Reach plc (GB:RCH)
LSE:RCH
Want to see GB:RCH full AI Analyst Report?
Top Page
Reach plc
(LSE:RCH)
Select Model
Select Model
Rating:62Neutral
Price Target:
54.00 p
▼(-17.30% Downside)
Action:Reiterated
Date:03/06/26
The score is anchored by very attractive valuation (low P/E and high dividend yield), but is held back by deteriorating operating fundamentals (multi-year revenue decline and a significant net loss in 2025) and a weak technical setup despite oversold signals.
Positive Factors
Conservative Leverage
Low leverage gives the company durable financial flexibility: it can absorb continued earnings volatility, fund digital investments or regional operations without relying on market financing, and withstand cyclical ad downturns. This structural balance-sheet strength supports long-term optionality and downside protection.
Negative Factors
Persistent Revenue Decline
A multiyear top-line decline erodes scale, reduces advertising yield and circulation leverage, and makes fixed-cost absorption harder. Continued revenue contraction weakens structural earnings power, limits reinvestment capacity in digital transformation, and increases the importance of successful audience or product pivots.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Leverage
Low leverage gives the company durable financial flexibility: it can absorb continued earnings volatility, fund digital investments or regional operations without relying on market financing, and withstand cyclical ad downturns. This structural balance-sheet strength supports long-term optionality and downside protection.
Read all positive factors
Reach plc (RCH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£160.95M
Dividend Yield11.37%
Average Volume (3M)1.87M
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth-3.75%
EPS Growth-346.47%
CountryUK
Employees3,566
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)-0.41
Shares Outstanding318,336,300
10 Day Avg. Volume1,767,942
30 Day Avg. Volume1,871,338
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.33
Price to Sales (P/S)0.34
P/FCF Ratio10.42
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£175.00Price Target Upside167.99% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)£483.66M
Reach plc Business Overview & Revenue Model
Company Description
Reach plc functions as a prominent media group, publishing news content across national and regional platforms throughout the United Kingdom and Ireland. The company manages an extensive portfolio of brands, available in both print and online form...
How the Company Makes Money
Reach plc primarily makes money by monetising the audiences of its digital and print news brands through advertising and reader-related revenues. A major revenue stream is advertising: brands generate income from selling advertising inventory acro...
Reach plc Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
72
Positive
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 518.40M | 538.60M | 568.60M | 601.40M | 615.80M |
| Gross Profit | 218.20M | 235.20M | 223.90M | 225.70M | 286.40M |
| EBITDA | 112.20M | 90.60M | 61.40M | 106.80M | 93.70M |
| Net Income | -132.30M | 53.60M | 21.50M | 52.30M | 2.90M |
Balance Sheet | |||||
| Total Assets | 949.40M | 1.21B | 1.22B | 1.26B | 1.34B |
| Cash, Cash Equivalents and Short-Term Investments | 16.10M | 22.70M | 19.90M | 40.40M | 65.70M |
| Total Debt | 66.70M | 62.30M | 63.20M | 46.70M | 36.20M |
| Total Liabilities | 423.20M | 530.90M | 582.10M | 621.50M | 703.70M |
| Stockholders Equity | 526.20M | 678.60M | 637.20M | 637.50M | 638.80M |
Cash Flow | |||||
| Free Cash Flow | 16.70M | 14.20M | 12.40M | 7.00M | 73.10M |
| Operating Cash Flow | 19.30M | 26.00M | 15.90M | 20.70M | 85.60M |
| Investing Cash Flow | -9.60M | 4.90M | -19.30M | -30.40M | -28.60M |
| Financing Cash Flow | -20.90M | -30.00M | -17.10M | -15.60M | -33.30M |
Reach plc Technical Analysis
Negative
65.30
Price Trends
54.51
Negative
57.23
Negative
56.28
Negative
Market Momentum
-0.60
Positive
40.26
Neutral
18.32
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RCH, the sentiment is Negative. The current price of 65.3 is above the 20-day moving average (MA) of 52.66, above the 50-day MA of 54.51, and above the 200-day MA of 56.28, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 40.26 is Neutral, neither overbought nor oversold. The STOCH value of 18.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:RCH.
