Rightmove (GB:RMV)
LSE:RMV
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Rightmove
(LSE:RMV)
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Rating:74Outperform
Price Target:
501.00 p
▲(18.16% Upside)
Action:ReiteratedDate:03/02/26
The score is driven primarily by outstanding financial performance (high margins, strong free cash flow, low leverage) and a supportive earnings outlook with continued capital returns. These positives are tempered by weak technical trends (below key longer-term moving averages with negative MACD) and only moderate valuation support (P/E ~15.9, ~2.27% yield).
Positive Factors
Strong cash conversion
Consistent, high cash conversion means reported profits reliably turn into distributable cash. Over 96% FCF conversion supports repeatable dividends, buybacks, and reinvestment into product development, reducing financing risk and strengthening long-term capital allocation.
Negative Factors
Slower revenue growth
After a post-COVID surge, top-line growth has settled to mid-single digits, limiting scope for rapid scale-driven margin expansion. Sustained moderate growth raises pressure on management to find new scalable revenue streams or accelerate monetization in adjacent products.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash conversion
Consistent, high cash conversion means reported profits reliably turn into distributable cash. Over 96% FCF conversion supports repeatable dividends, buybacks, and reinvestment into product development, reducing financing risk and strengthening long-term capital allocation.
Read all positive factors
Rightmove (RMV) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£3.21B
Dividend Yield1.65%
Average Volume (3M)2.02M
Price to Earnings (P/E)18.5
Beta (1Y)0.31
Revenue Growth8.63%
EPS Growth5.20%
CountryUK
Employees900
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)0.14
Shares Outstanding759,314,640
10 Day Avg. Volume1,852,370
30 Day Avg. Volume2,020,126
Financial Highlights & Ratios
PEG Ratio1.11
Price to Book (P/B)48.77
Price to Sales (P/S)9.44
P/FCF Ratio16.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£578.00Price Target Upside36.32% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)0.31
Revenue Forecast (FY)£461.11M
Rightmove Business Overview & Revenue Model
Company Description
Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom and internationally. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising serv...
How the Company Makes Money
Rightmove generates revenue primarily through subscription fees charged to estate agents and property developers who list their properties on the platform. The company offers various subscription packages that provide agents with different levels ...
Rightmove Earnings Call Summary
Earnings Call Date:Feb 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 24, 2026
Earnings Call Sentiment Positive
The call presents a fundamentally positive operational and financial story: broad-based revenue growth (9%), strong engagement metrics, accelerating product and AI delivery, significant shareholder returns, and robust proprietary data assets. There are near-term headwinds and timing effects—notably a softer H2, New Homes supply constraints, and planned investment-driven cost increases that moderate profit growth guidance for 2026. Management frames these investments as deliberate, with a roadmap to align profit growth with revenue in later years. Overall, strengths and growth momentum outweigh the challenges, which are primarily timing and investment related.Positive Updates
Group Revenue and Profit Growth
Total revenue grew 9% year-on-year in 2025; underlying operating profit also grew 9% and underlying EPS increased 11%.
Negative Updates
Weaker H2 and Market Sensitivity
H2 2025 was weaker year-on-year due to late autumn budget fears; New Homes and some mortgage activity were particularly impacted in H2, creating timing volatility in revenues.
Read all updates
Q4-2025 Updates
Positive
Negative
Group Revenue and Profit Growth
Total revenue grew 9% year-on-year in 2025; underlying operating profit also grew 9% and underlying EPS increased 11%.
