QAN and HUB shares: why you should take notice

The Qantas Airways Ltd (ASX:QAN) share price is up 76.4% since the start of 2024. It's probably worth asking, 'is the QAN share price good value?'

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The Qantas Airways Ltd (ASX:QAN) share price is up 76.4% since the start of 2024. Meanwhile, the Hub24 Ltd (ASX:HUB) share price is 2.1% away from its 52-week high.

QAN share price in focus

Founded in 1921, Qantas is Australia’s largest airline operator, with the biggest fleet, the most international flights, and the widest range of destinations.

The airline operates both domestic and international flights, offers freight services, and manages the popular Frequent Flyer loyalty program.

Additionally, Qantas owns Jetstar, giving it considerable pricing and market influence within the highly concentrated Australian airline industry.

HUB shares

HUB24 is a leading player in the wealth management software industry, offering diversified solutions across financial advice, superannuation, and investment management.

HUB24’s three main products are its platforms HUB24, Class, and myprosperity. The HUB24 platform is designed for financial advisers and their clients, providing access to a range of managed funds and investment products. Class is a leading software for self-managed super funds to manage portfolios, legal documentation, and compliance. myprosperity is focused on accountants and advisers, enabling them to provide an enhanced service and customer experience.

HUB24’s competitive advantage is in the quality of its service. In 2024 they’ve been awarded Overall Best Platform in the Adviser Ratings Financial Advice Landscape Report, and ranked first for Overall Satisfaction and Brand Image and Reputation in the 2024 Wealth Insights Platform Service Level Report.

QAN & HUB share price valuation

As a growth company, some of the trends we might investigate from QAN include revenue growth, profit growth, and return on equity (ROE). These measures can indicate the growth rates and prospects of the company, as well as their ability to generate returns from their assets.

Since 2021, QAN has grown revenue at a rate of 54.6% per year to reach $21,939m in FY24. Over the same stretch of time, net profit has increased from -$1,692m to $1,255m. QAN last reported a ROE of 823.0%.

Over the last 3 years, HUB has increased revenue at a rate of 44.4% per year to hit $328m in FY24. Meanwhile, net profit has increased from $10m to $47m. HUB’s last reported ROE was 9.2%.

Please keep in mind that context is important. These metrics give us some indication of company performance, but it’s just the start of valuing QAN or HUB shares. To learn more about valuation, check out one of our free online investing courses.

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