JB Hi-Fi's Store Network Creates Fulfillment Options but Could Become a Liability Long Term
No-moat JB Hi-Fi’s shares screen as overvalued at current prices after rising about 30% since the start of 2019. The market appears enamoured with the company’s market-leading position and competitive operating cost structure. However, investors aren’t getting a margin of safety to account for longer-term structural risks. We maintain our AUD 24.50 fair value estimate.Like all traditional retailers, JB Hi-Fi continues to transform into an omnichannel, which brings into question the established ...
JB Hi Fi is engaged in the retailing of home consumer products. Co. provides a range of brands with particular focus on consumer electronics, software including music, games and movies, whitegoods and appliances.
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