REECE LIMITED (REH)
Share Price Analysis and Chart

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REH

REH - REECE LIMITED

FNArena Sector : Furniture & Renovation
Year End: June
GICS Industry Group : Capital Goods
Debt/EBITDA: 2.2
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$11.27

02 Oct
2025

-0.050

OPEN

$11.28

-0.44%

HIGH

$11.52

971,245

LOW

$11.25

TARGET
$12.05 6.9% upside
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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 49.2 44.0 xxx
DPS (cps) xxx 18.4 16.9 xxx
EPS Growth xxx - 24.2% - 10.6% xxx
DPS Growth xxx - 28.7% - 7.9% xxx
PE Ratio xxx N/A 25.7 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 37.3% 38.5% xxx

Dividend yield today if purchased 3 years ago: 1.27%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.63

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: 08/10 - ex-div 17.75c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx49.2
DPS All xxxxxxxxxxxxxxx18.4
Sales/Revenue xxxxxxxxxxxxxxx8,978.4 M
Book Value Per Share xxxxxxxxxxxxxxx626.2
Net Operating Cash Flow xxxxxxxxxxxxxxx599.8 M
Net Profit Margin xxxxxxxxxxxxxxx3.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx7.99 %
Return on Invested Capital xxxxxxxxxxxxxxx5.54 %
Return on Assets xxxxxxxxxxxxxxx4.37 %
Return on Equity xxxxxxxxxxxxxxx7.99 %
Return on Total Capital xxxxxxxxxxxxxxx9.29 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx201.2 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx149 M
Long Term Debt xxxxxxxxxxxxxxx1,822 M
Total Debt xxxxxxxxxxxxxxx1,971 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx275 M
Price To Book Value xxxxxxxxxxxxxxx2.29

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx258.4 M
Capex % of Sales xxxxxxxxxxxxxxx2.88 %
Cost of Goods Sold xxxxxxxxxxxxxxx6,420 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,013 M
Research & Development xxxxxxxxxxxxxxx0 M
Investments - Total xxxxxxxxxxxxxxx20 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

-0.3

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

27/08/2025

3

Upgrade to Equal-weight from Underweight

$12.00

6.48%

Following a further review of Reece's FY25 results, Morgan Stanley lowers its target to $12 from $17 and upgrades to Equal-weight from Underweight as risk/reward is now more balanced. Industry view: In-Line. 

While near-term housing weakness persists, the broker notes the company's long-term growth outlook and value proposition remain attractive.

A summary of the broker’s preliminary views on results day is outlined below.

Reece reported FY25 earnings (EBIT) of $548m, -20% year-on-year and at the bottom end of its guided range of $548-558m, observes Morgan Stanley.

Revenue of $8.98bn was down -1% versus the prior year but 2% ahead of consensus, while EPS of 49c fell -25% and was -3% below the broker's forecast.

Earnings from A&NZ fell -17% to $339m and were -3% below the analysts' forecast, while US EBIT declined -23% to $209m but was slightly ahead of expectation.

Both regions continue to face soft housing markets, highlights the broker, with activity expected to remain subdued near term.

Management sees a slow recovery in housing, with affordability issues constraining the US market for the next 12 months.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 16.00 cents and EPS of 45.60 cents.
Morgan Stanley forecasts a full year FY27 dividend of 20.00 cents and EPS of 55.00 cents.

Morgans

xx/xx/xxxx

4

xxxxxxxxx xx xxxx xxxx xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

0

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
Access Extra Coverage Research History >

REH STOCK CHART

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