Seek Limited (SEK) AI Stock Analysis

• Market Cap: AU$5.74B
• Dividend Yield: 1.95%
• Average Volume (3M): 806.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.07
• Revenue Growth: 1.19%
• EPS Growth: N/A
• Country: AU
• Employees: 10,000
• Sector: Communication Services
• Sector Strength: 97
• Industry: Staffing & Employment Services
• EPS (TTM): -0.50
• Shares Outstanding: 357,220,180
• 10 Day Avg. Volume: 982,204
• 30 Day Avg. Volume: 806,518
• PEG Ratio: -0.10
• Price to Book (P/B): 3.18
• Price to Sales (P/S): 7.82
• P/FCF Ratio: 42.91
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$25.22
• Price Target Upside: 37.75% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9
• EPS Forecast (FY): 0.58
• Revenue Forecast (FY): AU$1.20B

• Rating: 59 Neutral
• Price Target: AU$16.50 ▼(-9.89% Downside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is primarily supported by solid financial performance, including strong recent revenue growth, improved margins, and healthy free cash flow. This is weighed down by very weak technicals (deeply below key moving averages with negative momentum), while valuation is mixed with a relatively high P/E only partly offset by the dividend yield.

Positive Factors

Market leadership

Seek's established position as a leading online employment marketplace in ANZ creates durable network effects and brand recognition. That scale supports sustained pricing power for listings/subscriptions and strengthens sourcing of both jobseekers and employers, anchoring recurring revenue.

Rapid revenue expansion

A reported 104.59% revenue increase demonstrates successful monetization or accelerated market penetration. Such step-change growth, if driven by product adoption and expanded services, supports lasting top-line momentum and provides more resources to invest in product and geographic expansion.

Improving cash generation

A 42.65% rise in free cash flow and solid operating cash conversion (0.67) indicate improving ability to convert earnings into cash. Strong FCF underpins reinvestment, dividends or M&A and reduces reliance on external funding, improving long-term financial resilience.

Negative Factors

Margin volatility

Large swings from negative margins to 22.35% highlight earnings sensitivity to demand or cost structure shifts. Persistent volatility undermines predictability of operating leverage and cash flow, complicating capital allocation and making long-term margin sustainability uncertain.

Fluctuating leverage & returns

While debt-to-equity is moderate, historical swings in debt and ROE signal inconsistent capital structure management. Such variability can constrain flexibility during downturns, increase refinancing risk, and impair the ability to fund strategic initiatives without raising leverage at adverse terms.

Geographic concentration risk

Heavy reliance on ANZ markets leaves Seek exposed to local labor-market cycles, regulatory shifts, and competitive dynamics. Asian expansion remains nascent, so geographic diversification is limited and could slow recovery or growth if regional conditions weaken.

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 Online, OCC, Platform support, Portfolio investments, and SEEK Growth Fund segments. The company offers Jora, an online employment marketplace; JobAdder, a talent acquisition suite that simplifies the hiring process for recruiter and corporate talent acquisition teams; and Certsy, a platform to securely verify and share work credentials, and to complete compliance checks. The company was incorporated in 1997 and is headquartered in Melbourne, Australia.

How the Company Makes Money

Seek Limited generates revenue primarily through job listing fees charged to employers who post job advertisements on its platforms. The company also earns money through subscription services, where employers pay for enhanced recruitment features and access to a larger talent pool. Additionally, Seek has diversified its revenue streams by offering related services such as training and education, which provide supplementary income. Strategic partnerships with businesses and educational institutions further amplify its revenue potential by creating bundled offerings and referral programs. The company's strong brand presence and market leadership position enable it to command premium pricing for its services, contributing significantly to its overall earnings.

Seek Limited Financial Statement Overview

Summary

Strong recent revenue growth and improved profitability (net margin rebounding to 22.35%) support the score, with solid free cash flow growth and reasonable cash conversion. However, prior volatility in net income/margins and fluctuations in leverage and returns temper the rating.

