SUPER RETAIL GROUP LIMITED (SUL)
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SUL

SUL - SUPER RETAIL GROUP LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.64
Index: ASX200 | ASX300 | ALL-ORDS

Super Retail Group owns and operates a number of retail brands in Australia, including Rebel Sport, Supercheap Auto, Macpac and BCF. Founded in 1972, the company listed as Supercheap Auto in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.27

12 Jun
2026

-0.080

OPEN

$12.72

-0.65%

HIGH

$12.75

473,006

LOW

$12.27

TARGET
$13.683

+0.13 change from previous day

11.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AHL . AMA . AOV . APE . ARB . ASG . BAP . CAR . CMA . MTO . MXI . PWH . PWR . RPM . SFC . SNL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
SUL: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 98.2 90.2 xxx
DPS (cps) xxx 96.0 57.5 xxx
EPS Growth xxx - 7.6% - 8.2% xxx
DPS Growth xxx - 19.3% - 40.1% xxx
PE Ratio xxx N/A 14.1 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 97.7% 63.7% xxx

Dividend yield today if purchased 3 years ago: 8.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.57

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: 08/09 - ex-div 30.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx98.2
DPS All xxxxxxxxxxxxxxx96.0
Sales/Revenue xxxxxxxxxxxxxxx4,070.1 M
Book Value Per Share xxxxxxxxxxxxxxx585.1
Net Operating Cash Flow xxxxxxxxxxxxxxx513.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.45 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx16.46 %
Return on Invested Capital xxxxxxxxxxxxxxx9.62 %
Return on Assets xxxxxxxxxxxxxxx6.02 %
Return on Equity xxxxxxxxxxxxxxx16.46 %
Return on Total Capital xxxxxxxxxxxxxxx15.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx78.5 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 xxxxxxxxxxxxxxx224 M
Long Term Debt xxxxxxxxxxxxxxx1,012 M
Total Debt xxxxxxxxxxxxxxx1,236 M
Goodwill - Gross xxxxxxxxxxxxxxx530 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx63 M
Price To Book Value xxxxxxxxxxxxxxx2.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx165.7 M
Capex % of Sales xxxxxxxxxxxxxxx4.07 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,213 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,464 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx0 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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

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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Morgan Stanley

12/06/2026

5

Underweight

$11.20

-8.72%

Super Retail has announced what Morgan Stanley describes as an "ambitious" set of FY31 network targets, which infer around 3.2% group store CAGR, underpinned by circa 3% CAGR in Supercheap Auto, around 5% CAGR in Rebel and 3% in Boating, Camping and Fishing.

Management is positioning to refocus on the customer and offer, which the analyst views as the correct strategy for the retailer. Regional expansion is also a proposed area for growth, alongside brand optimisation and better store layouts.

Group unallocated costs are guided higher, above previous expectations, to over -$60m for FY27-FY29. Some circa $75m in program savings from 'Ignite' are flagged to offset the cost rises.

The target price rises to $11.20 per share from $10.90 previously. There is no change to the Underweight rating. Industry view: Cautious.

EPS forecasts are tweaked lower for FY27 and higher for FY28

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 53.00 cents and EPS of 88.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 65.00 cents and EPS of 99.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

15/06/2026

2

Overweight

$15.20

23.88%

Jarden highlights the clear strategy outlined by Super Retail, whereby it is focused on strengthening what it does well and on a lower cost base. Management also stated external opportunities were not envisaged in the near term and outlined an opportunity for around 134 more stores by FY31.

It was clear to the broker there is a medium-term opportunity to expand margins, particularly in Rebel, via better markdown management, mix and own-brand sales.

Jarden retains an Overweight rating, believing the valuation is attractive, with a strong balance sheet and brands that are gaining share. The stock is seen leveraged to a cyclical recovery and the broker raises the target to $15.20 from $14.90.

FORECAST
Jarden forecasts a full year FY26 dividend of 72.00 cents and EPS of 87.20 cents.
Jarden forecasts a full year FY27 dividend of 80.00 cents and EPS of 101.20 cents.

SUL STOCK CHART