HARVEY NORMAN HOLDINGS LIMITED (HVN)
Share Price Analysis and Chart

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HVN

HVN - HARVEY NORMAN HOLDINGS LIMITED

FNArena Sector : Consumer Electronics
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.55
Index: ASX200 | ASX300 | ALL-ORDS

Harvey Norman is a multinational retailer of household products, electronics and consumer electrical goods. The present company formed in 1982 and listed on the ASX in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.89

29 Aug
2025

0.710

OPEN

$6.70

11.49%

HIGH

$7.09

5,405,368

LOW

$6.66

TARGET
$6.592

+1.22 change from previous day

 -4.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMS . AUA . JBH .
FNARENA'S MARKET CONSENSUS FORECASTS
HVN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 41.6 39.0 xxx
DPS (cps) xxx 26.5 29.5 xxx
EPS Growth xxx 46.9% - 6.2% xxx
DPS Growth xxx 20.5% 11.2% xxx
PE Ratio xxx N/A 19.2 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 63.7% 75.6% xxx

Dividend yield today if purchased 3 years ago: 6.32%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.54

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: 15/10 - ex-div 12c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx41.6
DPS All xxxxxxxxxxxxxxx26.5
Sales/Revenue xxxxxxxxxxxxxxx4,121.5 M
Book Value Per Share xxxxxxxxxxxxxxx385.5
Net Operating Cash Flow xxxxxxxxxxxxxxx694.3 M
Net Profit Margin xxxxxxxxxxxxxxx12.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx11.14 %
Return on Invested Capital xxxxxxxxxxxxxxx8.03 %
Return on Assets xxxxxxxxxxxxxxx6.36 %
Return on Equity xxxxxxxxxxxxxxx11.14 %
Return on Total Capital xxxxxxxxxxxxxxx10.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx211.7 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 xxxxxxxxxxxxxxx744 M
Long Term Debt xxxxxxxxxxxxxxx1,552 M
Total Debt xxxxxxxxxxxxxxx2,296 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx280 M
Price To Book Value xxxxxxxxxxxxxxx1.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx183.6 M
Capex % of Sales xxxxxxxxxxxxxxx4.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,204 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,201 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx4,724 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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

01/09/2025

5

Underweight

$4.80

-30.33%

Management at Harvey Norman expects a refresh cycle in FY26 as the 2020/2021 covid spending wave flows through, particularly in electrical and outdoor furniture, with outdoor kitchens also gaining traction.

A broader consumer up-cycle is anticipated by the company within one to two years, supported by improving confidence from mid-tier customers, highlights Morgan Stanley.

Competitive intensity remains stable, with event sales driving high consumer awareness and a focus on maintaining market share, explain the analysts. 

UK losses are set to continue in FY26 due to new store openings, notes the broker, though management expects moderation in FY27 as existing stores ramp up. 

Target $4.80. Industry View: In-line.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

15/07/2025

2

Overweight

$5.40

-21.63%

In an update on furniture and home stocks, Jarden notes online continues to outperform. Turnover was down -5.1% in 2025 year-to-date, with homeware likely outperforming while furniture sales may be mixed.

The broker notes discounting was deeper and broader than in previous years, but expects pricing to become more rational in FY26.

The broker sees upside risk for Harvey Norman going into the FY25 reporting season due mainly to tailwinds from electronics replacement cycle. No change to forecasts.

Overweight. Target price $5.40.

FORECAST
Jarden forecasts a full year FY26 dividend of 32.00 cents and EPS of 41.20 cents.
Access Extra Coverage Research History >

HVN STOCK CHART

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