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: 2.2
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.86

28 Aug
2025

-0.040

OPEN

$10.88

-0.37%

HIGH

$11.02

3,451,289

LOW

$10.71

TARGET
$12.05 11.0% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 49.2 43.9 xxx
DPS (cps) xxx 18.4 16.9 xxx
EPS Growth xxx - 24.2% - 10.7% xxx
DPS Growth xxx - 28.7% - 7.9% xxx
PE Ratio xxx N/A 25.1 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 37.3% 38.5% xxx

Dividend yield today if purchased 3 years ago: 1.16%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.69

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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx49.2
DPS All xxxxxxxxxxxxxxx18.4
Sales/Revenue xxxxxxxxxxxxxxx8,978.4 M
Book Value Per Share xxxxxxxxxxxxxxx626.2
Net Operating Cash Flow xxxxxxxxxxxxxxx599.8 M
Net Profit Margin xxxxxxxxxxxxxxx3.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.99 %
Return on Invested Capital xxxxxxxxxxxxxxx5.54 %
Return on Assets xxxxxxxxxxxxxxx4.37 %
Return on Equity xxxxxxxxxxxxxxx7.99 %
Return on Total Capital xxxxxxxxxxxxxxx9.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx201.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx149 M
Long Term Debt xxxxxxxxxxxxxxx1,822 M
Total Debt xxxxxxxxxxxxxxx1,971 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx275 M
Price To Book Value xxxxxxxxxxxxxxx2.29

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx258.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.88 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,420 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,013 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx20 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

-0.1

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

4

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

26/08/2025

3

Neutral

$10.10

-7.00%

Reece reported FY25 results at the low end of the earnings guidance range. The competitive landscape in not just the US but also A&NZ is resulting in cost and price pressures that look unlikely to abate soon, Macquarie notes.

Accordingly, it will take a convincing market recovery and some business model adjustment to counter, the evidence of which could take some time to come to the fore.

Branch growth was strong in the year, Macquarie acknowledges, but moderated materially in the second half. The balance sheet remains in good shape, even though net debt was $120m higher than estimated due to inventory increases.

Target falls to $10.10 from $14.90, Underperform retained.

FORECAST
Macquarie forecasts a full year FY26 dividend of 18.50 cents and EPS of 44.60 cents.
Macquarie forecasts a full year FY27 dividend of 21.50 cents and EPS of 56.90 cents.

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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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
FNArena Corporate Results Monitor – 26-08-2025

Aug 26 2025 - Australia
2
Rudi’s View: Consumer Stocks, Insurers, Telcos & More

Jul 31 2025 - Rudi's View
3
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Jul 17, 2025

Jul 17 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 04-07-25

Jul 07 2025 - Weekly Reports

Latest Furniture & Renovation News

1
Strong Momentum Underpins Nick Scali’s FY26

Aug 12 2025 - Australia
2
Reece Battling Tariffs, Competition & Cost Crises

Jul 01 2025 - Australia
3
New Broom Clearing The Decks For Adairs

Jun 25 2025 - Small Caps
4
Nick Scali’s Margin & UK Opportunity Excites

Feb 21 2025 - Small Caps
5
Temple & Webster Embraces The Future

Feb 20 2025 - Small Caps
6
Nick Scali’s Transitory Freight Headwind

Oct 24 2024 - Small Caps
7
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
8
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
9
Nick Scali Worth Watching

Dec 20 2022 - Technicals
10
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest