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Shine Justice Ltd (SHJ) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$102M

SJ Shine Justice Ltd SHJ · AU
PriceA$0.6200
Fair ValueA$0.0700
Upside-88.7%
Quality56/100
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Healthy Growth
Thin margins · 4.7% net margin
Low debt · generates free cash flow
8.33% dividend yield
Ranks above peers (11/15)
Narrow moat 37/100
Evidence: High Range A$0.0600 – A$0.0900 Share as image

Fair value as of: Jul 14, 2026

From 23 valuation models · updated 27 days ago

Fair value updated Jul 14, 2026, revised from A$0.9700 to A$0.0700 (−92.8%) since Jun 24, 2026. Share price +3.3% over the past month.

A solid business, but screening 89% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.0900). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$1.23 A$0.4890 Fair Value A$0.0700 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range A$0.4890 – A$1.23 · fair‑value band A$0.0600 – A$0.0900 · the A$0.6200 price screens above the A$0.0700 fair value. Dashed = 300-day average. As of Jul 14, 2026.

Full chart & analysis →

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Analysis

Shine Justice Ltd (SHJ) currently trades at A$0.6200, while our model-based Fair Value estimate is A$0.0700, implying the stock looks roughly 88.7% overvalued today. The Quality Score stands at 56/100 (solid 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: high).

Over the trailing twelve months, Shine Justice Ltd generated revenue of A$213M at a net margin of 4.7%. Revenue grew 8.4% year over year. It earns a return on equity of 3.2%. Net debt stands at A$81.0M. Fundamentals as of Jul 14, 2026

Our scenario range runs from A$0.0600 (bear case) to A$0.0900 (bull case); at A$0.6200, 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 19% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -16% fair-value upside, at -89%, SHJ 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$0.7000 A$0.9500 A$1.23 80
Residual Income A$0.9200 A$0.8100 A$0.4700 76
Rev-Margin DCF A$0.7500 A$1.22 A$1.74 74
All 23 models by family
DCF Models
FCF DCF A$0.6900 A$0.9700 A$1.31 38
Owner Earnings A$0.5500 A$0.7900 A$1.07 31
5Y Revenue Exit A$0.7500 A$1.21 A$1.78 39
5Y EBITDA Exit A$2.17 A$3.78 A$5.62 41
5Y P/E Exit A$0.2500 A$0.3000 A$0.3500 38
10Y Revenue Exit A$0.6900 A$1.06 A$1.52 36
10Y EBITDA Exit A$1.48 A$2.56 A$3.95 37
10Y P/E Exit A$0.4400 A$0.5300 A$0.6200 35
Earnings-Based
Graham-Dodd A$0.0200 A$0.0600 A$0.0800 54
PEG = 1.0 A$0.0100 A$0.0200 A$0.0200 46
EPV A$2.11 A$2.38 A$2.60 59
Multiples
P/E Multiple A$0.0600 A$0.0700 A$0.0900 63
P/S Multiple A$0.0400 A$0.0600 A$0.0700 58
P/B Multiple A$0.0400 A$0.0600 A$0.0700 55
EV/EBIT A$4.60 A$6.18 A$7.77 53
EV/EBITDA A$3.86 A$5.20 A$6.54 54
EV/Revenue A$0.8600 A$1.29 A$1.73 43
Asset-Based
NCAV (Graham) A$0.7700 A$1.03 A$1.54 50
Growth DCF
Growth DCF A$0.7000 A$0.9500 A$1.23 80
Rev-Margin DCF A$0.7500 A$1.22 A$1.74 74
Economic Profit
Residual Income A$0.9200 A$0.8100 A$0.4700 76
ROIC Compounder A$2.17 A$2.56 A$2.96 72
Growth Earnings
Growth-Adj P/E A$0.0400 A$0.0600 A$0.0800 68

Widest divergence: Asset-Based (A$1.03) versus Earnings-Based (A$0.0600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$213M
Revenue growth (YoY) +8.4%
Net margin 4.7%
Return on equity 3.2%
Free cash flow A$17.9M FY2025
P/E ratio 10.0
More key figures
Operating margin 13.0%
EPS (TTM) A$0.0600
Dividend yield 8.3%
EPS growth (YoY) -62.9%
Net debt A$81.0M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 54 · Market factors (momentum, volatility) 41

Profitability 19
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 71
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 73
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

Shine Justice Ltd provides legal services in Australia and New Zealand. It operates in two segments, Personal Injury and Class Actions.

