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MYR

Myer Holdings ASX:MYR Stock Report

Last Price

AU$0.51

Market Cap

AU$418.9m

7D

5.2%

1Y

-1.9%

Updated

11 Aug, 2022

Data

Company Financials +
MYR fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health2/6
Dividends3/6

MYR Stock Overview

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

Myer Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Myer Holdings
Historical stock prices
Current Share PriceAU$0.51
52 Week HighAU$0.64
52 Week LowAU$0.29
Beta2.37
1 Month Change32.90%
3 Month Change13.48%
1 Year Change-1.94%
3 Year Change-2.89%
5 Year Change-33.11%
Change since IPO-86.53%

Recent News & Updates

Jul 26
Is Myer Holdings Limited (ASX:MYR) Trading At A 43% Discount?

Is Myer Holdings Limited (ASX:MYR) Trading At A 43% Discount?

How far off is Myer Holdings Limited ( ASX:MYR ) from its intrinsic value? Using the most recent financial data, we'll...

Shareholder Returns

MYRAU Multiline RetailAU Market
7D5.2%0.4%0.5%
1Y-1.9%-26.5%-8.8%

Return vs Industry: MYR exceeded the Australian Multiline Retail industry which returned -26.5% over the past year.

Return vs Market: MYR exceeded the Australian Market which returned -8.8% over the past year.

Price Volatility

Is MYR's price volatile compared to industry and market?
MYR volatility
MYR Average Weekly Movement10.6%
Multiline Retail Industry Average Movement4.6%
Market Average Movement10.5%
10% most volatile stocks in AU Market17.8%
10% least volatile stocks in AU Market4.6%

Stable Share Price: MYR is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: MYR's weekly volatility (11%) 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$418.85m
Earnings (TTM)AU$35.70m
Revenue (TTM)AU$2.34b

11.6x

P/E Ratio

0.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MYR income statement (TTM)
RevenueAU$2.34b
Cost of RevenueAU$1.24b
Gross ProfitAU$1.10b
Other ExpensesAU$1.06b
EarningsAU$35.70m

Last Reported Earnings

Jan 29, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.043
Gross Margin46.88%
Net Profit Margin1.52%
Debt/Equity Ratio21.5%

How did MYR perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

35%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MYR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA9x
PEG Ratio-35.4x

Price to Earnings Ratio vs Peers

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

MYR PE Ratio vs 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.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.7x
MHJ Michael Hill International
9.4x4.3%AU$417.4m
TRS Reject Shop
24.8x44.5%AU$168.6m
PWR Peter Warren Automotive Holdings
10.8x-3.8%AU$430.9m
ASG Autosports Group
9x-6.0%AU$413.7m
MYR Myer Holdings
11.6x-0.3%AU$418.9m

Price-To-Earnings vs Peers: MYR is good value based on its Price-To-Earnings Ratio (11.6x) compared to the peer average (13.7x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: MYR is good value based on its Price-To-Earnings Ratio (11.6x) compared to the Global Multiline Retail industry average (16.1x)


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 Ratio11.6x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: MYR is good value based on its Price-To-Earnings Ratio (11.6x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


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$0.51) is trading above our estimate of fair value (A$0.49)

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


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.3%

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 (-0.3% per year).

Earnings vs Market: MYR's earnings are forecast to decline over the next 3 years (-0.3% per year).

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

Revenue vs Market: MYR's revenue (1.8% per year) is forecast to grow slower than the Australian market (6% per year).

High Growth Revenue: MYR's revenue (1.8% 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 (17.1%).


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Past Performance

How has Myer Holdings performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.0%

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 26% 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 (-3.9%).


Return on Equity

High ROE: MYR's Return on Equity (13.5%) is considered low.


Discover strong past performing companies

Financial Health

How is Myer Holdings's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MYR's short term assets (A$697.6M) do not cover its short term liabilities (A$730.1M).

Long Term Liabilities: MYR's short term assets (A$697.6M) 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 8.6% to 21.5% over the past 5 years.

Debt Coverage: MYR's debt is well covered by operating cash flow (313%).

Interest Coverage: MYR's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.94%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: MYR's dividend (5.94%) is higher than the bottom 25% of dividend payers in the Australian market (2.65%).

High Dividend: MYR's dividend (5.94%) is low compared to the top 25% of dividend payers in the Australian market (6.33%).


Stability and Growth of Payments

Stable Dividend: MYR's dividend payments have been volatile in the past 10 years.

Growing Dividend: MYR's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.8%), MYR's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (19.5%), MYR's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

3.8yrs

Average management tenure


CEO

John King (59 yo)

4.17yrs

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 ($USD1.73M) is above average for companies of similar size in the Australian market ($USD559.99K).

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 (3.8 years average tenure).


Board Members

Experienced Board: MYR's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if 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
  • Implied Market Cap: AU$418.852m
  • 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 Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/01/29
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.