It was another fine REA result, with operating profit growth in the second-half accelerating to 31%, from 26% growth in the first half.
Of course, it warrants remembering that both halves of FY2024 have been cycling two weak corresponding periods in FY2023:
But overall a very solid result which some could argue justifies the lofty valuation of the stock.
(Or, in the glass half-full view, in order to sustain the lofty valuation, these sorts of results are very necessary and anything less would induce a de-rating of the valuation multiple).
When a stock is trading at almost 50x, everyone can write his or her own adventure.
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It was another fine REA result, with operating profit growth in...
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Last
$236.24 |
Change
-1.620(0.68%) |
Mkt cap ! $31.19B | |||
| Open | High | Low | Value | Volume |
| $237.83 | $238.18 | $235.16 | $2.857M | 12.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4 | $236.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $236.27 | 6 | 1 |
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| Last trade - 11.22am 30/07/2025 (20 minute delay) ? |
| REA (ASX) Chart |