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

$31.60

25 Jul
2024

-0.110

OPEN

$31.32

-0.35%

HIGH

$31.71

291,399

LOW

$31.18

TARGET
$32.20 1.9% 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 FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 170.3 169.7 xxx
DPS (cps) xxx 130.0 113.2 xxx
EPS Growth xxx - 5.1% - 0.4% xxx
DPS Growth xxx 4.0% - 12.9% xxx
PE Ratio xxx N/A 18.9 xxx
Dividend Yield xxx N/A 3.5% xxx
Div Pay Ratio(%) xxx 76.3% 66.7% xxx

Dividend yield today if purchased 3 years ago: 4.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.05

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx170.3
DPS All xxxxxxxxxxxxxxx130.0
Sales/Revenue xxxxxxxxxxxxxxx1,652.5 M
Book Value Per Share xxxxxxxxxxxxxxx1,093.6
Net Operating Cash Flow xxxxxxxxxxxxxxx391.6 M
Net Profit Margin xxxxxxxxxxxxxxx16.40 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx15.86 %
Return on Invested Capital xxxxxxxxxxxxxxx13.85 %
Return on Assets xxxxxxxxxxxxxxx11.24 %
Return on Equity xxxxxxxxxxxxxxx15.86 %
Return on Total Capital xxxxxxxxxxxxxxx17.06 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx138.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx153 M
Long Term Debt xxxxxxxxxxxxxxx346 M
Total Debt xxxxxxxxxxxxxxx499 M
Goodwill - Gross xxxxxxxxxxxxxxx477 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx418 M
Price To Book Value xxxxxxxxxxxxxxx2.03

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx16.5 M
Capex % of Sales xxxxxxxxxxxxxxx1.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,164 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx128 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx459 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

0.3

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%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

02/05/2024

3

Neutral

$31.20

-1.27%

Macquarie considers recent consumer data to assess the discretionary spening patterns of the consumer in relation to Premier Investments.

The Easter weekend is viewed as the catalyst for an incease in staple categories in the last week of the March quarter, and a sharp decline in clothing spend.

On balance, Macquarie is expecting modest discretionary spending over the 2H24 period for Premier Investments. Earnings estimates are upgraded by 6.5% and 6.8% for FY24 and FY25 post the 1H24 results.

The target price is raised to $31.20 from $26, post accounting for the valuation uplift from the potential de-merger of Smiggle and Peter Alexander,

Neutral rating.

FORECAST
Macquarie forecasts a full year FY24 dividend of 96.60 cents and EPS of 170.00 cents.
Macquarie forecasts a full year FY25 dividend of 101.00 cents and EPS of 179.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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

5

xxxx

$xx.xx

xx.xx%

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Jarden

27/06/2024

3

Neutral

$30.80

-2.53%

Myer Holdings ((MYR) has approached Premier Investments for a potential merger of its apparel business with Myer.

Jarden notes, under the proposal, the Premier Investments apparel business would be acquired by Myer in exchange for equity, leading Premier Investments shareholders to own around 70% of Myer.

Jarden envisages synergies in sourcing, leasing, data, and sales expansion, but highlights the deal is at an early stage.

More information is required before earnings forecasts are adjusted. Neutral rating and $30.80 target retained.

FORECAST
Jarden forecasts a full year FY24 dividend of 137.00 cents and EPS of 169.00 cents.
Jarden forecasts a full year FY25 dividend of 140.00 cents and EPS of 172.00 cents.

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

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