JB Hi-Fi Limited (JBH) AI Stock Analysis

• Market Cap: AU$10.17B
• Dividend Yield: 2.54%
• Average Volume (3M): 246.75K
• Price to Earnings (P/E): 22.0
• Beta (1Y): 1.01
• Revenue Growth: 10.03%
• EPS Growth: 5.38%
• Country: AU
• Employees: 15,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Specialty Retail
• EPS (TTM): 1.74
• Shares Outstanding: 109,333,984
• 10 Day Avg. Volume: 259,666
• 30 Day Avg. Volume: 246,745
• PEG Ratio: 4.75
• Price to Book (P/B): 7.46
• Price to Sales (P/S): 1.14
• P/FCF Ratio: 19.17
• 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$106.24
• Price Target Upside: 14.26% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 58 Neutral
• Price Target: AU$101.00 ▲(8.63% Upside)

The overall stock score of 58 reflects a mixed outlook for JB Hi-Fi Limited. The company's solid financial performance is overshadowed by bearish technical indicators, suggesting potential short-term challenges. While the valuation is moderate, the lack of earnings call insights and corporate events leaves the stock's future direction uncertain. Investors should monitor operational efficiency improvements and market conditions closely.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective sales strategies, supporting long-term business sustainability.

Stable Margins

Stable margins suggest effective cost control and pricing strategies, which are crucial for maintaining profitability in a competitive market.

Manageable Debt Levels

A manageable debt level enhances financial flexibility and reduces risk, supporting long-term operational stability and growth.

Negative Factors

Declining Net Profit Margins

Declining net profit margins can impact profitability, suggesting the need for improved cost management and competitive positioning.

Decreased Free Cash Flow Growth

A decrease in free cash flow growth may signal potential liquidity challenges, affecting the company's ability to invest in growth opportunities.

Decreased Return on Equity

Decreased return on equity indicates less efficient use of capital, which could hinder the company's ability to generate shareholder value.

JB Hi-Fi Limited Business Overview & Revenue Model

Company Description

JB Hi-Fi Limited, together with its subsidiaries, retails home consumer products. The company operates through three segments: JB Hi-Fi Australia, JB Hi-Fi New Zealand, and The Good Guys. It provides computers, such as laptops, desktop PCs, iPads, tablets, eBook readers, monitors and projectors, printers and ink, storage devices, keyboards and mouse, computer accessories, as well as software, and home internet and wi-fi products; televisions; headphones, speakers, and audio devices; and smart home appliances. The company also offers mobile phones; gaming devices, such as Xbox, Nintendo, PlayStation, and PC and retro gaming devices; music and vinyl products; movies and TV shows; and collectibles and merchandise, including apparel, card and board games, and jigsaw puzzles. In addition, it provides content creator gears for vloggers and influences, game streamers, podcasters, and music producers and DJs; cameras; drones and e-scooters; and fitness, health, and wellbeing products, such as smart watches, fitness trackers, massagers, health monitors, air treatment devices, sleep solutions, smart drink bottles, as well as shavers and trimmers, and hair and oral care products. Further, the company offers home appliances consisting of washers and dryers, fridges and freezers, dishwashers, vacuuming and cleaning products, small kitchen appliances, microwaves, coffee and beverages machines and accessories, and heating, cooling, and air treatment products. Additionally, it provides information technology and consulting services. As of June 30, 2022, the company sold its products through branded retail store network comprising 199 JB Hi-Fi/JB Hi-Fi Home stores in Australia; 14 JB Hi-Fi stores in New Zealand; and 106 The Good Guys stores in Australia, as well as online. JB Hi-Fi Limited was founded in 1974 and is based in Southbank, Australia.

How the Company Makes Money

JB Hi-Fi generates revenue primarily through the sale of consumer electronics, appliances, and related accessories. The company operates on a high-volume, low-margin retail model, which allows it to attract price-sensitive customers while maintaining profitability through scale. Key revenue streams include in-store sales, online sales through its e-commerce platform, and the sale of extended warranties and insurance products. Additionally, JB Hi-Fi benefits from strategic partnerships with leading brands in the electronics sector, which help enhance its product offerings and promotions. Seasonal sales events, such as Black Friday and Christmas, also contribute significantly to revenue spikes throughout the year.

JB Hi-Fi Limited Financial Statement Overview

Summary

JB Hi-Fi Limited shows a solid financial performance with consistent revenue growth and stable margins. The balance sheet reflects a manageable debt level and a strong asset base. However, declining net profit margins and free cash flow growth highlight areas for improvement. The company should focus on enhancing operational efficiency and cash flow management to sustain its financial health.

Income Statement

JB Hi-Fi Limited has demonstrated consistent revenue growth, with a 4.5% increase in the latest year. The gross profit margin remains stable at around 22%, indicating efficient cost management. However, the net profit margin has slightly decreased to 4.38%, reflecting increased operational costs or competitive pressures. The EBIT and EBITDA margins have also seen a decline, suggesting potential challenges in maintaining operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved slightly to 0.44, indicating a stable leverage position. The equity ratio is healthy, reflecting a strong asset base relative to liabilities. However, the return on equity has decreased over the years, suggesting a need for more effective utilization of shareholder funds to generate profits.

Cash Flow

Operating cash flow remains strong, but there is a notable decline in free cash flow growth, down by 10.1%. The free cash flow to net income ratio is robust at 0.88, indicating good cash generation relative to profits. However, the decline in free cash flow growth could signal potential liquidity challenges if not addressed.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.55B	10.55B	9.59B	9.63B	9.23B	8.92B
Gross Profit	2.36B	2.36B	2.14B	2.18B	2.08B	1.98B
EBITDA	957.60M	925.90M	864.40M	973.80M	991.50M	934.30M
Net Income	462.40M	462.40M	438.80M	524.60M	544.90M	506.10M
Balance Sheet
Total Assets	3.88B	3.88B	3.49B	3.49B	3.16B	3.15B
Cash, Cash Equivalents and Short-Term Investments	284.10M	284.10M	317.70M	177.30M	125.60M	263.20M
Total Debt	714.40M	714.40M	657.40M	655.10M	604.40M	631.30M
Total Liabilities	2.26B	2.26B	1.93B	2.08B	1.88B	1.84B
Stockholders Equity	1.62B	1.62B	1.56B	1.42B	1.28B	1.31B
Cash Flow
Free Cash Flow	629.30M	629.30M	678.10M	644.40M	569.80M	501.00M
Operating Cash Flow	711.60M	711.60M	752.60M	716.40M	627.40M	558.70M
Investing Cash Flow	-122.90M	-122.90M	-74.40M	-71.70M	-57.40M	-57.70M
Financing Cash Flow	-622.40M	-622.40M	-537.90M	-593.10M	-707.20M	-489.30M

JB Hi-Fi Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 92.98
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JBH, the sentiment is Negative. The current price of 92.98 is below the 20-day moving average (MA) of 93.84, below the 50-day MA of 97.06, and below the 200-day MA of 105.26, indicating a bearish trend. The MACD of -0.95 indicates Negative momentum. The RSI at 41.43 is Neutral, neither overbought nor oversold. The STOCH value of 25.10 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:JBH.

