NICK SCALI LIMITED (NCK)
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NCK

NCK - NICK SCALI LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.04
Index: ASX200 | ASX300 | ALL-ORDS

Nick Scali is an Australian importer and retailer of household furniture through a chain of stores across Australia. Founded in 1962 the company listed on the ASX in 2004. Core brands include Nick Scali Furniture, Nick Scali Online, Sofas2Go and Plush.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$23.69

08 Jan
2026

0.340

OPEN

$23.38

1.46%

HIGH

$23.69

226,167

LOW

$23.14

TARGET
$26.038

+0.27 change from previous day

 9.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ADH . BLX . GWA . HVN . JBH . JYC . REH . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
NCK: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 67.5 90.9 xxx
DPS (cps) xxx 63.0 68.0 xxx
EPS Growth xxx - 31.6% 34.6% xxx
DPS Growth xxx - 7.4% 7.9% xxx
PE Ratio xxx N/A 26.2 xxx
Dividend Yield xxx N/A 2.9% xxx
Div Pay Ratio(%) xxx 93.3% 74.8% xxx

Dividend yield today if purchased 3 years ago: 5.60%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.64

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: 01/10 - ex-div 33.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx67.5
DPS All xxxxxxxxxxxxxxx63.0
Sales/Revenue xxxxxxxxxxxxxxx495.3 M
Book Value Per Share xxxxxxxxxxxxxxx311.8
Net Operating Cash Flow xxxxxxxxxxxxxxx111.3 M
Net Profit Margin xxxxxxxxxxxxxxx11.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx21.99 %
Return on Invested Capital xxxxxxxxxxxxxxx10.85 %
Return on Assets xxxxxxxxxxxxxxx8.18 %
Return on Equity xxxxxxxxxxxxxxx21.99 %
Return on Total Capital xxxxxxxxxxxxxxx17.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx43.9 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx57 M
Long Term Debt xxxxxxxxxxxxxxx259 M
Total Debt xxxxxxxxxxxxxxx316 M
Goodwill - Gross xxxxxxxxxxxxxxx127 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx101 M
Price To Book Value xxxxxxxxxxxxxxx5.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx14.6 M
Capex % of Sales xxxxxxxxxxxxxxx2.94 %
Cost of Goods Sold xxxxxxxxxxxxxxx321 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx73 M
Research & Development xxxxxxxxxxxxxxx0 M
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

0.5

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

28/11/2025

1

Initiation of coverage with Buy

$27.00

13.97%

Bell Potter has initiated coverage of Nick Scali with a Buy rating and a target price of $27.

The company is a major Australian mid-to-upper market furniture retailer, expanding globally through the UK. Management guided to strong 1H26 A&NZ revenue growth of 7-9% and group net profit of $33-35m, and the broker's forecast is near mid-point.

The UK is the biggest growth lever, with an estimated 60-store long-term potential, three times the current footprint, and gaining early product traction.

The broker reckons the company's stable core share should help weather macro softness, while Plush expansion in Australia and a bigger UK runway provide strong long-term growth drivers.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 62.30 cents and EPS of 89.00 cents.
Bell Potter forecasts a full year FY27 dividend of 77.60 cents and EPS of 110.80 cents.

Ord Minnett

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

11/08/2025

2

Upgrade to Overweight from Neutral

$20.68

-12.71%

Jarden raises its target for Nick Scali to $20.68 from $17.71 and upgrades to Overweight from Neutral following FY25 results and a trading update.

The FY25 A&NZ performance exceeded the broker's expectations and UK gross margins are tracking ahead of plan, helping offset a slower UK sales ramp.

Group FY25 earnings (EBITDA) missed consensus by around -1%, but A&NZ earnings beat by circa 4% on stronger opex control and a small revenue beat.

A&NZ order momentum is solid, highlight the analysts, with 2H25 written sales orders up 7.3% year-on-year and July up 7.7%, though store rollout guidance of 48 sites by June next year is slightly below consensus.

In the UK, sales remain around -50% below the consensus estimate due to refurbishments and staffing gaps, explains the broker, but 2H25 gross profit margins were around 400bps above consensus.

FY26 guidance for gross profit margins is for between 57–59%, with potential to reach 60% from FY27.

Jarden lifts A&NZ earnings (EBIT) forecasts by 8–13% across FY26–28 on strong revenue momentum and disciplined cost control, partly offset by UK earnings downgrades on a slower sales uplift.

Risks include promotional intensity, macro conditions, and UK execution, cautions the broker.

FORECAST
Jarden forecasts a full year FY26 EPS of 85.20 cents.
Jarden forecasts a full year FY27 EPS of 99.80 cents.
Access Extra Coverage Research History >

NCK STOCK CHART

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Latest Furniture & Renovation News

1
Strong Momentum Underpins Nick Scali’s FY26

Aug 12 2025 - Australia
2
Reece Battling Tariffs, Competition & Cost Crises

Jul 01 2025 - Australia
3
New Broom Clearing The Decks For Adairs

Jun 25 2025 - Small Caps
4
Nick Scali’s Margin & UK Opportunity Excites

Feb 21 2025 - Small Caps
5
Temple & Webster Embraces The Future

Feb 20 2025 - Small Caps
6
Nick Scali’s Transitory Freight Headwind

Oct 24 2024 - Small Caps
7
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
8
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
9
Nick Scali Worth Watching

Dec 20 2022 - Technicals
10
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest