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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 | 698.22M |
| 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$4.58B | 18.38 | 42.87% | 3.92% | 1.48% | 25.46% | |
66 Neutral | AU$101.04M | 29.28 | 12.33% | 1.32% | 24.67% | 96.27% | |
65 Neutral | $7.48B | 23.54 | 7.85% | 1.59% | -1.39% | -24.40% | |
64 Neutral | $2.93B | 15.57 | 9.42% | 1.97% | 6.78% | 16.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | €2.25B | 80.53 | 4.71% | 3.43% | 12.18% | -73.81% | |
46 Neutral | €1.08B | 38.24 | 3.40% | 5.29% | -3.00% | ― |
Reece Limited Corporate Events
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.
Reece Limited has announced an off-market share buy-back valued at $250 million, reflecting the Board’s confidence in its long-term strategy and strong financial position. The buy-back, set to occur through a tender process, is part of Reece’s capital allocation strategy to return excess capital to shareholders while maintaining financial flexibility for future growth opportunities. The initiative is open to eligible shareholders in Australia, New Zealand, and other jurisdictions, with the final buy-back price determined by market conditions and shareholder demand.
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 an off-market buy-back of its ordinary shares, targeting a $250 million buy-back with flexibility up to $400 million, depending on demand and market conditions. This strategic move aims to efficiently return excess capital to shareholders while preserving the company’s ability to fund future growth, reflecting Reece’s robust financial position and commitment to capital management.
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 a new equal access scheme buy-back of its ordinary fully paid shares, as per the notification to the Australian Securities Exchange (ASX). This move is part of the company’s strategic financial management, potentially impacting its share value and providing liquidity options for shareholders.
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 certain securities due to the lapse of conditional rights. Specifically, options and performance rights totaling 261,543 securities have ceased because the conditions for these securities were not met or became incapable of being satisfied as of August 25, 2025. This cessation may impact Reece Limited’s capital structure and could have implications for stakeholders who were expecting these securities to vest.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$11.10 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited is a market-leading distributor of plumbing, HVAC-R, and waterworks products, serving commercial and residential customers across Australia, New Zealand, and the United States. In its latest earnings report, Reece Limited has faced a challenging fiscal year 2025, with revenue slightly declining by 1% to $9.0 billion, and net profit dropping by 24% to $317 million due to soft end markets and macroeconomic pressures. Despite these challenges, the company has continued to invest in growth and innovation, expanding its branch footprint and enhancing its technology capabilities. Key financial metrics indicate a decrease in earnings before interest and tax by 20% to $548 million, while the company has maintained a strong focus on operational efficiencies and sustainability initiatives. Looking forward, Reece Limited remains optimistic about its long-term strategy, focusing on large markets with attractive fundamentals and continuing to invest in its business to support future growth.
Reece Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement confirms the company’s adherence to ASX Corporate Governance Council recommendations, detailing the roles and responsibilities of its board and management, and ensuring transparency in director appointments and accountability of the company secretary. This announcement reinforces Reece Limited’s commitment to maintaining robust governance practices, potentially enhancing stakeholder confidence and aligning with industry standards.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$13.50 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 a new dividend distribution of AUD 0.1186 per share for its ordinary fully paid securities, with the payment scheduled for October 22, 2025. This distribution pertains to the six-month period ending June 30, 2025, and reflects the company’s ongoing commitment to returning value to its shareholders, potentially enhancing its attractiveness to investors.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$13.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has released its FY25 investor presentation for the 12-month period ending June 30, 2025. This announcement, authorized by the company secretary, reflects the company’s ongoing commitment to transparency and engagement with its stakeholders, potentially impacting its market positioning and stakeholder relations.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$13.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.
Reece Limited has released its FY25 Annual Report, covering the financial year ending June 30, 2025. This report is a significant document for stakeholders, reflecting the company’s operational performance and strategic direction. The release, authorized by the company secretary, underscores Reece’s commitment to transparency and its ongoing efforts to build a better world for its customers.
The most recent analyst rating on (AU:REH) stock is a Sell with a A$13.50 price target. To see the full list of analyst forecasts on Reece Limited stock, see the AU:REH Stock Forecast page.