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REH · ASX

Reece Limited (ASX:REH)

AU$27.37

 0.67 (2.509%)
ASX:Live
12/09/2024 04:10:49 PM
Short Term Trend - Long HALO Small HALO Ords HALO 200 GROWTH AUS +3
Consensus Score
/10
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REH Overview

REH Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Neutral

Halo Model

MQV

Very Strong

GARP

Very Strong

MQV Small

Very Strong

Valuation

Value

Consensus

Momentum

Price

Weak

Earnings

Very Strong

Growth

Earnings

Very Strong

Dividends

Neutral

Quality

Capital Efficiency

Neutral

Balance Sheet

Strong

About REH

Website

Reece Limited

Telephone

61.3.9274.0000

Address

57 Balmain Street Cremorne, Victoria (VIC) 3121

Description

Reece Ltd. engages in supplying plumbing, bathroom, heating, ventilation, air-conditioning, waterworks and refrigeration products to customers in the trade, retail and commercial markets. The firm operates through the following geographical segments: Australia and New Zealand, and United States. The company was founded in 1920 and is headquartered in Cremorne, Australia.

REH Price Chart

Key Stats

Market Cap

AU$17.40B

PE

41.70

EV/EBITDA

18.1

Dividends Overview

DIV Yield

1.0%

Franking

100%

Ex Dividend Date (est.)

08-Oct-24

Market Data

52 weeks range

Low 17.1 - 29.33

Trade Value (12mth)

AU$2,714,391.00

1 week

0.45%

1 month

2.3%

YTD

18.98%

1 year

40.45%

All time high

29.33

Key Fundamentals

EPS 3 yr Growth

46.80%

EBITDA Margin

11.00%

Operating Cashflow

$751m

Free Cash Flow Return

13.60%

ROIC

7.60%

Interest Coverage

9.60

Quick Ratio

1.20

Other Data

Shares on Issue (Fully Dilluted)

646m

HALO Sector

Discretionary

Next Company Report Date

26-Aug-25

Ex Dividend Date (est.)

08-Oct-24

Next Dividend Pay Date (est.)

23-Oct-24

Reporting Currency

AUD

Short Sell (% of issue)

