Reece (REH) Stock Overview
Engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 2/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
No risks detected for REH from our risk checks.
REH Community Fair Values
Create NarrativeSee what 22 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Reece Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | AU$15.82 |
| 52 Week High | AU$17.54 |
| 52 Week Low | AU$10.14 |
| Beta | 1.05 |
| 1 Month Change | 18.86% |
| 3 Month Change | 11.25% |
| 1 Year Change | -2.47% |
| 3 Year Change | -18.24% |
| 5 Year Change | -32.99% |
| Change since IPO | 5,690.63% |
Recent News & Updates
Narrative Update • Jun 02
REH: Future Margins And Earnings Multiples Will Likely Compress Further
Analysts have trimmed their price target for Reece to A$10.79 from A$10.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News No recent company specific news or key developments for Reece are provided in the available sources at this time.
Narrative Update • May 05
REH: FY26 EBIT Guidance And Dividend Track Will Support Rerating Potential
Analysts have trimmed their price target for Reece to A$15.03 from A$15.61, reflecting slightly more cautious assumptions around discount rates, revenue growth, margins and future P/E multiples, in line with recent Street research downgrades. Analyst Commentary Street research around the latest price target trim highlights a mix of optimism on Reece’s long term opportunity and caution on how much investors should be paying for that story today.
Narrative Update • Apr 21
REH: FY26 EBIT Guidance And Dividend Will Support Future Upside Potential
Analysts have kept Reece's fair value estimate steady at A$18.00, citing small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions following recent mixed research views from major brokers. Analyst Commentary Recent Street research on Reece has been mixed, with one major global bank moving to a more cautious stance while another large broker took a more constructive view earlier in the year.Narrative Update • Apr 06
REH: Upgraded Views And FY26 Guidance Will Support Future Upside Potential
Analysts have adjusted their view on Reece, with the consensus fair value estimate moving from A$16.60 to A$18.00. This points to expectations of slightly stronger revenue growth, a modestly lower profit margin, a higher discount rate and a lower future P/E.Recent updates
Narrative Update • Jun 02
REH: Future Margins And Earnings Multiples Will Likely Compress Further
Analysts have trimmed their price target for Reece to A$10.79 from A$10.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E multiples. What's in the News No recent company specific news or key developments for Reece are provided in the available sources at this time.Narrative Update • May 05
REH: FY26 EBIT Guidance And Dividend Track Will Support Rerating Potential
Analysts have trimmed their price target for Reece to A$15.03 from A$15.61, reflecting slightly more cautious assumptions around discount rates, revenue growth, margins and future P/E multiples, in line with recent Street research downgrades. Analyst Commentary Street research around the latest price target trim highlights a mix of optimism on Reece’s long term opportunity and caution on how much investors should be paying for that story today.Narrative Update • Apr 21
REH: FY26 EBIT Guidance And Dividend Will Support Future Upside Potential
Analysts have kept Reece's fair value estimate steady at A$18.00, citing small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions following recent mixed research views from major brokers. Analyst Commentary Recent Street research on Reece has been mixed, with one major global bank moving to a more cautious stance while another large broker took a more constructive view earlier in the year.Narrative Update • Apr 06
REH: Upgraded Views And FY26 Guidance Will Support Future Upside Potential
Analysts have adjusted their view on Reece, with the consensus fair value estimate moving from A$16.60 to A$18.00. This points to expectations of slightly stronger revenue growth, a modestly lower profit margin, a higher discount rate and a lower future P/E.Narrative Update • Mar 23
REH: FY26 EBIT Guidance And Dividend Outlook Will Support Rerating Potential
Analysts have lifted the price target for Reece to A$15.61 from A$15.43, reflecting updated views on revenue growth, margins and P/E assumptions following recent research updates from major brokers. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent upgrade as a sign that updated revenue and margin assumptions can support the revised A$15.61 price target without relying on aggressive P/E multiples.Narrative Update • Mar 09
REH: Future Earnings Delivery And Capital Returns Will Shape Balanced Outlook
Analysts have raised their price target on Reece from A$11.82 to about A$15.43, citing updated assumptions around revenue growth, profit margins, fair value, and future P/E multiples reflected in recent Street research. Analyst Commentary Recent Street research on Reece reflects a mix of optimism and caution, with analysts updating their assumptions on revenue growth, profitability, and the multiples they are willing to pay for the stock.Narrative Update • Feb 23
REH: Higher P/E And Buyback Activity Will Support Balanced Future Returns
Analysts have lifted their price target on Reece from A$16.00 to A$16.60, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E after recent research coverage changes. Analyst Commentary Recent research updates on Reece point to a more constructive tone from bullish analysts, who are focusing on how the company might justify a higher valuation through execution and earnings quality rather than short term trading moves.Analysis Article • Feb 14
What Is Reece Limited's (ASX:REH) Share Price Doing?
