Seek Limited (AU:SEK)
ASX:SEK
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Seek Limited
(Sydney:SEK)
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Rating:63Neutral
Price Target:
AU$15.00
▼(-18.08% Downside)
Action:ReiteratedDate:03/26/26
The score is driven primarily by improving financial performance and a constructive earnings call (profitability and EBITDA growth, stronger balance sheet leverage, and supportive guidance). Offsetting these positives, technicals are notably weak with the stock trading below all key moving averages and negative momentum indicators. Valuation is mixed: a solid dividend yield helps, but the negative P/E reduces confidence in traditional valuation signals.
Positive Factors
Revenue Growth & Margin Recovery
Sustained double‑digit revenue growth alongside a rebound to a 22% net margin signals the business is capturing demand while converting sales into profit. This reflects operating leverage and improved cost structure that should support durable cash generation and reinvestment over the next 2–6 months.
Negative Factors
Zhaopin Impairment & Investment Risk
A large write‑down on the Zhaopin investment highlights execution and valuation risk in overseas holdings and reduces reported equity. Such material impairments can constrain capital allocation, force more conservative investment pacing, and raise the risk of future write‑downs on minority investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth & Margin Recovery
Sustained double‑digit revenue growth alongside a rebound to a 22% net margin signals the business is capturing demand while converting sales into profit. This reflects operating leverage and improved cost structure that should support durable cash generation and reinvestment over the next 2–6 months.
Read all positive factors
Seek Limited (SEK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.93B
Dividend Yield1.95%
Average Volume (3M)806.52K
Price to Earnings (P/E)―
Beta (1Y)1.02
Revenue Growth1.19%
EPS GrowthN/A
CountryAU
Employees10,000
SectorCommunication Services
Sector Strength97
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-0.50
Shares Outstanding357,220,180
10 Day Avg. Volume982,204
30 Day Avg. Volume806,518
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)3.18
Price to Sales (P/S)7.82
P/FCF Ratio42.91
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$25.11Price Target Upside37.14% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)0.57
Revenue Forecast (FY)AU$1.20B
Seek Limited Business Overview & Revenue Model
Company Description
SEEK Limited, together with its subsidiaries, provides online employment marketplace services in Australia, South East Asia, Brazil, New Zealand, Mexico, the United Kingdom, Europe, and internationally. It operates through ANZ, SEEK Asia, Brazil O...
How the Company Makes Money
Seek Limited primarily makes money from its employment marketplaces by charging employers and recruiters to advertise job listings and access hiring-related tools on its platforms. Revenue is generated through job posting fees (often priced by lis...
Seek Limited Earnings Call Summary
Earnings Call Date:Feb 16, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Aug 18, 2026
Earnings Call Sentiment Positive
The call presented a strong set of operational and financial results: double-digit revenue growth, material EBITDA and adjusted profit expansion, a record dividend, improved leverage and clear evidence that proprietary data plus AI investments are translating into better matching, higher candidate engagement (1.5x), placement-share gains and durable yield expansion. Key negatives were a large non-cash Zhaopin impairment, some volume softness (particularly paid volumes in parts of APAC), modest private fund performance, and increased investment-related accounting impacts (higher CapEx, D&A and share-based payments). On balance the positive operational momentum, product-driven yield gains, completed freemium rollout in Asia and tightened guidance outweigh the listed challenges, though management flagged execution and measurement risks that they are actively managing.Positive Updates
Revenue Growth and Scale
Reported revenue of $601 million, up 12% year-on-year (11% excluding Sidekicker), driven by product mix and regional growth.
Negative Updates
Large Non-Cash Zhaopin Impairment
A $356 million non-cash impairment against the Zhaopin investment was recorded (booked across continuing and discontinued ops), reducing the accounted value from $529 million in June to $182 million in this period.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Growth and Scale
Reported revenue of $601 million, up 12% year-on-year (11% excluding Sidekicker), driven by product mix and regional growth.
