HARVEY NORMAN HOLDINGS LIMITED (HVN)
Share Price Analysis and Chart

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HVN - HARVEY NORMAN HOLDINGS LIMITED

FNArena Sector : Consumer Electronics
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.32
Index: ASX200 | ASX300 | ALL-ORDS

Harvey Norman is a multinational retailer of household products, electronics and consumer electrical goods. The present company formed in 1982 and listed on the ASX in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.78

05 Dec
2023

-0.030

OPEN

$3.80

-0.79%

HIGH

$3.80

1,221,247

LOW

$3.74

TARGET
$3.91 3.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMS . AUA . JBH .
FNARENA'S MARKET CONSENSUS FORECASTS
HVN: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 43.3 29.4 xxx
DPS (cps) xxx 25.0 23.1 xxx
EPS Growth xxx - 33.5% - 32.0% xxx
DPS Growth xxx - 33.3% - 7.5% xxx
PE Ratio xxx N/A 13.2 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 57.7% 78.5% xxx

Dividend yield today if purchased 3 years ago: 5.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.44

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: 13/10 - ex-div 12c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx43.3
DPS All xxxxxxxxxxxxxxx25.0
Sales/Revenue xxxxxxxxxxxxxxx3,983.7 M
Book Value Per Share xxxxxxxxxxxxxxx355.6
Net Operating Cash Flow xxxxxxxxxxxxxxx680.3 M
Net Profit Margin xxxxxxxxxxxxxxx13.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.41 %
Return on Invested Capital xxxxxxxxxxxxxxx8.88 %
Return on Assets xxxxxxxxxxxxxxx7.23 %
Return on Equity xxxxxxxxxxxxxxx12.41 %
Return on Total Capital xxxxxxxxxxxxxxx12.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx112.6 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 xxxxxxxxxxxxxxx218 M
Long Term Debt xxxxxxxxxxxxxxx1,961 M
Total Debt xxxxxxxxxxxxxxx2,179 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx219 M
Price To Book Value xxxxxxxxxxxxxxx0.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx187.7 M
Capex % of Sales xxxxxxxxxxxxxxx4.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,045 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,161 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,253 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

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

30/10/2023

3

Neutral

$3.80

0.53%

Harvey Norman's market update is showing market conditions remain tough, Macquarie suggests. Offshore sales are equally under pressure, though store rollouts in Malaysia continue.

The pre-tax profit dived by -49% in Q1 though the shares should be supported by the newly announced share buyback, suggests the broker.

Earnings estimates have been reduced. This has pulled back the broker's price target by -5% to $3.80. Neutral.

FORECAST
Macquarie forecasts a full year FY24 dividend of 24.50 cents and EPS of 28.60 cents.
Macquarie forecasts a full year FY25 dividend of 27.50 cents and EPS of 32.40 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

HVN STOCK CHART

FNArena News on HVN

1
Rudi’s View: Bear&Bull Market To Continue (?) In 2024

9:59 AM - Rudi's View
2
Australian Broker Call *Extra* Edition – Nov 08, 2023

Nov 08 2023 - Daily Market Reports
3
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 03-11-23

Nov 06 2023 - Weekly Reports
5
In Brief: Retail Picks, Energy & Banks

Oct 13 2023 - Weekly Reports

Latest Consumer Electronics News

1
JB Hi-Fi: How Resilient To Spending Slowdown?

Aug 18 2022 - Australia
2
JB Hi-Fi Beats, But What About Next Year?

Jul 20 2022 - Australia
3
JB Hi-Fi: Looking Grim

May 10 2022 - Technicals
4
Capital Management Upside For JB Hi-Fi?

Jan 19 2022 - Australia
5
JB Hi-Fi: One To Watch

Nov 23 2021 - Technicals
6
Harvey Norman On The Move

Jul 06 2021 - Technicals
7
Will Harvey Norman’s Purple Patch Prevail?

Mar 01 2021 - Australia
8
JB Hi-Fi: Buying Opportunity

Feb 16 2021 - Technicals
9
Treasure Chest: Home At The Heart Of JB Hi-Fi

Dec 16 2020 - Treasure Chest
10
Harvey Norman: On The Move

Aug 04 2020 - Technicals