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Temple & Webster Group Ltd
(Sydney:TPW)
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Rating:51Neutral
Price Target:
AU$5.00
▲(1.21% Upside)
Action:Reiterated
Date:08/21/26
The score is primarily held back by weak technicals (broad downtrend and negative momentum) and an expensive valuation (very high P/E with no dividend support). Financial performance is mixed: revenue growth is strong, but significant margin compression and less consistent free cash flow reduce earnings quality and raise sensitivity to cost pressures.
Positive Factors
Consistent Revenue Growth
Sustained double-digit revenue growth indicates continued customer demand and expanding sales through TPW’s online furniture and homewares platform, supporting longer-term scale benefits if the company can improve profitability.
Negative Factors
Severe Margin Compression
Sharp gross and net margin deterioration shows that revenue growth is not translating efficiently into earnings. Persistent pressure from costs, discounting, or fulfilment could limit operating leverage and weaken earnings quality.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Sustained double-digit revenue growth indicates continued customer demand and expanding sales through TPW’s online furniture and homewares platform, supporting longer-term scale benefits if the company can improve profitability.
Read all positive factors
Temple & Webster Group Ltd (TPW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$561.76M
Dividend YieldN/A
Average Volume (3M)314.30K
Price to Earnings (P/E)133.1
Beta (1Y)1.89
Revenue Growth10.63%
EPS Growth-62.61%
CountryAU
Employees209
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)0.04
Shares Outstanding116,546,730
10 Day Avg. Volume473,374
30 Day Avg. Volume314,295
Financial Highlights & Ratios
PEG Ratio-2.86
Price to Book (P/B)6.97
Price to Sales (P/S)1.11
P/FCF Ratio39.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$5.30Price Target Upside7.26% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)0.14
Revenue Forecast (FY)AU$661.19M
Temple & Webster Group Ltd Business Overview & Revenue Model
Company Description
Temple & Webster Group Ltd is an Australian online retailer specializing in furniture, homewares, and products for home improvement. The company offers a vast selection of approximately 200,000 items through its dedicated Temple & Webster online p...
How the Company Makes Money
TPW makes money primarily by selling furniture and homewares through its online retail platform. Revenue is generated from product sales to customers, with income reflecting the retail value of goods sold (net of returns, discounts, and any applic...
Temple & Webster Group Ltd Earnings Call Summary
Earnings Call Date:Feb 12, 2024
(Q2-2024)
| % Change Since: |
Next Earnings Date:Feb 15, 2027
Earnings Call Sentiment Positive
The earnings call reflects a strong performance with record revenue growth and strategic initiatives driving customer engagement and financial strength. While there are challenges such as a decline in average order value and increased marketing costs, the overall financial and operational indicators are positive.Positive Updates
Record Half-Year Revenue Growth
Temple & Webster delivered a record half with revenue up 23% to $254 million, driven by growth in both first-time and repeat customers.
Negative Updates
Decline in Average Order Value
The average order value declined as customers sought more value in a tough economic environment.
Read all updates
Q2-2024 Updates
Positive
Negative
Record Half-Year Revenue Growth
Temple & Webster delivered a record half with revenue up 23% to $254 million, driven by growth in both first-time and repeat customers.
Read all positive updates
Company Guidance
During the Temple & Webster earnings call for the first half of fiscal year 2024, several key metrics and guidance were highlighted. The company reported a record revenue increase of 23% to $254 million, with a significant 40% growth in the second quarter, primarily driven by strong sales during Black Friday and Cyber Monday. The EBITDA for the first half was $7.5 million, marking a year-on-year increase. Temple & Webster also achieved a milestone of crossing 1 million active customers. Marketing return on investment was in line with expectations, despite increased brand investment. The company continues to focus on its strategic goals, aiming for $1 billion in sales over the next 3 to 5 years while maintaining profitability. The B2B division grew by 23%, contributing 9% to group revenue, and the Home Improvement division achieved $14 million in revenue with an 18% growth rate. They plan to increase their brand investment and optimize their marketing mix using AI and data-driven strategies to further enhance customer experience and operational efficiency.Temple & Webster Group Ltd Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
54
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 664.59M | 600.72M | 497.84M | 395.51M | 426.33M |
| Gross Profit | 145.51M | 198.12M | 166.06M | 83.61M | 151.13M |
| EBITDA | 8.97M | 11.36M | 13.88M | 15.50M | 16.15M |
| Net Income | 4.30M | 11.30M | 1.79M | 8.30M | 11.97M |
Balance Sheet | |||||
| Total Assets | 250.08M | 277.51M | 206.48M | 190.78M | 170.34M |
| Cash, Cash Equivalents and Short-Term Investments | 122.69M | 144.35M | 116.35M | 105.14M | 101.01M |
| Total Debt | 42.37M | 23.72M | 22.32M | 25.03M | 5.10M |
| Total Liabilities | 144.45M | 129.43M | 99.96M | 83.05M | 67.43M |
| Stockholders Equity | 105.63M | 148.08M | 106.52M | 107.73M | 102.91M |
Cash Flow | |||||
| Free Cash Flow | 18.56M | 45.55M | 24.21M | 19.22M | 7.60M |
| Operating Cash Flow | 23.92M | 45.95M | 24.27M | 22.00M | 13.39M |
| Investing Cash Flow | -9.87M | -1.21M | -2.98M | -3.38M | -7.91M |
| Financing Cash Flow | -35.71M | -7.54M | -15.80M | -14.49M | -1.97M |
Temple & Webster Group Ltd Technical Analysis
Negative
4.94
Price Trends
5.40
Negative
5.52
Negative
8.58
Negative
Market Momentum
-0.23
Positive
41.49
Neutral
58.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TPW, the sentiment is Negative. The current price of 4.94 is below the 20-day moving average (MA) of 5.22, below the 50-day MA of 5.40, and below the 200-day MA of 8.58, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 41.49 is Neutral, neither overbought nor oversold. The STOCH value of 58.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TPW.
Temple & Webster Group Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | AU$1.30B | 16.80 | 27.14% | 4.87% | 4.33% | 31.22% | |
65 Neutral | AU$396.76M | 15.87 | 15.11% | 2.86% | 3.42% | -8.75% | |
63 Neutral | AU$351.69M | 32.50 | 23.74% | 3.65% | 4.64% | ― | |
62 Neutral | AU$47.95M | 9.28 | 14.55% | 8.20% | 8.43% | 23.06% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | AU$267.03M | -6.62 | -19.53% | 5.85% | 3.83% | -251.57% | |
51 Neutral | AU$561.76M | 133.05 | 3.54% | ― | 10.63% | -62.61% |
* Consumer Cyclical Sector Average
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Temple & Webster Group Ltd Corporate Events
Temple & Webster Reports Lapse of 188,572 Performance Rights
Aug 27, 2026
Temple Webster Group Ltd has notified the market that 188,572 performance rights, trading under the ASX code TPWAA, have lapsed. The conditional rights ceased on 21 August 2026 after the vesting conditions were not met or became incapable of bein...
Temple & Webster Issues New Shares After Option Conversions
Aug 27, 2026
Temple Webster Group Ltd has notified the market of the issue of 12,088 new fully paid ordinary shares following the conversion of previously unquoted options or other convertible securities. The new shares, issued on 21 August 2026, represent a ...
Temple & Webster Sets Date and Nomination Deadline for 2026 AGM
Aug 27, 2026
Temple Webster has scheduled its 2026 Annual General Meeting for 23 October at 11:00am AEDT, setting 3 September as the deadline for shareholders to nominate candidates for election to the board. The upcoming AGM and nomination window mark a rout...
Temple & Webster Updates Market on Daily Progress of Share Buy-Back
Aug 24, 2026
Temple Webster Group Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for ordinary fully paid TPW securities. The latest daily report, dated 25 August 2026, confirms cumulative buy-backs o...
State Street exits substantial holding in Temple & Webster
Aug 24, 2026
State Street Corporation, through several global asset management and trust subsidiaries, has lodged a notice that it has ceased to be a substantial holder in Temple Webster Group Ltd as of 20 August 2026. The change reduces State Street’s ...
Temple & Webster Director Michael Malone Increases Indirect Shareholding
Aug 23, 2026
Temple Webster Group has disclosed a change in director Michael Malone’s indirect interest in the company’s shares, lodged with the ASX under director interest notification rules. Malone holds his stake through Dew Drops Pty Ltd as tr...
Temple & Webster Reports Progress of On-Market Share Buy-Back
Aug 23, 2026
Temple Webster Group Ltd, an ASX-listed online homewares and furniture retailer, operates a digital marketplace offering a wide range of home furnishing products to Australian consumers. The company focuses on e-commerce distribution and aims to ...
Temple & Webster Updates Market on Ongoing Share Buy-Back Activity
Aug 20, 2026
Temple Webster Group Ltd has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program covering its ordinary fully paid TPW securities. The company continues to report daily activity under this program, in...
Temple & Webster Reports Daily On-Market Share Buy-Back Activity
Aug 19, 2026
Temple Webster Group Ltd has issued an updated Appendix 3C notification confirming activity under its on-market share buy-back program for its ordinary fully paid shares. The latest daily buy-back notice reports that 475,482 TPW securities were r...
Temple & Webster Delivers Record FY26 Revenue and Eyes Strong EBITDA Growth
Aug 18, 2026
Temple Webster reported record FY26 revenue of about $665 million, up roughly 11 per cent year on year, alongside a 17 per cent rise in EBITDA and a 28 per cent increase in underlying EBITDA excluding foreign exchange impacts. Despite deploying a...
Temple & Webster lifts revenue and margins but profits slide amid growth investments
Aug 18, 2026
Temple Webster Group Ltd reported full-year FY26 revenue of $664.6 million, up 10.6% from the prior year, with EBITDA rising 16.6% to $21.9 million and underlying EBITDA (ex-FX) up 28% to $25.9 million, reflecting stronger core trading performanc...
JPMorgan Group Exits as Substantial Holder in Temple & Webster
Aug 16, 2026
JPMorgan Chase Co. and its affiliated entities have notified Temple Webster Group Ltd that they have ceased to be a substantial holder in the Australian online homewares and furniture retailer. The change follows a series of transactions and sec...
Temple & Webster Launches On‑Market Share Buy‑Back
Jul 30, 2026
Temple Webster Group Ltd has announced an on‑market share buy‑back of its ordinary fully paid shares traded under the ASX code TPW. The move signals the company’s intention to actively manage its capital structure, potentially e...
Temple & Webster sets date for full-year 2026 results briefing
Jul 22, 2026
Temple Webster Group Ltd has scheduled a full-year 2026 results briefing for investors and analysts, to be hosted by its executive chair, chief executive and chief financial officer on 19 August 2026 at 10:00am AEST. The session, which will inclu...
UBS Group AG exits substantial holder position in Temple & Webster
Jun 29, 2026
UBS Group AG and its related bodies corporate have ceased to be a substantial shareholder in Temple Webster Group Ltd as of 25 June 2026, according to a regulatory filing. The change reflects a reduction in UBS’s relevant interest in the co...
JPMorgan exits substantial holder position in Temple & Webster
Jun 22, 2026
JPMorgan Chase Co and its affiliates have notified Temple Webster Group Ltd that they have ceased to be a substantial holder in the company as of 18 June 2026, under Australia’s Corporations Act disclosure rules. The change reflects adjust...
Temple & Webster Cancels 3.7 Million Shares After On-Market Buy-Back
Jun 19, 2026
Temple Webster Group Ltd has cancelled 3,728,078 ordinary fully paid shares following completion of an on-market buy-back. The reduction in issued capital may enhance earnings per share and reflects management’s capital allocation strategy,...
Temple & Webster Completes A$29.8m On-Market Share Buy-Back
Jun 19, 2026
Temple Webster Group Ltd, the online furniture and homewares retailer listed on the ASX under code TPW, operates a digital-first model focused on serving home-focused consumers across Australia. Its platform enables customers to purchase a wide a...
UBS Exits Substantial Holding in Temple & Webster
Jun 5, 2026
UBS Group AG and its related entities have notified Temple Webster Group that they have ceased to be a substantial shareholder in the online furniture and homewares retailer. The change was formalised in early June 2026 via a substantial holder n...
Temple & Webster Dropped from S&P/ASX 200 in Quarterly Index Shake-Up
Jun 5, 2026
SP Dow Jones Indices has announced changes to several SP/ASX indices effective before trading on 22 June 2026, following its quarterly review, with ALS Limited and Paladin Energy Limited among those moving into higher-profile benchmarks. Notably, ...
Temple & Webster Updates Market on Ongoing On‑Market Share Buy‑Back
Jun 4, 2026
Temple Webster Group Ltd has provided an updated notification to the ASX regarding its on-market share buy-back of ordinary fully paid shares under the code TPW. The company reported that a total of 3,626,077 shares had been repurchased before th...
Temple & Webster updates market on ongoing share buy-back
Jun 3, 2026
Temple Webster Group Ltd has confirmed ongoing on-market buy-backs of its ordinary fully paid shares, with the latest update noting cumulative repurchases and daily activity as part of its capital management strategy. The program, first notified ...
UBS exits substantial holding in Temple & Webster
May 29, 2026
UBS Group AG and its related bodies corporate have notified Temple Webster Group Ltd that they have ceased to be a substantial shareholder in the online furniture and homewares retailer as of 27 May 2026. The change, formalised in a substantial h...
JPMorgan exits substantial holder position in Temple & Webster
May 27, 2026
JPMorgan Chase Co. and its affiliates have notified Temple Webster Group Ltd that they have ceased to be a substantial holder in the company as of 25 May 2026. The change reflects adjustments in securities lending and principal trading activitie...
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.