Home Consortium Ltd (HMC) AI Stock Analysis

• Market Cap: AU$1.73B
• Dividend Yield: 3.17%
• Average Volume (3M): 3.18M
• Price to Earnings (P/E): 11.4
• Beta (1Y): 1.88
• Revenue Growth: 206.14%
• EPS Growth: 101.96%
• Country: AU
• Employees: 10,000
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Diversified
• EPS (TTM): 0.17
• Shares Outstanding: 412,615,720
• 10 Day Avg. Volume: 3,894,250
• 30 Day Avg. Volume: 3,177,961
• PEG Ratio: 0.15
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 8.20
• P/FCF Ratio: -128.55
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$4.70
• Price Target Upside: 11.90% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: AU$5.00 ▲(19.05% Upside)

Home Consortium Ltd's stock is rated highly due to its strong financial performance, particularly in revenue growth and profitability, despite cash flow challenges. Technical indicators show positive momentum, and the stock appears undervalued with a reasonable dividend yield, making it attractive for growth and income investors.

Positive Factors

Robust revenue growth

Sustained double-digit revenue growth indicates expanding market share and strong customer demand. Over 2-6 months this supports continued scale benefits, merchandising leverage and the ability to fund store investments and omnichannel expansion without relying solely on cost cuts.

Very high profitability margins

Exceptionally high gross and net margins reflect strong pricing power, private-label mix and effective cost control. These structural margins provide buffer against input cost shocks, enable reinvestment in stores and digital channels, and support sustainable cash generation if converted to operating cash.

Conservative balance sheet leverage

Very low leverage and a strong equity base give durable financial flexibility to fund growth, absorb economic downturns, and pursue opportunities without high interest burdens. This conservatism reduces refinancing risk and preserves optionality for capex or strategic M&A over the medium term.

Negative Factors

Weak cash generation

Severe deterioration in free cash flow growth and low operating cash conversion indicate profits are not translating into cash. Persisting over months this constrains capacity to invest, pay dividends or reduce debt, and may force external financing or asset sales if not remedied.

Declining operational margins

Compression of EBIT/EBITDA margins suggests rising operating costs or pricing pressure. If structural, margin erosion will reduce reinvestment capacity and long-term returns, forcing efficiency initiatives or higher prices that could impair competitive positioning in the home retail market.

Declining return on equity trend

A falling ROE implies the company is generating lower returns from shareholder capital. Over a multi-month horizon this may reflect diminishing asset efficiency or margin stress, limiting shareholder value creation and signaling need for strategic changes to improve capital allocation.

Home Consortium Ltd Business Overview & Revenue Model

Company Description

Home Consortium Limited, together with its subsidiaries, owns and manages real estate focused funds in Australia. The company operates hyper-convenience retail centers. Its property portfolio consists of 53 shopping centers under the HomeCo brand name. The company was incorporated in 2009 and is headquartered in Sydney, Australia.

How the Company Makes Money

Home Consortium Ltd generates revenue primarily through the sale of retail products in its large format stores. The company earns money from direct sales of furniture, homeware, and appliances, and also benefits from leasing space to various retailers within its shopping centers. Additionally, HMC may have partnerships with suppliers and manufacturers, allowing for bulk purchasing agreements that reduce costs and improve profit margins. Other revenue streams may include online sales and e-commerce initiatives that cater to a growing customer base seeking convenience. The strategic location of HMC stores in key markets also contributes significantly to customer foot traffic and overall sales performance.

Home Consortium Ltd Financial Statement Overview

Summary

Home Consortium Ltd shows strong revenue growth and profitability with a solid balance sheet. However, significant cash flow management issues present a risk, with negative free cash flow growth and low cash conversion ratios.

Income Statement

Home Consortium Ltd has demonstrated strong revenue growth with a 30.08% increase in the latest year, indicating robust expansion. The company maintains high profitability with a gross profit margin of 93.98% and a net profit margin of 59.11%, showcasing efficient cost management. However, the EBIT and EBITDA margins have decreased compared to previous years, suggesting potential pressure on operational efficiency.

