NICK SCALI LIMITED (NCK)
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NCK

NCK - NICK SCALI LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.98
Index: ASX200 | ASX300 | ALL-ORDS

Nick Scali is an Australian importer and retailer of household furniture through a chain of stores across Australia. Founded in 1962 the company listed on the ASX in 2004. Core brands include Nick Scali Furniture, Nick Scali Online, Sofas2Go and Plush.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$17.02

10 Aug
2026

-0.090

OPEN

$17.24

-0.53%

HIGH

$17.37

741,049

LOW

$16.61

TARGET
$17.758

-0.20 change from previous day

 4.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ADH . BLX . GWA . HVN . JBH . JYC . REH . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
NCK: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 88.5 87.8 xxx
DPS (cps) xxx 0.0 75.7 xxx
EPS Growth xxx 31.1% - 0.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 19.7 xxx
Dividend Yield xxx N/A 4.4% xxx
Div Pay Ratio(%) xxx N/A 86.3% 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: 02/03 - ex-div 39.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx88.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx516.7 M
Book Value Per Share xxxxxxxxxxxxxxx327.1
Net Operating Cash Flow xxxxxxxxxxxxxxx150.7 M
Net Profit Margin xxxxxxxxxxxxxxx14.65 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx27.70 %
Return on Invested Capital xxxxxxxxxxxxxxx14.16 %
Return on Assets xxxxxxxxxxxxxxx10.40 %
Return on Equity xxxxxxxxxxxxxxx27.70 %
Return on Total Capital xxxxxxxxxxxxxxx19.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx67.1 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx86 M
Long Term Debt xxxxxxxxxxxxxxx264 M
Total Debt xxxxxxxxxxxxxxx350 M
Goodwill - Gross xxxxxxxxxxxxxxx123 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx107 M
Price To Book Value xxxxxxxxxxxxxxx4.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx23.0 M
Capex % of Sales xxxxxxxxxxxxxxx4.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx323 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx73 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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

10/08/2026

3

Neutral

$17.25

1.35%

Post the initial take below, Citi views the FY26 result as showing strong execution on gross margins and operating expenses.

Better margins offset the sales shortfall, while the 39cps final dividend was well ahead of 31.8cps consensus.

The analyst emerged from the conference call more positive but remains cautious on the A&NZ housing cycle, seeing downside risk to earnings over 1H27 and potentially beyond as comparables become more difficult.

Citi economics forecasts one more RBA rate hike in November and questions whether one or two subsequent rate cuts would improve the housing cycle given housing policy changes announced in the May Federal Budget.

Target $17.25, Neutral rated.

***

On first take, Citi notes Nick Scali's FY26 net profit after tax of $75.7m was in line with consensus.

Sales missed consensus by -3% but more robust margins were an offsetting factor.

The UK operated at breakeven, which is viewed positively. Cost of doing business was flat. The UK gross margin moved up to 61.2% in 2H from 59.2% in 1H.

On the not so positive side, UK like-for-like sales fell -19% and for FY26 missed consensus expectations by -13%.

A&NZ like-for-like sales missed consensus by -4% in terms of a flat outlook and trading update for FY27, but the metric is muddied by new store growth over 5% in the same period, the broker highlights.

Citi believes the result will be positively received due to the short interest and the low investor ownership.

The results and trading update reflect, in the analysts' view, the more upbeat outlook prior to the May budget, given furniture sales lag property contracts by 3-6 months.

Neutral. Target $14.50.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Canaccord Genuity

03/06/2026

1

Upgrade to Buy from Hold

$15.77

-7.34%

Canaccord Genuity has upgraded Nick Scali to Buy from Hold with its price target lowered to $15.77 from $20.43.
Access Extra Coverage Research History >

NCK STOCK CHART

FNArena News on NCK

1
FNArena Corporate Results Monitor – 10-08-2026

Aug 10 2026 - Australia
2
FNArena Corporate Results Monitor – 07-08-2026

Aug 07 2026 - Australia
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 07-08-26

Aug 07 2026 - Weekly Reports
4
Rudi’s View: That’s The Way Markets Crumble

Aug 06 2026 - Rudi's View
5
Australian Broker Call *Extra* Edition – Aug 04, 2026

Aug 04 2026 - Daily Market Reports

Latest Furniture & Renovation News

1
Strong Momentum Underpins Nick Scali’s FY26

Aug 12 2025 - Australia
2
Reece Battling Tariffs, Competition & Cost Crises

Jul 01 2025 - Australia
3
New Broom Clearing The Decks For Adairs

Jun 25 2025 - Small Caps
4
Nick Scali’s Margin & UK Opportunity Excites

Feb 21 2025 - Small Caps
5
Temple & Webster Embraces The Future

Feb 20 2025 - Small Caps
6
Nick Scali’s Transitory Freight Headwind

Oct 24 2024 - Small Caps
7
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
8
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
9
Nick Scali Worth Watching

Dec 20 2022 - Technicals
10
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest