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

$4.50

27 Aug
2026

-0.100

OPEN

$4.58

-2.17%

HIGH

$4.60

2,185,247

LOW

$4.49

TARGET
$4.958 10.2% upside
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 37.0 xxx
DPS (cps) xxx 26.5 28.2 xxx
EPS Growth xxx 46.9% - 11.1% xxx
DPS Growth xxx 20.5% 6.4% xxx
PE Ratio xxx N/A 12.0 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 63.7% 76.3% xxx

Dividend yield today if purchased 3 years ago: 6.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.00

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: 01/04 - ex-div 14.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx42.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx4,313.2 M
Book Value Per Share xxxxxxxxxxxxxxx393.0
Net Operating Cash Flow xxxxxxxxxxxxxxx537.2 M
Net Profit Margin xxxxxxxxxxxxxxx12.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx10.90 %
Return on Invested Capital xxxxxxxxxxxxxxx8.04 %
Return on Assets xxxxxxxxxxxxxxx6.14 %
Return on Equity xxxxxxxxxxxxxxx10.90 %
Return on Total Capital xxxxxxxxxxxxxxx10.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx25.4 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx697 M
Long Term Debt xxxxxxxxxxxxxxx1,888 M
Total Debt xxxxxxxxxxxxxxx2,586 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx299 M
Price To Book Value xxxxxxxxxxxxxxx1.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx150.5 M
Capex % of Sales xxxxxxxxxxxxxxx3.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,295 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,237 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,060 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

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

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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Morgan Stanley

10/06/2026

3

Equal-weight

$4.70

4.44%

Morgan Stanley's AlphaWise survey flags a resilient, albeit selective, consumer with expenditure shifting towards essentials, value and convenience.

Grocery remains the clear positive expenditure category and value-seeking is intensifying with Aldi gaining share and private labels remaining a major trading-down beneficiary.

The main shift the broker observes is that consumers are no longer simply cutting back but are actively switching or trading down as well as changing where they shop.

Discretionary retailers remain exposed to deferral risk and promotional pressure, the broker adds. Equal-weight rating retained for Harvey Norman. Target is $4.70. Industry View: Cautious.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 27.00 cents and EPS of 35.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 28.00 cents and EPS of 36.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

(xx/xx/xxxx)

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

29/04/2026

2

Overweight

$6.60

46.67%

Jarden observes like-for-like sales growth has started to slow for retailers amid cost pressures that are building.

The broker attempts to quantify the FY27 outlook for sales, gross margins and the cost of doing business as well as to assess just how much negativity is already priced into small-cap retail valuations.

Jarden concludes that valuations are now discounting a meaningful FY27 downturn and higher costs growth, so the risk/reward has improved and investors should start to become less bearish about the sector.

The broker remains cautious, as prior cycles have signalled like-for-like sales could fall more than currently priced in, and for a longer duration than 12 months. Target of $6.60 and Overweight rating are kept for Harvey Norman.

FORECAST
Jarden forecasts a full year FY26 dividend of 26.00 cents and EPS of 37.50 cents.
Jarden forecasts a full year FY27 dividend of 29.00 cents and EPS of 42.90 cents.
Access Extra Coverage Research History >

HVN STOCK CHART

FNArena News on HVN

1
FNArena Corporate Results Monitor – 28-08-2026

Aug 28 2026 - Australia
2
Rudi’s View: August Delivers Soft Guidance, Higher Dividends

Aug 26 2026 - Rudi's View
3
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

Jul 23 2026 - Rudi's View
4
Supermarkets Behemoths Remain In Focus

Jul 15 2026 - Australia
5
Rudi’s View: When Aussie Companies Move Overseas

Jun 17 2026 - Rudi's View

Latest Consumer Electronics News

1
Rudi’s View: Small Cap Favourites, AI & More

Jul 16 2026 - Rudi's View
2
Harvey Norman’s Hardly Normal Result

Mar 04 2026 - Australia
3
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Nov 13 2025 - Rudi's View
4
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Aug 13 2025 - Australia
5
Can JB Hi-Fi Maintain Its Strength?

Feb 12 2025 - Australia
6
JB Hi-Fi’s Uptrend Continues

Feb 04 2025 - Technicals
7
Go Harvey Go!

Jan 28 2025 - Technicals
8
A Break-Out Opportunity From JB Hi-Fi

Nov 12 2024 - Technicals
9
In Brief: Retailers That Rock, James Hardie & Infomedia

Nov 08 2024 - Weekly Reports
10
How Big The AI Boost For Harvey Norman?

Sep 03 2024 - Australia