Fiscal 2024 was a year to forget for the Australian retailing sector, and no-moat Harvey Norman wasn’t exempt from the challenging marcoeconomic environment. In its largest overseas market, New Zealand, it was even worse. Consumers across the Tasman are hurting more, with elevated cost-of-living pressures compounded by even higher interest rates than in Australia and declining house prices reversing the wealth effect.
The franchise business model promotes entrepreneurial leadership aimed at evolving product offerings to match the demands of consumers.
The Australian franchisee model could be at a disadvantage in the online channel versus company owned omnichannel competitors and pure-play online retailers.
|
Metric
|
HVN
|
BBY
|
KGN
|
|---|---|---|---|
Price/Earnings (Normalized) | 14.98 | 15.22 | 185.04 |
Price/Book Value | 1.35 | 6.92 | 4.17 |
Price/Sales | 1.55 | 0.51 | 1.13 |
Price/Cash Flow | 8.84 | 9.46 | 18.28 |
|
Metric
|
HVN
|
BBY
|
KGN
|
|---|---|---|---|
Quick Ratio | 1.53 | 0.27 | 0.46 |
Current Ratio | 2.31 | 1.01 | 1.20 |
Interest Coverage | 5.71 | 32.09 | 36.97 |
|
Metric
|
HVN
|
BBY
|
KGN
|
|---|---|---|---|
Return on Assets (Normalized) | 4.60% | 9.70% | 7.72% |
Return on Equity (Normalized) | 8.05% | 50.54% | 13.93% |
Return on Invested Capital (Normalized) | 6.24% | 22.07% | 11.84% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| O'Reilly Automotive Inc
ORLY
| Xhphgtnrz | Smfb | $67.0 Bil | |||
| AutoZone Inc
AZO
| Qjphfkpwn | Prw | $52.2 Bil | |||
| Tractor Supply Co
TSCO
| Scjtzrgpg | Dnzsg | $32.2 Bil | |||
| Best Buy Co Inc
BBY
| Ytrwmsnq | Ttbrjk | $21.4 Bil | |||
| Williams-Sonoma Inc
WSM
| Qrtwfnth | Rjy | $19.3 Bil | |||
| Ulta Beauty Inc
ULTA
| Ckzkzpwmjq | Pwbxppm | $17.6 Bil | |||
| Dick's Sporting Goods Inc
DKS
| Zsfpsbw | Dklthl | $16.7 Bil | |||
| Casey's General Stores Inc
CASY
| Gdktgqnj | Pntzgqc | $13.5 Bil | |||
| Murphy USA Inc
MUSA
| Twgdwzzdd | Hlxdg | $9.9 Bil | |||
| Bath & Body Works Inc
BBWI
| Hmgpnjdg | Fwrrtrg | $6.6 Bil |
United States