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Reece Ltd

Industrials AU REH

22.99AUD
-0.43(1.84%)

Last update at 2024-12-19T05:11:00Z

Day Range

22.4823.24
LowHigh

52 Week Range

21.1229.19
LowHigh

Fundamentals

  • Previous Close 23.42
  • Market Cap15555.29M
  • Volume753359
  • P/E Ratio37.05
  • Dividend Yield1.06%
  • EBITDA828.66M
  • Revenue TTM9104.77M
  • Revenue Per Share TTM14.10
  • Gross Profit TTM 2506.71M
  • Diluted EPS TTM0.65

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax 567.84M 509.40M 380.28M 312.50M 297.02M
Minority interest - - - - -
Net income 387.61M 392.49M 285.60M 229.00M 229.00M
Selling general administrative 1845.40M 871.04M 735.66M 699.16M 635.59M
Selling and marketing expenses 1845.40M 1592.12M 1592.12M - -
Gross profit 2506.71M 2138.96M 1761.53M 1671.21M 1537.36M
Reconciled depreciation 289.90M 258.23M 227.55M 232.45M 128.07M
Ebit 646.91M 550.37M 474.60M 401.33M 380.33M
Ebitda 936.82M 808.60M 702.14M 633.77M 508.40M
Depreciation and amortization 289.90M 258.23M 227.55M 232.45M 128.07M
Non operating income net other - - - - -
Operating income 678.51M 572.05M 484.57M 410.02M 380.33M
Other operating expenses 4480.25M 3953.88M 3218.32M 3088.34M 5086.92M
Interest expense 54.66M 47.11M 95.16M 89.54M 83.30M
Tax provision 180.23M 116.91M 94.69M 83.51M 94.92M
Interest income 86.27M 6.04M 112.29M 98.11M 57.71M
Net interest income -86.26500M -68.80300M -109.70500M -89.53800M -57.71200M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 180.23M 116.91M 94.69M 83.51M 94.92M
Total revenue 8839.57M 7654.05M 6270.71M 6009.88M 5463.79M
Total operating expenses 2135.31M 1850.35M 1279.89M 1261.84M 1160.49M
Cost of revenue 6332.86M 5515.08M 4509.18M 4338.67M 3926.43M
Total other income expense net -7.20800M 31.36M 8.35M -1.26700M -83.30400M
Discontinued operations - - - - -
Net income from continuing ops 387.61M 392.49M 285.60M 229.00M 202.10M
Net income applicable to common shares 387.61M 392.49M 285.60M 229.00M 202.10M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 7094.87M 6924.29M 6607.57M 6118.07M 6343.89M
Intangible assets 460.85M 497.40M 429.10M 418.39M 495.23M
Earning assets - - - - -
Other current assets 31.51M 28.92M 29.76M 19.85M 15.88M
Total liab 3210.73M 3298.86M 3286.70M 3229.96M 3594.00M
Total stockholder equity 3884.14M 3625.42M 3320.87M 2888.11M 2749.89M
Deferred long term liab - - - - -
Other current liab 467.76M 1.51M 1.45M 41.47M 45.43M
Common stock 1246.92M 1246.92M 1246.92M 1246.92M 1246.92M
Capital stock 1246.92M 1246.92M 1246.92M 1246.92M 1246.92M
Retained earnings 2443.89M 2186.21M 1947.18M 1680.66M 1472.58M
Other liab - 47.43M 42.36M 67.83M 111.28M
Good will 1522.37M 1523.49M 1477.24M 1362.24M 1475.71M
Other assets 0.00000M 72.61M 63.87M 53.67M 49.81M
Cash 341.38M 372.71M 220.48M 828.97M 1004.71M
Cash and equivalents - 372.35M 220.15M 828.64M 1004.38M
Total current liabilities 1479.01M 1421.03M 1460.06M 1258.83M 1075.45M
Current deferred revenue 0.56M 502.17M 485.99M 416.65M 338.14M
Net debt 1490.88M 1589.06M 1682.44M 1176.90M 1476.19M
Short term debt 135.85M 131.36M 118.64M 112.38M 99.95M
Short long term debt - - - 16.44M 18.01M
Short long term debt total 1832.26M 1961.77M 1902.93M 2005.87M 2480.90M
Other stockholder equity - -3433.18100M -3194.15100M -2927.63000M -2719.55300M
Property plant equipment - 1586.30M 1492.92M 1257.15M 1345.34M
Total current assets 3207.03M 3219.06M 3123.12M 3012.15M 2903.85M
Long term investments 22.98M 25.42M 21.33M 14.47M -
Net tangible assets - 1604.54M 1414.53M 1107.48M 778.94M
Short term investments - - - - -
Net receivables 1337.79M 1312.54M 1344.46M 1025.22M 915.75M
Long term debt 859.32M 1097.49M 1090.09M 1319.17M 1747.22M
Inventory 1496.35M 1504.89M 1528.41M 1138.12M 967.51M
Accounts payable 874.85M 785.99M 853.97M 688.33M 591.93M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 193.34M 192.29M 126.77M -39.47000M 30.38M
Additional paid in capital - - - - -
Common stock total equity - - - - 1246.92M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -0.00000M - - - -1.71800M
Deferred long term asset charges - - - - -
Non current assets total 3887.84M 3705.23M 3484.46M 3105.92M 3440.04M
Capital lease obligations 972.94M 864.28M 812.84M 670.25M 715.67M
Long term debt total - 1830.41M 1784.28M 1893.49M 2380.95M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments -309.52300M -280.98100M -67.92000M -279.50300M -2095.58800M
Change to liabilities -91.09800M 133.44M 192.63M 66.77M -5.26500M
Total cashflows from investing activities -309.52300M -280.98100M -67.92000M -279.50300M -2095.58800M
Net borrowings -153.26100M -448.69600M -384.61100M 27.78M 1540.63M
Total cash from financing activities -307.11600M -574.66200M -462.12900M 556.28M 1427.06M
Change to operating activities 6.63M 14.46M 5.75M 5.75M 5.75M
Net income 387.61M 392.49M 285.60M 229.00M 202.10M
Change in cash 152.22M -608.48300M -175.74200M 877.00M -412.18400M
Begin period cash flow 220.48M 828.97M 1004.71M 127.71M 539.89M
End period cash flow 372.71M 220.48M 828.97M 1004.71M 127.71M
Total cash from operating activities 766.38M 221.79M 351.92M 600.96M 254.47M
Issuance of capital stock - - - 642.07M -
Depreciation 281.83M 255.98M 227.55M 232.45M 128.07M
Other cashflows from investing activities -132.04500M -80.87500M 4.72M -168.73900M -1991.06000M
Dividends paid 148.58M 125.97M 77.52M 113.57M 113.57M
Change to inventory 86.15M -319.09100M -206.29100M 22.57M -59.82900M
Change to account receivables 48.60M -256.09400M -165.02100M 1.02M -17.04100M
Sale purchase of stock -5.27800M - 0.00000M 281.43M -642.06900M
Other cashflows from financing activities -128.53900M 969.69M -108.24600M -95.50300M 1771.57M
Change to netincome 30.73M -170.70100M 39.59M 17.74M 8.04M
Capital expenditures 177.48M 200.11M 72.64M 110.76M 104.53M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 134.75M -575.18500M -371.31200M 23.59M 1.64M
Stock based compensation 3.19M 1.58M 0.62M 0.19M -
Other non cash items 96.94M -426.68500M -161.22500M 139.51M -330.17200M
Free cash flow 588.90M 21.68M 279.28M 490.20M 149.94M

