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

$104.24

09 May
2025

0.850

OPEN

$103.30

0.82%

HIGH

$105.03

216,542

LOW

$103.11

TARGET
$95.657 -8.2% 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 24.2 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 84.9% 71.6% xxx

Dividend yield today if purchased 3 years ago: 7.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.28

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

08/05/2025

3

Hold

$92.00

-11.74%

Morgans notes JB Hi-Fi's 3Q25 sales of 6% y/y were solid, but it also reflected a slowing in Feb/March sales from the 7.1% growth in January.

New Zealand sales rose 7.5% y/y, beating the broker's 3.0% forecast, though this also indicated a slowing in Feb/March vs January. Good Guys performed in line with expectations.

The broker made minor downward revisions to FY25 forecasts. Hold. Target unchanged at $92.

FORECAST
Morgans forecasts a full year FY25 dividend of 278.00 cents and EPS of 428.10 cents.
Morgans forecasts a full year FY26 dividend of 293.00 cents and EPS of 450.60 cents.

Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$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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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

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

12/02/2025

5

Sell

$73.90

-29.11%

Goldman Sachs reckons JB Hi-Fi's 1H25 result was largely in line but slightly weaker than expected gross profit margin signals persistent competition.

The broker tweaked its forecasts slightly, raising FY25 EPS estimate by 0.2% but lowering FY26 by -1.2%.

Sell rating maintained. The broker notes the company is trading on FY26 P/E estimate of 21x vs historical average of 13x. 

Target price $73.9.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 281.00 cents and EPS of 430.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 300.00 cents and EPS of 459.00 cents.
Access Extra Coverage Research History >

JBH STOCK CHART

FNArena News on JBH

1
Australian Broker Call *Extra* Edition – May 12, 2025

10:30 AM - Daily Market Reports
2
April In Review: ASX Becomes Tariff Safe Haven

May 06 2025 - Australia
3
Rudi’s View: Mag7 Dominance & Profit Warnings

May 01 2025 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 11-04-25

Apr 14 2025 - Weekly Reports
5
Rudi’s View: Time For Appreciating Quality

Apr 02 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