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: 0.64
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

$68.41

24 Aug
2026

-0.790

OPEN

$69.25

-1.14%

HIGH

$69.26

718,732

LOW

$68.35

TARGET
$78.929 15.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMS . AUA . HVN .
FNARENA'S MARKET CONSENSUS FORECASTS
JBH: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 448.2 433.5 xxx
DPS (cps) xxx 337.0 334.6 xxx
EPS Growth xxx 5.9% - 3.3% xxx
DPS Growth xxx - 10.1% - 0.7% xxx
PE Ratio xxx N/A 16.1 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 75.2% 77.2% xxx

Dividend yield today if purchased 3 years ago: 7.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.84

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: 26/02 - ex-div 210.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx448.2
DPS All xxxxxxxxxxxxxxx337.0
Sales/Revenue xxxxxxxxxxxxxxx11,064.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,498.6
Net Operating Cash Flow xxxxxxxxxxxxxxx701.2 M
Net Profit Margin xxxxxxxxxxxxxxx4.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx30.10 %
Return on Invested Capital xxxxxxxxxxxxxxx22.97 %
Return on Assets xxxxxxxxxxxxxxx11.74 %
Return on Equity xxxxxxxxxxxxxxx30.10 %
Return on Total Capital xxxxxxxxxxxxxxx35.37 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx160.0 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx209 M
Long Term Debt xxxxxxxxxxxxxxx496 M
Total Debt xxxxxxxxxxxxxxx705 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx207 M
Price To Book Value xxxxxxxxxxxxxxx5.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx87.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.79 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,582 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,654 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

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxxxxxx

$xx.xx

xx.xx%

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UBS

18/08/2026

3

Neutral

$72.00

5.25%

On further inspection, EPS forecasts are lowered by -3% for FY27 and -5% for FY28 due to the challenging macro outlook which is impacting on home appliances.

Target price falls to $72 from $83 with a Neutral rating retained.

First Take: JB Hi-Fi's FY26 NPAT was broadly in line with consensus and 2% ahead of UBS, with EBIT up 3.8% to $734.4m.

The Good Guys led the earnings beat, while JB Hi-Fi Australia sales rose 4.4% and NZ remained strong with sales up 26%.

July trading softened, with like-for-like sales down -1.4% at JB Hi-Fi Australia and -1.7% at The Good Guys, both below 1H27 consensus expectations.

UBS flags margin risks from rising costs and operating deleveraging, while operating cash flow of $701m was below the broker's $805m forecast.

Neutral. Target $83.

FORECAST
UBS forecasts a full year FY27 dividend of 338.00 cents and EPS of 428.00 cents.
UBS forecasts a full year FY28 dividend of 344.00 cents and EPS of 459.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$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

20/08/2026

1

Buy

$83.10

21.47%

Jarden maintains a Buy rating for JB Hi-Fi with its target price decreased to $83.10 from $87.10 following a second-half FY26 EBIT decline of -1% year-on-year, representing a -2% miss against consensus.

The analyst highlights that performance was impacted by product shortages, heightened competition, and tough comparisons, alongside a slow start to July trading with like-for-like sales down for JB Australia and The Good Guys.

The broker reduces FY27 to FY29 EBIT by -3%-5% while projecting flat like-for-like growth in FY27 as easier comparisons and new product developments support a recovery.

The report highlights management enters the period without formal guidance whilst navigating deteriorating housing indicators.

The valuation is supported by anticipated operational improvements through the first half of FY27.
Access Extra Coverage Research History >

JBH STOCK CHART

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