How to buy Myer shares | A$0.245
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Myer Holdings Limited is a department stores business based in Australia. Myer shares (MYR) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.245 – an increase of 13.95% over the previous week. Myer has a trailing 12-month revenue of around $2.2 billion.
How to buy shares in Myer
- 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.
- 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.
- Search for Myer. Find the share by name or ticker symbol: MYR. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Myer reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price of $0.245, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Myer. 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.
How has coronavirus impacted Myer's share price?
Since the stock market crash in March caused by coronavirus, Myer's share price has had significant negative movement.
Its last market close was $0.245, which is 35.53% down on its pre-crash value of $0.38 and 195.18% up on the lowest point reached during the March crash when the shares fell as low as $0.083.
If you had bought $1,000 worth of Myer shares at the start of February 2020, those shares would have been worth $232.94 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 $576.47.
Myer share priceUse our graph to track the performance of MYR stocks over time.
Myer shares at a glance
|Latest market close||AUDA$0.245|
|52-week range||AUDA$0.083 - AUDA$0.635|
|50-day moving average||AUDA$0.2167|
|200-day moving average||AUDA$0.2195|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||AUDA$0.013|
Standard brokerage - Australian shares
Share Trading Account Offer
Competitive broker fees on Australian and international shares
- Brokerage - AU shares: From AUD 5 or 0.05%
- Brokerage - US shares: USD 0
- Sign-up process: Instant
- Support - After hours: Yes
Important: Share trading carries risk of capital loss.
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Is it a good time to buy Myer 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.
Myer price performance over time
|1 week (2020-09-10)||16.67%|
|1 month (2020-08-20)||13.95%|
|3 months (2020-06-19)||0.245|
|6 months (2020-03-20)||157.89%|
|1 year (2019-09-20)||-58.82%|
|2 years (2018-09-20)||-56.25%|
|3 years (2017-09-20)||-64.23%|
|5 years (2015-09-18)||-72.00%|
Is Myer under- or over-valued?
Valuing Myer stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Myer's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Myer's P/E ratio
Myer's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, Myer shares trade at around 17x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Myer's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $134.7 million (£0.0 million).
The EBITDA is a measure of a Myer's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$2.2 billion|
|Operating margin TTM||3.17%|
|Gross profit TTM||$958.2 million|
|Return on assets TTM||2.28%|
|Return on equity TTM||-44.42%|
|Market capitalisation||$176.6 million|
TTM: trailing 12 months
Myer share dividends
We're not expecting Myer to pay a dividend over the next 12 months.
Myer share price volatility
Over the last 12 months, Myer's shares have ranged in value from as little as $0.083 up to $0.635. 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 Myer's is 1.891. This would suggest that Myer's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Myer Holdings Limited, together with its subsidiaries, operates department stores in Australia. The company offers men, women, beauty, kids and babies, home, entertainment, and gift products, as well as toys, It also provides customer loyalty programs. The company operates 60 stores under the Myer brand name. Myer Holdings Limited was founded in 1900 and is based in Docklands, Australia.
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