PREMIER INVESTMENTS LIMITED (PMV)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

PMV - PREMIER INVESTMENTS LIMITED

FNArena Sector : Apparel & Footwear
Year End: July
GICS Industry Group : Retailing
Debt/EBITDA: 0.96
Index: ASX200 | ASX300 | ALL-ORDS

Premier Investments operates retail speciality fashion chains such as Just Jeans, Peter Alexander and Portmans, though its major growth driver has been the international expansion of Smiggle. The company is also a major shareholder in Breville Group. It listed on the ASX in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$29.81

07 May
2024

0.500

OPEN

$29.52

1.71%

HIGH

$29.82

344,653

LOW

$29.18

TARGET
$31.95 7.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AX1 . BBN . CCX . CTT . MOZ . MYR . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
PMV: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 169.9 xxx
DPS (cps) xxx N/A 113.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 17.6 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx N/A 66.8% xxx

Dividend yield today if purchased 3 years ago: 5.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.34

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: 09/01 - ex-div 60c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx170.3
DPS All xxxxxxxxxxxxxxx130.0
Sales/Revenue xxxxxxxxxxxxxxx1,652.5 M
Book Value Per Share xxxxxxxxxxxxxxx1,093.6
Net Operating Cash Flow xxxxxxxxxxxxxxx391.6 M
Net Profit Margin xxxxxxxxxxxxxxx16.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx15.86 %
Return on Invested Capital xxxxxxxxxxxxxxx13.85 %
Return on Assets xxxxxxxxxxxxxxx11.24 %
Return on Equity xxxxxxxxxxxxxxx15.86 %
Return on Total Capital xxxxxxxxxxxxxxx17.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx138.1 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 xxxxxxxxxxxxxxx153 M
Long Term Debt xxxxxxxxxxxxxxx346 M
Total Debt xxxxxxxxxxxxxxx499 M
Goodwill - Gross xxxxxxxxxxxxxxx477 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx418 M
Price To Book Value xxxxxxxxxxxxxxx2.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx16.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,164 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx128 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx459 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

27/03/2024

3

Upgrade to Neutral from Sell

$31.00

3.99%

Premier Investments delivered 1H earnings (EBIT) of $209.8m, exceeding forecasts by consensus, UBS and also beating management guidance for around $200m. The broker upgrades to Neutral from Sell and the target rises to $31 from $27.

Even though sales growth missed expectations held by the broker and consensus, higher gross margins and good management of cost-of-doing-business (CODB) won the day, explains the analyst.

UBS is now more confident of earnings margin expansion beyond FY24, given a change in channel and brand mix along with the sound
cost-of-goods sold (COGS) and CODB management.

The company is working towards a demerger of Smiggle into a separately listed entity by January 2025, and is exploring a demerger of Peter Alexander into a separately listed entity during 2025.

FORECAST
UBS forecasts a full year FY24 dividend of 130.00 cents and EPS of 176.00 cents.
UBS forecasts a full year FY25 dividend of 143.00 cents and EPS of 195.00 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

5

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 >

PMV STOCK CHART

FNArena News on PMV

1
Rudi’s View: Investor Worries, Gold, Westpac, and Conviction Buys

Apr 03 2024 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 28-03-24

Apr 02 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Mar 28, 2024

Mar 28 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 28-03-2024

Mar 28 2024 - Australia
5
In Brief: M&A Beneficiaries, Retail, Optus, World Trade & Mortgage Stress

Mar 28 2024 - Weekly Reports

Latest Apparel & Footwear News

1
A Premier Result, With De-Mergers Next

Mar 27 2024 - Australia
2
Accent Group: Break-Out!

Feb 13 2024 - Technicals
3
In Brief: US Banks, Insolvencies, Retail 

Mar 27 2023 - Weekly Reports
4
Oz Retailers Not All In The Same Aisle In 2023

Jan 17 2023 - Australia
5
City Chic Out Of Vogue

Nov 29 2022 - Australia
6
Baby Bunting’s Margins Go Out With The Bathwater

Oct 13 2022 - Small Caps
7
Universal Store: How Strong Are The Young?

Aug 30 2022 - Small Caps
8
Young Consumer Base Key to Universal Store

Jun 22 2022 - Australia
9
Premier Investments Offers Something For Everyone

Mar 30 2022 - Australia
10
Wesfarmers: Low In Place

Mar 22 2022 - Technicals