Myer Holdings Limited (MYR) AI Stock Analysis

• Market Cap: €682.46M
• Dividend Yield: 6.38%
• Average Volume (3M): 13.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: 13.78%
• EPS Growth: -413.50%
• Country: AU
• Employees: 10,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Department Stores
• EPS (TTM): >-0.01
• Shares Outstanding: 1,730,746,200
• 10 Day Avg. Volume: 13,128,136
• 30 Day Avg. Volume: 13,759,840
• PEG Ratio: <0.01
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.26
• P/FCF Ratio: 3.82
• 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: €0.72
• Price Target Upside: 52.86% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: AU$0.50 ▲(6.38% Upside)

Myer Holdings Limited faces significant financial and technical challenges. The strong revenue growth is overshadowed by poor profitability and high leverage. The technical indicators suggest bearish momentum, and while the dividend yield is high, the negative P/E ratio raises concerns about earnings sustainability.

Positive Factors

Revenue Growth

The company experienced a significant revenue growth rate of 14.55%, indicating strong top-line growth and effective market penetration.

Online Platform Expansion

The development of an online shopping platform positions Myer to capture the growing e-commerce market, enhancing sales and customer reach.

Customer Retention

The Myer One loyalty program supports customer retention and repeat business, contributing to stable revenue streams and brand loyalty.

Negative Factors

High Leverage

High leverage limits financial flexibility and increases risk, potentially impacting Myer's ability to invest in growth and weather downturns.

Profitability Challenges

Poor profitability with negative margins indicates operational inefficiencies, which could hinder long-term financial health and shareholder returns.

Declining Cash Flow

A substantial decline in free cash flow generation suggests challenges in sustaining operations and funding future growth without external financing.

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 generates revenue primarily through the sale of goods in its department stores, which include both in-house brands and third-party merchandise. The company's revenue model is predominantly based on direct sales to consumers, with key revenue streams coming from apparel, home goods, and beauty products. Additionally, Myer has developed an online shopping platform, which has become increasingly important in driving sales, especially amid changing consumer shopping behaviors. The company also engages in promotional events and loyalty programs, such as the Myer One loyalty program, which helps to drive repeat business and customer retention. Strategic partnerships with various brands and suppliers enhance its product offerings, while initiatives in e-commerce and customer experience are aimed at boosting sales and profitability.

Myer Holdings Limited Financial Statement Overview

Summary

Myer Holdings Limited shows strong revenue growth but faces significant profitability and leverage challenges. The negative net profit margin and high debt-to-equity ratio highlight operational inefficiencies and financial risks.

Income Statement

Myer Holdings Limited shows a mixed performance in its income statement. The company experienced a significant revenue growth rate of 14.55% in the latest period, indicating strong top-line growth. However, profitability metrics are concerning, with a negative net profit margin of -7.02% and negative EBIT and EBITDA margins, reflecting operational challenges and potential inefficiencies. The gross profit margin remains relatively stable at 46.75%, suggesting some ability to manage cost of goods sold effectively.

Balance Sheet

The balance sheet of Myer Holdings Limited indicates high leverage, with a debt-to-equity ratio of 1.83, which poses a financial risk. The return on equity is negative at -23.71%, reflecting poor profitability relative to shareholder equity. The equity ratio is not explicitly calculated, but the high debt levels suggest a low equity proportion in the capital structure, which could limit financial flexibility.

Cash Flow

Cash flow analysis reveals a challenging environment for Myer Holdings Limited. The free cash flow growth rate is significantly negative at -96.2%, indicating a substantial decline in free cash flow generation. However, the operating cash flow to net income ratio of 0.29 suggests some ability to convert earnings into cash, and the free cash flow to net income ratio of 0.83 shows that a significant portion of net income is backed by free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.01B	3.01B	2.64B	2.76B	2.50B	2.25B
Gross Profit	1.41B	1.41B	1.19B	1.20B	1.12B	1.02B
EBITDA	-110.30M	-70.20M	221.40M	389.80M	387.20M	149.20M
Net Income	-211.20M	-211.20M	43.50M	60.40M	49.00M	46.40M
Balance Sheet
Total Assets	3.65B	3.15B	2.38B	2.51B	2.62B	2.54B
Cash, Cash Equivalents and Short-Term Investments	167.20M	167.20M	176.00M	179.70M	243.90M	178.60M
Total Debt	1.63B	1.63B	1.63B	1.71B	1.76B	1.80B
Total Liabilities	2.76B	2.26B	2.12B	2.27B	2.35B	2.31B
Stockholders Equity	890.70M	890.70M	255.00M	240.50M	267.40M	226.90M
Cash Flow
Free Cash Flow	212.50M	205.90M	192.90M	142.10M	206.90M	220.30M
Operating Cash Flow	253.30M	246.70M	244.90M	242.40M	275.40M	277.30M
Investing Cash Flow	-53.00M	-53.00M	-63.90M	-74.50M	-44.20M	-31.90M
Financing Cash Flow	-291.10M	-291.10M	-184.70M	-232.10M	-165.90M	-153.30M

