ADAIRS LIMITED (ADH)
Share Price Analysis and Chart

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ADH

ADH - ADAIRS LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.51
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.10

28 Oct
2025

0.030

OPEN

$2.07

1.45%

HIGH

$2.13

950,168

LOW

$2.01

TARGET
$2.60 23.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
BLX . GWA . HVN . JBH . JYC . NCK . REH . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
ADH: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 14.6 20.5 xxx
DPS (cps) xxx 10.5 12.2 xxx
EPS Growth xxx - 18.5% 40.5% xxx
DPS Growth xxx - 12.5% 16.2% xxx
PE Ratio xxx N/A 10.5 xxx
Dividend Yield xxx N/A 5.7% xxx
Div Pay Ratio(%) xxx 71.9% 59.4% xxx

Dividend yield today if purchased 3 years ago: 5.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.88

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: 11/09 - ex-div 7c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx14.6
DPS All xxxxxxxxxxxxxxx10.5
Sales/Revenue xxxxxxxxxxxxxxx618.1 M
Book Value Per Share xxxxxxxxxxxxxxx127.4
Net Operating Cash Flow xxxxxxxxxxxxxxx78.7 M
Net Profit Margin xxxxxxxxxxxxxxx4.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx11.46 %
Return on Invested Capital xxxxxxxxxxxxxxx5.51 %
Return on Assets xxxxxxxxxxxxxxx4.06 %
Return on Equity xxxxxxxxxxxxxxx11.46 %
Return on Total Capital xxxxxxxxxxxxxxx11.64 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx45.5 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx52 M
Long Term Debt xxxxxxxxxxxxxxx260 M
Total Debt xxxxxxxxxxxxxxx312 M
Goodwill - Gross xxxxxxxxxxxxxxx179 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx8 M
Price To Book Value xxxxxxxxxxxxxxx1.66

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx13.5 M
Capex % of Sales xxxxxxxxxxxxxxx2.18 %
Cost of Goods Sold xxxxxxxxxxxxxxx506 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx52 M
Research & Development xxxxxxxxxxxxxxx0 M
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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

23/10/2025

3

Hold

$2.60

23.81%

The latest trading update from Adairs saw ongoing pressure on margins from promotions, while sales growth across some of the key brands has slowed, Ord Minnett highlights.

Over the last circa eight weeks, sales slowed down, with the next ten weeks being the most significant trading period for 1H26 and important to achieve management's FY26 sales guidance of $319.5-$331.5m. This is around -3.2% below the analyst's forecast.

Notably, Mocka sales momentum has been maintained and is expected to be between $34.5-$36.5m versus the broker's forecast of $35.6m.

Ord Minnett has lowered its earnings estimates by -3% to -4% for FY26–FY28 on the back of the update.

No change to Hold rating. Target slips to $2.60 from $2.70.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 14.00 cents and EPS of 20.30 cents.
Ord Minnett forecasts a full year FY27 dividend of 16.00 cents and EPS of 23.60 cents.

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

29/10/2025

1

Buy

$2.68

27.62%

Jarden's main takeaway from Adairs’ AGM update is an implied modest downgrade to 1H26 guidance, with mid-point sales and gross margin expectations -2% below consensus.

The broker highlights softer Focus on Furniture trading, consistent with sector weakness, while Adairs’ and Mocka’s gross margins performed better than expected.

Jarden cuts its FY26–28 EBITDA forecasts by -7 to -8% on lower sales and slower margin recovery, with EBIT trimmed further on higher D&A assumptions.

The analyst remains comfortable with its Buy rating, citing an undemanding valuation. Target price lowered to $2.68 from $2.96.

FORECAST
Jarden forecasts a full year FY26 EPS of 20.30 cents.
Jarden forecasts a full year FY27 EPS of 24.10 cents.
Access Extra Coverage Research History >

ADH STOCK CHART

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Latest Furniture & Renovation News

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Strong Momentum Underpins Nick Scali’s FY26

Aug 12 2025 - Australia
2
Reece Battling Tariffs, Competition & Cost Crises

Jul 01 2025 - Australia
3
New Broom Clearing The Decks For Adairs

Jun 25 2025 - Small Caps
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Nick Scali’s Margin & UK Opportunity Excites

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Temple & Webster Embraces The Future

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