Harvey Norman Holdings Past Earnings Performance

Past criteria checks 2/6

Harvey Norman Holdings has been growing earnings at an average annual rate of 7.9%, while the Multiline Retail industry saw earnings growing at 14.8% annually. Revenues have been growing at an average rate of 5.9% per year. Harvey Norman Holdings's return on equity is 8.4%, and it has net margins of 13.4%.

Key information

7.9%

Earnings growth rate

7.0%

EPS growth rate

Multiline Retail Industry Growth	12.6%
Revenue growth rate	5.9%
Return on equity	8.4%
Net Margin	13.4%
Last Earnings Update	31 Dec 2023

Recent past performance updates

No updates

Recent updates

Revenue & Expenses Breakdown

How Harvey Norman Holdings makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:HNOR.F Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2,783	374	1,344
30 Sep 23	2,780	457	1,333
30 Jun 23	2,776	540	1,322
31 Mar 23	2,789	643	1,324
31 Dec 22	2,802	747	1,326
30 Sep 22	2,805	779	1,314
30 Jun 22	2,807	812	1,302
31 Mar 22	2,788	811	1,271
31 Dec 21	2,769	810	1,240
30 Sep 21	2,769	826	1,237
30 Jun 21	2,768	841	1,234
31 Mar 21	2,649	785	1,196
31 Dec 20	2,530	729	1,159
30 Sep 20	2,413	605	1,151
30 Jun 20	2,295	481	1,144
31 Mar 20	2,296	437	1,187
31 Dec 19	2,298	393	1,231
30 Sep 19	2,266	398	1,245
30 Jun 19	2,234	402	1,258
31 Mar 19	2,190	396	1,264
31 Dec 18	2,147	390	1,270
30 Sep 18	2,070	383	1,256
30 Jun 18	1,994	375	1,243
31 Mar 18	1,936	387	1,209
31 Dec 17	1,879	399	1,174
30 Sep 17	1,856	424	1,157
30 Jun 17	1,833	449	1,141
31 Mar 17	1,847	435	1,151
31 Dec 16	1,860	420	1,161
30 Sep 16	1,828	384	1,161
30 Jun 16	1,796	349	1,162
31 Mar 16	1,743	330	1,145
31 Dec 15	1,690	312	1,128
30 Sep 15	1,653	290	1,104
30 Jun 15	1,617	268	1,081
31 Mar 15	1,597	255	1,058
31 Dec 14	1,576	242	1,035
30 Sep 14	1,545	227	1,025
30 Jun 14	1,514	212	1,014
31 Mar 14	1,469	192	1,001
31 Dec 13	1,424	172	989
30 Sep 13	1,373	157	976

Quality Earnings: HNOR.F has high quality earnings.

Growing Profit Margin: HNOR.F's current net profit margins (13.4%) are lower than last year (26.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HNOR.F's earnings have grown by 7.9% per year over the past 5 years.

Accelerating Growth: HNOR.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HNOR.F had negative earnings growth (-49.9%) over the past year, making it difficult to compare to the Multiline Retail industry average (71.3%).

Return on Equity

High ROE: HNOR.F's Return on Equity (8.4%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/07/31 19:05
End of Day Share Price	2024/05/03 00:00
Earnings	2023/12/31
Annual Earnings	2023/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Harvey Norman Holdings Limited is covered by 26 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	APP Securities Pty Ltd.
Russell Wright	Barclay Pearce Capital Pty Limited
Thomas Kierath	Barrenjoey Markets Pty Limited