Shine Justice Ltd. (SHJ) AI Stock Analysis

• Market Cap: AU$115.19M
• Dividend Yield: 7.3%
• Average Volume (3M): 60.57K
• Price to Earnings (P/E): 206.1
• Beta (1Y): 0.24
• Revenue Growth: 4.44%
• EPS Growth: -90.57%
• Country: AU
• Employees: 995
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): 0.04
• Shares Outstanding: 169,390,400
• 10 Day Avg. Volume: 16,607
• 30 Day Avg. Volume: 60,569
• PEG Ratio: -2.42
• Price to Book (P/B): 0.48
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 6.98
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: AU$0.50 ▼(-26.47% Downside)

Shine Justice Ltd. faces significant valuation challenges with a high P/E ratio, indicating potential overvaluation risk. While the dividend yield is attractive, the company's financial performance shows pressure on profitability and cash flow generation. Technical indicators are neutral, providing no clear trend direction. The stock's overall score reflects these mixed factors, highlighting the need for improved operational efficiency and profitability.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a steady demand for Shine Justice's legal services and technology solutions, supporting long-term business expansion.

Balance Sheet Health

A strong balance sheet with manageable leverage provides Shine Justice with financial stability and flexibility to invest in growth opportunities.

Gross Profit Margin

Stable gross margins reflect effective cost control, which is crucial for maintaining profitability as the company scales its operations.

Negative Factors

Profitability Challenges

Declining net profit margins suggest Shine Justice faces challenges in converting revenue into profit, which could impact long-term financial health.

Cash Flow Generation

Reduced cash flow generation limits Shine Justice's ability to reinvest in the business and meet financial obligations, affecting growth potential.

Return on Equity

A declining return on equity indicates inefficiencies in generating returns on shareholder investments, potentially deterring future investment.

Shine Justice Ltd. Business Overview & Revenue Model

Company Description

Shine Justice Ltd, through its subsidiaries, provides damages-based plaintiff litigation legal and insurance recovery consulting services in Australia and New Zealand. It operates through two segments, Personal Injury and New Practice Areas. The Personal Injury segment provides services related to public liability, workers' compensation, and motor vehicle accidents. The New Practice Areas segment offers abuse law, disability insurance and superannuation claims, asbestos and dust disease, federal compensation law, medical law, class actions, commercial disputes, employment, private client services, and catastrophic injuries. It operates 54 branches. The company was formerly known as Shine Corporate Ltd and changed its name to Shine Justice Ltd in April 2020. Shine Justice Ltd was founded in 1976 and is based in Brisbane, Australia.

How the Company Makes Money

Shine Justice Ltd. generates revenue through a combination of subscription fees for its software products, consulting services, and licensing agreements. The primary revenue stream comes from monthly or annual subscriptions for its case management and legal research platforms, which are charged based on the number of users or the size of the client organization. Additionally, the company offers specialized consulting services that help clients optimize their legal processes, which are billed on a project basis. Strategic partnerships with law firms and government entities also contribute to revenue, as these collaborations often lead to bulk licensing agreements and increased visibility in the market. Furthermore, Shine Justice benefits from ongoing maintenance and support contracts, ensuring a steady flow of income from existing clients.

Shine Justice Ltd. Financial Statement Overview

Summary

Shine Justice Ltd. demonstrates stable revenue growth and effective cost management, but faces challenges in profitability and cash flow generation. The balance sheet remains strong with manageable leverage, but declining returns on equity indicate potential profitability concerns. Overall, the company needs to address operational efficiency and cash flow generation to enhance financial performance.

Income Statement

Shine Justice Ltd. shows moderate revenue growth with a 4.18% increase in the latest year, but the net profit margin has significantly decreased to 0.28%, indicating pressure on profitability. The gross profit margin remains stable at around 40.67%, suggesting consistent cost management. However, the decline in EBIT and EBITDA margins highlights challenges in operational efficiency.

Balance Sheet

The company maintains a healthy debt-to-equity ratio of 0.38, indicating prudent leverage management. The equity ratio stands at approximately 45.47%, reflecting a solid equity base. However, the return on equity has decreased to 0.22%, suggesting reduced profitability from shareholders' investments.

Cash Flow

Operating cash flow has decreased significantly, impacting the operating cash flow to net income ratio, which is now at 0.15. Free cash flow growth is negative at -16.17%, indicating challenges in generating cash. The free cash flow to net income ratio remains strong at 0.92, suggesting efficient cash conversion from earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	204.94M	204.94M	195.73M	223.14M	213.19M	185.44M
Gross Profit	83.35M	83.35M	79.85M	107.22M	101.61M	88.30M
EBITDA	16.28M	16.28M	34.67M	29.61M	63.43M	55.46M
Net Income	572.00K	572.00K	6.04M	3.31M	31.14M	25.56M
Balance Sheet
Total Assets	575.52M	575.52M	592.58M	638.75M	654.24M	590.17M
Cash, Cash Equivalents and Short-Term Investments	18.06M	18.06M	34.83M	21.09M	51.86M	55.99M
Total Debt	99.03M	99.03M	85.99M	111.88M	92.71M	93.33M
Total Liabilities	314.22M	314.22M	319.95M	367.91M	376.44M	335.03M
Stockholders Equity	261.65M	261.65M	272.46M	270.68M	277.64M	255.00M
Cash Flow
Free Cash Flow	17.93M	17.93M	48.45M	707.00K	4.89M	44.60M
Operating Cash Flow	19.49M	19.49M	49.44M	8.33M	10.63M	49.08M
Investing Cash Flow	-47.00K	-47.00K	-3.92M	-9.50M	-5.01M	-5.46M
Financing Cash Flow	-30.82M	-30.82M	-37.19M	-29.62M	-9.71M	-20.43M

Shine Justice Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.68
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHJ, the sentiment is Positive. The current price of 0.68 is below the 20-day moving average (MA) of 0.68, below the 50-day MA of 0.69, and above the 200-day MA of 0.66, indicating a neutral trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 47.04 is Neutral, neither overbought nor oversold. The STOCH value of 15.38 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SHJ.

