MYER HOLDINGS LIMITED (MYR)
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MYR

MYR - MYER HOLDINGS LIMITED

FNArena Sector : Household & Personal Products
Year End: July
GICS Industry Group : Retailing
Debt/EBITDA: -77.85
Index: ALL-ORDS

Myer is a retail group operating department stores and specialty apparel brands across Australia and New Zealand.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.215

03 Nov
2026

0.015

OPEN

$0.20

7.50%

HIGH

$0.22

10,789,966

LOW

$0.20

TARGET
$0.275 27.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABY . AOV . BRG . DSK . SSG .
FNARENA'S MARKET CONSENSUS FORECASTS
MYR: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 16.0 3.3 xxx
DPS (cps) xxx 1.5 1.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 40.0% - 33.3% xxx
PE Ratio xxx N/A 6.7 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx N/A 30.3% xxx

Dividend yield today if purchased 3 years ago: 2.80%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.82

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: 08/04 - ex-div 1.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic 5.76.07.45.2-16.5-16.0
DPS All 0.04.09.03.52.51.5
Sales/Revenue 2,250.1 M2,502.0 M2,760.5 M2,644.4 M3,008.7 M3,369.0 M
Book Value Per Share 27.732.629.430.751.534.1
Net Operating Cash Flow 277.3 M275.4 M242.4 M250.4 M253.3 M263.2 M
Net Profit Margin 2.06 %1.96 %2.19 %1.64 %-7.02 %-8.21 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed 23.14 %19.83 %23.78 %17.56 %-36.87 %-37.36 %
Return on Invested Capital 2.53 %2.61 %3.29 %2.48 %-10.55 %-13.53 %
Return on Assets 1.83 %1.90 %2.35 %1.64 %-6.55 %-8.25 %
Return on Equity 23.14 %19.83 %23.78 %17.56 %-36.87 %-37.36 %
Return on Total Capital 5.37 %7.72 %10.15 %7.96 %-5.76 %-12.81 %
Free Cash Flow ex dividends 239.4 M223.3 M89.4 M165.2 M187.4 M197.0 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 202120222023202420252026
Short-Term Debt 156 M144 M154 M162 M238 M247 M
Long Term Debt 1,646 M1,613 M1,551 M1,467 M1,391 M1,217 M
Total Debt 1,802 M1,757 M1,705 M1,629 M1,629 M1,464 M
Goodwill - Gross 492 M492 M492 M492 M1,084 M1,111 M
Cash & Equivalents - Generic 179 M244 M180 M176 M167 M100 M
Price To Book Value 1.791.442.212.691.190.73

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex 57.0 M68.5 M100.3 M79.5 M59.8 M52.7 M
Capex % of Sales 2.53 %2.74 %3.63 %3.01 %1.99 %1.56 %
Cost of Goods Sold 1,226 M1,385 M1,563 M1,477 M1,628 M1,791 M
Selling, General & Admin. Exp & Other 915 M961 M996 M1,015 M1,508 M1,871 M
Research & Development ------
Investments - Total 1 M0 M0 M1 M0 M0 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

1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Morgan Stanley

24/09/2026

1

Overweight

$0.29

34.88%

Myer announced FY26 results which were in line with pre-guided financial metrics, largely except NPAT was a slight miss, Morgan Stanley points out.

Consensus 1H27 expectation of Myer retail sales growth of -0.7% compared to the trading update of -1.9% and apparel brands trading update was -6%, versus expectation of -2%.

The analyst notes more promotional activity has not been enough to offset ongoing weakness from the consumer.

Management noted "trading through the early part of FY27 has remained uneven". August conditions were soft with an improvement through September.

FY27 outlook indicated cost of doing business around 29% of sales and in line with consensus, where sales momentum is lower than consensus expectation.

Target $0.29. Overweight. Industry View: Cautious.

FORECAST
Morgan Stanley forecasts a full year FY27 EPS of 3.60 cents.
Morgan Stanley forecasts a full year FY28 EPS of 4.50 cents.

Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

29/07/2026

1

Buy

$0.53

146.51%

Canaccord Genuity maintains a Buy rating for Myer with its target price lowered to $0.53 from $0.63 following an unaudited full-year trading update through 25 July 2026.

Group sales for the full year reached $4,089m, up 0.3% on a pro forma basis, as late-period promotional activity failed to offset weaker consumer sentiment in June and July.

Management expects operating gross profit between $1,601m and $1,607m, reflecting an operating gross profit margin contraction of approximately 100bps versus the prior corresponding period.

To incorporate weaker trading trends, the analyst reduces FY26 net profit after tax estimates by 29% and FY27 forecasts by 26%.

Ongoing execution across strategic initiatives, strong loyalty programme engagement, and a net cash balance sheet support the long-term investment thesis.
Access Extra Coverage Research History >

MYR STOCK CHART

FNArena News on MYR

1
Rudi’s View: Optimism Up, Headwinds Remain

10:00 AM - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 25-09-26

Sep 28 2026 - Weekly Reports
3
FNArena Corporate Results Monitor – 25-09-2026

Sep 25 2026 - Australia
4
Universal Store Primed For Strong Growth

Aug 24 2026 - Small Caps
5
Rudi’s View: Beats, Misses And Early AI Signals

Aug 19 2026 - Rudi's View

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