Reece (REH.AX) Stock Price
Reece Price
Over the last 20 years Reece grew revenue by 11.5% annually, reaching 8.98 B AUD. Earnings per share have grown at 6.1% per year over the last 20 years. For Reece, the net margin of 3.5% is down versus 4.6% a few years ago. At today's price the dividend yield works out to roughly 1.57%. The payout ratio is around 53% of earnings. The dividend has grown at 4.5% per year over the past 20 years. The consensus 12-month price target for Reece is 12.99 AUD, about 22.0% below where the stock trades today. Of 20 analysts, 2 rate the stock a buy — an overall Hold consensus. The stock trades about 67% above its 52-week low.
Reece stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Reece over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Reece stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Reece's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Reece Price |
|---|---|
| 9/7/2026 | 16.67 AUD |
| 9/4/2026 | 16.26 AUD |
| 9/3/2026 | 16.17 AUD |
| 9/2/2026 | 16.03 AUD |
| 9/1/2026 | 16.60 AUD |
| 8/31/2026 | 16.68 AUD |
| 8/28/2026 | 16.46 AUD |
| 8/27/2026 | 16.58 AUD |
| 8/26/2026 | 16.81 AUD |
| 8/25/2026 | 16.59 AUD |
| 8/24/2026 | 16.35 AUD |
| 8/21/2026 | 16.70 AUD |
| 8/20/2026 | 17.18 AUD |
| 8/19/2026 | 17.25 AUD |
| 8/18/2026 | 17.25 AUD |
| 8/17/2026 | 17.22 AUD |
| 8/14/2026 | 17.24 AUD |
| 8/13/2026 | 17.14 AUD |
| 8/12/2026 | 17.49 AUD |
| 8/11/2026 | 17.22 AUD |
| 8/10/2026 | 17.12 AUD |
| 8/7/2026 | 17.30 AUD |
| 8/6/2026 | 17.06 AUD |
| 8/5/2026 | 17.00 AUD |
| 8/4/2026 | 16.76 AUD |
| 8/3/2026 | 16.12 AUD |
| 7/31/2026 | 16.09 AUD |
| 7/30/2026 | 16.09 AUD |
| 7/29/2026 | 16.33 AUD |
| 7/28/2026 | 16.28 AUD |
Reece Revenue, EBIT, Net Income
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Reece Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB AUD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB AUD |
| EBITM AUD |
| EBIT MARGIN% |
| NET INCOMEB AUD |
| NET INCOME GROWTH% |
| DIVIDENDDIV.AUD |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e | 2029e | 2030e | 2031e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.28 | 2.43 | 2.69 | 5.47 | 6.01 | 6.27 | 7.66 | 8.84 | 9.11 | 8.98 | 9.28 | 9.70 | 10.32 | 10.98 | 12.07 | 11.48 |
| 9.16 | 6.72 | 10.75 | 103.16 | 10.01 | 4.34 | 22.06 | 15.44 | 3.01 | -1.39 | 3.33 | 4.51 | 6.45 | 6.43 | 9.86 | -4.88 |
| 33.30 | 33.35 | 33.12 | 28.16 | 27.83 | 28.12 | 27.97 | 28.35 | 28.62 | 28.49 | 28.49 | 28.49 | 28.49 | 28.49 | 28.49 | 28.49 |
| 0.76 | 0.81 | 0.89 | 1.54 | 1.67 | 1.76 | 2.14 | 2.51 | 2.61 | 2.56 | 2.64 | 2.76 | 2.94 | 3.13 | 3.44 | 3.27 |
| 283.00 | 307.00 | 323.00 | 379.00 | 412.00 | 484.00 | 570.00 | 678.00 | 674.00 | 548.00 | 519.00 | 559.00 | 639.00 | 731.00 | 808.00 | – |
| 12.43 | 12.64 | 12.01 | 6.94 | 6.85 | 7.72 | 7.44 | 7.67 | 7.40 | 6.10 | 5.59 | 5.77 | 6.19 | 6.66 | 6.70 | – |
| 0.19 | 0.21 | 0.22 | 0.20 | 0.23 | 0.29 | 0.39 | 0.39 | 0.42 | 0.32 | 0.56 | 0.65 | 0.75 | 0.86 | 0.99 | 1.07 |
| 16.36 | 9.90 | 6.16 | -9.82 | 12.87 | 25.00 | 37.54 | -1.28 | 8.27 | -24.58 | 78.48 | 15.07 | 16.18 | 14.32 | 15.20 | 7.45 |
| 0.26 | 0.29 | 0.29 | 0.29 | 0.17 | 0.26 | 0.32 | 0.36 | 0.37 | 0.26 | 0.22 | 0.24 | 0.25 | – | – | – |
| 18.18 | 11.54 | – | – | -41.38 | 52.94 | 23.08 | 12.50 | 2.78 | -29.73 | -15.38 | 9.09 | 4.17 | – | – | – |
| 506.94 | 506.94 | 506.63 | 564.49 | 574.12 | 645.98 | 645.98 | 645.72 | 645.72 | 644.18 | 644.18 | 644.18 | 644.18 | 644.18 | 644.18 | 644.18 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Reece generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Reece retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Reece's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Reece has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Reece's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Reece stock margins
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Reece Stock Revenue, EBIT, Earnings per Share
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Reece business model & stock analysis