Income Statement

Seek Limited has demonstrated strong revenue growth, particularly in the most recent year with a 104.59% increase. The company maintains a robust gross profit margin of 100% in the latest period, indicating effective cost management. However, net profit margin has fluctuated, with a significant improvement to 22.35% in the latest year from a negative margin in the prior year. EBIT and EBITDA margins have also shown improvement, reflecting enhanced operational efficiency. Despite these strengths, the volatility in net income and past negative margins highlight potential risks.

Balance Sheet

The balance sheet of Seek Limited shows a moderate debt-to-equity ratio of 0.47, indicating a balanced approach to leveraging. The return on equity has improved to 9.08%, suggesting better utilization of equity to generate profits. The equity ratio stands at 56.65%, reflecting a stable capital structure. However, the company has experienced fluctuations in its debt levels and ROE in previous years, which could pose risks if not managed carefully.

Cash Flow

Seek Limited's cash flow statement reveals a positive trend in free cash flow growth, with a 42.65% increase in the latest period. The operating cash flow to net income ratio is 0.67, indicating a healthy conversion of net income into cash. The free cash flow to net income ratio of 0.61 further supports the company's ability to generate cash from its operations. Despite these positive indicators, historical fluctuations in free cash flow growth suggest potential volatility.

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

• Technical Analysis Sentiment: Negative
• Last Price: 18.31
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 17.33, below the 50-day MA of 20.61, and below the 200-day MA of 24.30, indicating a bearish trend. The MACD of -1.38 indicates Negative momentum. The RSI at 32.89 is Neutral, neither overbought nor oversold. The STOCH value of 36.89 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REA	64 Neutral	AU$21.91B	38.34	38.75%	1.33%	13.09%	123.97%
MAQ	62 Neutral	AU$1.60B	48.04	7.40%	―	1.75%	0.42%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
SEK	59 Neutral	AU$5.74B	-38.96	8.87%	1.95%	1.19%	―
ABB	54 Neutral	AU$1.46B	57.60	5.89%	1.27%	18.74%	14.89%
AD1	43 Neutral	AU$11.42M	-1.68	―	―	14.07%	-157.40%

Seek Limited Corporate Events

Seek takes A$356m impairment on Zhaopin as it reshapes China stake

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. The write-down follows a review of asset values and reflects updated valuation benchmarks amid weak Chinese macroeconomic conditions, competitive pressures on Zhaopin, and a more cautious earnings outlook.

The company is in talks with other Zhaopin shareholders on a proposed simplification of the ownership structure that would see excess cash used to reduce certain minority holdings and increase Seek’s stake to about 30 percent, without any cash outflow. A new management team at Zhaopin has completed a strategic review that will shift the business toward growth areas aligned with China’s economic priorities, requiring higher near-term investment and margin pressure in 2026–27 but aimed at improving long-term performance and alignment among shareholders.

The most recent analyst rating on (AU:SEK) stock is a Hold with a A$20.00 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

Seek Issues New Unquoted Share Rights Under Employee Incentive Schemes

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 company’s continued use of equity-based compensation to reward and retain employees, aligning staff incentives with shareholder interests and signalling ongoing investment in its workforce as part of its longer-term operational and remuneration strategy.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$31.65 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

Seek Issues New Shares Following Conversion of Unquoted Securities

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 in October and November 2025, reflecting the conversion of unquoted options or other convertible securities, which marginally increases its share capital and signals ongoing utilisation of its equity-based incentive or funding arrangements.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$31.65 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

Seek reports lapse of conditional employee securities as performance hurdles go unmet

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 securities lapsed because their performance or vesting conditions were not met or became incapable of being satisfied by late 2025. The lapses marginally reduce the company’s pool of potential equity-based remuneration, signalling that certain performance or service hurdles in its incentive schemes were not achieved, which may slightly lessen prospective dilution for existing shareholders while reflecting the operation of its conditional incentive structures.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$31.65 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Director Restructures Indirect Shareholdings Without Changing Overall Exposure

