Reach plc (GB:RCH)
LSE:RCH
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Reach plc
(LSE:RCH)
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Rating:62Neutral
Price Target:
64.00 p
▼(-1.99% Downside)
Action:ReiteratedDate: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
Low leverage / balance sheet strength
Consistently low debt gives the company durable financial flexibility to absorb cyclical ad downturns, fund digital investment and maintain operations without relying heavily on new financing, supporting multi-quarter resilience and strategic optionality.
Negative Factors
Persistent revenue decline
Multi-year top-line contraction is a structural headwind for an ad-reliant publisher: shrinking circulations and ad volumes reduce scale economics, weaken bargaining power with advertisers, and make profitable digital offsetting critical but challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet strength
Consistently low debt gives the company durable financial flexibility to absorb cyclical ad downturns, fund digital investment and maintain operations without relying heavily on new financing, supporting multi-quarter resilience and strategic optionality.
Read all positive factors
Reach plc (RCH) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£192.20M
Dividend Yield11.37%
Average Volume (3M)1.87M
Price to Earnings (P/E)―
Beta (1Y)1.10
Revenue Growth-4.44%
EPS Growth19.95%
CountryUK
Employees3,566
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)-0.48
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
£64.00Price Target Upside-1.99% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.23
Revenue Forecast (FY)£483.50M
Reach plc Business Overview & Revenue Model
Company Description
Reach plc operates as a national and regional news publisher in the United Kingdom and Ireland. The company has various national and regional brands across print and online, including HullLive, DerbyshireLive, belfastlive, BristoLive, football.lon...
How the Company Makes Money
Reach plc generates revenue through a diverse range of streams, primarily from the sale of advertising and circulation. The company's advertising revenue comes from both print and digital formats, with a growing emphasis on digital advertising as ...
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
64.43
Negative
59.90
Positive
63.46
Negative
Market Momentum
-0.93
Negative
46.09
Neutral
43.82
Neutral
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 60.93, above the 50-day MA of 64.43, and above the 200-day MA of 63.46, indicating a bearish trend. The MACD of -0.93 indicates Negative momentum. The RSI at 46.09 is Neutral, neither overbought nor oversold. The STOCH value of 43.82 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
65 Neutral | £138.63M | 18.54 | 24.52% | 1.09% | -21.19% | -29.54% | |
64 Neutral | £2.85B | 13.98 | 11.42% | 6.17% | -3.07% | -54.90% | |
63 Neutral | £259.55M | 10.45 | 6.22% | 0.53% | -6.22% | -6.69% | |
62 Neutral | £192.20M | -1.32 | -21.91% | 11.37% | -4.44% | 19.95% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | £196.91M | -5.55 | -4.92% | 6.33% | -14.27% | -15466.67% | |
43 Neutral | £47.89M | -9.71 | 75.19% | 9.87% | 2.23% | -25.75% |
* Communication Services Sector Average
GB:RCH
Reach plc
60.90
-2.83
-4.43%
GB:FUTR
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281.40
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115.00
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-29.65%
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GB:SFOR
S4 Capital Plc
29.70
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Reach plc Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Reach lifts profit through cost cuts as it pivots to digital and AI
Neutral
Mar 3, 2026
Reach plc reported full-year 2025 revenue down 3.7% to £518.4m as print fell 4.6% and digital slipped 0.9%, but adjusted operating profit rose 2.4% to £104.7m thanks to cost reductions that lifted margins to 20.2%. A large non-cash impai...
Business Operations and StrategyFinancial Disclosures
Reach plc sets early March dates for full-year 2025 results and investor briefings
Neutral
Feb 17, 2026
Reach plc announced it will publish its full-year results for the year ended 31 December 2025 on 3 March 2026 at 07:00 (UK), followed by an investor and analyst presentation in London at 9:00 that morning, which will also be accessible via live we...
Business Operations and StrategyFinancial Disclosures
Reach plc Expects 2025 Profit to Beat Forecasts Despite Dip in Digital Revenue
Positive
Jan 20, 2026
Reach plc said it expects to deliver full-year 2025 profit ahead of market expectations, supported by the resilience of its print operations and tight cost control, even as digital revenues for the year are set to decline by about 1% to £130m...
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.