Myer Holdings Limited (MYR) AI Stock Analysis

• Market Cap: AU$803.41M
• Dividend Yield: 6.38%
• Average Volume (3M): 13.76M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• 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: AU$0.74
• Price Target Upside: 54.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: AU$0.47 ▼(-2.08% Downside)

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

Sustained Revenue Growth

Consistent double-digit top-line growth indicates Myer is expanding customer reach and sales across categories. Over 2–6 months this supports scale economies, funds ongoing omnichannel investment, and provides a base to improve assortment and supplier terms if profitability is restored.

Healthy Gross Margin

A ~47% gross margin provides durable structural cushioning against cost pressures and supports promotional activity. This margin level gives management room to invest in customer experience and digital capabilities while working to improve operating efficiency over the medium term.

Omnichannel & Loyalty Assets

An established e-commerce platform and loyalty program are structural advantages that raise customer lifetime value and support repeat purchases. These assets enable omnichannel fulfilment, data-driven merchandising and higher-margin upsell opportunities over several months to years.

Negative Factors

High Financial Leverage

A 1.83 debt/equity ratio and negative ROE materially constrain financial flexibility. Elevated leverage increases refinancing and interest risks, limits capacity for strategic investment or margin recovery, and magnifies downside in a retail slowdown over the medium term.

Negative Profitability

Persistent negative operating and net margins signal structural inefficiencies in cost base or pricing. Without sustained margin improvement, losses will erode equity and inhibit reinvestment in stores, e-commerce, or supply chain upgrades, risking long-term competitiveness.

Severe Free Cash Flow Decline

A ~96% drop in free cash flow growth severely limits capacity to pay down debt, invest in omnichannel capabilities, or absorb shocks. Even with some operating cash conversion, this decline raises sustainability concerns for capital expenditure and debt servicing over coming 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 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: Negative
• Last Price: 0.48
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• 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 0.48 is above the 20-day moving average (MA) of 0.47, above the 50-day MA of 0.44, and below the 200-day MA of 0.58, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 51.53 is Neutral, neither overbought nor oversold. The STOCH value of 40.35 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
SUL	71 Outperform	AU$3.31B	14.93	16.46%	7.20%	4.83%	-7.62%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
LOV	61 Neutral	€3.32B	38.38	110.44%	2.57%	14.24%	3.58%
PWH	60 Neutral	AU$957.47M	98.04	9.47%	0.53%	-6.67%	-60.67%
PMV	60 Neutral	AU$2.13B	12.85	10.29%	3.56%	-48.80%	-35.88%
JBH	58 Neutral	AU$9.88B	21.36	29.12%	2.54%	10.03%	5.38%
MYR	42 Neutral	AU$803.41M	-2.82	-36.66%	6.38%	13.78%	-413.50%

Myer Holdings Limited Corporate Events

Myer Holdings Limited Annual General Meeting Highlights

Myer Holdings Limited has released information regarding its Annual General Meeting, emphasizing the importance of independent professional advice for investors and potential investors. The company highlights that the document contains forward-looking statements with inherent risks and uncertainties, and it uses non-IFRS measures internally to assess business performance and make resource allocation decisions.

The most recent analyst rating on (AU:MYR) stock is a Buy with a A$0.69 price target. To see the full list of analyst forecasts on Myer Holdings Limited stock, see the AU:MYR Stock Forecast page.