Earnings Working Against JB Hi-Fi Limited's (ASX:JBH) Share Price
Jun 02
Australian (ASX) Specialty Stores Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies26
- 7D1.5%
- 3M-11.0%
- 1Y25.9%
- YTD-1.5%
In the last week, the Specialty Stores industry is up 1.5%, with JB Hi-Fi up 0.8%. Meanwhile, Lovisa Holdings actually underperformed within the industry, shrinking 7.6% in the last week. In the last 12 months, the industry was up 26%. Looking forward, earnings are forecast to grow by 7.5% annually.
Industry Valuation and Performance
Has the Australian Specialty Stores Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | AU$28.0b | AU$37.3b | AU$1.8b | 14x | 15.9x | 0.8x |
| Wed, 01 May 2024 | AU$30.3b | AU$37.3b | AU$1.8b | 14.9x | 17.2x | 0.8x |
| Fri, 29 Mar 2024 | AU$32.8b | AU$37.3b | AU$1.8b | 15.4x | 18.6x | 0.9x |
| Sun, 25 Feb 2024 | AU$31.2b | AU$37.3b | AU$1.8b | 13.9x | 17.3x | 0.8x |
| Tue, 23 Jan 2024 | AU$28.6b | AU$36.7b | AU$1.9b | 12.5x | 15.1x | 0.8x |
| Thu, 21 Dec 2023 | AU$28.3b | AU$36.7b | AU$1.9b | 11.8x | 14.9x | 0.8x |
| Sat, 18 Nov 2023 | AU$25.1b | AU$36.7b | AU$1.9b | 10.8x | 13.2x | 0.7x |
| Mon, 16 Oct 2023 | AU$24.9b | AU$36.7b | AU$1.9b | 10.8x | 13.1x | 0.7x |
| Wed, 13 Sep 2023 | AU$25.2b | AU$36.7b | AU$1.9b | 10.5x | 13.1x | 0.7x |
| Fri, 11 Aug 2023 | AU$24.7b | AU$35.9b | AU$2.1b | 10.2x | 12x | 0.7x |
| Sun, 09 Jul 2023 | AU$23.1b | AU$35.7b | AU$2.0b | 8.7x | 11.4x | 0.6x |
| Tue, 06 Jun 2023 | AU$22.7b | AU$35.7b | AU$2.0b | 8.4x | 11.2x | 0.6x |
| Thu, 04 May 2023 | AU$25.5b | AU$35.7b | AU$2.0b | 10.4x | 12.5x | 0.7x |
| Sat, 01 Apr 2023 | AU$24.5b | AU$35.8b | AU$2.1b | 8.9x | 11.8x | 0.7x |
| Mon, 27 Feb 2023 | AU$24.2b | AU$34.3b | AU$2.1b | 9x | 11.4x | 0.7x |
| Wed, 25 Jan 2023 | AU$24.6b | AU$32.3b | AU$1.9b | 10.9x | 12.7x | 0.8x |
| Fri, 23 Dec 2022 | AU$22.1b | AU$32.3b | AU$1.9b | 9.4x | 11.4x | 0.7x |
| Sun, 20 Nov 2022 | AU$22.6b | AU$32.3b | AU$1.9b | 9.9x | 11.6x | 0.7x |
| Tue, 18 Oct 2022 | AU$21.0b | AU$32.3b | AU$1.9b | 9.5x | 10.8x | 0.7x |
| Thu, 15 Sep 2022 | AU$22.2b | AU$32.2b | AU$1.9b | 9.6x | 11.6x | 0.7x |
| Sat, 13 Aug 2022 | AU$22.5b | AU$32.3b | AU$1.8b | 10.5x | 12.3x | 0.7x |
| Mon, 11 Jul 2022 | AU$20.2b | AU$32.3b | AU$1.8b | 9.4x | 11x | 0.6x |
| Wed, 08 Jun 2022 | AU$20.1b | AU$32.3b | AU$1.8b | 9.6x | 11x | 0.6x |
| Fri, 06 May 2022 | AU$23.7b | AU$32.4b | AU$1.8b | 11.2x | 12.9x | 0.7x |
| Sun, 03 Apr 2022 | AU$25.5b | AU$32.4b | AU$1.8b | 11.6x | 13.8x | 0.8x |
| Tue, 01 Mar 2022 | AU$25.9b | AU$32.4b | AU$1.9b | 12.2x | 13.9x | 0.8x |
| Thu, 27 Jan 2022 | AU$25.2b | AU$32.9b | AU$2.1b | 10.9x | 12.1x | 0.8x |
| Sat, 25 Dec 2021 | AU$27.8b | AU$32.9b | AU$2.1b | 10.7x | 13.4x | 0.8x |
| Mon, 22 Nov 2021 | AU$29.6b | AU$32.9b | AU$2.1b | 11x | 14.3x | 0.9x |
| Wed, 20 Oct 2021 | AU$28.6b | AU$32.9b | AU$2.1b | 11.1x | 13.8x | 0.9x |
| Fri, 17 Sep 2021 | AU$27.4b | AU$32.8b | AU$2.0b | 11.5x | 13.6x | 0.8x |
| Sun, 15 Aug 2021 | AU$27.6b | AU$32.8b | AU$2.0b | 10.9x | 13.7x | 0.8x |
| Thu, 10 Jun 2021 | AU$26.6b | AU$31.3b | AU$1.7b | 12.6x | 15.8x | 0.9x |
Price to Earnings Ratio
15.8x
Current Industry PE
- Investors are optimistic on the Australian Specialty Retail industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.9x which is higher than its 3-year average PE of 13.1x.
- The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
- The earnings for companies in the Specialty Retail industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 6.0% 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 | -0.33% | |
| Consumer Discretionary | 0.85% | |
| Specialty Stores | 1.53% | |
| Specialty Stores | 3.73% | |
| Home Improvement Retail | 3.31% | |
| Apparel Retail | 2.64% | |
| Computer and Electronics Retail | 1.71% | |
| Home Furnishing Retail | 1.04% | |
| Automotive Retail | -5.21% | |
Industry PE
- Investors are most optimistic about the Apparel Retail industry which is trading above its 3-year average PE ratio of 17.2x.
- Analysts are expecting annual earnings growth of 9.6%, which is higher than its past year's earnings growth of 1.9% per year.
- Investors are most pessimistic about the Automotive Retail industry, which is trading below its 3-year average of 10.2x.
Forecasted Growth
- Analysts are most optimistic on the Home Furnishing Retail industry, expecting annual earnings growth of 21% over the next 5 years.
- This is better than its past earnings decline of 9.1% per year.
- In contrast, the Computer and Electronics Retail industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| JBH JB Hi-Fi | AU$58.46 | 0.8% +AU$48.1m | 35.4% | PE13.9x | |
| STP Step One Clothing | AU$1.49 | 16.9% +AU$39.5m | 430.4% | PE26.1x | |
| NCK Nick Scali | AU$14.03 | 0.6% +AU$17.4m | 65.1% | PE14.3x | |
| SUL Super Retail Group | AU$13.17 | 0.5% +AU$13.5m | 14.3% | PE11.3x | |
| SSG Shaver Shop Group | AU$1.14 | 1.3% +AU$2.0m | 14.1% | PE9.5x |
