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The Warehouse Group LimitedNZSE:WHS Stock Report

Market Cap NZ$226.2m
Share Price
NZ$0.64
NZ$1.15
44.3% undervalued intrinsic discount
1Y-25.6%
7D3.2%
1D
Portfolio Value
View

The Warehouse Group Limited

NZSE:WHS Stock Report

Market Cap: NZ$226.2m

Warehouse Group (WHS) Stock Overview

Engages in the operation of retail stores in New Zealand. More details

WHS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health2/6
Dividends0/6

WHS Community Fair Values

Create Narrative

See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

The Warehouse Group Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Warehouse Group
Historical stock prices
Current Share PriceNZ$0.64
52 Week HighNZ$1.00
52 Week LowNZ$0.61
Beta0.19
1 Month Change-4.48%
3 Month Change-13.51%
1 Year Change-25.58%
3 Year Change-60.74%
5 Year Change-81.40%
Change since IPO-47.93%

Recent News & Updates

New Narrative Apr 12

Store Expansion And Cost Reset Will Shape Margins While Keeping Shares Fairly Valued

Catalysts About Warehouse Group Warehouse Group operates a multi brand retail business in New Zealand across general merchandise, stationery and consumer electronics. What are the underlying business or industry changes driving this perspective?
New Narrative Mar 29

Leaner Operating Model And Category Focus Will Transform Long Term Profitability

Catalysts About Warehouse Group The Warehouse Group is a New Zealand retail group operating The Warehouse, Warehouse Stationery and Noel Leeming across general merchandise, technology and office supplies. What are the underlying business or industry changes driving this perspective?

Recent updates

New Narrative Apr 12

Store Expansion And Cost Reset Will Shape Margins While Keeping Shares Fairly Valued

Catalysts About Warehouse Group Warehouse Group operates a multi brand retail business in New Zealand across general merchandise, stationery and consumer electronics. What are the underlying business or industry changes driving this perspective?
New Narrative Mar 29

Leaner Operating Model And Category Focus Will Transform Long Term Profitability

Catalysts About Warehouse Group The Warehouse Group is a New Zealand retail group operating The Warehouse, Warehouse Stationery and Noel Leeming across general merchandise, technology and office supplies. What are the underlying business or industry changes driving this perspective?
User avatar
New Narrative Mar 10

Focusing On Core Brands And Efficiency Will Strengthen Future Position In New Zealand Retail

Streamlining efforts focus on divesting non-core businesses and investing in core brands to enhance operational efficiency and profitability.
Analysis Article Jul 22

The Warehouse Group Limited (NZSE:WHS) Shares Fly 36% But Investors Aren't Buying For Growth

The Warehouse Group Limited ( NZSE:WHS ) shareholders would be excited to see that the share price has had a great...
Analysis Article Jun 25

Warehouse Group (NZSE:WHS) Takes On Some Risk With Its Use Of Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article May 31

The Warehouse Group Limited (NZSE:WHS) Looks Inexpensive But Perhaps Not Attractive Enough

With a price-to-earnings (or "P/E") ratio of 9.5x The Warehouse Group Limited ( NZSE:WHS ) may be sending bullish...
Analysis Article May 08

Returns On Capital At Warehouse Group (NZSE:WHS) Paint A Concerning Picture

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Amongst other things...
Analysis Article Mar 27

We Think You Can Look Beyond Warehouse Group's (NZSE:WHS) Lackluster Earnings

The Warehouse Group Limited's ( NZSE:WHS ) recent soft profit numbers didn't appear to worry shareholders, as the stock...
Analysis Article Nov 17

We Discuss Why The Warehouse Group Limited's (NZSE:WHS) CEO Compensation May Be Closely Reviewed

Key Insights Warehouse Group's Annual General Meeting to take place on 23rd of November Salary of NZ$1.59m is part of...
Analysis Article Oct 26

Warehouse Group's (NZSE:WHS) Shareholders Will Receive A Smaller Dividend Than Last Year

The Warehouse Group Limited ( NZSE:WHS ) is reducing its dividend from last year's comparable payment to NZ$0.0941 on...
Analysis Article Oct 12

Warehouse Group's (NZSE:WHS) Dividend Is Being Reduced To NZ$0.0941

The Warehouse Group Limited ( NZSE:WHS ) has announced that on 1st of December, it will be paying a dividend...
Analysis Article Nov 18

It's Unlikely That The Warehouse Group Limited's (NZSE:WHS) CEO Will See A Huge Pay Rise This Year

Performance at The Warehouse Group Limited ( NZSE:WHS ) has been reasonably good and CEO Nick Grayston has done a...
Analysis Article Nov 09

