Joseph Kusia, an analyst from Goldman Sachs, has initiated a new Buy rating on Qube Holdings Ltd. (1K1).
Joseph Kusia has given his Buy rating due to a combination of factors that highlight Qube Holdings Ltd.’s strong performance and promising future prospects. The company has shown resilience by delivering solid results in the first half of 2025, despite facing challenges such as a decline in automotive volumes and industrial action. This performance was supported by a boost from agricultural activities, which helped stabilize margins and improve earnings predictability.
Furthermore, Kusia points out that Qube’s diversification across end products, geographical locations, and customer mix contributes to its stable financial outlook. The receding Moorebank overhang, with positive cash flow from IMEX EBITDA and growing volumes, also supports this positive perspective. Additionally, the anticipated growth in agriculture and green metal sectors is expected to drive the company’s return on average capital employed (ROACE) towards its target. Despite these strengths, Qube’s valuation remains modest compared to historical averages, suggesting potential for future growth. These factors collectively underpin Kusia’s Buy rating for Qube Holdings Ltd.
According to TipRanks, Kusia is ranked #4802 out of 9400 analysts.
In another report released on February 23, Jefferies also maintained a Buy rating on the stock with a A$4.92 price target.