Executive Summary
Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe. More Details
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet and pays a dividend.
Similar Companies
Share Price & News
How has Premier Investments's share price performed over time and what events caused price changes?
Latest Share Price and Events
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.
Market Performance
7 Day Return
-6.0%
PMV
0.6%
AU Specialty Retail
1.4%
AU Market
1 Year Return
13.8%
PMV
25.2%
AU Specialty Retail
-0.6%
AU Market
Return vs Industry: PMV underperformed the Australian Specialty Retail industry which returned 25.2% over the past year.
Return vs Market: PMV exceeded the Australian Market which returned -0.6% over the past year.
Shareholder returns
| PMV | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.0% | 0.6% | 1.4% |
| 30 Day | -2.3% | 4.3% | 3.0% |
| 90 Day | 4.5% | 7.5% | 11.9% |
| 1 Year | 18.0%13.8% | 29.8%25.2% | 2.8%-0.6% |
| 3 Year | 71.4%53.2% | 77.7%55.4% | 27.0%11.4% |
| 5 Year | 109.5%74.4% | 97.1%56.5% | 68.6%34.6% |
Long-Term Price Volatility Vs. Market
How volatile is Premier Investments's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall St
Premier Investments's (ASX:PMV) Earnings Are Growing But Is There More To The Story?1 week ago | Simply Wall St
Is Premier Investments (ASX:PMV) A Future Multi-bagger?3 weeks ago | Simply Wall St
Premier Investments Limited (ASX:PMV) Is Yielding 2.9% - But Is It A Buy?Valuation
Is Premier Investments undervalued compared to its fair value and its price relative to the market?
21.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PMV (A$22.86) is trading below our estimate of fair value (A$29.15)
Significantly Below Fair Value: PMV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PMV is poor value based on its PE Ratio (26.3x) compared to the AU Specialty Retail industry average (20.6x).
PE vs Market: PMV is poor value based on its PE Ratio (26.3x) compared to the Australian market (23x).
Price to Earnings Growth Ratio
PEG Ratio: PMV is poor value based on its PEG Ratio (6.6x)
Price to Book Ratio
PB vs Industry: PMV's PB Ratio (2.7x) is in line with the AU Specialty Retail industry average.
Next Steps
Future Growth
How is Premier Investments forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
4.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PMV's forecast earnings growth (4% per year) is above the savings rate (2%).
Earnings vs Market: PMV's earnings (4% per year) are forecast to grow slower than the Australian market (18.8% per year).
High Growth Earnings: PMV's earnings are forecast to grow, but not significantly.
Revenue vs Market: PMV's revenue (4% per year) is forecast to grow slower than the Australian market (5.4% per year).
High Growth Revenue: PMV's revenue (4% 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 (12.6%).
Next Steps
Past Performance
How has Premier Investments performed over the past 5 years?
4.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PMV has high quality earnings.
Growing Profit Margin: PMV's current net profit margins (11.1%) are higher than last year (8.4%).
Past Earnings Growth Analysis
Earnings Trend: PMV's earnings have grown by 4.1% per year over the past 5 years.
Accelerating Growth: PMV's earnings growth over the past year (29.1%) exceeds its 5-year average (4.1% per year).
Earnings vs Industry: PMV earnings growth over the past year (29.1%) exceeded the Specialty Retail industry -0.04%.
Return on Equity
High ROE: PMV's Return on Equity (10.2%) is considered low.
Next Steps
Financial Health
How is Premier Investments's financial position?
Financial Position Analysis
Short Term Liabilities: PMV's short term assets (A$646.3M) exceed its short term liabilities (A$515.3M).
Long Term Liabilities: PMV's short term assets (A$646.3M) exceed its long term liabilities (A$339.8M).
Debt to Equity History and Analysis
Debt Level: PMV's debt to equity ratio (11.1%) is considered satisfactory.
Reducing Debt: PMV's debt to equity ratio has increased from 4.7% to 11.1% over the past 5 years.
Debt Coverage: PMV's debt is well covered by operating cash flow (324.6%).
Interest Coverage: PMV's interest payments on its debt are well covered by EBIT (12.9x coverage).
Balance Sheet
Next Steps
Dividend
What is Premier Investments's current dividend yield, its reliability and sustainability?
3.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PMV's dividend (3.06%) is higher than the bottom 25% of dividend payers in the Australian market (2.05%).
High Dividend: PMV's dividend (3.06%) is low compared to the top 25% of dividend payers in the Australian market (4.99%).
Stability and Growth of Payments
Stable Dividend: PMV's dividend payments have been volatile in the past 10 years.
Growing Dividend: PMV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (80.6%), PMV's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PMV's dividends in 3 years are forecast to be covered by earnings (77.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.1yrs
Average board tenure
CEO
Premier Investments has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO of Premier Retail & Executive Director (Leave of Absence) | 8.08yrs | AU$5.42m | 0.62% A$ 22.5m | |
| Chairman of the Board | 12.83yrs | no data | 7.98% A$ 289.7m | |
| Non-Executive Director | 9.08yrs | AU$104.00k | 0.0072% A$ 262.9k | |
| Non-Executive Director | 18.42yrs | AU$121.33k | 0.018% A$ 644.3k | |
| Independent Deputy Chairman | 5.5yrs | AU$156.00k | no data | |
| Independent Non-Executive Director | 4.75yrs | AU$294.67k | no data | |
| Independent Non-Executive Director | 2.83yrs | AU$104.00k | no data | |
| Non-Executive Director | 12.83yrs | AU$104.00k | 0.017% A$ 632.3k | |
| Lead Independent Director | 6.25yrs | AU$121.33k | 0.0032% A$ 114.4k |
8.1yrs
Average Tenure
55yo
Average Age
Experienced Board: PMV's board of directors are considered experienced (8.1 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Premier Investments Limited
- Ticker: PMV
- Exchange: ASX
- Founded: 1987
- Industry: Apparel Retail
- Sector: Retail
- Market Cap: AU$3.632b
- Shares outstanding: 158.86m
- Website: https://www.premierinvestments.com.au
Number of Employees
Location
- Premier Investments Limited
- 417 St Kilda Road
- Level 7
- Melbourne
- Victoria
- 3004
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PMV | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
| PMV | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Jan 1992 |
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 07:01 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/07/25 |
| Annual Earnings | 2020/07/25 |
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.