Myer Holdings Limited (MYR) AI Stock Analysis

• Market Cap: AU$509.69M
• Dividend Yield: 6.38%
• Average Volume (3M): 13.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.26
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.04
• Revenue Forecast (FY): AU$4.19B

• Rating: 42 Neutral
• Price Target: AU$0.28 ▼(-41.04% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is held down primarily by weak financial quality (loss-making margins, high leverage, negative ROE) and bearish technicals (below all major moving averages with negative MACD). Valuation is not supportive given the negative P/E and no dividend yield data.

Positive Factors

Revenue Growth

Sustained top-line growth of ~14.6% is a durable indicator of demand recovery and market traction. Strong revenue momentum helps absorb fixed costs in a department-store model, supports scale benefits, and provides a foundation to restore operating profits if cost structure improves.

Gross Margin Stability

A gross margin near 47% shows lasting ability to manage cost of goods sold and supplier terms. For a retailer, this margin provides structural cushion to cover operating expenses and fund investments in merchandising and omnichannel capabilities, aiding margin recovery prospects.

Omnichannel & Concession Model

A diversified sales model—stores plus e-commerce and concession/brand-partner revenue—reduces single-channel exposure. Concession flows and partner fees create higher-margin, asset-light revenue streams and increase customer reach, supporting durable revenue mix flexibility.

Negative Factors

High Leverage

A debt-to-equity ratio of 1.83 signals elevated leverage that constrains financial flexibility. High debt increases interest and refinancing risk, limits ability to invest in store upgrades or digital initiatives, and raises vulnerability to cyclical retail downturns over the medium term.

Negative Profitability

Persistent negative net and operating margins indicate structural profitability problems and inefficient cost or mix dynamics. Continued losses erode equity (reflected in negative ROE) and hinder reinvestment, making sustained operational improvement necessary to restore long-term financial health.

Free Cash Flow Decline

A near-100% drop in free cash flow sharply reduces internal funding for capex, inventory, and debt servicing. Weak FCF heightens reliance on external financing or asset sales, increasing liquidity risk and constraining strategic initiatives over the next several quarters.

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 primarily makes money by selling merchandise to customers through its department stores and e-commerce platform, generating revenue at the point of sale across its major product categories (e.g., apparel, beauty/cosmetics, and home). In addition to direct retail sales, Myer generates income from concession and brand-partner arrangements within its stores and digital channels (where third-party brands operate dedicated counters/areas and Myer earns fees or agreed shares of sales). The company also earns other retail-related income streams such as promotional funding and supplier support (e.g., rebates, marketing contributions, and trade terms) linked to product ranging and campaigns. If applicable, revenue can be influenced by customer loyalty and marketing programs that drive repeat purchases and basket size, and by its mix of private label versus branded goods (which affects gross margin), but specific details of these drivers and any significant partnerships are null.

Myer Holdings Limited Financial Statement Overview

Summary

Revenue grew strongly (+14.55%), but profitability is weak with a negative net margin (-7.02%) and negative EBIT/EBITDA margins. Balance-sheet leverage is high (debt-to-equity 1.83) with negative ROE (-23.71%), while cash flow is pressured by a sharp free-cash-flow decline (-96.2%).

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

Myer Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: 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 0.48 is above the 20-day moving average (MA) of 0.34, above the 50-day MA of 0.40, and below the 200-day MA of 0.51, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 21.61 is Positive, neither overbought nor oversold. The STOCH value of 8.47 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUL	71 Outperform	AU$3.03B	8.69	16.46%	7.20%	4.83%	-7.62%
LOV	69 Neutral	AU$2.30B	13.90	110.44%	2.57%	14.24%	3.58%
JBH	68 Neutral	AU$8.37B	8.60	29.31%	2.54%	10.03%	5.38%
PMV	63 Neutral	AU$1.96B	22.96	37.89%	3.56%	-48.80%	-35.88%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
PWH	61 Neutral	AU$903.16M	34.87	10.97%	0.53%	-6.67%	-60.67%
MYR	42 Neutral	AU$509.69M	-0.75	-36.50%	6.38%	13.78%	-413.50%

Myer Holdings Limited Corporate Events

Myer lodges updated corporate governance statement and Appendix 4G

Myer Holdings Limited has lodged its corporate governance statement for the financial year ended 26 July 2025, confirming it is available on the company’s investor website and current as of that date. The statement, approved by the board, details the extent of Myer’s compliance with ASX Corporate Governance Council recommendations, and the accompanying Appendix 4G serves as a key and verification tool to show the retailer has met its governance disclosure obligations, reinforcing transparency for investors and other stakeholders.

Under ASX Listing Rules, Myer’s governance statement must outline any departures from recommended practices and explain alternative arrangements, ensuring market participants can assess the robustness of its governance framework. By formally lodging the statement and Appendix 4G simultaneously with its annual report, Myer underscores its adherence to regulatory best practice and provides a clear roadmap for locating all relevant governance disclosures, supporting informed decision‑making in the market.

The most recent analyst rating on (AU:MYR) stock is a Sell with a A$0.45 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

Myer Grants Additional Performance Rights to Director Olivia Wirth Under FY26 LTI Plan

Myer Holdings Limited has disclosed a change in the interests of director Olivia Wirth, who has received an additional 2,616,704 performance rights under the company’s FY26 Long Term Incentive Plan, as approved by shareholders at the 2025 Annual General Meeting. The grant increases Wirth’s total holding to 4,143,700 performance rights, reinforcing Myer’s use of equity-based, long-term incentives to align executive and board remuneration with shareholder outcomes and the company’s longer-term performance objectives, without any on-market trading or changes to contractual interests being reported.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$0.79 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.

Myer Issues Over 20 Million Performance Rights Under Employee Incentive Scheme

Myer Holdings Limited has notified the market of the issue of 20,177,916 unquoted performance rights under its employee incentive scheme, with an issue date of 16 January 2026. The sizeable grant of performance rights underscores Myer’s continued use of equity-based remuneration to align staff and executive incentives with shareholder value, potentially resulting in future dilution but aimed at supporting retention and performance in a competitive retail environment.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$0.79 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.