Financials JB Hi-Fi Limited

Equities

JBH

AU000000JBH7

Computer & Electronics Retailers

Market Closed - Australian S.E. 07:10:45 26/04/2024 BST 5-day change 1st Jan Change
60.52 AUD -1.27% Intraday chart for JB Hi-Fi Limited -0.95% +14.12%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,970 4,943 5,811 4,218 4,783 6,617 - -
Enterprise Value (EV) 1 3,290 5,434 6,179 4,696 5,261 6,958 6,840 6,782
P/E ratio 11.9 x 16.4 x 11.6 x 8.06 x 9.12 x 15.6 x 15.9 x 15.3 x
Yield 5.49% 4.39% 5.67% 8.22% 7.13% 4.2% 4.14% 4.29%
Capitalization / Revenue 0.42 x 0.62 x 0.65 x 0.46 x 0.5 x 0.69 x 0.67 x 0.65 x
EV / Revenue 0.46 x 0.69 x 0.69 x 0.51 x 0.55 x 0.73 x 0.69 x 0.66 x
EV / EBITDA 7.67 x 7.42 x 6.43 x 4.63 x 5.3 x 8.05 x 7.9 x 7.61 x
EV / FCF 13.6 x 5.79 x 12.3 x 8.24 x 8.16 x 14.2 x 14.3 x 14.1 x
FCF Yield 7.37% 17.3% 8.11% 12.1% 12.3% 7.04% 7.02% 7.08%
Price to Book 2.87 x 4.51 x 4.44 x 3.42 x 3.37 x 4.28 x 3.97 x 3.64 x
Nbr of stocks (in thousands) 114,883 114,883 114,883 109,660 109,334 109,340 - -
Reference price 2 25.85 43.03 50.58 38.46 43.75 60.52 60.52 60.52
Announcement Date 11/08/19 16/08/20 15/08/21 14/08/22 13/08/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,095 7,919 8,916 9,232 9,626 9,574 9,862 10,215
EBITDA 1 429.1 732.3 961.6 1,014 993.2 863.9 865.7 891.3
EBIT 1 372.8 486.5 743.1 794.6 769 626.9 621.1 640.5
Operating Margin 5.25% 6.14% 8.33% 8.61% 7.99% 6.55% 6.3% 6.27%
Earnings before Tax (EBT) 1 359.3 448 720 775.3 747.1 603.7 584.3 600.1
Net income 1 249.8 302.3 506.1 544.9 524.6 424.2 416.7 429.4
Net margin 3.52% 3.82% 5.68% 5.9% 5.45% 4.43% 4.23% 4.2%
EPS 2 2.174 2.631 4.378 4.774 4.799 3.870 3.808 3.946
Free Cash Flow 1 242.3 938.2 501 569.8 644.7 490.1 480 480.1
FCF margin 3.41% 11.85% 5.62% 6.17% 6.7% 5.12% 4.87% 4.7%
FCF Conversion (EBITDA) 56.47% 128.12% 52.1% 56.2% 64.91% 56.73% 55.45% 53.87%
FCF Conversion (Net income) 97% 310.35% 98.99% 104.57% 122.89% 115.53% 115.2% 111.8%
Dividend per Share 2 1.420 1.890 2.870 3.160 3.120 2.545 2.507 2.599
Announcement Date 11/08/19 16/08/20 15/08/21 14/08/22 13/08/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2020 S1 2020 S2 2021 S1 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2
Net sales 1 3,995 3,924 4,941 3,975 2,431 2,431 4,862 2,185 2,185 4,370 5,278 4,348 5,162 4,492 5,274 4,564
EBITDA 281.9 360.2 571.9 389.7 - - 529 - - 484.9 592.6 400.6 505.2 358.5 - -
EBIT 263 223.5 462.8 280.3 - - 420.5 - - 374.1 479.2 289.8 386.7 243.2 374.4 239.7
Operating Margin 6.58% 5.7% 9.37% 7.05% - - 8.65% - - 8.56% 9.08% 6.67% 7.49% 5.41% 7.1% 5.25%
Earnings before Tax (EBT) 245.2 - 450.5 269.5 - - 410.5 - - 364.8 470.2 276.9 377.3 - - -
Net income 170.6 131.7 317.7 188.4 - - 287.9 - - 257 329.9 194.7 264.3 159.6 265.2 155
Net margin 4.27% 3.36% 6.43% 4.74% - - 5.92% - - 5.88% 6.25% 4.48% 5.12% 3.55% 5.03% 3.4%
EPS 1.485 - 2.747 1.631 - - 2.496 - - 2.278 3.006 1.793 2.408 1.401 2.418 -
Dividend per Share 0.9900 0.9000 1.800 1.070 - - 1.630 - - 1.530 1.970 1.150 - 0.9000 - -
Announcement Date 09/02/20 16/08/20 14/02/21 15/08/21 13/11/21 13/02/22 13/02/22 14/05/22 14/08/22 14/08/22 12/02/23 13/08/23 11/02/24 - - -
1AUD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 320 490 368 479 478 340 223 165
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.7455 x 0.6693 x 0.3828 x 0.4722 x 0.4811 x 0.3939 x 0.2576 x 0.1852 x
Free Cash Flow 1 242 938 501 570 645 490 480 480
ROE (net income / shareholders' equity) 23.8% 31% 38.5% 42.1% 38.9% 28.1% 26.1% 24.9%
ROA (Net income/ Total Assets) 9.28% 11.6% 14.3% 17.3% 16.4% 12.1% 11.5% 11.6%
Assets 1 2,693 2,598 3,540 3,154 3,198 3,494 3,617 3,696
Book Value Per Share 2 8.990 9.530 11.40 11.30 13.00 14.20 15.20 16.60
Cash Flow per Share 2 2.600 8.460 4.830 5.490 6.550 6.100 6.070 6.130
Capex 1 59.3 43.1 57.7 57.6 71.7 77.5 77.4 78.9
Capex / Sales 0.84% 0.54% 0.65% 0.62% 0.74% 0.81% 0.79% 0.77%
Announcement Date 11/08/19 16/08/20 15/08/21 14/08/22 13/08/23 - - -
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
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
15
Last Close Price
60.52 AUD
Average target price
57.23 AUD
Spread / Average Target
-5.44%
Consensus
  1. Stock Market
  2. Equities
  3. JBH Stock
  4. Financials JB Hi-Fi Limited