REA Group Limited (REA)
Views and News
Essentials
Recent News Highlights
As at 31/12/2012 : see details at www.rea-group.com (new window? Shift+Click)
| 21/06/2013 Joins the S&P/ASX 200 Index |
| 21/03/2013 Joins the S&P/ASX 300 Index |
| 24/12/2012 Releases Q1 Financial Information |
| 14/11/2012 AGM 2012, Chairman's Address and CEO`s Presentation |
| 12/10/2012 Annual Report 2012 |
| 16/08/2012 Announces Robust Full-year Results; FY12 Report & Presentation |
| 23/07/2012 National Marketing Alliance with News Ltd |
| 03/05/2012 Appoints Nigel Dalton as CIO |
| 15/12/2011 Increases stake in Italian casa.it to 100% (from 69.4%, for $9.2m) |
| 16/11/2011 AGM - Chairman's Address and CEO`s Presentation |
| 15/11/2012 Investor Briefing - Nielsen Metrics Overview |
Half-yearly Performance & Estimates - REA
| Year-end June | FY11A | 1H12A | FY12A | 1H13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 238.5 | 134.7 | 277.7 | 161.5 | 336.5 | 404.0 | 466.0 |
| EBITDA, $m | 102.8 | 59.6 | 126.0 | 77.3 | 164.0 | 205.6 | 247.6 |
| EBIT, $m | 92.3 | 52.4 | 110.8 | 68.3 | 145.3 | 184.8 | 225.6 |
| Report NPAT, $m | 67.6 | 41.3 | 86.8 | 51.6 | 109.8 | ||
| Adj. NPAT, $m | 109.8 | 139.2 | 170.0 | ||||
| Reported EPS, ¢ | 53.00 | 32.00 | 66.00 | 39.00 | 83.00 | ||
| Adjusted EPS, ¢ | 83.00 | 105.65 | 128.95 | ||||
| EPS %FY/Growth | 48% | 25% | 47% | 26% | 27% | 22% | |
| Dividend, ¢ | 26.0 | 12.5 | 33.0 | 16.0 | 41.5 | 53.00 | 64.10 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 43% | 0 | 45% | 48% | 49% | 50.9% | 53.1% |
| NPAT Margin | 29% | 0 | 31% | 32% | 33% | 34.5% | 36.5% |
| ROE, % | 36% | 0 | 35% | 19 | 35% | ||
| EBIT/Interest | -18.2 | 0.0 | -14.5 | -15.21 | -15.71 | ||
| Net Debt / Equity | -0.70 | 0 | -0.72 | -0.76 | -0.82 | ||
| CashFlow/Sh, ¢ | 59.1 | 31.2 | 73.7 | 47.1 | 110.2 | 121.2 | 142.9 |
| Y/E Shares, m | 130.5 | 131.8 | 131.8 | 131.8 | 131.8 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Half-year Performance & Estimates - REA
| Year-end June | 1H11A | FY11A | 1H12A | FY12A | 1H13A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 114.4 | 238.5 | 134.7 | 277.7 | 161.5 | 330.0 | 378.0 |
| EBITDA, $m | 47.9 | 102.8 | 59.6 | 126.0 | 77.3 | 159.0 | 187.0 |
| EBIT, $m | 43.5 | 92.3 | 52.4 | 110.8 | 68.3 | 140.2 | 167.6 |
| Report NPAT, $m | 31.3 | 67.6 | 41.3 | 86.8 | 51.6 | ||
| Adj. NPAT, $m | 51.6 | 106.5 | 127.0 | ||||
| Reported EPS, ¢ | 25.00 | 53.00 | 32.00 | 66.00 | 39.00 | ||
| Adjusted EPS, ¢ | 39.00 | 81.00 | 96.00 | ||||
| EPS %FY/Growth | 47% | 48% | 25% | 22% | 23% | 19% | |
| Dividend, ¢ | 10.0 | 26.0 | 12.5 | 33.0 | 16.0 | 40.00 | 47.90 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 40% | 43% | 0 | 45% | 48% | 48.2% | 49.5% |
| NPAT Margin | 26% | 29% | 0 | 31% | 32% | 32.3% | 33.6% |
| ROE, % | 38% | 36% | 0 | 35% | 19% | ||
| EBIT/Interest | -66.6 | -18.2 | 0.0 | -14.5 | -15.21 | ||
| Net Debt / Equity | -0.64 | -0.70 | 0 | -0.72 | -0.76 | ||
