Michael Hill International Limited owns and operates retail jewelry stores, and provides related services in Australia, New Zeeland, and Canada.
Flawless balance sheet, undervalued and pays a dividend.
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's share price has been volatile over the past 3 months.
7 Day Return
AU Specialty Retail
1 Year Return
AU Specialty Retail
Return vs Industry: MHJ underperformed the Australian Specialty Retail industry which returned -7% over the past year.
Return vs Market: MHJ underperformed the Australian Market which returned -9.4% over the past year.
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
2 months ago | Simply Wall StHow Does Michael Hill International's (ASX:MHJ) P/E Compare To Its Industry, After The Share Price Drop?
2 months ago | Simply Wall StDoes Michael Hill International Limited's (ASX:MHJ) Recent Track Record Look Strong?
2 months ago | Simply Wall StIs It Worth Considering Michael Hill International Limited (ASX:MHJ) For Its Upcoming Dividend?
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$0.33) is trading below our estimate of fair value (A$0.37)
Significantly Below Fair Value: MHJ is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MHJ is good value based on its PE Ratio (6.4x) compared to the Specialty Retail industry average (12.2x).
PE vs Market: MHJ is good value based on its PE Ratio (6.4x) compared to the Australian market (15.4x).
Price to Earnings Growth Ratio
PEG Ratio: MHJ is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: MHJ is good value based on its PB Ratio (0.7x) compared to the AU Specialty Retail industry average (1.8x).
How is Michael Hill International forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MHJ's forecast earnings growth (35.6% per year) is above the savings rate (2.3%).
Earnings vs Market: MHJ's earnings (35.6% per year) are forecast to grow faster than the Australian market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MHJ's revenue (2% per year) is forecast to grow slower than the Australian market (4.2% per year).
High Growth Revenue: MHJ's revenue (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 (14.5%).
How has Michael Hill International performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MHJ has high quality earnings.
Growing Profit Margin: MHJ's current net profit margins (3.4%) are higher than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: MHJ's earnings have declined by -5.9% per year over the past 5 years.
Accelerating Growth: MHJ's earnings growth over the past year (4.8%) exceeds its 5-year average (-5.9% per year).
Earnings vs Industry: MHJ earnings growth over the past year (4.8%) exceeded the Specialty Retail industry -2.2%.
Return on Equity
High ROE: MHJ's Return on Equity (11.1%) is considered low.
How is Michael Hill International's financial position?
Financial Position Analysis
Short Term Liabilities: MHJ's short term assets (A$273.3M) exceed its short term liabilities (A$169.7M).
Long Term Liabilities: MHJ's short term assets (A$273.3M) exceed its long term liabilities (A$234.1M).
Debt to Equity History and Analysis
Debt Level: MHJ's debt to equity ratio (18.3%) is considered satisfactory.
Reducing Debt: MHJ's debt to equity ratio has reduced from 23.2% to 18.3% over the past 5 years.
Debt Coverage: MHJ's debt is well covered by operating cash flow (246.4%).
Interest Coverage: MHJ's interest payments on its debt are well covered by EBIT (9.4x coverage).
What is Michael Hill International's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MHJ's dividend (9.09%) is higher than the bottom 25% of dividend payers in the Australian market (2.68%).
High Dividend: MHJ's dividend (9.09%) is in the top 25% of dividend payers in the Australian market (6.6%)
Stability and Growth of Payments
Stable Dividend: MHJ has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MHJ has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (58.1%), MHJ's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MHJ's dividends in 3 years are forecast to be covered by earnings (87.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Daniel Bracken (50yo)
Mr. Daniel Michael has been the CEO of Hill International Limited since November 15, 2018. He served as Managing Director and Director at Specialty Fashion Group Limited since September 30, 2018 until Octo ...
CEO Compensation Analysis
Compensation vs Market: Daniel's total compensation ($USD706.99K) is above average for companies of similar size in the Australian market ($USD254.05K).
Compensation vs Earnings: Insufficient data to compare Daniel's compensation with company performance.
|Chief Executive Officer||1.5yrs||AU$1.06m||0.017% A$21.4k|
|CFO & Company Secretary||2.42yrs||AU$483.61k||no data|
|Chief Operating Officer||1.33yrs||AU$498.66k||no data|
|Chief Information Officer||no data||AU$371.13k||no data|
|Chief Brand & Customer Officer||2.33yrs||AU$293.89k||no data|
|Group Executive of Supply Chain||no data||AU$312.35k||0.012% A$16.0k|
|Investor Relations Manager||no data||no data||no data|
|Chief People Officer||1.33yrs||no data||no data|
|President of North America||no data||no data||0.0079% A$10.1k|
|Company Secretary||0.17yr||no data||no data|
Experienced Management: MHJ's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Founder & Non Executive Director||3.92yrs||AU$98.52k||no data|
|Non Executive Chairman||no data||AU$197.05k||5.33% A$6.8m|
|Non-Executive Independent Director||4.17yrs||AU$128.80k||0.021% A$26.4k|
|Non-Executive Independent Director||3.92yrs||AU$118.88k||0.39% A$499.5k|
|Non-Executive Independent Director||3.92yrs||AU$89.80k||0.17% A$215.1k|
Experienced Board: MHJ's board of directors are considered experienced (3.9 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$127.966m
- Shares outstanding: 387.78m
- 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||Jul 2016|
|MHJ||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jul 2016|
|MHJ||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jul 2016|
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 Emma & Roe brand names. Its stores offer bracelets and bangles, earrings, pendants and necklaces, rings, chains, watches, gifts, and collections, as well as birthstones. As of June 30, 2019, Michael Hill International Limited operated 306 stores, including 305 Michael Hill stores and 1 Emma & Roe stores. It also offers professional care plans and in-house customer finance services; and operates Michael Hill and Emma & Roe e-commerce sites. The company was formerly known as Michael Hill New Zealand Limited and changed its name to Michael Hill International Limited in July 2016. Michael Hill International Limited was founded in 1979 and is based in Murarrie, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/30 10:56|
|End of Day Share Price||2020/05/29 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.