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StubHub Holdings, Inc.

STUB·NYSE

$9.44

-0.37%
TechnologySoftware - Application

StubHub is a leading global platform for secondary ticket sales for live events, facilitating millions of tickets for sports, concerts, theater, and more across over 200 countries. Founded in 2000, it enables buyers and sellers to connect and transact tickets through its online marketplace, earning primarily through transaction fees. The platform supports various event types and offers a digital marketplace for ticket resale.

At a Glance

Live Snapshot
Market Cap$3.31B
EPS-5.7600
P/E Ratio-1.64
Earnings Date06/03/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -1.6).

Valuation inputs: P/E -1.6, earnings yield N/A, momentum -0.4%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE -98.2%, ROIC -33.7%).

Profitability stack: net margin -1.1%, ROE -98.2%, ROIC -33.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +61.6%, momentum -0.4%, net margin -1.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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StubHub Holdings, Inc. Market vs Earnings Trajectory

STUB · NYSE

Loading price and EPS data...

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StubHub Holdings, Inc. Fair Value Envelope

STUB · NYSE

Our analysis suggests that STUB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $9.44, this represents a potential HIDDEN relative to our calculated worth for StubHub Holdings, Inc..

Intrinsic Value
Current Price: $9.44
3Y+494.0%
5Y+121.0%
10Y+3288.0%
3Y+68.0%
5Y+4797.0%
10Y+725.0%
3Y+630.0%
5Y+109.0%
10Y+2983.0%
3Y-505.0%
5Y-176.0%
10Y-234.0%
3Y-484.0%
5Y-175.0%
10Y-232.0%
3Y+16.0%
5Y+4.0%
10Y+1470.0%
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StubHub Holdings, Inc. Profit Bridge

STUB · NYSE
Revenue1.75B
Cost of Goods Sold (339.59M)
Gross Profit1.41B
Operating Expenses (2.69B)
Operating Income-1.28B
Interest Expense (140.03M)
Other Income/Expense-264.60M
Pretax Income-1.55B
Income Tax (360.59M)
Net Income-1.91B
Net Income
-1.91B

Profitability Analysis

Gross Margin

80.5%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-73.4%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-109.2%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

80.54%
Gross Profit Margin
-1%
3Y-2.0%
5Y-115.0%
10Y+4.0%
-73.39%
Operating Profit Margin
-1041%
3Y+250.0%
5Y-95.0%
10Y+602.0%
-109.21%
Net Profit Margin
68977%
3Y+334.0%
5Y-96.0%
10Y+274.0%
-98.16%
Return on Equity
48208%
3Y+241.0%
5Y+59.0%
10Y-46.0%
-37.71%
Return on Assets
68465%
3Y+528.0%
5Y+101.0%
10Y+96.0%
-33.68%
Return on Invested Capital
12904%
3Y+441.0%
5Y+167.0%
10Y+21.0%
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StubHub Holdings, Inc. Cash Conversion Engine

STUB · NYSE
Net Income-1.99B
Depreciation & Amortization25.60M
Stock-Based Compensation0.00
Change in Working Capital146.98M
Others1.66B
Capital Expenditures-1.39M
Free Cash Flow191.18M

Cash Flow Quality Analysis

FCF Conversion Rate

-9.6%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

CapEx Intensity

0.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-25.1%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

+$146.98M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

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StubHub Holdings, Inc. Funding & Solvency Profile

STUB · NYSE
Cash & Cash Equivalents1.53B
Net Receivables9.62M
Inventory8.82M
Other Current Assets78.03M
Total Current Assets2 B
Property, Plant & Equipment87.34M
Goodwill & Intangible Assets3.58B
Long-Term Investments17.33M
Other Non-Current Assets40.31M
Total Non-Current Assets145 M
Total Assets
5.35B

Financial Health Analysis

Current Ratio

1.10x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Debt-to-Equity Ratio

1.65x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

150 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

30% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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StubHub Holdings, Inc. Street Expectations Map

STUB · NYSE

Wall Street analysts project that STUB stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 12.81, with estimates ranging from a low of 8.75 to a high of 18.00.

Lowest Target
8.75
-7.31%
Consensus Target
12.81
35.70%
Highest Target
18.00
90.68%

The consensus 1-year price target stands at 12.81, with estimates ranging from a low of 8.75 to a high of 18.00.

Analyst Consensus Analysis

Upside Potential

+35.7%

Substantial upside potential. Analysts see significant value gap, suggesting the stock may be materially undervalued at current levels.

Analyst Agreement

72.2% spread

High uncertainty. Very wide target spread indicates significant disagreement among analysts—major valuation uncertainty or transformation underway.

Risk-Reward Profile

12.41x

Favorable risk-reward. Potential upside significantly exceeds downside risk, offering asymmetric return profile attractive for risk-tolerant investors.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuation—proceed with caution and independent analysis.

Market Sentiment Insight

High risk, high reward: Substantial upside potential exists, but wide analyst disagreement signals execution risk or unclear catalysts. Thorough due diligence essential before committing capital.

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StubHub Holdings, Inc. Insider Positioning

STUB · NYSE

During the last 12 months, there has been no insider trading activity reported for STUB.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

No Dividend Yield Data

STUB has not reported any dividend yield values in the available annual periods.

 

stub Dividend History

STUB
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%