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: 4.66
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.69

24 Mar
2025

-0.020

OPEN

$0.72

-2.82%

HIGH

$0.73

11,906,200

LOW

$0.69

TARGET
$0.955 38.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABY . AOV . BRG . DSK . SSG . TRS .
FNARENA'S MARKET CONSENSUS FORECASTS
MYR: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 5.2 3.1 xxx
DPS (cps) xxx 3.5 2.2 xxx
EPS Growth xxx - 28.9% - 40.8% xxx
DPS Growth xxx - 61.1% - 37.1% xxx
PE Ratio xxx N/A 22.3 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 66.8% 71.0% xxx

Dividend yield today if purchased 3 years ago: 6.48%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.93

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: 27/03 - ex-div 3c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx5.2
DPS All xxxxxxxxxxxxxxx3.5
Sales/Revenue xxxxxxxxxxxxxxx2,644.4 M
Book Value Per Share xxxxxxxxxxxxxxx30.7
Net Operating Cash Flow xxxxxxxxxxxxxxx250.4 M
Net Profit Margin xxxxxxxxxxxxxxx1.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx17.56 %
Return on Invested Capital xxxxxxxxxxxxxxx2.48 %
Return on Assets xxxxxxxxxxxxxxx1.64 %
Return on Equity xxxxxxxxxxxxxxx17.56 %
Return on Total Capital xxxxxxxxxxxxxxx7.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx165.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx162 M
Long Term Debt xxxxxxxxxxxxxxx1,467 M
Total Debt xxxxxxxxxxxxxxx1,629 M
Goodwill - Gross xxxxxxxxxxxxxxx492 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx176 M
Price To Book Value xxxxxxxxxxxxxxx2.69

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx79.5 M
Capex % of Sales xxxxxxxxxxxxxxx3.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,477 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,015 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 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

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

20/03/2025

2

Accumulate

$0.86

24.64%

Myer's 1H25 result was largely in line with Ord Minnett's expectations but the outlook is described as "mixed", with like-for-like sales starting stronger in 2025 but weakening in February/March.

The broker notes the delays from the national distribution centre will impact FY25 earnings, though this would become a tailwind in FY26.

The broker cut the FY25 EPS forecast by -16% on lower sales and distribution centre impact. Target price cut to 86c from 95c.

Accumulate maintained.
Access Stockbroker Research History >
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

24/03/2025

1

Buy

$1.15

66.67%

Myer's 1H result (July year-end) was slightly better-than-expected by Canaccord Genuity with sales and earnings (EBIT) "solid" in light of the macroeconomic backdrop.

Putting to one side National Distribution Centre complications and ramp-up delays, the analyst highlights flat sales and a -4% decrease in earnings compared to last year.

Management noted a 'reset' is underway to position for the future, and the broker sees scope to drive revenue synergies via cross-shop (with Apparel Brands customers) and eCommerce upsell.

While a stronger consumer and macro backdrop is not central to the broker’s medium-term forecast, it could materially contribute to earnings growth.

The Buy rating and $1.15 target are unchanged.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 3.00 cents and EPS of 5.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 3.00 cents and EPS of 5.80 cents.
Access Extra Coverage Research History >

MYR STOCK CHART

FNArena News on MYR

1
Australian Broker Call *Extra* Edition – Mar 24, 2025

Mar 24 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Mar 17, 2025

Mar 17 2025 - Daily Market Reports
3
Rudi’s View: Earnings Optimism On The Rise

Feb 05 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Feb 03, 2025

Feb 03 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jan 22, 2025

Jan 22 2025 - Daily Market Reports

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