Reece SWOT Analysis
Strengths
Reece Ltd has a strong market presence and brand reputation in the plumbing and bathroom supplies industry. It operates a large network of stores, both physical and online, providing convenience and accessibility to customers.
The company has a wide product range, offering a diverse selection of plumbing and bathroom products. This allows Reece Ltd to cater to different customer needs and preferences, enhancing customer satisfaction and loyalty.
Reece Ltd has established strong relationships with suppliers, ensuring a reliable and consistent supply of quality products. This strategic partnership gives the company a competitive edge and enables it to maintain a strong market position.
Weaknesses
One of the weaknesses of Reece Ltd is the dependence on the construction industry. Fluctuations in the construction sector can directly impact the company's sales and profitability. This exposure to market volatility poses a risk to the business.
The company may also face logistical challenges in managing its large network of stores and ensuring efficient inventory management. Inefficient distribution and inventory practices can lead to increased costs and delays in product availability.
Reece Ltd might face challenges in penetrating international markets due to regulatory complexities, cultural differences, and intense competition. Expanding and sustaining its operations overseas require careful planning and adaptation to local market conditions.
Opportunities
Reece Ltd can capitalize on the growing demand for sustainable and eco-friendly plumbing and bathroom solutions. By offering a wide range of environmentally friendly products and promoting sustainable practices, the company can attract environmentally conscious customers and gain a competitive advantage in the market.
The increasing trend of home renovations and remodeling projects presents an opportunity for Reece Ltd to expand its customer base. By providing comprehensive solutions and expert advice, the company can position itself as a trusted partner for residential renovation projects.
Digital transformation and e-commerce advancements offer Reece Ltd the opportunity to strengthen its online presence and enhance its digital customer experience. Investing in technology and digital marketing can help the company reach a wider audience and increase sales through online channels.
Threats
Reece Ltd faces intense competition from both local and international players in the plumbing and bathroom supplies industry. Competitors with similar product offerings and competitive pricing can pose a threat to the company's market share and profitability.
Economic downturns and fluctuations in the housing market can impact consumer spending on home improvement and construction projects. Reduced consumer confidence and purchasing power can negatively affect Reece Ltd's sales and revenue.
Changes in government policies or regulations related to the construction industry, environmental standards, or import/export can create challenges for Reece Ltd. Compliance with new regulations and adapting to changing business environments can require significant resources and may impact the company's operations and profitability.
Reece Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Reece historical P/E ratio, EBIT multiple, and P/S ratio
Reece annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Reece shares outstanding
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Reece stock splits
Reece Dividend History
37 years of dividend payments
Reece dividend history and estimates
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Reece dividend payout ratio
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Current Reece forecasts and price targets in September 2026
Analyst Price Targets 2026Reece Earnings Calls
Reece Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 2/20/2024 | 0.29AUD | - | 4.56 BAUD | - | 2024 Q2 |
EESG©
Eulerpool ESG Scorecard© for the Reece stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.
