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

$118.09

22 Aug
2025

-1.910

OPEN

$120.51

-1.59%

HIGH

$120.51

488,638

LOW

$118.09

TARGET
$104.943 -11.1% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 423.1 463.5 xxx
DPS (cps) xxx 375.0 357.8 xxx
EPS Growth xxx 5.4% 9.6% xxx
DPS Growth xxx 10.0% - 4.6% xxx
PE Ratio xxx N/A 25.5 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 88.6% 77.2% xxx

Dividend yield today if purchased 3 years ago: 8.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.18

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx423.1
DPS All xxxxxxxxxxxxxxx375.0
Sales/Revenue xxxxxxxxxxxxxxx10,554.8 M
Book Value Per Share xxxxxxxxxxxxxxx1,478.6
Net Operating Cash Flow xxxxxxxxxxxxxxx711.6 M
Net Profit Margin xxxxxxxxxxxxxxx4.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx29.12 %
Return on Invested Capital xxxxxxxxxxxxxxx22.29 %
Return on Assets xxxxxxxxxxxxxxx11.65 %
Return on Equity xxxxxxxxxxxxxxx29.12 %
Return on Total Capital xxxxxxxxxxxxxxx34.75 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx243.4 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx201 M
Long Term Debt xxxxxxxxxxxxxxx513 M
Total Debt xxxxxxxxxxxxxxx714 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx284 M
Price To Book Value xxxxxxxxxxxxxxx7.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx82.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,194 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,569 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

4

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

12/08/2025

1

Buy

$120.00

1.62%

Citi notes JB Hi-Fi delivered FY25 underlying earnings (EBIT) of $708m, about 1% ahead of consensus, with both JB Hi-Fi Australia and The Good Guys outperforming expectations.

A 100c special dividend and 105c final dividend were declared, alongside a higher FY26 payout ratio target of 70–80%.

Inventory rose 13% year-on-year, signaling to the broker confidence ahead of Black Friday, with July like-for-like sales up 5.1% for JB Hi-Fi Australia and 3.8% for The Good Guys.

Gross margin trends diverged, with JB Hi-Fi Australia down -28bps in 2H25 and The Good Guys up 87bps, a notable turnaround from 1H25 declines, highlight the analysts.

Citi does not view the CEO transition as an indication the company has "topped out," with a history of successful CEO transitions.

Looking ahead, the analyst expects better consumer spending, electrical to outperform the overall retail sector, and ongoing market share gains. Citi lifts its EPS estimate for FY25/FY26 by circa 2%.

Buy rating retained with $120 target price.

FORECAST
Citi forecasts a full year FY26 dividend of 469.00 cents and EPS of 485.40 cents.
Citi forecasts a full year FY27 dividend of 505.00 cents and EPS of 527.40 cents.

UBS

xx/xx/xxxx

3

xxxxxxx 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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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$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

13/08/2025

3

Neutral

$95.70

-18.96%

After beating expectations with FY25 result, Jarden notes JB Hi-Fi's outlook is brightened by three key tailwinds: replacement demand, interest rate cuts and rising activity in housing.

Other positives includes new game releases, strong forward orders and AI revolution. The broker lifted FY26-28 EPS forecasts by 0.5% following strong FY25 result and sees FY26 risks to the upside.

Neutral. Target rises to $95.70 from $95.50.

FORECAST
Jarden forecasts a full year FY26 dividend of 357.00 cents and EPS of 467.40 cents.
Jarden forecasts a full year FY27 dividend of 382.00 cents and EPS of 499.10 cents.
Access Extra Coverage Research History >

JBH STOCK CHART

FNArena News on JBH

1
Rudi’s View: Early August Signals & Observations

Aug 20 2025 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 15-08-25

Aug 18 2025 - Weekly Reports
3
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 14, 2025

Aug 14 2025 - Daily Market Reports
5
JB Hi-Fi’s Re-Rating Triggers Valuation Dilemma

Aug 13 2025 - Australia

Latest Consumer Electronics News

1
JB Hi-Fi’s Re-Rating Triggers Valuation Dilemma

Aug 13 2025 - Australia
2
Can JB Hi-Fi Maintain Its Strength?

Feb 12 2025 - Australia
3
JB Hi-Fi’s Uptrend Continues

Feb 04 2025 - Technicals
4
Go Harvey Go!

Jan 28 2025 - Technicals
5
A Break-Out Opportunity From JB Hi-Fi

Nov 12 2024 - Technicals
6
In Brief: Retailers That Rock, James Hardie & Infomedia

Nov 08 2024 - Weekly Reports
7
How Big The AI Boost For Harvey Norman?

Sep 03 2024 - Australia
8
In Brief: Gen.Ai & Star Stocks Shine This Week

Aug 16 2024 - Weekly Reports
9
JB Hi-Fi Does It Again

Aug 13 2024 - Australia
10
Treasure Chest: JB Hi-Fi

Jul 23 2024 - Treasure Chest