Myer Holdings Limited

ASX:MYR Stock Report

Market Cap: AU$1.0b

Myer Holdings Valuation

Is MYR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MYR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MYR (A$1.2) is trading above our estimate of fair value (A$0.81)

Significantly Below Fair Value: MYR is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MYR?

Key metric: As MYR is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MYR. This is calculated by dividing MYR's market cap by their current earnings.
What is MYR's PE Ratio?
PE Ratio23.1x
EarningsAU$43.50m
Market CapAU$1.00b

Price to Earnings Ratio vs Peers

How does MYR's PE Ratio compare to its peers?

The above table shows the PE ratio for MYR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.1x
HVN Harvey Norman Holdings
17.3x9.0%AU$6.1b
TRS Reject Shop
22.1x34.6%AU$104.0m
WES Wesfarmers
33x8.2%AU$84.3b
NCK Nick Scali
16.1x8.5%AU$1.3b
MYR Myer Holdings
23.1x6.2%AU$1.0b

Price-To-Earnings vs Peers: MYR is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (22.1x).

Price to Earnings Ratio vs Industry

How does MYR's PE Ratio compare vs other companies in the Global Multiline Retail Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MYR 23.1xIndustry Avg. 22.4xNo. of Companies22PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MYR is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the Global Multiline Retail industry average (22.9x).

Price to Earnings Ratio vs Fair Ratio

What is MYR'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.

MYR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.1x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: MYR is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MYR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.20
AU$1.04
-13.3%
20.2%AU$1.25AU$0.83n/a2
Dec ’25AU$1.06
AU$1.04
-1.9%
20.2%AU$1.25AU$0.83n/a2
Sep ’25AU$0.83
AU$0.71
-14.4%
4.9%AU$0.75AU$0.68n/a2
Aug ’25AU$0.83
AU$0.71
-13.9%
4.9%AU$0.75AU$0.68n/a2
Jul ’25AU$0.82
AU$0.71
-12.8%
4.9%AU$0.75AU$0.68n/a2
Jun ’25AU$0.65
AU$0.71
+10.0%
4.9%AU$0.75AU$0.68n/a2
May ’25AU$0.73
AU$0.71
-2.7%
4.9%AU$0.75AU$0.68n/a2
Apr ’25AU$0.81
AU$0.71
-12.3%
4.9%AU$0.75AU$0.68n/a2
Mar ’25AU$0.80
AU$0.71
-10.1%
4.9%AU$0.75AU$0.68n/a2
Feb ’25AU$0.67
AU$0.63
-6.7%
20.0%AU$0.75AU$0.50n/a2
Jan ’25AU$0.60
AU$0.63
+4.2%
20.0%AU$0.75AU$0.50n/a2
Dec ’24AU$0.51
AU$0.63
+22.5%
20.0%AU$0.75AU$0.50AU$1.062
Nov ’24AU$0.49
AU$0.69
+40.4%
7.9%AU$0.75AU$0.64AU$0.912
Oct ’24AU$0.57
AU$0.69
+21.9%
7.9%AU$0.75AU$0.64AU$0.822
Sep ’24AU$0.69
AU$0.70
+2.9%
6.4%AU$0.75AU$0.66AU$0.832
Aug ’24AU$0.66
AU$0.70
+6.9%
7.1%AU$0.75AU$0.65AU$0.832
Jul ’24AU$0.59
AU$0.82
+39.4%
8.8%AU$0.90AU$0.75AU$0.822
Jun ’24AU$0.68
AU$0.82
+21.9%
8.8%AU$0.90AU$0.75AU$0.652
May ’24AU$0.88
AU$0.82
-6.5%
8.8%AU$0.90AU$0.75AU$0.732
Apr ’24AU$0.89
AU$0.82
-7.6%
8.8%AU$0.90AU$0.75AU$0.812
Mar ’24AU$0.90
AU$0.80
-10.6%
6.3%AU$0.85AU$0.75AU$0.802
Feb ’24AU$0.98
AU$0.66
-32.3%
29.8%AU$0.85AU$0.39AU$0.673
Jan ’24AU$0.68
AU$0.60
-12.3%
24.5%AU$0.70AU$0.39AU$0.603
Dec ’23AU$0.72
AU$0.60
-17.7%
24.5%AU$0.70AU$0.39AU$0.513

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 04:20
End of Day Share Price 2024/12/17 00:00
Earnings2024/07/27
Annual Earnings2024/07/27

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Myer Holdings Limited is covered by 21 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ben BarzachANZ Equities Pty Limited
Anthony VogelAPP Securities Pty Ltd.
Russell WrightBarclay Pearce Capital Pty Limited