Balance Sheet has been significantly improved, cost of sales dramatically reduced and closure of excess and non profitable stores being undertaken will result in net profit margin on retail sales modestly improving.
However online growing and industry leading rates of growth. Compare the $500m online sales against Kogan, Adore, TPW and explain the discount in the market cap? The only difference is Myer has a stronger brand reputation.
At the current rate of growth myer online sales to hit $1bn within next 2 years and that will be the catalyst for the rerate in share price.
Balance Sheet has been significantly improved, cost of sales...
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Last
63.0¢ |
Change
-0.005(0.79%) |
Mkt cap ! $1.088B | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.5¢ | 61.8¢ | $3.745M | 5.962M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 131416 | 62.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 37239 | 1 |
View Market Depth
| Last trade - 16.10pm 18/06/2025 (20 minute delay) ? |
| MYR (ASX) Chart |