Reece Future Growth

Future criteria checks 2/6

Reece is forecast to grow earnings and revenue by 8.5% and 5.2% per annum respectively. EPS is expected to grow by 8.2% per annum. Return on equity is forecast to be 11.4% in 3 years.

Key information

8.5%

Earnings growth rate

8.2%

EPS growth rate

Trade Distributors earnings growth	14.2%
Revenue growth rate	5.2%
Future return on equity	11.4%
Analyst coverage	Good
Last updated	25 Mar 2024

Recent future growth updates

Recent updates

Is Reece (ASX:REH) A Risky Investment?

Apr 11

Is Now An Opportune Moment To Examine Reece Limited (ASX:REH)?

Mar 27

There's Reason For Concern Over Reece Limited's (ASX:REH) Massive 27% Price Jump

Feb 27

Is Reece Limited (ASX:REH) Expensive For A Reason? A Look At Its Intrinsic Value

Feb 05

Does This Valuation Of Reece Limited (ASX:REH) Imply Investors Are Overpaying?

Oct 28

Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Sep 23

Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Aug 30

Is Reece (ASX:REH) A Risky Investment?

Aug 29

Here's Why Reece (ASX:REH) Can Manage Its Debt Responsibly

Mar 29

Shareholders Of Reece (ASX:REH) Must Be Happy With Their 201% Total Return

Mar 02

Could The Reece Limited (ASX:REH) Ownership Structure Tell Us Something Useful?

Feb 09

Is Reece Limited's (ASX:REH) Recent Stock Performance Influenced By Its Fundamentals In Any Way?

Jan 19

Does Reece (ASX:REH) Have A Healthy Balance Sheet?

Dec 28

Is There More To The Story Than Reece's (ASX:REH) Earnings Growth?

Dec 09

Did You Participate In Any Of Reece's (ASX:REH) Fantastic 116% Return ?

Nov 20

Earnings and Revenue Growth Forecasts

ASX:REH - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	9,648	493	662	749	10
6/30/2025	9,126	437	587	726	11
6/30/2024	8,944	421	634	730	11
12/31/2023	8,950	425	752	957	N/A
9/30/2023	8,895	406	670	861	N/A
6/30/2023	8,840	388	589	766	N/A
3/31/2023	8,660	404	441	630	N/A
12/31/2022	8,481	421	293	493	N/A
9/30/2022	8,068	407	157	357	N/A
6/30/2022	7,654	392	22	222	N/A
3/31/2022	7,226	356	36	200	N/A
12/31/2021	6,797	320	50	179	N/A
9/30/2021	6,534	303	164	265	N/A
6/30/2021	6,271	286	279	352	N/A
3/31/2021	6,196	266	344	421	N/A
12/31/2020	6,122	247	408	489	N/A
9/30/2020	6,066	238	449	545	N/A
6/30/2020	6,010	229	490	601	N/A
3/31/2020	5,859	230	N/A	N/A	N/A
12/31/2019	5,707	230	298	406	N/A
9/30/2019	5,586	216	224	330	N/A
6/30/2019	5,464	202	150	254	N/A
3/31/2019	4,769	199	N/A	N/A	N/A
12/31/2018	4,074	196	35	139	N/A
9/30/2018	3,382	210	64	160	N/A
6/30/2018	2,689	225	93	181	N/A
3/31/2018	2,620	223	120	204	N/A
12/31/2017	2,551	221	147	228	N/A
9/30/2017	2,490	217	N/A	221	N/A
6/30/2017	2,429	212	N/A	215	N/A
3/31/2017	2,388	205	N/A	195	N/A
12/31/2016	2,346	198	N/A	175	N/A
9/30/2016	2,311	195	N/A	182	N/A
6/30/2016	2,276	192	N/A	190	N/A
3/31/2016	2,226	184	N/A	193	N/A
12/31/2015	2,176	175	N/A	196	N/A
9/30/2015	2,131	170	N/A	181	N/A
6/30/2015	2,085	166	N/A	166	N/A
3/31/2015	2,035	155	N/A	158	N/A
12/31/2014	1,985	144	N/A	150	N/A
9/30/2014	1,881	133	N/A	148	N/A
6/30/2014	1,776	123	N/A	146	N/A
3/31/2014	1,685	123	N/A	142	N/A
12/31/2013	1,595	124	N/A	137	N/A
9/30/2013	1,565	121	N/A	139	N/A
6/30/2013	1,535	119	N/A	140	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: REH's forecast earnings growth (8.5% per year) is above the savings rate (2.2%).

Earnings vs Market: REH's earnings (8.5% per year) are forecast to grow slower than the Australian market (13.2% per year).

High Growth Earnings: REH's earnings are forecast to grow, but not significantly.

