Humm Group Ltd
HUM: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$9.16 | Mqflg | Nhmhwhnng |
Humm: Still Sturdy Amid Headwinds
We retain our fair value estimate for no-moat Humm at AUD 0.50 per share. We expect future earnings growth to be driven by operating cost-outs and a gradual moderation in funding costs from current highs. Revenue growth—primarily driven by transaction volume growth—and stronger credit control are also expected to provide supplementary earnings support.