Board Change • May 20
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Lead Independent Director Tim Ford was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buy Or Sell Opportunity • May 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to AU$12.66. The fair value is estimated to be AU$16.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Board Change • May 01
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Lead Independent Director Tim Ford was the last independent director to join the board, commencing their role in 2026. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Jan 29
Reece Limited to Report First Half, 2026 Results on Feb 23, 2026 Reece Limited announced that they will report first half, 2026 results on Feb 23, 2026 Board Change • Dec 24
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Jacqueline Chow was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Oct 21
Reece Limited, Annual General Meeting, Nov 21, 2025 Reece Limited, Annual General Meeting, Nov 21, 2025. Announcement • Oct 20
Reece Limited Appoints Jacqueline Chow as Independent Non-Executive Director, Effective November 1, 2025 Reece Limited announced the appointment of Jacqueline Chow to the Reece Limited Board as an Independent Non-Executive Director effective 1 November 2025. Jacqueline will assume the role of Chair of the Remuneration Committee and stand for election at the 2025 Annual General Meeting. Jacqueline (Jacq) brings over 20 years' corporate leadership experience, having held both Executive and Non-Executive roles in general management, strategy, marketing and technology across a diverse range of sectors, including industrial, retail, telecommunications and financial services. Jacqueline currently serves as Independent Non-Executive Director nib Holdings Limited, Charter Hall Group and Coles Group. She is also a Chairman of Australia-Israel Chamber of Commerce of New South Wales and Queensland. Previously, Jacqueline held senior executive roles at Fonterra, including Chief Operating Officer, Global Consumer and Food Service, where she led a team of 11,000 people across Asia Pacific, The Americas, Europe and Middle East Africa. Prior to that, Jacqueline held senior positions at Campbell Soup Company and Kellogg Company. Jacqueline is well regarded for her strategic leadership in driving customer growth through innovation, digital technologies, and sustainable performance. An experienced Non-Executive Director, Jacqueline is currently serving as a Non-Executive Director on the Boards of nib Holdings Limited, Coles Group and Charter Hall. She is also the Chairman of the Australia-Israel Chamber of Commerce of New South Wales and Queensland. Jacqueline held previous Non-Executive Director positions on the Boards of Boral, Fisher & Paykel, Dairy Partners Americas Brasil and Deputy Chairman of Global Dairy Platform Inc. Prior to commencing her Non-Executive career, Jacqueline held senior positions at Accenture, the Kellogg Company, and Campbell Soup Company and most recently, she was the Chief Operating Officer, Global Consumer and Food Service for Fonterra. At Fonterra, Jacqueline managed $6 billion global P&L business led a team of 11,000 employees across Asia Pacific, The Americas, Europe and Middle East Africa. Her tenure at Fonterra also included leading the Velocity Transformation Programme, driving cultural change and innovation. Jacqueline holds a Bachelor of Science (Hons) from the University of New South Wales and holds a Master of Business Administration (Dean's Distinguished Service Award) from the Northwestern University, USA. Announcement • Sep 22
Reece Limited (ASX:REH) announces an Equity Buyback for 36,400,000 shares, for AUD 400 million. Reece Limited (ASX:REH) announces a share repurchase program. Under the program, the company will repurchase up to 36,400,000 shares. for AUD 400 million. The buy-back price will be set in a range from AUD 11.00 to AUD 13.00 per share. The purpose of the program is to return excess capital to Shareholders. The buy-back will be funded from general pool of funds. Shares bought back will be cancelled. The scale back will be undertaken on a pro-rata basis after considering Priority Allocations and Small Residual Applications. The company will buy back the first 350 Shares. If the Eligible Shareholder offered to sell a number of Shares equal to or less than 350, then all those Shares will be bought back. Applications for more than 350 Shares will be accepted, but the excess above 350 may be scaled back on a pro-rata basis. Record date for buyback is September 26, 2025. The program is valid till October 17, 2025. Declared Dividend • Aug 27
Final dividend reduced to AU$0.12 Dividend of AU$0.12 is 33% lower than last year. Ex-date: 7th October 2025 Payment date: 22nd October 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.3%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 26
