NICK SCALI LIMITED (NCK)
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NCK

NCK - NICK SCALI LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.98
Index: ASX200 | ASX300 | ALL-ORDS

Nick Scali is an Australian importer and retailer of household furniture through a chain of stores across Australia. Founded in 1962 the company listed on the ASX in 2004. Core brands include Nick Scali Furniture, Nick Scali Online, Sofas2Go and Plush.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$12.43

02 Nov
2026

-0.210

OPEN

$12.60

-1.66%

HIGH

$12.76

289,607

LOW

$12.39

TARGET
$14.268 14.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ADH . BLX . GWA . HVN . JBH . JYC . REH . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
NCK: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 88.5 64.5 xxx
DPS (cps) xxx 78.0 55.6 xxx
EPS Growth xxx 31.1% - 27.1% xxx
DPS Growth xxx 23.8% - 28.7% xxx
PE Ratio xxx N/A 20.3 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx 88.2% 86.2% xxx

Dividend yield today if purchased 3 years ago: 6.95%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.95

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: 30/09 - ex-div 39.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx88.5
DPS All xxxxxxxxxxxxxxx78.0
Sales/Revenue xxxxxxxxxxxxxxx516.7 M
Book Value Per Share xxxxxxxxxxxxxxx327.1
Net Operating Cash Flow xxxxxxxxxxxxxxx150.7 M
Net Profit Margin xxxxxxxxxxxxxxx14.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx27.70 %
Return on Invested Capital xxxxxxxxxxxxxxx14.16 %
Return on Assets xxxxxxxxxxxxxxx10.40 %
Return on Equity xxxxxxxxxxxxxxx27.70 %
Return on Total Capital xxxxxxxxxxxxxxx19.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx67.1 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 xxxxxxxxxxxxxxx86 M
Long Term Debt xxxxxxxxxxxxxxx264 M
Total Debt xxxxxxxxxxxxxxx350 M
Goodwill - Gross xxxxxxxxxxxxxxx123 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx107 M
Price To Book Value xxxxxxxxxxxxxxx4.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx23.0 M
Capex % of Sales xxxxxxxxxxxxxxx4.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx323 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx73 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

23/10/2026

1

Buy

$16.00

28.72%

Nick Scali has provided first half guidance ahead of its AGM that missed expectations. First half net profit is expected in the range of $28m–32m and missed Bell Potter's estimates by –14%–25%.

Australasian business continues to reveal weakness in the current macroeconomic environment, with first quarter written sales orders down –15% after cycling the highest growth in recent history of 11.6% in the prior comparable quarter.

The broker points out the UK appears to be tracking well with like-for-like sales order growing 14%. The company will open its first new store in the south-west of England as part of the expansion that the company envisages as a 60–70 store opportunity.

Bell Potter factors in the guidance and reduces the target to $16 from $21. Buy rating retained.

FORECAST
Bell Potter forecasts a full year FY27 dividend of 57.80 cents and EPS of 64.20 cents.
Bell Potter forecasts a full year FY28 dividend of 63.00 cents and EPS of 70.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$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

28/10/2026

2

Overweight

$13.80

11.02%

Jarden maintains its Overweight rating for Nick Scali with its target price reduced to $13.80 from $17.30 following soft first-half earnings guidance.

First-half NPAT guidance of $28m to $32m missed consensus expectations by -20% at the mid-point, driven by A&NZ like-for-like sales declines of -17% in the first quarter and -26% across August and September.

Near-term earnings per share estimates have been lowered by -21% to -25% to reflect a deeper retail cycle, incorporating FY27 like-for-like sales declines of -10% and slower recovery profiles across subsequent periods.

The analyst highlights ongoing valuation support from United Kingdom operations estimated at $4/share, $29m in net cash providing merger and acquisition optionality, and discounted store-level profitability compared with pre-cycle levels.
Access Extra Coverage Research History >

NCK STOCK CHART

FNArena News on NCK

1
Australian Broker Call *Extra* Edition – Oct 28, 2026

Oct 28 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 23-10-26

Oct 26 2026 - Weekly Reports
3
Next Week At A Glance – 26-30 Oct 2026

Oct 23 2026 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Oct 23, 2026

Oct 23 2026 - Daily Market Reports
5
Rudi’s View: Quality At Home, Value Abroad

Oct 22 2026 - Rudi's View

Latest Furniture & Renovation News

1
Joyce Corp’s Capital Light Growth In Focus

Oct 12 2026 - Small Caps
2
Strong Momentum Underpins Nick Scali’s FY26

Aug 12 2025 - Australia
3
Reece Battling Tariffs, Competition & Cost Crises

Jul 01 2025 - Australia
4
New Broom Clearing The Decks For Adairs

Jun 25 2025 - Small Caps
5
Nick Scali’s Margin & UK Opportunity Excites

Feb 21 2025 - Small Caps
6
Temple & Webster Embraces The Future

Feb 20 2025 - Small Caps
7
Nick Scali’s Transitory Freight Headwind

Oct 24 2024 - Small Caps
8
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
9
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
10
Nick Scali Worth Watching

Dec 20 2022 - Technicals