Balance Sheet

The company exhibits a solid financial position with a low debt-to-equity ratio of 0.08, indicating conservative leverage. The return on equity is moderate at 8.88%, reflecting reasonable profitability relative to shareholder investment. The equity ratio of 76.06% suggests a strong equity base, enhancing financial stability. However, the decline in return on equity compared to earlier periods may indicate challenges in generating higher returns.

Cash Flow

The cash flow analysis reveals concerns with a negative free cash flow growth rate of -157.14%, highlighting potential cash management issues. The operating cash flow to net income ratio is low at 0.14, suggesting limited cash generation relative to profits. The negative free cash flow to net income ratio further underscores cash flow challenges, which could impact future investments and operations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	234.20M	249.20M	81.40M	69.53M	78.69M	69.80M
Gross Profit	234.20M	234.20M	81.10M	44.56M	64.34M	46.37M
EBITDA	87.50M	91.90M	147.70M	19.04M	42.99M	4.49M
Net Income	147.30M	147.30M	66.00M	57.10M	77.25M	-54.50M
Balance Sheet
Total Assets	2.18B	2.18B	1.79B	1.34B	912.95M	982.41M
Cash, Cash Equivalents and Short-Term Investments	665.30M	665.30M	247.30M	115.67M	57.55M	11.69M
Total Debt	138.10M	138.10M	202.00M	89.98M	4.34M	255.24M
Total Liabilities	299.20M	299.20M	281.00M	144.42M	66.95M	271.43M
Stockholders Equity	1.66B	1.66B	1.22B	1.03B	846.00M	706.89M
Cash Flow
Free Cash Flow	38.60M	-15.90M	69.60M	34.06M	15.19M	25.78M
Operating Cash Flow	47.20M	31.00M	69.60M	34.06M	18.53M	25.78M
Investing Cash Flow	-179.40M	-98.40M	-161.70M	-254.03M	319.50M	-154.21M
Financing Cash Flow	37.30M	1.70M	298.70M	211.19M	-292.17M	110.55M

Home Consortium Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HMC, the sentiment is Positive. The current price of 4.2 is above the 20-day moving average (MA) of 4.19, above the 50-day MA of 3.79, and above the 200-day MA of 3.93, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 54.42 is Neutral, neither overbought nor oversold. The STOCH value of 41.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HMC.

Home Consortium Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HDN	80 Outperform	AU$2.69B	10.73	8.25%	6.09%	2.70%	205.08%
HMC	79 Outperform	AU$1.73B	11.43	10.22%	3.17%	206.14%	101.96%
INA	72 Outperform	AU$1.93B	15.01	8.27%	1.81%	6.96%	815.99%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ABG	57 Neutral	AU$1.03B	38.37	1.70%	7.11%	4.69%	―
COF	53 Neutral	AU$636.16M	-32.18	-1.91%	8.63%	-4.50%	88.28%
LIC	46 Neutral	AU$675.89M	-3.46	-26.73%	―	-38.91%	-453.73%

Home Consortium Ltd Corporate Events

HMC Capital Options Lapse Trims Potential Future Share Dilution

HMC Capital Limited, an Australian investment and asset management firm, has updated the market on changes to its issued capital following the lapse of certain equity-related instruments. The company announced that 69,444 options, exercisable at $4.78 and due to expire on 30 September 2030, have ceased due to the non-satisfaction or incapability of satisfying the conditions attached to these rights as of 24 November 2025, slightly reducing potential future share dilution for existing shareholders and clarifying the structure of its outstanding securities.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$6.60 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Cancels 336,276 Lapsed Performance Rights