JB Hi-Fi Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUL	71 Outperform	AU$3.55B	16.00	16.46%	7.20%	4.83%	-7.62%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JBH	58 Neutral	AU$10.17B	21.98	29.12%	2.54%	10.03%	5.38%
ADH	58 Neutral	AU$328.96M	12.70	11.70%	5.85%	3.99%	-18.35%
BLX	55 Neutral	AU$621.52M	20.99	16.86%	2.86%	1.89%	-3.30%
TPW	54 Neutral	AU$1.54B	134.87	8.81%	―	20.66%	543.24%
KGN	47 Neutral	AU$394.15M	-10.01	-40.52%	4.00%	6.24%	-23341.18%

JB Hi-Fi Limited Corporate Events

JB Hi-Fi Issues Small Parcel of Shares on Conversion of Unquoted Equity

JB Hi-Fi Limited has notified the market of the issue of a small number of ordinary fully paid shares resulting from the exercise or conversion of previously unquoted equity securities. The new JBH shares, issued on various dates in November 2025, reflect routine equity administration rather than a major capital-raising, signalling ongoing operation of employee or incentive schemes without materially altering the company’s capital structure or ownership dynamics.

The most recent analyst rating on (AU:JBH) stock is a Buy with a A$120.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.

Mitsubishi UFJ Financial Group Ceases Substantial Holding in JB Hi-Fi

Mitsubishi UFJ Financial Group, Inc. has ceased to be a substantial holder in JB Hi-Fi Limited as of December 10, 2025. This change in shareholding, involving transactions by entities controlled by First Sentier Group Limited and Morgan Stanley, may impact JB Hi-Fi’s market dynamics and stakeholder interests, reflecting shifts in investment strategies.

The most recent analyst rating on (AU:JBH) stock is a Hold with a A$101.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.

First Sentier Investors Ceases to be a Substantial Holder in JB Hi-Fi

JB Hi-Fi Limited has announced that First Sentier Investors and its related entities have ceased to be substantial holders of the company’s voting securities as of December 8, 2025. This change in substantial holding may impact JB Hi-Fi’s shareholder composition and could influence future corporate governance or strategic decisions.

The most recent analyst rating on (AU:JBH) stock is a Hold with a A$101.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.

JB Hi-Fi Limited Reports Successful 2025 AGM Resolutions

JB Hi-Fi Limited announced the results of its 2025 Annual General Meeting, where all resolutions were passed with the required majority of votes. The successful resolutions, including the adoption of the remuneration report and the election and re-election of directors, indicate strong shareholder support and ensure continuity in the company’s governance, potentially reinforcing its market position.

The most recent analyst rating on (AU:JBH) stock is a Buy with a A$120.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.

JB Hi-Fi Limited Reports Strong FY25 and Announces Leadership Changes

JB Hi-Fi Limited announced a successful financial year ending June 2025, marked by strong sales and profit growth. The company also underwent significant leadership changes with the retirement of Group CEO Terry Smart and the appointment of Nick Wells as his successor. Additionally, the board welcomed new non-executive director Sheila Lines, enhancing its expertise. The company remains committed to innovation and diversification across its product range and operations to stay relevant and competitive in the market.

The most recent analyst rating on (AU:JBH) stock is a Hold with a A$123.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.

JB Hi-Fi Limited Reports Strong Q1 FY26 Sales Growth

JB Hi-Fi Limited reported its FY26 Q1 sales update, showing strong growth in several regions. JB Hi-Fi Australia experienced a total sales growth of 6.0%, while JB Hi-Fi New Zealand saw a remarkable increase of 39.3%. The Good Guys reported a modest growth of 2.5%, and e&s showed a 4.1% rise in total sales. These results align with the company’s expectations as they approach the crucial Q2 trading period, indicating a stable performance and positive outlook for stakeholders.

The most recent analyst rating on (AU:JBH) stock is a Hold with a A$123.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.

JB Hi-Fi Announces Director Change as Terry Smart Steps Down

JB Hi-Fi Limited announced the cessation of Terry Smart as a director, effective October 3, 2025. The notice details Smart’s interests in the company’s securities, including 122,488 ordinary shares and 64,187 restricted shares held in a trust. This change in directorship may impact the company’s governance and strategic direction, potentially influencing stakeholder confidence.

The most recent analyst rating on (AU:JBH) stock is a Buy with a A$120.00 price target. To see the full list of analyst forecasts on JB Hi-Fi Limited stock, see the AU:JBH Stock Forecast page.