A$27.6
Reece is an industrial distribution business based in Australia. Reece shares (REH) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Reece has a trailing 12-month revenue of around $9.1 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Reece
To buy shares listed in Australia such as Reece , you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose or you can see our list of the best share trading platforms in Australia. Then follow these steps.
-
Open and fund your brokerage account. Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
-
Search for Reece . Find the share by name or ticker symbol: REH. Research its history to confirm it's a solid investment against your financial goals.
-
Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Reece reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
-
Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
-
Check on your investment. Congratulations, you own a part of Reece . Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
Our top pick for
AU stocks
Our top pick for
Copy trading
Our top pick for
Mobile app
Reece stock price (ASX:REH)
Use our graph to track the performance of REH stocks over time.Reece shares at a glance
52-week range | $17.051 - $29.38 |
---|---|
50-day moving average | $27.0716 |
200-day moving average | $25.8116 |
Target price | $21.03 |
PE ratio | 43.8769 |
Dividend yield | $0.258 (0.9%) |
Earnings per share (TTM) | $0.65 |
Where to buy Reece shares
Is it a good time to buy Reece stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Reece price performance over time
Historical closes compared with the last close of A$27.66
1 week (2024-09-26) | -3.19% |
---|---|
1 month (2024-09-04) | 4.65% |
3 months (2024-07-04) | 12.90% |
6 months (2024-04-04) | -1.04% |
1 year (2023-10-04) | 53.50% |
---|---|
2 years (2022-10-04) | 91.55% |
3 years (2021-10-04) | 51.98% |
5 years (2019-10-04) | 162.40% |
Is Reece under- or over-valued?
Valuing Reece stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Reece 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Reece 's P/E ratio
Reece 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 44x. In other words, Reece shares trade at around 44x recent earnings.
That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Reece 's EBITDA
Reece 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $828.7 million (£0.0 million).
The EBITDA is a measure of a Reece 's overall financial performance and is widely used to measure stock profitability.
Reece financials
Revenue TTM | $9.1 billion |
---|---|
Operating margin TTM | 6.73% |
Gross profit TTM | $2.5 billion |
Return on assets TTM | 6.01% |
Return on equity TTM | 11.16% |
Profit margin | 4.6% |
Book value | 6.013 |
Market capitalisation | $18.4 billion |
TTM: trailing 12 months
N/AReece share dividends
Dividend payout ratio: 38.46% of net profits
Recently Reece has paid out, on average, around 38.46% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.9% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Reece shareholders could enjoy a 0.9% return on their shares, in the form of dividend payments. In Reece 's case, that would currently equate to about A$0.258 per share.
While Reece 's payout ratio might seem fairly standard, it's worth remembering that Reece may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 7 October 2024 (the "ex-dividend date").
Have Reece 's shares ever split?
Reece 's shares were split on a 5:1 basis on 17 December 2017. So if you had owned 1 share the day before the split, the next day you would own 5 shares. This wouldn't directly have changed the overall worth of your Reece shares – just the quantity. However, indirectly, the new 80% lower share price could have impacted the market appetite for Reece shares which in turn could have impacted Reece 's share price.
Reece share price volatility
Over the last 12 months, Reece 's shares have ranged in value from as little as $17.051 up to $29.38. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Reece 's is 0.834. This would suggest that Reece 's shares are less volatile than average (for this exchange).
Reece overview
Reece Limited engages in the distribution of plumbing, bathroom, heating, ventilation, air-conditioning, waterworks, and refrigeration products to commercial and residential customers in Australia, the United States, and New Zealand. It also distributes irrigation and pools, and kitchen products. The company serves customers in the trade, retail, commercial, and infrastructure markets. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1919 and is based in Cremorne, Australia.
Reece in the news
Q3 2024 Daktronics Inc Earnings Call
Earnings Beat: Reece Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Reece (ASX:REH) Will Want To Turn Around Its Return Trends
Frequently asked questions
More guides on Finder
-
Best performing stocks on the ASX in 2024 (Updated weekly)
Looking for the best performing stocks in Australia? We update this list weekly.
-
The best ASX shares to buy now in 2024? (October update)
Here are our algorithm-selected 20 Aussie stocks worth watching in 2024.
-
How to buy shares for children in 2024
Here is the essential information you need to know about buying shares for children.
-
How to invest in the S&P 500
Find out the different ways you can invest in the S&P 500 index from Australia.
-
Best dividend stocks on the ASX for 2024
Following a couple of lean years for dividend investors, here are 20 ideas you could consider in your portfolio.
-
How to invest in index funds in Australia
Index funds are a hot topic right now, but how do you actually invest in them?
-
How to invest in gold in Australia in 2024
If you’re thinking of investing in gold, our guide will explain how and where to buy gold in Australia as well as the pros and cons of investing in it.
-
The cheapest stock brokers in Australia (Oct 2024)
Find cheap stock brokerage in Australia when buying and selling shares on the ASX and other international exchanges.
-
Best investment and stock trading apps in Australia (2024)
Compare share trading apps to find out which app has all the tools and resources you need to reach your investment goals.
-
14 best share trading platforms Australia – ranked
Follow these tips to find the best share trading platform for you.
Ask a question