Professional
Added to YB: 2024-11-19
Pitch date: 2024-09-30
RMV.L [bullish]
Rightmove plc
-12.67%
current return
Author Info
No bio for this author
Company Info
Rightmove plc, together with its subsidiaries, operates digital property advertising and information portal in the United Kingdom and internationally.
Market Cap
GBP 4.3B
Pitch Price
GBP 6.11
Price Target
N/A
Dividend
1.80%
EV/EBITDA
15.40
P/E
21.68
EV/Sales
10.53
Sector
Interactive Media and Services
Category
growth
L1 Capital Long Short Fund Portfolio Holding: Rightmove plc
RMV.L: UK's dominant real estate portal (80%+ traffic/leads). Double-digit earnings growth potential from core & adjacent offerings. Trades at <20x earnings, attractive vs peers. REA Group's failed takeover bid (+40% premium) highlights value. 2025 P/E <22x, significant discount to global peers. Well-positioned for UK housing market improvement.
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