SEEK LIMITED (SEK)
Share Price Analysis and Chart

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SEK - SEEK LIMITED

FNArena Sector : Jobs & Skilled Labour Services
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 3.11
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS | ALL-TECH

Seek Ltd is an online employment agency matching jobseekers with employment opportunities in several countries. It also provides training and higher education courses. Seek became a listed company in 2005 and is market leader in Australia. It owns Zhaopin in China.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$20.89

22 Jul
2024

-0.390

OPEN

$21.02

-1.83%

HIGH

$21.13

972,079

LOW

$20.89

TARGET
$27.46 31.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
APM . LVH . PPE . SIO . XF1 .
FNARENA'S MARKET CONSENSUS FORECASTS
SEK: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 288.4 57.0 xxx
DPS (cps) xxx 47.0 38.8 xxx
EPS Growth xxx 100.0% - 80.2% xxx
DPS Growth xxx 6.8% - 17.6% xxx
PE Ratio xxx N/A 36.3 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx 16.3% 68.0% xxx

Dividend yield today if purchased 3 years ago: 1.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.27

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 19/03 - ex-div 19c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx288.4
DPS All xxxxxxxxxxxxxxx47.0
Sales/Revenue xxxxxxxxxxxxxxx1,225.3 M
Book Value Per Share xxxxxxxxxxxxxxx759.6
Net Operating Cash Flow xxxxxxxxxxxxxxx365.7 M
Net Profit Margin xxxxxxxxxxxxxxx16.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.04 %
Return on Invested Capital xxxxxxxxxxxxxxx5.40 %
Return on Assets xxxxxxxxxxxxxxx4.08 %
Return on Equity xxxxxxxxxxxxxxx9.04 %
Return on Total Capital xxxxxxxxxxxxxxx9.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx199.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx20 M
Long Term Debt xxxxxxxxxxxxxxx1,483 M
Total Debt xxxxxxxxxxxxxxx1,503 M
Goodwill - Gross xxxxxxxxxxxxxxx1,444 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx252 M
Price To Book Value xxxxxxxxxxxxxxx2.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx189.4 M
Capex % of Sales xxxxxxxxxxxxxxx15.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx558 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx290 M
Research & Development xxxxxxxxxxxxxxx78 M
Investments - Total xxxxxxxxxxxxxxx2,620 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

16/07/2024

1

Add

$26.70

27.81%

Morgans reviews its coverage and forecasts for Tech, Media, Telco and Gaming into the August reporting season.

The top picks are Next DC, TechnologyOne, Airtasker, Camplify Holdings, Superloop, and Light & Wonder.

Morgans is neutral rated on the media sector and forecasts year-on-year revenue growth of 19%, EBITDA growth of 37% and EPS growth of 22%.

With job ad volumes remaining subdued, Morgans adjusts EPS forecasts for Seek by -4.6% for FY24 and -11.7% for FY25.

Add rating unchanged and the target price is lowered by -3.6% to $26.70.

FORECAST
Morgans forecasts a full year FY24 dividend of 39.00 cents and EPS of 58.40 cents.
Morgans forecasts a full year FY25 dividend of 50.00 cents and EPS of 70.70 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

29/02/2024

5

Sell

$23.50

12.49%

After reviewing 1H results for the classifieds market segment on the ASX, Goldman Sachs notes management at CAR Group and REA Group are accelerating growth investment.

The broker points out these two companies have the strongest 2024 revenue outlook, by contrast to Domain Holdings Australia and Seek where opex guidance is unchanged and lowered, respectively.

Goldman considers Seek the most cyclical and leveraged of the classifieds platform operators, and notes volume headwinds for the company across the APAC region. The Sell rating and $23.50 target are maintained.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 38.00 cents and EPS of 63.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 53.00 cents and EPS of 78.00 cents.
Access Stockbroker Research History >

SEK STOCK CHART

FNArena News on SEK

1
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Jul 11 2024 - Rudi's View
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