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: 1.69
Index: ASX100 | 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

$3.41

05 Jun
2023

0.050

OPEN

$3.41

1.49%

HIGH

$3.44

4,204,335

LOW

$3.39

TARGET
$3.80 11.4% 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 FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 65.1 43.1 xxx
DPS (cps) xxx 37.5 28.7 xxx
EPS Growth xxx - 3.6% - 33.8% xxx
DPS Growth xxx 7.1% - 23.5% xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 8.4% xxx
Div Pay Ratio(%) xxx 57.6% 66.5% xxx

Dividend yield today if purchased 3 years ago: 10.45%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 11.16

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: 31/03 - ex-div 13c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx65.1
DPS All xxxxxxxxxxxxxxx37.5
Sales/Revenue xxxxxxxxxxxxxxx4,143.6 M
Book Value Per Share xxxxxxxxxxxxxxx342.0
Net Operating Cash Flow xxxxxxxxxxxxxxx597.3 M
Net Profit Margin xxxxxxxxxxxxxxx19.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx19.97 %
Return on Invested Capital xxxxxxxxxxxxxxx14.93 %
Return on Assets xxxxxxxxxxxxxxx11.66 %
Return on Equity xxxxxxxxxxxxxxx19.97 %
Return on Total Capital xxxxxxxxxxxxxxx16.40 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx66.3 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx400 M
Long Term Debt xxxxxxxxxxxxxxx1,504 M
Total Debt xxxxxxxxxxxxxxx1,904 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx249 M
Price To Book Value xxxxxxxxxxxxxxx1.08

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx94.9 M
Capex % of Sales xxxxxxxxxxxxxxx2.29 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,027 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,146 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,968 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

-0.4

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

01/03/2023

3

Neutral

$3.90

14.37%

First half results were weaker than Macquarie expected. The issue centres on expenses, which are on the rise as the panademic helped sales growth with little need for marketing and promotions.

Going forward, the rising cost of living will place pressure on consumers too, so softer earnings are anticipated. Macquarie revises estimates for FY23 and FY24 down by -11.0% and -11.8%, respectively. Target is lowered to $3.90 from $4.40. Neutral maintained.

FORECAST
Macquarie forecasts a full year FY23 dividend of 28.20 cents and EPS of 42.30 cents.
Macquarie forecasts a full year FY24 dividend of 28.20 cents and EPS of 37.60 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

HVN STOCK CHART

FNArena News on HVN

1
In Brief: Banks, Beef, Housing Construction & The US Economy

Jun 02 2023 - Weekly Reports
2
The Short Report – 01 Jun 2023

Jun 01 2023 - Weekly Reports
3
Rudi’s View: US Recession Debate Is Tightening

May 17 2023 - Rudi's View
4
In Brief: Lithium, Retail & US Debt

May 12 2023 - Weekly Reports
5
The Short Report – 13 Apr 2023

Apr 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