REECE LIMITED (REH)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

REH - REECE LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.06
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$26.54

17 Apr
2024

0.020

OPEN

$26.63

0.08%

HIGH

$26.95

498,207

LOW

$26.36

TARGET
$21.367 -19.5% downside
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 FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 64.0 xxx
DPS (cps) xxx N/A 25.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 42.1 xxx
Dividend Yield xxx N/A 0.9% xxx
Div Pay Ratio(%) xxx N/A 39.1% xxx

Dividend yield today if purchased 3 years ago: 1.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.93

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: 27/03 - ex-div 8c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx60.0
DPS All xxxxxxxxxxxxxxx25.0
Sales/Revenue xxxxxxxxxxxxxxx8,839.6 M
Book Value Per Share xxxxxxxxxxxxxxx561.2
Net Operating Cash Flow xxxxxxxxxxxxxxx766.4 M
Net Profit Margin xxxxxxxxxxxxxxx4.38 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx11.16 %
Return on Invested Capital xxxxxxxxxxxxxxx7.34 %
Return on Assets xxxxxxxxxxxxxxx5.73 %
Return on Equity xxxxxxxxxxxxxxx11.16 %
Return on Total Capital xxxxxxxxxxxxxxx12.28 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx466.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx131 M
Long Term Debt xxxxxxxxxxxxxxx1,830 M
Total Debt xxxxxxxxxxxxxxx1,962 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx373 M
Price To Book Value xxxxxxxxxxxxxxx3.31

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx177.5 M
Capex % of Sales xxxxxxxxxxxxxxx2.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,333 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,843 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx25 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

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

28/02/2024

5

Underweight

$19.00

-28.41%

Despite "subdued" conditions, Reece still delivered a strong first half and a material beat of consensus, Morgan Stanley notes. However the positive share price response ignores a very clear message from management that conditions in Australia will deteriorate over the next 12 months.

Management flagged a softer second half demand environment in A&NZ. The broker notes that over the last 12 months backlogs have
helped support the residential construction market but sees these trends reversing in FY25 as the resi pipeline is exhausted.

Weak approvals data will begin to be reflected in activity, and Morgan Stanley expects to see demand for Reece products to progressively decline across 2024.

Target rises to $19 from $12, Underweight retained. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 29.00 cents and EPS of 64.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 28.00 cents and EPS of 67.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

5

xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

REH STOCK CHART