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Seek Limited
(Sydney:SEK)
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Rating:65Neutral
Price Target:
AU$14.00
▼(-23.54% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily supported by solid underlying operating performance and strong cash generation, plus constructive earnings-call guidance focused on yield and cost discipline. Offsetting these positives are significant reported earnings volatility (including a large FY26 loss) and only moderate technical confirmation with the stock still below its 200-day moving average; valuation support is also limited by the negative P/E despite a moderate dividend yield.
Positive Factors
Revenue and Yield Growth
Revenue and yield growth indicate Seek is increasing monetisation of its employment marketplace even in softer labour conditions. Sustained pricing and product adoption can support durable revenue expansion, improve operating leverage, and strengthen the platform’s value to employers and recruiters.
Negative Factors
Employment Volume Declines
Lower advertising volumes directly constrain marketplace revenue because Seek depends on employer and recruiter hiring activity. Persistent weakness across ANZ and Asia would reduce transaction opportunities and could limit the ability of yield increases and cost discipline to sustain profit growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Yield Growth
Revenue and yield growth indicate Seek is increasing monetisation of its employment marketplace even in softer labour conditions. Sustained pricing and product adoption can support durable revenue expansion, improve operating leverage, and strengthen the platform’s value to employers and recruiters.
Read all positive factors
Seek Limited (SEK) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$4.78B
Dividend Yield3.88%
Average Volume (3M)1.77M
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth17.06%
EPS Growth-251.25%
CountryAU
Employees3,091
SectorCommunication Services
Sector Strength97
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-1.04
Shares Outstanding357,970,180
10 Day Avg. Volume1,928,366
30 Day Avg. Volume1,771,728
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)2.26
Price to Sales (P/S)3.74
P/FCF Ratio12.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$17.84Price Target Upside-2.57% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering9
EPS Forecast (FY)0.56
Revenue Forecast (FY)AU$1.25B
Seek Limited Business Overview & Revenue Model
Company Description
SEEK Limited, an Australian-headquartered company, is a leading global operator of online employment marketplaces. Through its diverse subsidiaries, the company maintains an extensive presence across various international markets, including Austra...
How the Company Makes Money
Seek primarily makes money by selling job advertising and recruitment-related services to employers and recruiters via its online employment marketplaces. The core revenue stream is fees paid by employers to post job ads and to access paid product...
Seek Limited Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Feb 22, 2027
Earnings Call Sentiment Positive
The call conveyed a predominantly positive operational and financial performance in FY26: double-digit revenue/yield growth, 15% EBITDA growth, strong free cash flow and an upgraded set of medium-term targets supported by AI-driven product and productivity gains. Key challenges remain: weaker volumes (ANZ and Asia), a reported loss driven by non-core impairments and a 13% decline in the Growth Fund valuation, and some near-term uncertainty around realizing fund assets and the macro-driven demand environment. Overall, management positioned the business as resilient with upgraded ambitions underpinned by data, trust and AI, while acknowledging cyclicality and fund-related timing risks.Positive Updates
Revenue Growth
Net revenue grew 10% year-over-year in FY26, with ANZ and Asia contributing despite softer macro conditions.
Negative Updates
Volume Declines
Marketplace volumes softened: ANZ volumes down ~1% YoY, Asia paid ad volumes down ~12% YoY, and the company expects mid-single-digit volume declines in the coming year as a base-case macro assumption.
Read all updates
Q4-2026 Updates
Positive
Negative
Revenue Growth
Net revenue grew 10% year-over-year in FY26, with ANZ and Asia contributing despite softer macro conditions.
