REA GROUP LIMITED (REA)
Share Price Analysis and Chart

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REA - REA GROUP LIMITED

FNArena Sector : Real Estate
Year End: June
GICS Industry Group : Media
Debt/EBITDA: 0.35
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS | ALL-TECH

REA Group is a global online real estate advertising company. The company was founded in 1995 and listed on the ASX with the help of News Ltd in 1999. The latter is still the largest shareholder with a circa 60% equity stake. REA Group is the domestic number one and runs similar assets in the US and countries in Asia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$227.89

01 Nov
2024

0.970

OPEN

$224.00

0.43%

HIGH

$227.89

124,851

LOW

$224.00

TARGET
$234.429 2.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
APZ . DGH . DHG . HMC . PXA . RMY . UBN .
FNARENA'S MARKET CONSENSUS FORECASTS
REA: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 229.3 431.5 xxx
DPS (cps) xxx 189.0 238.2 xxx
EPS Growth xxx - 15.0% 88.2% xxx
DPS Growth xxx 19.6% 26.0% xxx
PE Ratio xxx N/A 52.8 xxx
Dividend Yield xxx N/A 1.0% xxx
Div Pay Ratio(%) xxx 82.4% 55.2% xxx

Dividend yield today if purchased 3 years ago: 1.15%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.83

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: 29/08 - ex-div 102.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx229.3
DPS All xxxxxxxxxxxxxxx189.0
Sales/Revenue xxxxxxxxxxxxxxx1,677.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,165.4
Net Operating Cash Flow xxxxxxxxxxxxxxx589.4 M
Net Profit Margin xxxxxxxxxxxxxxx18.06 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx20.15 %
Return on Invested Capital xxxxxxxxxxxxxxx16.50 %
Return on Assets xxxxxxxxxxxxxxx11.37 %
Return on Equity xxxxxxxxxxxxxxx20.15 %
Return on Total Capital xxxxxxxxxxxxxxx36.41 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx360.6 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 xxxxxxxxxxxxxxx9 M
Long Term Debt xxxxxxxxxxxxxxx272 M
Total Debt xxxxxxxxxxxxxxx281 M
Goodwill - Gross xxxxxxxxxxxxxxx922 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx204 M
Price To Book Value xxxxxxxxxxxxxxx16.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx125.0 M
Capex % of Sales xxxxxxxxxxxxxxx7.45 %
Cost of Goods Sold xxxxxxxxxxxxxxx879 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx110 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx474 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

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

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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Bell Potter

10/10/2024

1

Buy

$239.00

4.88%

National new listings have experienced the highest monthly volume for a September since 2015 with a 7% year-on-year increase last month.

At the REA Group AGM yesterday, Bell Potter reports management outlined ongoing strength in underlying conditions to start FY25.

The broker highlights the company's core Australian market is currently returning over 30% on invested capital. Forecasts are left unchanged, but more favourable assumptions for both multiples and WACC result in a $239 target, up from $226. Buy.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 242.20 cents and EPS of 432.50 cents.
Bell Potter forecasts a full year FY26 dividend of 289.90 cents and EPS of 517.80 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

23/10/2024

5

Sell

$177.00

-22.33%

Jarden raises target prices for the four online classified stocks under the broker's research coverage after updating forecasts for recent listing volumes data and to reflect the analysts' lower risk-free rate assumptions.

The broker's target for REA Group rises to $177 from $170. The company is benefiting from ongoing strength in the Melbourne and Sydney markets, highlight the analysts.

While the Sell rating is retained on valuation grounds, the broker highlights strong momentum in yield and 1Q listing volumes.

FORECAST
Jarden forecasts a full year FY25 dividend of 228.40 cents and EPS of 431.30 cents.
Jarden forecasts a full year FY26 dividend of 259.30 cents and EPS of 488.50 cents.
Access Extra Coverage Research History >

REA STOCK CHART

FNArena News on REA

1
Rudi’s View: US Earnings & The Election

Oct 31 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Oct 30, 2024

Oct 30 2024 - Daily Market Reports
3
Rudi’s View: Earnings, Best Ideas & Favourite Stock Picks

Oct 24 2024 - Rudi's View
4
Australian Broker Call *Extra* Edition – Oct 23, 2024

Oct 23 2024 - Daily Market Reports
5
Rudi’s View: China Scepsis, Energy Preferences & The US Election

Oct 10 2024 - Rudi's View

Latest Real Estate News

1
REA Group: A Tale Of Two Cities

Aug 19 2024 - Australia
2
Weak Listings Not Insurmountable For REA Group

Feb 14 2023 - Australia
3
REA Group Heading Higher

Aug 16 2022 - Technicals
4
ESG Focus: Will Your Property Be Uninsurable By 2030?

May 05 2022 - ESG Focus
5
Can REA Group Stay The FY22 Course?

Feb 07 2022 - Australia
6
Is Valuation The Issue Now For REA Group?

Nov 08 2021 - Australia
7
REA: Wait For Lower Entry Point

Aug 17 2021 - Technicals
8
REA Group: Upside Break?

May 04 2021 - Technicals
9
REA Group Instils Confidence, Valuation Not So

Feb 08 2021 - Australia
10
Australian Broker Call *Extra* Edition – Sep 16, 2020

Sep 16 2020 - Daily Market Reports