Full 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 liability, head trauma, disability insurance and superannuation claims, asbestos and dust disease, medical law, catastrophic injuries, disability insurance, superannuation claims, asbestos, dust disease, and medical law, as well as for class actions, international mass torts, and family law. The company was formerly known as Shine Corporate Ltd and changed its name to Shine Justice Ltd in April 2020. Shine Justice Ltd was founded in 1976 and is based in Brisbane, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shine Justice Ltd reported revenue of A$205M in FY2025 versus A$185M in FY2021, a compound +2.5%/yr. Reported net income was A$572K in FY2025, compounding −61.3%/yr from FY2021.

Growth Quality 63/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$205M
Latest YoY
+4.7%
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.
−1.3%
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.
+2.5%
Avg. growth/yr (15Y) 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.
+8.7%
Revenue +2.5%/yr
FY21 A$185M
FY22 A$213M
FY23 A$223M
FY24 A$196M
FY25 A$205M
Net income −61.3%/yr
FY21 A$25.6M
FY22 A$31.1M
FY23 A$3.3M
FY24 A$6.0M
FY25 A$572K
Character of growth · EPS growth decomposed (2014-2025) −19.6 % p.a.
Revenue per share +3.8 pp

of which total revenue +4.5 pp · buybacks/dilution −0.7 pp

EBIT margin +1.6 pp
Tax rate −4.5 pp
Residual (interest, one-offs) −20.5 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).

SHJ screens 89% overvalued. Compare with Rollins, Inc →

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Cite: Fair Value Calculator (2026). "Shine Justice Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SHJ

Peer Group

Personal Services · 42 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 56 · Above median
Fair Value upside −89% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 8% · Above median
Dividend yield (TTM) 8.3% · Top 25%
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Personal Services median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than 75% of peers
P/B 0.27× · Cheaper than 75% of peers
P/S (TTM) 0.34× · Cheaper than median
P/FCF 4.0× · Cheaper than median
EV/EBITDA 3.9× · Cheaper than 75% of peers
PEG 0.37× · Cheaper than 75% of peers

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 13
FUTURE 42 · sector 23
PAST 13 · sector 28
HEALTH 91 · sector 94
DIVIDEND 100 · sector 74

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 Personal Services stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Rollins, Inc ROL $44.47 $21.11 -53%
Service Corporation SCI $78.72 $39.27 -50%
Frontdoor, Inc FTDR $75.69 $75.55 -0%
H&R Block, Inc HRB $41.14 $78.83 +92%
Bright Horizons Family Solutions Inc BFAM $73.99 $62.41 -16%
Fu Shou Yuan International Group 1448 HK$2.64 HK$4.20 +59%
Lungyen Life Service Corporation 5530 48.60 TWD 31.33 TWD -36%
Carriage Services, Inc CSV $38.29 $26.63 -30%
Musti Group MUSTI €14.35 €14.08 -2%
Uniao Pet Participacoes S.A AUAU3 R$3.08 R$1.37 -56%

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Frequently asked questions

Is Shine Justice Ltd (SHJ) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of A$0.0700 versus a price of A$0.6200, about −89% (overvalued).
What is the fair value of SHJ?
Our model-based fair value for Shine Justice Ltd is A$0.0700 (as of Jul 14, 2026), built from audited fundamentals. The current price is A$0.6200.
What is the quality score of SHJ?
Shine Justice Ltd has a Quality Score of 56/100. 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 Shine Justice Ltd (SHJ)?
Shine Justice Ltd reported trailing-twelve-month revenue of about A$213M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of SHJ?
The net profit margin of Shine Justice Ltd is about 4.7%, meaning it keeps roughly 4.7% of revenue as net income. Based on the latest reported figures.
Does Shine Justice Ltd pay a dividend?
Shine Justice Ltd currently shows a dividend yield of about 7.63% relative to its recent price (as of Jul 14, 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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