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Home CompaniesReece Ltd

Reece Ltd

Industrials Industrial Distribution
PortfolioPortfolio WatchlistWatchlist
Company price
18.38 AUD -0.59 ( 3.11%)
Last update at 2026-11-06T06:17:00Z
VOLUME
617817
Market Cap
11668.29M
P/E
37.94

Momentum Score

…

Reece Limited engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. The company offers bathroom products, such as tapware and accessories, vanities and furniture, showers, toilets, basins, bathroom appliances, and baths and spas; kitchen and laundry products, including tapware, sinks and troughs, accessories, commercial kitchen and laundry tapware, and kitchen appliances; and heating and cooling products comprising heating and cooling units, ducted air conditioning, split system air conditioning, evaporative cooling, gas ducted heating, and multi split air conditioning. It also provides hot water systems; pool and spa care equipment; garden products, which include irrigation, landscape, garden lighting, and lawn care; and civil products, such as pipe and fittings, valves, sewer and drainage, electrical pipe and fittings, and water tanks. The company serves customers in the trade, retail, commercial, and infrastructure markets. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1920 and is based in Cremorne, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
18.10
Low
18.88
High
52 Week Price Range
10.33
Low
19.00
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Reece Ltd distributes plumbing, HVAC, waterworks and bathroom products to trade and construction customers in Australia, New Zealand and the United States. The business relies on recurring maintenance and replacement demand and benefits from scale, a dense branch network and trade-focused services. US expansion and growth of digital and value-added services may support longer-term revenue and margin growth and could appeal to investors seeking a market-leading distributor.

Material risks include exposure to construction cycles and interest rates, execution and integration risk from acquisitions, competitive pressure and elevated leverage after acquisition activity.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
18.97
Dividend Yield
1.04%
Revenue TTM
9378.43M
Revenue Per Share
15.07
Gross Profit TTM
2714.61M
Debt / Equity
0.60
ROE
7.91%
Net Debt
1925.52M
ROCE
9.00%
Diluted EPS TTM
0.50

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Income before tax 416.43M 450.60M 589.58M 567.84M 509.40M
Net income 308.15M 316.94M 419.17M 387.61M 392.49M
Selling general administrative 2186.82M 2013.00M 1.05M 1845.40M 871.04M
Selling and marketing expenses - 2013.00M 1932.36M 1845.40M 1592.12M
Gross profit 2714.61M 2558.21M 2605.70M 2506.71M 2138.96M
Reconciled depreciation 367.24M 352.32M 325.41M 289.90M 258.23M
Ebit 527.78M 511.00M 658.51M 646.91M 550.37M
Ebitda 895.02M 863.32M 983.92M 936.82M 808.60M
Depreciation and amortization 367.24M 352.32M 325.41M 289.90M 258.23M
Operating income 527.78M 192.89M 674.40M 678.51M 572.05M
Other operating expenses 8850.65M 8785.49M 8756.83M 4480.25M 3953.88M
Interest expense 122.92M 107.91M 104.31M 54.66M 47.11M
Tax provision 108.27M 133.66M 170.41M 180.23M 116.91M
Interest income 5.65M 10.29M 12.50M 86.27M 6.04M
Net interest income -117.27M -97.61M -91.81M -86.27M -68.80M
Income tax expense 108.27M 133.66M 170.41M 180.23M 116.91M
Total revenue 9378.43M 8978.38M 9104.77M 8839.57M 7654.05M
Total operating expenses 2186.82M 2365.31M 2257.77M 2135.31M 1850.35M
Cost of revenue 6663.82M 6420.18M 6499.07M 6332.86M 5515.08M
Total other income expense net -111.35M 257.70M -84.82M -7.21M 31.36M
Net income from continuing ops 308.15M 316.94M 419.17M 387.61M 392.49M
Net income applicable to common shares - 316.94M 419.17M 387.61M 392.49M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Total assets 7674.59M 7417.45M 7094.87M 6924.29M 6607.57M
Intangible assets 359.37M 441.95M 460.85M 497.40M 429.10M
Other current assets 53.16M - 31.51M 28.92M 29.76M
Total liab 3926.21M 3372.14M 3210.73M 3298.86M 3286.70M
Total stockholder equity 3748.39M 4045.32M 3884.14M 3625.42M 3320.87M
Other current liab 522.71M - 467.76M 1.51M 1.45M
Common stock 1157.26M - 1246.92M 1246.92M 1246.92M
Capital stock 1157.26M 1246.92M 1246.92M 1246.92M 1246.92M
Retained earnings 2802.25M 2604.17M 2443.89M 2186.21M 1947.18M
Other liab - - - 47.43M 42.36M
Good will 1507.97M 1573.61M 1522.37M 1523.49M 1477.24M
Other assets - - 0.00M 72.61M 63.87M
Cash 327.67M 275.41M 341.38M 372.71M 220.48M
Cash and equivalents - - - 372.35M 220.15M
Total current liabilities 1807.97M 1510.86M 1479.01M 1421.03M 1460.06M
Current deferred revenue - - 0.56M 502.17M 485.99M
Net debt 1925.52M 590.32M 1490.88M 1589.06M 1682.44M
Short term debt 173.23M - 135.85M 131.36M 118.64M
Short long term debt 21.84M - - - -
Short long term debt total 2253.19M - 1832.26M 1961.77M 1902.93M
Other stockholder equity - - - -3433.18M -3194.15M
Property plant equipment - - - 1586.30M 1492.92M
Total current assets 3576.25M 3269.06M 3207.03M 3219.06M 3123.12M
Long term investments 17.04M 20.37M 22.98M 25.42M 21.33M
Net tangible assets - - - 1604.54M 1414.53M
Net receivables 1477.35M 1336.47M 1337.79M 1312.54M 1344.46M
Long term debt 1049.56M 865.73M 859.32M 1097.49M 1090.09M
Inventory 1718.07M 1617.17M 1496.35M 1504.89M 1528.41M
Accounts payable 1112.03M 923.30M 874.85M 785.99M 853.97M
Accumulated other comprehensive income -211.13M - 193.34M 192.29M 126.77M
Non currrent assets other - - -0.00M - -
Non current assets total 4098.35M 4148.39M 3887.84M 3705.23M 3484.46M
Capital lease obligations 1181.80M 1105.49M 972.94M 864.28M 812.84M
Long term debt total - - - 1830.41M 1784.28M
Breakdown 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Type yearly yearly yearly yearly yearly
Date 2026-06-30 2025-06-30 2024-06-30 2023-06-30 2022-06-30
Investments - -342.50M -243.96M -309.52M -280.98M
Change to liabilities - - - -91.10M 133.44M
Total cashflows from investing activities -156.99M -342.50M -243.96M -309.52M -280.98M
Net borrowings 253.37M -3.01M -239.18M -153.26M -448.70M
Total cash from financing activities -432.53M -323.53M -538.80M -307.12M -574.66M
Change to operating activities - - - 6.63M 14.46M
Net income 308.15M 316.94M 419.17M 387.61M 392.49M
Change in cash 52.26M -65.97M -31.33M 152.22M -608.48M
Begin period cash flow 275.41M 341.38M 372.71M 220.48M 828.97M
End period cash flow 327.67M 275.41M 341.38M 372.71M 220.48M
Total cash from operating activities 645.17M 599.78M 750.90M 766.38M 221.79M
Depreciation 367.24M - 325.41M 281.83M 255.98M
Other cashflows from investing activities - -7.47M -5.75M -132.04M -80.88M
Dividends paid 110.08M -156.65M -161.50M 148.58M 125.97M
Change to inventory -142.94M -87.33M 7.86M 86.15M -319.09M
Change to account receivables -189.14M 28.68M -35.28M 48.60M -256.09M
Sale purchase of stock -400.69M -22.55M - -5.28M -
Other cashflows from financing activities -175.14M -141.31M -138.13M -128.54M 969.69M
Change to netincome - - - 30.73M -170.70M
Capital expenditures 162.68M 258.38M 236.31M 177.48M 200.11M
Change in working capital -73.22M -73.96M 4.57M 134.75M -575.18M
Stock based compensation - - - 3.19M 1.58M
Other non cash items 43.00M 673.75M 6.32M 96.94M -426.69M
Free cash flow 482.49M 341.40M 492.93M 588.90M 21.68M

