Michael Hill International Ltd. (MHJ) AI Stock Analysis

• Market Cap: AU$157.78M
• Dividend Yield: 12.8%
• Average Volume (3M): 73.96K
• Price to Earnings (P/E): 157.7
• Beta (1Y): 0.24
• Revenue Growth: 2.15%
• EPS Growth: -92.33%
• Country: AU
• Employees: 2,500
• Sector: Consumer Cyclical
• Sector Strength: 61
• Industry: Luxury Goods
• EPS (TTM): <0.01
• Shares Outstanding: 384,819,270
• 10 Day Avg. Volume: 52,781
• 30 Day Avg. Volume: 73,961
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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$0.50
• Price Target Upside: 21.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

Michael Hill International Ltd. faces challenges with increased financial leverage and declining cash flows, which are risks to its financial stability. The technical indicators suggest a bearish trend, and the high P/E ratio implies potential overvaluation despite the attractive dividend yield. These factors result in a moderate risk assessment for the stock, with a cautious outlook.

Michael Hill International Ltd. Business Overview & Revenue Model

Company Description

Michael Hill International Limited owns and operates jewelry stores and provides related services. The company's store offers rings, earrings, bracelets and bangles, necklaces and pendants, chains, watches, collections, and gifts, as well as birthstones. It also provides care plans and diamond warranty services. The company operates its stores under the Michael Hill and Emma & Roe brand names, as well as e-commerce platforms. As of June 27, 2021, Michael Hill International Limited operated 285 stores. Michael Hill International Limited was founded in 1979 and is based in Cannon Hill, Australia.

How the Company Makes Money

Michael Hill International Ltd. generates revenue primarily through the sale of jewelry products across its retail stores and through its e-commerce platform. The company's key revenue streams include the sales of engagement rings, wedding bands, watches, and a variety of other fine jewelry items. Michael Hill leverages its strong brand reputation and extensive retail network to attract customers and drive sales. Additionally, the company may engage in strategic partnerships and marketing initiatives to enhance brand visibility and consumer engagement. Seasonal promotions and exclusive collections also contribute to sales growth. The company's financial performance is closely tied to consumer spending trends, economic conditions in its operating regions, and its ability to maintain competitive pricing and product quality.

Michael Hill International Ltd. Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
703.36M	684.48M	657.25M	594.92M	522.43M
	Gross Profit
425.81M	439.49M	423.98M	371.90M	314.94M
	EBIT
―	53.06M	78.25M	76.92M	16.06M
	EBITDA
78.58M	118.20M	131.40M	125.76M	66.43M
	Net Income Common Stockholders
―	38.29M	51.79M	48.70M	3.27M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
22.04M	22.71M	106.27M	77.75M	11.99M
	Total Assets
595.76M	594.72M	566.78M	545.94M	536.89M
	Total Debt
233.26M	186.19M	143.66M	143.64M	180.56M
	Net Debt
211.22M	163.48M	37.39M	65.89M	168.56M
	Total Liabilities
413.42M	389.46M	350.46M	338.14M	372.27M
	Stockholders Equity
182.34M	205.26M	216.32M	207.80M	164.62M
Cash Flow		Free Cash Flow
11.11M	49.85M	98.79M	133.69M	71.01M
	Operating Cash Flow
0.00	87.14M	123.71M	154.13M	89.58M
	Investing Cash Flow
―	―	―	―	―
	Financing Cash Flow
―	―	―	―	―

Michael Hill International Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.41
• 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:MHJ, the sentiment is Neutral. The current price of 0.41 is above the 20-day moving average (MA) of 0.41, below the 50-day MA of 0.42, and below the 200-day MA of 0.51, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.06 is Neutral, neither overbought nor oversold. The STOCH value of 52.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:MHJ.

Michael Hill International Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PMV	76 Outperform	AU$3.37B	17.00	14.01%	6.16%	-27.48%	-27.96%
NCK	66 Neutral	AU$1.54B	22.29	29.48%	3.39%	9.36%	-21.69%
Sector *	61 Neutral	$6.69B	11.69	3.01%	3.94%	2.60%	-21.51%
MHJ	50 Neutral	AU$157.78M	157.69	0.53%	12.80%	2.15%	-92.33%

Michael Hill International Ltd. Corporate Events

Michael Hill International Ltd. Appoints New Director

Michael Hill International Ltd. has announced the appointment of Andrea Frances Slingsby as a new director, effective from April 14, 2025. This appointment is part of the company’s ongoing efforts to strengthen its leadership team, which may have implications for its strategic direction and stakeholder engagement.

