MYER HOLDINGS LIMITED (MYR)
Share Price Analysis and Chart

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MYR - MYER HOLDINGS LIMITED

FNArena Sector : Household & Personal Products
Year End: July
GICS Industry Group : Retailing
Debt/EBITDA: 4.2
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.59

25 Sep
2023

0.000

OPEN

$0.60

0.000

HIGH

$0.60

1,198,731

LOW

$0.58

TARGET
$0.75 27.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABY . BRG . BWX . DSK . GUD . SSG . TRS .
FNARENA'S MARKET CONSENSUS FORECASTS
MYR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 7.4 5.7 xxx
DPS (cps) xxx 9.0 3.0 xxx
EPS Growth xxx 23.5% - 22.7% xxx
DPS Growth xxx 100.0% - 66.7% xxx
PE Ratio xxx N/A 10.4 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 122.1% 52.6% xxx

Dividend yield today if purchased 3 years ago: 39.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 15.25

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: 22/03 - ex-div 8c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx7.4
DPS All xxxxxxxxxxxxxxx9.0
Sales/Revenue xxxxxxxxxxxxxxx2,760.5 M
Book Value Per Share xxxxxxxxxxxxxxx29.4
Net Operating Cash Flow xxxxxxxxxxxxxxx242.4 M
Net Profit Margin xxxxxxxxxxxxxxx2.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx23.78 %
Return on Invested Capital xxxxxxxxxxxxxxx3.29 %
Return on Assets xxxxxxxxxxxxxxx2.35 %
Return on Equity xxxxxxxxxxxxxxx23.78 %
Return on Total Capital xxxxxxxxxxxxxxx10.15 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx89.4 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 xxxxxxxxxxxxxxx154 M
Long Term Debt xxxxxxxxxxxxxxx1,551 M
Total Debt xxxxxxxxxxxxxxx1,705 M
Goodwill - Gross xxxxxxxxxxxxxxx492 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx180 M
Price To Book Value xxxxxxxxxxxxxxx2.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx100.3 M
Capex % of Sales xxxxxxxxxxxxxxx3.63 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,563 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx996 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

15/09/2023

3

Hold

$0.75

27.12%

Following the release of FY23 financials, largely pre-released in early August, Ord Minnett has retained its 75c valuation and despite the shares are considered too cheaply priced, the rating remains on Hold.

FY24 will likely be challenging, suggests the broker, with sales forecast to shrink by -5%. Ord Minnett does note the first five weeks of FY24 have seen sales holding up "reasonably well".

Fashion retailing represents 60% of sales and Ord Minnett is anticipating this will prove one of the most vulnerable categories as the domestic economy slows down.

If current forecasts prove correct, Myer's net profit will fall by -32% to $48m in FY24. It appears only minimal changes have been made to estimates.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 3.00 cents and EPS of 5.70 cents.
Ord Minnett forecasts a full year FY25 dividend of 4.00 cents and EPS of 6.00 cents.
Access Stockbroker Research History >

MYR STOCK CHART

FNArena News on MYR

1
FNArena Corporate Results Monitor – 20-09-2023

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Mar 28 2023 - Australia
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Mar 27 2023 - Weekly Reports
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Mar 27 2023 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 10-03-23

Mar 14 2023 - Weekly Reports

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