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    PMV   AU000000PMV2

PREMIER INVESTMENTS LIMITED

(PMV)
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Morgan Stanley : rates PMV as Equal-weight

09/23/2021 | 10:31pm EST

At first glance, the broker notes Premier Investments' FY21 result was in line with guidance, but sales are down -10% in FY22 to date due to lockdowns.

The company has consistently exceeded the broker's expectations over the last 12-18 months, reflecting a strong consumer and solid execution. However, earnings growth in FY22 is increasingly challenging due to lockdowns, lower demand and lower margins.

CEO transition also adds further complexity, the broker notes. Equal-weight retained, target rises to $26.75 from $24.00.

Industry view: In-Line.

Sector: Retailing.

Target price is $26.75.Current Price is $28.45. Difference: ($1.70) - (brackets indicate current price is over target). If PMV meets the Morgan Stanley target it will return approximately -6% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2021 Acquisdata Pty Ltd., source FN Arena

Stocks mentioned in the article
ChangeLast1st jan.
MORGAN STANLEY 1.24% 96.0914 Delayed Quote.38.36%
PREMIER INVESTMENTS LIMITED -1.63% 30.23 End-of-day quote.28.58%
All news about PREMIER INVESTMENTS LIMITED
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More news
Analyst Recommendations on PREMIER INVESTMENTS LIMITED
More recommendations
Financials
Sales 2022 1 423 M 1 017 M 1 017 M
Net income 2022 205 M 147 M 147 M
Net cash 2022 293 M 210 M 210 M
P/E ratio 2022 23,5x
Yield 2022 2,90%
Capitalization 4 806 M 3 433 M 3 437 M
EV / Sales 2022 3,17x
EV / Sales 2023 3,01x
Nbr of Employees -
Free-Float 56,9%
Chart PREMIER INVESTMENTS LIMITED
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Premier Investments Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends PREMIER INVESTMENTS LIMITED
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Last Close Price 30,23 AUD
Average target price 28,44 AUD
Spread / Average Target -5,94%
EPS Revisions
Managers and Directors
Solomon Lew Chairman
David MacKenzie Crean Deputy Chairman
Timothy Michael Antonie Lead Independent Non-Executive Director
Sally Herman Independent Non-Executive Director
Terrence L. McCartney Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
PREMIER INVESTMENTS LIMITED28.58%3 467
INDITEX6.99%97 815
KERING14.64%95 289
FAST RETAILING CO., LTD.-27.11%60 718
ROSS STORES, INC.-11.17%38 767
HENNES & MAURITZ AB-6.98%29 172