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Myer Holdings (MYR) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$459M

MH Myer Holdings MYR · AU
PriceA$0.2150
Fair ValueA$0.0425
Upside-80.2%
Quality30/100
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Mixed Growth
Loss-making · -5.9% net margin
Low debt · generates free cash flow
5.66% dividend yield
Mixed vs. peers (5/12)
Narrow moat 16/100
Evidence: Medium Range A$0.0425 – A$0.1700 Share as image

Fair value as of: Jul 18, 2026

From 10 valuation models · updated 23 days ago

Share price −27.1% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.1700). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (A$0.0425 to A$0.1700). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

A$1.16 A$0.2100 Fair Value A$0.0425 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range A$0.2100 – A$1.16 · fair‑value band A$0.0425 – A$0.1700 · the A$0.2150 price screens above the A$0.0425 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Myer Holdings (MYR) currently trades at A$0.2150, while our model-based Fair Value estimate is A$0.0425, implying the stock looks roughly 80.2% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Myer Holdings generated revenue of A$3.4B at a net margin of -5.9%. Revenue grew 28.2% year over year. It earns a return on equity of -36.9%. Net debt stands at A$1.5B. Fundamentals as of Jul 18, 2026

Our scenario range runs from A$0.0425 (bear case) to A$0.1700 (bull case); at A$0.2150, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 68% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 50% fair-value upside, at -80%, MYR screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$1.13 A$1.40 A$1.80 80
Rev-Margin DCF A$1.10 A$1.56 A$2.11 74
EV/EBITDA A$0.7700 A$0.9900 A$1.22 54
All 10 models by family
DCF Models
FCF DCF A$1.11 A$1.39 A$1.85 38
5Y Revenue Exit A$1.10 A$1.54 A$2.15 39
5Y EBITDA Exit A$0.8600 A$1.13 A$1.46 41
10Y Revenue Exit A$1.07 A$1.43 A$1.84 36
10Y EBITDA Exit A$0.9600 A$1.18 A$1.42 37
Multiples
EV/EBITDA A$0.7700 A$0.9900 A$1.22 54
EV/Revenue A$1.18 A$1.64 A$2.11 43
Asset-Based
NCAV (Graham) A$0.2600 A$0.3400 A$0.5100 50
Growth DCF
Growth DCF A$1.13 A$1.40 A$1.80 80
Rev-Margin DCF A$1.10 A$1.56 A$2.11 74

Widest divergence: Growth DCF (A$1.40) versus Asset-Based (A$0.3400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$3.4B
Revenue growth (YoY) +28.2%
Net margin -5.9%
Return on equity -36.9%
Free cash flow A$206M FY2025
Operating margin 5.2%
More key figures
EPS (TTM) A$-0.1800
Dividend yield 6.1%
EPS growth (YoY) -36.1%
Net debt A$1.5B FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 34 · Market factors (momentum, volatility) 5

Profitability 30
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Myer Holdings Limited operates department stores in Australia and New Zealand. The company offers dresses, tops, pants, skirts, swimwear, jackets and coats, jeans and denim products, shorts, knitwear and sweaters, loungewear, t-shirts, shirts, polos, shorts, chinos, singlets and tanks, coveralls and bodysuits, sets, bottoms, lingerie and sleepwear, …

Full company description

Myer Holdings Limited operates department stores in Australia and New Zealand. The company offers dresses, tops, pants, skirts, swimwear, jackets and coats, jeans and denim products, shorts, knitwear and sweaters, loungewear, t-shirts, shirts, polos, shorts, chinos, singlets and tanks, coveralls and bodysuits, sets, bottoms, lingerie and sleepwear, underwear, socks and tights, jumpsuits, activewear, shoes, suiting and occasionwear, bags and wallets, hats, bags, fascinators and hair accessories, lunchboxes and drink bottles, jewellery and watches, sunglasses, belts and ties, stationery and skin products, bath and body products, beanies, pocket squares and handkerchiefs, gift packs, reading glasses, wraps, umbrellas, and scarves and gloves for women, men, and kids. It also provides perfumes, skincare and makeup products, and gift sets; dinnerware, serveware, glassware, barware, cookware, lunch and drink, tea and coffee making, baking and kitchen linen, and cutlery products; and coffee machines, toasters, kettles, blenders and juicers, mixers and food processors, slow and multi cookers, grills and sandwich makers, fryers, microwaves, snacks and drink makers, vacuum cleaners, irons and garment care products, heating and cooling products, air purifiers and dehumidifiers, whitegoods, ovens, stoves and cooktops, quilt covers, sheets and pillowcases, quilts and pillows, bed covers and coverlets, blankets and electric blankets, cushions and throws, mattress protectors and toppers, kids bedroom products, beds and mattresses, knives and chopping boards, utensils and gadgets, cups and mugs, and table linen products and accessories. In addition, the company offers gift cards; suitcases, bags and travel accessories, audio products, and health and fitness products; gifts; toys; and beauty services. It also sells its products through online. The company was founded in 1900 and is based in Docklands, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Myer Holdings reported revenue of A$3.0B in FY2025 versus A$2.3B in FY2021, a compound +7.5%/yr. Reported net income was −A$211M in FY2025.

Growth Quality 45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$3.0B
Latest YoY
+13.8%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.9%
Avg. growth/yr (19Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.9%
Revenue +7.5%/yr
FY21 A$2.3B
FY22 A$2.5B
FY23 A$2.8B
FY24 A$2.6B
FY25 A$3.0B
Net income
FY21 A$46.4M
FY22 A$49.0M
FY23 A$60.4M
FY24 A$43.5M
FY25 −A$211M
Character of growth · EPS growth decomposed (2014-2025) −5.1 % p.a.
Revenue per share −3.2 pp

of which total revenue −0.3 pp · buybacks/dilution −2.9 pp

EBIT margin +4.0 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −5.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

MYR screens 80% overvalued. Compare with Falabella S.A →

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Cite: Fair Value Calculator (2026). "Myer Holdings Fair Value". https://www.fairvalue-calculator.com/stock/MYR

Peer Group

Department Stores · 127 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 30 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on assets -3% · Bottom 25%
Net margin (TTM) -6% · Bottom 25%
Operating margin (TTM) 5% · Below median
Revenue growth 28% · Top 25%
Dividend yield (TTM) 5.7% · Top 25%

Valuation Multiples vs Department Stores median · lower = cheaper

P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 0.10× · Cheaper than 75% of peers
P/FCF 1.6× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 26
FUTURE 100 · sector 2
PAST 0 · sector 16
HEALTH 100 · sector 96
DIVIDEND 100 · sector 37

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Falabella S.A FALABELLA 5,875 CLP 8,880 CLP +51%
El Puerto de Liverpool, S.A. LIVEPOLC1 99.62 MXN 263.70 MXN +165%
99 Speed Mart Retail Holdings 5326 3.70 MYR 1.45 MYR -61%
Cencosud S.A CENCOSUD 2,040 CLP 2,516 CLP +23%
Vishal Mega Mart Limited VMM ₹113.94 ₹37.39 -67%
SHINSEGAE Inc 004170 610,000 KRW 200,259 KRW -67%
Organización Soriana, S. A. B. de C. V., SORIANAB 30.04 MXN 59.59 MXN +98%
Lotte Shopping Co 023530 155,300 KRW 81,725 KRW -47%
Lojas Renner S.A LREN3 R$14.10 R$33.36 +137%
La Comer, S.A. LACOMERUBC 34.37 MXN 51.49 MXN +50%

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Frequently asked questions

Is Myer Holdings (MYR) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of A$0.0425 versus a price of A$0.2150, about −80% (overvalued).
What is the fair value of MYR?
Our model-based fair value for Myer Holdings is A$0.0425 (as of Jul 18, 2026), built from audited fundamentals. The current price is A$0.2150.
What is the quality score of MYR?
Myer Holdings has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Myer Holdings (MYR)?
Myer Holdings reported trailing-twelve-month revenue of about A$3.4B (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MYR?
The net profit margin of Myer Holdings is about -5.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Myer Holdings pay a dividend?
Myer Holdings currently shows a dividend yield of about 6.12% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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