Harvey Norman Holdings Future Growth

Future criteria checks 2/6

Harvey Norman Holdings is forecast to grow earnings and revenue by 9.1% and 11.6% per annum respectively. EPS is expected to grow by 8.6% per annum. Return on equity is forecast to be 10.3% in 3 years.

Key information

9.1%

Earnings growth rate

8.6%

EPS growth rate

Multiline Retail earnings growth	8.4%
Revenue growth rate	11.6%
Future return on equity	10.3%
Analyst coverage	Good
Last updated	20 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

CHIA:HVN - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	4,810	487	468	648	8
6/30/2026	4,524	453	428	593	9
6/30/2025	4,228	407	410	623	9
6/30/2024	2,803	352	494	687	N/A
3/31/2024	2,793	363	565	762	N/A
12/31/2023	2,783	374	635	836	N/A
9/30/2023	2,780	457	564	758	N/A
6/30/2023	2,776	540	493	680	N/A
3/31/2023	2,789	643	373	526	N/A
12/31/2022	2,802	747	253	372	N/A
9/30/2022	2,805	779	378	485	N/A
6/30/2022	2,807	812	502	597	N/A
3/31/2022	2,788	811	569	658	N/A
12/31/2021	2,769	810	636	718	N/A
9/30/2021	2,769	826	540	631	N/A
6/30/2021	2,768	841	444	544	N/A
3/31/2021	2,649	785	752	847	N/A
12/31/2020	2,530	729	1,060	1,150	N/A
9/30/2020	2,413	605	1,011	1,104	N/A
6/30/2020	2,295	481	963	1,057	N/A
3/31/2020	2,296	437	689	792	N/A
12/31/2019	2,298	393	415	526	N/A
9/30/2019	2,266	398	347	450	N/A
6/30/2019	2,234	402	279	373	N/A
3/31/2019	2,190	396	262	355	N/A
12/31/2018	2,147	390	245	337	N/A
9/30/2018	2,070	383	303	396	N/A
6/30/2018	1,994	375	360	454	N/A
3/31/2018	1,936	387	N/A	431	N/A
12/31/2017	1,879	399	N/A	408	N/A
9/30/2017	1,856	424	N/A	417	N/A
6/30/2017	1,833	449	N/A	425	N/A
3/31/2017	1,847	435	N/A	500	N/A
12/31/2016	1,860	420	N/A	575	N/A
9/30/2016	1,828	384	N/A	507	N/A
6/30/2016	1,796	349	N/A	438	N/A
3/31/2016	1,743	330	N/A	392	N/A
12/31/2015	1,690	312	N/A	346	N/A
9/30/2015	1,653	290	N/A	343	N/A
6/30/2015	1,617	268	N/A	340	N/A
3/31/2015	1,597	255	N/A	316	N/A
12/31/2014	1,576	242	N/A	292	N/A
9/30/2014	1,545	227	N/A	315	N/A
6/30/2014	1,514	212	N/A	339	N/A
3/31/2014	1,469	192	N/A	314	N/A
12/31/2013	1,424	172	N/A	289	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HVN's forecast earnings growth (9.1% per year) is above the savings rate (2.6%).

Earnings vs Market: HVN's earnings (9.1% per year) are forecast to grow slower than the Australian market (12.4% per year).

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

Revenue vs Market: HVN's revenue (11.6% per year) is forecast to grow faster than the Australian market (5.7% per year).

High Growth Revenue: HVN's revenue (11.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HVN's Return on Equity is forecast to be low in 3 years time (10.3%).

Harvey Norman Holdings Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Recent updates

Upcoming dividend of AU$0.12 per share

Harvey Norman Holdings Limited, Annual General Meeting, Nov 27, 2024

Final dividend of AU$0.12 announced

Full year 2024 earnings released: EPS: AU$0.28 (vs AU$0.43 in FY 2023)

Now 37% undervalued after recent price drop

Now 26% undervalued after recent price drop

Upcoming dividend of AU$0.10 per share

First half dividend reduced to AU$0.10

First half 2024 earnings released: EPS: AU$0.16 (vs AU$0.29 in 1H 2023)

Upcoming dividend of AU$0.12 per share at 6.3% yield

Full year 2023 earnings released: EPS: AU$0.43 (vs AU$0.65 in FY 2022)

Now 21% undervalued

Harvey Norman Holdings Limited to Report First Half, 2024 Results on Feb 29, 2024

Full year 2023 earnings released: EPS: AU$0.43 (vs AU$0.65 in FY 2022)

New minor risk - Profit margin trend

Harvey Norman Holdings Limited to Report Fiscal Year 2023 Results on Aug 31, 2023

Upcoming dividend of AU$0.13 per share at 8.2% yield

Co-Founder recently bought AU$29m worth of stock

Co-Founder recently bought AU$8.0m worth of stock

First half 2023 earnings released: EPS: AU$0.29 (vs AU$0.35 in 1H 2022)

Less than half of directors are independent

Upcoming dividend of AU$0.17 per share

Harvey Norman Holdings Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings released: EPS: AU$0.65 (vs AU$0.68 in FY 2021)

Harvey Norman Holdings Limited Announces Fully Franked Ordinary Paid Dividend for the Six Months Ended June 30, 2022, Payable on November 14, 2022

Less than half of directors are independent

Upcoming dividend of AU$0.20 per share

Co-Founder recently bought AU$3.4m worth of stock

First half 2022 earnings: EPS in line with expectations, revenues disappoint

Harvey Norman Holdings Limited Recommends Fully Franked Interim Dividend, Payable on 2 May 2022

Independent Non-Executive Director recently bought AU$50k worth of stock

Upcoming dividend of AU$0.15 per share

Co-Founder recently bought AU$2.0m worth of stock

Full year 2021 earnings released: EPS AU$0.68 (vs AU$0.39 in FY 2020)

Co-Founder recently bought AU$998k worth of stock

Upcoming dividend of AU$0.20 per share

First half 2021 earnings released: EPS AU$0.37 (vs AU$0.18 in 1H 2020)

Harvey Norman Holdings Limited to Report Fiscal Year 2021 Results on Aug 31, 2021

New 90-day high: AU$5.62

Harvey Norman Holdings Limited(ASX:HVNRB) dropped from FTSE All-World Index (USD)

New 90-day high: AU$5.00

Harvey Norman Holdings Limited Elects Luisa Catanzaro as Director

Full year earnings released - EPS AU$0.39

Co-Founder recently bought AU$1.0m worth of stock

New 90-day high: AU$4.58

Harvey Norman Holdings Limited to Report First Half, 2021 Results on Feb 26, 2021

Full year earnings released

New 90-day high - AU$4.35

New 90-day high - AU$4.04

Harvey Norman Holdings Limited (ASX:HVN) completed the acquisition of 2nds World.

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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