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Harvey Norman Holdings Ltd (HVN) AI Stock Analysis
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Harvey Norman Holdings Ltd
(ASX:HVN)
The score reflects solid but cooling fundamentals (good profitability and moderate leverage, but weaker/volatile revenue and softer cash conversion) as the primary driver. Technicals are notably bearish with the stock trading below major moving averages and negative MACD, which drags the score. Offsetting this, the valuation is attractive with a low P/E and high dividend yield.
Harvey Norman Holdings Ltd (HVN) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 5.15B
- Dividend Yield
- 6.56%
- Average Volume (3M)
- 2.87M
- Price to Earnings (P/E)
- 9.6
- Beta (1Y)
- 0.71
- Revenue Growth
- 4.65%
- EPS Growth
- 2.02%
- Country
- Australia
- Employees
- 6,649
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Specialty Retail
Harvey Norman Holdings Ltd Business Overview & Revenue Model
Company Description
Harvey Norman Holdings Limited engages in the integrated retail, franchise, property, and digital system businesses. The company franchises and sells products in various categories, including electrical goods, furniture, computerized communications,...
How the Company Makes Money
HVN makes money primarily through (1) retail and franchise-related earnings from selling branded consumer goods and homewares, and (2) income connected to its property interests. 1) Retail and franchise-related earnings - Product sales: A core source...
Harvey Norman Holdings Ltd Financial Statement Overview
Summary
Financials are solid but moderating: profitability remains healthy (net margin ~12% in 2026) and leverage is moderate (debt-to-equity ~0.45–0.53). However, revenue turned sharply negative in 2026 and margins have eased from peak 2021–2022 levels. Cash flow momentum weakened in 2026 (FCF down ~22% and operating cash flow below earnings in 2025–2026), indicating softer cash conversion.
Income Statement
70PositiveBalance Sheet
74PositiveCash Flow
62Positive| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.31B | 4.31B | 4.12B | 3.92B | 3.98B | 4.14B |
| Gross Profit | 2.02B | 2.02B | 2.10B | 1.99B | 1.94B | 2.12B |
| EBITDA | 963.00M | 963.00M | 990.69M | 761.04M | 1.08B | 1.39B |
| Net Income | 528.46M | 528.46M | 518.02M | 352.45M | 539.52M | 811.53M |
Balance Sheet | ||||||
| Total Assets | 8.85B | 8.85B | 8.37B | 7.93B | 7.67B | 7.25B |
| Cash, Cash Equivalents and Short-Term Investments | 298.61M | 298.61M | 279.69M | 273.47M | 218.75M | 248.80M |
| Total Debt | 2.59B | 2.59B | 2.29B | 2.28B | 2.18B | 1.90B |
| Total Liabilities | 3.91B | 3.91B | 3.53B | 3.39B | 3.21B | 2.95B |
| Stockholders Equity | 4.90B | 4.90B | 4.80B | 4.50B | 4.43B | 4.26B |
Cash Flow | ||||||
| Free Cash Flow | 386.72M | 386.72M | 510.74M | 494.37M | 492.60M | 502.38M |
| Operating Cash Flow | 537.22M | 537.22M | 694.30M | 686.53M | 680.26M | 597.30M |
| Investing Cash Flow | -302.27M | -302.27M | -222.54M | -301.18M | -333.48M | -178.79M |
| Financing Cash Flow | -215.66M | -215.66M | -445.62M | -334.25M | -379.07M | -432.87M |
Harvey Norman Holdings Ltd Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HVN, the sentiment is Neutral. The current price of 4.13 is above the 20-day moving average (MA) of 4.10, above the 50-day MA of 4.11, and below the 200-day MA of 4.67, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 53.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:HVN.
Harvey Norman Holdings Ltd Peers Comparison
Overall Rating
AU:KGN69Neutral
AU:JBH68Neutral
AU:NCK62Neutral- AU:HVN60Neutral
AU:TPW51Neutral
AU:ADH49Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:KGN | 69Neutral | AUD 376.41M | 34.65 | 23.74% | 4.06% | 4.64% | ― |
| AU:JBH | 68Neutral | AUD 7.97B | 16.27 | 29.54% | 4.62% | 4.82% | 5.95% |
| AU:NCK | 62Neutral | AUD 1.08B | 14.20 | 27.14% | 6.17% | 4.33% | 31.22% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| AU:HVN | 60Neutral | AUD 5.15B | 9.60 | 10.78% | 6.56% | 4.65% | 2.02% |
| AU:TPW | 51Neutral | AUD 615.37M | 147.90 | 3.54% | ― | 10.63% | -62.61% |
| AU:ADH | 49Neutral | AUD 239.78M | -6.11 | -19.53% | 8.61% | 3.83% | -251.57% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:HVN | Harvey Norman Holdings Ltd | 4.13 | -2.80 | -40.38% | |
| AU:KGN | Kogan.com Ltd. | 3.94 | 0.93 | 30.85% | |
| AU:TPW | Temple & Webster Group Ltd | 5.28 | -18.45 | -77.75% | |
| AU:NCK | Nick Scali Limited | 12.64 | -11.36 | -47.33% | |
| AU:ADH | Adairs Ltd. | 1.33 | -0.54 | -28.92% | |
| AU:JBH | JB Hi-Fi Limited | 72.88 | -26.15 | -26.41% |
Harvey Norman Holdings Ltd Corporate Events
Harvey Norman Files Corporate Governance Statement and Appendix 4G with ASX
Harvey Norman Holdings Limited has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, confirming it is available on the company’s website. The statement, approved by the board as at 28 August 2026, outlines...
Harvey Norman Highlights FY26 Results and Expands U.K. Footprint
Harvey Norman reported its financial year 2026 results, highlighting performance across franchising operations, overseas company‑operated retail, and its property segments. The disclosure emphasises aggregated system sales, Australian franchise...
Harvey Norman lifts profit and expands offshore as strong balance sheet underpins growth
Harvey Norman reported a 4.9% rise in reported profit before tax to $790.29 million for the year to 30 June 2026, with underlying profit before tax up 10.9% to $654.69 million as system sales grew 3.1% to $9.64 billion. The retailer highlighted solid...
Harvey Norman Sets 2026 Dividend and AGM Timetable in Annual Report
Harvey Norman Holdings Ltd is a diversified retail and franchising group listed on the ASX, operating across Australia, New Zealand, Singapore, Slovenia, Ireland, the United Kingdom, Malaysia and Croatia. It focuses on the sale of household goods suc...
Harvey Norman Responds to Federal Court Ruling with Compliance Pledge
Harvey Norman Holdings Ltd has acknowledged a decision by the Federal Court of Australia in a case brought by the corporate regulator ASIC involving both the company and Latitude Financial Services. The company stated that it did not intend to engage...
Harvey Norman Fined $35 Million in ASIC Court Action
Harvey Norman Holdings Limited has been ordered by the Federal Court of Australia to pay a $35 million pecuniary penalty in a proceeding brought by the Australian Securities and Investments Commission, with Latitude Financial Services also fined $20...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 29, 2026