MYER HOLDINGS LIMITED (MYR)
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MYR - MYER HOLDINGS LIMITED

Year End: July
GICS Industry Group : Retailing
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.33

03 Mar
2021

0.010

OPEN

$0.32

3.13%

HIGH

$0.33

5,355,121

LOW

$0.32

TARGET
$0.30 -9.1% downside
Franking for last dividend paid out: 100%
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MARKET CONSENSUS FORECAST
MYR: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx - 21.0 2.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.6 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A 0.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.00

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: 27/09 - 2c

EXPERT VIEWS
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Sentiment Indicator

0.5

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Ord Minnett

11/09/2020

3

Hold

$0.20

-39.39%

Myer Holdings reported a net loss of -$11.3m for FY20 versus Ord Minnett’s estimated profit of $8m. The difference was mainly due to a worse-than-expected second-half gross margin contraction, with falling sales and rising costs. No final dividend was declared.

Ord Minnett considers the highlight to be online sales growth with Myer looking to use this to drive growth from $422m in FY20 to $1bn in the medium term.

Even with a turnaround underway and accelerating online growth, the broker considers the external environment challenging and the shape of the recovery uncertain.

Ord Minnett maintains its Hold rating with a target price of $0.20.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

FORECAST
Ord Minnett forecasts a full year FY21 dividend of 0.00 cents and EPS of 0.00 cents.
Ord Minnett forecasts a full year FY22 dividend of 0.00 cents and EPS of 2.00 cents.

MYR STOCK CHART