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Australian fast-fashion jewellery and accessories retailer with a rapidly expanding global store network.
Australian fast-fashion jewellery and accessories retailer with a rapidly expanding global store network.
Earns by selling low-priced accessories in volume from its own stores, mostly in shopping malls, with franchise partners running stores in some regions such as the Middle East. Growth comes mainly from opening stores in new countries, and most of its stores are now outside Australia.
In one line: A global fast-fashion costume jewellery chain like Claire's, but faster-growing.
Moat: narrow (scale, brand, distribution). Rapid low-cost global store rollout and vertically-controlled supply chain give a speed-to-market edge.
Headquarters: Melbourne, Australia · Founded: 2010
Size Lovisa (LOV.AX) is an Australia Consumer Discretionary company (Specialty Stores) with a market value of $2.18B, the 115th largest of 316 Australia companies the cockpit tracks. Shares closed at A$28.46 on 6 Nov 2026.
Performance Over six months the shares gained 32.2%, against +16.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 17.6% over the last twelve months (peer median +6.7%); the operating margin is 18.1% (peer median 8.7%).
Valuation It trades at 27.8× forward earnings against a peer median of 17.1× (4th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 22% a year for seven years (Req g). Recent delivered growth is +27%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.6 points above its cost of capital (13.0% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$939M | A$939M | A$798M | A$699M | A$596M |
| Revenue growth | — | +18% | +14% | +17% | — |
| Gross profit | A$364M | A$364M | A$306M | A$266M | A$220M |
| EBITDA | A$301M | A$325M | A$273M | A$223M | A$180M |
| Net income | A$95.6M | A$95.6M | A$86.3M | A$82.4M | A$68.2M |
| Free cash flow | A$164M | A$164M | A$147M | A$149M | A$64.5M |
| Capital expenditure | A$69.0M | A$69.0M | A$61.4M | A$38.6M | A$76.9M |
| Total debt | n/a | A$506M | A$500M | A$359M | A$373M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lovisa LOV.AX | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% |
| Pandora A/S PNDORA.CO | $10.1B | +67% | +1% | 24% | 13.7× | -6.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LOV.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +26.8% | +8.3% | 2nd highest of 21 |
| 6-month return | +32.2% | +16.8% | 5th highest of 20 |
| Distance from 52-week high | -23.0% | -20.3% | 9th lowest of 21 |
| Revenue growth (TTM) | +17.6% | +6.7% | 7th highest of 21 |
| Operating margin | 18.1% | 8.7% | 2nd highest of 21 |
| Forward P/E | 27.8× | 17.1× | 4th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 21.9% | 6.1% | 2nd most demanding of 17 |
| Growth delivered (Del g) | +26.7% | +7.0% | 4th highest of 17 |
| Hurdle (Req g minus delivered) | -4.7 pp | -2.9 pp | 6th least demanding of 17 |
| ROIC minus cost of capital | +8.6 pp | +2.0 pp | 6th highest of 21 |
| EV / EBITDA | 12.0× | 10.5× | 6th most expensive of 17 |
| Net debt / EBITDA | 1.6× | 2.1× | 7th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lovisa LOV.AX | Australia | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% | +26.7% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| Super Retail SUL.AX | Australia | $2.14B | +22% | +3% | 9% | 13.8× | 6.7% | +4.0% |
| Watches of Switzerland WOSG.L | United Kingdom | $2.34B | +43% | +11% | 10% | 14.1× | 14.5% | +15.1% |
| North West NWC.TO | Canada | $2.02B | +17% | +1% | 8% | 17.1× | -2.8% | +1.9% |
| POYA International 5904.TWO | Taiwan | $2.38B | +65% | +13% | 17% | 18.7× | 0.7% | +7.6% |
| MTG 7806.T | Japan | $1.96B | +36% | +44% | 11% | 27.4× | n/a | n/a |
| Dunelm DNLM.L | United Kingdom | $2.44B | +24% | +3% | 12% | 11.7× | 2.4% | +6.4% |
| Sonic Automotive SAH | United States | $1.95B | -24% | +2% | 3% | 9.3× | n/a | n/a |
| RH RH | United States | $2.48B | -2% | +3% | 10% | 20.2× | 11.4% | +3.8% |
| Chow Tai Seng Jewelry 002867.SZ | China | $1.88B | -12% | -22% | 14% | 13.1× | 1.3% | +11.7% |
| Bob's Discount Furniture BOBS | United States | $2.54B | +42% | +17% | 9% | 20.2× | 13.4% | +4.0% |
| Shanghai Yuyuan Tourist Mart 600655.SS | China | $2.70B | -6% | -21% | -3% | 77.3× | 15.9% | -4.4% |
| Advance Auto Parts AAP | United States | $2.75B | -19% | -1% | 4% | 19.2× | 5.6% | -3.2% |
| Beijing Caishikou Department Store 605599.SS | China | $1.71B | -23% | +37% | 4% | 13.3× | -17.2% | +32.7% |
| Sally Beauty SBH | United States | $1.71B | +31% | +1% | 9% | 8.3× | -2.6% | +1.0% |
| Honasa Consumer HONASA.NS | India | $1.61B | +32% | +21% | 10% | 52.9× | 42.5% | +39.1% |
| Luk Fook Holdings (International) 0590.HK | Hong Kong | $1.58B | -9% | +29% | 20% | 6.1× | n/a | n/a |
| TRIAL Holdings.Inc 141A.T | Japan | $3.12B | +2% | +69% | 2% | 43.1× | 11.0% | +53.9% |
| Group 1 Automotive GPI | United States | $3.12B | -27% | -3% | 5% | 7.1× | -6.1% | +16.3% |
| Savers Value Village SVV | United States | $1.52B | +22% | +10% | 8% | 18.2× | 12.9% | +15.0% |