How to buy Michael Hill International shares | A$0.535

Michael Hill International Limited is a luxury goods business based in Australia. Michael Hill International shares (MHJ) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.535 – an increase of 5.94% over the previous week. Michael Hill International has a trailing 12-month revenue of around $492.1 million.

How to buy shares in Michael Hill International

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Michael Hill International . Find the share by name or ticker symbol: MHJ. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Michael Hill International reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.535, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Michael Hill International . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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How has coronavirus impacted Michael Hill International 's share price?

Since the stock market crash in March caused by coronavirus, Michael Hill International 's share price has had significant negative movement.

Its last market close was $0.535, which is 10.83% down on its pre-crash value of $0.6 and 143.18% up on the lowest point reached during the March crash when the shares fell as low as $0.22.

If you had bought $1,000 worth of Michael Hill International shares at the start of February 2020, those shares would have been worth $454.54 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $884.30.

Michael Hill International share price

Use our graph to track the performance of MHJ stocks over time.

Michael Hill International shares at a glance

• Key figures

Information last updated 2020-10-21.

Latest market close	AUDA$0.535
52-week range	AUDA$0.22 - AUDA$0.74
50-day moving average	AUDA$0.4109
200-day moving average	AUDA$0.3514
Target price	AUDA$0.93
PE ratio	61.4396
Dividend yield	AUDA$0.03 (5.45%)
Earnings per share (TTM)	AUDA$0.008

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Michael Hill International stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Michael Hill International Limited by TradingView

Michael Hill International price performance over time

Historical closes compared with the close of A$0.535 on 2020-10-22

1 week (2020-10-15)	10.31%
1 month (2020-09-25)	32.10%
3 months (2020-07-24)	67.19%
6 months (2020-04-24)	84.48%

1 year (2019-10-25)	-18.94%
2 years (2018-10-25)	-18.94%
3 years (2017-10-25)	-50.92%
5 years (2015-10-21)	N/A

Is Michael Hill International under- or over-valued?

Valuing Michael Hill International stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Michael Hill International 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Michael Hill International 's P/E ratio

Michael Hill International 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 61x. In other words, Michael Hill International shares trade at around 61x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Michael Hill International 's EBITDA

Michael Hill International 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $35.7 million.

The EBITDA is a measure of a Michael Hill International 's overall financial performance and is widely used to measure a its profitability.

Michael Hill International financials

Revenue TTM	$492.1 million
Operating margin TTM	4.11%
Gross profit TTM	$298.2 million
Return on assets TTM	2.87%
Return on equity TTM	1.85%
Profit margin	0.62%
Book value	0.397
Market capitalisation	$205.6 million

TTM: trailing 12 months

Michael Hill International share dividends

Dividend payout ratio: 150% of net profits

Recently Michael Hill International has paid out, on average, around 150% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.45% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Michael Hill International shareholders could enjoy a 5.45% return on their shares, in the form of dividend payments. In Michael Hill International 's case, that would currently equate to about A$0.03 per share.

Michael Hill International 's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 11 March 2020 (the "ex-dividend date").

Michael Hill International share price volatility

Over the last 12 months, Michael Hill International 's shares have ranged in value from as little as $0.22 up to $0.74. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Michael Hill International 's is 2.0765. This would suggest that Michael Hill International 's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Michael Hill International overview

Michael Hill International Limited owns and operates retail jewelry stores, and provides related services in Australia, New Zeeland, and Canada. The company operates its stores under the Michael Hill and Emma & Roe brand names. Its stores offer bracelets and bangles, earrings, pendants and necklaces, rings, chains, watches, gifts, and collections, as well as birthstones. As of June 30, 2019, Michael Hill International Limited operated 306 stores, including 305 Michael Hill stores and 1 Emma & Roe stores. It also offers professional care plans and in-house customer finance services; and operates Michael Hill and Emma & Roe e-commerce sites. The company was formerly known as Michael Hill New Zealand Limited and changed its name to Michael Hill International Limited in July 2016. Michael Hill International Limited was founded in 1979 and is based in Murarrie, Australia.

Frequently asked questions

• What percentage of Michael Hill International is owned by insiders or institutions?

  Currently 51.131% of Michael Hill International shares are held by insiders and 7.269% by institutions.

• When does the fiscal year end for Michael Hill International ?

  Michael Hill International 's fiscal year ends in June.

• Where is Michael Hill International based?

  Michael Hill International 's address is: Metroplex on Gateway, Murarrie, QLD, Australia, 4172

• What is Michael Hill International 's ISIN number?

  Michael Hill International 's international securities identification number is: AU000000MHJ4