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Shine Justice Ltd.
(Sydney:SHJ)
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Rating:66Neutral
Price Target:
AU$0.77
▲(30.00% Upside)
Action:Reiterated
Date:09/08/26
The score is driven primarily by solid but inconsistent financial performance (stable balance sheet and generally positive free cash flow, offset by volatile earnings and modest recent margins). Technicals add support with the price above major moving averages and neutral-to-positive momentum. Valuation is a clear positive due to a moderate P/E and high dividend yield.
Positive Factors
Stable balance sheet
Moderate, stable leverage and sizable equity provide financial resilience and preserve flexibility for operations, investment, and shareholder returns. The absence of major balance-sheet deterioration reduces the risk that near-term earnings volatility becomes a broader solvency or refinancing problem.
Negative Factors
Flat and declining revenue
A broadly stagnant top line limits the company’s ability to expand earnings and absorb fixed costs through scale. The FY2026 decline also suggests that future improvement will need to come from productivity or mix rather than established revenue momentum, making growth less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable balance sheet
Moderate, stable leverage and sizable equity provide financial resilience and preserve flexibility for operations, investment, and shareholder returns. The absence of major balance-sheet deterioration reduces the risk that near-term earnings volatility becomes a broader solvency or refinancing problem.
Read all positive factors
Shine Justice Ltd. (SHJ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$105.87M
Dividend Yield7.04%
Average Volume (3M)23.99K
Price to Earnings (P/E)10.9
Beta (1Y)0.22
Revenue Growth2.32%
EPS Growth1630.30%
CountryAU
Employees896
SectorConsumer Cyclical
Sector Strength84
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)0.06
Shares Outstanding169,390,400
10 Day Avg. Volume36,000
30 Day Avg. Volume23,991
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.38
Price to Sales (P/S)0.48
P/FCF Ratio6.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.04Price Target Upside76.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.08
Revenue Forecast (FY)AU$221.50M
Shine Justice Ltd. Business Overview & Revenue Model
Company Description
Shine Justice Ltd provides legal services in Australia and New Zealand. It operates in two segments, Personal Injury and Class Actions. The company provides legal services for motor vehicle accidents, abuse law, workers’ compensation, public liabi...
Shine Justice Ltd. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 209.17M | 204.94M | 195.73M | 223.14M | 213.19M |
| Gross Profit | 195.53M | 83.35M | 79.85M | 107.22M | 101.61M |
| EBITDA | 43.73M | 16.28M | 34.67M | 29.61M | 63.43M |
| Net Income | 9.60M | 572.00K | 6.04M | 3.31M | 31.14M |
Balance Sheet | |||||
| Total Assets | 593.29M | 575.52M | 592.58M | 638.75M | 654.24M |
| Cash, Cash Equivalents and Short-Term Investments | 12.51M | 18.06M | 34.83M | 21.09M | 51.86M |
| Total Debt | 98.82M | 99.03M | 85.99M | 111.88M | 92.71M |
| Total Liabilities | 333.55M | 314.22M | 319.95M | 367.91M | 376.44M |
| Stockholders Equity | 262.91M | 261.65M | 272.46M | 270.68M | 277.64M |
Cash Flow | |||||
| Free Cash Flow | 16.33M | 17.93M | 48.45M | 707.00K | 4.89M |
| Operating Cash Flow | 19.04M | 19.49M | 49.44M | 8.33M | 10.63M |
| Investing Cash Flow | -2.99M | -47.00K | -3.92M | -9.50M | -5.01M |
| Financing Cash Flow | -21.57M | -30.82M | -37.19M | -29.62M | -9.71M |
Shine Justice Ltd. Technical Analysis
Positive
0.59
Price Trends
0.60
Positive
0.65
Negative
0.67
Negative
Market Momentum
<0.01
Negative
53.35
Neutral
64.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHJ, the sentiment is Positive. The current price of 0.59 is below the 20-day moving average (MA) of 0.61, below the 50-day MA of 0.60, and below the 200-day MA of 0.67, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 53.35 is Neutral, neither overbought nor oversold. The STOCH value of 64.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:SHJ.
Shine Justice Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
AU:SHJ
Shine Justice Ltd.
0.71
0.07
10.42%
AU:AFL
AF Legal Group Limited
0.15
0.02
16.00%
Shine Justice Ltd. Corporate Events
Shine Justice Corrects Director Equity Disclosure and Updates NED Shareholdings
Sep 1, 2026
Shine Justice has corrected an earlier disclosure regarding non-executive director David Sutton Bayes’ equity holdings, clarifying that his FY27 Non-Executive Director (NED) Rights total 47,123 rather than the previously reported 41,123. The...