1.12

REH Announcements

Latest Announcements

Date Announcements

22 August 24

FY24 Annual Report

×

FY24 Annual Report

22 August 24

FY24 Corporate Governance Statement

×

FY24 Corporate Governance Statement

22 August 24

FY24 Appendix 4G

×

FY24 Appendix 4G

19 August 24

Preliminary Final Report

×

Preliminary Final Report

19 August 24

FY24 Results Announcement

×

FY24 Results Announcement

19 August 24

FY24 Investor Presentation

×

FY24 Investor Presentation

19 August 24

Dividend/Distribution - REH

×

Dividend/Distribution - REH

19 August 24

Director Appointment/Resignation

×

Director Appointment/Resignation

01 July 24

Initial Director's Interest Notice - S.Nikolic

×

Initial Director's Interest Notice - S.Nikolic

12 June 24

FY24 Results Notification and Webcast Details

×

FY24 Results Notification and Webcast Details

01 May 24

Leadership Update

×

Leadership Update

17 April 24

Change of Director's Interest Notice K.Penrose

×

Change of Director's Interest Notice K.Penrose

15 April 24

Notification of cessation of securities - REH

×

Notification of cessation of securities - REH

27 February 24

Half Yearly Report and Accounts

×

Half Yearly Report and Accounts

27 February 24

HY24 Results Announcement

×

HY24 Results Announcement

27 February 24

HY24 Investor Presentation

×

HY24 Investor Presentation

27 February 24

Dividend/Distribution - REH

×

Dividend/Distribution - REH

08 February 24

Appendix 3G and Appendix 3H

×

Appendix 3G and Appendix 3H

08 February 24

Notification regarding unquoted securities - REH

×

Notification regarding unquoted securities - REH

08 February 24

Notification of cessation of securities - REH

×

Notification of cessation of securities - REH

01 February 24

HY24 Results Notification and Webcast Details

×

HY24 Results Notification and Webcast Details

18 December 23

Director Appointment/Resignation

×

Director Appointment/Resignation

18 December 23

Initial Director's Interest Notice

×

Initial Director's Interest Notice

18 December 23

FY23 Sustainability Report

×

FY23 Sustainability Report

27 November 23

Change of Director's Interest Notice

×

Change of Director's Interest Notice

27 October 23

Change of Director's Interest Notice

×

Change of Director's Interest Notice

REH Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.61 0.60 0.65 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.61 0.60 0.65 Lock Lock Lock
     Growth % Lock Lock Lock Lock 37.4 -1.2 8.1 Lock Lock Lock
     PE X Lock Lock Lock Lock 28.4 33.7 41.7 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 13.6 15.2 18.1 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.97 1.10 1.16 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -0.14 0.72 0.55 Lock Lock Lock
     Growth % Lock Lock Lock Lock 18.7 12.5 5.4 Lock Lock Lock
     Yield % Lock Lock Lock Lock -1.0 3.9 2.2 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.22 0.25 0.26 Lock Lock Lock
     Growth % Lock Lock Lock Lock 25.0 11.1 3.0 Lock Lock Lock
     Yield % Lock Lock Lock Lock 1.4 1.1 1.0 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 37 42 40 Lock Lock Lock
BPS $ Lock Lock Lock Lock 5.14 5.61 6.01 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 2.19 2.48 2.94 Lock Lock Lock
     Growth % Lock Lock Lock Lock 27.7 13.4 18.5 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 646 646 646 Lock Lock Lock
Basic m Lock Lock Lock Lock 646 646 646 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 7,654 8,840 9,105 Lock Lock Lock
     Growth % Lock Lock Lock Lock 22.1 15.5 3.0 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 1,590 1,843 1,931 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 2,139 2,507 2,606 Lock Lock Lock
     Growth % Lock Lock Lock Lock 167.9 17.2 3.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 27.9 28.4 28.6 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 72 72 71 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 807 954 1,000 Lock Lock Lock
     Growth % Lock Lock Lock Lock 13.7 18.2 4.8 Lock Lock Lock
     Margin % Lock Lock Lock Lock 10.5 10.8 11.0 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 258 290 325 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 549 664 674 Lock Lock Lock
     Growth % Lock Lock Lock Lock 13.9 20.9 1.6 Lock Lock Lock
     Margin % Lock Lock Lock Lock 7.2 7.5 7.4 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 509 568 590 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 117 180 170 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 392 388 419 Lock Lock Lock
     Growth % Lock Lock Lock Lock 37.4 -1.2 8.1 Lock Lock Lock
     Margin % Lock Lock Lock Lock 5.1 4.4 4.6 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock 222 766 751 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 200 177 258 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -281 -310 -244 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock -575 -307 -539 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock 38 615 515 Lock Lock Lock
     Growth % Lock Lock Lock Lock -87.6 1,536.9 -16.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 0.0 0.1 0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 751 841 909 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 220 373 341 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 6,608 6,924 7,095 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 1,784 1,830 1,696 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 1,682 1,589 1,491 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 3,287 3,299 3,211 Lock Lock Lock
Equity $m Lock Lock Lock Lock 3,321 3,625 3,884 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 5,105 5,456 5,581 Lock Lock Lock
     Growth % Lock Lock Lock Lock 6.8 6.9 2.3 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 5.9 5.6 5.9 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 11.8 10.7 10.8 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 10.9 12.3 11.9 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 7.9 7.3 7.6 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock 4.5 14.5 13.6 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 11.8 11.1 9.6 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 2.1 1.7 1.5 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 50.7 43.8 38.4 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 2.1 2.3 2.2 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 1.1 1.2 1.2 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock 7.1 11.6 10.6 Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock 15.2 53.9 50.8 Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 6.5 6.7 6.9 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 4.1 4.2 4.3 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 4.6 4.9 5.3 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 11.2 8.9 9.6 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 1.2 1.3 1.3 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 1.2 1.3 1.3 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 6.7 6.4 6.5 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 7.7 8.2 8.3 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 23.0 31.7 28.9 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 5.9 5.6 5.9 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 2.0 1.9 1.8 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 11.8 10.7 10.8 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 63.0 58.4 60.3 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 7.4 6.2 6.5 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 88.2 87.4 84.3 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 56.5 54.9 53.1 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 144.7 142.3 137.4 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 47.7 47.4 46.7 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 97.1 94.8 90.7 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

08-Oct-24

DIV Yield

1.0%

Franking Level

100%

DPSg

3.00%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

1.12%

Value ($M)

190

Prior Change

N/A

7 Day Change

N/A

1 Month Change

0.10%

3 Month Change

0.20%

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REH Shortsell

Frequently Asked Questions

The current share price of Reece Limited (REH:ASX) is AU$27.37.
The 52-week high share price for Reece Limited (REH:ASX) is AU$29.33.
The 52-week low share price for Reece Limited (REH:ASX)? is AU$17.10.
The current TTM dividend payout for Reece Limited (REH:ASX) is 1.00.
The last dividend payment of Reece Limited (REH:ASX) is AU$0.08.
Reece Limited (REH:ASX) has a franking level of 100.0%.
Reece Limited (REH:ASX) is classified in the Discretionary.
The current P/E ratio for Reece Limited (REH:ASX) is 41.70.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.