Harvey Norman Holdings Limited

ASX:HVN Stock Report

Market Cap: AU$6.0b

Harvey Norman Holdings Future Growth

Future criteria checks 1/6

Harvey Norman Holdings is forecast to grow earnings and revenue by 0.6% and 9.3% per annum respectively. EPS is expected to grow by 0.8% per annum. Return on equity is forecast to be 10.8% in 3 years.

Key information

0.6%

Earnings growth rate

0.79%

EPS growth rate

Multiline Retail earnings growth6.2%
Revenue growth rate9.3%
Future return on equity10.76%
Analyst coverage

Good

Last updated30 Jun 2026

Recent future growth updates

Recent updates

Analysis Article Jan 24

Harvey Norman Holdings (ASX:HVN) May Have Issues Allocating Its Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...
Analysis Article Jan 09

Little Excitement Around Harvey Norman Holdings Limited's (ASX:HVN) Earnings

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") above 22x, you may consider...
Analysis Article Dec 25

These 4 Measures Indicate That Harvey Norman Holdings (ASX:HVN) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Nov 06

Calculating The Intrinsic Value Of Harvey Norman Holdings Limited (ASX:HVN)

Key Insights The projected fair value for Harvey Norman Holdings is AU$8.32 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Oct 03

Investors Could Be Concerned With Harvey Norman Holdings' (ASX:HVN) Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article Sep 19

These 4 Measures Indicate That Harvey Norman Holdings (ASX:HVN) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 01

Harvey Norman Holdings Limited's (ASX:HVN) Shares Bounce 29% But Its Business Still Trails The Market

Despite an already strong run, Harvey Norman Holdings Limited ( ASX:HVN ) shares have been powering on, with a gain of...
Analysis Article Jul 31

Calculating The Fair Value Of Harvey Norman Holdings Limited (ASX:HVN)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Harvey Norman Holdings fair value estimate is AU$6.73 Current...
Analysis Article Jun 11

Returns On Capital At Harvey Norman Holdings (ASX:HVN) Have Hit The Brakes

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...
Analysis Article May 28

Earnings Working Against Harvey Norman Holdings Limited's (ASX:HVN) Share Price

With a price-to-earnings (or "P/E") ratio of 15.4x Harvey Norman Holdings Limited ( ASX:HVN ) may be sending bullish...
Analysis Article Apr 28

Estimating The Fair Value Of Harvey Norman Holdings Limited (ASX:HVN)

Key Insights Harvey Norman Holdings' estimated fair value is AU$5.92 based on 2 Stage Free Cash Flow to Equity Current...
Analysis Article Mar 26

Does Harvey Norman Holdings (ASX:HVN) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Mar 14

Should You Think About Buying Harvey Norman Holdings Limited (ASX:HVN) Now?

While Harvey Norman Holdings Limited ( ASX:HVN ) might not have the largest market cap around , it received a lot of...
Analysis Article Feb 20

The Returns On Capital At Harvey Norman Holdings (ASX:HVN) Don't Inspire Confidence

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Analysis Article Jan 22

Harvey Norman Holdings Limited's (ASX:HVN) Prospects Need A Boost To Lift Shares

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") above 20x, you may consider...
Analysis Article Dec 19

Harvey Norman Holdings (ASX:HVN) Has A Pretty Healthy Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Oct 26

Returns On Capital Signal Tricky Times Ahead For Harvey Norman Holdings (ASX:HVN)

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Analysis Article Sep 27

Benign Growth For Harvey Norman Holdings Limited (ASX:HVN) Underpins Its Share Price

Harvey Norman Holdings Limited's ( ASX:HVN ) price-to-earnings (or "P/E") ratio of 17.5x might make it look like a buy...
Analysis Article Sep 11

Harvey Norman Holdings (ASX:HVN) Seems To Use Debt Quite Sensibly

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Aug 23

Harvey Norman Holdings Limited (ASX:HVN) Shares Could Be 35% Below Their Intrinsic Value Estimate

Key Insights The projected fair value for Harvey Norman Holdings is AU$7.68 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Mar 19

Little Excitement Around Harvey Norman Holdings Limited's (ASX:HVN) Earnings

With a price-to-earnings (or "P/E") ratio of 16.4x Harvey Norman Holdings Limited ( ASX:HVN ) may be sending bullish...
Analysis Article Mar 02

Harvey Norman Holdings (ASX:HVN) Has Announced That Its Dividend Will Be Reduced To A$0.10

Harvey Norman Holdings Limited ( ASX:HVN ) is reducing its dividend from last year's comparable payment to A$0.10 on...
Analysis Article Feb 29

We Think Harvey Norman Holdings (ASX:HVN) Can Stay On Top Of Its Debt

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jan 22

Harvey Norman Holdings (ASX:HVN) Has More To Do To Multiply In Value Going Forward

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...
Analysis Article Dec 19

Harvey Norman Holdings Limited's (ASX:HVN) Price Is Right But Growth Is Lacking

With a price-to-earnings (or "P/E") ratio of 9.4x Harvey Norman Holdings Limited ( ASX:HVN ) may be sending bullish...
Analysis Article Nov 22

We Think Some Shareholders May Hesitate To Increase Harvey Norman Holdings Limited's (ASX:HVN) CEO Compensation

Key Insights Harvey Norman Holdings to hold its Annual General Meeting on 29th of November Salary of AU$2.12m is part...
Analysis Article Nov 15

Is There An Opportunity With Harvey Norman Holdings Limited's (ASX:HVN) 36% Undervaluation?

Key Insights The projected fair value for Harvey Norman Holdings is AU$5.93 based on 2 Stage Free Cash Flow to Equity...
Analysis Article Oct 18

Returns On Capital At Harvey Norman Holdings (ASX:HVN) Have Hit The Brakes

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 Oct 04

Harvey Norman Holdings (ASX:HVN) Will Pay A Smaller Dividend Than Last Year

Harvey Norman Holdings Limited's ( ASX:HVN ) dividend is being reduced from last year's payment covering the same...
Analysis Article Sep 20

Harvey Norman Holdings (ASX:HVN) Is Paying Out Less In Dividends Than Last Year

Harvey Norman Holdings Limited ( ASX:HVN ) has announced that on 13th of November, it will be paying a dividend...
Analysis Article Sep 06

Harvey Norman Holdings' (ASX:HVN) Dividend Is Being Reduced To A$0.12

Harvey Norman Holdings Limited's ( ASX:HVN ) dividend is being reduced from last year's payment covering the same...
Analysis Article Jul 10

Returns On Capital At Harvey Norman Holdings (ASX:HVN) Have Stalled

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Analysis Article Jun 20

Is Harvey Norman Holdings (ASX:HVN) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article May 03

Estimating The Intrinsic Value Of Harvey Norman Holdings Limited (ASX:HVN)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Harvey Norman Holdings fair value estimate is AU$3.96 Harvey...
Analysis Article Apr 07

The Returns At Harvey Norman Holdings (ASX:HVN) Aren't Growing

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Analysis Article Mar 22

Harvey Norman Holdings (ASX:HVN) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jan 20

Is There An Opportunity With Harvey Norman Holdings Limited's (ASX:HVN) 30% Undervaluation?

Today we will run through one way of estimating the intrinsic value of Harvey Norman Holdings Limited ( ASX:HVN ) by...
Analysis Article Jan 05

Slowing Rates Of Return At Harvey Norman Holdings (ASX:HVN) Leave Little Room For Excitement

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article Nov 17

This Is Why Harvey Norman Holdings Limited's (ASX:HVN) CEO Compensation Looks Appropriate

CEO Katie Page has done a decent job of delivering relatively good performance at Harvey Norman Holdings Limited...
Analysis Article Oct 12

Harvey Norman Holdings (ASX:HVN) Is Increasing Its Dividend To A$0.175

Harvey Norman Holdings Limited ( ASX:HVN ) will increase its dividend from last year's comparable payment on the 14th...
Analysis Article Oct 06

Return Trends At Harvey Norman Holdings (ASX:HVN) Aren't Appealing

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
Analysis Article Sep 02

Harvey Norman Holdings (ASX:HVN) Is Paying Out A Larger Dividend Than Last Year

Harvey Norman Holdings Limited ( ASX:HVN ) will increase its dividend from last year's comparable payment on the 14th...

Earnings and Revenue Growth Forecasts

ASX:HVN - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20295,244629N/A7452
6/30/20284,92851253276310
6/30/20274,67747150075510
6/30/20264,66752148670810
12/31/20253,093561498639N/A
9/30/20253,006539504667N/A
6/30/20252,919518511694N/A
3/31/20252,868475464666N/A
12/31/20242,816432417637N/A
9/30/20242,810392456662N/A
6/30/20242,803352494687N/A
3/31/20242,793363565762N/A
12/31/20232,783374635836N/A
9/30/20232,780457564758N/A
6/30/20232,776540493680N/A
3/31/20232,789643373526N/A
12/31/20222,802747253372N/A
9/30/20222,805779378485N/A
6/30/20222,807812502597N/A
3/31/20222,788811569658N/A
12/31/20212,769810636718N/A
9/30/20212,769826540631N/A
6/30/20212,768841444544N/A
3/31/20212,649785752847N/A
12/31/20202,5307291,0601,150N/A
9/30/20202,4136051,0111,104N/A
6/30/20202,2954819631,057N/A
3/31/20202,296437689792N/A
12/31/20192,298393415526N/A
9/30/20192,266398N/A450N/A
6/30/20192,234402N/A373N/A
3/31/20192,190396N/A355N/A
12/31/20182,147390N/A337N/A
9/30/20182,070383N/A396N/A
6/30/20181,994375N/A454N/A
3/31/20181,936387N/A431N/A
12/31/20171,879399N/A408N/A
9/30/20171,856424N/A417N/A
6/30/20171,833449N/A425N/A
3/31/20171,847435N/A500N/A
12/31/20161,860420N/A575N/A
9/30/20161,828384N/A507N/A
6/30/20161,796349N/A438N/A
3/31/20161,743330N/A392N/A
12/31/20151,690312N/A346N/A
9/30/20151,653290N/A343N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HVN's forecast earnings growth (0.6% per year) is below the savings rate (3.6%).

Earnings vs Market: HVN's earnings (0.6% per year) are forecast to grow slower than the Australian market (12.1% per year).

High Growth Earnings: HVN's earnings are forecast to grow, but not significantly.

Revenue vs Market: HVN's revenue (9.3% per year) is forecast to grow faster than the Australian market (6.1% per year).

High Growth Revenue: HVN's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HVN's Return on Equity is forecast to be low in 3 years time (10.8%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/30 17:13
End of Day Share Price 2026/06/30 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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

Harvey Norman Holdings Limited is covered by 21 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Thomas KierathBarrenjoey Markets Pty Limited
Chamithri RatnapalaBell Potter
David ErringtonBofA Global Research