Read all positive updates
Company Guidance
Rightmove reiterated its November guidance for 2026: group revenue growth of 8–10% (H1 expected weaker than H2), core membership growth of around 1% and ARPA growth of £110–£120 (after ARPA rose £97 to £1,621 in 2025), strategic growth areas (SGAs) expansion of ~20–30%, and underlying operating profit growth of 3–5% with an underlying operating margin no lower than 67% (2025 margin ~70%). Management expects total CapEx ≈£16m (<4% of revenue) with increased labour capitalisation and roughly £12m of incremental post‑capitalisation investment in 2026, plans to hire over 100 people, and retains strong cash generation (cash conversion 107% of operating profit); it returned £220m to shareholders in 2025 (£141m buybacks, £79m dividends), has announced a £90m buyback through 31 July and a final dividend of 6.59p (total 10.64p), and plans to reduce cash from ~£43m to ~£20m by the half year.Rightmove Financial Statement Overview
Summary
Income Statement
90
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
92
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 425.13M | 389.88M | 364.32M | 332.62M | 304.89M |
| Gross Profit | 0.00 | 389.88M | 359.33M | 328.04M | 304.89M |
| EBITDA | 296.20M | 264.95M | 263.02M | 245.93M | 228.13M |
| Net Income | 217.07M | 192.71M | 199.15M | 195.68M | 183.09M |
Balance Sheet | |||||
| Total Assets | 128.18M | 118.50M | 104.87M | 101.76M | 107.58M |
| Cash, Cash Equivalents and Short-Term Investments | 42.91M | 41.14M | 38.87M | 40.14M | 47.99M |
| Total Debt | 10.81M | 6.16M | 7.40M | 9.57M | 11.01M |
| Total Liabilities | 45.88M | 37.64M | 35.52M | 33.60M | 37.05M |
| Stockholders Equity | 82.30M | 80.86M | 69.36M | 68.16M | 70.53M |
Cash Flow | |||||
| Free Cash Flow | 237.83M | 202.19M | 203.37M | 195.55M | 194.32M |
| Operating Cash Flow | 238.73M | 211.27M | 206.71M | 198.40M | 195.04M |
| Investing Cash Flow | -10.18M | -17.23M | -1.65M | -2.89M | -719.00K |
| Financing Cash Flow | -227.09M | -191.92M | -206.51M | -203.40M | -243.02M |
Rightmove Technical Analysis
Negative
424.00
Price Trends
459.98
Negative
504.60
Negative
625.27
Negative
Market Momentum
-4.68
Positive
37.47
Neutral
2.81
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RMV, the sentiment is Negative. The current price of 424 is below the 20-day moving average (MA) of 442.84, below the 50-day MA of 459.98, and below the 200-day MA of 625.27, indicating a bearish trend. The MACD of -4.68 indicates Positive momentum. The RSI at 37.47 is Neutral, neither overbought nor oversold. The STOCH value of 2.81 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:RMV.
Rightmove Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £3.21B | 18.49 | 264.68% | 1.65% | 8.63% | 5.20% | |
70 Outperform | £3.80B | 11.42 | 51.86% | 1.81% | 3.95% | 7.68% | |
68 Neutral | £790.31M | 15.59 | 13.93% | 1.69% | 9.56% | 29.82% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
* Communication Services Sector Average
GB:RMV
Rightmove
418.70
-269.23
-39.14%
GB:AUTO
Auto Trader
459.80
-285.17
-38.28%
GB:BCG
Baltic Classifieds Group Plc
173.40
-149.93
-46.37%
Rightmove Corporate Events
Business Operations and StrategyStock Buyback
Rightmove Extends Long-Running Buyback With 210,000-Share Repurchase
Positive
Mar 2, 2026
Rightmove plc has continued to execute its longstanding capital return strategy, repurchasing 210,000 ordinary shares at an average price of about 441.7p, with the transaction conducted through UBS AG’s London branch. The buyback, equal to r...
Regulatory Filings and Compliance
Rightmove Non-Executive Director Increases Stake with Share Purchase
Positive
Mar 2, 2026
Rightmove plc has disclosed a share transaction involving non-executive director Lorna Tilbian, in line with regulatory requirements for persons discharging managerial responsibilities. The company reported that Tilbian purchased an aggregated 220...
Regulatory Filings and Compliance
Rightmove Updates Market on Total Voting Rights
Neutral
Mar 2, 2026
Rightmove has confirmed that, as of 28 February 2026, its issued share capital comprises 773,281,827 ordinary shares, of which 10,753,494 are held in treasury and do not carry voting rights. This leaves a total of 762,528,333 voting rights in the ...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Rightmove Delivers Double-Digit Profit Growth and Accelerates AI Push in 2025
Positive
Feb 27, 2026
Rightmove reported strong 2025 results, underpinned by 9% revenue growth to £425.1m, a 12% rise in operating profit and a 15% increase in basic EPS, as estate agency membership edged higher and advertisers bought more premium, product-led pac...
Financial Disclosures
Rightmove Sets Date for 2025 Full-Year Results Announcement
Neutral
Feb 12, 2026
Rightmove plc has scheduled the release of its full-year results for the 12 months ended 31 December 2025, with the announcement set for 7:00 a.m. on Friday, 27 February 2026. The timing of the results will be closely watched by investors and mark...
Regulatory Filings and Compliance
Rightmove Confirms Updated Total Voting Rights as of 31 January 2026
Neutral
Feb 2, 2026
Rightmove plc has confirmed that as of 31 January 2026 its issued share capital comprises 773,281,827 ordinary shares, of which 10,753,494 are held in treasury. This leaves a total of 762,528,333 voting rights in the company, a figure shareholders...
