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Shaver Shop Group Limited

SSG.AX
57
Specialty Retail · Consumer Cyclical
Price
A$1.50
+0.00 (+0.00%)
Market Cap
A$196.5M
Exchange
Australian Securities Exchange
Winston Score
57
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Aug 23, 2026 · filings through Dec 31, 2025
How the score breaks down
Quality
Good
Growth
Weak
Cash Flow
Exceptional
Stability
Exceptional
Valuation
Strong
Dividends
Good

Share count rising — dilution

+2.6% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 127.6M (2021) → 131.0M (2025)

Winston Score History

The full picture

Shaver Shop Group is an Australian specialty retailer that sells personal grooming products. Its stores carry electric shavers, hair clippers, hair dryers, straighteners, and other grooming devices made by brands like Philips, Braun, and Dyson. The company sells to everyday consumers across Australia and New Zealand, making it one of the largest dedicated grooming retailers in the region.

Shaver Shop makes money by selling products through its physical stores and its online channel, keeping a margin on each item sold. It operates around 120 stores, mostly in shopping centres, and generates nearly all of its revenue from Australia and New Zealand. Its main competitive edge is its focused product range and trained staff, which general retailers like department stores cannot easily replicate. The key risk is that consumers may cut back on discretionary spending during economic downturns, which could reduce store traffic and pressure sales volumes.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+2.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+1.5% YoY

YoY Growth Rate

Slow EPS growth

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

23.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$25M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Shaver Shop Group Limited is growing revenue at 2% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Profit per sale
Gross Margin
23.6%
Thin — 23.6% gross margin
Profit after running costs
Operating Margin
14.1%
Healthy — 14.1% operating margin
Return on the money invested
ROCE
18.7%
Strong — 18.7% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth
Sales YoY
+1.5%
Nearly flat sales (+1.5% YoY)
Profit growth
EPS YoY
+2.9%
Flat earnings

Single-digit earnings growth — steady but not exciting.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
214%
Turns 214% of profit into real cash
Spare cash per sale
FCF Margin
12.6%
Converts sales into free cash efficiently (12.6%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns
Debt / Equity
0.30
Conservative — low debt load (0.30)
Covers its interest
Interest Cover
12.82x
Comfortably covers interest (12.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
13.0x
Attractive valuation — P/E 13.0

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
+1.6
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
6.40%
Healthy income — 6.40% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+1.0%
Dividend flat

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