REECE LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 27.53 AUD | -0.65% |
|
+4.80% | +22.96% |
| Feb. 27 | Reece Shares Jump 11%; Posts 2.5% Rise in H1 FY24 Revenue, Profit Jumps | MT |
| Feb. 26 | Reece Posts 2.5% Rise in H1 FY24 Revenue, Profit Jumps | MT |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 5,474 | 5,937 | 15,252 | 8,902 | 11,996 | 17,784 | - | - |
| Enterprise Value (EV) 1 | 6,943 | 7,413 | 15,758 | 9,771 | 12,721 | 18,232 | 17,997 | 17,742 |
| P/E ratio | 27.1 x | 23 x | 53.7 x | 22.6 x | 31 x | 42.6 x | 42.4 x | 37.4 x |
| Yield | 2.07% | 1.31% | 0.76% | 1.63% | 1.35% | 0.92% | 0.97% | 1.08% |
| Capitalization / Revenue | 1 x | 0.99 x | 2.43 x | 1.16 x | 1.36 x | 1.99 x | 1.95 x | 1.84 x |
| EV / Revenue | 1.27 x | 1.23 x | 2.51 x | 1.28 x | 1.44 x | 2.04 x | 1.97 x | 1.84 x |
| EV / EBITDA | 13.5 x | 11.4 x | 21.9 x | 11.7 x | 13 x | 18.1 x | 17.7 x | 16.2 x |
| EV / FCF | 44.7 x | 14.3 x | 52.2 x | 260 x | 18.4 x | 28.8 x | 30.7 x | 26.8 x |
| FCF Yield | 2.24% | 6.98% | 1.92% | 0.38% | 5.42% | 3.48% | 3.26% | 3.73% |
| Price to Book | 2.75 x | 2.16 x | 5.28 x | 2.68 x | 3.31 x | 4.69 x | 4.42 x | 4.08 x |
| Nbr of stocks (in thousands) | 560,823 | 645,984 | 645,984 | 645,984 | 645,984 | 645,984 | - | - |
| Reference price 2 | 9.760 | 9.190 | 23.61 | 13.78 | 18.57 | 27.53 | 27.53 | 27.53 |
| Announcement Date | 8/28/19 | 8/26/20 | 8/24/21 | 8/23/22 | 8/22/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,464 | 6,014 | 6,271 | 7,654 | 8,840 | 8,944 | 9,126 | 9,648 |
| EBITDA 1 | 513 | 649.6 | 720 | 838.3 | 975 | 1,007 | 1,018 | 1,093 |
| EBIT 1 | 384.9 | 413.2 | 492.7 | 578.2 | 654 | 690.7 | 689.3 | 751.4 |
| Operating Margin | 7.04% | 6.87% | 7.86% | 7.55% | 7.4% | 7.72% | 7.55% | 7.79% |
| Earnings before Tax (EBT) 1 | 297 | 312.5 | 380.3 | 509.4 | 567.8 | 598.3 | 615.6 | 700.8 |
| Net income 1 | 202.1 | 229 | 286 | 392.5 | 388 | 421 | 436.6 | 493.5 |
| Net margin | 3.7% | 3.81% | 4.56% | 5.13% | 4.39% | 4.71% | 4.78% | 5.11% |
| EPS 2 | 0.3600 | 0.4000 | 0.4400 | 0.6100 | 0.6000 | 0.6467 | 0.6495 | 0.7355 |
| Free Cash Flow 1 | 155.3 | 517.6 | 302 | 37.55 | 690 | 633.9 | 586.6 | 661.9 |
| FCF margin | 2.84% | 8.61% | 4.82% | 0.49% | 7.81% | 7.09% | 6.43% | 6.86% |
| FCF Conversion (EBITDA) | 30.27% | 79.68% | 41.95% | 4.48% | 70.77% | 62.93% | 57.61% | 60.54% |
| FCF Conversion (Net income) | 76.83% | 226.04% | 105.6% | 9.57% | 177.84% | 150.56% | 134.36% | 134.13% |
| Dividend per Share 2 | 0.2025 | 0.1200 | 0.1800 | 0.2250 | 0.2500 | 0.2526 | 0.2669 | 0.2967 |
