PREMIER INVESTMENTS LIMITED (PMV)
Share Price Analysis and Chart

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PMV

PMV - PREMIER INVESTMENTS LIMITED

FNArena Sector : Apparel & Footwear
Year End: July
GICS Industry Group : Retailing
Debt/EBITDA: 1.04
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

$19.62

26 Sep
2025

-0.720

OPEN

$20.28

-3.54%

HIGH

$20.31

444,070

LOW

$19.35

TARGET
$24.70 25.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AX1 . BBN . CCX . CTT . MYR . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
PMV: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 103.7 120.0 xxx
DPS (cps) xxx 741.2 84.3 xxx
EPS Growth xxx - 35.9% 15.7% xxx
DPS Growth xxx 100.0% - 88.6% xxx
PE Ratio xxx N/A 16.4 xxx
Dividend Yield xxx N/A 4.3% xxx
Div Pay Ratio(%) xxx 714.8% 70.3% xxx

Dividend yield today if purchased 3 years ago: 35.86%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

37.78

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: 10/12 - ex-div 70c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx103.7
DPS All xxxxxxxxxxxxxxx741.2
Sales/Revenue xxxxxxxxxxxxxxx827.8 M
Book Value Per Share xxxxxxxxxxxxxxx626.7
Net Operating Cash Flow xxxxxxxxxxxxxxx271.8 M
Net Profit Margin xxxxxxxxxxxxxxx17.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx10.29 %
Return on Invested Capital xxxxxxxxxxxxxxx8.66 %
Return on Assets xxxxxxxxxxxxxxx7.28 %
Return on Equity xxxxxxxxxxxxxxx10.29 %
Return on Total Capital xxxxxxxxxxxxxxx9.35 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx129.0 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 xxxxxxxxxxxxxxx63 M
Long Term Debt xxxxxxxxxxxxxxx189 M
Total Debt xxxxxxxxxxxxxxx252 M
Goodwill - Gross xxxxxxxxxxxxxxx198 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx333 M
Price To Book Value xxxxxxxxxxxxxxx3.30

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx31.1 M
Capex % of Sales xxxxxxxxxxxxxxx3.76 %
Cost of Goods Sold xxxxxxxxxxxxxxx570 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx93 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx372 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

0.7

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

26/09/2025

1

Buy

$23.40

19.27%

Premier Investments announced FY25 earnings (EBIT), which was below expectations by -3% according to Ord Minnett. Year-to-date sales growth was up 5% for FY26 on the prior period but tracking below forecast by around -2.5%.

Smiggle remains an underperformer as 2H25 revenue declined by -5% on the previous year, though it was an improvement from the 1H25 sales fall of -14%. Smiggle sales in A&NZ advanced 2% in FY25, whereas offshore sales fell by -19% over the period.

The analyst suggests the market has concerns around the structure of the business, while management continues to highlight the issues are execution-related, with a lack of a CEO for 15 months.

Peter Alexander generated strong 2H25 sales growth from A&NZ, while the UK operations are embryonic at only 10 months in.

The stock continues to trade at a sizable discount to the average ASX retailer. Buy rating retained. Target rises to $23.40 from $21.70.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Petra Capital

26/03/2025

3

Hold

$22.90

16.72%

Premier Investments' 1H25 retail EBIT fell -16% y/y due mainly to higher cost of doing business and a -1.8% drop in sales. 

Petra Capital notes the outlook for 2H based on the first five weeks looks positive with Peter Alexander and Smiggle sales performing well, and the outlook for Smiggle buoyed by a strong movie pipeline. On the negative side, the outlook for Smiggle offshore is uncertain and for Peter Alexander UK it is equally challenging.

The broker lowered the target price to $22.90 from $29.00 after accounting for the Apparel Brands demerger and losses at Peter Alexander UK. Rating remains at Hold.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 79.10 cents and EPS of 111.80 cents.

PMV STOCK CHART