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: 0.68
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

$81.83

01 Nov
2024

-0.200

OPEN

$81.93

-0.24%

HIGH

$82.71

336,096

LOW

$81.12

TARGET
$75.443

+1.57 change from previous day

 -7.8% 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 401.5 418.4 xxx
DPS (cps) xxx 341.0 302.0 xxx
EPS Growth xxx - 16.4% 4.2% xxx
DPS Growth xxx 9.3% - 11.4% xxx
PE Ratio xxx N/A 19.6 xxx
Dividend Yield xxx N/A 3.7% xxx
Div Pay Ratio(%) xxx 84.9% 72.2% xxx

Dividend yield today if purchased 3 years ago: 6.78%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.17

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 © 2024 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

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

24/10/2024

5

Underweight

$67.10

-18.00%

Morgan Stanley considers the consumer with expectations tax cuts have alleviated some of the "cumulative" pressures on household budgets. 

August sales picked up, but the analyst believes consumers are seeking to save more. The broker prefers consumer staple stocks over consumer discretionary stocks on valuation grounds, with a potential for "higher-for-longer" interest rates to underpin an Underweight stance on discretionary.

Morgan Stanley highlights JB Hi-Fi and Super Retail Group ((SUL)) are in a stronger position with scope for improved capital management, like robust balance sheets and zero interest cost debt since the start of covid.

The analyst forecasts a FY25 dividend of around $2.72 with a special 80c dividend per share.

Underweight rating. Target rises to $67.10 from $60.60. Industry View: In-line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 352.00 cents and EPS of 418.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 239.00 cents and EPS of 450.00 cents.

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$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

1

xxxxxxxxxx

$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

4

xxxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

14/08/2024

5

Sell

$52.90

-35.35%

JB Hi-Fi's June-half result outpaced Goldman Sachs by 9.5% thanks to a solid beat in gross profit margins courtesy Home Applicances and TV.

The broker observes mobile growth benefited from strong promotional support from Apple and comparable sales rose 3.8% in the June quarter, and 2.7% in July.

Sell rating retained on valuation. Target price rises to $54.50 from $52.90.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 251.00 cents and EPS of 385.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 255.00 cents and EPS of 390.00 cents.
Access Extra Coverage Research History >

JBH STOCK CHART

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