HUB24 Limited

DB:FSB Stock Report

Market Cap: €4.1b

HUB24 Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 FSB 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: FSB (€47.81) is trading above our estimate of future cash flow value (€31.54)

Significantly Below Future Cash Flow Value: FSB is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FSB. This is calculated by dividing FSB's market cap by their current earnings.
What is FSB's PE Ratio?
PE Ratio63.3x
EarningsAU$106.02m
Market CapAU$6.71b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FSB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average36.3x
FTK flatexDEGIRO
23.7x17.43%€4.0b
T2G Tradegate Wertpapierhandelsbank
40.4xn/a€2.1b
BFV Berliner Effektengesellschaft
34.9xn/a€954.5m
JDC JDC Group
46x34.51%€298.8m
FSB HUB24
63.3x16.12%€6.7b

Price-To-Earnings vs Peers: FSB is expensive based on its Price-To-Earnings Ratio (63.3x) compared to the peer average (36x).

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 FSB's PE Ratio compare vs other companies in the DE Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
FSB 63.3xIndustry Avg. 14.5xNo. of Companies9PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: FSB is expensive based on its Price-To-Earnings Ratio (63.3x) compared to the German Capital Markets industry average (14.3x).

Price to Earnings Ratio vs Fair Ratio

What is FSB'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.

FSB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio63.3x
Fair PE Ratio28.7x

Price-To-Earnings vs Fair Ratio: FSB is expensive based on its Price-To-Earnings Ratio (63.3x) compared to the estimated Fair Price-To-Earnings Ratio (28.7x).

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 FSB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€47.81
€60.21
+25.94%
19.65%€80.22€29.15n/a17
Jul ’27€44.39
€60.19
+35.60%
19.67%€80.04€29.08n/a17
Jun ’27€50.37
€62.03
+23.16%
19.39%€81.35€29.56n/a17
May ’27€48.59
€61.96
+27.54%
19.51%€81.03€29.44n/a17
Apr ’27€50.00
€64.25
+28.50%
21.28%€86.23€28.68n/a17
Mar ’27€58.00
€65.67
+13.22%
20.85%€86.36€28.73n/a16
Feb ’27€58.00
€62.57
+7.88%
20.61%€80.32€26.17n/a17
Jan ’27€52.50
€60.50
+15.24%
20.88%€74.74€25.38n/a17
Dec ’26€53.50
€60.44
+12.98%
20.88%€74.67€25.36n/a17
Nov ’26€62.50
€60.59
-3.06%
22.24%€75.48€25.16n/a16
Oct ’26n/a
€57.10
0%
21.76%€71.03€23.68n/a17
Sep ’26n/a
€55.19
0%
21.87%€69.16€23.24n/a16
Aug ’26n/a
€48.57
0%
26.24%€64.13€22.31n/a16
Jul ’26n/a
€38.67
0%
22.49%€47.38€17.68€44.3915
Jun ’26n/a
€38.77
0%
22.08%€48.21€17.58€50.3716
May ’26n/a
€37.90
0%
21.67%€47.54€17.34€48.5916
Apr ’26n/a
€45.27
0%
23.92%€56.63€18.27€50.0017
Mar ’26n/a
€45.27
0%
23.92%€56.63€18.27€58.0017
Feb ’26n/a
€39.87
0%
21.36%€48.14€17.45€58.0017
Jan ’26n/a
€37.04
0%
22.57%€46.55€17.88€52.5017
Dec ’25n/a
€37.04
0%
22.57%€46.55€17.88€53.5017
Nov ’25n/a
€35.43
0%
21.32%€45.18€17.85€62.5017
Oct ’25n/a
€30.11
0%
18.60%€38.34€16.70n/a16
Sep ’25n/a
€28.34
0%
18.78%€35.67€16.32n/a17
Aug ’25n/a
€26.19
0%
17.13%€32.19€15.73n/a17
Jul ’25n/a
€25.24
0%
15.00%€32.98€16.12n/a17
€57.79
Fair Value
17.3% undervalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/08 17:40
End of Day Share Price 2026/07/08 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

HUB24 Limited is covered by 25 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Hayden NicholsonBell Potter
Freya KongBofA Global Research