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

$60.84

16 Apr
2024

-1.810

OPEN

$61.77

-2.89%

HIGH

$61.86

212,251

LOW

$60.44

TARGET
$56.25 -7.5% 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 N/A 380.8 xxx
DPS (cps) xxx N/A 247.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx N/A 65.0% xxx

Dividend yield today if purchased 3 years ago: 6.01%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.06

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 xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-0.2

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

13/02/2024

1

Buy

$65.00

6.84%

Citi retains its $65 target and Buy rating for JB Hi-Fi following yesterday's 1H results, noting JB Hi-Fi Australia remains far more resilient than most expected, while The Good Guys also looks to be turning around.

The analysts' initial thoughts were summarised yesterday as follows:

In an initial response to today's result release, Citi noted JB Hi-Fi reported group earnings in line with the broker. While sales were -1% below, margins across JB Hi-Fi Australia and The Good Guys held up better than expected despite well flagged cost pressures.

An interim dividend of 158c was declared, slightly above below expectations of 155c.

Cost of doing business growth of 5% for JB Hi-Fi Australia and 3% for TGG is a reasonable result, Citi suggests, given the well documented cost pressures. Gross margins were down -84bps for JB Hi-Fi Australia but surprisingly up 16bps for TGG.

Inventory management remains "excellent", the broker suggests. A January update was considered strong given consumer weakness fears. Despite this, concerns on margins and the direction of consumer spending are likely to persist.

FORECAST
Citi forecasts a full year FY24 dividend of 246.00 cents and EPS of 376.40 cents.
Citi forecasts a full year FY25 dividend of 222.00 cents and EPS of 403.00 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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JBH STOCK CHART