HMC Capital Limited has announced the cessation of 336,276 performance rights that lapsed on 10 December 2025 after the conditions attached to those rights were not met or became incapable of being satisfied. The lapse of these performance rights reduces the company’s potential future share issuance under its incentive arrangements, slightly limiting prospective equity dilution for existing shareholders and signalling that certain performance or service hurdles tied to this tranche were not achieved.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$6.60 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital to Issue 200,000 Unquoted Options Under Employee Incentive Scheme

HMC Capital Limited has notified the market of the planned issue of 200,000 unquoted options under its employee incentive scheme, with each option expiring on 30 September 2030 and exercisable at $4.78. The issuance, scheduled for 1 October 2025, is intended to form part of the company’s long-term remuneration and retention framework, further aligning employee interests with shareholders and signalling continued use of equity-based incentives to support its growth and capital management strategy.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$6.60 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Issues 120,493 New Shares on Conversion of Unquoted Securities

HMC Capital Limited has issued 120,493 new fully paid ordinary shares following the exercise or conversion of previously unquoted options or other convertible securities. The move modestly increases the company’s share base and reflects the crystallisation of equity incentives or conversion arrangements, which may slightly dilute existing shareholders while signalling ongoing participation by holders of unquoted securities in the listed equity of the business.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$6.60 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Issues Nearly 5 Million Unquoted Performance Rights Under Incentive Scheme

HMC Capital Limited has disclosed the issue of 4,991,198 unquoted performance rights under its employee incentive scheme, with an issue date of 10 December 2025. The new grant of performance rights, which will not be quoted on the ASX, underscores the company’s continued use of equity-based remuneration to align staff incentives with shareholder interests and support the retention and motivation of key personnel.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$6.60 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital’s Kentbruck Wind Farm Wins Green Light from Victorian Government

HMC Capital has welcomed the Victorian Planning Minister’s positive assessment of the 600 MW Kentbruck Wind Farm, a key asset within its Energy Transition platform that aligns with rising demand for clean power from consumer, industrial and emerging AI users. The project, now cleared to proceed following Victoria’s rigorous Environment Effects Statement process, will comprise up to 105 turbines capable of generating around 2,000 GWh of renewable energy annually—enough to power roughly 380,000 homes—while creating about 350 construction jobs and 14 ongoing roles, supporting the Portland aluminium smelter, and reinforcing HMC’s positioning in energy transition infrastructure ahead of an anticipated capital-partnering update in February 2026.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.50 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Director’s Share Rights Update

HMC Capital Limited has announced a change in the interests of its director, Gregory Hayes. The update reveals that Hayes has been granted 15,692 rights to acquire fully paid ordinary shares under the Non-Executive Director Equity Plan, in lieu of board fees for the fiscal year 2026. This adjustment increases his direct interest in rights to acquire shares, potentially impacting his influence within the company and aligning his interests with the company’s performance.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Updates Director’s Interest with Share Rights Grant

HMC Capital Limited has announced a change in the director’s interest notice concerning Fiona Pak-Poy. The change involves the grant of 15,692 rights to acquire fully paid ordinary shares in lieu of board fees for the fiscal year 2026 under the Non-Executive Director Equity Plan. This move reflects the company’s strategy to align director compensation with shareholder interests, potentially impacting the company’s governance and financial strategies.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Limited Updates Director’s Interest Notice

HMC Capital Limited has announced a change in the director’s interest notice, specifically regarding Susan Roberts. The change involves the granting of 19,972 rights to acquire fully paid ordinary shares in lieu of board fees for the fiscal year 2026 under the Non-Executive Director Equity Plan. This adjustment reflects the company’s approach to compensating its board members and may influence stakeholders’ perceptions of the company’s governance and compensation strategies.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Updates Director’s Interest Notice

HMC Capital Limited, listed on the ASX, has announced a change in the director’s interest notice for Christopher Roberts. The update details the acquisition of 17,120 rights to acquire fully paid ordinary shares as part of the Non-Executive Director Equity Plan for FY26, and the expiry of 10,000 listed options previously granted to early investors. This change reflects the company’s ongoing management of director equity and investor relations, potentially impacting its governance and shareholder engagement strategies.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Announces Director’s Interest Changes