Michael Hill Appoints Andrea Slingsby as Alternate Director

Michael Hill International Limited has appointed Andrea Slingsby as an alternate director to Sir Michael Hill, who is on leave for cancer treatment. Andrea brings extensive board governance and consulting experience, having previously served in executive roles within the company and currently holding a directorship at Prime Financial Group. Her appointment is expected to support the company’s strategic growth and operational continuity during this period.

Michael Hill International Ltd. Announces Quotation of New Securities

Michael Hill International Ltd. has announced the quotation of 66,314 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective from April 11, 2025. This move is part of the company’s strategy to enhance its market presence and provide more liquidity to its shareholders, potentially impacting its operations and positioning within the jewelry retail industry.

Michael Hill Announces Cessation of Share Rights

Michael Hill International Ltd. announced the cessation of 2,286,200 share rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation of securities could impact the company’s capital structure and may have implications for stakeholders regarding the company’s financial strategies and market positioning.

Michael Hill Announces Cessation of Share Rights

Michael Hill International Ltd. announced the cessation of 44,416 share rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders regarding the company’s financial strategies and market positioning.

Michael Hill International Addresses Delay in Director’s Notice Lodgement

Michael Hill International Limited announced a delay in lodging the Appendix 3Z Final Director’s Interest Notice for the late Mr. Daniel Bracken due to exceptional circumstances, including respect for his family and a temporary closure of operations caused by Tropical Cyclone Alfred. The company has updated its processes to prevent future delays, affirming that its current arrangements with directors are adequate.

Michael Hill International Announces Interim Leadership Changes

Michael Hill International Limited has announced interim leadership changes following the passing of CEO Daniel Bracken. Andrew Lowe, the current Chief Financial and Supply Chain Officer, has been appointed as Interim CEO while the company conducts a global search for a permanent replacement. The board has also appointed Claudia Batten as Deputy Chair to support Lowe during this transition. These changes are expected to ensure stability and continued execution of the company’s strategic priorities.

Michael Hill International Mourns the Loss of CEO Daniel Bracken

Michael Hill International Limited has announced the unexpected passing of its CEO and Managing Director, Daniel Bracken, due to an adverse reaction to medical treatment. Bracken, who led the company for seven years, was instrumental in transforming the business and is remembered for his innovative leadership. The board will announce interim leadership arrangements soon.

Michael Hill International Ltd. Focuses on Expansion and Operational Excellence Amid Economic Uncertainties

Michael Hill International Ltd.’s latest report highlights the company’s strategic focus on expanding its market presence and improving operational performance. The announcement underscores the company’s commitment to navigating economic uncertainties and adapting to changing market trends, which is crucial for maintaining its competitive edge and ensuring long-term growth.

Michael Hill International Ltd. Reports Resilient Half-Year Financial Performance Amid Economic Challenges

Michael Hill International Ltd. reported its financial results for the half-year ending December 2024, showing a slight decrease in revenue by 0.7% to $360.2 million, while gross margin improved to 61.3%. The company faced challenging economic conditions, particularly in New Zealand, but saw strong sales growth in Canada and a modest increase in Australia. Digital sales also grew, supported by omni-channel initiatives. The company is focusing on reducing costs and optimizing its store network, including expanding the Bevilles brand. Despite the challenges, the company successfully introduced higher margin gifting products and elevated its sustainable diamond offerings.

Michael Hill International Ltd. Reports Slight Revenue Dip but Strong Profit Growth

Michael Hill International Ltd. reported its financial results for the half-year ending December 29, 2024, showing a slight decrease in revenue by 0.7% to $360,169, while earnings before interest and taxation (EBIT) rose by 12.4% to $32,364. The net profit after tax increased by 9.5% to $16,862. The company declared an interim dividend for the year ending June 29, 2025, and highlighted the calculation of net tangible assets, which included right-of-use assets and lease liabilities. Overall, despite a dip in revenue, Michael Hill International Ltd. demonstrated improved profitability and shareholder returns, reflecting a robust financial position and strategic focus in its operations.

Michael Hill to Release Half-Year Financial Results

Michael Hill International Ltd. announced the release of its half-year financial results for the period ending December 29, 2024, scheduled after the market closes on February 21, 2025. The company will hold an investor briefing on February 24, 2025, to discuss these results, indicating its commitment to transparency and stakeholder engagement.