Financials Rightmove plc

Equities

RMV

GB00BGDT3G23

Internet Services

Market Closed - London S.E. 16:35:04 26/04/2024 BST 5-day change 1st Jan Change
514.6 GBX +1.94% Intraday chart for Rightmove plc +1.14% -10.60%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,543 5,664 6,717 4,210 4,603 4,097 - -
Enterprise Value (EV) 1 5,519 5,580 6,680 4,180 4,603 4,070 4,068 4,058
P/E ratio 32.5 x 51.8 x 37.3 x 21.9 x 23.6 x 20.2 x 18 x 15.6 x
Yield 1.14% 0.69% 0.98% 1.66% - 1.86% 2.08% 2.39%
Capitalization / Revenue 19.2 x 27.5 x 22 x 12.7 x 12.6 x 10.5 x 9.55 x 8.66 x
EV / Revenue 19.1 x 27.1 x 21.9 x 12.6 x 12.6 x 10.4 x 9.49 x 8.58 x
EV / EBITDA 24.7 x 39.4 x 28.4 x 16.7 x 17.1 x 14.7 x 13.4 x 12.1 x
EV / FCF 30 x 59.4 x 34.4 x 21.4 x - 19.6 x 18 x 16.3 x
FCF Yield 3.33% 1.68% 2.91% 4.67% - 5.09% 5.55% 6.12%
Price to Book 135 x 46.2 x 141 x 62.8 x - 68.6 x 60.6 x 52.7 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 5.146 5.146 5.146
Announcement Date 28/02/20 26/02/21 25/02/22 03/03/23 01/03/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 289.3 205.7 304.9 332.6 364.3 391.4 428.8 473
EBITDA 1 223.3 141.8 235.4 250 269.6 277.5 303.5 334.7
EBIT 1 219.7 137.5 231 245.4 264.6 272.9 298.5 329.4
Operating Margin 75.94% 66.85% 75.75% 73.78% 72.62% 69.73% 69.6% 69.65%
Earnings before Tax (EBT) 1 213.6 134.8 225.6 241.3 259.8 269.3 296 326.1
Net income 1 173.1 109.8 183.1 195.7 199.2 201.9 220.5 244.3
Net margin 59.83% 53.36% 60.05% 58.83% 54.66% 51.6% 51.42% 51.66%
EPS 2 0.1949 0.1257 0.2130 0.2340 0.2440 0.2545 0.2862 0.3308
Free Cash Flow 1 183.7 93.98 194.3 195.2 - 207.3 225.7 248.5
FCF margin 63.49% 45.69% 63.73% 58.7% - 52.96% 52.63% 52.55%
FCF Conversion (EBITDA) 82.26% 66.28% 82.55% 78.1% - 74.69% 74.36% 74.25%
FCF Conversion (Net income) 106.12% 85.61% 106.13% 99.78% - 102.65% 102.36% 101.72%
Dividend per Share 2 0.0720 0.0450 0.0780 0.0850 - 0.0956 0.1073 0.1229
Announcement Date 28/02/20 26/02/21 25/02/22 03/03/23 01/03/24 - - -
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 1 - - - 117.1 - 122.4 123 133.2 131.4 135.7 139.4
Operating Margin - - - 78.12% - 75.27% 72.35% 74.21% 71.08% 70.77% 69.79%
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 28/02/20 07/08/20 26/02/21 30/07/21 25/02/22 29/07/22 03/03/23 28/07/23 01/03/24 - -
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 - 26.7 29 38.4
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 184 94 194 195 - 207 226 249
ROE (net income / shareholders' equity) 642% 133% 189% 287% - 325% 372% 390%
ROA (Net income/ Total Assets) 214% 84.9% 139% 190% - 206% 238% 275%
Assets 1 80.93 129.3 131.3 103.1 - 97.8 92.67 88.87
Book Value Per Share 2 0.0500 0.1400 0.0600 0.0800 - 0.0700 0.0800 0.1000
Cash Flow per Share 2 0.2100 0.1100 0.2300 0.2400 - 0.2700 0.3000 0.3400
Capex 1 0.54 2.31 0.7 2.85 - 4.48 4.15 5.41
Capex / Sales 0.19% 1.12% 0.23% 0.86% - 1.15% 0.97% 1.14%
Announcement Date 28/02/20 26/02/21 25/02/22 03/03/23 01/03/24 - - -
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

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
5.146 GBP
Average target price
6.183 GBP
Spread / Average Target
+20.15%
Consensus
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