The ASX dividend stock JB Hi-Fi Ltd (ASX: JBH) is one of the most underappreciated ideas out there, in my view. The electronics and appliances retailer has been sold off, but I think this is a great opportunity to invest for the long-term.

As the chart below shows, the JB Hi-Fi share price has dropped by 42% in the past year.

Not many large ASX businesses have fallen that much in a relatively short amount of time. However, I think this ASX dividend stock could be a buying opportunity for contrarian and opportunistic investors.

It pays to be optimistic

I can understand why the market is pessimistic about the short-term outlook of the business.

Higher interest rates can cause uncertainty and less spending by households. However, I don’t expect interest rates to remain this high forever, so pessimism could turn into optimism. Perhaps as early as next year.

In my view, JB Hi-Fi’s earnings are more defensive than investors are giving it credit for. Households always need appliances and also certain electronics such as phones and computers are seen as essential for living these days, whether that’s work, education, entertainment or communication.

In FY26, the ASX dividend stock reported that underlying operating profit (EBIT) grew 3.8%, while underlying earnings per share (EPS) climbed by 2.9%. With EPS of $4.48, it was able to fund an annual dividend per share of $3.37. That was despite the difficult trading conditions amid the Middle East conflict and elevated inflation and interest rates.

According to the forecast on Commsec, the business is only expected to see a slight decline of EPS to $4.46 in FY27. That translates into a forward price/earnings (P/E) ratio of just 15, which I think is low for this business.

The company is expanding its store network, continuing to work on being as efficient and profitable as possible, and providing good customer service.

Compelling dividend yield

When a share price falls, it pushes up the prospective dividend yield for investors. For example, if a business had a dividend yield of 5% and the share price drops 20%, the dividend yield becomes 6%.

According to the projection on Commsec, JB Hi-Fi is forecast to pay an annual dividend per share of $3.35 in FY27. That translates into a potential dividend yield of 5% excluding franking credits and 7.1% including franking credits.

That’s a great dividend yield for a large, stable business like JB Hi-Fi, in my view. If there is a good time to invest in this ASX dividend stock, I think now is a great time. But, there are other shares that could be even better value.

The post 1 ASX dividend stock down 42% I’d buy right now appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Solstice Minerals Ltd (ASX: SLS) share price is in focus after the company reported outstanding new high-grade copper-gold intercepts at its 100%-owned Nanadie Copper-Gold Project in Western Australia. Key highlights include a broad 172-metre intercept at 0.69% copper and 0.30g/t gold and an 18-metre interval grading 2.29% copper and 1.12g/t gold.

What did Solstice Minerals report?

• 172m @ 0.69% Cu, 0.30g/t Au from 54m to end of hole in drillhole NANRC058, including 83m @ 0.96% Cu, 0.44g/t Au
• 18m @ 2.29% Cu, 1.12g/t Au to end of hole from 292m (including 5m @ 6.88% Cu, 3.60g/t Au) in NANRC057
• Step-out RC drilling extended the Nanadie resource system to at least 1.3km strike; remains open in all directions
• Diamond tail returned 60.6m @ 0.64% Cu, 0.33g/t Au, and 11.75g/t Ag, with a high-grade silver zone of 14.6m @ 0.69% Cu, 0.10g/t Au, 31.32g/t Ag
• Current Mineral Resource Estimate (MRE): 40.4Mt @ 0.4% Cu, 0.1g/t Au, and 1.0g/t Ag
• No debt and $45 million cash at 31 August 2026

What else do investors need to know?

Ongoing drilling continues to identify previously unrecognised high-grade zones within and adjacent to the current resource boundary, highlighting the potential for higher-than-estimated grades. Results from recent holes will drive continued exploration, particularly along up-plunge positions on the eastern side of the host gabbro and step-down extensions at depth.

Solstice’s expanded camp and core processing facilities have been completed, setting the stage for accelerated drilling with multiple RC and diamond rigs planned to operate for the rest of the year. There are assays pending from a further 13 completed diamond holes and over 20 RC holes, with more news flow likely as the company works to expand both the grade and size of the Nanadie resource.

