Risk factor
Negligible price volatility
Profitability factor
Excellent dividends
About
Harvey Norman Holdings Limited operates a diverse business model encompassing integrated retail, franchising, property management, and digital infrastructure. The company's extensive product range, offered through its franchises and direct sales, includes electronics, home furnishings, computing and communication technology, bedding, kitchen appliances, small household goods, bathroom fixtures, tiles, and various floor coverings. As of June 30, 2022, the group managed 195 franchised retail complexes across Australia under the Harvey Norman, Domayne, and Joyce Mayne brands. Furthermore, it directly operated 109 Harvey Norman-branded stores in several international markets, including New Zealand, Singapore, Malaysia, Slovenia, Croatia, Ireland, and Northern Ireland. Its activities also extend to property investment, media purchasing, acting as a lessor of retail premises to both its franchisees and other third parties, developing and selling properties, and providing consumer finance along with other commercial lending services. Founded in 1982, the company is headquartered in Homebush West, Australia.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. Specifically, the stock is 'cheap' on P/E, neutral on EV/EBITD
Target Price
The average target price of HVN.AX is 5.2 and suggests 10% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation