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Myer Holdings Limited (AU:MYR)
ASX:MYR
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Myer Holdings Limited (MYR) AI Stock Analysis

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AU:MYR

Myer Holdings Limited

(Sydney:MYR)

Rating:53Neutral
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 (MYR) vs. iShares MSCI Australia ETF (EWA)

Myer Holdings Limited Business Overview & Revenue Model

Company DescriptionMyer 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 MoneyMyer 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
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.
BreakdownSep 2024Sep 2023Sep 2022Sep 2021Sep 2020
Income Statement
Total Revenue2.64B2.76B2.50B2.25B2.16B
Gross Profit1.19B1.20B1.12B1.02B927.60M
EBITDA221.40M170.90M160.80M149.20M205.80M
Net Income43.50M60.40M49.00M46.40M-172.40M
Balance Sheet
Total Assets2.38B2.51B2.62B2.54B2.53B
Cash, Cash Equivalents and Short-Term Investments176.00M179.70M243.90M178.60M86.50M
Total Debt1.63B1.71B1.76B1.80B1.87B
Total Liabilities2.12B2.27B2.35B2.31B2.36B
Stockholders Equity255.00M240.50M267.40M226.90M172.60M
Cash Flow
Free Cash Flow192.90M142.10M206.90M220.30M147.00M
Operating Cash Flow244.90M242.40M275.40M277.30M192.00M
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 Price0.62
Price Trends
50DMA
0.66
Negative
100DMA
0.68
Negative
200DMA
0.82
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
42.44
Neutral
STOCH
41.67
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

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
57
Neutral
HK$26.04B4.09-2.03%5.50%-0.23%-68.02%
53
Neutral
€1.06B22.048.55%9.76%-2.43%-49.64%
$534.41M29.4520.90%0.24%
€2.03B37.8382.71%2.77%
77
Outperform
AU$3.38B14.9217.52%7.95%2.56%-13.62%
75
Outperform
AU$11.58B25.1829.07%2.36%6.21%0.20%
73
Outperform
AU$3.30B16.6714.01%4.88%-27.48%-27.96%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:MYR
Myer Holdings Limited
0.62
-0.18
-22.93%
PWRHF
PWR Holdings
3.69
-4.02
-52.14%
DE:LO7
Lovisa Holdings Ltd.
18.00
-1.58
-8.07%
AU:JBH
JB Hi-Fi Limited
105.94
42.34
66.57%
AU:SUL
Super Retail Group Limited
14.96
0.63
4.40%
AU:PMV
Premier Investments Limited
20.65
-3.21
-13.45%

Myer Holdings Limited Corporate Events

Myer Holdings Announces Director Departure and Shareholding Details
Jun 30, 2025

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
Jun 11, 2025

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
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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Jun 14, 2025