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

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JBH

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

$108.66

23 May
2025

1.730

OPEN

$107.43

1.62%

HIGH

$109.40

253,175

LOW

$107.20

TARGET
$97.80 -10.0% 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 401.5 429.2 xxx
DPS (cps) xxx 341.0 307.2 xxx
EPS Growth xxx - 16.4% 6.9% xxx
DPS Growth xxx 9.3% - 9.9% xxx
PE Ratio xxx N/A 25.3 xxx
Dividend Yield xxx N/A 2.8% xxx
Div Pay Ratio(%) xxx 84.9% 71.6% xxx

Dividend yield today if purchased 3 years ago: 7.53%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.14

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 © 2025 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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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

08/05/2025

5

Sell

$95.00

-12.57%

UBS notes JB Hi-Fi's 3Q25 update showed sales growth slowed in the March quarter compared with the strength in January. The broker attributed this to cautious households, challenging comps, and the trend of sales concentration in key months.

Still, the broker remains confident gross margin compression will be managed in 2H25 like in 1H25.

The analyst cut FY25 EBIT margin by -4bps and FY26 by -3bps. EPS forecast for FY25 lowered by -1.2% and by -1.1% for FY26.

Target price rises to $95 from $90 as the broker incorporated a higher FY26 EV/EBIT multiple of 14.6x vs 14.1x prior.

Sell unchanged.

FORECAST
UBS forecasts a full year FY25 dividend of 277.00 cents and EPS of 424.00 cents.
UBS forecasts a full year FY26 dividend of 292.00 cents and EPS of 449.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$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

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Jarden

12/05/2025

3

Neutral

$95.50

-12.11%

JB Hi-Fi's 3Q25 sales rose 6% like-for-like, and while strong, Jarden comments it pointed to a slowing in momentum vs a stronger January.

Jarden believes this indicates the retailer lost some market share and made moderate downward revisions to the Q4 forecast.

The commentary explains the downgrade reflects competitive pressures partly offset by replacement cycle expectations and benefits from interest rate cuts.

The broker expects the company to pay a $1 special dividend in 2H, and believes it will likely pursue capital return rather than major M&A.

Neutral. Target cut to $95.50 from $95.80.

FORECAST
Jarden forecasts a full year FY25 dividend of 277.00 cents and EPS of 424.30 cents.
Jarden forecasts a full year FY26 dividend of 303.00 cents and EPS of 464.20 cents.
Access Extra Coverage Research History >

JBH STOCK CHART

FNArena News on JBH

1
Rudi’s View: Rate Cut Winners & AI Beneficiaries

May 22 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – May 13, 2025

May 13 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – May 12, 2025

May 12 2025 - Daily Market Reports
4
April In Review: ASX Becomes Tariff Safe Haven

May 06 2025 - Australia
5
Rudi’s View: Mag7 Dominance & Profit Warnings

May 01 2025 - Rudi's View

Latest Consumer Electronics News

1
Can JB Hi-Fi Maintain Its Strength?

Feb 12 2025 - Australia
2
JB Hi-Fi’s Uptrend Continues

Feb 04 2025 - Technicals
3
Go Harvey Go!

Jan 28 2025 - Technicals
4
A Break-Out Opportunity From JB Hi-Fi

Nov 12 2024 - Technicals
5
In Brief: Retailers That Rock, James Hardie & Infomedia

Nov 08 2024 - Weekly Reports
6
How Big The AI Boost For Harvey Norman?

Sep 03 2024 - Australia
7
In Brief: Gen.Ai & Star Stocks Shine This Week

Aug 16 2024 - Weekly Reports
8
JB Hi-Fi Does It Again

Aug 13 2024 - Australia
9
Treasure Chest: JB Hi-Fi

Jul 23 2024 - Treasure Chest
10
JB Hi-Fi: How Resilient To Spending Slowdown?

Aug 18 2022 - Australia