What did Solstice Minerals management say?

Nick Castleden, Solstice Minerals’ Chief Executive Officer and Managing Director, commented:

Coming hard on the heels of the fantastic, combined intercept of 722.3m at 0.44% Cu, 0.13g/t Au from hole NANRCD005 announced on Friday, these exciting new results show that the momentum of drilling news-flow from Nanadie has well and truly moved up a gear. Importantly, these results confirm our interpretation that there may be significant zones of valuable near-surface high-grade mineralisation both within and adjacent to the current Nanadie Resource that have not previously been recognised or adequately tested.

What’s next for Solstice Minerals?

Solstice is well funded to continue exploration, with a plan to increase drilling density across and below the existing mineral resource boundary. High-grade zones will receive further infill and step-out drilling, while new targets—including the nearby Stark Prospect—are set to be tested.

As the company accelerates its drill program, pending assays and an updated geological model are expected to provide a steady flow of exploration results. The Nanadie system remains open along strike and at depth, offering significant potential for further resource growth in a favourable mining jurisdiction.

Solstice Minerals share price snapshot

Over the past 12 months, Solstice Minerals shares have surged 600%, outperforming the All Ordinaries Index (ASX: XAO).

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The post Solstice Minerals shares in focus as Nanadie drill results impress appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Monash IVF Group Ltd (ASX: MVF) share price is in focus as the company posts FY26 revenue of $269.5 million and declares a final fully franked dividend, despite a 41% fall in underlying net profit after tax (NPAT).

What did Monash IVF Group report?

• Revenue of $269.5 million, down 0.9% from FY25
• Underlying EBITDA of $53.4 million, down 19.5%
• Underlying NPAT of $16.1 million, down 41.2%
• Reported EBITDA of $43.5 million; reported NPAT of $8.3 million
• Final fully franked FY26 dividend of 1.3 cents per share, total FY26 dividends of 2.5 cents (payout ratio 60%)
• Net operating cash flow of $36.7 million (up from $12.9 million in FY25)

What else do investors need to know?

Monash IVF faced a challenging start to FY26, with domestic stimulated cycle volumes softening in the first half. However, momentum improved in the second half, and market share climbed to 20.2%. The company’s international and genetics divisions delivered record results, with offshore revenue rising 15%, and strong growth in specialist genetics testing.

The group focused on strengthening its medical workforce, refreshing leadership, and investing in major infrastructure. Capital expenditure for the year reached $23.8 million, supporting projects like the new Brisbane fertility clinic and increased surgical capacity in Victoria.

What did Monash IVF Group management say?

Speaking about the results, Monash IVF’s CEO, Dr Victoria Atkinson, said:

FY26 was a year of two halves for Monash IVF. While the first half was challenging, we exited the year with improving momentum, with domestic stimulated cycle volume trends strengthening, market share increasing through the second half and our international businesses delivering record performance.

We have used FY26 to strengthen the foundations of the business—building our medical workforce, strengthening leadership and governance, completing significant infrastructure investment and commencing a structural productivity program. We have also launched Nurture 2030, our three-year strategy to accelerate sustainable growth and create stronger returns.

We enter FY27 with multiple growth engines strengthened and a clear focus on execution: growing domestic stimulated cycle volumes, expanding market share, unlocking our completed capital investments, improving productivity and continuing to scale International, Genetics and Diagnostics. With the foundations now in place, Monash IVF is positioned to convert volume growth into stronger earnings through operating leverage and strategic execution.

What’s next for Monash IVF Group?

Looking to FY27, Monash IVF expects stronger financial performance as market conditions improve and expansion efforts take hold. Key priorities include connecting patient journeys with better data, expanding clinical specialties, and embedding ongoing productivity gains.

The group aims to reduce capital expenditure by 50% and reignite organic growth in key states like Victoria and NSW. Management also notes Monash IVF’s strong governance will help it efficiently implement new industry regulations, supporting future returns.

Monash IVF Group share price snapshot

The Monash IVF share price has underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of around 4%.

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The post Monash IVF Group earnings: FY26 profit slips, outlook improves appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.