REECE LIMITED (REH)
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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: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$14.73

03 Feb
2026

0.080

OPEN

$14.89

0.55%

HIGH

$14.89

357,733

LOW

$14.57

TARGET
$13.025 -11.6% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 49.2 44.2 xxx
DPS (cps) xxx 18.4 17.5 xxx
EPS Growth xxx - 24.2% - 10.3% xxx
DPS Growth xxx - 28.7% - 4.7% xxx
PE Ratio xxx N/A 32.8 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 37.3% 39.6% xxx

Dividend yield today if purchased 3 years ago: 1.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.27

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: 07/10 - ex-div 11.90c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 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

0.2

No. Of Recommendations

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

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

24/11/2025

3

Upgrade to Hold from Trim

$11.25

-23.63%

Reece's AGM update showed 1Q26 sales ahead of expectations from a bigger branch network in A&NZ and the US, but margins remained under pressure from higher costs, Morgans remarks. Management expects soft conditions to persist in the near term.

The broker lifted FY26-28 sales forecasts 7% but EBIT forecasts rose just 1%. The forecasts factor in the impact of the recent off-market share buyback of $365m.

Rating upgraded to Hold from Trim. Target rises to $11.25 from $11.10, with the broker seeing the stock as fully valued at 24.2x FY26 PE.

FORECAST
Morgans forecasts a full year FY26 dividend of 17.00 cents and EPS of 44.00 cents.
Morgans forecasts a full year FY27 dividend of 19.00 cents and EPS of 49.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Jarden

27/01/2026

3

Neutral

$11.90

-19.21%

Reece is expected to deliver a largely in-line 1H26 result, with trading conditions remaining mixed, Jarden argues.

Margins in A&NZ remain the key focus following the reset in 2H25, with consensus assuming the prior half marked the trough, a view broadly shared by the analyst.

EPS forecasts are lowered for FY26, while later years are largely unchanged.

Neutral retained. Target slips to $11.90 from $12.30.

FORECAST
Jarden forecasts a full year FY26 dividend of 16.40 cents and EPS of 42.80 cents.
Jarden forecasts a full year FY27 dividend of 20.20 cents and EPS of 51.40 cents.
Access Extra Coverage Research History >

REH STOCK CHART

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