Rightmove (RMV)

Sector:

Real Estate

Index:

FTSE 100

549.60p
   
  • Change Today:
      7.00p
  • 52 Week High: 594.80
  • 52 Week Low: 462.90
  • Currency: UK Pounds
  • Shares Issued: 798.50m
  • Volume: 1,457,293
  • Market Cap: £4,388.53m
  • RiskGrade: 130

Rightmove posts jump in FY profits, upbeat on outlook

By Michele Maatouk

Date: Friday 25 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Online property portal Rightmove posted a jump in full-year profit on Friday as it sounded an upbeat note on the outlook.
In the year to the end of December 2021, pre-tax profit rose to £225.6m from £134.8m the year before, with revenue up 48% at £304.9m.

Operating profit grew 67% to £226.1m and the company declared a final dividend of 4.8p a share, up from 4.5p in 2020 and taking the total dividend for 2021 to 7.8p.

Rightmove said average revenue per advertiser rose 53% from 2020 to £1,189, reflecting the discounts given to customers during the second and third quarters of 2020. Meanwhile, housing transactions increased 41% on 2020 and were up 26% compared to 2019, ending the year at 1.44m.

Chair Andrew Fisher said: "2021 has been the busiest year in Rightmove's history, with record numbers of home hunters spending over 18 billion minutes on our platforms. The UK property market has seen extraordinary activity this year with over 1.4m transactions fuelling an increase of 4.6% in average house prices."

The company struck an upbeat note on the outlook, saying that as the market normalises, it expects the number of transactions to return to pre-pandemic levels.

"We remain alert to the macro environment, but Rightmove is not materially impacted by the property market cycle other than in the most extreme circumstances and we believe the UK online property advertising market will continue to grow," it said.

"The strength of our proposition, coupled with the innovation delivered during the past two years and the momentum generated during in 2021, underpins the board's confidence in Rightmove's outlook for 2022 and beyond."

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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.

 

Rightmove Market Data

Currency UK Pounds
Share Price 549.60p
Change Today 7.00p
% Change 1.29 %
52 Week High 594.80
52 Week Low 462.90
Volume 1,457,293
Shares Issued 798.50m
Market Cap £4,388.53m
RiskGrade 130

Rightmove Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
98.94% below the market average98.94% below the market average98.94% below the market average98.94% below the market average98.94% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
9.94% below the market average9.94% below the market average9.94% below the market average9.94% below the market average9.94% below the market average
16.28% below the sector average16.28% below the sector average16.28% below the sector average16.28% below the sector average16.28% below the sector average
Income
85.86% below the market average85.86% below the market average85.86% below the market average85.86% below the market average85.86% below the market average
87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average87.1% below the sector average
Growth
3.97% below the market average3.97% below the market average3.97% below the market average3.97% below the market average3.97% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 1
Sell 5
Strong Sell 2
Total 19
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rightmove Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 28-Sep-23
Paid 24-May-24 27-Oct-23
Amount 5.70p 3.60p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 746,832 @ 549.60p
16:35 1,508 @ 549.60p
16:35 1,566 @ 549.60p
16:35 4,396 @ 549.60p
16:35 222 @ 549.60p

Rightmove Key Personnel

CFO Alison Dolan
CEO Johan Svanström

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