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: 0.62
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

$65.10

19 Jul
2024

0.090

OPEN

$64.21

0.14%

HIGH

$65.10

427,067

LOW

$63.89

TARGET
$56.717

+0.17 change from previous day

-12.9% 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 FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 480.0 378.7 xxx
DPS (cps) xxx 312.0 246.8 xxx
EPS Growth xxx 0.2% - 21.1% xxx
DPS Growth xxx - 1.3% - 20.9% xxx
PE Ratio xxx N/A 17.5 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 65.0% 65.2% xxx

Dividend yield today if purchased 3 years ago: 6.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.72

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: 22/02 - ex-div 158c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx480.0
DPS All xxxxxxxxxxxxxxx312.0
Sales/Revenue xxxxxxxxxxxxxxx9,626.4 M
Book Value Per Share xxxxxxxxxxxxxxx1,298.4
Net Operating Cash Flow xxxxxxxxxxxxxxx716.4 M
Net Profit Margin xxxxxxxxxxxxxxx5.45 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx38.86 %
Return on Invested Capital xxxxxxxxxxxxxxx29.00 %
Return on Assets xxxxxxxxxxxxxxx15.76 %
Return on Equity xxxxxxxxxxxxxxx38.86 %
Return on Total Capital xxxxxxxxxxxxxxx42.25 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx261.7 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx174 M
Long Term Debt xxxxxxxxxxxxxxx481 M
Total Debt xxxxxxxxxxxxxxx655 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx177 M
Price To Book Value xxxxxxxxxxxxxxx3.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx72.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx7,444 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,346 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

0.0

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

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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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

10/05/2024

5

Underweight

$53.80

-17.36%

JB Hi-Fi reported a deterioration in domestic sales against the January results in the 1Q24 report, below expectations, according to Morgan Stanley. Like-for-like sales fell -0.3% in the quarter compared to January at 1.7% growth.

New Zealand sales were better with an improvement on January and above market concensus.

The Good Guys reported a -0.8% decline in like-for-like sales, better than the January -2.2%.

Overall, the analyst highlights the year-to-date trading update is below FY24 consensus estimates.

Unchanged Underweight rating: Industry View: In-line.

FORECAST
Morgan Stanley forecasts a full year FY24 EPS of 385.00 cents.
Morgan Stanley forecasts a full year FY25 EPS of 381.00 cents.

Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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

xxxxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Jarden

21/05/2024

4

Underweight

$50.50

-22.43%

Jarden assesses a solid 3Q update for JB Hi-Fi, with trends broadly in line with expectations. The performances of The Good Guys and New Zealand NZ were better- than-expected, while JB Hi-Fi Australia slightly disappointed.

Despite executing well, JB Hi-Fi faces risks from growing competition, particularly in AV/IT and Telco, and accelerating deflation, suggest the analysts.

A combination of increased market competition (direct-to-consumer, Amazon, Officeworks) and increasing promotional activity is creating risk, in Jarden's opinion. The Underweight rating is unchanged and the target falls to $50.50 from $50.80.

FORECAST
Jarden forecasts a full year FY24 dividend of 243.00 cents and EPS of 371.90 cents.
Jarden forecasts a full year FY25 dividend of 242.00 cents and EPS of 355.20 cents.

JBH STOCK CHART