HVN Stock Overview
Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses.
Harvey Norman Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$4.32|
|52 Week High||AU$5.91|
|52 Week Low||AU$3.53|
|1 Month Change||9.37%|
|3 Month Change||-4.64%|
|1 Year Change||-23.40%|
|3 Year Change||-4.85%|
|5 Year Change||0%|
|Change since IPO||2,534.15%|
Recent News & Updates
These 4 Measures Indicate That Harvey Norman Holdings (ASX:HVN) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Harvey Norman Holdings (ASX:HVN) Hasn't Managed To Accelerate Its Returns
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
If You Like EPS Growth Then Check Out Harvey Norman Holdings (ASX:HVN) Before It's Too Late
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Is Harvey Norman Holdings Limited (ASX:HVN) Trading At A 30% Discount?
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Harvey Norman Holdings...
|HVN||AU Multiline Retail||AU Market|
Return vs Industry: HVN exceeded the Australian Multiline Retail industry which returned -26% over the past year.
Return vs Market: HVN underperformed the Australian Market which returned -8% over the past year.
|HVN Average Weekly Movement||4.7%|
|Multiline Retail Industry Average Movement||4.7%|
|Market Average Movement||10.5%|
|10% most volatile stocks in AU Market||17.6%|
|10% least volatile stocks in AU Market||4.6%|
Stable Share Price: HVN is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: HVN's weekly volatility (5%) has been stable over the past year.
About the Company
Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses. Its franchises and sells products in various categories, including electrical goods, furniture, computerized communications, bedding and Manchester, kitchen and small appliances, bathroom and tiles, and carpets and floorings. The company operates 192 franchised complexes under the Harvey Norman, Domayne, and Joyce Mayne brands in Australia; and 107 company-operated stores under the Harvey Norman brand in New Zealand, Singapore, Malaysia, Slovenia, Croatia, Ireland, and Northern Ireland.
Harvey Norman Holdings Fundamentals Summary
|HVN fundamental statistics|
Is HVN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HVN income statement (TTM)|
|Cost of Revenue||AU$1.85b|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 31, 2022
|Earnings per share (EPS)||0.65|
|Net Profit Margin||29.26%|
How did HVN perform over the long term?See historical performance and comparison
8.1%Current Dividend Yield
Is HVN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for HVN?
Other financial metrics that can be useful for relative valuation.
|What is HVN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HVN's PE Ratio compare to its peers?
|HVN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
TRS Reject Shop
JBH JB Hi-Fi
PMV Premier Investments
HVN Harvey Norman Holdings
Price-To-Earnings vs Peers: HVN is good value based on its Price-To-Earnings Ratio (6.6x) compared to the peer average (18.1x).
Price to Earnings Ratio vs Industry
How does HVN's PE Ratio compare vs other companies in the Global Multiline Retail Industry?
Price-To-Earnings vs Industry: HVN is good value based on its Price-To-Earnings Ratio (6.6x) compared to the Global Multiline Retail industry average (16.2x)
Price to Earnings Ratio vs Fair Ratio
What is HVN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||6.6x|
|Fair PE Ratio||12x|
Price-To-Earnings vs Fair Ratio: HVN is good value based on its Price-To-Earnings Ratio (6.6x) compared to the estimated Fair Price-To-Earnings Ratio (12x).
Share Price vs Fair Value
What is the Fair Price of HVN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: HVN (A$4.32) is trading below our estimate of fair value (A$8.98)
Significantly Below Fair Value: HVN is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
Discover undervalued companies
How is Harvey Norman Holdings forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HVN's earnings are forecast to decline over the next 3 years (-10.1% per year).
Earnings vs Market: HVN's earnings are forecast to decline over the next 3 years (-10.1% per year).
High Growth Earnings: HVN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: HVN's revenue (5.1% per year) is forecast to grow slower than the Australian market (5.6% per year).
High Growth Revenue: HVN's revenue (5.1% 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 (10.7%).
Discover growth companies
How has Harvey Norman Holdings performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HVN has high quality earnings.
Growing Profit Margin: HVN's current net profit margins (29.3%) are higher than last year (28.8%).
Past Earnings Growth Analysis
Earnings Trend: HVN's earnings have grown by 17% per year over the past 5 years.
Accelerating Growth: HVN's earnings growth over the past year (11.2%) is below its 5-year average (17% per year).
Earnings vs Industry: HVN earnings growth over the past year (11.2%) exceeded the Multiline Retail industry -3.9%.
Return on Equity
High ROE: HVN's Return on Equity (19.6%) is considered low.
Discover strong past performing companies
How is Harvey Norman Holdings's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: HVN's short term assets (A$1.9B) exceed its short term liabilities (A$1.1B).
Long Term Liabilities: HVN's short term assets (A$1.9B) exceed its long term liabilities (A$1.7B).
Debt to Equity History and Analysis
Debt Level: HVN's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: HVN's debt to equity ratio has reduced from 21.9% to 11.4% over the past 5 years.
Debt Coverage: HVN's debt is well covered by operating cash flow (151.6%).
Interest Coverage: HVN's interest payments on its debt are well covered by EBIT (47.1x coverage).
Discover healthy companies
What is Harvey Norman Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 5/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HVN's dividend (8.1%) is higher than the bottom 25% of dividend payers in the Australian market (2.65%).
High Dividend: HVN's dividend (8.1%) is in the top 25% of dividend payers in the Australian market (6.3%)
Stability and Growth of Payments
Stable Dividend: HVN's dividend payments have been volatile in the past 10 years.
Growing Dividend: HVN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.8%), HVN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (68.6%), HVN's dividend payments are covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Katie Page (65 yo)
Ms. Kay Lesley Harvey Page, also known as Katie, has been the Chief Executive Officer of Harvey Norman Holdings Limited since February 1999 and has overall executive responsibility for the operations of th...
CEO Compensation Analysis
Compensation vs Market: Katie's total compensation ($USD2.70M) is above average for companies of similar size in the Australian market ($USD1.99M).
Compensation vs Earnings: Katie's compensation has been consistent with company performance over the past year.
Experienced Management: HVN's management team is seasoned and experienced (12.5 years average tenure).
Experienced Board: HVN's board of directors are seasoned and experienced ( 20.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Harvey Norman Holdings Limited's employee growth, exchange listings and data sources
- Name: Harvey Norman Holdings Limited
- Ticker: HVN
- Exchange: ASX
- Founded: 1982
- Industry: General Merchandise Stores
- Sector: Retail
- Implied Market Cap: AU$5.360b
- Shares outstanding: 1.25b
- Website: https://www.harveynormanholdings.com.au
Number of Employees
- Harvey Norman Holdings Limited
- A1 Richmond Road
- Homebush West
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/09 00:00|
|End of Day Share Price||2022/08/09 00:00|
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 here.