Rightmove (RMV)

Sector:

Real Estate

Index:

FTSE 100

540.40p
   
  • Change Today:
    -4.60p
  • 52 Week High: 594.80
  • 52 Week Low: 462.90
  • Currency: UK Pounds
  • Shares Issued: 794.15m
  • Volume: 4,714,847
  • Market Cap: £4,291.56m
  • RiskGrade: 130

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 1.6% 1.7% 1.0% 0.7% 0.4%
           
Continuing Operations          
PE Ratio - Adjusted 22.8 21.5 36.5 51.7 32.4
PE Ratio - Diluted 23.6
22.9		 21.9
21.5		 37.3
36.6		 51.7
51.8		 32.5
32.5
PEG - Adjusted 3.8 2.4 0.5 n/a 4.6
PEG - Diluted 5.9
3.8		 2.2
2.4		 0.5
0.5		 n/a
n/a		 3.3
4.6
Return on Capital Employed 462.77%
474.50%		 427.25%
434.46%		 3.74%
3.82%		 115.34%
115.34%		 604.12%
604.12%
Operating Margin 70.83%
72.62%		 72.56%
73.78%		 74.16%
75.75%		 65.69%
65.69%		 73.87%
73.87%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.8 21.5 3,612.8 51.7 32.4
PE Ratio - Diluted 23.6
22.9		 21.9
21.5		 3,697.6
3,626.9		 51.7
51.8		 32.5
32.5
PEG - Adjusted 3.8 0.0 n/a n/a 4.6
PEG - Diluted 5.9
3.8		 0.0
0.0		 n/a
n/a		 n/a
n/a		 3.3
4.6

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing (37.83%) (37.44%) (45.34%) (68.52%) (48.16%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value 98.5 92.7 138.2 56.1 289.0
Price/Tangible Book Value 98.5 92.7 138.2 56.1 289.0
Price/ Cash Flow 22.6 21.6 35.0 58.9 30.4
Price/Revenue 12.85 12.84 2,218.41 27.56 19.37
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 5.84p 5.52p 5.75p 11.60p 2.19p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 364.32 332.62 3.08 205.72 289.32
EBITDA 263.02
269.55		 244.85
248.92		 2.33
2.38		 139.41
139.41		 213.73
213.73
Depreciation (4.98)
(4.98)		 (3.50)
(3.50)		 (0.04)
(0.04)		 (4.27)
(4.27)		 n/a
n/a
Net Interest 1.74
1.74		 (0.06)
(0.06)		 n/a
n/a		 (0.33)
(0.33)		 (0.17)
(0.17)
Profit Before Tax 259.77
266.31		 241.28
245.35		 2.28
2.33		 134.82
134.82		 213.56
213.56
           
Revenue per Share 44.79p 39.82p 0.36p 23.61p 32.72p
Pre-Tax Profit per Share 31.94p
32.74p		 28.89p
29.37p		 0.27p
0.27p		 15.47p
15.47p		 24.15p
24.15p
Market Capitalisation £ (Millions) 4,682.22 4,282.47 6,834.44 5,768.61 5,648.01
Enterprise Value (EV) £ (Millions) 4,683.64 4,286.54 6,840.33 5,755.97 5,655.65
EBITDA/EV 5.62%
5.76%		 5.71%
5.81%		 0.03%
0.03%		 2.42%
2.42%		 3.78%
3.78%
Operating Margin 70.83%
72.62%		 72.56%
73.78%		 74.16%
75.75%		 65.69%
65.69%		 73.87%
73.87%
Capital Employed £ (Millions) 55.76 56.49 60.98 117.17 35.38
Return on Capital Employed 462.77%
474.50%		 427.25%
434.46%		 3.74%
3.82%		 115.34%
115.34%		 604.12%
604.12%
Invested Equity Capital £ (Millions) 70.20 68.99 71.12 126.97 45.13
           
