SHINE JUSTICE LIMITED (SHJ)
Share Price Analysis and Chart

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SHJ - SHINE JUSTICE LIMITED

FNArena Sector : Legal
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: N/A
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.70

02 Oct
2023

0.015

OPEN

$0.69

2.19%

HIGH

$0.70

2,293

LOW

$0.69

TARGET
$0.80 14.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
IPH . QIP .
FNARENA'S MARKET CONSENSUS FORECASTS
SHJ: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 1.9 14.3 xxx
DPS (cps) xxx 0.0 3.5 xxx
EPS Growth xxx - 89.5% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 4.9 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 0.0% 24.5% 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: 07/03 - ex-div 1.5c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx1.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx231.6 M
Book Value Per Share xxxxxxxxxxxxxxx-
Net Operating Cash Flow xxxxxxxxxxxxxxx-3.9 M
Net Profit Margin xxxxxxxxxxxxxxx1.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-
Return on Invested Capital xxxxxxxxxxxxxxx-
Return on Assets xxxxxxxxxxxxxxx-
Return on Equity xxxxxxxxxxxxxxx-
Return on Total Capital xxxxxxxxxxxxxxx-
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-

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 xxxxxxxxxxxxxxx-
Long Term Debt xxxxxxxxxxxxxxx-
Total Debt xxxxxxxxxxxxxxx-
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx-
Price To Book Value xxxxxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

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

Morgans

31/08/2023

1

Add

$0.80

14.29%

Morgans materially lowers its EPS forecasts for Shine Justice following FY23 results where profits were hit by provisioning of disbursement funding interest on the Ethicon case.

The broker is disappointed by the execution to-date on the operational expansion, which resulted in a meaningful cash drag over FY23.

There was no dividend as cash flow was weak, explains the broker, and net debt increased to around $43m. Management expects gross operating cash flow (GOCF) conversion of 65-70% in FY24.

Management is aiming for a cost base reset in FY24, with a full review commenced of the business and programs, with benefits expected in FY24.

Morgans target falls to 80c from $1.06. The Add rating is maintained though the broker highlights investors should be aware of higher risks surrounding liquidity and execution.

FORECAST
Morgans forecasts a full year FY24 dividend of 3.50 cents and EPS of 14.30 cents.
Morgans forecasts a full year FY25 dividend of 4.50 cents and EPS of 16.40 cents.
Access Stockbroker Research History >

SHJ STOCK CHART

FNArena News on SHJ

1
FNArena Corporate Results Monitor – 31-08-2023

Aug 31 2023 - Australia
2
Rudi’s View: February Trends, Winners, Signals & Losers

Mar 08 2023 - Rudi's View
3
FNArena Corporate Results Monitor – 28-02-2023

Feb 28 2023 - Australia
4
FNArena Corporate Results Monitor – 31-08-2022

Aug 31 2022 - Australia
5
FNArena Corporate Results Monitor – 01-03-2022

Mar 01 2022 - Australia

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