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

$73.51

14 Apr
2026

-1.340

OPEN

$75.50

-1.79%

HIGH

$75.89

567,711

LOW

$73.43

TARGET
$91.283 24.2% 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 FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx 423.1 458.9 xxx
DPS (cps) xxx 375.0 344.9 xxx
EPS Growth xxx 5.4% 8.5% xxx
DPS Growth xxx 10.0% - 8.0% xxx
PE Ratio xxx N/A 16.2 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 88.6% 75.2% xxx

Dividend yield today if purchased 3 years ago: 8.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.04

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: 21/08 - ex-div 105.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx423.1
DPS All xxxxxxxxxxxxxxx375.0
Sales/Revenue xxxxxxxxxxxxxxx10,554.8 M
Book Value Per Share xxxxxxxxxxxxxxx1,478.6
Net Operating Cash Flow xxxxxxxxxxxxxxx711.6 M
Net Profit Margin xxxxxxxxxxxxxxx4.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx29.12 %
Return on Invested Capital xxxxxxxxxxxxxxx22.29 %
Return on Assets xxxxxxxxxxxxxxx11.65 %
Return on Equity xxxxxxxxxxxxxxx29.12 %
Return on Total Capital xxxxxxxxxxxxxxx34.75 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx243.4 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 xxxxxxxxxxxxxxx201 M
Long Term Debt xxxxxxxxxxxxxxx513 M
Total Debt xxxxxxxxxxxxxxx714 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx284 M
Price To Book Value xxxxxxxxxxxxxxx7.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx82.3 M
Capex % of Sales xxxxxxxxxxxxxxx0.78 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,194 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,569 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

0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Bell Potter

23/03/2026

1

Buy

$90.00

22.43%

JB Hi-Fi provided a first half result that slightly beat expectations and Bell Potter notes The Good Guys and NZ operations were the stand-out performers. The Australian business was resilient, with 5% comparable sales growth despite cycling a strong prior corresponding second quarter.

The broker makes changes to revenue assumptions, factoring in the January trading update and the upcoming challenges in the fourth quarter as the company cycles 8.2% growth in comparable sales.

The broker anticipates AI laptop price increases will flow through at the end of the third quarter  and other potential freight cost impacts from onshore suppliers will impact gross margins. Target is reduced to $90 from $119 and a Buy rating is maintained.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 335.30 cents and EPS of 444.80 cents.
Bell Potter forecasts a full year FY27 dividend of 344.40 cents and EPS of 456.90 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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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

25/03/2026

2

Overweight

$88.90

20.94%

Jarden highlights AI and replacement cycles as potential upside drivers for IT and consumer electronics demand, despite a challenging macro backdrop.

Replacement activity is expected to add 6%-9% to sales, with peak demand expected across FY26–FY27.

The broker believes OEM price increases, particularly from memory cost inflation, may support sales growth, though volume risks remain from higher prices.

Upside potential is strongest for JB Hi-Fi and Harvey Norman, according to Jarden, with AI adoption and device proliferation supporting multi-year demand growth.

The broker also expects Wesfarmers, via Officeworks, and Breville Group to benefit.

Target of $88.90 and Overweight rating are kept for JB Hi-Fi.

FORECAST
Jarden forecasts a full year FY26 dividend of 441.00 cents and EPS of 466.20 cents.
Jarden forecasts a full year FY27 dividend of 363.00 cents and EPS of 496.00 cents.

JBH STOCK CHART