Reach plc Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | £263.66M | 7.55 | 3.57% | 0.53% | -8.41% | -51.11% | |
64 Neutral | £3.01B | 15.44 | 11.42% | 6.17% | 0.66% | -43.04% | |
63 Neutral | £225.42M | -9.26 | -4.92% | 6.33% | -11.01% | 92.56% | |
62 Neutral | £160.95M | -1.23 | -21.91% | 11.37% | -3.75% | -346.47% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | £165.10M | -75.59 | -6.04% | 1.09% | -12.14% | -117.78% | |
43 Neutral | £46.63M | -9.33 | 75.19% | 9.87% | -5.90% | -146.37% |
* Communication Services Sector Average
GB:RCH
Reach plc
51.20
-12.85
-20.07%
GB:FUTR
Future plc
292.40
-390.52
-57.18%
GB:ITV
ITV plc
80.60
3.61
4.69%
GB:SAA
M&C Saatchi plc
134.00
-61.00
-31.28%
GB:STVG
STV Group plc
96.20
-75.80
-44.07%
GB:SFOR
S4 Capital Plc
34.15
10.22
42.73%
Reach plc Corporate Events
Business Operations and Strategy
Reach plc Adds Shares to Employee Benefit Trust to Manage Plan Dilution
Neutral
Jun 2, 2026
Reach plc has disclosed that its Employee Benefit Trust has acquired 142,493 ordinary shares of 10p each on the London Stock Exchange, in line with the group’s policy of purchasing shares to help manage dilution arising from employee share p...
Business Operations and StrategyStock Buyback
Reach plc Employee Benefit Trust Buys Shares to Manage Incentive Plan Dilution
Neutral
Jun 1, 2026
Reach plc has disclosed that its Employee Benefit Trust has acquired 307,507 ordinary shares on the London Stock Exchange, in line with the company’s strategy to manage dilution arising from share-based incentive plans. The shares, each with...
Business Operations and StrategyStock BuybackDividendsShareholder Meetings
Reach plc investors back all resolutions at annual meeting
Positive
May 6, 2026
Reach plc shareholders approved all resolutions at the company’s annual general meeting held in London, including the annual report and accounts, the proposed dividend and the remuneration report. Investors also backed the re-election of all...
Business Operations and StrategyFinancial Disclosures
Reach plc weathers digital headwinds but stays on track for 2026 targets
Negative
May 6, 2026
Reach plc reported a 6.9% year-on-year decline in group revenue for the first quarter of 2026, with digital revenue down 8.1% and print revenue down 6.6%, as lower search and referral traffic, mainly from Google, continued to weigh on performance....
Executive/Board ChangesRegulatory Filings and Compliance
Reach Executives Exercise Long-Term Incentive Awards and Sell Shares for Tax
Neutral
Apr 17, 2026
Reach plc has disclosed share transactions by its top executives under its Long Term Incentive Plan, in line with Market Abuse Regulation requirements. The awards relate to ordinary 10p shares in the company and reflect part of the standard remune...
Executive/Board Changes
Reach Plc Grants Long-Term Incentive and Restricted Share Awards to Top Executives
Neutral
Apr 14, 2026
Reach plc has granted new long-term incentive awards and restricted share awards to chief executive Piers North and chief financial officer Darren Fisher, aligning their remuneration more closely with shareholder interests. The awards, based on a ...
Regulatory Filings and ComplianceShareholder Meetings
Reach plc Sets Date and Details for 2026 Annual General Meeting
Positive
Mar 25, 2026
Reach plc has announced that its Annual General Meeting will take place on 6 May 2026 at the offices of Norton Rose Fulbright LLP in London, with the full notice of meeting made available on the company’s website and sent in hard copy to sha...
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.