Revenue vs Market: REH's revenue (5.2% per year) is forecast to grow faster than the Australian market (4.7% per year).

High Growth Revenue: REH's revenue (5.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: REH's Return on Equity is forecast to be low in 3 years time (11.4%).

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Reece Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.5% to AU$16.47

Price target decreased to AU$15.72

Price target increased to AU$18.11

Price target increased to AU$16.70

Price target raised to AU$13.50

Price target raised to AU$12.10

Recent updates

Is Reece (ASX:REH) A Risky Investment?

Is Now An Opportune Moment To Examine Reece Limited (ASX:REH)?

Upcoming dividend of AU$0.08 per share

Investor sentiment improves as stock rises 15%

First half dividend of AU$0.08 announced

First half 2024 earnings: EPS and revenues exceed analyst expectations

There's Reason For Concern Over Reece Limited's (ASX:REH) Massive 27% Price Jump

Price target increased by 7.5% to AU$16.47

Are Reece Limited (ASX:REH) Investors Paying Above The Intrinsic Value?

Reece Limited to Report First Half, 2024 Results on Feb 27, 2024

Reece Limited's (ASX:REH) Price Is Out Of Tune With Earnings

Reece Limited Appoints Karen Penrose as Independent Non-Executive Director and Chair of the Audit and Risk Committee, Effective 18 December 2023

There Are Reasons To Feel Uneasy About Reece's (ASX:REH) Returns On Capital

Reece (ASX:REH) Seems To Use Debt Quite Sensibly

A Look At The Fair Value Of Reece Limited (ASX:REH)

Upcoming dividend of AU$0.17 per share at 1.4% yield

Reece Limited Announces CFO Changes

Investors Could Be Concerned With Reece's (ASX:REH) Returns On Capital

Reece Limited, Annual General Meeting, Oct 26, 2023

Reece Limited Declares Final Dividend for the Fiscal Year 2023, Payable on 25 October 2023

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Reece Limited to Report Fiscal Year 2023 Results on Aug 23, 2023

Do Reece's (ASX:REH) Earnings Warrant Your Attention?

Reece (ASX:REH) Seems To Use Debt Quite Sensibly

Is Now The Time To Put Reece (ASX:REH) On Your Watchlist?

Upcoming dividend of AU$0.08 per share at 1.4% yield

First half 2023 earnings: EPS misses analyst expectations

Reece Limited to Report First Half, 2023 Results on Feb 22, 2023

Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today

Less than half of directors are independent

We Think Reece (ASX:REH) Can Stay On Top Of Its Debt

Upcoming dividend of AU$0.15 per share

Reece (ASX:REH) Will Pay A Larger Dividend Than Last Year At A$0.15

Here's Why We Think Reece (ASX:REH) Might Deserve Your Attention Today

Reece (ASX:REH) Is Paying Out A Larger Dividend Than Last Year

Price target decreased to AU$15.72

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Reece Limited, Annual General Meeting, Oct 27, 2022

Now 21% undervalued

Calculating The Intrinsic Value Of Reece Limited (ASX:REH)

Reece Limited to Report Fiscal Year 2022 Results on Aug 23, 2022

Now 21% undervalued after recent price drop

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

If You Like EPS Growth Then Check Out Reece (ASX:REH) Before It's Too Late

Is Reece (ASX:REH) A Risky Investment?

A Look At The Intrinsic Value Of Reece Limited (ASX:REH)

Less than half of directors are independent

Upcoming dividend of AU$0.075 per share

We Think Reece (ASX:REH) Can Stay On Top Of Its Debt

First half 2022 earnings: EPS exceeds analyst expectations

Reece Limited Announces Distribution for the Six Months Ended December 31, 2021, Payable on April 12, 2022

Reece Limited to Report First Half, 2022 Results on Feb 24, 2022

Is Reece Limited (ASX:REH) Expensive For A Reason? A Look At Its Intrinsic Value

Price target increased to AU$18.11

Does This Valuation Of Reece Limited (ASX:REH) Imply Investors Are Overpaying?

Upcoming dividend of AU$0.12 per share

Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Investor sentiment deteriorated over the past week

Reece (ASX:REH) Is Increasing Its Dividend To AU$0.12

Price target increased to AU$16.70

Is Reece (ASX:REH) A Risky Investment?

Full year 2021 earnings released: EPS AU$0.44 (vs AU$0.40 in FY 2020)

Reece Limited (ASX:REH) acquired Pipeline Supplies Australia.

Here's Why Reece (ASX:REH) Can Manage Its Debt Responsibly

Upcoming Dividend of AU$0.06 Per Share

Shareholders Of Reece (ASX:REH) Must Be Happy With Their 201% Total Return

Price target raised to AU$13.50

New 90-day high: AU$17.34