JB HI-FI LIMITED (JBH)
Share Price Analysis and Chart

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JBH - JB HI-FI LIMITED

FNArena Sector : Consumer Electronics
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 0.68
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

JB HiFi is an Australian retail chain specialising in consumer electronics and whitegoods. Originally formed in 1974 in Victoria, the company was aquired by private equiry and floated on the ASX in 2003. It acquired The Good Guys in late 2016. JB Hi-Fi is one of the lowest cost operators of its kind globally.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$91.90

20 Dec
2024

-2.210

OPEN

$94.00

-2.35%

HIGH

$94.10

774,586

LOW

$91.38

TARGET
$77.871 -15.3% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMS . AUA . HVN .
FNARENA'S MARKET CONSENSUS FORECASTS
JBH: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 401.5 419.9 xxx
DPS (cps) xxx 341.0 301.0 xxx
EPS Growth xxx - 16.4% 4.6% xxx
DPS Growth xxx 9.3% - 11.7% xxx
PE Ratio xxx N/A 22.4 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 84.9% 71.7% xxx

Dividend yield today if purchased 3 years ago: 7.04%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.62

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: 22/08 - ex-div 180c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx401.5
DPS All xxxxxxxxxxxxxxx341.0
Sales/Revenue xxxxxxxxxxxxxxx9,592.4 M
Book Value Per Share xxxxxxxxxxxxxxx1,426.0
Net Operating Cash Flow xxxxxxxxxxxxxxx752.6 M
Net Profit Margin xxxxxxxxxxxxxxx4.57 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx29.46 %
Return on Invested Capital xxxxxxxxxxxxxxx22.39 %
Return on Assets xxxxxxxxxxxxxxx12.10 %
Return on Equity xxxxxxxxxxxxxxx29.46 %
Return on Total Capital xxxxxxxxxxxxxxx33.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx379.6 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 xxxxxxxxxxxxxxx198 M
Long Term Debt xxxxxxxxxxxxxxx460 M
Total Debt xxxxxxxxxxxxxxx657 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx318 M
Price To Book Value xxxxxxxxxxxxxxx4.29

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx74.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx7,452 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,415 M
Research & Development xxxxxxxxxxxxxxx-
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

0.1

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

01/11/2024

5

Sell

$72.00

-21.65%

JB Hi-Fi's 1Q25 sales update showed strength across three brands, UBS states. 

The broker believes the Australian like-for-like sales growth was a surprise with momentum from July rates maintained even with more challenging annual comps. 

Market share improvements are the key factor with limited store growth, UBS highlights, with telcos and computers the two leading product categories. 

Like-for-like sales growth for The Good Guys improved from July which the analyst believes is a good sign for Harvey Norman's ((HVN)) AGM on Nov 27. NZ sales growth improved from new stores with five more forecast for FY25.

Sell rating unchanged. Target price rises to $72 from $64. UBS lifts EPS forecasts by 4% for FY25/FY26.

FORECAST
UBS forecasts a full year FY25 dividend of 270.00 cents and EPS of 416.00 cents.
UBS forecasts a full year FY26 dividend of 284.00 cents and EPS of 437.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

12/11/2024

5

Sell

$66.90

-27.20%

Goldman Sachs assesses strong first-quarter results and expects ongoing market share gains for JB Hi-Fi.

Year-on-year revenue and earnings (EBITDA) forecasts for FY25-FY27 rose by between 4% to 7% and 5% to 11%, respectively, reflecting improved execution and better fixed-cost leverage, explain the analysts.

The broker raises the earnings outlook due to JB Hi-Fi Australia’s ongoing market share growth in a challenging electronics market and stable costs amid a weaker competitor landscape.

Goldman increases its target to $66.9 from $54.4 and retains a Sell rating on valuation concerns.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 264.00 cents and EPS of 405.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 274.00 cents and EPS of 420.00 cents.
Access Extra Coverage Research History >

JBH STOCK CHART

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Latest Consumer Electronics News

1
A Break-Out Opportunity From JB Hi-Fi

Nov 12 2024 - Technicals
2
In Brief: Retailers That Rock, James Hardie & Infomedia

Nov 08 2024 - Weekly Reports
3
How Big The AI Boost For Harvey Norman?

Sep 03 2024 - Australia
4
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Aug 16 2024 - Weekly Reports
5
JB Hi-Fi Does It Again

Aug 13 2024 - Australia
6
Treasure Chest: JB Hi-Fi

Jul 23 2024 - Treasure Chest
7
JB Hi-Fi: How Resilient To Spending Slowdown?

Aug 18 2022 - Australia
8
JB Hi-Fi Beats, But What About Next Year?

Jul 20 2022 - Australia
9
JB Hi-Fi: Looking Grim

May 10 2022 - Technicals
10
Capital Management Upside For JB Hi-Fi?

Jan 19 2022 - Australia