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RMV

RightmoveLSE:RMV Stock Report

Market Cap

UK£6.1b

7D

-4.0%

1Y

11.9%

Updated

27 Sep, 2021

Data

Company Financials +
RMV fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends3/6

RMV Overview

Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom.

Rightmove Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Rightmove
Historical stock prices
Current Share PriceUK£6.93
52 Week HighUK£5.52
52 Week LowUK£7.68
Beta0.59
1 Month Change-1.03%
3 Month Change5.00%
1 Year Change11.88%
3 Year Change45.48%
5 Year Change61.43%
Change since IPO1,666.73%

Recent News & Updates

Jun 04
Is Rightmove plc (LON:RMV) Worth UK£6.1 Based On Its Intrinsic Value?

Is Rightmove plc (LON:RMV) Worth UK£6.1 Based On Its Intrinsic Value?

Does the June share price for Rightmove plc ( LON:RMV ) reflect what it's really worth? Today, we will estimate the...

Apr 30
Most Shareholders Will Probably Find That The Compensation For Rightmove plc's (LON:RMV) CEO Is Reasonable

Most Shareholders Will Probably Find That The Compensation For Rightmove plc's (LON:RMV) CEO Is Reasonable

The performance at Rightmove plc ( LON:RMV ) has been rather lacklustre of late and shareholders may be wondering what...

Shareholder Returns

RMVGB Interactive Media and ServicesGB Market
7D-4.0%-1.8%0.6%
1Y11.9%3.2%24.1%

Return vs Industry: RMV exceeded the UK Interactive Media and Services industry which returned 3.2% over the past year.

Return vs Market: RMV underperformed the UK Market which returned 23.4% over the past year.

Price Volatility

Is RMV's price volatile compared to industry and market?
RMV volatility
RMV Beta0.59
Industry Beta0.65
Market Beta1

Stable Share Price: RMV is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: RMV's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2000560Peter Brooks-Johnsonhttps://plc.rightmove.co.uk

Rightmove plc, together with its subsidiaries, operates property portals in the United Kingdom. It operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms.

Rightmove Fundamentals Summary

How do Rightmove's earnings and revenue compare to its market cap?
RMV fundamental statistics
Market CapUK£6.13b
Earnings (TTM)UK£153.11m
Revenue (TTM)UK£260.79m

38.6x

P/E Ratio

22.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RMV income statement (TTM)
RevenueUK£260.79m
Cost of RevenueUK£0
Gross ProfitUK£260.79m
ExpensesUK£107.68m
EarningsUK£153.11m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.18
Gross Margin100.00%
Net Profit Margin58.71%
Debt/Equity Ratio0%

How did RMV perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

43%

Payout Ratio

Does RMV pay a reliable dividends?

See RMV dividend history and benchmarks
When do you need to buy RMV by to receive an upcoming dividend?
Rightmove dividend dates
Ex Dividend DateSep 30 2021
Dividend Pay DateOct 29 2021
Days until Ex dividend2 days
Days until Dividend pay date31 days

Does RMV pay a reliable dividends?

See RMV dividend history and benchmarks

Valuation

Is Rightmove undervalued compared to its fair value and its price relative to the market?

38.59x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RMV (£7.19) is trading above our estimate of fair value (£4.98)

Significantly Below Fair Value: RMV is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RMV is poor value based on its PE Ratio (40x) compared to the European Interactive Media and Services industry average (38.3x).

PE vs Market: RMV is poor value based on its PE Ratio (40x) compared to the UK market (23.4x).


Price to Earnings Growth Ratio

PEG Ratio: RMV is poor value based on its PEG Ratio (5.1x)


Price to Book Ratio

PB vs Industry: RMV is overvalued based on its PB Ratio (68.2x) compared to the GB Interactive Media and Services industry average (8.4x).


Future Growth

How is Rightmove forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: RMV's forecast earnings growth (7.9% per year) is above the savings rate (0.9%).

Earnings vs Market: RMV's earnings (7.9% per year) are forecast to grow slower than the UK market (13.3% per year).

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

Revenue vs Market: RMV's revenue (8.5% per year) is forecast to grow faster than the UK market (5.4% per year).

High Growth Revenue: RMV's revenue (8.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: RMV's Return on Equity is forecast to be very high in 3 years time (231.4%).


Past Performance

How has Rightmove performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RMV has a high level of non-cash earnings.

Growing Profit Margin: RMV's current net profit margins (58.7%) are higher than last year (56.4%).


Past Earnings Growth Analysis

Earnings Trend: RMV's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: RMV's earnings growth over the past year (12.9%) exceeds its 5-year average (1.6% per year).

Earnings vs Industry: RMV earnings growth over the past year (12.9%) underperformed the Interactive Media and Services industry 25.9%.


Return on Equity

High ROE: RMV's Return on Equity (170.5%) is considered outstanding.


Financial Health

How is Rightmove's financial position?


Financial Position Analysis

Short Term Liabilities: RMV's short term assets (£89.9M) exceed its short term liabilities (£26.5M).

Long Term Liabilities: RMV's short term assets (£89.9M) exceed its long term liabilities (£11.5M).


Debt to Equity History and Analysis

Debt Level: RMV is debt free.

Reducing Debt: RMV has not had any debt for past 5 years.

Debt Coverage: RMV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RMV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Rightmove current dividend yield, its reliability and sustainability?

0.86%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 27 2021Ex Dividend DateSep 30 2021Dividend Pay DateOct 29 202129 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: RMV's dividend (0.83%) isn’t notable compared to the bottom 25% of dividend payers in the UK market (1.34%).

High Dividend: RMV's dividend (0.83%) is low compared to the top 25% of dividend payers in the UK market (3.93%).


Stability and Growth of Payments

Stable Dividend: RMV's dividend payments have been volatile in the past 10 years.

Growing Dividend: RMV's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.5%), RMV's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RMV's dividends in 3 years are forecast to be well covered by earnings (33.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Peter Brooks-Johnson

4.33yrs

Tenure

UK£1,008,448

Compensation

Mr. Peter Brooks-Johnson has been Chief Executive Officer of Rightmove plc since May 9, 2017. Mr. Brooks-Johnson served as Managing Director of rightmove.co.uk since January 10, 2011 and served as its Agen...


CEO Compensation Analysis

Compensation vs Market: Peter's total compensation ($USD1.38M) is below average for companies of similar size in the UK market ($USD2.18M).

Compensation vs Earnings: Peter's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: RMV's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: RMV's board of directors are not considered experienced ( 3 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Rightmove plc's employee growth, exchange listings and data sources


Key Information

  • Name: Rightmove plc
  • Ticker: RMV
  • Exchange: LSE
  • Founded: 2000
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: UK£6.128b
  • Shares outstanding: 852.60m
  • Website: https://plc.rightmove.co.uk

Number of Employees


Location

  • Rightmove plc
  • 2 Caldecotte Lake Business Park
  • Caldecotte Lake Drive
  • Milton Keynes
  • Buckinghamshire
  • MK7 8LE
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 17:53
End of Day Share Price2021/09/27 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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 here.