Read all positive updates
Company Guidance
SEEK’s guidance assumes a tougher FY27 labour market with a base‑case mid‑single‑digit decline in ad volumes (each 1% change ≈ $9m group revenue impact), but management expects continued profit growth driven by yield and operating leverage: a new medium‑term minimum 10% pa paid‑ad yield target (ANZ and Asia individually), a tightened medium‑term cost target of mid‑single‑digit growth (with a next‑year cost‑growth ceiling of 5%), and D&A guided to $180–190m for FY27; leadership cited modest EBITDA/profit growth next year despite weaker volumes (after FY26: net revenue +10%, paid‑ad yields APAC +18%/overall yield strong, EBITDA +15%, adjusted profit and EPS +28%), while balance‑sheet metrics include FCF $246m (+21%), net debt just under $1bn, net leverage ~1.8x and a record dividend $0.52/share (+13%, 100% cash‑profit payout); operational assumptions include ~85% AI adoption and ~40% uplift in engineering throughput to help offset increased AI token/compute costs.Seek Limited Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.28B | 1.10B | 1.08B | 1.23B | 1.12B |
| Gross Profit | 570.80M | 1.10B | 541.70M | 1.22B | 640.40M |
| EBITDA | 471.00M | 537.30M | 163.10M | 510.10M | 479.60M |
| Net Income | -371.30M | 245.20M | -100.90M | 1.05B | 168.80M |
Balance Sheet | |||||
| Total Assets | 4.00B | 4.77B | 4.75B | 5.23B | 4.71B |
| Cash, Cash Equivalents and Short-Term Investments | 160.30M | 150.50M | 199.60M | 251.60M | 325.20M |
| Total Debt | 1.26B | 1.26B | 1.41B | 1.50B | 1.57B |
| Total Liabilities | 1.88B | 2.07B | 2.17B | 2.55B | 2.82B |
| Stockholders Equity | 2.12B | 2.70B | 2.58B | 2.68B | 1.81B |
Cash Flow | |||||
| Free Cash Flow | 395.80M | 200.00M | 159.80M | 176.30M | 263.70M |
| Operating Cash Flow | 405.50M | 330.00M | 328.80M | 365.70M | 396.60M |
| Investing Cash Flow | -217.80M | -77.00M | -128.40M | -164.50M | -572.70M |
| Financing Cash Flow | -195.20M | -310.00M | -247.40M | -271.10M | -2.30M |
Seek Limited Technical Analysis
Neutral
18.31
Price Trends
12.89
Positive
13.27
Negative
14.32
Negative
Market Momentum
0.25
Negative
56.64
Neutral
68.37
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SEK, the sentiment is Neutral. The current price of 18.31 is above the 20-day moving average (MA) of 12.73, above the 50-day MA of 12.89, and above the 200-day MA of 14.32, indicating a neutral trend. The MACD of 0.25 indicates Negative momentum. The RSI at 56.64 is Neutral, neither overbought nor oversold. The STOCH value of 68.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SEK.
Seek Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$4.78B | -13.09 | -16.48% | 3.88% | 17.06% | -251.25% | |
61 Neutral | AU$49.60M | -25.58 | -8.93% | ― | -6.17% | -191.49% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | AU$38.98M | -2.92 | -89.78% | ― | ― | -150.42% | |
54 Neutral | AU$102.82M | 400.00 | 14.39% | ― | 9.89% | ― | |
49 Neutral | AU$50.57M | -5.69 | -8.44% | 9.71% | -28.17% | 27.32% | |
47 Neutral | AU$7.59M | -10.00 | -39.38% | ― | 8.65% | 55.56% |
* Communication Services Sector Average
AU:SEK
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Seek Limited Corporate Events
Seek reshapes Growth Fund to unlock liquidity and cut fees
Oct 20, 2026
Seek Limited has outlined revised arrangements for the second five-year phase of its SEEK Growth Fund, aimed at maximising long-term value and progressively reducing its stake while achieving meaningful liquidity. The fund’s portfolio has be...
Seek Limited Sets Date and Details for 2026 Annual General Meeting
Oct 19, 2026
Seek Limited has convened its 2026 Annual General Meeting to be held at its Cremorne, Victoria headquarters on 18 November 2026 at 3.00 p.m. AEDT. The company has released the formal AGM notice, proxy form and access letter in line with ASX listin...
