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: 2.04
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

$18.43

23 Feb
2026

-0.280

OPEN

$18.84

-1.50%

HIGH

$18.84

351,760

LOW

$18.32

TARGET
$21.20 15.0% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 67.5 92.1 xxx
DPS (cps) xxx 63.0 70.6 xxx
EPS Growth xxx - 31.6% 36.5% xxx
DPS Growth xxx - 7.4% 12.1% xxx
PE Ratio xxx N/A 19.6 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 93.3% 76.7% xxx

Dividend yield today if purchased 3 years ago: 6.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.50

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: 01/10 - ex-div 33.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx67.5
DPS All xxxxxxxxxxxxxxx63.0
Sales/Revenue xxxxxxxxxxxxxxx495.3 M
Book Value Per Share xxxxxxxxxxxxxxx311.8
Net Operating Cash Flow xxxxxxxxxxxxxxx111.3 M
Net Profit Margin xxxxxxxxxxxxxxx11.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx21.99 %
Return on Invested Capital xxxxxxxxxxxxxxx10.85 %
Return on Assets xxxxxxxxxxxxxxx8.18 %
Return on Equity xxxxxxxxxxxxxxx21.99 %
Return on Total Capital xxxxxxxxxxxxxxx17.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx43.9 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 xxxxxxxxxxxxxxx57 M
Long Term Debt xxxxxxxxxxxxxxx259 M
Total Debt xxxxxxxxxxxxxxx316 M
Goodwill - Gross xxxxxxxxxxxxxxx127 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx101 M
Price To Book Value xxxxxxxxxxxxxxx5.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx14.6 M
Capex % of Sales xxxxxxxxxxxxxxx2.94 %
Cost of Goods Sold xxxxxxxxxxxxxxx321 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

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Bell Potter

16/02/2026

1

Buy

$25.00

35.65%

Nick Scali announced a better than expected 1H26 net profit after tax, around 11% above Bell Potter and consensus expectations, with robust gross margins and revenue growth of 13% boosting operating leverage.

The 2H26 outlook was weaker, with A&NZ written sales orders up 3.1% y/y, a more subdued start to the half than anticipated, and cycling a strong Jan 2025 comp.

The broker adjusts net profit after tax forecasts down by -5% for FY26 and FY27 on the January update and softer A&NZ growth, with the target downgraded to $25 from $28 and no change to the Buy rating.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 61.90 cents and EPS of 88.60 cents.
Bell Potter forecasts a full year FY27 dividend of 75.10 cents and EPS of 109.30 cents.

Ord Minnett

xx/xx/xxxx

5

xxxxxxxxx xx xxxx xxxx xxxxxxx

$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

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

Canaccord Genuity

19/02/2026

3

Hold

$20.43

10.85%

Canaccord Genuity retains a Hold rating but cuts its target to $20.43 from $26.77 on Nick Scali, post a strong 1H26 result and softer A&NZ trading trends 

Normalised 1H26 NPAT of $41m rose 23.6% y/y, 5.6% ahead of expectations and 8.8% above consensus, driven by double-digit A&NZ written sales orders growth and higher gross margins.

The broker highlights a slowdown in A&NZ like for like sales growth to to 3.2% in January and expects tougher comparables through 2H26, prompting a reduction in outer-year forecasts.

While the analyst trims A&NZ estimates, Canaccord upgrades UK sales and margin assumptions following refurbishment-driven acceleration, although mid-single-digit EPS downgrades are made from 2H26 onwards. 

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 78.10 cents and EPS of 99.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 79.00 cents and EPS of 102.00 cents.
Access Extra Coverage Research History >

NCK STOCK CHART

FNArena News on NCK

1
Weekly Ratings, Targets, Forecast Changes – 20-02-26

Feb 23 2026 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Feb 19, 2026

Feb 19 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 16-02-2026

Feb 16 2026 - Australia
4
Rudi’s View: Woolies, CSL, Macquarie (& More)

Feb 05 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jan 29, 2026

Jan 29 2026 - Daily Market 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