Michael Hill International Limited

ASX:MHJ Stock Report

Market Cap: AU$130.8m

Michael Hill International Future Growth

Future criteria checks 3/6

Michael Hill International is forecast to grow earnings and revenue by 22.6% and 2.9% per annum respectively. EPS is expected to grow by 37.4% per annum. Return on equity is forecast to be 13.9% in 3 years.

Key information

22.6%

Earnings growth rate

37.39%

EPS growth rate

Specialty Retail earnings growth10.7%
Revenue growth rate2.9%
Future return on equity13.94%
Analyst coverage

Low

Last updated08 Jun 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 17

MHJ: Index Removal Will Support Future Upside At Steady Fair Value Estimate

Analysts have maintained their A$ price target for Michael Hill International, making only minor adjustments to inputs such as the discount rate and future P/E assumption. This reflects a broadly unchanged view of fair value at A$0.75 per share.
Narrative Update • Jun 02

MHJ: Index Removal Will Support Future Upside At Steady Fair Value Estimate

Analysts have kept their fair value estimate for Michael Hill International steady at A$0.75, with only small tweaks to the discount rate and future P/E assumption shaping the updated price target narrative. What's in the News Michael Hill International Limited was removed from the S&P/ASX All Ordinaries Index, according to a recent index constituent change notice.
Narrative Update • Apr 24

MHJ: Index Removal And Higher EBIT Guidance Will Support Future Upside

Analysts have kept their A$0.75 price target for Michael Hill International unchanged, citing small adjustments in discount rate, revenue growth, profit margin and forward P/E assumptions that largely offset each other in their updated models. What's in the News Michael Hill International Limited was removed from the S&P/ASX All Ordinaries Index, which may affect how some index-tracking funds and benchmarks treat the stock (Key Developments).
Narrative Update • Apr 10

MHJ: Index Removal And EBIT Outlook Will Support Future Upside

Analysts have maintained their fair value estimate for Michael Hill International at A$0.75 per share, making only minor adjustments to inputs such as the discount rate and assumed future P/E. This reflects a largely unchanged view of the company’s valuation setup.
Narrative Update • Mar 27

MHJ: Future EBIT Guidance And Index Exit Will Support Earnings Upside

Analysts have maintained their A$ price target for Michael Hill International, making only minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. This reflects a consistent view of the stock’s valuation drivers.
Narrative Update • Mar 13

MHJ: Future EBIT Guidance Will Support Confidence In Earnings Upside

Analysts have maintained their A$0.75 price target for Michael Hill International, citing a slightly lower discount rate, a marginally different revenue growth outlook, a higher profit margin assumption, and a reduced future P/E multiple as the key inputs behind the refreshed view. What's in the News Michael Hill International is hosting an Analyst and Investor Day, giving the market a fresh look at management priorities and operational focus areas (Key Developments).
Narrative Update • Feb 26

MHJ: Future EBIT Guidance And Investor Day Will Support Bullish Thesis

Analysts have kept Michael Hill International's fair value estimate steady at A$0.75, with only minor tweaks to underlying assumptions such as a slightly lower discount rate and modestly adjusted revenue growth, profit margin and future P/E inputs. What's in the News Michael Hill International issued group earnings guidance for the first half of fiscal 2026, with group comparable EBIT anticipated to be in the range of $27 million to $30 million, compared with $24.1 million in FY25H1 (Key Developments).
Narrative Update • Feb 07

MHJ: Upgraded Fair Value Will Rely On Stronger Near Term EBIT

Analysts have lifted their price target for Michael Hill International from A$0.63 to A$0.75. This reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
Analysis Article • Jan 12

Subdued Growth No Barrier To Michael Hill International Limited (ASX:MHJ) With Shares Advancing 25%

Michael Hill International Limited ( ASX:MHJ ) shares have had a really impressive month, gaining 25% after a shaky...
Analysis Article • Oct 08

These 4 Measures Indicate That Michael Hill International (ASX:MHJ) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 03

Michael Hill International's (ASX:MHJ) Earnings Offer More Than Meets The Eye

Despite posting healthy earnings, Michael Hill International Limited's ( ASX:MHJ ) stock has been quite weak. We have...
User avatar
New Narrative • May 09

Gifting And Digital Channels Will Revitalize Retail

Focus on high-margin products and omni-channel strategies is anticipated to increase transaction volumes and drive future revenue growth.
Analysis Article • Jul 23

Michael Hill International Limited (ASX:MHJ) Soars 32% But It's A Story Of Risk Vs Reward

Michael Hill International Limited ( ASX:MHJ ) shareholders are no doubt pleased to see that the share price has...
Analysis Article • Jul 17

Is Now The Time To Look At Buying Michael Hill International Limited (ASX:MHJ)?

