MICHAEL HILL INTERNATIONAL LIMITED Financials Michael Hill International Limited New Zealand S.E.
Equities
MHJ
AU000000MHJ4
Apparel & Accessories Retailers
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 0.455 NZD | -4.21% |
|
-10.78% | -54.04% |
| May. 20 | Michael Hill International Posts 4.7% Sales Increase for 45 Weeks Ended May 12 | MT |
| Mar. 25 | Michael Hill to Move Corporate Head Office from Melbourne to Brisbane | MT |
Valuation
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 209.4 | 131.8 | 326 | 399.9 | 339.8 | 161.5 | - | - |
| Enterprise Value (EV) 1 | 234.2 | 289.3 | 387.4 | 304.1 | 331.5 | 198 | 216.3 | 229 |
| P/E ratio | 12.7 x | 43 x | 7.22 x | 8.68 x | 9.94 x | 45.7 x | 9.23 x | 6.14 x |
| Yield | 7.41% | 4.41% | 5.36% | 7.28% | 8.38% | 4.73% | 6.79% | 9.87% |
| Capitalization / Revenue | 0.37 x | 0.27 x | 0.59 x | 0.67 x | 0.54 x | 0.26 x | 0.25 x | 0.24 x |
| EV / Revenue | 0.42 x | 0.59 x | 0.7 x | 0.51 x | 0.53 x | 0.32 x | 0.34 x | 0.34 x |
| EV / EBITDA | 4.34 x | 3.33 x | 3.59 x | 2.65 x | 2.84 x | 2.48 x | 2.19 x | 2.04 x |
| EV / FCF | 8.3 x | 3.73 x | - | - | 7.24 x | 7.4 x | 3.87 x | 4.52 x |
| FCF Yield | 12% | 26.8% | - | - | 13.8% | 13.5% | 25.8% | 22.1% |
| Price to Book | 1.18 x | 0.86 x | 1.69 x | 2.05 x | 1.8 x | 1.02 x | 0.94 x | 0.96 x |
| Nbr of stocks (in thousands) | 387,750 | 387,775 | 388,142 | 388,285 | 379,689 | 384,624 | - | - |
| Reference price 2 | 0.5400 | 0.3400 | 0.8400 | 1.030 | 0.8950 | 0.4200 | 0.4200 | 0.4200 |
| Announcement Date | 8/16/19 | 8/18/20 | 8/22/21 | 8/28/22 | 8/24/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 563.4 | 492.1 | 556.5 | 595.2 | 629.6 | 617.3 | 644.4 | 668.1 |
| EBITDA 1 | 53.97 | 86.85 | 107.9 | 114.8 | 116.6 | 79.75 | 98.62 | 112.1 |
| EBIT 1 | 34.61 | 25.69 | 56.59 | 62.87 | 58.89 | 16.06 | 33.79 | 46.15 |
| Operating Margin | 6.14% | 5.22% | 10.17% | 10.56% | 9.35% | 2.6% | 5.24% | 6.91% |
| Earnings before Tax (EBT) 1 | 18.81 | 4.485 | 64.81 | 65.7 | 49.75 | 1.261 | 21.68 | 34.13 |
| Net income 1 | 16.5 | 3.059 | 45.33 | 46.71 | 35.18 | 4.316 | 16.88 | 25.25 |
| Net margin | 2.93% | 0.62% | 8.15% | 7.85% | 5.59% | 0.7% | 2.62% | 3.78% |
| EPS 2 | 0.0425 | 0.007900 | 0.1163 | 0.1186 | 0.0900 | 0.009200 | 0.0455 | 0.0684 |
| Free Cash Flow 1 | 28.22 | 77.59 | - | - | 45.8 | 26.75 | 55.9 | 50.7 |
| FCF margin | 5.01% | 15.77% | - | - | 7.28% | 4.33% | 8.68% | 7.59% |
| FCF Conversion (EBITDA) | 52.28% | 89.34% | - | - | 39.28% | 33.54% | 56.68% | 45.21% |
| FCF Conversion (Net income) | 171.03% | 2,536.35% | - | - | 130.18% | 619.8% | 331.18% | 200.79% |
| Dividend per Share 2 | 0.0400 | 0.0150 | 0.0450 | 0.0750 | 0.0750 | 0.0199 | 0.0285 | 0.0414 |
| Announcement Date | 8/16/19 | 8/18/20 | 8/22/21 | 8/28/22 | 8/24/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Juli | 2020 S1 | 2023 S1 | 2024 S1 |
|---|---|---|---|
| Net sales 1 | 329.5 | 363.4 | 362.7 |
| EBITDA 1 | 41.17 | - | 63.29 |
| EBIT | 31.6 | 58.78 | - |
| Operating Margin | 9.59% | 16.18% | - |
| Earnings before Tax (EBT) | - | - | - |
| Net income | - | - | - |
| Net margin | - | - | - |
| EPS | - | - | - |
| Dividend per Share | 0.0150 | - | - |
| Announcement Date | 2/25/20 | 2/26/23 | 2/25/24 |
1AUD in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 24.8 | 157 | 61.3 | - | - | 36.4 | 54.7 | 67.5 |
| Net Cash position 1 | - | - | - | 95.8 | 8.37 | - | - | - |
| Leverage (Debt/EBITDA) | 0.4595 x | 1.813 x | 0.5684 x | - | - | 0.4567 x | 0.5548 x | 0.6017 x |
| Free Cash Flow 1 | 28.2 | 77.6 | - | - | 45.8 | 26.8 | 55.9 | 50.7 |
| ROE (net income / shareholders' equity) | 9.38% | 1.9% | 26.1% | 25.3% | 18.3% | 1.05% | 9.27% | 14.5% |
| ROA (Net income/ Total Assets) | 4.34% | 0.7% | - | - | 6.65% | 4.24% | 5.49% | 7.48% |
| Assets 1 | 380.3 | 437 | - | - | 528.8 | 101.8 | 307.5 | 337.6 |
| Book Value Per Share 2 | 0.4600 | 0.4000 | 0.5000 | 0.5000 | 0.5000 | 0.4100 | 0.4500 | 0.4400 |
| Cash Flow per Share 2 | 0.1000 | 0.2200 | 0.2800 | 0.2300 | 0.2300 | 0.0900 | 0.1800 | 0.1900 |
| Capex 1 | 10.8 | 6.11 | 6.43 | 15.6 | 34.3 | 29 | 30.5 | 33.3 |
| Capex / Sales | 1.91% | 1.24% | 1.16% | 2.62% | 5.44% | 4.69% | 4.73% | 4.99% |
| Announcement Date | 8/16/19 | 8/18/20 | 8/22/21 | 8/28/22 | 8/24/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
4
Last Close Price
0.42
AUD
Average target price
0.6525
AUD
Spread / Average Target
+55.36%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +13.68% | 4.67B | |
| +0.09% | 4.79B | |
| -7.41% | 3.09B | |
| +24.77% | 2.17B | |
| -12.27% | 1.39B | |
| -40.85% | 1.27B | |
| -4.82% | 777M | |
| +17.24% | 676M | |
| -15.58% | 473M |
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