Peer Comparison

Sector: Industrials Industry: Industrial Distribution

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
REH
Reece Ltd		 -0.43 1.84% 22.99 37.05 35.46 1.71 4.04 1.89 17.47
CYG
Coventry Group Ltd		 - -% 1.20 125.00 - 0.40 1.08 0.75 11.86
SGI
Stealth Group Holdings Ltd		 -0.02 4.30% 0.45 47.50 - 0.49 2.70 0.71 13.72
SRH
Saferoads Holdings Ltd		 - -% 0.04 - - 0.14 0.38 0.50 8.07

Reports Covered

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Profile

Reece Limited engages in the distribution of plumbing, bathroom, heating, ventilation, air-conditioning, waterworks, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1919 and is based in Cremorne, Australia.

Reece Ltd

57 Balmain Street, Cremorne, VIC, Australia, 3121

Key Executives

Name Title Year Born
Mr. Peter J. Wilson CEO, MD & Exec. Director 1968
Mr. Andrew Cowlishaw Group Chief Financial Officer NA
Mr. Leslie Alan Wilson Exec. Director 1941
Sasha Nikolic Chief Exec. Officer of United States NA
Mr. Marius Vermeulen CEO of Australia & New Zealand NA
Mr. Claude A. Swanson Hornsby III Exec. Chair of United States 1956
Ms. Chantelle Duffy Company Sec. NA
Mr. Peter J. Wilson B.Comm (Melb), FAIM CEO, MD & Deputy Executive Chair 1968
Mr. Leslie Alan Wilson Executive Director 1941
Mr. Sasha Nikolic Chief Executive Officer of United States NA

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