REA Group – Valuation Review

REA Group is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

REA Group announced that its results for the nine months ended 31 March 2019. Reported 3Q revenues up 7% and EBITDA up 6%. The result highlights the quality of the REA business, with solid growth despite a very challenging macro environment.

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If we assume FY20 revenue of $990mn, EBIT $520mn and DPS of $1.50, it places REA on a forward yield of 1.8%.

Underlying earnings growth in FY20 is forecast to be up  12%.

 

 

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