MICHAEL HILL INTERNATIONAL LIMITED (MHJ)
Share Price Analysis and Chart

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MHJ - MICHAEL HILL INTERNATIONAL LIMITED

FNArena Sector : Luxury
Year End: June
GICS Industry Group : Consumer Durables & Apparel
Debt/EBITDA: 1.51
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.675

18 Apr
2024

0.020

OPEN

$0.66

3.05%

HIGH

$0.68

112,672

LOW

$0.65

TARGET
$0.985 45.9% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
TWE .
FNARENA'S MARKET CONSENSUS FORECASTS
MHJ: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 3.3 xxx
DPS (cps) xxx N/A 2.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 18.9 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx N/A 86.2% xxx

Dividend yield today if purchased 3 years ago: 9.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 12.20

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/03 - ex-div 1.75c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx9.2
DPS All xxxxxxxxxxxxxxx7.5
Sales/Revenue xxxxxxxxxxxxxxx629.6 M
Book Value Per Share xxxxxxxxxxxxxxx49.7
Net Operating Cash Flow xxxxxxxxxxxxxxx80.1 M
Net Profit Margin xxxxxxxxxxxxxxx5.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx18.34 %
Return on Invested Capital xxxxxxxxxxxxxxx11.63 %
Return on Assets xxxxxxxxxxxxxxx6.65 %
Return on Equity xxxxxxxxxxxxxxx18.34 %
Return on Total Capital xxxxxxxxxxxxxxx16.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx22.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx41 M
Long Term Debt xxxxxxxxxxxxxxx130 M
Total Debt xxxxxxxxxxxxxxx171 M
Goodwill - Gross xxxxxxxxxxxxxxx18 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21 M
Price To Book Value xxxxxxxxxxxxxxx1.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx34.3 M
Capex % of Sales xxxxxxxxxxxxxxx5.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx451 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx123 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

27/02/2024

1

Upgrade to Buy from Neutral

$0.92

36.30%

Citi suspects gross margins for Michael Hill may have troughed and, with a positive outlook for retail sales, could improve from here on. Sales trends could improve from FY25 as Citi's forecast for a rebound in retail expenditure materialises.

A recovery in diamond sales is anticipated and this represents 73% of the company sales from March 2022 to February 2023. There are also several growth levers including the roll-out of Bevilles and TenSevenSeven.

Rating is upgraded to Buy from Neutral and the target lifted to $0.92 from $0.86.

FORECAST
Citi forecasts a full year FY24 dividend of 1.80 cents and EPS of 2.60 cents.
Citi forecasts a full year FY25 dividend of 3.70 cents and EPS of 5.40 cents.
Access Stockbroker Research History >

MHJ STOCK CHART

FNArena News on MHJ

1
Australian Broker Call *Extra* Edition – Mar 07, 2024

Mar 07 2024 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 01-03-24

Mar 04 2024 - Weekly Reports
3
FNArena Corporate Results Monitor – 27-02-2024

Feb 27 2024 - Australia
4
Australian Broker Call *Extra* Edition – Jan 29, 2024

Jan 29 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Nov 22, 2023

Nov 22 2023 - Daily Market Reports

Latest Luxury News

1
Growth A Gem in Michael Hill’s Crown

Sep 02 2022 - Small Caps
2
Lovisa Speeds Up European Expansion

Nov 18 2020 - Small Caps
3
Lovisa Well Placed For Longer-Term Recovery

Jul 08 2020 - Small Caps
4
Lovisa’s Expansion Captivates Brokers

Oct 30 2019 - Australia
5
Offshore Markets Add Sparkle To Lovisa

Aug 26 2019 - Australia
6
Still Hope For Michael Hill

Apr 16 2019 - Small Caps
7
Subdued Outlook For Michael Hill

Jul 12 2018 - Small Caps
8
Treasure Chest: Value Emerges In Michael Hill

Apr 13 2018 - Treasure Chest
9
Michael Hill Revamps Emma & Roe

Mar 08 2018 - Small Caps
10
Lovisa To Sparkle Internationally

Sep 03 2015 - Small Caps