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

$1.92

13 Nov
2025

0.040

OPEN

$1.89

2.13%

HIGH

$1.92

1,265,552

LOW

$1.86

TARGET
$2.525 31.5% 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 20.2 xxx
DPS (cps) xxx 10.5 12.2 xxx
EPS Growth xxx - 18.5% 38.4% xxx
DPS Growth xxx - 12.5% 16.2% xxx
PE Ratio xxx N/A 9.2 xxx
Dividend Yield xxx N/A 6.5% xxx
Div Pay Ratio(%) xxx 71.9% 60.3% xxx

Dividend yield today if purchased 3 years ago: 4.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.61

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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

23/10/2025

3

Neutral

$2.40

25.00%

Adairs' trading update was a touch soft, UBS notes, with a first half sales/gross profit guidance cut translating to a -9% FY26 earnings cut given the largely fixed cost base.

However, the market seemed to be positioned for a softer update with the stock off its highs and rebounding yesterday. In that context, UBS sees little optimism priced into a stock trading on 10x forward PE, well below listed peers, but still views the Adairs turnaround as a "show me" story.

UBS can envisage a bull case via several factors, but at this stage doesn't have enough conviction to turn positive on the stock. Target falls to $2.40 from $2.55, Neutral retained.

FORECAST
UBS forecasts a full year FY26 dividend of 13.00 cents and EPS of 20.00 cents.
UBS forecasts a full year FY27 dividend of 15.00 cents and EPS of 23.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

29/10/2025

1

Buy

$2.68

39.58%

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

FNArena News on ADH

1
Weekly Ratings, Targets, Forecast Changes – 07-11-25

Nov 10 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Oct 29, 2025

Oct 29 2025 - Daily Market Reports
3
In Brief: NRW Holdings, Aroa Biosurgery, Online Retail Winners

Sep 12 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Sep 08, 2025

Sep 08 2025 - Daily Market Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 05-09-25

Sep 05 2025 - Weekly Reports

Latest Furniture & Renovation News

1
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
4
Nick Scali’s Margin & UK Opportunity Excites

Feb 21 2025 - Small Caps
5
Temple & Webster Embraces The Future

Feb 20 2025 - Small Caps
6
Nick Scali’s Transitory Freight Headwind

Oct 24 2024 - Small Caps
7
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
8
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
9
Nick Scali Worth Watching

Dec 20 2022 - Technicals
10
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest