Premier Investments Ltd (PMV) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Premier Investments Ltd A$33.48, price A$11.16, upside +200.0%, quality 85 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range A$11.15 – A$34.83 · fair‑value band A$18.38 – A$68.34 · the A$11.16 price screens below the A$33.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe. It operates through two segments, Retail and Investment. The company offers sleepwear, school, lifestyle, and stationery products under the Peter Alexander and Smiggle brand names.
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Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe. It operates through two segments, Retail and Investment. The company offers sleepwear, school, lifestyle, and stationery products under the Peter Alexander and Smiggle brand names. It sells its products through retail stores, as well as through wholesale and online channels. In addition, the company invests in securities. Premier Investments Limited was incorporated in 1987 and is based in Melbourne, Australia.
Stock analysis
Premier Investments Ltd (PMV) currently trades at A$11.16, while our model-based Fair Value estimate is A$33.48, implying the stock looks roughly 66.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of A$98.51 per share, and 21 of the 24 models we run sit above the A$11.16 price.
Bear case: the Asset-Based group reads lowest at A$4.21, and 3 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: A$18.38 (bear) to A$68.34 (bull), the price of A$11.16 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 85/100 (high quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Premier Investments Ltd reported revenue of A$853M in FY2025 versus A$1.4B in FY2021, a compound −12.3%/yr. Reported net income was A$338M in FY2025, compounding +5.6%/yr from FY2021.
Key figures
Market cap A$2.2B (≈ $1.6B) · P/E ratio 12.4 · P/S ratio 4.92 · EPS (TTM) A$0.9000 · Dividend yield 8.5% · Net margin 39.7% · Return on equity 16.0% · Return on assets (EBIT) 15.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
The share trades about 43% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 200%, PMV screens cheaper than that median.
Fair Value models
Bear A$18.38Fair Value A$33.48Bull A$68.34
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.68/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+28.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.5%
Dividend (yield on the price)8.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.20% vs 14%, picking up
Profit margin 2019 to 2024 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 39%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 1.2%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −11.8% a year for the price and −3.2% for the forecasts.
Compare Premier Investments Ltd with another stock
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Peer Groupⓘ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.Apparel Retail · 104 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score85 · Top 25%
Fair Value upside+200% · Top 25%
Profitability
Return on equity (TTM)16% · Above median
Return on assets6% · Above median
Net margin (TTM)39% · Top 25%
Operating margin (TTM)26% · Top 25%
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)8.5% · Top 25%
Balance sheet
Debt / equity0.07× · Above median
Valuation Multiplesvs Apparel Retail median · lower = cheaper
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Is Premier Investments Ltd (PMV) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of A$33.48 versus a price of A$11.16, about +200% upside (undervalued).
What is the fair value of PMV?
Our model-based fair value for Premier Investments Ltd is A$33.48 (as of Sep 24, 2026), built from audited fundamentals. The current price: A$11.16.
What is the quality score of PMV?
Premier Investments Ltd has a Quality Score of 85/100. 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 price target for Premier Investments Ltd (PMV)?
Our model-based price target is the fair value of A$33.48 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario A$18.38, optimistic scenario A$68.34. It is a calculation from audited fundamentals, not an analyst target.
What is the Premier Investments Ltd stock forecast for 2026?
Our models put fair value at A$33.48, about +200% upside versus a price of A$11.16 (undervalued). Cautious scenario A$18.38, optimistic scenario A$68.34. The calculation is refreshed regularly with new filings.
What is the revenue of Premier Investments Ltd (PMV)?
Premier Investments Ltd reported trailing-twelve-month revenue of about A$827M (latest available figure, as of Sep 24, 2026).
Does Premier Investments Ltd pay a dividend?
Premier Investments Ltd currently shows a dividend yield of about 8.51% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Premier Investments Ltd (PMV)?
For today's price to be fair in a discounted-cash-flow model, Premier Investments Ltd would have to grow free cash flow by -9.2 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PMV use?
Our models discount Premier Investments Ltd at 9.6 %: a base by market capitalisation (small), damped by beta 0.35, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Premier Investments Ltd that is -9.2 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Premier Investments Ltd (PMV) delivered so far?
Over the past 5 years revenue at Premier Investments Ltd grew -6.9 % a year. The price currently implies -9.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Premier Investments Ltd (PMV) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Premier Investments Ltd (-9.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Premier Investments Ltd (PMV)?
The free-cash-flow yield on the price is 12.32 %: that much free cash flow Premier Investments Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Premier Investments Ltd (PMV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Premier Investments Ltd it is A$33.48 per share (as of Sep 24, 2026), against a price of A$11.16. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Premier Investments Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PMV trades below its calculated fair value: price A$11.16, fair value A$33.48, a gap of about +200% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PMV?
No. The price is what the market pays today (A$11.16); the fair value is what the company's own numbers justify (A$33.48). For Premier Investments Ltd the two are A$22.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is Premier Investments Ltd worth?
The market values Premier Investments Ltd at about A$2.2B (market capitalisation, as of Sep 24, 2026). Per share that is A$11.16; our models calculate a fair value of A$33.48 per share.
What do the bullish and bearish scenarios say about PMV?
Our models span a range for Premier Investments Ltd: cautious scenario A$18.38, base A$33.48, optimistic A$68.34 per share (as of Sep 24, 2026, price A$11.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PMV?
Premier Investments Ltd trades at a price-to-earnings ratio of 12.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$33.48 is built from several models across several years. Other multiples: PEG 2.4, P/B 1.6, P/S 1.9, EV/EBITDA 6.6.
What is the PEG ratio of PMV?
The PEG ratio of Premier Investments Ltd is 2.40 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Premier Investments Ltd (PMV)?
Balance-sheet figures for Premier Investments Ltd (as of Sep 24, 2026): return on equity 16.0%, debt of 0.07 per unit of equity. They feed the Quality Score of 85/100, which measures business quality independently of the share price.
How far is PMV from its 52-week high?
Premier Investments Ltd trades at A$11.16, about 43% below its 52-week high of A$19.69 and at the low of A$11.15 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of A$33.48 is for.
Which stocks are comparable to Premier Investments Ltd?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, The TJX Companies, Inc, Fast Retailing Co, Ross Stores, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Premier Investments Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price A$11.16, calculated fair value A$33.48 (+200%), Quality Score 85/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PMV calculated?
We run Premier Investments Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$33.48, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Premier Investments Ltd currently trades 200 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Premier Investments Ltd (PMV)?
The closing price on Sep 23, 2026 was A$11.16. Our model-based fair value is A$33.48, about +200% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Premier Investments Ltd right now?
The rarer combination: high quality (85/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (A$18.38). The market is more pessimistic than our downside scenario. The model range is unusually wide (A$18.38 to A$68.34). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Where does the earnings growth of Premier Investments Ltd (PMV) come from?
Earnings per share at Premier Investments Ltd grew +13.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.3 %, EBIT margin +10.2 %, tax rate +0.3 %, residual (interest, one-offs) +1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Premier Investments Ltd
How large is the market capitalisation of Premier Investments Ltd (PMV)?
The market capitalisation of Premier Investments Ltd is A$2.2B (≈ $1.6B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Premier Investments Ltd (PMV)?
The price-to-sales ratio of Premier Investments Ltd is 4.92 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Premier Investments Ltd (PMV)?
Earnings per share at Premier Investments Ltd are A$0.9000 (price ÷ EPS = P/E 12.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Premier Investments Ltd (PMV)?
The dividend yield of Premier Investments Ltd is 8.5% (payout 106%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Premier Investments Ltd (PMV)?
The net margin of Premier Investments Ltd is 39.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Premier Investments Ltd (PMV)?
The return on equity (ROE) of Premier Investments Ltd is 16.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Premier Investments Ltd (PMV)?
On an EBIT basis the return on assets of Premier Investments Ltd is 15.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Premier Investments Ltd (PMV)?
The operating margin of Premier Investments Ltd is 25.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Premier Investments Ltd (PMV)?
Revenue at Premier Investments Ltd is growing −1.1% versus a year earlier (3y avg −17.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Premier Investments Ltd (PMV)?
Earnings per share at Premier Investments Ltd are growing −13.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Premier Investments Ltd (PMV) hold?
Premier Investments Ltd holds more cash than debt, A$81.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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