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: 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

$21.68

16 Sep
2025

0.040

OPEN

$21.78

0.18%

HIGH

$21.78

570,483

LOW

$21.29

TARGET
$25.233 16.4% 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 FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 161.8 114.2 xxx
DPS (cps) xxx 133.0 53.3 xxx
EPS Growth xxx - 5.0% - 29.4% xxx
DPS Growth xxx 2.3% - 59.9% xxx
PE Ratio xxx N/A 18.8 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx 82.2% 46.7% xxx

Dividend yield today if purchased 3 years ago: 6.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

6.19

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

0.4

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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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

25/03/2025

1

Overweight

$29.50

36.07%

Morgan Stanley views the Premier Investments first-half result as in line with pre-guidance, with improving sales momentum at the start of 2H25.

Peter Alexander sales rose 7%, and Smiggle sales fell by -15% on a year earlier, with retail earnings before interest and tax down -16%. Global sales rose 1.8% for the first five weeks of the second half, the analyst notes.

Peter Alexander opened three stores in the UK, with a further seven targeted for launch, and Morgan Stanley sees good growth opportunities from a very fragmented market. Green shoots of a turnaround for Smiggle are starting to appear, the broker highlights.

Morgan Stanley lowers earnings before interest and tax forecasts by -4% to -6% for FY25–FY27 on lower sales and higher costs.

Overweight rating unchanged. Target price falls to $29.50 from $32. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 35.40 cents and EPS of 101.20 cents.
Morgan Stanley forecasts a full year FY26 dividend of 79.70 cents and EPS of 113.90 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$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

5.63%

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 FY25 dividend of 38.50 cents and EPS of 118.70 cents.
Petra Capital forecasts a full year FY26 dividend of 79.10 cents and EPS of 111.80 cents.

PMV STOCK CHART