Myer (ASX: MYR) 22c
MYR -12%: Out with preliminary FY26 numbers today and they expect sales of around $4.09 billion, with pro forma sales up just 0.3% and comparable sales up 0.7% as cost-of-living pressures weighed on discretionary spending.
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Undervalued
Morningstar Quantitative Rating as of 23 OCT 2026.
Quantitative Equity Rating Methodology – view here
Five-star price 0.23 Fair value 0.34 One-star price 0.51
Morningstar Quantitative Rating as of 23 OCT 2026.
Morningstar Quantitative Rating as of 23 OCT 2026. The slider runs from the five-star price (0.23) to the one-star price (0.51).
| Ratios |
|---|
| Currency (Price/reporting): AUD/AUD |
| Exchange Rate: 1.0000 |
| Price - closing or last bid | 0.21 |
| Price - 12 month high | 0.50 |
| Price - 12 month low | 0.17 |
| Pricing date | 22 OCT 2026 |
| Volume - avg. trading volume for the last ten days | 5.80 |
| Market capitalization | 354.80 |
| 12 Month High price date | 12 JAN 2026 |
| 12 Month Low price date | 24 SEP 2026 |
| Volume - avg. trading volume for the last 3 months | 8.60 |
| Price - 1 Day % Change | 0.00% |
| Price - 13 week price percent change | -19.61% |
| Price - 26 week price percent change | -26.79% |
| Price - 5 Day % Change | 10.81% |
| Price - 52 week price percent change | -51.76% |
| Price - YTD price percent change | -56.84% |
| Price % Change Month To Date | 17.14% |
| EPS excluding extraordinary items - most recent fiscal year | -0.165 |
| EPS excluding extraordinary items - trailing 12 month | -0.178 |
| EPS Normalized - most recent fiscal year | — |
| Revenue/share - most recent fiscal year | — |
| Revenue/share - trailing 12 month | — |
| Book value per share - most recent fiscal year | 0.515 |
| Book value per share - most recent half-year | 0.536 |
| Book value (tangible) per share - most recent fiscal year | 0.006 |
| Book value (tangible) per share - most recent half-year | 0.018 |
| Cash per share - most recent fiscal year | 0.097 |
| Cash per share - most recent half-year | 0.165 |
| Cash Flow per share - most recent fiscal year | 0.193 |
| Cash Flow per share - trailing 12 month | 0.176 |
| Dividend per share - most recent fiscal year | — |
| Dividends per share - trailing 12 month | 0.015 |
| EBITD per share - trailing 12 month | — |
| EPS Basic excluding extraordinary items - most recent fiscal year | -0.165 |
| EPS Basic excluding extraordinary items - trailing 12 month | -0.178 |
| EPS including extraordinary items - most recent fiscal year | -0.165 |
| EPS including extraordinary items - trailing 12 month | -0.178 |
| Free Cash Flow per share - trailing 12 month | 0.144 |
| P/E excluding extraordinary items, most recent fiscal year | — |
| P/E Normalized, most recent fiscal year | 8.35 |
| Price to sales - most recent fiscal year | 0.11 |
| Price to Tangible Book - most fiscal year | — |
| Price to Free Cash Flow per Share - most recent fiscal year | 1.72 |
| Price to Cash Flow per share - trailing 12 month | 1.37 |
| Price to Book - most recent fiscal year | 0.60 |
| P/E excluding extraordinary items high, trailing 12 months | — |
| P/E excluding extraordinary items low, trailing 12 months | — |
| Net Debt, LFI | 1,257.90 |
| Net Debt, LFY | 1,461.80 |
| Dividend Yield - 5 Year Average | 3.15% |
| Dividend Yield - indicated annual dividend divided by closing price | 7.32% |
| Current Dividend Yield - Common Stock Primary Issue, LTM | 7.32% |
| Free Cash Flow - most recent fiscal year | 186.90 |
| LT debt/equity - most recent fiscal year | 156.12% |
| Payout ratio - most recent fiscal year | — |
| Total debt/total equity - most recent fiscal year | 182.89% |
| LT debt/equity - most recent half-year | 140.37% |
| Total debt/total equity - most recent half-year | 166.43% |
| Free Cash Flow - trailing 12 month | 248.20 |
| Payout ratio - trailing 12 month | — |
| Revenue - most recent fiscal year | 2,982.40 |
| Revenue - trailing 12 month | 3,261.20 |
| EBITD - most recent fiscal year | — |
| EBITD - trailing 12 month | — |
| Earnings before taxes - most recent fiscal year | -203.90 |
| Earnings before taxes - trailing 12 month | -188.30 |
| Net Income available to common - most recent fiscal year | -211.20 |
| Net Income available to common - trailing 12 months | -201.30 |
| Earnings before taxes Normalized - most recent fiscal year | — |
| Net Income Available to Common, Normalized - most recent fiscal year | 36.80 |
| Earnings per Share, Normalized, Excluding Extraordinary Items, Avg. Diluted Shares Outstanding, TTM | — |
| Net Profit Margin % - 1st historical fiscal year | -7.08% |
