Pty Limited
Matthew RyanBarrenjoey Markets Pty Limited
Sam ByrnesBell Potter