Company Valuation: Harvey Norman Holdings Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 4,623 4,336 5,196 6,566 6,006 5,084 - -
Change - -6.2% 19.83% 26.38% -8.54% -15.35% - -
Enterprise Value (EV) 1 6,278 6,297 7,202 8,583 8,293 6,821 6,824 6,838
Change - 0.29% 14.38% 19.17% -3.38% -17.75% 0.04% 0.2%
P/E 5.7x 8.05x 14.8x 12.7x 11.4x 11.7x 11.2x 10.6x
PBR 1.08x 0.98x 1.16x 1.37x 1.23x 1.01x 0.98x 0.96x
PEG - -0.2x -0.4x 0.3x 5.5x -0.6x 2.47x 1.71x
Capitalization / Revenue 1.03x 1.01x 1.26x 1.47x 1.28x 1.13x 1.07x 1.03x
EV / Revenue 1.39x 1.47x 1.75x 1.92x 1.77x 1.51x 1.44x 1.38x
EV / EBITDA 4.37x 5.57x 8.02x 7.6x 7.03x 6.83x 6.44x 6.14x
EV / EBIT 5.26x 7.26x 11x 9.85x 9.04x 9.37x 8.66x 8.2x
EV / FCF 14.7x 17.3x 19.6x 19.8x 32.3x 19.9x 16.9x 16x
FCF Yield 6.78% 5.8% 5.09% 5.05% 3.1% 5.02% 5.92% 6.27%
Dividend per Share 2 0.375 0.25 0.22 0.265 0.275 0.2568 0.2801 0.2928
Rate of return 10.1% 7.18% 5.28% 5.03% 5.71% 6.34% 6.92% 7.23%
EPS 2 0.6504 0.4323 0.2823 0.415 0.4236 0.3456 0.3613 0.3836
Distribution rate 57.7% 57.8% 77.9% 63.9% 64.9% 74.3% 77.5% 76.3%
Net sales 1 4,506 4,275 4,110 4,465 4,684 4,505 4,755 4,951
EBITDA 1 1,437 1,131 898.3 1,130 1,180 999.3 1,059 1,114
EBIT 1 1,193 867.7 652.7 871 917 728.1 787.9 833.5
Net income 1 811.5 539.5 352.5 518 528.5 436.4 459.7 477.8
Net Debt 1 1,655 1,960 2,006 2,016 2,287 1,737 1,740 1,754
Reference price 2 3.710 3.480 4.170 5.270 4.820 4.050 4.050 4.050
Nbr of stocks (in thousands) 1,246,007 1,246,007 1,246,007 1,246,007 1,246,007 1,246,007 - -
Announcement Date 30/08/22 30/08/23 29/08/24 28/08/25 27/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.88x3.36x12.85x-.--% 2,764B
27.74x1.99x14.48x3.13% 60.13B
9.74x0.09x3.52x3.93% 35.62B
-28.49x0.6x34.2x-.--% 25.92B
16.49x1.43x9.7x3.06% 16.96B
-1369.66x1.18x18.3x0.01% 14.44B
34.04x2.43x16.98x0.75% 14.64B
71.11x6.33x33.72x0.17% 16.06B
27.67x3.99x13.39x-.--% 13.25B
Average -132.39x 2.38x 17.46x 1.23% 329.05B
Weighted average by Cap. 13.08x 3.26x 13.11x 0.13%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Harvey Norman Holdings Limited

Historical PBR trend

Valuation ratios - PBR - Harvey Norman Holdings Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Harvey Norman Holdings Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Harvey Norman Holdings Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Harvey Norman Holdings Limited
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