PREMIER INVESTMENTS LIMITED (PMV)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

PMV

PMV - PREMIER INVESTMENTS LIMITED

FNArena Sector : Apparel & Footwear
Year End: July
GICS Industry Group : Retailing
Debt/EBITDA: 0.96
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

$23.38

20 Feb
2025

-0.470

OPEN

$23.60

-1.97%

HIGH

$23.76

197,033

LOW

$23.28

TARGET
$29.525 26.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AX1 . BBN . CCX . CTT . MOZ . MYR . UNI .
FNARENA'S MARKET CONSENSUS FORECASTS
PMV: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 161.8 128.3 xxx
DPS (cps) xxx 133.0 92.6 xxx
EPS Growth xxx - 5.0% - 20.7% xxx
DPS Growth xxx 2.3% - 30.4% xxx
PE Ratio xxx N/A 18.3 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 82.2% 72.2% xxx

Dividend yield today if purchased 3 years ago: 4.74%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.67

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx161.8
DPS All xxxxxxxxxxxxxxx133.0
Sales/Revenue xxxxxxxxxxxxxxx1,606.8 M
Book Value Per Share xxxxxxxxxxxxxxx1,124.6
Net Operating Cash Flow xxxxxxxxxxxxxxx428.1 M
Net Profit Margin xxxxxxxxxxxxxxx16.05 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.58 %
Return on Invested Capital xxxxxxxxxxxxxxx12.22 %
Return on Assets xxxxxxxxxxxxxxx10.23 %
Return on Equity xxxxxxxxxxxxxxx14.58 %
Return on Total Capital xxxxxxxxxxxxxxx14.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx203.1 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 xxxxxxxxxxxxxxx139 M
Long Term Debt xxxxxxxxxxxxxxx340 M
Total Debt xxxxxxxxxxxxxxx478 M
Goodwill - Gross xxxxxxxxxxxxxxx477 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx409 M
Price To Book Value xxxxxxxxxxxxxxx2.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx29.2 M
Capex % of Sales xxxxxxxxxxxxxxx1.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,149 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx124 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx508 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

6
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.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

16/01/2025

3

Neutral

$29.00

24.04%

Macquarie lowers its EPS forecasts for Premier Investments across FY25 and FY26 by -12.5% and -11.8%, respectively, driven largely by a lower EBIT margin as revealed in the January 13 trading update.

The update indicated 1H sales missed the consensus forecast by -3%, with higher costs resulting in a more significant impact on the EBIT line, explains the analyst.

Apparel sales were largely in line with the broker's forecasts, suggesting weaker performance for Peter Alexander and/or Smiggle in the first half.

Macquarie continues to see headwinds for Smiggle, with customers still facing higher cost-of-living and interest rate pressures.

The target drops to $29 from $34.20 due to the broker's EPS forecast downgrades. Neutral rating is maintained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 108.00 cents and EPS of 138.50 cents.
Macquarie forecasts a full year FY26 dividend of 124.00 cents and EPS of 146.70 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Petra Capital

28/01/2025

3

Hold

$29.00

24.04%

Petra Capital notes Premier Investments' trading update on January 23 implied a weaker-than-expected 1H25 EBIT margin of 18.9% at mid-point, below its 22.7% estimate and down -500bps vs 1H24.

The broker has lowered FY25 and FY26 retail EBIT forecasts by -14.4% and -11.1% respectively. Together with a lower multiple for
Smiggle, given the brand's continued underperformance, resulted in a decline in target price to $29.00 from $33.75.

Rating remains at Hold.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 119.30 cents and EPS of 149.80 cents.
Petra Capital forecasts a full year FY26 dividend of 124.10 cents and EPS of 161.10 cents.

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

PMV STOCK CHART

FNArena News on PMV

1
Rudi’s View: Best Ideas & Conviction Calls

Feb 20 2025 - Rudi's View
2
Rudi’s View: AGL Energy, Bega Cheese, BRG, Harvey Norman, Imdex & Superloop

Feb 06 2025 - Rudi's View
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
Rudi’s View: Cochlear, Guzman y Gomez, SiteMinder, Wesfarmers & Xero

Jan 30 2025 - Rudi's View

Latest Apparel & Footwear News

1
Universal Stores Dressed For Youthful Success

Sep 25 2024 - Small Caps
2
Premier Investments: More Details Required

Sep 10 2024 - Small Caps
3
Accent Group: Ac-Cent-Tchu-Ate The Positive

Sep 10 2024 - Small Caps
4
A Premier Result, With De-Mergers Next

Mar 27 2024 - Australia
5
Accent Group: Break-Out!

Feb 13 2024 - Technicals
6
In Brief: US Banks, Insolvencies, Retail 

Mar 27 2023 - Weekly Reports
7
Oz Retailers Not All In The Same Aisle In 2023

Jan 17 2023 - Australia
8
City Chic Out Of Vogue

Nov 29 2022 - Australia
9
Baby Bunting’s Margins Go Out With The Bathwater

Oct 13 2022 - Small Caps
10
Universal Store: How Strong Are The Young?

Aug 30 2022 - Small Caps