Full year 2025 earnings released: EPS: AU$0.49 (vs AU$0.65 in FY 2024) Full year 2025 results: EPS: AU$0.49 (down from AU$0.65 in FY 2024). Revenue: AU$8.98b (down 1.4% from FY 2024). Net income: AU$316.9m (down 24% from FY 2024). Profit margin: 3.5% (down from 4.6% in FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Aug 25
Reece Limited Declares Final Dividend for the Fiscal Year 2025, Payable on 22 October 2025 The Board of Reece Limited has declared a final dividend of 11.86 cents per share fully franked, taking total dividends to 18.36 cents per share in Fiscal Year 2025 (Fiscal Year 2024: 25.75 cents per share). The final dividend has a record date of 8 October 2025 and a payment date of 22 October 2025. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to AU$11.91, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Trade Distributors industry in Australia. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$10.40 per share. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Gavin Street was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 02
Reece Limited Announces Resignation of Megan Quinn as Non-Executive Director, Effective 2 July 2025 Reece Limited announced that Megan Quinn, non-executive Director since 1 September 2017, will resign from the Reece board effective 2 July 2025. Announcement • Jun 27
Reece Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Reece Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Announcement • Feb 24
Reece Limited Declares Fully Franked Interim Dividend, Payable on 2 April 2025 On 24 February 2025, Reece Limited declared a fully franked interim dividend of 6.5 cents per fully paid ordinary share (previous corresponding period: 8.0 cents) with a record date of 19 March 2025 and payment date of 2 April 2025. Board Change • Feb 04
Less than half of directors are independent Following Independent Non-Executive Director Gavin Street's arrival on 01 February 2025, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Gavin Street was the last independent director to join the board, commencing their role in the last week. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 29
Reece Limited to Report First Half, 2025 Results on Feb 24, 2025 Reece Limited announced that they will report first half, 2025 results on Feb 24, 2025 Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Non-Executive Director Angie Mentis was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 01
Upcoming dividend of AU$0.18 per share Eligible shareholders must have bought the stock before 08 October 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Australian dividend payers (5.9%). Lower than average of industry peers (1.3%). Declared Dividend • Aug 21
Final dividend increased to AU$0.18 Dividend of AU$0.18 is 4.4% higher than last year. Ex-date: 8th October 2024 Payment date: 23rd October 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.3%. Payout Ratios Payout ratio: 38%. Cash payout ratio: 34%. Reported Earnings • Aug 20
Full year 2024 earnings released Full year 2024 results: Revenue: AU$9.10b (up 3.0% from FY 2023). Net income: AU$419.2m (up 8.1% from FY 2023). Profit margin: 4.6% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in Australia. Announcement • Aug 19
Reece Limited to Report Fiscal Year 2024 Final Results on Aug 22, 2024 Reece Limited announced that they will report fiscal year 2024 final results on Aug 22, 2024 Buy Or Sell Opportunity • Aug 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to AU$26.45. The fair value is estimated to be AU$21.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 9.1% per annum over the same time period. Announcement • Jun 13
Reece Limited to Report Fiscal Year 2024 Results on Aug 19, 2024 Reece Limited announced that they will report fiscal year 2024 results on Aug 19, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of AU$0.08 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 10 April 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Australian dividend payers (6.3%). Lower than average of industry peers (1.2%). Declared Dividend • Feb 29
First half dividend of AU$0.08 announced Shareholders will receive a dividend of AU$0.08. Ex-date: 27th March 2024 Payment date: 10th April 2024 Dividend yield will be 0.9%, which is lower than the industry average of 1.3%. Payout Ratios Payout ratio: 38%. Cash payout ratio: 21%. Reported Earnings • Feb 28
First half 2024 earnings released: EPS: AU$0.35 (vs AU$0.29 in 1H 2023) First half 2024 results: EPS: AU$0.35 (up from AU$0.29 in 1H 2023). Revenue: AU$4.54b (up 2.5% from 1H 2023). Net income: AU$223.6m (up 20% from 1H 2023). Profit margin: 4.9% (up from 4.2% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Announcement • Feb 01
Reece Limited to Report First Half, 2024 Results on Feb 27, 2024 Reece Limited announced that they will report first half, 2024 results on Feb 27, 2024 Announcement • Dec 18