Read all positive updates
Company Guidance
Management said it had tightened FY26 guidance and now expects revenue and EBITDA to land in the top half of the original guidance range; they reiterated medium‑term targets of high‑single‑digit yield growth and total cost growth contained to mid‑to‑high single digits, with net leverage targeted below 2.5x (net leverage now 2.0x, down from 2.3x). Near‑term assumptions include Australian volumes broadly flat into H2, continued investment in AI (H1 OpEx +7%, CapEx +24%) while delivering operating leverage (H1 revenue $601m, +12% y/y; EBITDA +19%; adjusted profit $104m, +35%), and the Board approved a record dividend of $0.27 per share (up 13%). Management also flagged a A$356m non‑cash impairment to Zhaopin (carrying value reduced from A$529m to A$182m) and reminded investors the SEEK Growth Fund’s liquidity window opens in 2026 with a 12–24 month fulfilment expectation.Seek Limited Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.21B | 1.10B | 1.08B | 1.23B | 1.12B | 760.30M |
| Gross Profit | 550.90M | 1.10B | 541.70M | 1.22B | 640.40M | 397.00M |
| EBITDA | 456.10M | 537.30M | 163.10M | 510.10M | 479.60M | 266.10M |
| Net Income | -148.20M | 245.20M | -100.90M | 1.05B | 168.80M | 752.20M |
Balance Sheet | ||||||
| Total Assets | 4.33B | 4.77B | 4.75B | 5.23B | 4.71B | 4.60B |
| Cash, Cash Equivalents and Short-Term Investments | 153.90M | 150.50M | 199.60M | 251.60M | 325.20M | 491.90M |
| Total Debt | 1.43B | 1.26B | 1.41B | 1.50B | 1.57B | 1.31B |
| Total Liabilities | 1.95B | 2.07B | 2.17B | 2.55B | 2.82B | 2.68B |
| Stockholders Equity | 2.38B | 2.70B | 2.58B | 2.68B | 1.81B | 1.83B |
Cash Flow | ||||||
| Free Cash Flow | 473.50M | 200.00M | 159.80M | 176.30M | 263.70M | 209.60M |
| Operating Cash Flow | 486.00M | 330.00M | 328.80M | 365.70M | 396.60M | 347.50M |
| Investing Cash Flow | -252.40M | -77.00M | -128.40M | -164.50M | -572.70M | 109.10M |
| Financing Cash Flow | -305.70M | -310.00M | -247.40M | -271.10M | -2.30M | -522.60M |
Seek Limited Technical Analysis
Negative
18.31
Price Trends
16.61
Negative
20.03
Negative
22.90
Negative
Market Momentum
-0.78
Negative
37.32
Neutral
48.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SEK, the sentiment is Negative. The current price of 18.31 is above the 20-day moving average (MA) of 14.59, above the 50-day MA of 16.61, and below the 200-day MA of 22.90, indicating a bearish trend. The MACD of -0.78 indicates Negative momentum. The RSI at 37.32 is Neutral, neither overbought nor oversold. The STOCH value of 48.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SEK.
Seek Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | AU$20.37B | 18.00 | 28.87% | 1.33% | 13.09% | 123.97% | |
63 Neutral | AU$4.93B | -8.26 | -5.83% | 1.95% | 1.19% | ― | |
62 Neutral | AU$1.56B | 26.24 | 5.01% | ― | 1.75% | 0.42% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | AU$1.41B | 72.38 | 4.61% | 1.27% | 18.74% | 14.89% | |
43 Neutral | AU$11.42M | -1.74 | 146.06% | ― | 14.07% | -157.40% |
* Communication Services Sector Average
AU:SEK
Seek Limited
13.84
-6.09
-30.55%
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154.41
-74.64
-32.59%
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AD1 Holdings Ltd
0.03
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-45.45%
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Macquarie Telecom Group Limited
60.67
2.79
4.82%
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4.82
1.05
27.75%
Seek Limited Corporate Events
Seek Discloses Director Share Acquisition in Routine ASX Filing
Mar 17, 2026
Seek Limited has notified the Australian Securities Exchange of a change in director interests following the acquisition of company shares by board member Leigh Jasper. The disclosure, lodged via an Appendix 3Y and authorised by the company secret...
Seek Director Jamaludin Ibrahim Increases Indirect Shareholding
Mar 17, 2026
Seek Limited has disclosed a change in director Jamaludin Ibrahim’s indirect interests in the company, following his acquisition of 2,200 ordinary shares on 10 March 2026 via BNP Paribas Nominees as registered holder. The update, lodged with...