Reece Limited ( ASX:REH ), might not be a large cap stock, but it saw a significant share price rise of 37% in the past...Narrative Update • Feb 08
REH: Higher P/E And Buyback Plan Will Support Bullish Case
Analysts have raised their price target for Reece from A$15.59 to A$16.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E following recent research activity. Analyst Commentary Recent research activity on Reece reflects a mix of fresh coverage and more positive stances, with analysts updating their assumptions around fair value, discount rates, revenue growth, profit margins and future P/E multiples.Analysis Article • Jan 31
Estimating The Intrinsic Value Of Reece Limited (ASX:REH)
Key Insights Reece's estimated fair value is AU$15.01 based on 2 Stage Free Cash Flow to Equity Reece's AU$14.80 share...Narrative Update • Jan 25
REH: Higher P/E Expectations Will Support Bullish Case Following Neutral Initiation
Analysts have lifted their price target on Reece to A$15.59 from A$14.04, citing updated assumptions for revenue growth, profit margins, the discount rate, and a higher future P/E multiple in line with recent Street research, including Jefferies' neutral initiation. Analyst Commentary Recent research has focused on how Reece's current share price lines up with analysts' revised assumptions for revenue, margins, and valuation multiples.Analysis Article • Jan 17
Reece (ASX:REH) Has Some Way To Go To Become A Multi-Bagger
To find a multi-bagger stock, what are the underlying trends we should look for in a business? In a perfect world, we'd...Narrative Update • Jan 10
REH: Buyback And Index Change Will Shape Margins And Earnings Outlook
Analysts have inched up their price target for Reece to A$14.04 from A$14.04, reflecting small adjustments to fair value, discount rate assumptions, revenue growth expectations and profit margin forecasts, along with a slightly lower future P/E multiple. What's in the News Reece Limited (ASX:REH) authorized a share repurchase program on November 27, 2025, with capacity to buy back up to A$35 million of shares, funded from existing cash and debt facilities, with the program running until December 11, 2026 (company announcement).Narrative Update • Dec 26
REH Will Face Weaker Margins Despite Expanded Share Buyback Program
Analysts have trimmed their price target on Reece from 12.50 dollars to 10.00 dollars, reflecting slightly higher perceived risk, a modestly stronger revenue growth outlook, and expectations for lower profit margins and valuation multiples. What's in the News Reece increased its equity buyback authorization by AUD 50 million on December 22, 2025, lifting the total program size to AUD 85 million (company announcement).Analysis Article • Dec 20
Investor Optimism Abounds Reece Limited (ASX:REH) But Growth Is Lacking
With a price-to-earnings (or "P/E") ratio of 24.7x Reece Limited ( ASX:REH ) may be sending bearish signals at the...Narrative Update • Dec 12
REH: Share Buyback Will Support Margins And Future Earnings Power
Analysts have lowered their price target on Reece from approximately $19.52 to $14.04. This reflects a more cautious view on margins and valuation multiples, even as revenue growth expectations improve.Analysis Article • Nov 13
At AU$10.95, Is Reece Limited (ASX:REH) Worth Looking At Closely?
