PREMIER INVESTMENTS LIMITED (PMV)
Share Price Analysis and Chart

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PMV - PREMIER INVESTMENTS LIMITED

FNArena Sector : Apparel & Footwear
Year End: July
GICS Industry Group : Retailing
Debt/EBITDA: 0.96
Index: ASX200 | ASX300 | ALL-ORDS

Premier Investments operates retail speciality fashion chains such as Just Jeans, Peter Alexander and Portmans, though its major growth driver has been the international expansion of Smiggle. The company is also a major shareholder in Breville Group. It listed on the ASX in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$24.42

30 Nov
2023

0.430

OPEN

$24.36

1.79%

HIGH

$24.42

282,614

LOW

$24.05

TARGET
$25.273 3.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AX1 . BBN . CCX . CTT . MOZ . MYR . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
PMV: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 170.3 147.4 xxx
DPS (cps) xxx 130.0 101.6 xxx
EPS Growth xxx - 5.1% - 13.5% xxx
DPS Growth xxx 4.0% - 21.8% xxx
PE Ratio xxx N/A 17.0 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 76.3% 69.0% xxx

Dividend yield today if purchased 3 years ago: 5.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.18

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: 20/06 - ex-div 70c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx170.3
DPS All xxxxxxxxxxxxxxx130.0
Sales/Revenue xxxxxxxxxxxxxxx1,652.5 M
Book Value Per Share xxxxxxxxxxxxxxx1,093.6
Net Operating Cash Flow xxxxxxxxxxxxxxx391.6 M
Net Profit Margin xxxxxxxxxxxxxxx16.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx15.86 %
Return on Invested Capital xxxxxxxxxxxxxxx13.85 %
Return on Assets xxxxxxxxxxxxxxx11.24 %
Return on Equity xxxxxxxxxxxxxxx15.86 %
Return on Total Capital xxxxxxxxxxxxxxx17.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx138.1 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 xxxxxxxxxxxxxxx153 M
Long Term Debt xxxxxxxxxxxxxxx346 M
Total Debt xxxxxxxxxxxxxxx499 M
Goodwill - Gross xxxxxxxxxxxxxxx477 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx418 M
Price To Book Value xxxxxxxxxxxxxxx2.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx16.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,164 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx128 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx459 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.1

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

29/09/2023

1

Overweight

$32.00

31.04%

Morgan Stanley believes Premier Investments is well placed, with a lot of levers to pull despite the outlook. FY23 results were in line with expectations and previous guidance.

If cyclical headwinds intensify, Morgan Stanley assesses the company can benefit from the acceleration in the offshore expansion of Smiggle, with a new agreement with a wholesale partner to open 60 new freestanding stores in the Middle East in the next 10 years.

The business also has a good record on cost control and there are options on the balance sheet for increasing shareholder value either via mergers and acquisitions or buybacks. Target is reduced to $32.00 from $32.25. Overweight rating retained. Industry view: In line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 100.50 cents and EPS of 155.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 106.10 cents and EPS of 163.00 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

PMV STOCK CHART

FNArena News on PMV

1
ESG Focus: The Little Big Things – 30-11-2023

Nov 30 2023 - ESG Focus
2
Australian Broker Call *Extra* Edition – Oct 04, 2023

Oct 04 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Oct 02, 2023

Oct 02 2023 - Daily Market Reports
4
FNArena Corporate Results Monitor – 29-09-2023

Sep 29 2023 - Australia
5
Australian Broker Call *Extra* Edition – Sep 25, 2023

Sep 25 2023 - Daily Market Reports

Latest Apparel & Footwear News

1
In Brief: US Banks, Insolvencies, Retail 

Mar 27 2023 - Weekly Reports
2
Oz Retailers Not All In The Same Aisle In 2023

Jan 17 2023 - Australia
3
City Chic Out Of Vogue

Nov 29 2022 - Australia
4
Baby Bunting’s Margins Go Out With The Bathwater

Oct 13 2022 - Small Caps
5
Universal Store: How Strong Are The Young?

Aug 30 2022 - Small Caps
6
Young Consumer Base Key to Universal Store

Jun 22 2022 - Australia
7
Premier Investments Offers Something For Everyone

Mar 30 2022 - Australia
8
Wesfarmers: Low In Place

Mar 22 2022 - Technicals
9
ESG Focus: Environmental Cost Of Fast Fashion

Feb 22 2022 - ESG Focus
10
Baby Bunting: A Retail Safe Haven?

Feb 15 2022 - Australia