PREMIER INVESTMENTS LIMITED (PMV)
Share Price Analysis and Chart

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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

$34.21

18 Nov
2024

-0.100

OPEN

$34.27

-0.29%

HIGH

$34.64

144,632

LOW

$34.10

TARGET
$35.34 3.3% 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 161.8 169.8 xxx
DPS (cps) xxx 133.0 126.1 xxx
EPS Growth xxx - 5.0% 5.0% xxx
DPS Growth xxx 2.3% - 5.2% xxx
PE Ratio xxx N/A 20.4 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 82.2% 74.2% xxx

Dividend yield today if purchased 3 years ago: 4.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.85

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: 18/06 - ex-div 63c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 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

5
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

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

30/10/2024

-1

No Rating

-

Premier Investments will be receiving 890.5m Myer ((MYR)) shares in exchange for the sale of its Apparel Brands business.

Premier will distribute these shares to shareholders via an in-specie capital return and dividend. The company holds circa $32m of franking credits, with part of the Myer consideration including an in-specie dividend, explains the broker.

Ord Minnett is currently on research restriction for Premier Investments and offers no target or rating.

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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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

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Jarden

01/11/2024

3

Neutral

$29.50

-13.77%

The agreed sale of Premier Investments's Apparel brands to Myer ((MYR)) proved a better outcome than expected.

It is Jarden's view the deal provides significant scope for Premier Investments to re-rate further via higher contribution from Peter Alexander/Smiggle and a tax benefit via the fully-franked component of distribution of Myer shares.

Jarden sees scope for an implied Premier valuation in excess of $40, materially ahead of the broker's current $29.50 valuation, which does not reflect value of franking nor longer term rollout for PA/Smiggle, which Jarden will revisit should the UK rollout be successful.

Neutral and $29.50 target retained.

FORECAST
Jarden forecasts a full year FY25 EPS of 153.40 cents.
Jarden forecasts a full year FY26 EPS of 160.00 cents.

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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PMV STOCK CHART

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