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

$15.22

05 Dec
2025

-2.870

OPEN

$18.20

-15.87%

HIGH

$18.20

2,506,435

LOW

$15.01

TARGET
$20.40

-3.38 change from previous day

 34.0% 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 103.7 102.1 xxx
DPS (cps) xxx 741.2 76.1 xxx
EPS Growth xxx - 35.9% - 1.6% xxx
DPS Growth xxx 100.0% - 89.7% xxx
PE Ratio xxx N/A 15.0 xxx
Dividend Yield xxx N/A 5.0% xxx
Div Pay Ratio(%) xxx 714.8% 74.5% xxx

Dividend yield today if purchased 3 years ago: 29.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 48.29

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 86.9171.2179.4170.3161.8103.7
DPS All 70.080.0125.0130.0133.0741.2
Sales/Revenue 1,218.4 M1,443.9 M1,498.5 M1,652.5 M1,606.8 M827.8 M
Book Value Per Share 848.9964.91,055.11,093.61,124.6626.7
Net Operating Cash Flow 497.8 M395.7 M368.3 M391.6 M428.1 M271.8 M
Net Profit Margin 11.31 %18.83 %19.03 %16.40 %16.05 %17.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed 10.22 %18.88 %17.77 %15.86 %14.58 %10.29 %
Return on Invested Capital 8.81 %16.49 %16.22 %13.85 %12.22 %8.66 %
Return on Assets 6.94 %12.13 %12.44 %11.24 %10.23 %7.28 %
Return on Equity 10.22 %18.88 %17.77 %15.86 %14.58 %10.29 %
Return on Total Capital 11.97 %17.96 %17.73 %17.06 %14.80 %9.35 %
Free Cash Flow ex dividends 431.9 M227.7 M213.4 M138.1 M203.1 M129.0 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 189 M228 M158 M153 M139 M63 M
Long Term Debt 261 M156 M150 M346 M340 M189 M
Total Debt 451 M384 M308 M499 M478 M252 M
Goodwill - Gross 477 M477 M477 M477 M477 M198 M
Cash & Equivalents - Generic 449 M523 M471 M418 M409 M333 M
Price To Book Value 2.072.781.992.032.863.30

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex 7.6 M3.0 M8.9 M16.5 M29.2 M31.1 M
Capex % of Sales 0.62 %0.21 %0.59 %1.00 %1.81 %3.76 %
Cost of Goods Sold 939 M1,028 M1,045 M1,164 M1,149 M570 M
Selling, General & Admin. Exp & Other 82 M82 M108 M128 M124 M93 M
Research & Development ------
Investments - Total 276 M335 M388 M459 M508 M372 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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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

08/12/2025

1

Overweight

$20.60

35.35%

Premier Investments' 1H26 underlying retail EBIT guidance of $120m (pre-AASB-16) missed Morgan Stanley's forecast by around -10%. The broker notes the soft guidance was driven by Smiggle UK.

The broker highlights weak Smiggle sale outlook suggests consolidation hasn’t fixed underperformance, and the lack of a permanent MD is delaying recovery. FY26 like-for-like (LFL) Smiggle growth forecast cut by -10% and GP margin estimate trimmed by -100bps on heavier promos.

Peter Alexander (PA) remains strong, delivering record Black Friday sales and is expected to post 5% LFL growth in 1H26, but easing to 3% in 2H26 on tougher comps.

Despite the Smiggle uncertainty, Overweight rating remains. Target trimmed to $20.60 from $24.00 as the multiple drops to 17x from 20x. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 67.40 cents and EPS of 96.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 73.50 cents and EPS of 105.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$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

Petra Capital

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

25/09/2025

3

Neutral

$21.30

39.95%

Premier Investments' FY25 were in line with expectations albeit "soft," according to Jarden, with retail earnings (EBIT) down circa -18%, a slight miss on consensus.

Gross margins fell -142bps on the prior year due to promotions and weakness in Smiggle. The analyst sees a more positive outlook for Peter Alexander, with year-to-date sales up 9% and 8% ex-UK.

Jarden lowers its FY26 net profit after tax forecast by -9% on weaker assumed gross margins with ongoing underperformance at Smiggle and higher costs. From FY26-FY29, the analyst estimates EPS growth to compound at 12% per annum on average.

Target moves to $21.30 from $21.70 with a Neutral rating retained.

FORECAST
Jarden forecasts a full year FY26 EPS of 102.60 cents.
Jarden forecasts a full year FY27 EPS of 116.40 cents.
Access Extra Coverage Research History >

PMV STOCK CHART

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