HMC Capital Limited, listed on the ASX, has announced a change in the director’s interest notice involving Christopher Saxon. The notice details the acquisition of 35,666 rights to acquire fully paid ordinary shares as part of the Non-Executive Director Equity Plan, in lieu of board fees for FY26, and the expiry of 4,000 listed options previously granted to early investors. This change reflects adjustments in the director’s holdings, potentially impacting the company’s governance and stakeholder interests.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Announces Director’s Interest Changes

HMC Capital Limited, listed on the ASX, has announced a change in the director’s interest notice for David Anthony Di Pilla. The notice details the direct and indirect interests held by Di Pilla across various entities, including trusts and companies he controls. This update reflects changes in the number of securities held by these entities, which could impact the company’s governance and shareholder dynamics.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Limited Issues Performance Rights Under Employee Incentive Scheme

HMC Capital Limited has announced the issuance of 743,071 performance rights as part of an employee incentive scheme. These unquoted securities are not intended to be listed on the ASX, reflecting the company’s strategy to motivate and retain its workforce, which may impact its operational efficiency and stakeholder engagement.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Limited Issues Unquoted Securities for Employee Incentive

HMC Capital Limited has announced the issuance of 125,542 unquoted securities under the ASX security code HMCAB, with the issue date set for November 27, 2025. This issuance is part of an employee incentive scheme and is not intended to be quoted on the ASX, indicating a strategic move to motivate and retain employees, potentially impacting the company’s operational dynamics and stakeholder interests.

The most recent analyst rating on (AU:HMC) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Announces AGM 2025 Voting Results

HMC Capital Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed except for the election of a non-board endorsed director candidate, Stephen Mayne. The successful resolutions, including the re-election of a director and the issuance of performance rights, reflect the company’s ongoing strategic priorities and governance practices, potentially reinforcing its market position and investor confidence.

The most recent analyst rating on (AU:HMC) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital’s 2025 AGM Highlights Key Resolutions and Business Updates

HMC Capital held its 2025 Annual General Meeting, where the Chair and CEO addressed shareholders, outlining key aspects of the company’s 2025 results and business updates. The meeting agenda included the adoption of the Remuneration Report, re-election of Gregory Hayes as Director, granting of Performance Rights to CEO David Di Pilla, and renewal of takeover bid provisions. A nomination for Stephen Mayne as Director was also considered, with the Board recommending against his election. Voting results will be released to the ASX post-meeting.

The most recent analyst rating on (AU:HMC) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Expands Debt Facility to Bolster Strategic Initiatives

HMC Capital Ltd has secured commitments from existing lenders to extend and increase its revolving debt facility from $675 million to $715 million, with the maturity date now set for November 2027. This move is aimed at supporting HMC’s strategic initiatives and maintaining a strong balance sheet, reflecting lender confidence in its business model and aiding in the execution of its funds management strategy, particularly in the energy transition sector.

The most recent analyst rating on (AU:HMC) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Updates Expiry Date for Listed Options

HMC Capital Limited announced an update regarding the expiry of its listed options, which will now cease trading on the ASX at the close of business on Monday, 24 November 2025, due to the original expiry date falling on a non-business day. This adjustment ensures clarity for stakeholders and maintains the company’s commitment to transparent communication.

The most recent analyst rating on (AU:HMC) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.

HMC Capital Announces Expiry of Listed Options

HMC Capital Limited announced the upcoming expiry of its listed options (ASX: HMCO) on 30 November 2025. Option holders can choose to exercise their options at $7.00 per share, sell them before the official quotation ceases on 25 November 2025, or let them expire. This announcement is crucial for stakeholders as it impacts their investment decisions and the company’s capital structure.

The most recent analyst rating on (AU:HMC) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.