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Reece Limited
(Sydney:REH)
Reece Limited (REH) vs. iShares MSCI Australia ETF (EWA)
Reece Limited Business Overview & Revenue Model
Reece Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.98B | 8.98B | 9.10B | 8.84B | 7.65B | 6.27B |
| Gross Profit | 2.56B | 2.56B | 2.61B | 2.51B | 2.14B | 798.32M |
| EBITDA | 823.17M | 863.32M | 983.92M | 912.41M | 820.78M | 702.99M |
| Net Income | 316.94M | 316.94M | 419.17M | 387.61M | 392.49M | 285.60M |
Balance Sheet | ||||||
| Total Assets | 7.42B | 7.42B | 7.09B | 6.92B | 6.61B | 6.12B |
| Cash, Cash Equivalents and Short-Term Investments | 275.41M | 275.41M | 341.38M | 372.71M | 220.48M | 828.97M |
| Total Debt | 1.97B | 1.97B | 1.83B | 1.96B | 1.90B | 2.01B |
| Total Liabilities | 3.37B | 3.37B | 3.21B | 3.30B | 3.29B | 3.23B |
| Stockholders Equity | 4.05B | 4.05B | 3.88B | 3.63B | 3.32B | 2.89B |
Cash Flow | ||||||
| Free Cash Flow | 357.89M | 341.40M | 492.93M | 588.90M | 21.68M | 299.00M |
| Operating Cash Flow | 599.78M | 599.78M | 750.90M | 766.38M | 221.79M | 371.64M |
| Investing Cash Flow | -342.50M | -342.50M | -243.96M | -309.52M | -280.98M | -67.92M |
| Financing Cash Flow | -323.53M | -323.53M | -538.80M | -307.12M | -574.66M | -462.13M |
Reece Limited Technical Analysis
Reece Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$5.02B | 20.43 | 42.87% | 3.56% | 1.48% | 25.46% | |
66 Neutral | AU$204.89M | 52.09 | 12.33% | 0.74% | 24.67% | 96.27% | |
64 Neutral | AU$3.02B | 16.06 | 9.42% | 2.00% | 6.78% | 16.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | AU$8.50B | 27.97 | 7.85% | 1.40% | -1.39% | -24.40% | |
56 Neutral | AU$2.42B | 86.80 | 4.71% | 3.20% | 12.18% | -73.81% | |
54 Neutral | AU$736.53M | 26.18 | 3.40% | 6.62% | -3.00% | ― |
Reece Limited Corporate Events
Reece Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares listed on the ASX under the code REH. The company reported that it has repurchased a cumulative 2,750,375 shares prior to the latest trading day and bought back a further 2,554 shares on the previous day, signalling the ongoing execution of its capital management strategy through daily buy-back notifications.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has provided an update on its on-market share buy-back program for its ordinary fully paid shares, reporting that it repurchased 8,580 shares on the previous trading day, bringing the cumulative total bought back to 2,741,795 shares since the program’s commencement on 27 November 2025. The ongoing daily disclosures of repurchases reflect the company’s active capital management strategy and provide transparency to shareholders on the scale and pace of the buy-back, which can influence earnings per share, share liquidity and overall market perception of the company’s valuation and balance sheet strength.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has increased the size of its existing on-market share buyback program, lifting the total value of ordinary shares it may repurchase to up to AUD 85 million. The expanded buyback signals the company’s continued focus on capital management and returning value to shareholders, and may support its share price and earnings-per-share metrics, with implications for investors monitoring its balance sheet strength and capital allocation strategy.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has lifted its on-market share buyback target by $50 million to a total of $85 million, underscoring the board’s confidence in the business and its focus on disciplined capital management. The buyback, which began on 12 December 2025 and may run for up to 12 months, will be funded from existing cash reserves and debt facilities, with the scale and timing of purchases determined by market conditions and share price—moves that are likely to support earnings per share and signal a continued commitment to shareholder value while maintaining a conservative balance sheet to fund future growth.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has provided an update on its on‑market share buy-back program, confirming that it repurchased 1,991,003 ordinary fully paid shares on the previous trading day, bringing the total number of shares bought back under the current program to 2,741,795 since the initial notification on 27 November 2025. The continued execution of the on‑market buy-back signals the company’s active capital management strategy, which may support earnings per share, influence share price dynamics, and adjust its capital structure, with implications for existing shareholders and market perception of the company’s valuation and financial strength.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has provided an updated notification to the ASX regarding its ongoing on‑market share buy-back program for its ordinary fully paid shares, trading under the code REH. The company reported that it had repurchased a cumulative total of 538,647 shares prior to the latest trading day and bought back a further 212,145 shares on the previous day, underscoring continued execution of its capital management strategy and potential implications for share liquidity and earnings per share for existing investors.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited announced a daily update regarding its ongoing share buy-back program, revealing the buy-back of 169,040 ordinary fully paid shares on the previous day. The buy-back initiative is aimed at optimizing capital management and is part of the company’s broader strategy to enhance shareholder returns. This move could potentially strengthen the company’s stock performance and reflect confidence in their financial health.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced an update regarding its ongoing on-market buy-back program. As of December 17, 2025, the company has repurchased a total of 369,607 ordinary fully paid securities, with 133,038 bought back on the previous day. This buy-back initiative is part of Reece Limited’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced an update on its ongoing on-market buy-back program, reporting the acquisition of 137,641 ordinary fully paid shares on the previous day, bringing the total number of shares bought back to 98,928 before that day. This buy-back initiative is part of the company’s strategy to optimize its capital structure and enhance shareholder value, reflecting a proactive approach to managing its financial resources and market positioning.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced a daily update on its on-market buy-back program, highlighting the acquisition of 98,928 ordinary fully paid securities on the previous day. This buy-back initiative is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