Myer Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.47
• 50DMA: Positive
• 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:MYR, the sentiment is Positive. The current price of 0.47 is above the 20-day moving average (MA) of 0.43, above the 50-day MA of 0.43, and below the 200-day MA of 0.60, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.12 is Neutral, neither overbought nor oversold. The STOCH value of 55.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:MYR.

Myer Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUL	71 Outperform	AU$3.57B	16.11	16.46%	7.43%	4.83%	-7.62%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LOV	61 Neutral	€4.02B	46.44	110.44%	2.57%	14.24%	3.58%
PMV	60 Neutral	AU$2.82B	17.03	10.29%	3.53%	-48.80%	-35.88%
JBH	58 Neutral	AU$11.10B	23.99	29.12%	2.68%	10.03%	5.38%
PWH	53 Neutral	AU$793.53M	81.26	9.47%	0.50%	-6.67%	-60.67%
MYR	42 Neutral	€682.46M	-2.40	-36.66%	6.38%	13.78%	-413.50%

Myer Holdings Limited Corporate Events

Myer Holdings Limited Announces New Quotation of Securities

Myer Holdings Limited has announced a new application for the quotation of 2,689,176 ordinary fully paid securities on the Australian Securities Exchange (ASX). These securities are issued under an employee incentive scheme and are not subject to transfer restrictions, indicating a strategic move to incentivize employees and potentially enhance company performance.

Myer Holdings Addresses ASX Queries on FY2025 Financial Performance

Myer Holdings Limited addressed queries from the Australian Securities Exchange regarding its financial performance for the year ending July 2025. The company reported that its earnings did not materially differ from market expectations, as it had not issued earnings guidance and relied on sell-side analyst forecasts. Despite a 9% variance in Underlying NPAT from analyst forecasts, Myer emphasized that this did not trigger disclosure obligations. The company attributed financial impacts to increased promotional activity, rising operational costs, and significant non-cash impairments related to acquisitions, indicating a period of transition and strategic integration.

Myer Holdings Limited Reports FY25 Results Amidst Challenging Conditions

Myer Holdings Limited reported a modest growth in total sales for FY25, reflecting a 0.5% increase on a pro forma basis and a 1.7% rise in the second half of the year. Despite positive sales momentum, profitability was challenged due to subdued consumer demand and increased promotional activities amidst tough macroeconomic conditions. The integration of Apparel Brands contributed to a diversified sales base, but also led to a significant non-cash impairment impacting statutory net profit. The company is actively executing its growth strategy, targeting synergies, and addressing operational challenges, with a focus on enhancing customer experience and expanding its loyalty program.

Myer Holdings Reports Revenue Growth Amid Profit Decline

Myer Holdings Limited reported a 13.8% increase in revenue to $3,008.7 million for the 52 weeks ending July 26, 2025. However, the company experienced a significant decline in profit, with a 586.1% decrease to a loss of $211.2 million. The final dividend for 2025 was not declared, contrasting with the previous year’s final dividend of 0.5 cents per share.

Myer Holdings Limited Issues New Performance Rights to Employees

Myer Holdings Limited announced the issuance of 3,107,280 performance rights as part of an employee incentive scheme. This move is aimed at enhancing employee engagement and aligning their interests with the company’s long-term goals, potentially impacting its operational efficiency and market positioning positively.

Myer Holdings Limited Announces Cessation of Performance Rights

Myer Holdings Limited announced the cessation of 4,361,720 performance rights due to unmet conditions, as of September 15, 2025. This development may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s operational adjustments and strategic positioning in the market.