Executive Summary
JB Hi-Fi Limited, together with its subsidiaries, retails home consumer products. More Details
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has JB Hi-Fi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: JBH is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: JBH's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0.5%
JBH
2.6%
AU Specialty Retail
2.4%
AU Market
1 Year Return
22.1%
JBH
16.9%
AU Specialty Retail
-0.6%
AU Market
Return vs Industry: JBH exceeded the Australian Specialty Retail industry which returned 16.9% over the past year.
Return vs Market: JBH exceeded the Australian Market which returned -0.6% over the past year.
Shareholder returns
| JBH | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.5% | 2.6% | 2.4% |
| 30 Day | -7.3% | 0.6% | 8.0% |
| 90 Day | -10.5% | 6.2% | 8.8% |
| 1 Year | 27.3%22.1% | 20.9%16.9% | 2.7%-0.6% |
| 3 Year | 124.4%93.9% | 77.1%55.4% | 24.3%9.0% |
| 5 Year | 230.5%157.2% | 83.3%45.9% | 56.9%25.7% |
Long-Term Price Volatility Vs. Market
How volatile is JB Hi-Fi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
8 months ago | Simply Wall St
Does JB Hi-Fi's (ASX:JBH) Share Price Gain of 49% Match Its Business Performance?8 months ago | Simply Wall St
Does JB Hi-Fi Limited's (ASX:JBH) Past Performance Indicate A Stronger Future?8 months ago | Simply Wall St
JB Hi-Fi (ASX:JBH) Has A Pretty Healthy Balance SheetValuation
Is JB Hi-Fi undervalued compared to its fair value and its price relative to the market?
17.4x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: JBH (A$45.78) is trading above our estimate of fair value (A$40.32)
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 (17.4x) compared to the AU Specialty Retail industry average (17.8x).
PE vs Market: JBH is good value based on its PE Ratio (17.4x) compared to the Australian market (22.8x).
Price to Earnings Growth Ratio
PEG Ratio: JBH is poor value based on its PEG Ratio (22.4x)
Price to Book Ratio
PB vs Industry: JBH is overvalued based on its PB Ratio (4.8x) compared to the AU Specialty Retail industry average (2.7x).
Next Steps
Future Growth
How is JB Hi-Fi forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
0.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: JBH's forecast earnings growth (0.8% per year) is below the savings rate (2.3%).
Earnings vs Market: JBH's earnings (0.8% per year) are forecast to grow slower than the Australian market (17.8% per year).
High Growth Earnings: JBH's earnings are forecast to grow, but not significantly.
Revenue vs Market: JBH's revenue (2.1% per year) is forecast to grow slower than the Australian market (5.1% per year).
High Growth Revenue: JBH's revenue (2.1% 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 (22.7%)
Next Steps
Past Performance
How has JB Hi-Fi performed over the past 5 years?
15.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: JBH has high quality earnings.
Growing Profit Margin: JBH's current net profit margins (3.8%) are higher than last year (3.5%).
Past Earnings Growth Analysis
Earnings Trend: JBH's earnings have grown by 15.9% per year over the past 5 years.
Accelerating Growth: JBH's earnings growth over the past year (21%) exceeds its 5-year average (15.9% per year).
Earnings vs Industry: JBH earnings growth over the past year (21%) exceeded the Specialty Retail industry -0.04%.
Return on Equity
High ROE: JBH's Return on Equity (27.3%) is considered high.
Next Steps
Financial Health
How is JB Hi-Fi's financial position?
Financial Position Analysis
Short Term Liabilities: JBH's short term assets (A$1.2B) do not cover its short term liabilities (A$1.3B).
Long Term Liabilities: JBH's short term assets (A$1.2B) exceed its long term liabilities (A$700.7M).
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 39.6%.
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
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Dividend
What is JB Hi-Fi current dividend yield, its reliability and sustainability?
4.13%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: JBH's dividend (4.13%) is higher than the bottom 25% of dividend payers in the Australian market (2.08%).
High Dividend: JBH's dividend (4.13%) is low compared to the top 25% of dividend payers in the Australian market (5.05%).
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 (71.8%), 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 (67.5% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Richard Murray
6.33yrs
Tenure
AU$3,895,586
Compensation
Mr. Richard Murray, B.Comm, Grad.Dip. Applied Finance & Investment, C.A., ASIA, F.C.A., has been the Group Chief Executive Officer of JB Hi-Fi Limited ("Company") since July 1, 2014 and served as its Inter...
CEO Compensation Analysis
Compensation vs Market: Richard's total compensation ($USD2.87M) is above average for companies of similar size in the Australian market ($USD1.88M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 6.33yrs | AU$3.90m | 0.12% A$ 6.3m | |
| Group Chief Financial Officer | 6.33yrs | AU$2.15m | 0.042% A$ 2.2m | |
| Managing Director of The Good Guys | no data | AU$2.53m | 0.0082% A$ 427.1k | |
| Managing Director of the JB Hi-Fi Business | 2.25yrs | AU$2.49m | 0.027% A$ 1.4m | |
| Company Secretary | 8.42yrs | no data | no data |
6.3yrs
Average Tenure
Experienced Management: JBH's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Group CEO & Executive Director | 6.33yrs | AU$3.90m | 0.12% A$ 6.3m | |
| Independent Non-Executive Director | 9.58yrs | AU$134.00k | 0.0042% A$ 218.5k | |
| Independent Non-Executive Chairman | 0.33yr | AU$156.25k | 0.0039% A$ 204.4k | |
| Independent Non-Executive Director | 3.67yrs | AU$151.07k | 0.0035% A$ 181.5k | |
| Independent Non-Executive Director | 9.5yrs | AU$180.00k | 0.0050% A$ 263.3k | |
| Independent Non-Executive Director | 0.42yr | AU$11.37k | 0.0013% A$ 68.3k |
6.0yrs
Average Tenure
Experienced Board: JBH's board of directors are considered experienced (6 years average tenure).
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 company bio, 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$5.215b
- Shares outstanding: 114.88m
- Website: https://www.jbhifi.com.au
Number of Employees
Location
- JB Hi-Fi Limited
- Podium Level
- 60 City Road
- Southbank
- Victoria
- 3006
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JBH | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2003 |
| JB3 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2003 |
| JBH | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 2003 |
Biography
JB Hi-Fi Limited, together with its subsidiaries, retails home consumer products. It operates through three segments: JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys. The company offers consume...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 07:00 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.