S&P Dow Jones Indices has announced the quarterly rebalance of the S&P/ASX indices, effective before the market opens on December 22, 2025. The S&P/ASX 50 Index will see Lynas Rare Earths Limited and Washington H. Soul Pattinson and Company Limited added, while Amcor PLC and Mirvac Group will be removed. The S&P/ASX 100 Index will add Eagers Automotive Limited and Capricorn Metals Limited, with Reece Limited and Reliance Worldwide Corporation Limited being removed. The S&P/ASX 200 Index will see several additions, including Aussie Broadband Limited and NexGen Energy (Canada) Limited, while companies like Corporate Travel Management Limited and Bapcor Limited will be removed. These changes reflect the dynamic adjustments in the market and could impact the positioning of the involved companies and their stakeholders.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced an on-market share buyback of up to $35 million, following a previous $365 million off-market buyback. This initiative is part of Reece’s strategic capital allocation to enhance shareholder value while maintaining a strong balance sheet for future growth. The buyback will be funded from existing cash and debt facilities and is set to begin on or after December 12, 2025, potentially lasting up to 12 months, depending on market conditions.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.40 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited announced the results of its 2025 Annual General Meeting, where several resolutions were carried, including the re-election of directors and the adoption of the remuneration report, despite a significant portion of votes against it. The AGM results reflect the company’s ongoing governance processes and may influence future corporate strategies, particularly given the second strike against the remuneration report.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$13.10 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited’s 2025 Annual General Meeting highlighted the company’s strategic focus on operational excellence, innovation, and profitable growth, despite a challenging fiscal year with a slight decline in sales and earnings. The company executed a $365 million share buyback to return excess capital to shareholders while maintaining a strong balance sheet, and it is reshaping its Board to bring in new skills and expertise, ensuring long-term success and continuity.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.30 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited reported a 1Q FY26 sales revenue increase of 8% to A$2,407 million, driven by network expansion, despite a decline in EBITDA and EBIT due to elevated costs and depreciation. The company added 15 new branches and completed a share buyback, indicating a strategic focus on long-term growth amid subdued housing markets and cost pressures.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.30 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited announced the appointment of Jacqueline Chow as a director effective November 1, 2025. Chow holds 2,500 ordinary shares in the company, reflecting her initial interest as a director. This appointment may influence the company’s strategic direction and governance, potentially impacting stakeholders and market perceptions.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Group has announced that its 2025 Annual General Meeting will be held online on November 21, 2025. The notice of the meeting and proxy form have been sent to shareholders, detailing how to participate, vote, and ask questions. This online meeting format reflects the company’s commitment to accessibility and engagement with its stakeholders.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced the appointment of Jacqueline Chow as an Independent Non-Executive Director, effective November 1, 2025. Chow, who will also chair the Remuneration Committee, brings over 20 years of corporate leadership experience across various sectors, including industrial, retail, and telecommunications. Her strategic focus on leveraging innovation and technology is expected to drive customer growth, enhancing Reece’s board with her extensive experience and insights.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced the final notification of its buy-back program, purchasing a total of 28,097,753 ordinary fully paid securities for a consideration of AUD 365,270,789. This buy-back is part of an equal access scheme, indicating a strategic move to consolidate its share base, potentially enhancing shareholder value and optimizing capital structure.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has successfully completed an off-market share buy-back, repurchasing 28.1 million shares at a price of $13.00 each, totaling $365 million. This buy-back represents 4.3% of the company’s issued share capital and allows Reece to return excess capital to shareholders while maintaining a robust balance sheet and funding future growth initiatives.
The most recent analyst rating on (AU:REH) stock is a Hold with a A$12.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced an update on its off-market share buy-back program, initially disclosed on September 22, 2025. The buy-back, which opened on September 29, allows eligible shareholders to tender shares at prices ranging from $11.00 to $13.00. The demand has been strong, particularly at the higher end of this range, although the final buy-back price and size have yet to be determined. The buy-back aims to repurchase $250 million worth of shares, with the potential to increase to a maximum of $400 million, depending on the board’s discretion. The final details will be announced on October 20, 2025, after the buy-back period closes on October 17, 2025.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$10.10 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has announced the cessation of 30,484 performance rights due to the conditions for these securities not being met or becoming incapable of being satisfied. This development may impact the company’s capital structure and could have implications for its stakeholders, as it reflects on the company’s ability to meet certain performance conditions.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$10.10 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited announced the cessation of 2,159 retention rights due to the lapse of conditional rights that were not satisfied. This development may impact the company’s capital structure and could influence investor perceptions regarding the company’s ability to meet certain performance conditions.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$10.10 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.