LOVISA HOLDINGS LIMITED (LOV)
Share Price Analysis and Chart

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LOV - LOVISA HOLDINGS LIMITED

FNArena Sector : Retailing
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.07
Index: ASX200 | ASX300 | ALL-ORDS

Lovisa is an Australian retailer of fashion jewellery and accessories. It has stores in Australia, New Zealand, Asia, Europe and South Africa, but management is constantly on the look out to enter more geographies. The company has been listed since 2014. Has been one of the fastest growing retailers on the ASX since.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$33.88

24 Jul
2024

0.020

OPEN

$34.00

0.06%

HIGH

$34.51

139,872

LOW

$33.85

TARGET
$32.086 -5.3% downside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
ATG . KGN . TOY .
FNARENA'S MARKET CONSENSUS FORECASTS
LOV: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 63.3 76.3 xxx
DPS (cps) xxx 69.0 72.2 xxx
EPS Growth xxx 16.4% 20.6% xxx
DPS Growth xxx - 6.8% 4.6% xxx
PE Ratio xxx N/A 43.8 xxx
Dividend Yield xxx N/A 2.2% xxx
Div Pay Ratio(%) xxx 109.1% 94.6% xxx

Dividend yield today if purchased 3 years ago: 4.51%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.06

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: 05/03 - ex-div 50c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx63.3
DPS All xxxxxxxxxxxxxxx69.0
Sales/Revenue xxxxxxxxxxxxxxx596.5 M
Book Value Per Share xxxxxxxxxxxxxxx74.2
Net Operating Cash Flow xxxxxxxxxxxxxxx141.2 M
Net Profit Margin xxxxxxxxxxxxxxx11.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx94.47 %
Return on Invested Capital xxxxxxxxxxxxxxx21.73 %
Return on Assets xxxxxxxxxxxxxxx15.17 %
Return on Equity xxxxxxxxxxxxxxx94.47 %
Return on Total Capital xxxxxxxxxxxxxxx28.43 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-16.4 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 xxxxxxxxxxxxxxx58 M
Long Term Debt xxxxxxxxxxxxxxx315 M
Total Debt xxxxxxxxxxxxxxx373 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx32 M
Price To Book Value xxxxxxxxxxxxxxx26.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx76.9 M
Capex % of Sales xxxxxxxxxxxxxxx12.89 %
Cost of Goods Sold xxxxxxxxxxxxxxx376 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx114 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

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

06/06/2024

1

Upgrade to Outperform from Neutral

$33.70

-0.53%

Macquarie continues to base its investment view on the strength of Lovisa Holdings' store roll-out and revenue growth.

Earnings expansion is expected over the next five years, supported by operating leverage and reduced LTI incentive payments  (the current CEO has earned $51.1m in LTI performance payments).

A change at the executive level is not expected to impact revenue and store growth. Revenue growth has outpaced store openings over the past five years, with a compound rate of 22.4%, and is expected to continue to FY28.

Macquarie upgrades to Outperform from Neutral and raises the target to $33.70 from $26.90.

FORECAST
Macquarie forecasts a full year FY24 dividend of 74.30 cents and EPS of 76.70 cents.
Macquarie forecasts a full year FY25 dividend of 87.80 cents and EPS of 101.00 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

3

xxxx

$xx.xx

xx.xx%

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Jarden

13/06/2024

1

Buy

$33.08

-2.36%

John Cheston, managing director of Smiggle ((PMV)), will replace Victor Herrero as Lovisa Holdings' CEO next year.

Jarden suspects the market may have been spooked by Herrero's resignation given his fast-fashion rollout experience (not to mention the recent poor performance of Smiggle) but observes John Cheston has been heavily involved in Smiggle's global rollout and is well-incentivised to meet long-term incentives.

EPS forecasts fall -0.1% in FY24; rise 2.2% in FY25 and rise 1.5% in FY26. Buy rating retained. Target price rises to $33.08 from $28.69.

FORECAST
Jarden forecasts a full year FY24 EPS of 73.70 cents.
Jarden forecasts a full year FY25 EPS of 95.30 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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LOV STOCK CHART