REECE LIMITED (REH)
Share Price Analysis and Chart

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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

$18.63

22 Sep
2023

0.070

OPEN

$18.24

0.38%

HIGH

$18.61

619,653

LOW

$18.22

TARGET
$14.62 -21.5% 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 60.0 53.7 xxx
DPS (cps) xxx 25.0 22.6 xxx
EPS Growth xxx - 1.2% - 10.5% xxx
DPS Growth xxx 11.1% - 9.4% xxx
PE Ratio xxx N/A 34.7 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 41.6% 42.2% xxx

Dividend yield today if purchased 3 years ago: 1.93%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.34

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: 21/03 - ex-div 8c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 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

-0.9

No. Of Recommendations

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

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

24/08/2023

4

Downgrade to Lighten from Hold

$16.50

-11.43%

FY23 results from Reece were slightly below Ord Minnett's forecasts at the net profit line, attributed to a slowing construction market. Demand moderated in the second half and with higher interest charges led to a -9.2% decline in second half net profit.

The broker reduces FY24 and FY25 estimates for earnings by -14.2% and -13.6%, respectively. Amid elevated valuation multiples, Ord Minnett downgrades to Lighten from Hold while raising the target to $16.50 from $15.50.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 26.00 cents and EPS of 58.30 cents.
Ord Minnett forecasts a full year FY25 dividend of 27.50 cents and EPS of 64.80 cents.

Morgans

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxx xxxx xxxx

$xx.xx

xx.xx%

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

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
Access Stockbroker Research History >

REH STOCK CHART

FNArena News on REH

1
Weekly Ratings, Targets, Forecast Changes – 25-08-23

Aug 28 2023 - Weekly Reports
2
FNArena Corporate Results Monitor – 24-08-2023

Aug 24 2023 - Australia
3
Rudi’s View: Awaiting The August Verdict

Aug 02 2023 - Rudi's View
4
Treasure Chest: A Different Housing Cycle

Jul 19 2023 - Treasure Chest
5
Weekly Ratings, Targets, Forecast Changes – 24-02-23

Feb 27 2023 - Weekly Reports

Latest Furniture & Renovation News

1
Temple & Webster Spends Up For A Bigger Share

Aug 18 2023 - Small Caps
2
Too Harsh On Temple & Webster?

Feb 15 2023 - Australia
3
Nick Scali Worth Watching

Dec 20 2022 - Technicals
4
Treasure Chest: Temple & Webster

Nov 23 2022 - Treasure Chest
5
Temple & Webster Outperforming Peers

Feb 11 2022 - Australia
6
Nick Scali Settles On Plush Sofas

Oct 06 2021 - Small Caps
7
Re-Rating In View As Beacon Lighting Expands

Aug 23 2021 - Small Caps
8
Satisfied Customers Boost Temple & Webster

Jul 28 2021 - Small Caps
9
Temple & Webster Sets The Scene Online

Mar 16 2021 - Australia
10
Nick Scali Seated Comfortably For 2021

Feb 09 2021 - Small Caps