Warehouse Group (NZSE:WHS) Is Paying Out Less In Dividends Than Last Year

The Warehouse Group Limited's ( NZSE:WHS ) dividend is being reduced from last year's payment covering the same period...
Analysis Article Oct 26

Warehouse Group (NZSE:WHS) Is Paying Out Less In Dividends Than Last Year

The Warehouse Group Limited's ( NZSE:WHS ) dividend is being reduced from last year's payment covering the same period...
Analysis Article Aug 02

The Warehouse Group Limited's (NZSE:WHS) Intrinsic Value Is Potentially 75% Above Its Share Price

In this article we are going to estimate the intrinsic value of The Warehouse Group Limited ( NZSE:WHS ) by taking the...
Analysis Article Apr 28

Is The Warehouse Group Limited (NZSE:WHS) Trading At A 34% Discount?

Does the April share price for The Warehouse Group Limited ( NZSE:WHS ) reflect what it's really worth? Today, we will...
Analysis Article Apr 11

Here's Why I Think Warehouse Group (NZSE:WHS) Is An Interesting Stock

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article May 11

Do Warehouse Group's (NZSE:WHS) Earnings Warrant Your Attention?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Analysis Article Apr 14

Returns On Capital At Warehouse Group (NZSE:WHS) Have Hit The Brakes

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article Mar 01

Here's What We Think About Warehouse Group's (NZSE:WHS) CEO Pay

This article will reflect on the compensation paid to Nick Grayston who has served as CEO of The Warehouse Group...
Analysis Article Feb 11

Has The Warehouse Group Limited's (NZSE:WHS) Impressive Stock Performance Got Anything to Do With Its Fundamentals?

Most readers would already be aware that Warehouse Group's (NZSE:WHS) stock increased significantly by 30% over the...
Analysis Article Jan 24

Does Warehouse Group's (NZSE:WHS) Statutory Profit Adequately Reflect Its Underlying Profit?

It might be old fashioned, but we really like to invest in companies that make a profit, each and every year. Having...
Analysis Article Jan 06

What Do The Returns On Capital At Warehouse Group (NZSE:WHS) Tell Us?

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...

Shareholder Returns

WHSNZ Multiline RetailNZ Market
7D3.2%3.9%0.09%
1Y-25.6%-9.9%2.4%

Return vs Industry: WHS underperformed the NZ Multiline Retail industry which returned -9.9% over the past year.

Return vs Market: WHS underperformed the NZ Market which returned 2.4% over the past year.

Price Volatility

Is WHS's price volatile compared to industry and market?
WHS volatility
WHS Average Weekly Movement5.6%
Multiline Retail Industry Average Movement5.6%
Market Average Movement4.0%
10% most volatile stocks in NZ Market8.0%
10% least volatile stocks in NZ Market2.9%

Stable Share Price: WHS has not had significant price volatility in the past 3 months compared to the NZ market.

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

About the Company

FoundedEmployeesCEOWebsite
19826,407Mark Stirtonwww.thewarehousegroup.co.nz

The Warehouse Group Limited, together with its subsidiaries, engages in the operation of retail stores in New Zealand. The company sells general merchandise, apparels, technology, appliance, and stationery products. The Warehouse Group Limited operates its physical retails stores under The Warehouse Stores, Warehouse Stationery Stores, and Noel Leeming Stores; and online stores under The Warehouse Stores, Warehouse Stationery Stores, and Noel Leeming Stores; Torpedo7, and TheMarket.com brand names.

The Warehouse Group Limited Fundamentals Summary

How do Warehouse Group's earnings and revenue compare to its market cap?
WHS fundamental statistics
Market capNZ$226.21m
Earnings (TTM)NZ$1.19m
Revenue (TTM)NZ$3.09b
185.4x
P/E Ratio
0.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
WHS income statement (TTM)
RevenueNZ$3.09b
Cost of RevenueNZ$2.10b
Gross ProfitNZ$993.82m
Other ExpensesNZ$992.62m
EarningsNZ$1.19m

Last Reported Earnings

Feb 01, 2026

Next Earnings Date

Sep 24, 2026

Earnings per share (EPS)0.0035
Gross Margin32.15%
Net Profit Margin0.039%
Debt/Equity Ratio43.8%

How did WHS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/25 08:09
End of Day Share Price 2026/05/25 00:00
Earnings2026/02/01
Annual Earnings2025/08/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Warehouse Group Limited is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael GoltsmanCitigroup Inc
Christopher ByrneDeutsche Bank
Paul KorauaForsyth Barr Group Ltd.