REECE LIMITED (REH)
Share Price Analysis and Chart

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REH

REH - REECE LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 1.83
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$13.90

07 Aug
2025

0.070

OPEN

$13.79

0.51%

HIGH

$14.15

1,490,034

LOW

$13.79

TARGET
$15.763 13.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ADH . BLX . GWA . HVN . JBH . JYC . NCK . TPW .
FNARENA'S MARKET CONSENSUS FORECASTS
REH: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 64.9 50.9 xxx
DPS (cps) xxx 25.8 18.3 xxx
EPS Growth xxx 8.1% - 21.5% xxx
DPS Growth xxx 3.0% - 28.9% xxx
PE Ratio xxx N/A 27.8 xxx
Dividend Yield xxx N/A 1.3% xxx
Div Pay Ratio(%) xxx 39.7% 36.0% xxx

Dividend yield today if purchased 3 years ago: 1.71%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.82

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: 08/10 - ex-div 17.75c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx64.9
DPS All xxxxxxxxxxxxxxx25.8
Sales/Revenue xxxxxxxxxxxxxxx9,104.8 M
Book Value Per Share xxxxxxxxxxxxxxx601.3
Net Operating Cash Flow xxxxxxxxxxxxxxx750.9 M
Net Profit Margin xxxxxxxxxxxxxxx4.60 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx11.16 %
Return on Invested Capital xxxxxxxxxxxxxxx7.60 %
Return on Assets xxxxxxxxxxxxxxx5.98 %
Return on Equity xxxxxxxxxxxxxxx11.16 %
Return on Total Capital xxxxxxxxxxxxxxx11.93 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx353.1 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx136 M
Long Term Debt xxxxxxxxxxxxxxx1,696 M
Total Debt xxxxxxxxxxxxxxx1,832 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx341 M
Price To Book Value xxxxxxxxxxxxxxx4.19

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx258.0 M
Capex % of Sales xxxxxxxxxxxxxxx2.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,499 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,931 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx23 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

-0.2

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

30/06/2025

1

Upgrade to Buy from Accumulate

$18.40

32.37%

Ord Minnett lowers its target for Reece by -$2.00 to $18.40 but upgrades to Buy from Accumulate, expecting returns to improve as the company moves through a cyclical low.

The broker notes FY25 earnings (EBIT) guidance of $548–$558m (midpoint: $553m) is -5% below its forecast and -6% under consensus, reflecting ongoing weakness in both A&NZ and US construction markets.

In A&NZ, volumes remain soft and interest rate cuts have yet to spur activity, while in the US, Reece's exposure to residential construction and heightened competition continue to weigh on performance, explains the broker.

Despite the downturn, the analysts highlight Reece is continuing to invest through the cycle, positioning the company well for a rebound in building activity.

A modest recovery is expected in A&NZ in FY26, with a more significant improvement anticipated in FY27. 

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 18.50 cents and EPS of 49.80 cents.
Ord Minnett forecasts a full year FY26 dividend of 22.50 cents and EPS of 54.70 cents.

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

REH STOCK CHART

FNArena News on REH

1
Rudi’s View: Consumer Stocks, Insurers, Telcos & More

Jul 31 2025 - Rudi's View
2
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Jul 17, 2025

Jul 17 2025 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 04-07-25

Jul 07 2025 - Weekly Reports
5
Rudi’s View: Charter Hall, Droneshield, Pinnacle, WiseTech & More

Jul 03 2025 - Rudi's View

Latest Furniture & Renovation News

1
Reece Battling Tariffs, Competition & Cost Crises

Jul 01 2025 - Australia
2
New Broom Clearing The Decks For Adairs

Jun 25 2025 - Small Caps
3
Nick Scali’s Margin & UK Opportunity Excites

Feb 21 2025 - Small Caps
4
Temple & Webster Embraces The Future

Feb 20 2025 - Small Caps
5
Nick Scali’s Transitory Freight Headwind

Oct 24 2024 - Small Caps
6
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
7
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
8
Nick Scali Worth Watching

Dec 20 2022 - Technicals
9
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest
10
Temple & Webster Outperforming Peers

Feb 11 2022 - Australia