Myer Holdings (ASX:MYR) Has A Somewhat Strained Balance Sheet
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Australian (ASX) General Merchandise and Department Stores Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies6
- 7D1.0%
- 3M3.5%
- 1Y16.9%
- YTD11.7%
In the last week, the General Merchandise and Department Stores industry is up 1.0%, with Wesfarmers up 0.8%. In the last 12 months, the industry was up 17%. As for the next few years, earnings are expected to grow by 9.0% per annum.
Industry Valuation and Performance
Has the Australian General Merchandise and Department Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | AU$99.8b | AU$52.3b | AU$3.0b | 39.9x | 32.8x | 1.9x |
| Fri, 11 Apr 2025 | AU$89.7b | AU$52.3b | AU$3.0b | 39.1x | 29.4x | 1.7x |
| Sun, 09 Mar 2025 | AU$89.9b | AU$52.3b | AU$3.1b | 31.4x | 29.3x | 1.7x |
| Tue, 04 Feb 2025 | AU$92.5b | AU$48.8b | AU$2.9b | 27.8x | 31.8x | 1.9x |
| Thu, 02 Jan 2025 | AU$88.8b | AU$51.4b | AU$2.9b | 23.7x | 30.1x | 1.7x |
| Sat, 30 Nov 2024 | AU$89.0b | AU$51.4b | AU$2.9b | 22.7x | 30.2x | 1.7x |
| Mon, 28 Oct 2024 | AU$84.4b | AU$51.4b | AU$2.9b | 24.8x | 28.6x | 1.6x |
| Wed, 25 Sep 2024 | AU$86.4b | AU$51.4b | AU$2.9b | 24.7x | 29.3x | 1.7x |
| Fri, 23 Aug 2024 | AU$92.8b | AU$50.9b | AU$2.9b | 24.5x | 31.7x | 1.8x |
| Sun, 21 Jul 2024 | AU$86.7b | AU$51.0b | AU$2.9b | 14.9x | 29.7x | 1.7x |
| Tue, 18 Jun 2024 | AU$83.1b | AU$51.0b | AU$2.9b | 14.9x | 28.4x | 1.6x |
| Thu, 16 May 2024 | AU$85.1b | AU$51.0b | AU$2.9b | 17.1x | 29.1x | 1.7x |
| Sat, 13 Apr 2024 | AU$83.4b | AU$51.0b | AU$2.9b | 20.3x | 28.6x | 1.6x |
| Mon, 11 Mar 2024 | AU$83.9b | AU$51.0b | AU$2.9b | 21.9x | 28.6x | 1.6x |
| Wed, 07 Feb 2024 | AU$73.0b | AU$51.0b | AU$3.0b | 15.2x | 24.4x | 1.4x |
| Fri, 05 Jan 2024 | AU$70.9b | AU$51.0b | AU$3.0b | 14.7x | 23.7x | 1.4x |
| Sun, 03 Dec 2023 | AU$65.2b | AU$51.0b | AU$3.0b | 13.6x | 21.8x | 1.3x |
| Tue, 31 Oct 2023 | AU$62.7b | AU$51.0b | AU$3.0b | 13.9x | 20.9x | 1.2x |
| Thu, 28 Sep 2023 | AU$66.3b | AU$51.0b | AU$3.0b | 15x | 22.2x | 1.3x |
| Sat, 26 Aug 2023 | AU$64.0b | AU$51.0b | AU$3.2b | 15x | 19.9x | 1.3x |
| Mon, 24 Jul 2023 | AU$61.7b | AU$49.2b | AU$3.3b | 13.7x | 18.9x | 1.3x |
| Wed, 21 Jun 2023 | AU$62.0b | AU$49.2b | AU$3.3b | 12.8x | 19x | 1.3x |
| Fri, 19 May 2023 | AU$64.0b | AU$49.2b | AU$3.3b | 13.3x | 19.6x | 1.3x |
| Sun, 16 Apr 2023 | AU$64.5b | AU$49.2b | AU$3.3b | 13.9x | 19.8x | 1.3x |
| Tue, 14 Mar 2023 | AU$61.9b | AU$48.0b | AU$3.4b | 13.9x | 18.4x | 1.3x |
| Thu, 09 Feb 2023 | AU$62.7b | AU$42.9b | AU$3.2b | 17.3x | 19.5x | 1.5x |
| Sat, 07 Jan 2023 | AU$59.3b | AU$42.9b | AU$3.2b | 16.1x | 18.4x | 1.4x |
| Mon, 05 Dec 2022 | AU$61.1b | AU$42.9b | AU$3.2b | 16.4x | 19x | 1.4x |
| Wed, 02 Nov 2022 | AU$58.2b | AU$42.9b | AU$3.2b | 16.4x | 18.1x | 1.4x |
| Fri, 30 Sep 2022 | AU$55.7b | AU$42.9b | AU$3.2b | 14.9x | 17.3x | 1.3x |
| Sun, 28 Aug 2022 | AU$60.4b | AU$42.7b | AU$3.2b | 16.3x | 18.9x | 1.4x |
| Tue, 26 Jul 2022 | AU$58.9b | AU$39.8b | AU$3.1b | 16.6x | 19.3x | 1.5x |
| Thu, 23 Jun 2022 | AU$53.5b | AU$39.8b | AU$3.1b | 12.7x | 17.5x | 1.3x |
| Sat, 21 May 2022 | AU$59.0b | AU$39.8b | AU$3.1b | 15.4x | 19.3x | 1.5x |
Price to Earnings Ratio
19.3x
Current Industry PE
- Investors are optimistic on the Australian Multiline Retail industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 32.8x which is higher than its 3-year average PE of 23.8x.
- The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Multiline Retail industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 9.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Australian Consumer Discretionary industry?
| AU Market | 1.60% | |
| Consumer Discretionary | 2.29% | |
| General Merchandise and Department Stores | 1.02% | |
| Broadline Retail | 1.02% | |
| Department Stores | 0% | 0 |
| General Merchandise Stores | 0% | 0 |
Industry PE
- Investors are most optimistic about the Broadline Retail industry which is trading above its 3-year average PE ratio of 26.0x.
- Analysts are expecting annual earnings growth of 9.0%, which is higher than its past year's earnings decline of 27.5% per year.
- Investors are most pessimistic about the Broadline Retail industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 26.0x.
Forecasted Growth
- Analysts are most optimistic on the Broadline Retail industry, expecting annual earnings growth of 9.0% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Broadline Retail industry is expected to see its earnings grow by 9.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| WES Wesfarmers | AU$80.14 | 0.8% +AU$681.0m | 16.4% | PE35x | |
| HVN Harvey Norman Holdings | AU$5.44 | 2.8% +AU$186.9m | 25.1% | PE15.7x | |
| MYR Myer Holdings | AU$0.77 | 10.1% +AU$120.9m | n/a | PE56.5x | |
| KGN Kogan.com | AU$4.75 | 4.4% +AU$19.8m | -0.6% | PE271.9x | |
| TRS Reject Shop | AU$6.60 | 0.9% +AU$2.2m | 69.2% | PE39.9x |