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, involving the disposal of 6,000 ordinary shares held via Citiwing Pty Ltd as trustee for The Katabi Trust and the corresponding acquisition of 6,000 ordinary shares by Fresnaye Nominees Pty Ltd as trustee for the Fresnaye Superannuation Fund, indicating a reallocation of his interests rather than a net change in his overall exposure to SEEK.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$31.65 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Limited Announces Director’s Interest Change for Ian Narev

SEEK Limited has announced a change in the director’s interest for Ian Narev, following the issuance of 225,680 Wealth Sharing Plan Options, 90,272 WSP Rights, and one Equity Right, as approved by shareholders at the company’s 2025 Annual General Meeting. This move reflects SEEK’s ongoing commitment to aligning its leadership’s interests with company performance, potentially impacting its strategic direction and stakeholder confidence.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$29.70 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

Seek Limited Issues Unquoted Equity Securities for Employee Incentive

Seek Limited has announced the issuance of various unquoted equity securities as part of an employee incentive scheme. This move is likely aimed at enhancing employee engagement and aligning their interests with the company’s performance, potentially impacting its operational dynamics and market positioning.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$29.70 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Limited Announces New Director Appointment

SEEK Limited has announced the appointment of Gregory Roebuck as a director, effective December 1, 2025, with an initial notice of his interest in the company being released to the market. This appointment is significant for SEEK Limited as it may influence the company’s strategic direction and strengthen its leadership team, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$29.70 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Limited Updates Director Appointment Date

SEEK Limited has announced an update regarding the appointment of Greg Roebuck as a non-executive director. His appointment will now commence on 1 December 2025, earlier than the initially planned date of 1 January 2026. This change does not affect the succession plan for the Chairman position, where Greg Roebuck is set to succeed Graham Goldsmith on 1 March 2026, following Goldsmith’s retirement. Roebuck will stand for election at the 2026 Annual General Meeting, indicating a strategic move to ensure a smooth leadership transition.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$29.70 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Limited Announces Director’s Interest Change

SEEK Limited has announced a change in the director’s interest notice for Rachael Powell, indicating an update in her indirect interest in the company’s securities. This change, involving the Powell Self Managed Super Fund, reflects ongoing transparency in the company’s governance and may impact stakeholders’ perception of director engagement.

The most recent analyst rating on (AU:SEK) stock is a Buy with a A$31.00 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Limited Announces 2025 AGM Results with Strong Shareholder Support

SEEK Limited announced the results of its 2025 Annual General Meeting, where all resolutions were carried with significant majorities. The meeting included the re-election of directors and the approval of equity rights and wealth sharing plan options for the Managing Director and CEO, Ian Narev. This demonstrates strong shareholder support for the company’s leadership and strategic direction, potentially reinforcing its position in the employment marketplace industry.

The most recent analyst rating on (AU:SEK) stock is a Hold with a A$26.00 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Limited Unveils 2025 AGM CEO Presentation with FY2026 Guidance

SEEK Limited has released the CEO’s presentation for its 2025 Annual General Meeting, which includes guidance for the fiscal year 2026. This announcement is significant as it provides stakeholders with insights into the company’s future plans and strategic direction, potentially impacting its market positioning and investor confidence.

The most recent analyst rating on (AU:SEK) stock is a Hold with a A$26.00 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

SEEK Limited Announces Leadership Transition with New Chairman-Elect

SEEK Limited has announced the appointment of Greg Roebuck as a non-executive director and Chairman-elect, succeeding Graham Goldsmith, who will retire in March 2026 after 13 years on the board. This leadership transition comes as SEEK is well-positioned for sustainable growth, having strengthened its market position through strategic transformations and a focus on long-term value creation for stakeholders.

The most recent analyst rating on (AU:SEK) stock is a Hold with a A$26.00 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.