Myer Holdings Limited (MYR) AI Stock Analysis

• Market Cap: €1.06B
• Dividend Yield: 9.76%
• Average Volume (3M): 5.92M
• Price to Earnings (P/E): 22.0
• Beta (1Y): 1.31
• Revenue Growth: -2.43%
• EPS Growth: -49.64%
• Country: AU
• Employees: 10,000
• Sector: Consumer Cyclical
• Sector Strength: 64
• Industry: Department Stores
• EPS (TTM): 0.04
• Shares Outstanding: 1,728,057,000
• 10 Day Avg. Volume: 3,646,848
• 30 Day Avg. Volume: 5,918,175
• PEG Ratio: -0.47
• Price to Book (P/B): 1.93
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 5.11
• 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: €1.00
• Price Target Upside: 61.59% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 53 Neutral
• Price Target: AU$0.50 ▼(-19.35%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 goods across its various product categories. The company's key revenue streams include in-store sales from its network of department stores and online sales through its e-commerce platform. Myer enhances its revenue by offering exclusive brand collaborations, loyalty programs, and seasonal promotions that attract and retain customers. The company also partners with various suppliers and brands to provide a wide assortment of products and exclusive offerings. Additionally, Myer may generate income through leasing agreements with concession partners that operate within their stores, further diversifying their revenue base.

Myer Holdings Limited Financial Statement Overview

Summary

Myer Holdings Limited shows operational efficiency and strong cash flow generation, with stable gross profit margins. However, the company faces challenges with declining revenue and high leverage, which poses risks to financial stability. Effective cost management is evident, but the high debt-to-equity ratio is concerning.

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	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	2.64B	2.76B	2.50B	2.25B	2.16B
Gross Profit	1.19B	1.20B	1.12B	1.02B	927.60M
EBITDA	221.40M	170.90M	160.80M	149.20M	205.80M
Net Income	43.50M	60.40M	49.00M	46.40M	-172.40M
Balance Sheet
Total Assets	2.38B	2.51B	2.62B	2.54B	2.53B
Cash, Cash Equivalents and Short-Term Investments	176.00M	179.70M	243.90M	178.60M	86.50M
Total Debt	1.63B	1.71B	1.76B	1.80B	1.87B
Total Liabilities	2.12B	2.27B	2.35B	2.31B	2.36B
Stockholders Equity	255.00M	240.50M	267.40M	226.90M	172.60M
Cash Flow
Free Cash Flow	192.90M	142.10M	206.90M	220.30M	147.00M
Operating Cash Flow	244.90M	242.40M	275.40M	277.30M	192.00M
Investing Cash Flow	-63.90M	-74.50M	-44.20M	-31.90M	-40.30M
Financing Cash Flow	-184.70M	-232.10M	-165.90M	-153.30M	-112.60M

Myer Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.62
• 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:MYR, the sentiment is Negative. The current price of 0.62 is below the 20-day moving average (MA) of 0.63, below the 50-day MA of 0.66, and below the 200-day MA of 0.82, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 42.44 is Neutral, neither overbought nor oversold. The STOCH value of 41.67 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 *	57 Neutral	HK$26.04B	4.09	-2.03%	5.50%	-0.23%	-68.02%
MYR	53 Neutral	€1.06B	22.04	8.55%	9.76%	-2.43%	-49.64%
PWRHF	―	$534.41M	29.45	20.90%	0.24%	―	―
LO7	―	€2.03B	37.83	82.71%	2.77%	―	―
SUL	77 Outperform	AU$3.38B	14.92	17.52%	7.95%	2.56%	-13.62%
JBH	75 Outperform	AU$11.58B	25.18	29.07%	2.36%	6.21%	0.20%
PMV	73 Outperform	AU$3.30B	16.67	14.01%	4.88%	-27.48%	-27.96%

Myer Holdings Limited Corporate Events

Myer Holdings Announces Director Departure and Shareholding Details

Myer Holdings Limited announced the cessation of Jacquie Naylor as a director, effective June 23, 2025. Naylor held significant interests in the company, including 184,164 fully paid ordinary shares directly and 552,488 shares through the George Superannuation Fund. This change in directorship may impact the company’s governance structure and influence shareholder interests.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$1.05 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

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.