Adairs Ltd
Adairs Ltd operates as a home furnishings retailer in Australia, generating revenue primarily through the sale of furniture, homewares, and related products.
Business. Adairs Ltd (ADH.AX) is a home furnishings retailer listed on the Australian Securities Exchange. The company operates within the Consumer Cyclicals sector, specifically focusing on the retail of home furnishings products. As segment and geographic breakdowns are not provided, the business is described at the industry level as a product-sale retailer. Headquarters location details are not specified in the available data.
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6 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Adairs Ltd (ADH.AX) is a home furnishings retailer listed on the Australian Securities Exchange. The company operates within the Consumer Cyclicals sector, specifically focusing on the retail of home furnishings products. As segment and geographic breakdowns are not provided, the business is described at the industry level as a product-sale retailer. Headquarters location details are not specified in the available data.
Adairs maintains a capital structure with a debt-to-equity ratio of 1.39, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 0.83, suggesting potential short-term liquidity constraints. Free cash flow of 56.55 million AUD supports operational flexibility, though capital expenditures of -13.45 million AUD reflect ongoing investment in infrastructure.
Profitability metrics show a return on equity of 11.41% and a return on assets of 3.92%, both below the industry median for home furnishings retailers. The gross profit margin of 46.8% is in line with sector norms, but operating margin of 5.9% lags behind the cohort median, indicating inefficiencies in cost control or pricing power.
Geographically, Adairs' revenue is concentrated in Australia, with no material international exposure disclosed. Segment-wise, the company operates a single retail segment, with no diversification across product lines or geographic regions.
Revenue growth has been modest, with a trailing twelve-month revenue of 618.09 million AUD. Analysts project a mean price target of 1.97 AUD, with a median of 2.00 AUD, suggesting limited upside potential in the near term. The company's outlook for the current fiscal year is neutral, with no significant revenue acceleration expected.
Risk factors include a medium liquidity risk due to a current ratio below 1 and a negative net cash position after subtracting total debt. Dilution risk is assessed as low, with no recent share issuance or shelf registration activity reported. The company's capital structure remains stable, with no material adjustments to valuation metrics in the past year.
Recent filings and transcripts indicate no material changes in business strategy or operational performance. The company continues to focus on cost optimization and inventory management to improve margins.
- Adairs operates with a debt-to-equity ratio of 1.39, indicating moderate leverage.
- Return on equity of 11.41% is strong but not exceptional for the home furnishings retail sector.
- Free cash flow of 56.55 million AUD supports operational flexibility but is offset by capital expenditures of -13.45 million AUD.
- Analysts project a mean price target of 1.97 AUD, suggesting limited upside potential.
- Revenue is concentrated in Australia, with no material international exposure.
- Liquidity risk is medium, with a current ratio of 0.83 and negative net cash after debt.
Bull / Bear case
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,19 |
| Revenue | —no estimate | —no estimate | 650,6M AUD |
| Operating income | —no estimate | —no estimate | 60,2M AUD |
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consensus EPS · 26-week trendSell-side observations
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- Net cash is negative after subtracting total debt.
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- Adairs Ltd Market data — financials · 2026-05-27
- Adairs Ltd Market data — analyst estimates · 2026-05-27