Reece Limited (REECF) Stock Price & Analysis
REECF Stock Chart & Stats
- Day’s Range
- $10.16 - $10.16
- 52-Week Range
- $7.10 - $10.16
- Previous Close
- $10.16
- Volume
- N/A
- Average Volume (3M)
- 6
- Market Cap
- $7.35B
- Enterprise Value
- $12.52B
- Total Cash (Recent Filing)
- $327.67M
- Total Debt (Recent Filing)
- $2.25B
- Price to Earnings (P/E)
- 36.3
- Beta
- -0.11
- Next Earnings
- Mar 03, 2027 (Est.)
- EPS Estimate
- 0.19
- Last Dividend Ex-Date
- Oct 07, 2026
- Dividend Yield
- 1.13%
Bulls Say, Bears Say
Bulls Say
Scale And ANZ Growth
Reece is continuing to expand its revenue base, with ANZ delivering strong sales and EBIT growth. This regional momentum supports operating scale, reinforces the established trade-distribution model, and provides a durable foundation while the company develops its broader network.
Cash Generation
The sharp improvement in operating and free cash flow strengthens Reece’s ability to fund branches, technology, and other strategic investment internally. Better cash generation also supports shareholder returns and gives the business greater flexibility through changing demand conditions.
Network Expansion
Ongoing branch expansion increases Reece’s physical reach among professional trade customers and creates a multi-year avenue for sales growth in the U.S. The planned rollout indicates a deliberate strategy to build distribution scale rather than rely only on mature-market growth.
Bears Say
Margin Compression
Revenue growth is not translating fully into bottom-line earnings, indicating weaker operating efficiency and reduced profit conversion. Persistent margin pressure could limit earnings growth, constrain returns on capital, and make future performance more dependent on volume expansion.
U.S. Execution And Demand
The U.S. expansion is currently accompanied by weaker underlying demand and lower profitability, particularly as new branches scale. If residential construction remains soft, the growing network may take longer to generate attractive returns and could continue weighing on group margins.
Higher Leverage
Rising leverage reduces financial flexibility as Reece continues funding network investment and shareholder returns. Although equity remains sizable, higher debt increases the importance of sustained cash generation and leaves less capacity to absorb prolonged weakness or fund unexpected opportunities.
Reece Limited News
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Reece Limited Stock Smart Score
Company Description
Reece Limited
Reece Limited operates as a major distributor of various essential products across Australia, the United States, and New Zealand. Its comprehensive product range includes plumbing, bathroom amenities, heating, ventilation, and air-conditioning (HVAC) systems, waterworks supplies, and refrigeration equipment. The company also provides solutions for irrigation, swimming pools, fire protection, and kitchen installations. Serving a diverse clientele, Reece caters to trade professionals, retail businesses, commercial enterprises, and large-scale infrastructure projects. Its products are sold under well-known brands such as Reece, Viadux, Actrol, and Metaflex. Established in 1919, the company, with its headquarters in Cremorne, Australia, was formerly known as Reece Australia Limited, adopting its current name in November 2015.
- Sector
- Industrials
- Industry
- Industrial - Distribution
- CEO
- Peter J. Wilson
- Employees
- 9,000
- Website
- www.reece.com.au
- Address
- 57 Balmain Street, Cremorne, VIC, 3121, AU
Reece Limited (REECF) Earnings & Revenues
REECF Company Deck
REECF Earnings Call
Earnings Call SentimentNeutral
The call presented a mixed picture: solid topline growth (A$9.4bn, +4.5%) and clear operational/strategic progress in ANZ (ANZ sales +8.3%, ANZ EBIT +6%), meaningful U.S. network expansion (net +25 branches) and strong cash generation and capital returns (A$645m operating cash inflow, A$401m buybacks). Offsetting these positives were flat group EBITDA, a modest decline in group EBIT, notable margin pressure in the U.S. (LFL sales -1.7%, U.S. EBIT -13%), elevated costs from ongoing investment, and exposure to a weak U.S. residential market and macro uncertainty. Management emphasized a through‑the‑cycle, multi‑year strategy and expects returns to recover as growth investments moderate, but near‑term uncertainty (particularly in the U.S.) tempers the outlook.
View all REECF earnings summariesREECF Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 1 | 5 |
| Technical Analysis | 3 | 1 | 4 |
| Moving Averages | 11 | 0 | 1 |