| Announcement Date | 8/28/19 | 8/26/20 | 8/24/21 | 8/23/22 | 8/22/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2020 S1 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,963 | - | 3,197 | - | - | 4,437 | 4,403 | 4,537 | 4,526 | - | - |
| EBITDA 1 | 312.7 | - | 370.6 | - | - | 495 | 479.6 | 526.1 | 476 | - | - |
| EBIT 1 | 206 | - | 256.2 | - | - | 325.4 | 328.7 | 367.1 | 323.5 | - | - |
| Operating Margin | 6.95% | - | 8.01% | - | - | 7.33% | 7.47% | 8.09% | 7.15% | - | - |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 288.1 | - | - | 262 | - | - |
| Net income 1 | - | - | 163 | 157.1 | - | 185.9 | 201.7 | 223.6 | 192 | - | - |
| Net margin | - | - | 5.1% | - | - | 4.19% | 4.58% | 4.93% | 4.24% | - | - |
| EPS 2 | - | 0.1900 | 0.2500 | 0.2430 | 0.3670 | 0.2880 | 0.3120 | 0.3460 | 0.2835 | 0.3200 | 0.3200 |
| Dividend per Share 2 | 0.0600 | - | 0.1200 | - | - | 0.0800 | 0.1700 | 0.0800 | 0.1550 | - | - |
| Announcement Date | 2/27/20 | 2/25/21 | 8/24/21 | 2/24/22 | 8/23/22 | 2/21/23 | 8/22/23 | 2/26/24 | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,469 | 1,476 | 507 | 870 | 725 | 448 | 213 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 42 |
| Leverage (Debt/EBITDA) | 2.864 x | 2.272 x | 0.7037 x | 1.037 x | 0.7436 x | 0.445 x | 0.209 x | - |
| Free Cash Flow 1 | 155 | 518 | 302 | 37.6 | 690 | 634 | 587 | 662 |
| ROE (net income / shareholders' equity) | 11.4% | 9.66% | 10.1% | 12.6% | 11.2% | 11.2% | 10.8% | 11.3% |
| ROA (Net income/ Total Assets) | 6.52% | 4.23% | 4.58% | 6.17% | 5.73% | 6.1% | 6.08% | 6.84% |
| Assets 1 | 3,101 | 5,409 | 6,245 | 6,363 | 6,773 | 6,907 | 7,180 | 7,219 |
| Book Value Per Share 2 | 3.550 | 4.260 | 4.470 | 5.140 | 5.610 | 5.870 | 6.230 | 6.740 |
| Cash Flow per Share 2 | 0.4500 | 1.050 | 0.5700 | 1.010 | 1.190 | 1.000 | 1.050 | 1.190 |
| Capex 1 | 99.2 | 83.3 | 69.6 | 184 | 177 | 244 | 247 | 273 |
| Capex / Sales | 1.82% | 1.39% | 1.11% | 2.41% | 2% | 2.73% | 2.71% | 2.83% |
| Announcement Date | 8/28/19 | 8/26/20 | 8/24/21 | 8/23/22 | 8/22/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
SELL
Number of Analysts
11
Last Close Price
27.53
AUD
Average target price
20.09
AUD
Spread / Average Target
-27.02%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +22.96% | 11.6B | |
| +10.49% | 43.15B | |
| +7.78% | 5.52B | |
| +41.64% | 1.86B | |
| -0.32% | 978M | |
| +19.20% | 754M | |
| +36.38% | 714M | |
| -6.27% | 495M | |
| -19.16% | 389M | |
| -2.68% | 350M |
- Stock Market
- Equities
- REH Stock
- Financials Reece Limited