Peer Comparison*

Sector: Industrials Industry: Industrial Distribution

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
REH
Reece Ltd		 -0.59
3.11%		 18.38 37.94 35.59 1.24 2.98 1.39 15.38
SGI
Stealth Group Holdings Ltd		 -
-%		 1.23 30.25 - 1.24 3.44 1.48 14.72
CYG
Coventry Group Ltd		 -
-%		 0.37 - 13.85 0.14 0.49 0.54 17.92
SRH
Saferoads Holdings Ltd		 -
-%		 0.10 5.00 - 0.35 0.82 0.31 3.02

Profile*

Reece Ltd

Reece Limited engages in the distribution of plumbing, waterworks, heating, ventilation, air-conditioning, and refrigeration products to commercial and residential customers in Australia, New Zealand, and the United States. The company offers bathroom products, such as tapware and accessories, vanities and furniture, showers, toilets, basins, bathroom appliances, and baths and spas; kitchen and laundry products, including tapware, sinks and troughs, accessories, commercial kitchen and laundry tapware, and kitchen appliances; and heating and cooling products comprising heating and cooling units, ducted air conditioning, split system air conditioning, evaporative cooling, gas ducted heating, and multi split air conditioning. It also provides hot water systems; pool and spa care equipment; garden products, which include irrigation, landscape, garden lighting, and lawn care; and civil products, such as pipe and fittings, valves, sewer and drainage, electrical pipe and fittings, and water tanks. The company serves customers in the trade, retail, commercial, and infrastructure markets. The company was formerly known as Reece Australia Limited and changed its name to Reece Limited in November 2015. Reece Limited was founded in 1920 and is based in Cremorne, Australia.

57 Balmain Street, Cremorne, VIC, Australia, 3121

61 3 9274 0000

https://www.reece.com.au

9000

Name Title Year Born
Mr. Peter J. Wilson CEO, MD & Exec. Director 1968
Mr. Andrew Cowlishaw Group Chief Financial Officer NA
Mr. Leslie Alan Wilson Exec. Director 1941
Sasha Nikolic Chief Exec. Officer of United States NA
Mr. Marius Vermeulen CEO of Australia & New Zealand NA
Mr. Claude A. Swanson Hornsby III Exec. Chair of United States 1956
Ms. Chantelle Duffy Company Sec. NA
Mr. Peter J. Wilson B.Comm (Melb), FAIM CEO, MD & Deputy Executive Chair 1968
Mr. Leslie Alan Wilson Executive Director 1941
Mr. Sasha Nikolic Chief Executive Officer of United States NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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