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MYR

Myer HoldingsASX:MYR Stock Report

Market Cap

AU$410.6m

7D

-1.0%

1Y

35.1%

Updated

27 Nov, 2021

Data

Company Financials +
MYR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends0/6

MYR Stock Overview

Myer Holdings Limited, together with its subsidiaries, operates department stores in Australia.

Myer Holdings Competitors

Amazon.com

NasdaqGS:AMZN

US$1.8t

Wesfarmers

ASX:WES

AU$66.4b

eBay

NasdaqGS:EBAY

US$45.4b

Woolworths Group

ASX:WOW

AU$48.7b

Price History & Performance

Summary of all time highs, changes and price drops for Myer Holdings
Historical stock prices
Current Share PriceAU$0.50
52 Week HighAU$0.64
52 Week LowAU$0.26
Beta2.19
1 Month Change-9.09%
3 Month Change-5.66%
1 Year Change35.14%
3 Year Change9.89%
5 Year Change-60.94%
Change since IPO-86.67%

Recent News & Updates

Sep 16
Here's Why Myer Holdings (ASX:MYR) Can Manage Its Debt Responsibly

Here's Why Myer Holdings (ASX:MYR) Can Manage Its Debt Responsibly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Aug 03
Estimating The Intrinsic Value Of Myer Holdings Limited (ASX:MYR)

Estimating The Intrinsic Value Of Myer Holdings Limited (ASX:MYR)

Today we will run through one way of estimating the intrinsic value of Myer Holdings Limited ( ASX:MYR ) by taking the...

Mar 31
Myer Holdings (ASX:MYR) Will Will Want To Turn Around Its Return Trends

Myer Holdings (ASX:MYR) Will Will Want To Turn Around Its Return Trends

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Mar 10
Trade Alert: The Independent Non-Executive Director Of Myer Holdings Limited (ASX:MYR), David Whittle, Has Just Spent AU$57k Buying 300% More Shares

Trade Alert: The Independent Non-Executive Director Of Myer Holdings Limited (ASX:MYR), David Whittle, Has Just Spent AU$57k Buying 300% More Shares

Even if it's not a huge purchase, we think it was good to see that David Whittle, the Independent Non-Executive...

Shareholder Returns

MYRAU Multiline RetailAU Market
7D-1.0%-1.2%-1.6%
1Y35.1%16.9%11.7%

Return vs Industry: MYR exceeded the Australian Multiline Retail industry which returned 16.9% over the past year.

Return vs Market: MYR exceeded the Australian Market which returned 11.7% over the past year.

Price Volatility

Is MYR's price volatile compared to industry and market?
MYR volatility
MYR Average Weekly Movement8.0%
Multiline Retail Industry Average Movement3.0%
Market Average Movement8.3%
10% most volatile stocks in AU Market15.8%
10% least volatile stocks in AU Market3.7%

Stable Share Price: MYR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: MYR's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1900n/aJohn Kinghttps://www.myer.com.au

Myer Holdings Limited, together with its subsidiaries, operates department stores in Australia. It offers womenswear, menswear, childrenswear, homewares, beauty products, electrical goods, toys, gift products, and general merchandise. The company operates 59 stores under the Myer brand name.

Myer Holdings Fundamentals Summary

How do Myer Holdings's earnings and revenue compare to its market cap?
MYR fundamental statistics
Market CapAU$410.64m
Earnings (TTM)AU$46.40m
Revenue (TTM)AU$2.25b

8.9x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYR income statement (TTM)
RevenueAU$2.25b
Cost of RevenueAU$1.19b
Gross ProfitAU$1.06b
ExpensesAU$1.01b
EarningsAU$46.40m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.056
Gross Margin46.92%
Net Profit Margin2.06%
Debt/Equity Ratio29.4%

How did MYR perform over the long term?

See historical performance and comparison

Valuation

Is Myer Holdings undervalued compared to its fair value and its price relative to the market?

35.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MYR (A$0.5) is trading below our estimate of fair value (A$0.78)

Significantly Below Fair Value: MYR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MYR is good value based on its PE Ratio (8.9x) compared to the Global Multiline Retail industry average (19.2x).

PE vs Market: MYR is good value based on its PE Ratio (8.9x) compared to the Australian market (18.8x).


Price to Earnings Growth Ratio

PEG Ratio: MYR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MYR is overvalued based on its PB Ratio (1.8x) compared to the XX Multiline Retail industry average (1.6x).


Future Growth

How is Myer Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MYR's earnings are forecast to decline over the next 3 years (-3.8% per year).

Earnings vs Market: MYR's earnings are forecast to decline over the next 3 years (-3.8% per year).

High Growth Earnings: MYR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MYR's revenue (2.4% per year) is forecast to grow slower than the Australian market (5.2% per year).

High Growth Revenue: MYR's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MYR's Return on Equity is forecast to be low in 3 years time (17.2%).


Past Performance

How has Myer Holdings performed over the past 5 years?

1.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MYR has high quality earnings.

Growing Profit Margin: MYR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: MYR has become profitable over the past 5 years, growing earnings by 1.7% per year.

Accelerating Growth: MYR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: MYR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Multiline Retail industry (20.2%).


Return on Equity

High ROE: MYR's Return on Equity (20.4%) is considered high.


Financial Health

How is Myer Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: MYR's short term assets (A$506.9M) do not cover its short term liabilities (A$590.3M).

Long Term Liabilities: MYR's short term assets (A$506.9M) do not cover its long term liabilities (A$1.7B).


Debt to Equity History and Analysis

Debt Level: MYR has more cash than its total debt.

Reducing Debt: MYR's debt to equity ratio has increased from 13.4% to 29.4% over the past 5 years.

Debt Coverage: MYR's debt is well covered by operating cash flow (414.7%).

Interest Coverage: MYR's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Dividend

What is Myer Holdings's current dividend yield, its reliability and sustainability?

4.75%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MYR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MYR'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 MYR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MYR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: MYR is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MYR's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.1yrs

Average management tenure


CEO

John King (58 yo)

3.42yrs

Tenure

AU$2,433,212

Compensation

Mr. John Anthony King has been the Chief Executive Officer, Managing Director and Director of Myer Holdings Limited since June 4, 2018. He has overall accountability for Myer strategy and performance. Mr....


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD1.73M) is above average for companies of similar size in the Australian market ($USD558.56K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MYR's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: MYR's board of directors are not considered experienced ( 2.5 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: MYR 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

Myer Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Myer Holdings Limited
  • Ticker: MYR
  • Exchange: ASX
  • Founded: 1900
  • Industry: Department Stores
  • Sector: Retail
  • Market Cap: AU$410.639m
  • Shares outstanding: 821.28m
  • Website: https://www.myer.com.au

Number of Employees


Location

  • Myer Holdings Limited
  • 800 Collins Street
  • Level 7
  • Docklands
  • Victoria
  • 3008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/27 07:01
End of Day Share Price2021/11/26 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


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.