Reece Limited Appoints Karen Penrose as Independent Non-Executive Director and Chair of the Audit and Risk Committee, Effective 18 December 2023 Reece Limited announces that Karen Penrose will join the Reece Limited Board as an independent Non-Executive Director and Chair of the Audit and Risk Committee effective 18 December 2023. Karen is an experienced executive and has been a full time Non-Executive Director since 2014. She has had a 30-year executive career in leadership and held Chief Financial Officer roles primarily in financial services. She has expertise across a range of sectors including infrastructure, property, health, resources, financial services and energy. Karen is currently a Non-Executive Director at Cochlear Limited, Ramsay Health Care Limited, and Bank of Queensland Limited. She is also a Director at Rugby Australia Limited. Karen has formerly held a wide range of Non-Executive Director roles including at Estia Health, Vicinity Centres, and Spark Infrastructure Group. She is also a member of Chief Executive Women. Karen Penrose has over 30 years' experience as an executive and leader in finance and financial services, including nine years in institutional and corporate banking roles at Commonwealth Bank of Australia and an additional eight years in Chief Financial Officer and other leadership roles at financial services companies. She has been a full-time Director since 2014 and is an experienced Audit and Risk committee Chair. Karen currently serves on the Board of listed companies Bank of Queensland, Cochlear Limited and Ramsay Health Care. She is also on the Board of Rugby Australia and Marshall Investments Pty Limited. Previously, Karen held Director roles at companies including Estia Health, Vicinity Centres, Spark Infrastructure Group, Urban Growth NSW, Novion Property Group and AWE. Karen is a member of Chief Executive Women. She has a passion for sport, especially rugby union, and for community inclusion. She has a Bachelor of Commerce (Account and Finance) from the University of New South Wales, is a Fellow of the Australian Institute of Company Director and is a Certified Public Accountant (CPA). Upcoming Dividend • Oct 03
Upcoming dividend of AU$0.17 per share at 1.4% yield Eligible shareholders must have bought the stock before 10 October 2023. Payment date: 25 October 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Australian dividend payers (7.2%). In line with average of industry peers (1.5%). Announcement • Sep 27
Reece Limited Announces CFO Changes Reece Limited announced that Andrew Cowlishaw, Group CFO, has resigned and will leave Reece Group on 30 November 2023. Andrew (Andy) Young, currently CFO of Reece Australia and New Zealand (ANZ), will move to the Group CFO role from 1 October 2023. Andy Young joined Reece as ANZ CFO in February 2023 from Coles Group, where he was the General Manager of Finance for Supermarkets and Coles Express. Prior to Coles, Andy held various senior finance positions at ANZ from 2008 to 2018, including Group Financial Controller. In his role, Andy oversaw the financial performance of the Group's supermarkets (trading) business and its fuel and convenience retailing operations. He has a highly commercial lens and has extensive experience across financial and operational performance management, capital management, business to business environments and working collaboratively across different teams and geographies. Prior to this, Andy worked for ANZ Bank for almost 10 years in a range of senior finance roles across the wealth management, private banking, retail and institutional divisions. His roles included Group Financial Controller, where he oversaw financial reporting and governance for the consolidated group, along with providing support for a significant number of acquisition, divestment and corporate restructure initiatives. Andy commenced his career with PwC and spent a number of years in funds management and insurance, including international experience, before joining ANZ. Andy is a Chartered Accountant and graduate of the Australian Institute of Company Directors. He holds a Bachelor of Arts & Commerce from Monash University. Announcement • Aug 24
Reece Limited, Annual General Meeting, Oct 26, 2023 Reece Limited, Annual General Meeting, Oct 26, 2023, at 10:00 AUS Eastern Standard Time. Announcement • Aug 23
Reece Limited Declares Final Dividend for the Fiscal Year 2023, Payable on 25 October 2023 Reece Limited Board has declared a final dividend of 17 cents per share, fully franked, taking the total dividends in respect of fiscal year 23 to 25 cents per share (2022: 22.5 cents per share). The final dividend will be paid on 25 October 2023 with the record date for entitlement of 11 October 2023. Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: AU$0.60 (vs AU$0.61 in FY 2022) Full year 2023 results: EPS: AU$0.60 (down from AU$0.61 in FY 2022). Revenue: AU$8.86b (up 16% from FY 2022). Net income: AU$387.6m (down 1.2% from FY 2022). Profit margin: 4.4% (down from 5.1% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Announcement • Jul 23
