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JB Hi-Fi Limited
(Sydney:JBH)
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Rating:68Neutral
Price Target:
AU$78.00
▲(12.85% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily supported by strong underlying financial quality (steady growth, solid balance sheet, and robust free cash flow) and an attractive income/valuation profile (high dividend yield with a moderate P/E). These positives are tempered by weak price action (trading below key moving averages) and some margin/operating cash flow softening versus prior peak years.
Positive Factors
Steady revenue growth
Sustained revenue expansion indicates JB Hi-Fi continues to grow its customer reach and category exposure. The increase across several years provides a durable base for earnings, while the broad store and online model supports continued participation in electronics and appliance demand.
Negative Factors
Profit margin compression
Lower net and EBIT margins suggest that cost inflation, mix changes or promotional intensity is absorbing part of the benefit from sales growth. If this persists, earnings may grow more slowly than revenue and the company’s historically strong profitability could remain below peak levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady revenue growth
Sustained revenue expansion indicates JB Hi-Fi continues to grow its customer reach and category exposure. The increase across several years provides a durable base for earnings, while the broad store and online model supports continued participation in electronics and appliance demand.
Read all positive factors
JB Hi-Fi Limited (JBH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$7.21B
Dividend Yield5.21%
Average Volume (3M)710.72K
Price to Earnings (P/E)14.4
Beta (1Y)1.16
Revenue Growth4.82%
EPS Growth5.95%
CountryAU
Employees17,000
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)4.48
Shares Outstanding109,333,984
10 Day Avg. Volume631,409
30 Day Avg. Volume710,720
Financial Highlights & Ratios
PEG Ratio3.04
Price to Book (P/B)5.37
Price to Sales (P/S)0.80
P/FCF Ratio14.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$77.18Price Target Upside11.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)4.34
Revenue Forecast (FY)AU$11.29B
JB Hi-Fi Limited Business Overview & Revenue Model
Company Description
JB Hi-Fi Limited, an Australian-headquartered company established in 1974, stands as a prominent retailer of consumer goods for the home. The company operates through its key divisions: JB Hi-Fi (serving both Australia and New Zealand) and The Goo...
How the Company Makes Money
JB Hi-Fi makes money primarily by retailing consumer electronics, appliances, and related products to customers through in-store and online sales. Its key revenue streams include: (1) Product sales across core categories such as TVs and audio, com...
JB Hi-Fi Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
71
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.06B | 10.55B | 9.59B | 9.63B | 9.23B |
| Gross Profit | 2.48B | 2.36B | 2.14B | 2.18B | 2.08B |
| EBITDA | 1.10B | 925.90M | 864.40M | 973.80M | 991.50M |
| Net Income | 489.90M | 462.40M | 438.80M | 524.60M | 544.90M |
Balance Sheet | |||||
| Total Assets | 4.17B | 3.88B | 3.49B | 3.49B | 3.16B |
| Cash, Cash Equivalents and Short-Term Investments | 206.50M | 284.10M | 317.70M | 177.30M | 125.60M |
| Total Debt | 705.00M | 714.40M | 657.40M | 655.10M | 604.40M |
| Total Liabilities | 2.52B | 2.26B | 1.93B | 2.08B | 1.88B |
| Stockholders Equity | 1.64B | 1.62B | 1.56B | 1.42B | 1.28B |
Cash Flow | |||||
| Free Cash Flow | 613.70M | 629.30M | 678.10M | 644.40M | 569.80M |
| Operating Cash Flow | 701.20M | 711.60M | 752.60M | 716.40M | 627.40M |
| Investing Cash Flow | -87.40M | -122.90M | -74.40M | -71.70M | -57.40M |
| Financing Cash Flow | -691.00M | -622.40M | -537.90M | -593.10M | -707.20M |
JB Hi-Fi Limited Technical Analysis
Negative
69.12
Price Trends
74.52
Negative
74.21
Negative
77.97
Negative
Market Momentum
-2.72
Negative
31.52
Neutral
24.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:JBH, the sentiment is Negative. The current price of 69.12 is above the 20-day moving average (MA) of 68.92, below the 50-day MA of 74.52, and below the 200-day MA of 77.97, indicating a bearish trend. The MACD of -2.72 indicates Negative momentum. The RSI at 31.52 is Neutral, neither overbought nor oversold. The STOCH value of 24.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:JBH.
JB Hi-Fi Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$169.01M | 11.33 | 16.05% | 8.02% | 2.97% | -1.91% | |
70 Neutral | AU$2.83B | 13.54 | 16.02% | 5.25% | 3.19% | -7.17% | |
68 Neutral | AU$7.21B | 14.44 | 29.54% | 5.21% | 4.82% | 5.95% | |
65 Neutral | AU$411.67M | 15.45 | 14.04% | 4.12% | 3.42% | -8.75% | |
63 Neutral | AU$313.36M | 27.88 | 23.74% | 5.00% | 4.64% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | AU$5.25B | 9.72 | 10.78% | 6.59% | 4.65% | 2.02% |
* Consumer Cyclical Sector Average
AU:JBH
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JB Hi-Fi Limited Corporate Events
JB Hi-Fi Refreshes Board as Former CEO Retires and Terry Smart Returns as Director
Aug 16, 2026
JB Hi-Fi Limited has announced that long-serving non-executive director and former chief executive officer Richard Uechtritz will retire from the board at the conclusion of the company’s Annual General Meeting on 29 October 2026. In a planne...
JB Hi-Fi lodges 2026 corporate governance statement with ASX
Aug 16, 2026
JB Hi-Fi has lodged its annual corporate governance statement for the year ended 30 June 2026 with the ASX, confirming it is included in the company’s 2026 annual report and current as of 17 August 2026. The filing, supported by a completed ...
JB Hi-Fi outlines FY26 results and FY27 trading focus
Aug 16, 2026
JB Hi-Fi Limited has released its FY26 results presentation outlining the group’s financial performance, balance sheet and cash flow for the year. The presentation also sets out key focus areas for the group and provides an FY27 trading upda...
JB Hi-Fi posts record FY26 sales, lifts dividend amid resilient retail performance
Aug 16, 2026
JB Hi-Fi Limited reported record group sales of $11.06 billion for the year to 30 June 2026, with EBIT rising to $734.4 million and NPAT to $489.9 million, underpinning a 22.5% increase in the total ordinary dividend to 337 cents per share. Manage...
JB Hi-Fi Declares AUD 1.27 Dividend for June 2026 Half-Year
Aug 16, 2026
JB Hi-Fi Limited has declared an ordinary dividend of AUD 1.27 per fully paid share for the six-month period ended 30 June 2026. The dividend will trade ex on 27 August 2026, with a record date of 28 August and payment scheduled for 11 September, ...
JB Hi-Fi Delivers Higher Profit and Dividends in 2026 Financial Year
Aug 16, 2026
JB Hi-Fi Limited reported solid growth for the financial year ended 30 June 2026, with revenue from ordinary activities rising 4.8% to $11.06 billion and net profit attributable to members increasing 6.0% to $489.9 million. The board declared full...
JB Hi-Fi Clears Lapsed Options, Trims Potential Dilution
Jul 2, 2026
JB Hi-Fi Limited has notified the market of the cessation of several tranches of employee or management options listed under the ASX code JBHAI. The options, which had various expiry dates and exercise prices, lapsed on 2 April, 30 April, and 29 M...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.