| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 5/6 |
JBH Overview
JB Hi-Fi Limited, together with its subsidiaries, retails home consumer products.
JB Hi-Fi Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$45.64 |
| 52 Week High | AU$42.30 |
| 52 Week Low | AU$55.25 |
| Beta | 0.72 |
| 1 Month Change | -8.08% |
| 3 Month Change | -6.23% |
| 1 Year Change | -3.00% |
| 3 Year Change | 82.41% |
| 5 Year Change | 55.72% |
| Change since IPO | 1,928.44% |
Recent News & Updates
Shareholder Returns
| JBH | AU Specialty Retail | AU Market | |
|---|---|---|---|
| 7D | 1.6% | 2.3% | -0.02% |
| 1Y | -3.0% | 37.9% | 27.0% |
Return vs Industry: JBH underperformed the Australian Specialty Retail industry which returned 37.9% over the past year.
Return vs Market: JBH underperformed the Australian Market which returned 27% over the past year.
Price Volatility
| JBH volatility | |
|---|---|
| JBH Beta | 0.72 |
| Industry Beta | 1.21 |
| Market Beta | 1 |
Stable Share Price: JBH is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: JBH's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1974 | 13,200 | Terry Smart | https://www.jbhifi.com.au |
JB Hi-Fi Limited, together with its subsidiaries, retails home consumer products. The company operates through three segments: JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys. It offers consumer electronics products and services, including televisions, audio equipment, computers, and cameras; telecommunications products and services; software products, such as music, movies, TV shows, and games; musical instruments; and home appliances comprising washers and dryers, fridges and freezers, vacuuming and cleaning, microwaves and dishwashers, coffee machines, small kitchen appliances, and heating and cooling products.
Valuation
Is JB Hi-Fi undervalued compared to its fair value and its price relative to the market?
10.37x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JBH (A$45.64) is trading above our estimate of fair value (A$44.25)
Significantly Below Fair Value: JBH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: JBH is good value based on its PE Ratio (10.4x) compared to the Australian Specialty Retail industry average (11.4x).
PE vs Market: JBH is good value based on its PE Ratio (10.4x) compared to the Australian market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: JBH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: JBH's PB Ratio (4x) is in line with the AU Specialty Retail industry average.
Future Growth
How is JB Hi-Fi forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
-7.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JBH's earnings are forecast to decline over the next 3 years (-7.4% per year).
Earnings vs Market: JBH's earnings are forecast to decline over the next 3 years (-7.4% per year).
High Growth Earnings: JBH's earnings are forecast to decline over the next 3 years.
Revenue vs Market: JBH's revenue (0.7% per year) is forecast to grow slower than the Australian market (5.3% per year).
High Growth Revenue: JBH's revenue (0.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: JBH's Return on Equity is forecast to be high in 3 years time (23.5%)
Past Performance
How has JB Hi-Fi performed over the past 5 years?
22.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JBH has high quality earnings.
Growing Profit Margin: JBH's current net profit margins (5.7%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: JBH's earnings have grown significantly by 22.8% per year over the past 5 years.
Accelerating Growth: JBH's earnings growth over the past year (67.4%) exceeds its 5-year average (22.8% per year).
Earnings vs Industry: JBH earnings growth over the past year (67.4%) underperformed the Specialty Retail industry 90.7%.
Return on Equity
High ROE: JBH's Return on Equity (38.7%) is considered high.
Financial Health
How is JB Hi-Fi's financial position?
Financial Position Analysis
Short Term Liabilities: JBH's short term assets (A$1.4B) exceed its short term liabilities (A$1.4B).
Long Term Liabilities: JBH's short term assets (A$1.4B) exceed its long term liabilities (A$591.6M).
Debt to Equity History and Analysis
Debt Level: JBH is debt free.
Reducing Debt: JBH has no debt compared to 5 years ago when its debt to equity ratio was 27.6%.
Debt Coverage: JBH has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: JBH has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is JB Hi-Fi current dividend yield, its reliability and sustainability?
6.29%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JBH's dividend (6.29%) is higher than the bottom 25% of dividend payers in the Australian market (2.3%).
High Dividend: JBH's dividend (6.29%) is in the top 25% of dividend payers in the Australian market (5.41%)
Stability and Growth of Payments
Stable Dividend: JBH's dividend payments have been volatile in the past 10 years.
Growing Dividend: JBH's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (65.1%), JBH's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: JBH's dividends in 3 years are forecast to be covered by earnings (65.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Terry Smart (56 yo)
0.083
Tenure
AU$2,275,709
Compensation
Mr. Terry David Smart serves as Chief Executive Officer and Executive Director at JB Hi-Fi Limited since August 27, 2021. He had been Managing Director of The Good Guys at JB Hi-Fi Limited since April 18,...
CEO Compensation Analysis
Compensation vs Market: Terry's total compensation ($USD1.66M) is about average for companies of similar size in the Australian market ($USD1.73M).
Compensation vs Earnings: Terry's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: JBH's management team is considered experienced (3.1 years average tenure).
Board Members
Experienced Board: JBH's board of directors are not considered experienced ( 1.2 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: JBH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
JB Hi-Fi Limited's employee growth, exchange listings and data sources
Key Information
- Name: JB Hi-Fi Limited
- Ticker: JBH
- Exchange: ASX
- Founded: 1974
- Industry: Computer and Electronics Retail
- Sector: Retail
- Market Cap: AU$5.249b
- Shares outstanding: 115.00m
- Website: https://www.jbhifi.com.au
Number of Employees
Location
- JB Hi-Fi Limited
- Podium Level
- 60 City Road
- Southbank
- Victoria
- 3006
- Australia
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/18 08:03 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/06/30 |
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.