Reece Limited to Report Fiscal Year 2023 Results on Aug 23, 2023 Reece Limited announced that they will report fiscal year 2023 results on Aug 23, 2023 Upcoming Dividend • Mar 14
Upcoming dividend of AU$0.08 per share at 1.4% yield Eligible shareholders must have bought the stock before 21 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 23
First half 2023 earnings released: EPS: AU$0.29 (vs AU$0.24 in 1H 2022) First half 2023 results: EPS: AU$0.29 (up from AU$0.24 in 1H 2022). Revenue: AU$4.44b (up 23% from 1H 2022). Net income: AU$185.9m (up 18% from 1H 2022). Profit margin: 4.2% (down from 4.4% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Reece Limited to Report First Half, 2023 Results on Feb 22, 2023 Reece Limited announced that they will report first half, 2023 results on Feb 22, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non Executive Director Megan Quinn was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 04
Upcoming dividend of AU$0.15 per share Eligible shareholders must have bought the stock before 11 October 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Australian dividend payers (7.2%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.61 (vs AU$0.44 in FY 2021) Full year 2022 results: EPS: AU$0.61 (up from AU$0.44 in FY 2021). Revenue: AU$7.69b (up 23% from FY 2021). Net income: AU$392.5m (up 37% from FY 2021). Profit margin: 5.1% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the Trade Distributors industry in Australia. Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non Executive Director Megan Quinn was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 21
Upcoming dividend of AU$0.075 per share Eligible shareholders must have bought the stock before 28 March 2022. Payment date: 12 April 2022. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Australian dividend payers (5.7%). Lower than average of industry peers (1.7%). Reported Earnings • Feb 26
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.24 (up from AU$0.19 in 1H 2021). Revenue: AU$3.60b (up 17% from 1H 2021). Net income: AU$157.1m (up 28% from 1H 2021). Profit margin: 4.4% (up from 4.0% in 1H 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 7.8%, compared to a 10% growth forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Oct 05
Upcoming dividend of AU$0.12 per share Eligible shareholders must have bought the stock before 12 October 2021. Payment date: 27 October 2021. Trailing yield: 1.3%. Lower than top quartile of Australian dividend payers (5.4%). Lower than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 18% share price decline to AU$20.50, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 8x in the Trade Distributors industry in Australia. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$10.23 per share. Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.44 (vs AU$0.40 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$6.27b (up 4.3% from FY 2020). Net income: AU$285.6m (up 25% from FY 2020). Profit margin: 4.6% (up from 3.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 11
Reece Limited (ASX:REH) acquired Pipeline Supplies Australia. Reece Limited (ASX:REH) acquired Pipeline Supplies Australia on August 9, 2021. It is understood that the business was sold for a price of less than AUD 100 million. EAC Partners Pty Ltd acted as financial advisor to Pipeline Supplies Australia in the transaction.
Reece Limited (ASX:REH) completed the acquisition of Pipeline Supplies Australia on August 9, 2021. Upcoming Dividend • Mar 22
Upcoming Dividend of AU$0.06 Per Share Will be paid on the 15th of April to those who are registered shareholders by the 29th of March. The trailing yield of 0.7% is below the top quartile of Australian dividend payers (5.4%), and is lower than industry peers (2.3%). Is New 90 Day High Low • Mar 03
New 90-day high: AU$17.50 The company is up 23% from its price of AU$14.23 on 03 December 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$9.47 per share. Reported Earnings • Feb 27
First half 2021 earnings released: EPS AU$0.19 (vs AU$0.19 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: AU$3.07b (up 3.8% from 1H 2020). Net income: AU$123.0m (up 17% from 1H 2020). Profit margin: 4.0% (up from 3.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Feb 19
Reece Limited to Report First Half, 2021 Results on Feb 25, 2021 Reece Limited announced that they will report first half, 2021 results on Feb 25, 2021 Is New 90 Day High Low • Jan 20
New 90-day high: AU$16.49 The company is up 14% from its price of AU$14.43 on 23 October 2020. The Australian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$6.04 per share. Is New 90 Day High Low • Dec 09
New 90-day high: AU$14.94 The company is up 21% from its price of AU$12.39 on 11 September 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$7.12 per share. Is New 90 Day High Low • Oct 06
New 90-day high: AU$13.54 The company is up 44% from its price of AU$9.43 on 08 July 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$7.03 per share. 