Earnings per Share - Basic 24.50p
25.16p		 23.40p
23.79p		 21.30p
21.75p		 12.60p
12.60p		 19.57p
19.57p
Earnings per Share - Diluted 24.40p
25.10p		 23.40p
23.73p		 21.30p
21.72p		 12.60p
12.56p		 19.49p
19.49p
Earnings per Share - Adjusted 25.20p 23.80p 21.80p 12.60p 19.57p
Earnings per Share Growth - Basic 5%
6%		 10%
9%		 69%
73%		 -36%
-36%		 10%
7%
Earnings per Share Growth - Diluted 4%
6%		 10%
9%		 69%
73%		 -35%
-36%		 10%
7%
Earnings per Share Growth - Adjusted 6% 9% 73% -36% 7%
PE Ratio - Diluted 23.6
22.9		 21.9
21.5		 37.3
36.6		 51.7
51.8		 32.5
32.5
PEG - Diluted 5.9
3.8		 2.2
2.4		 0.5
0.5		 n/a
n/a		 3.3
4.6
Tax Rate 23.34% 18.90% 18.86% 18.57% 18.95%
Dividend Cover 2.71
2.71		 2.80
2.80		 2.79
2.79		 2.80
2.80		 6.99
6.99
Interest Cover 530.06
543.37		 546.89
556.09		 480.08
490.41		 283.04
283.04		 440.43
440.43
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 24.50p
25.16p		 23.40p
23.79p		 0.21p
0.22p		 12.60p
12.60p		 19.57p
19.57p
Earnings per Share - Diluted 24.40p
25.10p		 23.40p
23.73p		 0.21p
0.22p		 12.60p
12.56p		 19.49p
19.49p
Earnings per Share - Adjusted 25.20p 23.80p 0.22p 12.60p 19.57p
Earnings per Share Growth - Basic 5%
6%		 10,784%
10,736%		 -98%
-98%		 -36%
-36%		 10%
7%
Earnings per Share Growth - Diluted 4%
6%		 10,784%
10,726%		 -98%
-98%		 -35%
-36%		 10%
7%
Earnings per Share Growth - Adjusted 6% 10,716% -98% -36% 7%
PE Ratio - Diluted 23.6
22.9		 21.9
21.5		 3,697.6
3,626.9		 51.7
51.8		 32.5
32.5
PEG - Diluted 5.9
3.8		 0.0
0.0		 n/a
n/a		 n/a
n/a		 3.3
4.6
Dividend Cover 2.71
2.71		 2.80
2.80		 0.03
0.03		 2.80
2.80		 6.99
6.99
Return on Equity (ROE) 283.70%
291.58%		 283.63%
288.08%		 2.60%
2.65%		 86.46%
86.46%		 383.58%
383.58%
Operating Cash Flow per Share 25.41p 23.71p 22.71p 11.05p 20.83p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.18p) (0.94p) (0.063p) 7.41p 1.84p
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 9.30p 8.50p 7.80p 4.50p 2.80p
Dividend per Share Growth 9.41% 8.97% 73.33% 60.71% (56.92%)
Dividend Yield 1.6% 1.7% 1.0% 0.7% 0.4%
Shareholders Funds 69.36 68.16 70.53 123.14 41.34
Net Borrowings £ (Millions) (26.24) (25.52) (31.98) (84.38) (19.91)
Net Asset Value per Share (inc. Intangibles) 5.84p 5.52p 5.75p 11.60p 2.19p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 69.36 68.16 70.53 123.14 41.34
Net Borrowings £ (Millions) (26.24) (25.52) (31.98) (84.38) (19.91)
Net Gearing (37.83%) (37.44%) (45.34%) (68.52%) (48.16%)
Cash & Near Cash 33.64 35.09 42.99 96.69 32.12
Cash 48.50% 51.48% 60.94% 78.52% 77.69%
Gross Borrowings 7.40 9.57 11.01 12.31 12.21
Gross Gearing 10.67% 14.04% 15.61% 10.00% 29.53%
Borrowings Under 5 years 7.40 9.57 11.01 12.31 12.21
Under 5 years 10.67% 14.04% 15.61% 10.00% 29.53%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles 47.51 46.09 49.39 101.03 19.39
Net Borrowings £ (Millions) (26.24) (25.52) (31.98) (84.38) (19.91)
Net Gearing (55.22%) (55.37%) (64.74%) (83.52%) n/a
Cash & Near Cash 33.64 35.09 42.99 96.69 32.12
Cash 70.80% 76.13% 87.03% 95.70% 165.67%
Gross Borrowings 7.40 9.57 11.01 12.31 12.21
Gross Gearing 15.58% 20.76% 22.29% 12.18% 62.97%
Borrowings Under 5 years 7.40 9.57 11.01 12.31 12.21
Under 5 years 15.58% 20.76% 22.29% 12.18% 62.97%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 2.41 2.66 2.62 5.25 1.43

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

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