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Shine Justice Ltd. (AU:SHJ)
ASX:SHJ
Australian Market
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Shine Justice Ltd. (SHJ) AI Stock Analysis

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AU:SHJ

Shine Justice Ltd.

(Sydney:SHJ)

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Neutral 60 (OpenAI - 5.2)
Rating:60Neutral
Price Target:
AU$0.63
▼(-12.50% Downside)
Action:Reiterated
Date:03/24/26
The score is held back primarily by weak recent profitability and returns despite a manageable balance sheet and positive (but cooling) cash generation. Technical indicators are broadly neutral with limited near-term momentum. Offsetting these risks, the stock screens attractively on valuation with a low P/E and high dividend yield.
Positive Factors
Manageable Leverage
Moderate debt-to-equity (~0.38) indicates the company is not highly leveraged, preserving financial flexibility. This reduces refinancing and interest-rate stress, allowing Shine Justice to fund operations, dividends or opportunistic investments without immediate balance-sheet strain over the coming months.
Negative Factors
Collapsed Net Profitability
The sharp drop in net margin to ~0.3% materially weakens earnings durability and cash available for reinvestment or distributions. Persistently thin net margins limit the firm's ability to build reserves, tolerate revenue shocks, or finance growth without either margin recovery or reduced shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate debt-to-equity (~0.38) indicates the company is not highly leveraged, preserving financial flexibility. This reduces refinancing and interest-rate stress, allowing Shine Justice to fund operations, dividends or opportunistic investments without immediate balance-sheet strain over the coming months.
Read all positive factors

Shine Justice Ltd. (SHJ) vs. iShares MSCI Australia ETF (EWA)

Shine Justice Ltd. Business Overview & Revenue Model

Company Description
Shine Justice Ltd provides legal services in Australia and New Zealand. It operates in two segments, Personal Injury and Class Actions. The company provides legal services for motor vehicle accidents, abuse law, workers’ compensation, public liabi...

Shine Justice Ltd. Financial Statement Overview

Summary
Financial statements are mixed: revenue is relatively stable with modest 2025 growth, and cash flow remains positive with solid free-cash-flow conversion, but profitability has deteriorated sharply (net margin ~0.3% in 2025) and returns are very weak (ROE ~0.2%). Balance sheet leverage is moderate (debt-to-equity ~0.38), but operating performance is the key constraint.
Income Statement
46
Neutral
Balance Sheet
63
Positive
Cash Flow
55
Neutral
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue213.28M204.94M195.73M223.14M213.19M185.44M
Gross Profit146.43M83.35M79.85M107.22M101.61M88.30M
EBITDA43.02M16.28M34.67M29.61M63.43M55.46M
Net Income10.00M572.00K6.04M3.31M31.14M25.56M
Balance Sheet
Total Assets589.49M575.52M592.58M638.75M654.24M590.17M
Cash, Cash Equivalents and Short-Term Investments1.07M18.06M34.83M21.09M51.86M55.99M
Total Debt128.07M99.03M85.99M111.88M92.71M93.33M
Total Liabilities327.39M314.22M319.95M367.91M376.44M335.03M
Stockholders Equity263.40M261.65M272.46M270.68M277.64M255.00M
Cash Flow
Free Cash Flow6.63M17.93M48.45M707.00K4.89M44.60M
Operating Cash Flow8.40M19.49M49.44M8.33M10.63M49.08M
Investing Cash Flow-1.14M-47.00K-3.92M-9.50M-5.01M-5.46M
Financing Cash Flow-27.56M-30.82M-37.19M-29.62M-9.71M-20.43M

Shine Justice Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.72
Price Trends
50DMA
0.66
Negative
100DMA
0.69
Negative
200DMA
0.68
Negative
Market Momentum
MACD
-0.02
Positive
RSI
42.35
Neutral
STOCH
19.69
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHJ, the sentiment is Negative. The current price of 0.72 is above the 20-day moving average (MA) of 0.62, above the 50-day MA of 0.66, and above the 200-day MA of 0.68, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.35 is Neutral, neither overbought nor oversold. The STOCH value of 19.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SHJ.

Shine Justice Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
60
Neutral
AU$101.63M10.053.81%7.14%8.66%147.70%
57
Neutral
AU$12.98M40.913.27%38.29%-55.84%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SHJ
Shine Justice Ltd.
0.60
<0.01
0.51%
AU:AFL
AF Legal Group Limited
0.14
0.02
17.39%

Shine Justice Ltd. Corporate Events

Shine Justice Director Bayes Boosts Equity Stake via FY27 Rights Grant
Jul 1, 2026
Shine Justice non-executive director David Sutton Bayes has increased his equity-linked remuneration through the grant of 47,123 FY27 NED Rights, entitlements to acquire fully paid ordinary shares under the company&#8217;s Non-executive Director E...
Shine Justice Issues New Salary Sacrifice Rights Under Employee Scheme
Jul 1, 2026
Shine Justice Ltd has issued 192,741 unquoted salary sacrifice rights under its employee incentive scheme, effective 1 July 2026. The rights, which will not be quoted on the ASX, form part of the company&#8217;s broader approach to compensating st...
Shine Justice Performance Rights Lapse Reduces Equity Incentive Pool
Jun 25, 2026
Shine Justice Ltd has announced the cessation of 215,236 performance rights identified under the ASX security code SHJAA. These performance rights lapsed because the conditions attached to them were not satisfied or became incapable of being met, ...
Shine Justice Reshapes Leadership to Drive International Mass Torts Growth
Apr 14, 2026
Shine Justice has announced that Simon Morrison will transition from Managing Director to Executive Director to concentrate on driving the group&#8217;s international growth agenda, particularly its International Mass Torts program. Group CEO Caro...
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: Mar 24, 2026