Seek Limited Reports Lapse of Equity Incentive Securities
Oct 13, 2026
Seek Limited has reported the cessation of several classes of equity-linked securities, including options, share rights and performance rights that were previously on issue. These instruments, identified under ASX codes SEKAK, SEKAQ and SEKAJ, hav...
Seek Issues New Unquoted Share Rights Under Employee Incentive Scheme
Sep 8, 2026
Seek Limited has notified the market of the issue of 20,011 unquoted share rights under its employee incentive scheme, dated 7 September 2026. The securities, identified by the ASX code SEKAQ, are not intended to be quoted on the exchange, reflect...
Seek Limited Reports Lapse of Recognition Share Rights
Sep 8, 2026
Seek Limited has notified the market of the cessation of a tranche of its recognition share rights. A total of 1,755 SEEKAS recognition share rights have lapsed after the applicable performance or vesting conditions were not met or became incapabl...
Seek Limited Issues New Ordinary Shares After Option Conversions
Sep 8, 2026
Seek Limited has notified the market of the issue and transfer of a total of 216,774 ordinary fully paid shares following the conversion or exercise of unquoted equity securities. The new shares, issued on 1 September 2026 and 6 July 2026, reflect...
SEEK sets key 2026 dividend and AGM dates for shareholders
Sep 3, 2026
SEEK Limited has outlined key shareholder dates for the remainder of 2026, including the closing date for director nominations on 29 September 2026 and the payment of the FY2026 final dividend on 1 October 2026. The company will also release its N...
Seek updates director Ian Narev’s equity holdings under incentive plans
Aug 19, 2026
Seek Limited has reported changes to the equity interests of director Ian Narev, reflecting movements under its executive incentive structures. The notice details adjustments arising from the company’s FY26 Executive Equity Plan and FY24 Wea...
Seek trims potential dilution as options and rights lapse
Aug 19, 2026
Seek Limited has notified the market of the cessation of certain equity-based instruments from its issued capital. The company reported that 373,067 options and 388,795 performance rights lapsed on 12 August 2026 after the conditions attached to t...
Seek Limited Issues 500,280 New Ordinary Shares After Option Conversion
Aug 19, 2026
Seek Limited has notified the market of the issue of 500,280 ordinary fully paid shares following the conversion of previously unquoted options or other convertible securities. The new shares, dated 13 August 2026, modestly increase the company...
Seek Limited Files 2026 Corporate Governance Statement with ASX
Aug 11, 2026
Seek Limited has released its Corporate Governance Statement for 2026 to the Australian Securities Exchange, outlining the governance practices overseen by its board of directors. The publication reinforces the company’s ongoing compliance w...
Seek Files FY2026 Governance Disclosures with ASX
Aug 11, 2026
Seek Limited has lodged its FY2026 Appendix 4G with the Australian Securities Exchange, detailing how it complies with ASX corporate governance disclosure requirements. The filing confirms that the company’s corporate governance statement fo...
Seek lifts earnings and dividend on APAC yield growth and AI-driven platform gains
Aug 11, 2026
Seek Limited reported strong full-year 2026 results, highlighting 18 percent yield growth across APAC and stable placement share that underscores its leadership in key employment markets. The company delivered 10 percent revenue growth and 8 perce...
Seek Limited Announces AUD 0.25 Interim Dividend for Half-Year to June 2026
Aug 11, 2026
Seek Limited, an Australia-based operator of online employment marketplaces, provides digital job listing and recruitment services that connect employers with job seekers. Its business model centres on recruitment advertising and related solutions...
Seek lifts core profit but swings to full-year loss on Growth Fund hit
Aug 11, 2026
Seek Limited has reported a strong rise in operating metrics for the year to 30 June 2026, with sales revenue from continuing operations up 17% to $1.28 billion and net revenue up 10%. Adjusted profit from continuing operations rose 28% to $199.1 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.