Shine Justice Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AFL	65 Neutral	€12.34M	122.73	―	―	27.43%	-90.52%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SHJ	55 Neutral	AU$115.19M	206.06	0.21%	7.30%	4.44%	-90.57%

Shine Justice Ltd. Corporate Events

Shine Justice Ltd Reaches $140 Million Settlement in Class Action

Shine Justice Ltd has announced an in-principle settlement of $140 million in a class action lawsuit against Colonial First State Investments Limited and associated parties. This settlement, which requires Federal Court approval, is expected to positively impact the company’s Gross Operating Cash Flow for the financial year ending June 2026, although it will not materially affect the financial results for FY2026 due to revenue recognition over the life of the case.

Shine Justice Ltd’s AGM Resolutions Passed Successfully

Shine Justice Ltd held its 2025 Annual General Meeting where all proposed resolutions were passed by the requisite majority. Key resolutions included the approval of the remuneration report, the re-election of director Graham Bradley AM, and the renewal of the proportional takeover bid approval provision. The successful passage of these resolutions indicates strong shareholder support and is likely to positively impact the company’s governance and strategic direction.

Shine Justice Ltd Focuses on Restructuring Amidst Financial Challenges

Shine Justice Ltd reported a challenging financial year for FY25, with a decrease in net profit after tax to $0.1 million from $6.0 million in FY24, despite a revenue increase to $204.4 million. The company undertook significant restructuring, divesting non-core areas and implementing cost reduction programs to streamline operations and position itself for future growth. Leadership changes were also made, with Simon Morrison transitioning to focus on international growth and mass tort actions.

Shine Justice Ltd Announces Cessation of Performance Rights

Shine Justice Ltd announced the cessation of 45,024 performance rights due to the lapse of conditional rights, as the conditions were not met or became unsatisfiable. This cessation may impact the company’s capital structure and could have implications for its stakeholders, reflecting potential challenges in meeting performance targets.

Shine Justice Ltd Announces 2025 Annual General Meeting

Shine Justice Ltd has announced its 2025 Annual General Meeting (AGM) scheduled for 24 October 2025 in Brisbane. Shareholders are encouraged to participate either in person or by proxy, with relevant documents available on the company’s website. The AGM will address company business and provide an opportunity for shareholder engagement.

Shine Justice Ltd Announces Additional Share Buy-Back

Shine Justice Ltd has announced an additional on-market share buy-back of up to 10% of its issued capital, following a previous buy-back completed earlier this week. This move aligns with the company’s capital management strategy, aiming to enhance shareholder value. The buy-back, set to commence on or around 3 October and span 12 months, will be influenced by market conditions and other factors. Morgans Financial Limited has been appointed to conduct the buy-back, which will adhere to the Corporations Act’s ’10/12′ limit and does not require shareholder approval.

Shine Justice Ltd Announces On-Market Share Buy-Back

Shine Justice Ltd has announced an on-market buy-back of its ordinary fully paid shares, as indicated by the ASX security code SHJ. This move is part of the company’s strategic financial management, potentially impacting its market position by enhancing shareholder value and optimizing its capital structure.

Shine Justice Ltd Completes Final Phase of Share Buy-Back

Shine Justice Ltd has announced the final notification of its on-market buy-back program, where it repurchased 3,871,416 ordinary fully paid securities for a total consideration of AUD 2,759,775.67. This buy-back is part of Shine Justice’s strategic financial management, potentially impacting its share value and demonstrating a commitment to returning value to shareholders.

Shine Justice Ltd Announces Cessation of Performance Rights

Shine Justice Ltd announced the cessation of 1,637,309 performance rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This cessation may impact the company’s capital structure and could have implications for stakeholders regarding the company’s performance and future securities offerings.

Shine Justice Ltd. Updates on Buy-Back Program

Shine Justice Ltd. has announced an update regarding its ongoing on-market buy-back program. As of September 12, 2025, the company has repurchased a total of 3,821,416 ordinary fully paid securities, including 50,000 bought back on the previous day. This buy-back initiative reflects the company’s strategic approach to managing its capital structure and potentially enhancing shareholder value.

Shine Justice Ltd Updates on Share Buy-Back Program

Shine Justice Ltd has announced an update regarding its ongoing share buy-back program. The company has repurchased a total of 3,721,416 securities before the previous day and an additional 50,000 securities on the previous day. This buy-back initiative is part of Shine Justice Ltd’s strategy to manage its capital structure and potentially enhance shareholder value.

Shine Justice Ltd Updates Share Buy-Back Progress

Shine Justice Ltd has announced an update on its ongoing share buy-back program. The company reported that it bought back 50,000 ordinary fully paid shares on the previous day, adding to a total of 3,671,416 shares repurchased so far. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.

Shine Justice Ltd Updates on Buy-Back Program

Shine Justice Ltd has announced an update regarding its ongoing on-market buy-back program. As of September 9, 2025, the company has repurchased a total of 3,671,416 ordinary fully paid securities, with 100,000 bought back on the previous day. This buy-back initiative is part of Shine Justice’s strategy to manage its capital structure and potentially enhance shareholder value.