REJECT SHOP LIMITED (TRS)
Share Price Analysis and Chart

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TRS

TRS - REJECT SHOP LIMITED

FNArena Sector : Household & Personal Products
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.87
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.12

21 Mar
2025

0.030

OPEN

$3.11

0.97%

HIGH

$3.12

37,737

LOW

$3.07

TARGET
$3.967 27.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABY . AOV . BRG . DSK . MYR . SSG .
FNARENA'S MARKET CONSENSUS FORECASTS
TRS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 12.4 20.1 xxx
DPS (cps) xxx 10.0 12.3 xxx
EPS Growth xxx - 54.4% 62.0% xxx
DPS Growth xxx - 37.5% 22.5% xxx
PE Ratio xxx N/A 15.5 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 80.7% 61.0% xxx

Dividend yield today if purchased 3 years ago: 1.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.21

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: 18/04 - ex-div 10c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx12.4
DPS All xxxxxxxxxxxxxxx10.0
Sales/Revenue xxxxxxxxxxxxxxx852.7 M
Book Value Per Share xxxxxxxxxxxxxxx455.8
Net Operating Cash Flow xxxxxxxxxxxxxxx102.1 M
Net Profit Margin xxxxxxxxxxxxxxx0.55 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx2.68 %
Return on Invested Capital xxxxxxxxxxxxxxx1.45 %
Return on Assets xxxxxxxxxxxxxxx0.95 %
Return on Equity xxxxxxxxxxxxxxx2.68 %
Return on Total Capital xxxxxxxxxxxxxxx4.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx76.5 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx81 M
Long Term Debt xxxxxxxxxxxxxxx155 M
Total Debt xxxxxxxxxxxxxxx236 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx50 M
Price To Book Value xxxxxxxxxxxxxxx0.74

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx15.7 M
Capex % of Sales xxxxxxxxxxxxxxx1.85 %
Cost of Goods Sold xxxxxxxxxxxxxxx615 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx221 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

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

21/02/2025

3

Equal-weight

$3.40

8.97%

Morgan Stanley expects the first half result from Reject Shop will be well received in terms of progress on the gross margin. Sales slightly missed estimates while gross margin was ahead.

Cash flow conversion was strong with a slight reduction in working capital and a small tax refund.

Equal-weight. Target price $3.40. Industry view is In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 20.00 cents.
Morgan Stanley forecasts a full year FY26 EPS of 28.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

Jarden

27/02/2025

2

Overweight

$5.10

63.46%

The surprise in The Reject Shop's 1H25 result for Jarden was the 14% y/y rise in EBIT, driven by 60bps margin improvement.

Gross margins rose 125bps driven by mix improvements and the broker believes the retailer is on track to achieve 40.5% gross margin in FY25.

The broker notes sales in February year-to-date were up 3.8%, driven by growth in volume and average prices. 

The broker lifted FY25-27 EBITDA forecasts by 1-2% and raised net profit forecasts on higher general merchandise sales and new stores, plus gross margin improvement.

Target price of $5.1 and Overweight rating are unchanged.

FORECAST
Jarden forecasts a full year FY25 dividend of 17.00 cents and EPS of 20.80 cents.
Jarden forecasts a full year FY26 dividend of 34.00 cents and EPS of 42.30 cents.
Access Extra Coverage Research History >

TRS STOCK CHART

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