| CashFlow/Sh, ¢ | 25.2 | 59.1 | 31.2 | 73.7 | 47.1 | 95.2 | 107.9 |
| Y/E Shares, m | 129.7 | 130.5 | 131.8 | 131.8 | 131.8 |
| Notes |
| EPS Growth compared with the pcp is shown in most columns, except 1H10A and 1H11A which show the first half % of full year EPS. |
Half-yearly Performance & Estimates - REA
| Year-end June | FY10A | 1H11A | FY11A | 1H12A | FY12A | FY13E | FY14E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 194.4 | 114.4 | 238.5 | 134.7 | 277.7 | 316.0 | 350.0 |
| EBITDA, $m | 78.0 | 47.9 | 102.8 | 59.6 | 126.0 | 147.9 | 169.8 |
| EBIT, $m | 70.9 | 43.5 | 92.3 | 52.4 | 110.8 | 131.1 | 148.6 |
| Report NPAT, $m | 50.7 | 31.3 | 67.6 | 41.3 | 86.8 | ||
| Adj. NPAT, $m | 86.8 | 100.7 | 113.8 | ||||
| Reported EPS, ¢ | 40.00 | 25.00 | 53.00 | 32.00 | 66.00 | ||
| Adjusted EPS, ¢ | 66.00 | 75.60 | 86.40 | ||||
| EPS %FY/Growth | 47% | 33% | 48% | 25% | 15% | 14% | |
| Dividend, ¢ | 16.0 | 10.0 | 26.0 | 12.5 | 33.0 | 39.00 | 46.00 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 40% | 40% | 43% | 44.2% | 45% | 46.8% | 48.5% |
| NPAT Margin | 26% | 26% | 29% | 30.7% | 31% | 31.9% | 32.5% |
| ROE, % | 38% | 38% | 36% | 35% | |||
| EBIT/Interest | -66.6 | -66.6 | -18.2 | 0.00 | -14.48 | ||
| Net Debt / Equity | -0.64 | -0.64 | -0.70 | 0 | -0.72 | ||
| CashFlow/Sh, ¢ | 47.6 | 25.2 | 59.1 | 31.2 | 73.7 | 87.9 | 98.5 |
| Y/E Shares, m | 128.5 | 129.7 | 130.5 | 131.8 | 131.8 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns, except 1H11A and 1H12A which show the first half % of full year EPS. In a handful of cases, unadjusted share splits may give strange changes in ratios. |
Company Overview
Wave Chart
Profile
REA Group
Rating: ♥
Category: Best Stock ; Large
Action:
Website: www.rea-group.com
| ASX code: | REA |
| Closing Price, 30/12/2013: | $ 37.510 |
| Market Capitalisation: | $ 5,5 million |
| 52 Week High: | $ 42.98 |
| 52 Week Low: | $ 17.65 |
| Sector: | Advertising |
| Index: | S&P/ASX 300 Index |
Summary of Fundamentals
| Year-end June | FY12A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 86.8 | 109.8 | 141.9 | 173.2 |
| Reported EPS, ¢ | 66.00 | 83.00 | ||
| Adjusted EPS, ¢ | 83.30 | 108.00 | 131.50 | |
| EPS Growth, % | 25% | 26% | 30% | 22% |
| P/E Ratio, x | 56.83 | 45.03 | 34.73 | 28.52 |
| Dividend, ¢ | 33.0 | 41.5 | 55.00 | 66.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 0.88 | 1.11 | 1.47 | 1.76 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 30 December 2013
Other Highlights
| Sector: | Advertising |
| Return on Equity, FY13 : | 35% |
| Net Debt to Equity, FY13 : | -82 % |
| EBIT / Interest Cover, FY13 : | -15.71 x |
| Gicscode: | 25401010 |
| First Listed: | 1-Dec-99 |
Business Activities
REA Group Ltd (REA) is one of the leading online real estate advertisers. It offers classified and display advertising, web development and home loan services.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |