Michael Hill International Limited owns and operates retail jewelry stores, and provides related services in Australia, New Zeeland, and Canada. More Details
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Michael Hill International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MHJ is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: MHJ's weekly volatility (8%) has been stable over the past year.
7 Day Return
AU Specialty Retail
1 Year Return
AU Specialty Retail
Return vs Industry: MHJ underperformed the Australian Specialty Retail industry which returned 17.9% over the past year.
Return vs Market: MHJ underperformed the Australian Market which returned -0.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Michael Hill International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StIf You Had Bought Michael Hill International's (ASX:MHJ) Shares Three Years Ago You Would Be Down 55%
2 weeks ago | Simply Wall StDoes Michael Hill International Limited's (ASX:MHJ) Weak Fundamentals Mean That The Market Could Correct Its Share Price?
1 month ago | Simply Wall StIs Michael Hill International (ASX:MHJ) Using Too Much Debt?
Is Michael Hill International undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MHJ (A$0.54) is trading below our estimate of fair value (A$3.6)
Significantly Below Fair Value: MHJ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MHJ is poor value based on its PE Ratio (68.5x) compared to the AU Specialty Retail industry average (18x).
PE vs Market: MHJ is poor value based on its PE Ratio (68.5x) compared to the Australian market (22.7x).
Price to Earnings Growth Ratio
PEG Ratio: MHJ is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: MHJ is good value based on its PB Ratio (1.4x) compared to the AU Specialty Retail industry average (2.7x).
How is Michael Hill International forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MHJ's forecast earnings growth (51.4% per year) is above the savings rate (2.3%).
Earnings vs Market: MHJ's earnings (51.4% per year) are forecast to grow faster than the Australian market (17.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MHJ's revenue (5.2% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: MHJ's revenue (5.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MHJ's Return on Equity is forecast to be low in 3 years time (16.1%).
How has Michael Hill International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MHJ has a large one-off loss of A$8.5M impacting its June 28 2020 financial results.
Growing Profit Margin: MHJ's current net profit margins (0.6%) are lower than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: MHJ's earnings have declined by 12.5% per year over the past 5 years.
Accelerating Growth: MHJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MHJ had negative earnings growth (-81.5%) over the past year, making it difficult to compare to the Specialty Retail industry average (-0.04%).
Return on Equity
High ROE: MHJ's Return on Equity (2%) is considered low.
How is Michael Hill International's financial position?
Financial Position Analysis
Short Term Liabilities: MHJ's short term assets (A$221.0M) exceed its short term liabilities (A$159.4M).
Long Term Liabilities: MHJ's short term assets (A$221.0M) exceed its long term liabilities (A$188.4M).
Debt to Equity History and Analysis
Debt Level: MHJ's debt to equity ratio (7%) is considered satisfactory.
Reducing Debt: MHJ's debt to equity ratio has reduced from 24% to 7% over the past 5 years.
Debt Coverage: MHJ's debt is well covered by operating cash flow (781.1%).
Interest Coverage: MHJ's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is Michael Hill International current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MHJ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MHJ's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MHJ's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MHJ's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MHJ is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MHJ's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Daniel Bracken (51 yo)
Mr. Daniel Bracken has been the CEO of Hill International Limited since November 15, 2018. He served as Managing Director and Director at Specialty Fashion Group Limited since September 30, 2018 until Octo...
CEO Compensation Analysis
Compensation vs Market: Daniel's total compensation ($USD802.10K) is above average for companies of similar size in the Australian market ($USD527.94K).
Compensation vs Earnings: Insufficient data to compare Daniel's compensation with company performance.
|Chief Executive Officer||2yrs||AU$1.09m||no data|
|CFO & Company Secretary||2.92yrs||AU$508.10k||no data|
|Chief Operating Officer||1.83yrs||AU$523.08k||no data|
|Chief Information Officer||no data||AU$371.13k||no data|
|Investor Relations Manager||no data||no data||no data|
|Chief People Officer||1.83yrs||no data||no data|
|Chief Brand & Customer Officer||2.83yrs||AU$293.89k||no data|
|President of North America||no data||no data||0.0079% |
|Company Secretary||0.33yr||no data||no data|
|Group Executive of Supply Chain||no data||AU$312.35k||0.012% |
Experienced Management: MHJ's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
|Founder & Non Executive Director||4.42yrs||AU$97.99k||no data|
|Non Executive Chairman||no data||AU$170.85k||4.94% |
|Non-Executive Independent Director||4.75yrs||AU$114.24k||0.021% |
|Non-Executive Director||0.33yr||no data||0.041% |
|Non-Executive Independent Director||4.42yrs||AU$105.55k||0.69% |
Experienced Board: MHJ's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MHJ 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.
Michael Hill International Limited's company bio, employee growth, exchange listings and data sources
- Name: Michael Hill International Limited
- Ticker: MHJ
- Exchange: ASX
- Founded: 1979
- Industry: Specialty Stores
- Sector: Retail
- Market Cap: AU$211.374m
- Shares outstanding: 387.84m
- Website: https://www.michaelhill.com.au
- Michael Hill International Limited
- Metroplex on Gateway
- 7 Smallwood Place
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MHJ||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||Jan 1992|
|MHJ||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
|MHJ||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jan 1992|
Michael Hill International Limited owns and operates retail jewelry stores, and provides related services in Australia, New Zeeland, and Canada. The company operates its stores under the Michael Hill and E...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/25 10:39|
|End of Day Share Price||2020/11/25 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.