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: 1.61
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

$28.61

25 Oct
2024

-0.290

OPEN

$28.85

-1.00%

HIGH

$29.45

375,705

LOW

$28.50

TARGET
$33.287 16.3% upside
OTHER COMPANIES IN THE SAME SECTOR
ATG . KGN . TOY .
FNARENA'S MARKET CONSENSUS FORECASTS
LOV: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 75.4 95.6 xxx
DPS (cps) xxx 87.0 84.8 xxx
EPS Growth xxx 19.2% 26.9% xxx
DPS Growth xxx 26.1% - 2.5% xxx
PE Ratio xxx N/A 29.9 xxx
Dividend Yield xxx N/A 3.0% xxx
Div Pay Ratio(%) xxx 115.4% 88.7% xxx

Dividend yield today if purchased 3 years ago: 4.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.04

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: 13/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx75.4
DPS All xxxxxxxxxxxxxxx87.0
Sales/Revenue xxxxxxxxxxxxxxx698.7 M
Book Value Per Share xxxxxxxxxxxxxxx73.2
Net Operating Cash Flow xxxxxxxxxxxxxxx187.5 M
Net Profit Margin xxxxxxxxxxxxxxx11.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx102.84 %
Return on Invested Capital xxxxxxxxxxxxxxx21.24 %
Return on Assets xxxxxxxxxxxxxxx15.58 %
Return on Equity xxxxxxxxxxxxxxx102.84 %
Return on Total Capital xxxxxxxxxxxxxxx29.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx60.2 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 xxxxxxxxxxxxxxx58 M
Long Term Debt xxxxxxxxxxxxxxx301 M
Total Debt xxxxxxxxxxxxxxx359 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx21 M
Price To Book Value xxxxxxxxxxxxxxx44.91

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx38.6 M
Capex % of Sales xxxxxxxxxxxxxxx5.53 %
Cost of Goods Sold xxxxxxxxxxxxxxx432 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx136 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

0.2

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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UBS

28/08/2024

3

Neutral

$33.00

15.34%

After further weighing yesterday's FY24 result for Lovisa Holdings, UBS raises its target to $33.00 from $32.50 and retains a Neutral rating. The analyst remains confident growth will improve.

A summary of yesterday's research note by the broker follows.

At first glance, it appears Lovisa Holdings' FY24 earnings and profit were below consensus but above UBS. Sales in the first eight weeks of FY25 are up 2.0%, which is -5.8% down year on year.

Since the end of FY24, ten new stores opened (21 last year) and two stores closed (8 last year) and Lovisa entered the Ivory Coast and Republic of Congo under a franchised network, with the store network now 908.

Trading is set to start the first half subdued with modest store growth and sales growth, UBS notes.

FORECAST
UBS forecasts a full year FY25 dividend of 84.00 cents and EPS of 90.00 cents.
UBS forecasts a full year FY26 dividend of 99.00 cents and EPS of 108.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

04/09/2024

3

Downgrade to Neutral from Buy

$30.59

6.92%

Lovisa Holdings' FY24 profit beat Jarden's estimate by 2%. The 2H24 gross profit margin beat the broker and cost of doing business was below.

The FY25-to-date trading update nevertheless disappointed relative to estimates, with sales growth of only 2% year on year despite cycling a comparable of -6% and estimated price increases of 3-5% that were not in the comparable.

The store rollout update (up 8 net) is weak on top of the number of stores at the end of FY24 being -14 below consensus, although this was expected.

The impending exit of Lovisa's CEO is likely to raise execution and sentiment risk in the short term and as a result Jarden downgrades to Neutral from Buy, highlighting a preference in the sector for Universal Store ((UNI)) and Accent Group ((AX1)).

Target falls to $30.59 from $33.08.

FORECAST
Jarden forecasts a full year FY25 EPS of 90.70 cents.
Jarden forecasts a full year FY26 EPS of 114.00 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

LOV STOCK CHART

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