How does HNOR.Y's PE Ratio compare to its peers?

HNOR.Y is expensive based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (14.9x).

How does HNOR.Y's PE Ratio compare vs other companies in the North American Multiline Retail Industry?

HNOR.Y is good value based on its Price-To-Earnings Ratio (16.7x) compared to the Global Multiline Retail industry average (22.2x).

What is HNOR.Y's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate HNOR.Y's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of HNOR.Y when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

HNOR.Y ($13.4) is trading below our estimate of [[fair value]] ($20.9)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

HNOR.Y Stock Overview

Engages in the integrated retail, franchise, property, and digital system businesses. More details

HNOR.Y fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	1/6
Financial Health	5/6
Dividends	5/6

Rewards

Trading at 35.9% below our estimate of its fair value

Earnings are forecast to grow 9.03% per year

Risk Analysis

Shares are highly illiquid

Unstable dividend track record

Profit margins (12.6%) are lower than last year (19.4%)

My Notes

Capture your thoughts, links and company narrative

Harvey Norman Holdings Limited Competitors

Nordstrom

NYSE:JWN

US$4.0b

Macy's

NYSE:M

US$4.7b

Dillard's

NYSE:DDS

US$7.2b

Vipshop Holdings

NYSE:VIPS

US$7.0b

Price History & Performance

Summary of share price highs, lows and changes for Harvey Norman Holdings
Historical stock prices
Current Share Price	AU$13.40
52 Week High	AU$17.60
52 Week Low	AU$13.40
Beta	0.81
1 Month Change	-9.95%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-5.40%
Change since IPO	77.67%

Recent updates

Shareholder Returns

	HNOR.Y	US Multiline Retail	US Market
7D	0%	-1.1%	-0.4%
1Y	n/a	36.3%	24.8%

Return vs Industry: Insufficient data to determine how HNOR.Y performed against the US Multiline Retail industry.

Return vs Market: Insufficient data to determine how HNOR.Y performed against the US Market.

Price Volatility

Is HNOR.Y's price volatile compared to industry and market?
HNOR.Y volatility
HNOR.Y Average Weekly Movement	n/a
Multiline Retail Industry Average Movement	6.9%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

Stable Share Price: HNOR.Y's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine HNOR.Y's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1982	6,500	Katie Page	www.harveynormanholdings.com.au

Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses. It franchises and sells products in various categories, including electrical goods, furniture, computerized communications, bedding and Manchester, kitchen and small appliances, bathroom and tiles, and carpets and floorings. It operates complexes under the Harvey Norman, Domayne, and Joyce Mayne brands.

Harvey Norman Holdings Limited Fundamentals Summary

How do Harvey Norman Holdings's earnings and revenue compare to its market cap?
HNOR.Y fundamental statistics
Market cap	US$3.65b
Earnings (TTM)	US$219.49m
Revenue (TTM)	US$1.75b

16.7x

P/E Ratio

2.1x

P/S Ratio

Is HNOR.Y overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HNOR.Y income statement (TTM)
Revenue	AU$2.80b
Cost of Revenue	AU$1.93b
Gross Profit	AU$872.34m
Other Expenses	AU$519.89m
Earnings	AU$352.45m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.28
Gross Margin	31.12%
Net Profit Margin	12.57%
Debt/Equity Ratio	20.8%

How did HNOR.Y perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

78%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/24 06:08
End of Day Share Price	2024/12/04 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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

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 .

Analyst Sources

Harvey Norman Holdings Limited is covered by 26 analysts. 12 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