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PMV

Premier Investments ASX:PMV Stock Report

Last Price

AU$19.45

Market Cap

AU$3.1b

7D

-3.6%

1Y

-30.8%

Updated

03 Jul, 2022

Data

Company Financials +
PMV fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
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$19.45
52 Week HighAU$32.62
52 Week LowAU$19.06
Beta0.91
1 Month Change-13.82%
3 Month Change-28.41%
1 Year Change-30.76%
3 Year Change26.88%
5 Year Change50.66%
Change since IPO1,456.00%

Recent News & Updates

Jun 24
We Like These Underlying Return On Capital Trends At Premier Investments (ASX:PMV)

We Like These Underlying Return On Capital Trends At Premier Investments (ASX:PMV)

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...

Jun 08
Here's Why I Think Premier Investments (ASX:PMV) Might Deserve Your Attention Today

Here's Why I Think Premier Investments (ASX:PMV) Might Deserve Your Attention Today

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

May 03
What Is Premier Investments Limited's (ASX:PMV) Share Price Doing?

What Is Premier Investments Limited's (ASX:PMV) Share Price Doing?

Premier Investments Limited ( ASX:PMV ), is not the largest company out there, but it received a lot of attention from...

Shareholder Returns

PMVAU Specialty RetailAU Market
7D-3.6%-1.2%-0.5%
1Y-30.8%-33.0%-12.2%

Return vs Industry: PMV exceeded the Australian Specialty Retail industry which returned -33% over the past year.

Return vs Market: PMV underperformed the Australian Market which returned -12.2% over the past year.

Price Volatility

Is PMV's price volatile compared to industry and market?
PMV volatility
PMV Average Weekly Movement3.8%
Specialty Retail Industry Average Movement5.9%
Market Average Movement9.9%
10% most volatile stocks in AU Market16.6%
10% least volatile stocks in AU Market4.4%

Stable Share Price: PMV is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PMV's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19879,000n/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$3.09b
Earnings (TTM)AU$247.31m
Revenue (TTM)AU$1.43b

12.5x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PMV income statement (TTM)
RevenueAU$1.43b
Cost of RevenueAU$506.51m
Gross ProfitAU$923.20m
Other ExpensesAU$675.89m
EarningsAU$247.31m

Last Reported Earnings

Jan 29, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.56
Gross Margin64.57%
Net Profit Margin17.30%
Debt/Equity Ratio4.3%

How did PMV perform over the long term?

See historical performance and comparison

Dividends

4.7%

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

  • PEG Ratio

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/Revenue2x
Enterprise Value/EBITDA8.3x
PEG Ratio5.7x

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 Average15x
AX1 Accent Group
17.4x32.1%AU$677.1m
UNI Universal Store Holdings
13.5x14.9%AU$297.9m
CCX City Chic Collective
20.7x20.2%AU$429.7m
BST Best&Less Group Holdings
8.4x12.5%AU$277.1m
PMV Premier Investments
12.5x2.2%AU$3.1b

Price-To-Earnings vs Peers: PMV is good value based on its Price-To-Earnings Ratio (12.5x) compared to the peer average (15x).


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 (12.5x) compared to the Australian Specialty Retail industry average (8.8x)


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 Ratio12.5x
Fair PE Ratio13.9x

Price-To-Earnings vs Fair Ratio: PMV is good value based on its Price-To-Earnings Ratio (12.5x) compared to the estimated Fair Price-To-Earnings Ratio (13.9x).


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$19.45) is trading below our estimate of fair value (A$49.41)

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


Price to Earnings Growth Ratio

PEG Ratio: PMV is poor value based on its PEG Ratio (5.7x)


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Future Growth

How is Premier Investments forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PMV's forecast earnings growth (2.2% per year) is above the savings rate (1.8%).

Earnings vs Market: PMV's earnings (2.2% per year) are forecast to grow slower than the Australian market (5.6% per year).

High Growth Earnings: PMV's earnings are forecast to grow, but not significantly.

Revenue vs Market: PMV's revenue (2.8% per year) is forecast to grow slower than the Australian market (5.1% per year).

High Growth Revenue: PMV's revenue (2.8% 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 (14.2%).


Discover growth companies

Past Performance

How has Premier Investments performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PMV has high quality earnings.

Growing Profit Margin: PMV's current net profit margins (17.3%) are lower than last year (17.4%).


Past Earnings Growth Analysis

Earnings Trend: PMV's earnings have grown significantly by 23.9% per year over the past 5 years.

Accelerating Growth: PMV's earnings growth over the past year (9.5%) is below its 5-year average (23.9% per year).

Earnings vs Industry: PMV earnings growth over the past year (9.5%) underperformed the Specialty Retail industry 22.8%.


Return on Equity

High ROE: PMV's Return on Equity (15.3%) is considered low.


Discover strong past performing companies

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$717.3M) exceed its short term liabilities (A$426.1M).

Long Term Liabilities: PMV's short term assets (A$717.3M) exceed its long term liabilities (A$225.9M).


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 5.6% to 4.3% over the past 5 years.

Debt Coverage: PMV's debt is well covered by operating cash flow (467.9%).

Interest Coverage: PMV's interest payments on its debt are well covered by EBIT (33.4x 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

  • Future Dividend Coverage


4.73%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PMV's dividend (4.73%) is higher than the bottom 25% of dividend payers in the Australian market (2.75%).

High Dividend: PMV's dividend (4.73%) is low compared to the top 25% of dividend payers in the Australian market (6.87%).


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 (46.1%), 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?

3.4yrs

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 (3.4 years average tenure).


Board Members

Experienced Board: PMV's board of directors are seasoned and experienced ( 12.6 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

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$3.092b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 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.