Reece shareholder structure
| % | Name |
|---|---|
0.58777% | |
0.33194% | |
0.31106% | |
0.18912% | |
0.13475% | |
0.13385% |
Reece Beneficial Ownership Filings (SEC 13D/G)
Reece Executives and Management Board
13 members · avg. age 52 · 23 % women
Mr. Peter Wilson
Executive Chairman of the Board, Group Chief Executive Officer · since 1997
8.66 M AUD
Management
Mr. Sasha Nikolic
Group President, Managing Director, Executive Director · since 2016
Mr. Andrew Young
Chief Financial Officer
Mr. James Healy
Chief Executive Officer - Reece USA
Ms. Chantelle Duffy
Company Secretary
Board of Directors
Mr. Claude Hornsby
Executive Chairman - United States
Mr. Gavin Street (52)
Non-Executive Independent Director · since 2008
Mr. Leslie Wilson
Chairman Emeritus · since 1969
Ms. Megan Quinn
Non-Executive Independent Director
Mr. Andrew Wilson
Non-Executive Director
Mr. Bruce Wilson
Non-Executive Director
Reece Supply Chain
Reece Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.91 | 0.69 | 0.91 | ||
| 2 | 0.95 | 0.79 | 0.90 | ||
| 3 | 0.90 | 0.47 | 0.85 | ||
| 4 | 0.91 | 0.52 | 0.84 | ||
| 5 | 0.92 | 0.65 | 0.83 |
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.90 | 0.65 | -0.06 |
Frequently asked questions about Reece
Reece Ltd is a leading plumbing and bathroom supplies company based in Australia. The business model of Reece Ltd revolves around providing a comprehensive range of plumbing, bathroom, and HVAC-R products to both trade professionals and retail customers. With a vast distribution network and a strong market presence, Reece Ltd offers high-quality products, exceptional customer service, and tailored solutions for various projects. By continuously investing in technology and expanding its product offering, Reece Ltd aims to meet the evolving needs of the plumbing and construction industry. Their commitment to excellence and customer satisfaction has established Reece Ltd as a trusted name in the market.
Reece Ltd primarily operates in the plumbing and bathroom supplies industry.
The main competitors of Reece Ltd in the market include companies like Bunnings, Tradelink, and Reece Plumbing. These competitors operate in the same industry and offer similar products and services. Reece Ltd competes with Bunnings, a leading home improvement retailer, which also provides plumbing and bathroom supplies. Tradelink and Reece Plumbing are other prominent competitors in the plumbing and bathroom products sector. Despite facing competition, Reece Ltd has established its market presence and stands as a key player in the industry, delivering quality products and exceptional customer service.
Reece Ltd, founded in 1920, is a renowned Australian-based company specializing in the distribution of plumbing, bathroom, and HVAC-R products. With a rich history spanning over a century, Reece Ltd began as a small Melbourne plumbing business and gradually expanded its operations, becoming the largest supplier in Australia and New Zealand. Over the years, the company has diversified its product range and developed a strong presence in the market, forging partnerships with leading global brands. Reece Ltd's commitment to quality, innovation, and customer satisfaction has contributed to its ongoing success and recognition as a trusted provider of plumbing solutions in the industry.
Reece Ltd, a leading company in the plumbing supplies industry, has achieved several significant milestones. Over the years, Reece Ltd has successfully expanded its operations nationwide, establishing a vast network of branches and distribution centers across Australia. They have also implemented cutting-edge technology solutions, enhancing their efficiency and customer service. Another notable achievement is their strong focus on sustainability, with Reece Ltd being recognized for their efforts in reducing their environmental impact. Additionally, Reece Ltd has consistently delivered strong financial performance, surpassing market expectations and maintaining a solid reputation within the industry. These milestones demonstrate Reece Ltd's commitment to growth, innovation, and sustainability.
Reece Ltd is primarily present in Australia and New Zealand.
