Shine Justice Ltd (SHJ) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Shine Justice Ltd A$0.86, price A$0.75, upside +15.4%, quality 56 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 23, 2026.
How to read this chart
60‑month range A$0.4890 – A$1.23 · the A$0.7450 price screens below the A$0.8600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Shine Justice Ltd provides legal services in Australia and New Zealand. It operates in two segments, Personal Injury and Class Actions.
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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.
Stock analysis
Shine Justice Ltd (SHJ) currently trades at A$0.7450, while our model-based Fair Value estimate is A$0.8600, implying the stock looks roughly 13.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of A$1.42 per share, and 16 of the 23 models we run sit above the A$0.7450 price.
Bear case: the Economic Profit group reads lowest at A$0.8100, and 7 of the 23 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap A$134M (≈ $94.1M) · P/E ratio 12.4 · P/S ratio 0.03 · EPS (TTM) A$0.0600 · Dividend yield 6.7% · Net margin 0.3% · Return on equity 3.2% · Return on assets (EBIT) 8.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 15%, SHJ screens cheaper than that median.
Fair Value models
Bear A$0.8600Fair Value A$0.8600Bull A$0.8600
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0100 per share) are deliberately not added.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. Basis: EBIT basis.
+16.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.6%
Dividend (yield on the price)6.7%
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.−52% vs −32%, slowing
Profit margin 2016 to 2022 ⓘ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.15% → 25%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−1.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −4.1% a year for the price.
Price, fair value, quality and upside side by side.
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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.Personal Services · 41 stocks
Beats the industry median on 10/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside+13% · Above median
Profitability
Return on equity (TTM)3% · Below median
Return on assets2% · Below median
Net margin (TTM)5% · Below median
Operating margin (TTM)13% · Above median
Growth and dividend
Revenue growth8% · Above median
Dividend yield (TTM)6.7% · Top 25%
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Personal Services median · lower = cheaper
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Is Shine Justice Ltd (SHJ) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.8600 versus a price of A$0.7450, about +15% upside (undervalued).
What is the fair value of SHJ?
Our model-based fair value for Shine Justice Ltd is A$0.8600 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.7450.
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 price target for Shine Justice Ltd (SHJ)?
Our model-based price target is the fair value of A$0.8600 (as of Sep 23, 2026) from 23 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Shine Justice Ltd stock forecast for 2026?
Our models put fair value at A$0.8600, about +15% upside versus a price of A$0.7450 (undervalued). The calculation is refreshed regularly with new filings.
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 Sep 23, 2026).
Does Shine Justice Ltd pay a dividend?
Shine Justice Ltd currently shows a dividend yield of about 6.71% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Shine Justice Ltd (SHJ)?
For today's price to be fair in a discounted-cash-flow model, Shine Justice Ltd would have to grow free cash flow by -1.2 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of SHJ use?
Our models discount Shine Justice Ltd at 11.0 %: a base by market capitalisation (micro), damped by beta 0.03, 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 Shine Justice Ltd that is -1.2 % per year a year over ten years, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Shine Justice Ltd (SHJ) delivered so far?
Over the past 5 years revenue at Shine Justice Ltd grew +2.5 % a year. The price currently implies -1.2 % 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 Shine Justice Ltd (SHJ) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Shine Justice Ltd (-1.2 % 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 Shine Justice Ltd (SHJ)?
The free-cash-flow yield on the price is 13.42 %: that much free cash flow Shine Justice Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shine Justice Ltd (SHJ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shine Justice Ltd it is A$0.8600 per share (as of Sep 23, 2026), against a price of A$0.7450. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Shine Justice Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SHJ trades below its calculated fair value: price A$0.7450, fair value A$0.8600, a gap of about +15% (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 SHJ?
No. The price is what the market pays today (A$0.7450); the fair value is what the company's own numbers justify (A$0.8600). For Shine Justice Ltd the two are A$0.1150 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shine Justice Ltd worth?
The market values Shine Justice Ltd at about A$134M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.7450; our models calculate a fair value of A$0.8600 per share.
What is the P/E ratio of SHJ?
Shine Justice Ltd trades at a price-to-earnings ratio of 12.4 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.8600 is built from several models across several years. Other multiples: PEG 0.4, P/B 0.4, P/S 0.5, EV/EBITDA 4.8.
What is the PEG ratio of SHJ?
The PEG ratio of Shine Justice Ltd is 0.37 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Shine Justice Ltd (SHJ)?
Balance-sheet figures for Shine Justice Ltd (as of Sep 23, 2026): return on equity 3.2%, debt of 0.17 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is SHJ from its 52-week high?
Shine Justice Ltd trades at A$0.7450, about 3% below its 52-week high of A$0.7650 and 31% above the low of A$0.5700 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.8600 is for.
Which stocks are comparable to Shine Justice Ltd?
From the same area (Consumer Cyclical) we also value Rollins, Inc, Service Corporation, Frontdoor, Inc, H&R Block, 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 Shine Justice Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.7450, calculated fair value A$0.8600 (+15%), Quality Score 56/100, from 23 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 SHJ calculated?
We run Shine Justice Ltd through 23 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$0.8600, 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 13.2 % above its aggregate fair value. Shine Justice Ltd currently trades 15 % 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 Shine Justice Ltd (SHJ)?
The closing price on Sep 24, 2026 was A$0.7450. Our model-based fair value is A$0.8600, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shine Justice Ltd right now?
The price is below even our cautious bear case (A$0.8600). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Shine Justice Ltd (SHJ) come from?
Earnings per share at Shine Justice Ltd grew −19.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.8 %, EBIT margin +1.6 %, tax rate −4.5 %, residual (interest, one-offs) −20.2 %. 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 Shine Justice Ltd
How large is the market capitalisation of Shine Justice Ltd (SHJ)?
The market capitalisation of Shine Justice Ltd is A$134M (≈ $94.1M). 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 Shine Justice Ltd (SHJ)?
The price-to-sales ratio of Shine Justice Ltd is 0.03 (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 Shine Justice Ltd (SHJ)?
Earnings per share at Shine Justice Ltd are A$0.0600 (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 Shine Justice Ltd (SHJ)?
The dividend yield of Shine Justice Ltd is 6.7% (payout 83.3%). 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 Shine Justice Ltd (SHJ)?
The net margin of Shine Justice Ltd is 0.3% (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 Shine Justice Ltd (SHJ)?
The return on equity (ROE) of Shine Justice Ltd is 3.2% (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 Shine Justice Ltd (SHJ)?
On an EBIT basis the return on assets of Shine Justice Ltd is 8.8% (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 Shine Justice Ltd (SHJ)?
The operating margin of Shine Justice Ltd is 13.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shine Justice Ltd (SHJ)?
Revenue at Shine Justice Ltd is growing +8.4% versus a year earlier (3y avg −1.3%). 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 Shine Justice Ltd (SHJ)?
Earnings per share at Shine Justice Ltd are growing −62.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shine Justice Ltd (SHJ) carry?
The net debt of Shine Justice Ltd is A$81.0M (fiscal year 2025, ≈ 4.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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