MICHAEL HILL INTERNATIONAL LIMITED (MHJ)
Share Price Analysis and Chart

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MHJ - MICHAEL HILL INTERNATIONAL LIMITED

FNArena Sector : Luxury
Year End: June
GICS Industry Group : Consumer Durables & Apparel
Debt/EBITDA: 1.51
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.655

17 Apr
2024

-0.005

OPEN

$0.67

-0.76%

HIGH

$0.67

13,225

LOW

$0.66

TARGET
$0.985 50.4% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
TWE .
FNARENA'S MARKET CONSENSUS FORECASTS
MHJ: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 3.3 xxx
DPS (cps) xxx N/A 2.8 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 20.8 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx N/A 86.2% xxx

Dividend yield today if purchased 3 years ago: 9.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

11.11

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 © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx9.2
DPS All xxxxxxxxxxxxxxx7.5
Sales/Revenue xxxxxxxxxxxxxxx629.6 M
Book Value Per Share xxxxxxxxxxxxxxx49.7
Net Operating Cash Flow xxxxxxxxxxxxxxx80.1 M
Net Profit Margin xxxxxxxxxxxxxxx5.59 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx18.34 %
Return on Invested Capital xxxxxxxxxxxxxxx11.63 %
Return on Assets xxxxxxxxxxxxxxx6.65 %
Return on Equity xxxxxxxxxxxxxxx18.34 %
Return on Total Capital xxxxxxxxxxxxxxx16.09 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx22.9 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx41 M
Long Term Debt xxxxxxxxxxxxxxx130 M
Total Debt xxxxxxxxxxxxxxx171 M
Goodwill - Gross xxxxxxxxxxxxxxx18 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21 M
Price To Book Value xxxxxxxxxxxxxxx1.80

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx34.3 M
Capex % of Sales xxxxxxxxxxxxxxx5.44 %
Cost of Goods Sold xxxxxxxxxxxxxxx451 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx123 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
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

27/02/2024

1

Upgrade to Buy from Neutral

$0.92

40.46%

Citi suspects gross margins for Michael Hill may have troughed and, with a positive outlook for retail sales, could improve from here on. Sales trends could improve from FY25 as Citi's forecast for a rebound in retail expenditure materialises.

A recovery in diamond sales is anticipated and this represents 73% of the company sales from March 2022 to February 2023. There are also several growth levers including the roll-out of Bevilles and TenSevenSeven.

Rating is upgraded to Buy from Neutral and the target lifted to $0.92 from $0.86.

FORECAST
Citi forecasts a full year FY24 dividend of 1.80 cents and EPS of 2.60 cents.
Citi forecasts a full year FY25 dividend of 3.70 cents and EPS of 5.40 cents.

MHJ STOCK CHART