SEEK LIMITED (SEK)
Share Price Analysis and Chart

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SEK - SEEK LIMITED

FNArena Sector : Jobs & Skilled Labour Services
Year End: June
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 3.11
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

$21.78

03 Oct
2023

-0.380

OPEN

$21.73

-1.71%

HIGH

$21.89

1,633,180

LOW

$21.59

TARGET
$26.22 20.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
APM . LVH . MIL . PPE . SIO . XF1 .
FNARENA'S MARKET CONSENSUS FORECASTS
SEK: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 288.4 63.6 xxx
DPS (cps) xxx 47.0 43.8 xxx
EPS Growth xxx 100.0% - 77.9% xxx
DPS Growth xxx 6.8% - 6.8% xxx
PE Ratio xxx N/A 33.6 xxx
Dividend Yield xxx N/A 2.0% xxx
Div Pay Ratio(%) xxx 16.3% 68.8% xxx

Dividend yield today if purchased 3 years ago: 2.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.20

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: 06/09 - ex-div 23c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx288.4
DPS All xxxxxxxxxxxxxxx47.0
Sales/Revenue xxxxxxxxxxxxxxx1,225.3 M
Book Value Per Share xxxxxxxxxxxxxxx759.6
Net Operating Cash Flow xxxxxxxxxxxxxxx365.7 M
Net Profit Margin xxxxxxxxxxxxxxx16.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx9.04 %
Return on Invested Capital xxxxxxxxxxxxxxx5.40 %
Return on Assets xxxxxxxxxxxxxxx4.08 %
Return on Equity xxxxxxxxxxxxxxx9.04 %
Return on Total Capital xxxxxxxxxxxxxxx9.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx199.0 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 xxxxxxxxxxxxxxx20 M
Long Term Debt xxxxxxxxxxxxxxx1,483 M
Total Debt xxxxxxxxxxxxxxx1,503 M
Goodwill - Gross xxxxxxxxxxxxxxx1,444 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx252 M
Price To Book Value xxxxxxxxxxxxxxx2.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx189.4 M
Capex % of Sales xxxxxxxxxxxxxxx15.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx558 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx290 M
Research & Development xxxxxxxxxxxxxxx78 M
Investments - Total xxxxxxxxxxxxxxx2,620 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

0.5

No. Of Recommendations

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

Morgans

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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UBS

17/08/2023

3

Downgrade to Neutral from Buy

$26.50

21.67%

Seek's FY23 result fell a touch shy of consensus but the big disappointment was FY24 guidance.

UBS downgrades Seek to Neutral from Buy, spying few catalysts over the next year given management's FY24 guidance and its plans to reinvest to achieve its FY28 $2bn revenue target. Costs are guided to grow in the mid to high single digits.

The broker expects the company will maintain its high single digit compound annual growth rate in Australia but believes this is pretty much priced in.

EPS forecasts are cut -23% to account for higher depreciation and amortisation and associate losses from the growth fund.

Target price falls to $26.50 from $27.80.

FORECAST
UBS forecasts a full year FY24 dividend of 51.00 cents and EPS of 55.00 cents.
UBS forecasts a full year FY25 dividend of 58.00 cents and EPS of 69.00 cents.

Ord Minnett

xx/xx/xxxx

4

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

SEK STOCK CHART

FNArena News on SEK

1
Rudi’s View: To Sell Or Not To Sell?

10:00 AM - Rudi's View
2
ESG Focus: Strong Reporting Season For Circularity, Nature, Biodiversity and AI

Oct 02 2023 - ESG Focus
3
ESG Focus: The Little Big Things – 27-09-2023

Sep 27 2023 - ESG Focus
4
Rudi’s Comprehensive August 2023 Review

Sep 21 2023 - Feature Stories
5
Rudi’s View: Navigating The Post-August Complexities

Sep 20 2023 - Rudi's View

Latest Jobs & Skilled Labour Services News

1
PeopleIN Stays The Course

Jun 08 2023 - Small Caps
2
Seek(ing) Out Opportunity in Asia

Mar 30 2023 - Australia
3
PeopleIN Undervalued, Brokers Find

Feb 22 2023 - Small Caps
4
Seek’s Underrated Pricing Switch

Mar 17 2022 - Australia
5
Elmo Software: Progress And Accounting

Feb 17 2022 - Australia
6
Rocky Self-Funding Pathway For Elmo Software

Aug 10 2021 - Australia
7
The Evolving Recruitment Game

Jun 30 2021 - Weekly Reports
8
People Infrastructure Emerges With Growth

Mar 05 2021 - Small Caps
9
My Up Close And Personal View On ELMO Software

Aug 19 2020 - FYI
10
Seek Reassures Market Re Current Strategy

Aug 14 2020 - Australia