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PMV

Premier Investments ASX:PMV Stock Report

Last Price

AU$22.55

Market Cap

AU$3.8b

7D

6.3%

1Y

-24.9%

Updated

30 Sep, 2022

Data

Company Financials +
PMV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends5/6

PMV Stock Overview

Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe.

Premier Investments Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Premier Investments
Historical stock prices
Current Share PriceAU$22.55
52 Week HighAU$32.62
52 Week LowAU$19.06
Beta0.95
1 Month Change5.97%
3 Month Change15.94%
1 Year Change-24.91%
3 Year Change19.63%
5 Year Change76.03%
Change since IPO1,704.00%

Recent News & Updates

Sep 30
Why The 20% Return On Capital At Premier Investments (ASX:PMV) Should Have Your Attention

Why The 20% Return On Capital At Premier Investments (ASX:PMV) Should Have Your Attention

To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...

Shareholder Returns

PMVAU Specialty RetailAU Market
7D6.3%1.8%-0.5%
1Y-24.9%-20.5%-9.7%

Return vs Industry: PMV underperformed the Australian Specialty Retail industry which returned -20.5% over the past year.

Return vs Market: PMV underperformed the Australian Market which returned -9.7% over the past year.

Price Volatility

Is PMV's price volatile compared to industry and market?
PMV volatility
PMV Average Weekly Movement6.2%
Specialty Retail Industry Average Movement7.1%
Market Average Movement9.5%
10% most volatile stocks in AU Market16.7%
10% least volatile stocks in AU Market4.2%

Stable Share Price: PMV is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: PMV's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/an/ahttps://www.premierinvestments.com.au

Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe. It operates through two segments, Retail and Investment. The company offers casual wear, women’s wear, and non-apparel products.

Premier Investments Fundamentals Summary

How do Premier Investments's earnings and revenue compare to its market cap?
PMV fundamental statistics
Market CapAU$3.77b
Earnings (TTM)AU$285.17m
Revenue (TTM)AU$1.52b

12.6x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PMV income statement (TTM)
RevenueAU$1.52b
Cost of RevenueAU$527.72m
Gross ProfitAU$989.16m
Other ExpensesAU$703.98m
EarningsAU$285.17m

Last Reported Earnings

Jul 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.79
Gross Margin65.21%
Net Profit Margin18.80%
Debt/Equity Ratio4.1%

How did PMV perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

59%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 PMV?

Other financial metrics that can be useful for relative valuation.

PMV 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/Revenue2.4x
Enterprise Value/EBITDA10.2x
PEG Ratio-11x

Price to Earnings Ratio vs Peers

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

PMV PE Ratio vs Peers
The above table shows the PE ratio for PMV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.3x
AX1 Accent Group
22x18.8%AU$720.7m
UNI Universal Store Holdings
16.7x17.0%AU$354.3m
BST Best & Less Group Holdings
8.1x10.9%AU$279.6m
CCX City Chic Collective
14.1x16.6%AU$329.1m
PMV Premier Investments
12.6x-1.1%AU$3.8b

Price-To-Earnings vs Peers: PMV is good value based on its Price-To-Earnings Ratio (12.6x) compared to the peer average (15.3x).


Price to Earnings Ratio vs Industry

How does PMV's PE Ratio compare vs other companies in the AU Specialty Retail Industry?

Price-To-Earnings vs Industry: PMV is expensive based on its Price-To-Earnings Ratio (12.6x) compared to the Australian Specialty Retail industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is PMV'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.

PMV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.6x
Fair PE Ratio13.8x

Price-To-Earnings vs Fair Ratio: PMV is good value based on its Price-To-Earnings Ratio (12.6x) compared to the estimated Fair Price-To-Earnings Ratio (13.8x).


Share Price vs Fair Value

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

Below Fair Value: PMV (A$22.55) is trading below our estimate of fair value (A$51.74)

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


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 Premier Investments forecast to perform in the next 1 to 3 years based on estimates from 13 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


-1.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PMV's earnings are forecast to decline over the next 3 years (-1.1% per year).

Earnings vs Market: PMV's earnings are forecast to decline over the next 3 years (-1.1% per year).

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

Revenue vs Market: PMV's revenue (2.1% per year) is forecast to grow slower than the Australian market (3.6% per year).

High Growth Revenue: PMV's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PMV's Return on Equity is forecast to be low in 3 years time (13.5%).


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Past Performance

How has Premier Investments performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


26.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PMV has high quality earnings.

Growing Profit Margin: PMV's current net profit margins (18.8%) are higher than last year (18.7%).


Past Earnings Growth Analysis

Earnings Trend: PMV's earnings have grown significantly by 26.5% per year over the past 5 years.

Accelerating Growth: PMV's earnings growth over the past year (4.9%) is below its 5-year average (26.5% per year).

Earnings vs Industry: PMV earnings growth over the past year (4.9%) exceeded the Specialty Retail industry -0.5%.


