MICHAEL HILL INTERNATIONAL LIMITED (MHJ)
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MHJ

MHJ - MICHAEL HILL INTERNATIONAL LIMITED

FNArena Sector : Luxury
Year End: June
GICS Industry Group : Consumer Durables & Apparel
Debt/EBITDA: 2.67
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.475

21 Feb
2025

0.000

OPEN

$0.48

0.000

HIGH

$0.48

23,576

LOW

$0.47

TARGET
$0.50 5.3% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
TWE .
FNARENA'S MARKET CONSENSUS FORECASTS
MHJ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 0.1 2.0 xxx
DPS (cps) xxx 0.0 0.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 24.4 xxx
Dividend Yield xxx N/A 1.6% xxx
Div Pay Ratio(%) xxx N/A 38.5% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 07/03 - ex-div 1.75c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-0.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx644.9 M
Book Value Per Share xxxxxxxxxxxxxxx43.4
Net Operating Cash Flow xxxxxxxxxxxxxxx37.8 M
Net Profit Margin xxxxxxxxxxxxxxx-0.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-0.27 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.15 %
Return on Assets xxxxxxxxxxxxxxx-0.09 %
Return on Equity xxxxxxxxxxxxxxx-0.27 %
Return on Total Capital xxxxxxxxxxxxxxx3.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-3.5 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 xxxxxxxxxxxxxxx40 M
Long Term Debt xxxxxxxxxxxxxxx173 M
Total Debt xxxxxxxxxxxxxxx213 M
Goodwill - Gross xxxxxxxxxxxxxxx19 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx20 M
Price To Book Value xxxxxxxxxxxxxxx1.04

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx27.6 M
Capex % of Sales xxxxxxxxxxxxxxx4.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx505 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx128 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

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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

31/01/2025

3

Neutral

$0.50

5.26%

Citi casts uncertainty over Michael Hill's 2H25 earnings outlook post the company's 1H25 update, with earnings expectations remaining heavily reliant on potential consumer relief from interest rate cuts, the analyst explains.

The 1H25 trading update revealed ongoing weakness in sales momentum across the company's regions, while higher promotional activity offset any positive impacts from higher-margin products, Citi details.

The analyst lowers earnings before interest and tax estimates by -27% for FY25 and -6% for FY27.

No change to the Neutral rating. Target falls to 50c from 57c.

FORECAST
Citi forecasts a full year FY25 dividend of 1.50 cents and EPS of 1.40 cents.
Citi forecasts a full year FY26 dividend of 2.10 cents and EPS of 3.70 cents.
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

28/10/2024

1

Upgrade to Buy from Overweight

-

-

Jarden comments Michael Hill has shown improved trading momentum in the first 14 weeks of FY25, with group sales growth accelerating to 4.3% year-on-year, up from 3.2% in the first eight weeks.

As per the broker, Australia and Canada led the way with strong same-store sales growth of 6.3% and 4.7%, respectively, while New Zealand's same-store sales contracted by -4.2%, though this represents an improvement from -6.2% previously.

Gross margin has also shown a "meaningful improvement," and management remains confident in achieving the FY25 gross margin target of circa 62%.

The broker has upgraded its rating to Buy from Overweight and raised the price target to NZ$0.80 from NZ$0.78, driven by positive earnings revisions and margin recovery progress.

FORECAST
Jarden forecasts a full year FY25 dividend of 2.50 cents and EPS of 3.70 cents.
Jarden forecasts a full year FY26 dividend of 5.50 cents and EPS of 7.80 cents.
Access Extra Coverage Research History >

MHJ STOCK CHART

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