Regulatory Filings and Compliance
Rightmove Updates Market on Total Voting Rights and Share Capital
Neutral
Jan 2, 2026
Rightmove plc has confirmed that, as of 31 December 2025, its issued share capital comprises 773,281,827 ordinary shares, of which 10,753,494 are held in treasury, leaving 762,528,333 voting rights in the company. The updated voting rights figure ...
Stock Buyback
Rightmove Cancels Further Shares Under Ongoing Buy-back Programme
Positive
Dec 19, 2025
Rightmove plc has executed another tranche of its long-running share buy-back programme, repurchasing 289,777 ordinary shares on 19 December 2025 at a volume-weighted average price of 523.771p per share, with the shares acquired via UBS AG London ...
Business Operations and StrategyStock Buyback
Rightmove Extends Long-Running Buyback With Latest £0.3m Share Repurchase
Positive
Dec 18, 2025
Rightmove plc has continued its longstanding capital return strategy by repurchasing 300,000 of its 0.1p ordinary shares on 18 December 2025 at a volume-weighted average price of 525.196p per share, with the shares to be cancelled. The transaction...
Business Operations and StrategyStock Buyback
Rightmove plc Executes Share Buy-Back Transaction
Neutral
Dec 17, 2025
Rightmove plc announced the purchase and cancellation of 300,000 ordinary shares as part of its ongoing share buy-back program, with prices ranging from 516.400p to 522.400p per share. This transaction reflects continued efforts to manage sharehol...
Business Operations and StrategyStock Buyback
Rightmove Enhances Shareholder Value with Latest Buy-Back
Positive
Dec 16, 2025
Rightmove plc has announced the purchase of 300,000 of its own shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0393% of the voting rights of the company’s total ordi...
Business Operations and StrategyStock Buyback
Rightmove Enhances Shareholder Value with Continued Buy-Back Program
Positive
Dec 15, 2025
Rightmove plc announced the purchase of 300,000 of its own ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0393% of the company’s voting rights and continue...
Business Operations and StrategyStock Buyback
Rightmove plc Continues Share Buy-back Program with Latest Purchase
Positive
Dec 12, 2025
Rightmove plc announced the purchase of 300,000 of its own shares as part of its ongoing share buy-back program, with the shares purchased at an average price of 532.537p each. This transaction represents 0.0393% of the voting rights of the compan...
Business Operations and StrategyStock Buyback
Rightmove Continues Share Buy-Back Program
Neutral
Dec 11, 2025
Rightmove plc has announced the purchase of 300,000 of its own shares as part of an ongoing share buy-back program, with the shares being acquired at an average price of 531.263p per share. This transaction represents a small fraction of the compa...
Stock Buyback
Rightmove plc Executes Share Buy-Back
Positive
Dec 10, 2025
Rightmove plc announced the purchase of 300,000 of its own shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 530.544p each. This transaction represents 0.0392% of the voting rights of the company...
Business Operations and StrategyStock Buyback
Rightmove Continues Share Buy-Back Programme
Neutral
Dec 9, 2025
Rightmove plc announced the purchase of 300,000 of its ordinary shares as part of its ongoing share buy-back programme, with the shares being acquired at an average price of 532.147p each. This transaction represents 0.0392% of the voting rights o...
Business Operations and StrategyStock Buyback
Rightmove Enhances Shareholder Value with Latest Share Buy-Back
Positive
Dec 8, 2025
Rightmove plc announced the purchase of 200,000 of its own ordinary shares as part of its ongoing share buy-back program. This transaction, executed through UBS AG London Branch, represents 0.0261% of the voting rights of the total ordinary shares...
Business Operations and StrategyStock Buyback
Rightmove Enhances Shareholder Value with Latest Buy-Back
Positive
Dec 4, 2025
Rightmove plc has announced the purchase of 200,000 of its ordinary shares as part of its ongoing share buy-back program. This transaction represents a small fraction of the company’s voting rights and is part of a long-term strategy to mana...
Business Operations and StrategyStock Buyback
Rightmove Continues Share Buy-Back Strategy
Positive
Dec 3, 2025
Rightmove plc announced the purchase of 200,000 of its own shares as part of its ongoing share buy-back program. This transaction represents a small fraction of the company’s total voting rights and continues a long-term strategy initiated i...
Business Operations and StrategyStock Buyback
Rightmove Enhances Shareholder Value with Continued Share Buy-back
Positive
Dec 2, 2025
Rightmove plc announced the purchase of 200,000 of its ordinary shares as part of its ongoing share buy-back program, with the shares acquired at an average price of 535.631p each. This transaction, representing 0.0261% of the voting rights, conti...
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.