While Michael Hill International Limited ( ASX:MHJ ) might not have the largest market cap around , it led the ASX...
Analysis Article • Nov 07

Michael Hill International Limited's (ASX:MHJ) CEO Compensation Is Looking A Bit Stretched At The Moment

Key Insights Michael Hill International to hold its Annual General Meeting on 14th of November CEO Daniel Bracken's...
Analysis Article • Aug 28

Michael Hill International (ASX:MHJ) Is Reducing Its Dividend To A$0.035

The board of Michael Hill International Limited ( ASX:MHJ ) has announced that the dividend on 22nd of September will...
Analysis Article • Mar 20

Is Michael Hill International Limited (ASX:MHJ) Potentially Undervalued?

Michael Hill International Limited ( ASX:MHJ ), might not be a large cap stock, but it saw a decent share price growth...
Analysis Article • Feb 24

Michael Hill International (ASX:MHJ) Is Increasing Its Dividend To AU$0.035

The board of Michael Hill International Limited ( ASX:MHJ ) has announced that it will be increasing its dividend on...
Analysis Article • Dec 29

Returns At Michael Hill International (ASX:MHJ) Appear To Be Weighed Down

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...
Analysis Article • Oct 16

If You Like EPS Growth Then Check Out Michael Hill International (ASX:MHJ) Before It's Too Late

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • May 04

At AU$0.81, Is It Time To Put Michael Hill International Limited (ASX:MHJ) On Your Watch List?

While Michael Hill International Limited ( ASX:MHJ ) might not be the most widely known stock at the moment, it...
Analysis Article • Apr 11

Michael Hill International (ASX:MHJ) Could Be Struggling To Allocate Capital

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article • Mar 06

Four Days Left To Buy Michael Hill International Limited (ASX:MHJ) Before The Ex-Dividend Date

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Analysis Article • Feb 28

If You Had Bought Michael Hill International's (ASX:MHJ) Shares Three Years Ago You Would Be Down 36%

It is doubtless a positive to see that the Michael Hill International Limited ( ASX:MHJ ) share price has gained some...
Analysis Article • Feb 05

How Many Michael Hill International Limited (ASX:MHJ) Shares Did Insiders Buy, In The Last Year?

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
Analysis Article • Jan 15

We Think Michael Hill International's (ASX:MHJ) Statutory Profit Might Understate Its Earnings Potential

As a general rule, we think profitable companies are less risky than companies that lose money. Having said that...

Earnings and Revenue Growth Forecasts

ASX:MHJ - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202973137N/AN/A1
6/30/20287073123872
6/30/20276832517792
6/30/20266591525862
12/28/202565677992N/A
9/28/202565156274N/A
6/29/202564524555N/A
3/29/202564525164N/A
12/29/202464415773N/A
9/29/202464503456N/A
6/30/202464701038N/A
3/31/202463861546N/A
12/31/2023630132055N/A
9/30/2023631243367N/A
7/2/2023631354680N/A
4/2/2023631415384N/A
1/1/2023631476088N/A
10/1/20226134775100N/A
6/26/20225954789112N/A
3/26/20225794480101N/A
12/26/2021564417191N/A
9/26/20215604198113N/A
6/27/202155641124134N/A
3/27/202151930124133N/A
12/27/202048219123131N/A
9/27/20204871195108N/A
6/28/202049236684N/A
3/28/2020538126482N/A
12/29/2019584206281N/A
9/29/201957718N/A60N/A
6/30/201957016N/A39N/A
3/31/201956818N/A38N/A
12/31/201856719N/A37N/A
9/30/201857225N/A46N/A
6/30/201857732N/A55N/A
12/31/201754949N/A66N/A
9/30/201755047N/A53N/A
6/30/201755244N/A40N/A
3/31/201757627N/A35N/A
12/31/201656820N/A31N/A
9/30/201656020N/A40N/A
6/30/201655120N/A48N/A
3/31/201654024N/A47N/A
12/31/201552929N/A47N/A
9/30/201551628N/A51N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MHJ's forecast earnings growth (22.6% per year) is above the savings rate (3.6%).

Earnings vs Market: MHJ's earnings (22.6% per year) are forecast to grow faster than the Australian market (11.4% per year).

High Growth Earnings: MHJ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MHJ's revenue (2.9% per year) is forecast to grow slower than the Australian market (5.7% per year).

High Growth Revenue: MHJ's revenue (2.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MHJ's Return on Equity is forecast to be low in 3 years time (13.9%).

Discover growth companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/20 02:55
End of Day Share Price 2026/07/20 00:00
Earnings2025/12/28
Annual Earnings2025/06/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Michael Hill International Limited is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Guy Edward HooperForsyth Barr Group Ltd.
Guy Edward HooperJarden Limited
Warren DoakMacquarie Research