Reece Limited ( ASX:REH ), is not the largest company out there, but it saw significant share price movement during...Analysis Article • Oct 28
Estimating The Fair Value Of Reece Limited (ASX:REH)
Key Insights The projected fair value for Reece is AU$14.66 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Oct 08
Reece (ASX:REH) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 22
Reece (ASX:REH) Has Announced A Dividend Of A$0.1186
Reece Limited ( ASX:REH ) has announced that it will pay a dividend of A$0.1186 per share on the 22nd of October. The...Analysis Article • Sep 06
Some Reece Limited (ASX:REH) Shareholders Look For Exit As Shares Take 25% Pounding
Unfortunately for some shareholders, the Reece Limited ( ASX:REH ) share price has dived 25% in the last thirty days...Narrative Update • Aug 26
Acquiring Shadowboxer And Opening New Branches Will Improve Customer Experience
Despite an upgrade in consensus revenue growth forecasts, a notable decline in expected net profit margins has led analysts to lower Reece’s fair value estimate from A$15.30 to A$12.98. What's in the News Reece declared a final dividend of 11.86 cents per share fully franked, bringing total dividends for Fiscal Year 2025 to 18.36 cents per share, down from 25.75 cents per share in the previous fiscal year.Analysis Article • Aug 10
What Is Reece Limited's (ASX:REH) Share Price Doing?
Reece Limited ( ASX:REH ), is not the largest company out there, but it saw significant share price movement during...Analysis Article • Jul 27
An Intrinsic Calculation For Reece Limited (ASX:REH) Suggests It's 25% Undervalued
Key Insights The projected fair value for Reece is AU$18.03 based on 2 Stage Free Cash Flow to Equity Reece is...Analysis Article • Jun 17
Reece Limited's (ASX:REH) Popularity With Investors Is Under Threat From Overpricing
With a price-to-earnings (or "P/E") ratio of 27.8x Reece Limited ( ASX:REH ) may be sending very bearish signals at the...
New Narrative • Feb 09
Expanding Networks And Digital Investments Will Boost Operational Excellence Amid Market Challenges
Expansion and network enhancement in the U.S. and ANZ, including new distribution centers, are expected to drive sales and streamline operations.Shareholder Returns
| REH | AU Trade Distributors | AU Market | |
|---|---|---|---|
| 7D | 11.1% | 4.8% | 3.0% |
| 1Y | -2.5% | -10.8% | 3.5% |
Return vs Industry: REH exceeded the Australian Trade Distributors industry which returned -10.8% over the past year.
Return vs Market: REH underperformed the Australian Market which returned 3.5% over the past year.
Price Volatility
| REH volatility | |
|---|---|
| REH Average Weekly Movement | 5.4% |
| Trade Distributors Industry Average Movement | 5.4% |
| Market Average Movement | 10.2% |
| 10% most volatile stocks in AU Market | 17.2% |
| 10% least volatile stocks in AU Market | 4.1% |
Stable Share Price: REH has not had significant price volatility in the past 3 months compared to the Australian market.
Volatility Over Time: REH's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1919 | 9,000 | Peter Wilson | www.reece.com.au |
Reece Limited engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. The company also offers irrigation and pools, and fire products. Its products include tapware and accessories; vanities and mirrors; showers; toilets; basins; baths and spas; pipe and fittings; sinks and troughs; hot water systems; bathroom and kitchen appliances; heating and cooling; irrigation and pools; pumps and water filtration systems; tools; and valves.
Reece Limited Fundamentals Summary
| REH fundamental statistics | |
|---|---|
| Market cap | AU$9.73b |
| Earnings (TTM) | AU$280.28m |
| Revenue (TTM) | AU$9.22b |
34.7x
P/E Ratio1.1x
P/S RatioIs REH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| REH income statement (TTM) | |
|---|---|
| Revenue | AU$9.22b |
| Cost of Revenue | AU$6.60b |
| Gross Profit | AU$2.62b |
| Other Expenses | AU$2.34b |
| Earnings | AU$280.28m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.46 |
| Gross Margin | 28.39% |
| Net Profit Margin | 3.04% |
| Debt/Equity Ratio | 32.6% |
How did REH perform over the long term?
See historical performance and comparisonDividends
1.2%
Current Dividend Yield39%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/16 17:16 |
| End of Day Share Price | 2026/06/16 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Reece Limited is covered by 20 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brook Campbell-Crawford | Barrenjoey Markets Pty Limited |
| Benjamin Brayshaw | Barrenjoey Markets Pty Limited |
| Nicholas McGarrigle | Barrenjoey Markets Pty Limited |