Qube Holdings Ltd

QUB: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$2.10	Tpgdtp	Rzryvnxkb

Increasing Qube's FVE 5% on Likely Sale of Moorebank Warehouses; Headwinds Should Prove Temporary

Adrian Atkins

Jan 23, 2020

Narrow-moat Qube Holdings remains overvalued, currently trading at a 23% premium to our new fair value estimate of AUD 2.85, which we raised 5% after factoring in the likely sale of the Moorebank warehouses for an attractive price. Qube’s narrow economic moat is attributed to its cost advantage, which is underpinned by its scale and unique vertically integrated logistics model.

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