Reece Ltd represents a strong commitment to excellence, customer satisfaction, and innovation. With a focus on delivering high-quality products and exceptional service, Reece Ltd strives to meet the needs and exceed the expectations of its customers. The company's corporate philosophy revolves around integrity, teamwork, and continuous improvement. By promoting a culture of integrity, Reece Ltd aims to build trust among its stakeholders. Through effective teamwork, the company fosters collaboration and a supportive environment. Moreover, Reece Ltd consistently seeks opportunities for growth and innovation to stay ahead in the competitive market. Overall, Reece Ltd embodies values of excellence, customer-centricity, integrity, teamwork, and innovation.
Analysts currently set an average price target of 13.37 AUD for the Reece stock (median: 12.99 AUD), implying -19.8 % versus the latest price. The consensus is based on 20 analyst ratings.
20 analysts currently rate the Reece stock: 2 recommend buying, 12 holding and 6 selling. For 2026, analysts expect Reece to generate revenue of 9.28 B AUD and earnings per share of 0.88 AUD.
Converted at the current exchange rate, the Reece share trades at 10.35 EUR (16.67 AUD).
The Reece share (REH.AX) is listed on 2 stock exchanges, including: ASX (REH.AX).
Reece Ltd is an Australian company that was founded in 1905 and specializes in the manufacturing and sale of sports equipment. With its headquarters in Melbourne, Reece offers a comprehensive range of sports products in different categories. The hockey division of Reece is one of the most well-known and includes the production of hockey equipment such as sticks, shin guards, gloves, and goalie clothing. Reece takes pride in offering high-quality products at an affordable price that are suitable for both beginners and experienced players. In addition, Reece provides a wide range of apparel tailored to various sports. The fitness division of Reece includes clothing and equipment for yoga, fitness, running, and cycling. Reece values quality and comfort and only uses high-quality fabrics and materials. Apart from the fitness sector, Reece is also present in the swimming sector, offering a broad range of swimming accessories and clothing. There is a large selection of swimsuits, goggles, and swim caps that are suitable for competitive athletes as well as recreational swimmers. Other products from Reece include basketball equipment such as shoes and balls, as well as rugby equipment such as guards and jerseys. Reece also has a wide range of bags and backpacks that are ideal for athletes and provide an easy and convenient way to transport their equipment. Another important aspect of Reece's business model is the sale of products online. The company operates an online shop where customers from around the world can make purchases. Reece has developed a user-friendly online platform where customers can search for, purchase, and have products delivered. Reece also has a strong presence in retail stores worldwide. The company works with a range of retailers who offer Reece's products in their stores. Reece places special emphasis on the quality of customer service and a positive customer experience. Overall, Reece offers a comprehensive business model that aims to provide high-quality sports equipment tailored to the needs and desires of customers. With a strong online presence and a strong presence in retail stores, Reece operates an effective and successful business model that excites customers worldwide.
The expected revenue of Reece is 9.28 B AUD. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Reece is 564.46 M AUD. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Reece is currently 19.02. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Reece stock.
The price-to-sales ratio (P/S) of Reece is currently 1.16. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Reece stock.
The Eulerpool Quality Score for Reece is 7/10.
The ISIN of Reece is AU000000REH4. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The ticker of Reece is REH.AX. The ticker symbol is used to trade Reece shares on the stock exchange.
Over the past 12 months, Reece paid a dividend of 0.26 AUD . This corresponds to a dividend yield of about 1.57 %. For the coming 12 months, Reece is expected to pay a dividend of 0.24 AUD.
The current dividend yield of Reece is 1.57 %.
Reece pays a dividend, distributed in the months of , , , .
Reece paid dividends every year for the past 36 years.
For the upcoming 12 months, dividends amounting to 0.24 AUD are expected. This corresponds to a dividend yield of 1.42 %.
Reece is assigned to the 'Industry' sector.
In the year 2025, Reece distributed 0.36 AUD as dividends.
The dividends of Reece are distributed in AUD.
Reece stock
Reece Peer Group
Reece Ticker
Reece FIGI
All fundamentals and in-depth analysis of Reece
Our stock analysis for Reece stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Reece. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.