Shine Justice Director Increases Indirect Shareholding Under Equity Plan
Sep 1, 2026
Shine Justice Ltd has reported a change in director Rodney Michael Douglas’s holdings, with his interest shifting from a direct to an indirect structure under the company’s Non-executive Director Equity Plan. The adjustment reflects th...
Shine Justice Director Increases Indirect Equity via NED Plan Vesting
Aug 31, 2026
Shine Justice Ltd has reported a change in the interests of non-executive director Teresa Mary Dyson following the vesting of her FY26 Non-executive Director Rights. Under the company’s NED Equity Plan, Dyson salary sacrificed a portion of h...
Shine Justice Updates Non-Executive Director Equity Holdings
Aug 31, 2026
Shine Justice Ltd has disclosed a change in the equity interests of non-executive director Graham John Bradley AO, reflecting the operation of the company’s Non-executive Director Equity Plan. Under this plan, Bradley’s holding shifted...
Shine Justice Issues 223,267 New Shares Following Option Conversions
Aug 31, 2026
Shine Justice Ltd has notified the market of the issuance of 223,267 ordinary fully paid shares on August 31, 2026, following the conversion or exercise of previously unquoted equity securities. The move modestly expands the company’s share ...
Shine Justice files 2026 corporate governance statement and Appendix 4G
Aug 27, 2026
Shine Justice has lodged its Appendix 4G key to corporate governance disclosures and its Corporate Governance Statement for the financial year ended 30 June 2026. The documents, approved by the board and made available via the company’s webs...
Shine Justice Releases FY26 Full-Year Results Presentation
Aug 27, 2026
Shine Justice Ltd has released its full-year results presentation for the financial year ended 30 June 2026, providing investors with detailed financial and operational performance data. The presentation, authorised by the Board, forms the basis f...
Shine Justice Declares Interim Dividend for June Half-Year
Aug 27, 2026
Shine Justice Ltd has declared an interim dividend of AUD 0.025 per ordinary fully paid share for the six-month period ended 30 June 2026. The dividend will be paid on 14 October 2026, with an ex-dividend date of 28 September and a record date of ...
Shine Justice Marks 50 Years as It Releases 2026 Annual Report
Aug 27, 2026
Shine Justice Ltd has released its 2026 Annual Report to the market, marking a formal update to investors and stakeholders on the company’s performance and activities over the past financial year. The report is authorised by the board, under...
Shine Justice posts profit surge and lifts fully franked dividend
Aug 27, 2026
Shine Justice Ltd has reported a modest 2.3% increase in revenue to $209.2 million for the year ended 30 June 2026, but a sharply higher net profit attributable to members of $9.3 million, up more than fourteen-fold from the prior year. The result...
Shine Justice Sets October Date for 2026 AGM and Director Nominations
Aug 19, 2026
Shine Justice Ltd, an ASX-listed legal services company, operates within the Australian justice sector and is overseen by a board whose composition is subject to shareholder approval at regular general meetings. The firm’s governance structu...
Shine Justice Sets Date for FY26 Results and Investor Briefing
Jul 22, 2026
Shine Justice Ltd has scheduled the release of its financial results for the year ended 30 June 2026 for Friday, 28 August 2026. The company will host an analyst and investor briefing at 10:30 a.m. AEST on the same day, underscoring its ongoing en...
Shine Justice Director Bayes Boosts Equity Stake via FY27 Rights Grant
Jul 1, 2026
Shine Justice non-executive director David Sutton Bayes has increased his equity-linked remuneration through the grant of 47,123 FY27 NED Rights, entitlements to acquire fully paid ordinary shares under the company’s Non-executive Director E...
Shine Justice Issues New Salary Sacrifice Rights Under Employee Scheme
Jul 1, 2026
Shine Justice Ltd has issued 192,741 unquoted salary sacrifice rights under its employee incentive scheme, effective 1 July 2026. The rights, which will not be quoted on the ASX, form part of the company’s broader approach to compensating st...
Shine Justice Performance Rights Lapse Reduces Equity Incentive Pool
Jun 25, 2026
Shine Justice Ltd has announced the cessation of 215,236 performance rights identified under the ASX security code SHJAA. These performance rights lapsed because the conditions attached to them were not satisfied or became incapable of being met, ...
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.