Executive Summary
Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Singapore, Hong Kong, Malaysia, the United Kingdom, and the Republic of Ireland.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
7.1%
PMV
2.9%
AU Specialty Retail
1.4%
AU Market
1 Year Return
35.6%
PMV
40.9%
AU Specialty Retail
16.1%
AU Market
Return vs Industry: PMV underperformed the Australian Specialty Retail industry which returned 40.9% over the past year.
Return vs Market: PMV exceeded the Australian Market which returned 16.1% over the past year.
Shareholder returns
| PMV | Industry | Market | |
|---|---|---|---|
| 7 Day | 7.1% | 2.9% | 1.4% |
| 30 Day | 5.1% | -0.6% | 0.8% |
| 90 Day | 7.1% | 3.3% | 4.4% |
| 1 Year | 40.9%35.6% | 47.4%40.9% | 21.2%16.1% |
| 3 Year | 73.0%54.1% | 34.3%17.1% | 37.0%18.6% |
| 5 Year | 133.8%93.7% | 91.8%54.8% | 51.7%17.8% |
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
6 days ago | Simply Wall St
Does Premier Investments's (ASX:PMV) Statutory Profit Adequately Reflect Its Underlying Profit?2 weeks ago | Simply Wall St
Can We See Significant Insider Ownership On The Premier Investments Limited (ASX:PMV) Share Register?3 weeks ago | Simply Wall St
Did Premier Investments's (ASX:PMV) Share Price Deserve to Gain 94%?Valuation
Is Premier Investments undervalued compared to its fair value and its price relative to the market?
2.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PMV (A$21.31) is trading below our estimate of fair value (A$21.87)
Significantly Below Fair Value: PMV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PMV is poor value based on its PE Ratio (31.6x) compared to the Specialty Retail industry average (17x).
PE vs Market: PMV is poor value based on its PE Ratio (31.6x) compared to the Australian market (18.8x).
Price to Earnings Growth Ratio
PEG Ratio: PMV is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: PMV is overvalued based on its PB Ratio (2.5x) compared to the AU Specialty Retail industry average (2.3x).
Next Steps
Future Growth
How is Premier Investments forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
14.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PMV's forecast earnings growth (14.4% per year) is above the savings rate (1.1%).
Earnings vs Market: PMV's earnings (14.4% per year) are forecast to grow faster than the Australian market (9.3% per year).
High Growth Earnings: PMV's earnings are forecast to grow, but not significantly.
Revenue vs Market: PMV's revenue (5.4% per year) is forecast to grow faster than the Australian market (4.1% per year).
High Growth Revenue: PMV's revenue (5.4% 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 (12.5%).
Next Steps
Past Performance
How has Premier Investments performed over the past 5 years?
4.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PMV has high quality earnings.
Growing Profit Margin: PMV's current net profit margins (8.4%) are higher than last year (7%).
Past Earnings Growth Analysis
Earnings Trend: PMV's earnings have grown by 4.2% per year over the past 5 years.
Accelerating Growth: PMV's earnings growth over the past year (27.5%) exceeds its 5-year average (4.2% per year).
Earnings vs Industry: PMV earnings growth over the past year (27.5%) exceeded the Specialty Retail industry -2.3%.
Return on Equity
High ROE: PMV's Return on Equity (7.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Premier Investments's financial position?
Financial Position Analysis
Short Term Liabilities: PMV's short term assets (A$405.2M) exceed its short term liabilities (A$144.9M).
Long Term Liabilities: PMV's short term assets (A$405.2M) exceed its long term liabilities (A$274.5M).
Debt to Equity History and Analysis
Debt Level: PMV's debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: PMV's debt to equity ratio has increased from 9.2% to 12.6% over the past 5 years.
Debt Coverage: PMV's debt is well covered by operating cash flow (81.6%).
Interest Coverage: PMV's interest payments on its debt are well covered by EBIT (21.2x coverage).
Balance Sheet
Inventory Level: PMV has a high level of physical assets or inventory.
Debt Coverage by Assets: PMV's debt is covered by short term assets (assets are 2.4x debt).
Next Steps
Dividend
What is Premier Investments's current dividend yield, its reliability and sustainability?
3.47%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PMV's dividend (3.47%) is higher than the bottom 25% of dividend payers in the Australian market (2.29%).
High Dividend: PMV's dividend (3.47%) is low compared to the top 25% of dividend payers in the Australian market (5.5%).
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: With its high payout ratio (103.7%), PMV's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PMV's dividends in 3 years are forecast to be covered by earnings (80.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.2yrs
Average board tenure
CEO
Premier Investments has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO Premier Retail & Executive Director | 7.2yrs | AU$6.15m | 0.46% A$15.6m | |
| Chairman of the Board | 11.9yrs | no data | 8% A$270.1m | |
| Non-Executive Director | 8.2yrs | AU$100.00k | 0.0050% A$170.5k | |
| Non-Executive Director | 17.5yrs | AU$120.00k | 0.018% A$600.8k | |
| Independent Deputy Chairman | 4.6yrs | AU$160.00k | no data | |
| Non-Executive Director | 3.8yrs | AU$340.00k | no data | |
| Independent Non-Executive Director | 1.9yrs | AU$100.00k | no data | |
| Non-Executive Director | 11.9yrs | AU$80.00k | 0.017% A$589.6k | |
| Lead Independent Director | 5.3yrs | AU$120.00k | 0.0032% A$106.7k |
7.2yrs
Average Tenure
54yo
Average Age
Experienced Board: PMV's board of directors are considered experienced (7.2 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
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$3.377b
- Shares outstanding: 158.47m
- Website: https://www.premierinvestments.com.au
Number of Employees
Location
- Premier Investments Limited
- 101 Collins Street
- Level 53
- Melbourne
- Victoria
- 3000
- 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, Singapore, Hong Kong, Malaysia, the United Kingdom, and the Republic of Ireland. It operates through Retail and Investment segments. The company offers casual wear, women’s wear, and non-apparel products. It has a portfolio of retail brands consisting of Just Jeans, Jay Jays, Jacqui E, Portmans, Dotti, Peter Alexander, and Smiggle. The company provides its products through approximately 1,200 stores, as well as through wholesale and online. In addition, it invests in listed securities and money market deposits. The company was incorporated in 1987 and is based in Melbourne, Australia.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 10:35 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/07/27 |
| Annual Earnings | 2019/07/27 |
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.