HARVEY NORMAN HOLDINGS LIMITED (HVN)
Share Price Analysis and Chart

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HVN

HVN - HARVEY NORMAN HOLDINGS LIMITED

FNArena Sector : Consumer Electronics
Year End: June
GICS Industry Group : Retailing
Debt/EBITDA: 2.55
Index: ASX200 | ASX300 | ALL-ORDS

Harvey Norman is a multinational retailer of household products, electronics and consumer electrical goods. The present company formed in 1982 and listed on the ASX in 1987.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.86

25 Jun
2026

0.110

OPEN

$4.80

2.32%

HIGH

$4.88

1,384,541

LOW

$4.78

TARGET
$4.95

-0.29 change from previous day

 1.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AMS . AUA . JBH .
FNARENA'S MARKET CONSENSUS FORECASTS
HVN: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 42.4 32.8 xxx
DPS (cps) xxx 27.5 26.4 xxx
EPS Growth xxx 2.0% - 22.7% xxx
DPS Growth xxx 3.8% - 4.1% xxx
PE Ratio xxx N/A 12.6 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx 64.8% 80.4% xxx

Dividend yield today if purchased 3 years ago: 7.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.66

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: 06/10 - ex-div 13.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx42.4
DPS All xxxxxxxxxxxxxxx27.5
Sales/Revenue xxxxxxxxxxxxxxx4,313.2 M
Book Value Per Share xxxxxxxxxxxxxxx393.0
Net Operating Cash Flow xxxxxxxxxxxxxxx537.2 M
Net Profit Margin xxxxxxxxxxxxxxx12.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx10.90 %
Return on Invested Capital xxxxxxxxxxxxxxx8.04 %
Return on Assets xxxxxxxxxxxxxxx6.14 %
Return on Equity xxxxxxxxxxxxxxx10.90 %
Return on Total Capital xxxxxxxxxxxxxxx10.66 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx25.4 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx697 M
Long Term Debt xxxxxxxxxxxxxxx1,888 M
Total Debt xxxxxxxxxxxxxxx2,586 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx299 M
Price To Book Value xxxxxxxxxxxxxxx1.23

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx150.5 M
Capex % of Sales xxxxxxxxxxxxxxx3.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,295 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,237 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5,060 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

0.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

17/04/2026

5

Downgrade to Sell from Buy

$4.20

-13.58%

Citi expects a prolonged period of elevated oil prices and rising interest rates to weigh on consumer spending into FY27, prompting earnings downgrades across the discretionary retail sector.

The broker continues to prefer JB Hi-Fi within discretionary retail and Coles Group among supermarkets, both Buy rated, while noting expectations for further rate hikes in May and June.

The target for Harvey Norman is reduced to $4.20 from $7.00 and the rating downgraded to Sell from Buy.

FORECAST
Citi forecasts a full year FY26 dividend of 29.50 cents and EPS of 37.10 cents.
Citi forecasts a full year FY27 dividend of 28.00 cents and EPS of 35.40 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

29/04/2026

2

Overweight

$6.60

35.80%

Jarden observes like-for-like sales growth has started to slow for retailers amid cost pressures that are building.

The broker attempts to quantify the FY27 outlook for sales, gross margins and the cost of doing business as well as to assess just how much negativity is already priced into small-cap retail valuations.

Jarden concludes that valuations are now discounting a meaningful FY27 downturn and higher costs growth, so the risk/reward has improved and investors should start to become less bearish about the sector.

The broker remains cautious, as prior cycles have signalled like-for-like sales could fall more than currently priced in, and for a longer duration than 12 months. Target of $6.60 and Overweight rating are kept for Harvey Norman.

FORECAST
Jarden forecasts a full year FY26 dividend of 26.00 cents and EPS of 37.50 cents.
Jarden forecasts a full year FY27 dividend of 29.00 cents and EPS of 42.90 cents.
Access Extra Coverage Research History >

HVN STOCK CHART

FNArena News on HVN

Latest Consumer Electronics News

1
JB Hi-Fi: Looking Grim

May 10 2022 - Technicals
2
Capital Management Upside For JB Hi-Fi?

Jan 19 2022 - Australia
3
JB Hi-Fi: One To Watch

Nov 23 2021 - Technicals
4
Harvey Norman On The Move

Jul 06 2021 - Technicals
5
Will Harvey Norman’s Purple Patch Prevail?

Mar 01 2021 - Australia
6
JB Hi-Fi: Buying Opportunity

Feb 16 2021 - Technicals
7
Treasure Chest: Home At The Heart Of JB Hi-Fi

Dec 16 2020 - Treasure Chest
8
Harvey Norman: On The Move

Aug 04 2020 - Technicals
9
Will Harvey Norman’s Profit Growth Endure?

Jun 24 2020 - Australia
10
How Will JB Hi-Fi Fare Once Stimulus Ends?

Jun 12 2020 - Australia