Seek Dropped from S&P/ASX 50 in March Index Rebalance
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, with notable changes including Northern Star Resources entering the SP/ASX 20 and Santos being removed. Light Wonder and PLS Group will join the SP/ASX 5...
SEEK confirms departure of director Graham Goldsmith with no shareholdings reported
Mar 6, 2026
SEEK Limited has notified the Australian Securities Exchange that director Graham Goldsmith ceased to be a director of the company on 1 March 2026, and has lodged a Final Director’s Interest Notice reflecting that he holds no relevant securi...
SEEK Discloses Director Leigh Jasper’s Share Acquisition in Routine Governance Filing
Feb 27, 2026
SEEK Limited has disclosed a change in director’s interests following the acquisition of SEEK shares by board member Leigh Jasper, in line with Australian Securities Exchange listing rule requirements. The company notified the market via an ...
SEEK discloses director Gregory Roebuck’s increased shareholding
Feb 24, 2026
SEEK Limited has notified the market of a change in director Gregory Roebuck’s interests following his acquisition of additional SEEK shares through an indirect holding structure. The disclosure, made via an Appendix 3Y lodged with the ASX, ...
Seek Director Michael Wachtel Increases Indirect Shareholding in Company
Feb 24, 2026
Seek Limited has disclosed a change in director interests, noting that director Michael Wachtel has indirectly acquired an additional 10,000 ordinary shares in the company via Fresnaye Nominees Pty Ltd as trustee for the Fresnaye Superannuation Fu...
Seek Director Ian Narev Increases Indirect Shareholding in Company
Feb 24, 2026
Seek Limited has notified the market of a change in director’s interests, disclosing that director Ian Narev has acquired additional Seek shares held on his behalf by HSBC Custody Nominees (Australia) Limited. The Appendix 3Y filing, made in...
SEEK Director Linda Kristjanson Increases Indirect Shareholding
Feb 24, 2026
SEEK Limited has disclosed a change in director Linda Kristjanson’s relevant interest in the company’s securities, in line with Australian Securities Exchange listing rules. The notice records that Kristjanson, via her superannuation v...
Seek Director Increases Indirect Shareholding in Company
Feb 24, 2026
Seek Limited has disclosed a change in director Graham Goldsmith’s indirect shareholding, following his acquisition of additional Seek shares through an entity in which he is a director. The notice, lodged with the ASX, signals incremental a...
SEEK Discloses Increased Shareholding by Director Andrew Bassat
Feb 24, 2026
SEEK Limited has disclosed a change in director Andrew Bassat’s interests following his acquisition of additional ordinary shares in the company. The transaction, dated 18 February 2026, increases Bassat’s direct and indirect holdings,...
Seek takes A$356m impairment on Zhaopin as it reshapes China stake
Feb 8, 2026
Seek Limited will book a A$356 million post-tax impairment on its investment in Chinese online recruitment platform Zhaopin in its first-half 2026 results, cutting the carrying value of the stake to A$182 million from A$529 million as at mid-2025....
Seek Issues New Unquoted Share Rights Under Employee Incentive Schemes
Jan 14, 2026
Seek Limited has notified the market of the issue of 11,893 share rights and 90 recognition share rights under its employee incentive schemes, all of which are unquoted securities and not intended to be listed on the ASX. The move reflects the com...
Seek Issues New Shares Following Conversion of Unquoted Securities
Jan 14, 2026
Seek Limited has notified the market of the issue of additional ordinary fully paid shares following the exercise or conversion of previously unquoted equity securities. The company will issue a total of 17,945 new ordinary shares across two dates...
Seek reports lapse of conditional employee securities as performance hurdles go unmet
Jan 14, 2026
Seek Limited has notified the ASX of the cessation of several classes of employee-related securities, including options, share rights, performance rights and recognition share rights, after conditional rights over a total of nearly 21,000 securiti...
SEEK Director Restructures Indirect Shareholdings Without Changing Overall Exposure
Jan 14, 2026
SEEK Limited has notified the ASX of a change in director Michael Wachtel’s relevant interests in the company’s securities, as required under listing rules. The filing details an internal restructuring of his indirect shareholdings, in...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.