Return on Equity

High ROE: PMV's Return on Equity (17%) is considered low.


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Financial Health

How is Premier Investments's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PMV's short term assets (A$717.1M) exceed its short term liabilities (A$394.4M).

Long Term Liabilities: PMV's short term assets (A$717.1M) exceed its long term liabilities (A$232.9M).


Debt to Equity History and Analysis

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

Reducing Debt: PMV's debt to equity ratio has reduced from 12.9% to 4.1% over the past 5 years.

Debt Coverage: PMV's debt is well covered by operating cash flow (515.2%).

Interest Coverage: PMV's interest payments on its debt are well covered by EBIT (37.2x coverage).


Balance Sheet


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Dividend

What is Premier Investments's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.79%

Current Dividend Yield

Dividend Yield vs Market

Premier Investments Dividend Yield vs Market
How does Premier Investments dividend yield compare to the market?
SegmentDividend Yield
Company (Premier Investments)4.8%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.2%
Industry Average (Specialty Retail)6.0%
Analyst forecast in 3 Years (Premier Investments)4.5%

Notable Dividend: PMV's dividend (4.79%) is higher than the bottom 25% of dividend payers in the Australian market (2.77%).

High Dividend: PMV's dividend (4.79%) is low compared to the top 25% of dividend payers in the Australian market (7.18%).


Stability and Growth of Payments

Stable Dividend: PMV's dividends per share have been stable in the past 10 years.

Growing Dividend: PMV's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (59.1%), PMV's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (49.5%), PMV'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?

3.5yrs

Average management tenure


CEO

Premier Investments has no CEO, or we have no data on them.


Leadership Team

Experienced Management: PMV's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: PMV's board of directors are seasoned and experienced ( 12.8 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

ASX:PMV Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
28 Jan 22SellAU$19,454,193Perpetual LimitedCompany650,339AU$32.21
27 Jan 22BuyAU$2,721,288Perpetual LimitedCompany97,841AU$30.35
20 Oct 21SellAU$50,011,950Perpetual LimitedCompany1,615,895AU$30.95

Ownership Breakdown

What is the ownership structure of PMV?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders14,657,6679.2%
Institutions44,637,04728.1%
General Public48,128,92230.3%
Private Companies51,569,40032.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 69.07% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
32.44%
Century Plaza Investments Pty. Ltd.
51,569,400A$1.2b0%no data
7.97%
Solomon Lew
12,673,030A$285.8m0%no data
7.79%
Magellan Asset Management Limited
12,381,525A$279.2m0%0.54%
6.84%
Perpetual Limited
10,881,477A$245.4m0%3.8%
2.77%
The Vanguard Group, Inc.
4,396,444A$99.1m3.02%no data
2.23%
Commonwealth Superannuation Corporation
3,544,881A$79.9m0%0.9%
1.62%
Linfox Share Investment Pty Ltd.
2,577,014A$58.1m0%100%
1.24%
Dimensional Fund Advisors LP
1,966,153A$44.3m-7.98%0.01%
1%
BlackRock, Inc.
1,582,768A$35.7m-1.62%no data
0.93%
Goldman Sachs Asset Management, L.P.
1,472,890A$33.2m17.52%0.01%
0.79%
Argo Investments Limited
1,250,000A$28.2m0%0.47%
0.62%
Mark McInnes
982,100A$22.1m0%no data
0.49%
Norges Bank Investment Management
775,428A$17.5m0%no data
0.37%
Milton Corporation Limited
590,321A$13.3m0%0.77%
0.36%
Wilson Asset Management (International) Pty Limited
574,279A$12.9m0%0.56%
0.3%
Con Zempilas
470,000A$10.6m0%no data
0.2%
State Street Global Advisors, Inc.
319,148A$7.2m2.47%no data
0.16%
Colonial First State Investments Limited
259,261A$5.8m0%0.04%
0.16%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
256,399A$5.8m-47.26%no data
0.16%
George Chapman
250,000A$5.6m0%no data
0.15%
American Century Investment Management Inc
244,674A$5.5m6.61%no data
0.13%
Jupiter Fund Management Plc
212,861A$4.8m9.52%0.01%
0.13%
Charles Schwab Investment Management, Inc.
206,186A$4.6m1.91%no data
0.13%
David Bull
201,472A$4.5m0%no data
0.11%
BetaShares Capital Limited
176,591A$4.0m3.99%0.03%

Company Information

Premier Investments Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Premier Investments Limited
  • Ticker: PMV
  • Exchange: ASX
  • Founded: 1987
  • Industry: Apparel Retail
  • Sector: Retail
  • Implied Market Cap: AU$3.767b
  • Shares outstanding: 158.99m
  • Website: https://www.premierinvestments.com.au

Number of Employees


Location

  • Premier Investments Limited
  • 417 St Kilda Road
  • Level 7
  • Melbourne
  • Victoria
  • 3004
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PMVASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
PMVCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/07/31
Annual Earnings2022/07/31


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.