SEEK LIMITED (SEK)
Share Price Analysis and Chart

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SEK - SEEK LIMITED

Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 3.41
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

$24.97

07 Oct
2024

0.030

OPEN

$24.89

0.12%

HIGH

$25.00

335,261

LOW

$24.51

TARGET
$26.08 4.4% 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 FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx - 28.3 39.9 xxx
DPS (cps) xxx 35.0 36.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 25.5% 3.9% xxx
PE Ratio xxx N/A 62.7 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx N/A 91.1% xxx

Dividend yield today if purchased 3 years ago: 1.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.40

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: 04/09 - ex-div 16c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-28.3
DPS All xxxxxxxxxxxxxxx35.0
Sales/Revenue xxxxxxxxxxxxxxx1,084.1 M
Book Value Per Share xxxxxxxxxxxxxxx728.5
Net Operating Cash Flow xxxxxxxxxxxxxxx328.8 M
Net Profit Margin xxxxxxxxxxxxxxx-5.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-2.28 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.47 %
Return on Assets xxxxxxxxxxxxxxx-1.20 %
Return on Equity xxxxxxxxxxxxxxx-2.28 %
Return on Total Capital xxxxxxxxxxxxxxx6.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx166.6 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 xxxxxxxxxxxxxxx20 M
Long Term Debt xxxxxxxxxxxxxxx1,389 M
Total Debt xxxxxxxxxxxxxxx1,409 M
Goodwill - Gross xxxxxxxxxxxxxxx1,064 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx230 M
Price To Book Value xxxxxxxxxxxxxxx2.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx169.0 M
Capex % of Sales xxxxxxxxxxxxxxx15.59 %
Cost of Goods Sold xxxxxxxxxxxxxxx542 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx257 M
Research & Development xxxxxxxxxxxxxxx85 M
Investments - Total xxxxxxxxxxxxxxx2,323 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

1.0

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

20/08/2024

1

Overweight

$28.00

12.13%

After further contemplation of Seek's FY24 result (where FY25 guidance disappointed) Morgan Stanley believes current weakness is cyclical (not structural) and the current share price (which has fallen by -25% in 2024) represents an opportunity.

Following discussions with industry contacts, the broker suggests lower interest rates will provide a potential positive catalyst for a recovery in hiring activity and Job Listings.

Pricing power also remains, note the analysts. Morgan Stanley forecasts yield increases of 10% in each year over the FY25-27 period.

Overweight retained. Target falls to $28 from $31. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 47.10 cents and EPS of 41.70 cents.
Morgan Stanley forecasts a full year FY26 dividend of 59.00 cents and EPS of 66.00 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$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

19/08/2024

5

Sell

$19.50

-21.91%

Not only did FY24 earnings and profit for Seek miss prior forecasts made by Goldman Sachs by -3% and -9%, respectively, but also FY25 guidance disappointed after underperformance in Asia.

The broker notes structural concerns in Singapore/Philippines due to share shifts towards free portals given the challenging environment. These shifts resulted in a small decline in Asia placement share for Seek and a more cautious yield outlook than expected.

In Australia, the reverse was true as placement share improved strongly in the 2H, highlight the analysts.

The target falls to $19.50 from $20.60. Sell.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 42.00 cents and EPS of 53.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 57.00 cents and EPS of 70.00 cents.

SEK STOCK CHART