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Myer Holdings Limited (AU:MYR)
ASX:MYR

Myer Holdings Limited (MYR) AI Stock Analysis

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AU

Myer Holdings Limited

(Sydney:MYR)

Rating:61Neutral
Price Target:
AU$1.00
▲(47.06%Upside)
The overall score is primarily influenced by the company's operational efficiency and strong cash flow generation. However, the high leverage and declining revenue weigh negatively. Technical indicators suggest a bearish trend, but potential for stabilization exists. The valuation is relatively high, but the dividend yield offers some appeal.

Myer Holdings Limited (MYR) vs. iShares MSCI Australia ETF (EWA)

Myer Holdings Limited Business Overview & Revenue Model

Company DescriptionMyer Holdings Limited (MYR) is an Australian department store group, offering a wide range of products including fashion, cosmetics, homewares, and electrical goods. With a strong presence in the Australian retail market, Myer operates both physical stores across the country and an online platform, catering to a diverse customer base. The company is known for its comprehensive product mix and commitment to providing quality customer service.
How the Company Makes MoneyMyer 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
65
Positive
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
58
Neutral
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
70
Positive
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
TTMSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income StatementTotal Revenue
2.63B2.64B2.76B2.50B2.25B2.16B
Gross Profit
1.19B1.19B1.20B1.12B1.02B927.60M
EBIT
142.70M161.00M201.50M156.40M109.50M-21.00M
EBITDA
162.05M221.40M170.90M160.80M149.20M205.80M
Net Income Common Stockholders
23.40M43.50M60.40M49.00M46.40M-172.40M
Balance SheetCash, Cash Equivalents and Short-Term Investments
282.30M176.00M179.70M243.90M178.60M86.50M
Total Assets
2.47B2.38B2.51B2.62B2.54B2.53B
Total Debt
1.56B1.63B1.71B1.76B1.80B1.87B
Net Debt
1.27B1.45B1.53B1.51B1.62B1.79B
Total Liabilities
2.20B2.12B2.27B2.35B2.31B2.36B
Stockholders Equity
266.60M255.00M240.50M267.40M226.90M172.60M
Cash FlowFree Cash Flow
207.90M192.90M142.10M206.90M220.30M147.00M
Operating Cash Flow
242.50M244.90M242.40M275.40M277.30M192.00M
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 Price0.68
Price Trends
50DMA
0.69
Negative
100DMA
0.75
Negative
200DMA
0.85
Negative
Market Momentum
MACD
>-0.01
Positive
RSI
41.27
Neutral
STOCH
14.24
Positive
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 0.68 is below the 20-day moving average (MA) of 0.73, 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 41.27 is Neutral, neither overbought nor oversold. The STOCH value of 14.24 is Positive, 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

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUWES
75
Outperform
$95.49B36.7330.35%2.42%3.04%3.65%
AUJBH
75
Outperform
AU$11.92B25.9129.07%3.24%6.21%0.20%
AUTRS
73
Outperform
€246.99M39.923.33%1.98%3.37%-25.24%
AUHVN
73
Outperform
$6.80B15.759.58%4.48%1.77%15.57%
62
Neutral
$6.88B11.322.90%3.87%2.70%-24.57%
AUMYR
61
Neutral
€1.18B24.558.55%5.81%-2.43%-49.64%
AUKGN
52
Neutral
$401.23M232.181.28%2.15%4.67%-72.98%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MYR
Myer Holdings Limited
0.69
0.07
10.66%
AU:TRS
Reject Shop Limited
6.61
3.37
104.01%
AU:HVN
Harvey Norman Holdings Ltd
5.46
1.22
28.86%
AU:WES
Wesfarmers Limited
84.15
18.48
28.14%
AU:KGN
Kogan.com
4.04
-0.24
-5.65%
AU:JBH
JB Hi-Fi Limited
109.02
51.73
90.29%

Myer Holdings Limited Corporate Events

Myer Holdings Unveils Strategic Vision at Investor Day
May 27, 2025

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
May 22, 2025

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
May 9, 2025

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
Apr 9, 2025

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
Apr 3, 2025

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
Mar 18, 2025

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
Mar 18, 2025

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.

Myer Holdings Reshapes Leadership to Drive Strategic Growth
Mar 13, 2025

Myer Holdings Limited has announced significant changes to its leadership team to support its strategic growth priorities. The reshaping of the leadership structure, including key appointments in finance, human resources, merchandise, and supply chain, aims to strengthen Myer’s position as a leading Australian retail platform. The integration of Apparel Brands and the transition of sass & bide, Marcs, and David Lawrence to Myer Exclusive Brands are expected to enhance brand performance and operational efficiency, benefiting stakeholders and aligning with the company’s vision for growth.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.