SUPER RETAIL GROUP LIMITED (SUL)
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SUL

SUL - SUPER RETAIL GROUP LIMITED

FNArena Sector : Automobiles & Components
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 1.52
Index: ASX200 | ASX300 | ALL-ORDS

Super Retail Group owns and operates a number of retail brands in Australia, including Rebel Sport, Supercheap Auto, Macpac and BCF. Founded in 1972, the company listed as Supercheap Auto in 2004.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.65

19 Jun
2025

-0.200

OPEN

$13.73

-1.44%

HIGH

$13.78

846,266

LOW

$13.37

TARGET
$14.742

-0.25 change from previous day

8.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMA . AOV . APE . ARB . ASG . BAP . CAR . IFM . MTO . MXI . PWH . PWR . RPM . SFC . SNL . VMT .
FNARENA'S MARKET CONSENSUS FORECASTS
SUL: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx 106.3 97.5 xxx
DPS (cps) xxx 119.0 87.3 xxx
EPS Growth xxx - 8.7% - 8.3% xxx
DPS Growth xxx 15.5% - 26.7% xxx
PE Ratio xxx N/A 14.2 xxx
Dividend Yield xxx N/A 6.3% xxx
Div Pay Ratio(%) xxx 111.9% 89.5% xxx

Dividend yield today if purchased 3 years ago: 13.76%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

8.59

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 09/09 - ex-div 87c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx106.3
DPS All xxxxxxxxxxxxxxx119.0
Sales/Revenue xxxxxxxxxxxxxxx3,882.6 M
Book Value Per Share xxxxxxxxxxxxxxx608.1
Net Operating Cash Flow xxxxxxxxxxxxxxx587.8 M
Net Profit Margin xxxxxxxxxxxxxxx6.18 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx17.52 %
Return on Invested Capital xxxxxxxxxxxxxxx10.66 %
Return on Assets xxxxxxxxxxxxxxx6.74 %
Return on Equity xxxxxxxxxxxxxxx17.52 %
Return on Total Capital xxxxxxxxxxxxxxx15.91 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx224.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx200 M
Long Term Debt xxxxxxxxxxxxxxx903 M
Total Debt xxxxxxxxxxxxxxx1,103 M
Goodwill - Gross xxxxxxxxxxxxxxx530 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx218 M
Price To Book Value xxxxxxxxxxxxxxx2.29

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx135.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.48 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,085 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,410 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

09/05/2025

1

Add

$16.15

18.32%

Morgans maintains an Add rating on Super Retail Group and lowers the target price to $16.15 from $16.95, reflecting higher cost guidance in FY26.

While the trading update was softer than expected, it was better than feared by the broker, with strong growth from BCF and rebel offsetting weakness in Supercheap Auto and Macpac.

For the period covering weeks 27-44 of FY25, group sales rose by 4.5% and like-for-like sales increased 3.1%, with BCF leading at 9.1% and rebel at 3.5%, while Supercheap Auto and Macpac were marginally negative, highlights the analyst.

Management reaffirmed FY25 unallocated PBT cost guidance of -$42m. FY26 is expected to see a significant cost step-up of $61.5m due to investment in distribution and systems, explains Morgans.

FORECAST
Morgans forecasts a full year FY25 dividend of 87.00 cents and EPS of 95.70 cents.
Morgans forecasts a full year FY26 dividend of 62.00 cents and EPS of 96.10 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

12/05/2025

2

Overweight

$14.80

8.42%

Super Retail's like-for-like sales growth in 2H25 to-date was 3.1%, accelerating from 1.8% in 1H, but momentum slowed vs the previous update in February. Jarden notes sales at Rebel, BCF, and MacPac brands moderated while SUA was stable.

The broker cut FY25 EPS forecast by -3.2% and FY26 by -6.6% to reflect softer sales trends, higher costs in FY26 and -100bps decline in gross margin in 2H based on the company's update.

DPS forecast for FY25 was lifted to account for an expectation of 50c special dividend.

Overweight. Target cut to $14.80 from $15.70.

FORECAST
Jarden forecasts a full year FY25 dividend of 116.00 cents and EPS of 92.40 cents.
Jarden forecasts a full year FY26 dividend of 72.00 cents and EPS of 98.10 cents.

SUL STOCK CHART