Rightmove (RMV)

Sector:

Real Estate

Index:

FTSE 100

568.60p
   
  • Change Today:
      7.80p
  • 52 Week High: 594.80
  • 52 Week Low: 462.90
  • Currency: UK Pounds
  • Shares Issued: 794.53m
  • Volume: 1,310,475
  • Market Cap: £4,517.72m
  • RiskGrade: 130

Key Financials

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 1.0
Dividend Yield 1.7% 1.0% 0.7% 0.4% 1.5%
           
Continuing Operations          
PE Ratio - Adjusted 21.5 36.5 51.7 32.4 23.6
PE Ratio - Diluted 21.9
21.5		 37.3
36.6		 51.7
51.8		 32.5
32.5		 24.4
23.7
PEG - Adjusted 2.4 0.5 n/a 4.6 n/a
PEG - Diluted 2.2
2.4		 0.5
0.5		 n/a
n/a		 3.3
4.6		 n/a
1.8
Return on Capital Employed 427.25%
434.85%		 3.74%
3.82%		 115.34%
115.34%		 604.12%
604.12%		 856.25%
876.68%
Operating Margin 72.56%
73.85%		 74.16%
75.75%		 65.69%
65.69%		 73.87%
73.87%		 74.15%
75.92%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 21.5 3,612.8 51.7 32.4 23.6
PE Ratio - Diluted 21.9
21.5		 3,697.6
3,626.9		 51.7
51.8		 32.5
32.5		 24.4
23.7
PEG - Adjusted 0.0 n/a n/a 4.6 n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 3.3
4.6		 n/a
0.1

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing (37.44%) (45.34%) (68.52%) (48.16%) (22.16%)

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value 92.7 138.2 56.1 289.0 401.2
Price/Tangible Book Value 92.7 138.2 56.1 289.0 401.2
Price/ Cash Flow 21.6 35.0 58.9 30.4 23.3
Price/Revenue 12.84 2,218.41 27.56 19.37 14.55
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 5.52p 5.75p 11.60p 2.19p 1.08p
Net Cash per Share n/a n/a n/a n/a n/a

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 332.62 3.08 205.72 289.32 267.82
EBITDA 245.93
250.22		 2.33
2.38		 139.41
139.41		 213.73
213.73		 202.44
207.18
Depreciation (4.59)
(4.59)		 (0.04)
(0.04)		 (4.27)
(4.27)		 n/a
n/a		 (3.85)
(3.85)
Net Interest (0.06)
(0.06)		 n/a
n/a		 (0.33)
(0.33)		 (0.17)
(0.17)		 (0.32)
(0.32)
Profit Before Tax 241.28
245.57		 2.28
2.33		 134.82
134.82		 213.56
213.56		 198.27
203.01
           
Revenue per Share 39.82p 0.36p 23.61p 32.72p 29.72p
Pre-Tax Profit per Share 28.89p
29.40p		 0.27p
0.27p		 15.47p
15.47p		 24.15p
24.15p		 22.00p
22.52p
Market Capitalisation £ (Millions) 4,282.47 6,834.44 5,768.61 5,648.01 3,859.44
Enterprise Value (EV) £ (Millions) 4,286.54 6,840.33 5,755.97 5,655.65 3,867.98
EBITDA/EV 5.74%
5.84%		 0.03%
0.03%		 2.42%
2.42%		 3.78%
3.78%		 5.23%
5.36%
Operating Margin 72.56%
73.85%		 74.16%
75.75%		 65.69%
65.69%		 73.87%
73.87%		 74.15%
75.92%
Capital Employed £ (Millions) 56.49 60.98 117.17 35.38 23.19
Return on Capital Employed 427.25%
434.85%		 3.74%
3.82%		 115.34%
115.34%		 604.12%
604.12%		 856.25%
876.68%
Invested Equity Capital £ (Millions) 68.99 71.12 126.97 45.13 13.01
           
