Shine Justice

SHJ.AX

Personal Products & Services · Consumer Cyclical

Price

A$0.60

-0.04 (-6.25%)

Market Cap

A$101.6M

Exchange

Australian Securities Exchange

Winston Score

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

Strong

Growth

Good

Cash Flow

Good

Stability

Strong

Valuation

Strong

Dividends

Exceptional

Track this stock — start free trial

Share count rising — dilution

+1.1% over 4y

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

Diluted shares outstanding: 177.4M (2021) → 179.4M (2025)

Winston Score History

The full picture

Shine Justice is an Australian law firm that specializes in personal injury and class action lawsuits. It helps everyday people sue for compensation when they have been harmed — for example, in workplace accidents, medical negligence cases, or large group claims against corporations. The firm is one of the larger plaintiff-focused law firms in Australia and is listed on the Australian Securities Exchange.

Shine makes most of its money through "no win, no fee" arrangements, meaning clients only pay if their case is successful. The firm operates primarily across Australia, with offices in most major states. Its competitive position comes from its established brand in plaintiff law and a large pipeline of class action cases, which can generate significant payouts. The main risk is that class actions are unpredictable — cases can take years to resolve, and losses or delays in large matters can meaningfully hurt revenue and cash flow.

Growth Profile

For growth stock investors

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

Revenue Growth

+8.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

-60.6% YoY

YoY Growth Rate

Earnings declining

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

71.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$18M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Growth context

Shine Justice is growing revenue at 9% 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

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

93.6%

Premium pricing power — 93.6% gross margin

Profit after running costs

Operating Margin

17.8%

Healthy — 17.8% operating margin

Return on the money invested

ROCE

14.0%

Good — 14.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+8.4%

Steady sales growth (+8.4% YoY)

Profit growth

EPS YoY

+147.7%

Earnings growing fast (+147.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

84%

Modest — 84% of profit becomes cash

Spare cash per sale

FCF Margin

3.1%

Thin free cash flow (3.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.41

Conservative — low debt load (0.41)

Covers its interest

Interest Cover

6.38x

Adequate interest coverage (6.4x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

10.1x

Attractive valuation — P/E 10.1

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

+2.0

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

4.69%

Healthy income — 4.69% yield

Generous yield. Worth checking whether the payout is sustainable.

Dividend record

Dividend Growth

+16.7%

Dividend growing fast (16.7% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial