MICHAEL HILL INTERNATIONAL LIMITED (MHJ)
Share Price Analysis and Chart

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MHJ

MHJ - MICHAEL HILL INTERNATIONAL LIMITED

FNArena Sector : Luxury
Year End: June
GICS Industry Group : Consumer Durables & Apparel
Debt/EBITDA: 2.07
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.40

03 Feb
2026

0.010

OPEN

$0.40

2.56%

HIGH

$0.40

2,509

LOW

$0.40

TARGET
$0.75 87.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
TWE .
FNARENA'S MARKET CONSENSUS FORECASTS
MHJ: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 0.6 3.5 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.4 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 07/03 - ex-div 1.75c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx0.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx643.7 M
Book Value Per Share xxxxxxxxxxxxxxx44.3
Net Operating Cash Flow xxxxxxxxxxxxxxx55.1 M
Net Profit Margin xxxxxxxxxxxxxxx0.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx1.24 %
Return on Invested Capital xxxxxxxxxxxxxxx0.63 %
Return on Assets xxxxxxxxxxxxxxx0.39 %
Return on Equity xxxxxxxxxxxxxxx1.24 %
Return on Total Capital xxxxxxxxxxxxxxx7.47 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx46.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx39 M
Long Term Debt xxxxxxxxxxxxxxx155 M
Total Debt xxxxxxxxxxxxxxx193 M
Goodwill - Gross xxxxxxxxxxxxxxx19 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx10 M
Price To Book Value xxxxxxxxxxxxxxx0.92

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx10.1 M
Capex % of Sales xxxxxxxxxxxxxxx1.57 %
Cost of Goods Sold xxxxxxxxxxxxxxx500 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx116 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

29/01/2026

1

Outperform

$0.75

87.50%

Michael Hill's 1H26 update showed a return to positive NZ sales for the first time since 1H23, alongside strong SSS (same-store sales) growth in Australia and Canada, Macquarie notes. This was despite headwind from Australian store closures.

The broker highlights margins were held flat even with record input costs, and it was supported by portfolio optimisation. Balance sheet remained strong with forecast net cash of $10m.

With sales momentum improving, the broker believes the company is positioned for earnings and valuation upside from FY27. EPS forecast for FY26 lifted by 5% but FY27 trimmed by -2%.

Outperform rating and 75c target are unchanged.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.50 cents.
Macquarie forecasts a full year FY27 dividend of 3.10 cents and EPS of 5.30 cents.
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

27/01/2026

2

Overweight

-

-

Jarden  notes Michael Hill's 1H26 trading update points to improving momentum through the holiday period, with sales driving a clear beat to expectations and comparable EBIT guidance of $27m–$30m implying y/y growth of 12%–25%.

Group same store sales rose 3.8%, led by Canada at 6.1%, with Australia&NZ also returning to positive growth despite a smaller store footprint.

Gross margins are expected to hold around 61%, with elevated precious metal costs offset by mix and pricing, while accelerating sales appear to have come at the expense of some margin upside.

Buy. Target lifted to NZ$0.70 from NZ$0.65.

FORECAST
Jarden forecasts a full year FY26 dividend of 1.00 cents and EPS of 2.80 cents.
Jarden forecasts a full year FY27 dividend of 4.50 cents and EPS of 7.10 cents.
Access Extra Coverage Research History >

MHJ STOCK CHART

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