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

$67.90

24 Jul
2024

0.320

OPEN

$67.92

0.47%

HIGH

$69.60

431,039

LOW

$67.79

TARGET
$59.85

+1.48 change from previous day

-11.9% 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 480.0 377.5 xxx
DPS (cps) xxx 312.0 246.8 xxx
EPS Growth xxx 0.2% - 21.4% xxx
DPS Growth xxx - 1.3% - 20.9% xxx
PE Ratio xxx N/A 17.7 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 65.0% 65.4% xxx

Dividend yield today if purchased 3 years ago: 6.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.67

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

22/07/2024

3

Hold

$62.00

-8.69%

Morgans reviews the Consumer Discretionary sector and spins a tale of two retail groups.

The broker observes the February reporting season pointed to an uptick in company fortunes, with stronger gross margins (thanks to freight and pricing improvements), sales resilience and stronger consumer sentiment featuring but notes risks have since risen.

The cost of living continues to feature as rate cuts have been delayed and inflation continues and Australian retail sales statistics keep falling.

The broker expects this will create a split among retailers with those that are building market and share, store networks and tight cost control, emerging victorious. Lovisa, Step One and Universal Store are the broker's preferred picks.

Morgans tinkers with JB Hi-Fi's estimates, predicting a small increase in sales.

Hold rating retained. Target price rises to $62 from $61.

FORECAST
Morgans forecasts a full year FY24 dividend of 250.00 cents and EPS of 384.20 cents.
Morgans forecasts a full year FY25 dividend of 252.00 cents and EPS of 388.30 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$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

-25.63%

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