Qube Holdings Ltd
QUB: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$9.20 | Ldcmbfg | Msgfylpn |
Qube Earnings: Strong Momentum Likely to Moderate
Narrow-moat-rated Qube Holdings reported a strong fiscal 2024 result despite economic headwinds, given the diversified nature of its business. Underlying EBITA increased 14% to AUD 318 million and underlying net profit after tax, or NPAT, increased 15% to AUD 258 million, in line with our expectations. The dividend increased 13% to AUD 9.1 cents per share, fully franked and based on a payout ratio of 63% of earnings per share.