Financials Rightmove plc OTC Markets

Equities

RTMVY

US76657Y1010

Internet Services

Delayed OTC Markets Other stock markets 15:27:28 2024-05-14 EDT			5-day change	1st Jan Change
13.79 ^USD	+2.96%		-0.60%	-7.22%

05-13	UBS Reduces Rightmove PT, Maintains Buy Rating	MT
05-13	BAE Systems and Mondi cut to 'neutral'	AN

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	5,543	5,664	6,717	4,210	4,603	4,361	-	-
Enterprise Value (EV) ¹	5,519	5,580	6,680	4,180	4,603	4,334	4,331	4,324
P/E ratio	32.5 x	51.8 x	37.3 x	21.9 x	23.6 x	21 x	18.7 x	16.5 x
Yield	1.14%	0.69%	0.98%	1.66%	-	1.79%	2.01%	2.26%
Capitalization / Revenue	19.2 x	27.5 x	22 x	12.7 x	12.6 x	11.2 x	10.2 x	9.3 x
EV / Revenue	19.1 x	27.1 x	21.9 x	12.6 x	12.6 x	11.1 x	10.1 x	9.22 x
EV / EBITDA	24.7 x	39.4 x	28.4 x	16.7 x	17.1 x	15.6 x	14.3 x	13 x
EV / FCF	30 x	59.4 x	34.4 x	21.4 x	-	20.9 x	19.2 x	17.5 x
FCF Yield	3.33%	1.68%	2.91%	4.67%	-	4.78%	5.22%	5.71%
Price to Book	135 x	46.2 x	141 x	62.8 x	-	71.4 x	65.6 x	58.5 x
Nbr of stocks (in thousands)	874,919	870,305	844,844	823,252	799,603	796,109	-	-
Reference price ²	6.336	6.508	7.950	5.114	5.756	5.352	5.352	5.352
Announcement Date	20-02-28	21-02-26	22-02-25	23-03-03	24-03-01	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	289.3	205.7	304.9	332.6	364.3	391.1	428.1	468.9
EBITDA ¹	223.3	141.8	235.4	250	269.6	277.6	303.4	331.5
EBIT ¹	219.7	137.5	231	245.4	264.6	272.3	298.6	326.4
Operating Margin	75.94%	66.85%	75.75%	73.78%	72.62%	69.63%	69.74%	69.62%
Earnings before Tax (EBT) ¹	213.6	134.8	225.6	241.3	259.8	268.6	294.8	322.5
Net income ¹	173.1	109.8	183.1	195.7	199.2	201.6	220.2	240.5
Net margin	59.83%	53.36%	60.05%	58.83%	54.66%	51.55%	51.43%	51.29%
EPS ²	0.1949	0.1257	0.2130	0.2340	0.2440	0.2544	0.2867	0.3249
Free Cash Flow ¹	183.7	93.98	194.3	195.2	-	207.2	226.1	246.7
FCF margin	63.49%	45.69%	63.73%	58.7%	-	52.97%	52.81%	52.61%
FCF Conversion (EBITDA)	82.26%	66.28%	82.55%	78.1%	-	74.62%	74.5%	74.42%
FCF Conversion (Net income)	106.12%	85.61%	106.13%	99.78%	-	102.76%	102.68%	102.56%
Dividend per Share ²	0.0720	0.0450	0.0780	0.0850	-	0.0960	0.1075	0.1212
Announcement Date	20-02-28	21-02-26	22-02-25	23-03-03	24-03-01	-	-	-

¹GBP in Million²GBP

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2019 S2	2020 S1	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2
Net sales ¹	145.4	94.82	110.9	149.9	155	162.7	170	179.5	184.9	191.7	199.7
EBITDA	-	-	-	-	-	124.7	-	135.7	-	-	-
EBIT	-	-	-	117.1	-	122.4	123	133.2	131.4	-	-
Operating Margin	-	-	-	78.12%	-	75.27%	72.35%	74.21%	71.08%	-	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-	-	-
Net income	-	-	-	-	-	-	-	-	-	-	-
Net margin	-	-	-	-	-	-	-	-	-	-	-
EPS ²	-	-	-	-	-	-	-	-	0.1230	0.1293	0.1346
Dividend per Share	-	-	-	0.0300	-	0.0330	-	0.0360	-	-	-
Announcement Date	20-02-28	20-08-07	21-02-26	21-07-30	22-02-25	22-07-29	23-03-03	23-07-28	24-03-01	-	-

¹GBP in Million²GBP

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	24.1	84.4	37	30.6	-	27.5	29.8	37.3
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	184	94	194	195	-	207	226	247
ROE (net income / shareholders' equity)	642%	133%	189%	287%	-	341%	368%	386%
ROA (Net income/ Total Assets)	214%	84.9%	139%	190%	-	206%	238%	275%
Assets ¹	80.93	129.3	131.3	103.1	-	97.63	92.53	87.49
Book Value Per Share ²	0.0500	0.1400	0.0600	0.0800	-	0.0700	0.0800	0.0900
Cash Flow per Share ²	0.2100	0.1100	0.2300	0.2400	-	0.2700	0.3000	0.3500
Capex ¹	0.54	2.31	0.7	2.85	-	4.42	4.11	4.86
Capex / Sales	0.19%	1.12%	0.23%	0.86%	-	1.13%	0.96%	1.04%
Announcement Date	20-02-28	21-02-26	22-02-25	23-03-03	24-03-01	-	-	-

¹GBP in Million²GBP

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Rightmove plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5.352 GBP

Average target price

6.172 GBP

Spread / Average Target

+15.31%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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