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Myer Holdings Ltd MYR

Rating as of

Morningstar’s Analysis

Valuation
Currency in AUD
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Is it the right time to buy or sell?
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Myer Out of the Woods but Still in the Penalty Box

Analyst Note

| Johannes Faul, CFA |

We lower our uncertainty rating for no-moat rated Myer to high from very high, due to our significantly improved confidence in the company’s solvency. Some market participants seemingly share our view that Myer has successfully navigated the depths of the pandemic.

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Company Profile

Business Description

Myer is Australia's largest department store operator, with some 60 stores that are mostly spread across eastern states. Stores are generally located in areas of high foot traffic in major metropolitan shopping centres. Competitive advantages include a well-established brand and scale benefits from a relatively large revenue base. The brand is somewhat iconic among Australian domestic consumers. The group's loyalty programme has more than 5 million members.

Contact
800 Collins Street, Level 7
Docklands, VIC, 3008, Australia
T +61 386676800
Sector Consumer Cyclical
Industry Department Stores
Most Recent Earnings
Fiscal Year End Jul 25, 2021
Stock Type
Employees

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