Myer Holdings Limited (MYR) AI Stock Analysis

• Market Cap: €1.12B
• Dividend Yield: 15.38%
• Average Volume (3M): 6.53M
• Price to Earnings (P/E): 23.3
• Beta (1Y): 1.22
• Revenue Growth: -2.43%
• EPS Growth: -49.64%
• Country: AU
• Employees: 10,000
• Sector: Consumer Cyclical
• Sector Strength: 58
• Industry: Department Stores
• EPS (TTM): 0.04
• Shares Outstanding: 1,728,057,000
• 10 Day Avg. Volume: 4,590,575
• 30 Day Avg. Volume: 6,533,309
• PEG Ratio: -0.57
• Price to Book (P/B): 2.36
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.23
• 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: €0.96
• Price Target Upside: 48.01% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 53 Neutral
• Price Target: AU$0.50 ▼(-23.08%Downside)

The overall stock score is moderated by financial performance, with operational efficiency and strong cash flow generation being key strengths. However, significant technical weakness and valuation concerns, especially the high P/E ratio, weigh down the score. The high leverage and declining revenue highlight areas of risk that need addressing for future stability.

Myer Holdings Limited Business Overview & Revenue Model

Company Description

Myer Holdings Limited, together with its subsidiaries, operates department stores in Australia. It offers womenswear, menswear, childrenswear, homewares, beauty products, electrical goods, toys, gift products, and general merchandise. The company operates 58 stores under the Myer brand name. It is also involved in the online retailing business under the sass & bide, and Marcs and David Lawrence brand names. In addition, the company provides customer loyalty programs. Myer Holdings Limited was founded in 1900 and is based in Docklands, Australia.

How the Company Makes Money

Myer Holdings Limited generates revenue primarily through the sale of merchandise across various categories such as apparel, beauty products, home and lifestyle, and electronics. The company operates both brick-and-mortar stores and an e-commerce platform, allowing it to capture a broad consumer demographic. Key revenue streams include in-store sales, online sales, and financial services such as credit card partnerships. Myer also engages in strategic partnerships and collaborations with various brands to enhance its product offerings and attract more customers. Seasonal promotions, loyalty programs, and exclusive product lines further contribute to driving sales and increasing customer engagement.

Myer Holdings Limited Financial Statement Overview

Summary

Myer Holdings Limited demonstrates operational efficiency and strong cash flow, but faces declining revenue and high leverage. Stabilizing margins and effective cash management are positive, yet high debt levels pose risks. Strategic focus on revenue growth and balance sheet improvement is crucial.

Income Statement

Myer Holdings Limited has shown fluctuating revenue with a decline from the previous year. The gross profit margin remains stable at approximately 45%, indicating effective cost management. However, the net profit margin has decreased to 1.64% due to lower net income. EBIT and EBITDA margins are healthy at 6.09% and 8.37% respectively, suggesting operational efficiency.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 6.39, indicating significant leverage. Return on equity (ROE) is 17.06%, reflecting decent profitability relative to shareholder investment. The equity ratio is low at 10.73%, suggesting limited financial flexibility and high reliance on debt financing.

Cash Flow

Cash flows are strong with a free cash flow to net income ratio of 4.43, highlighting robust cash generation relative to earnings. Operating cash flow is positive at 244.9 million, surpassing net income and supporting liquidity. However, free cash flow growth has been negative due to decreased free cash flow from the previous year.

Breakdown
TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement		Total Revenue
2.63B	2.64B	2.76B	2.50B	2.25B	2.16B
	Gross Profit
1.19B	1.19B	1.20B	1.12B	1.02B	927.60M
	EBIT
142.70M	161.00M	201.50M	156.40M	109.50M	-21.00M
	EBITDA
162.05M	221.40M	170.90M	160.80M	149.20M	205.80M
	Net Income Common Stockholders
23.40M	43.50M	60.40M	49.00M	46.40M	-172.40M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
282.30M	176.00M	179.70M	243.90M	178.60M	86.50M
	Total Assets
2.47B	2.38B	2.51B	2.62B	2.54B	2.53B
	Total Debt
1.56B	1.63B	1.71B	1.76B	1.80B	1.87B
	Net Debt
1.27B	1.45B	1.53B	1.51B	1.62B	1.79B
	Total Liabilities
2.20B	2.12B	2.27B	2.35B	2.31B	2.36B
	Stockholders Equity
266.60M	255.00M	240.50M	267.40M	226.90M	172.60M
Cash Flow		Free Cash Flow
207.90M	192.90M	142.10M	206.90M	220.30M	147.00M
	Operating Cash Flow
242.50M	244.90M	242.40M	275.40M	277.30M	192.00M
	Investing Cash Flow
-53.90M	-63.90M	-74.50M	-44.20M	-31.90M	-40.30M
	Financing Cash Flow
-182.30M	-184.70M	-232.10M	-165.90M	-153.30M	-112.60M

Myer Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:MYR, the sentiment is Negative. The current price of 0.65 is below the 20-day moving average (MA) of 0.71, below the 50-day MA of 0.69, and below the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 33.13 is Neutral, neither overbought nor oversold. The STOCH value of 23.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:MYR.

Myer Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$6.82B	11.05	2.80%	4.32%	2.67%	-24.92%
MYR	53 Neutral	€1.12B	23.30	8.55%	15.38%	-2.43%	-49.64%
HNORF		$4.42B	15.33	9.58%	4.52%	―	―
KGGNF		$256.20M	377.12	1.28%	1.28%	―	―
WFAFF		$62.51B	36.28	30.35%	2.20%	―	―
RFD		€139.31M	36.02	3.33%	2.00%	―	―
JBH	75 Outperform	AU$12.17B	25.98	29.07%	3.11%	6.21%	0.20%

Myer Holdings Limited Corporate Events

Myer Holdings Announces Board Changes with Naylor’s Retirement

Myer Holdings Limited announced the retirement of Jacquie Naylor from its Board after six years of service as an Independent Non-Executive Director. Naylor, who played a significant role in the company’s strategic decisions, particularly during the Apparel Brands acquisition, will be succeeded by Terry McCartney as Chair of the Human Resources and Remuneration Committee. This transition marks a notable shift in the company’s governance structure, potentially impacting its strategic direction and stakeholder relations.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

Myer Holdings Unveils Strategic Vision at Investor Day

Myer Holdings Limited held its first Investor Strategy Day since 2017, led by Executive Chair Olivia Wirth. The event highlighted the company’s comprehensive strategic review and its plan to transform into a leading omni-channel retail platform. The strategy involves strengthening relationships with the investment community, leveraging customer insights, and accelerating strategic initiatives to drive growth. The leadership team emphasized transparency and accountability, setting clear objectives and KPIs to measure progress. This initiative marks a significant step in Myer’s efforts to regain trust and deliver on its promises to stakeholders.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

Myer Holdings Reports Sales Growth Amidst Operational Challenges

Myer Holdings Limited reported a 1.9% increase in total sales for the second half of the 2025 financial year, driven by strong online sales and a robust loyalty program. However, the company faced challenges due to increased costs, margin pressures, and issues at its new National Distribution Centre. To address these, Myer is implementing strategic changes, including a new logistics operation and leadership investments, as it transitions and integrates its operations for future growth.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$1.25 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

Perpetual Limited Increases Stake in Myer Holdings

Perpetual Limited and its related bodies corporate have increased their voting power in Myer Holdings Limited from 10.46% to 11.95% as of May 7, 2025. This change in substantial holding reflects a significant shift in shareholder influence, potentially impacting Myer’s strategic decisions and stakeholder interests.

Myer Holdings Issues Performance Rights to Enhance Employee Incentives

Myer Holdings Limited has announced the issuance of 1,389,760 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of the company’s strategy to align employee interests with corporate performance, potentially impacting its operational efficiency and market competitiveness.

Myer Holdings Limited Issues New Share Rights to Employees

Myer Holdings Limited announced the issuance of 1,014,006 unquoted equity securities in the form of share rights under an employee incentive scheme. This strategic move is aimed at enhancing employee engagement and aligning their interests with the company’s long-term goals, potentially impacting its operational dynamics and market positioning positively.

Myer Holdings Reports Strategic Reset and Growth Amidst Challenges

Myer Holdings Limited has announced its half-year results for 2025, highlighting a strategic reset amidst challenging macroeconomic conditions. The company reported a slight increase in comparable sales and a notable rise in online sales. Despite complications at its National Distribution Centre affecting earnings, Myer has initiated a strategic growth plan, including the acquisition of Apparel Brands and restructuring efforts. The company is focused on improving operations and driving growth, with a strong emphasis on customer engagement and loyalty.

Myer Holdings Reports Mixed Interim Financial Results

Myer Holdings Limited has reported a slight increase in total sales from ordinary activities, rising by 0.1% to $1,830.9 million for the 26 weeks ending January 25, 2025. Despite this increase in sales, the company experienced a significant decrease in profit, with net profit after tax before transaction and strategic review costs, impairments, and other significant items falling by 39.7% to $30.4 million. The results reflect ongoing challenges in the retail sector, impacting Myer’s financial performance and potentially affecting shareholder returns.