| Net Profit Margin % - trailing 12 month | -6.17% |
| Operating margin - 1st historical fiscal year | -4.85% |
| Operating margin - trailing 12 month | -8.65% |
| Pretax margin - trailing 12 month | -5.77% |
| Pretax margin - 1st historical fiscal year | -6.84% |
| Operating Margin - 5 year average | 3.92% |
| Pretax Margin - 5 year average | 0.95% |
| Free Operating Cash Flow/Revenue, 5 Year Average | 6.87% |
| Free Operating Cash Flow/Revenue, TTM | — |
| Net Profit Margin - 5 year average | 0.17% |
| Return on average assets - most recent fiscal year | — |
| Return on average assets - trailing 12 month | — |
| Return on average equity - most recent fiscal year | — |
| Return on average equity - trailing 12 month | — |
| Return on average assets - 5 year average | 0.04% |
| Return on average equity - 5 year average | 7.78% |
| Net Income/employee - most recent fiscal year | — |
| Revenue/employee - most recent fiscal year | — |
| Revenue growth rate, 5 year | 6.80% |
| EPS growth rate, 5 year | — |
| Growth rate% - dividend, 3 year | -30.66% |
| Revenue/share (5 yr growth) | -2.31% |
| Growth rate% - Revenue, 3 year | 6.35% |
| Growth rate% - EPS, 3 year | — |
| Book value per share growth rate, 5 year | 19.41% |
| Capital Spending growth rate, 5 year | 5.85% |
| Earnings Before Interest, Taxes, Depreciation & Amortization, 5 Year CAGR | 9.29% |
Financial forecast (AUD, millions except per share)
| Actuals | Estimates | |||||||
| 2025 | 2026 | 2027 | 2028 | |||||
| Estimate breakdown | ||||||||
Financials (AUD, millions)
| Period end: | JUL 21 | JUL 22 | JUL 23 | JUL 24 | JUL 25 |
| Fiscal year: | 2021 | 2022 | 2023 | 2024 | 2025 |
| Period length: | 12 months | 12 months | 12 months | 12 months | 12 months |
Announcements
| DATE | TIME | HEADING | PAGES |
| Price sensitive |
MYR -12%: Out with preliminary FY26 numbers today and they expect sales of around $4.09 billion, with pro forma sales up just 0.3% and comparable sales up 0.7% as cost-of-living pressures weighed on discretionary spending.
MYR –1.32%: A volatile day after releasing 1H25 results today, the department store owner down as much as 10% earlier in the session before climbing back into positive territory at one point then settling lower into the close.
PMV +9.91% /MYR -1.55%: The duo announced that Myer will merge with the Apparel Brands division of Premier Investments which includes Just Jeans, Jay Jays and Dotti, leaving PMV with Peter Alexander and Smiggle, along with their investment in Breville (BRG).
MYR +7.55%: the retailer hit 10 month highs today on a strong 1H and growth returning, while some changes at the top were also announced. First-half sales were up marginally while NPAT dropped to $52m, though this was at the top end of recently provided guidance. Net cashflow improved by $10.7m, however, this was mostly as a result of an inventory reduction.
MYR +1.59%: the department store company was out with FY23 results today given they run to a July year end. The numbers were broadly in line with expectations as sales jump 12.5% to $3.36b and profit up 18% to $71m, mostly driven by a strong 1H where an improved strategy and strong consumer spending supported earnings.
Myer (MYR) has delivered its best start to a new financial year since 2006 while the company delivered its best 2nd half results since 2013 and the board even announced a 2.5c dividend – this household name has unfortunately probably been the ASX’s largest “dividend trap” of the last decade.
The MM Flagship Growth Portfolio advanced +2.89% last week outperforming the market, our cash position remains at 2% after recent portfolio moves. The support largely came from a recovery in the growth stocks Xero (XRO) +7.7%, ResMed (RMD) +7.2%, HUB24 (HUB) +5% while Woodside Energy (WDS) -2.7% and CSL Ltd (CSL) -1.4% weighed on returns.
MM is neutral MYR ~22c
MM is neutral toward MYR
MM is bullish MYR near term
MM is neutral MYR
MM likes MYR as an aggressive play under 65c
MM have no interest in MYR.
Myer is one of Australia's largest fashion and beauty retailers, with some 60 department stores stores and over 700 stores across its five apparel chains: Dotti, Jacquie E, Jay Jays, Just Jeans, and Portmans. Stores are generally located in areas of high foot traffic in major metropolitan shopping centers. Competitive advantages include a well-established brand and scale benefits from a relatively large revenue base. The Myer brand is iconic among Australian domestic consumers, with its loyalty program boasting over 4 million active members.
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