Added to YB: 2025-05-29
Pitch date: 2025-05-27
RMV.L [bullish]
Rightmove plc
-29.7%
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 7.50
Price Target
10.00 (+87%)
Dividend
1.80%
EV/EBITDA
15.40
P/E
21.68
EV/Sales
10.53
Sector
Interactive Media and Services
Category
value
One of the Best Businesses Ever Conceived: Rightmove
RMV.L: Dominant UK property portal w/ 85% market share, 70% EBIT margins, 460% ROIC. Monopolistic position despite challenges from Zoopla/CoStar's OnTheMarket. Subscription model (£20k/agency) insulates from transaction volume swings. 10% revenue growth, consistent buybacks. Undervalued at ~19x FCF vs peers at 44-56x. Buy with 33% upside.
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