Earnings per Share - Basic 23.40p
23.82p		 21.30p
21.75p		 12.60p
12.60p		 19.57p
19.57p		 17.80p
18.33p
Earnings per Share - Diluted 23.40p
23.76p		 21.30p
21.72p		 12.60p
12.56p		 19.49p
19.49p		 17.69p
18.22p
Earnings per Share - Adjusted 23.80p 21.80p 12.60p 19.57p 18.30p
Earnings per Share Growth - Basic 10%
10%		 69%
73%		 -36%
-36%		 10%
7%		 -89%
12%
Earnings per Share Growth - Diluted 10%
9%		 69%
73%		 -35%
-36%		 10%
7%		 -89%
13%
Earnings per Share Growth - Adjusted 9% 73% -36% 7% -89%
PE Ratio - Diluted 21.9
21.5		 37.3
36.6		 51.7
51.8		 32.5
32.5		 24.4
23.7
PEG - Diluted 2.2
2.4		 0.5
0.5		 n/a
n/a		 3.3
4.6		 n/a
1.8
Tax Rate 18.90% 18.86% 18.57% 18.95% 19.07%
Dividend Cover 2.80
2.80		 2.79
2.79		 2.80
2.80		 6.99
6.99		 2.82
2.82
Interest Cover 546.89
556.59		 480.08
490.41		 283.04
283.04		 440.43
440.43		 404.81
414.46
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 23.40p
23.82p		 0.21p
0.22p		 12.60p
12.60p		 19.57p
19.57p		 17.80p
18.33p
Earnings per Share - Diluted 23.40p
23.76p		 0.21p
0.22p		 12.60p
12.56p		 19.49p
19.49p		 17.69p
18.22p
Earnings per Share - Adjusted 23.80p 0.22p 12.60p 19.57p 18.30p
Earnings per Share Growth - Basic 10,784%
10,748%		 -98%
-98%		 -36%
-36%		 10%
7%		 -66%
237%
Earnings per Share Growth - Diluted 10,784%
10,738%		 -98%
-98%		 -35%
-36%		 10%
7%		 -66%
238%
Earnings per Share Growth - Adjusted 10,716% -98% -36% 7% -66%
PE Ratio - Diluted 21.9
21.5		 3,697.6
3,626.9		 51.7
51.8		 32.5
32.5		 24.4
23.7
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 3.3
4.6		 n/a
0.1
Dividend Cover 2.80
2.80		 0.03
0.03		 2.80
2.80		 6.99
6.99		 2.82
2.82
Return on Equity (ROE) 283.63%
288.40%		 2.60%
2.65%		 86.46%
86.46%		 383.58%
383.58%		 1,233.51%
1,269.94%
Operating Cash Flow per Share 23.71p 22.71p 11.05p 20.83p 18.58p
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (0.94p) (0.063p) 7.41p 1.84p (0.56p)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 8.50p 7.80p 4.50p 2.80p 6.50p
Dividend per Share Growth 8.97% 73.33% 60.71% (56.92%) (88.79%)
Dividend Yield 1.7% 1.0% 0.7% 0.4% 1.5%
Shareholders Funds 68.16 70.53 123.14 41.34 12.58
Net Borrowings £ (Millions) (25.52) (31.98) (84.38) (19.91) (2.79)
Net Asset Value per Share (inc. Intangibles) 5.52p 5.75p 11.60p 2.19p 1.08p

  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 68.16 70.53 123.14 41.34 12.58
Net Borrowings £ (Millions) (25.52) (31.98) (84.38) (19.91) (2.79)
Net Gearing (37.44%) (45.34%) (68.52%) (48.16%) (22.16%)
Cash & Near Cash 35.09 42.99 96.69 32.12 15.85
Cash 51.48% 60.94% 78.52% 77.69% 125.93%
Gross Borrowings 9.57 11.01 12.31 12.21 13.06
Gross Gearing 14.04% 15.61% 10.00% 29.53% 103.77%
Borrowings Under 5 years 9.57 11.01 12.31 12.21 13.06
Under 5 years 14.04% 15.61% 10.00% 29.53% 103.77%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 46.09 49.39 101.03 19.39 9.71
Net Borrowings £ (Millions) (25.52) (31.98) (84.38) (19.91) (2.79)
Net Gearing (55.37%) (64.74%) (83.52%) n/a (28.72%)
Cash & Near Cash 35.09 42.99 96.69 32.12 15.85
Cash 76.13% 87.03% 95.70% 165.67% 163.19%
Gross Borrowings 9.57 11.01 12.31 12.21 13.06
Gross Gearing 20.76% 22.29% 12.18% 62.97% 134.47%
Borrowings Under 5 years 9.57 11.01 12.31 12.21 13.06
Under 5 years 20.76% 22.29% 12.18% 62.97% 134.47%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 2.66 2.62 5.25 1.43 1.10

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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