Added to YB: 2026-04-23
Pitch date: 2026-04-21
RMV.L [bullish]
Rightmove plc
-0.09%
current return
Author Info
No bio for this author
Company Info
Rightmove plc, together with its subsidiaries, operates property portal in the United Kingdom and internationally.
Market Cap
GBP 3.4B
Pitch Price
GBP 4.46
Price Target
8.05 (+80%)
Dividend
2.35%
EV/EBITDA
11.54
P/E
16.20
EV/Sales
7.94
Sector
Interactive Media and Services
Category
value
Rightmove (LON: RMV) The UK’s Property Portal Monopoly at a Historic Valuation Low
RMV.L: UK's dominant property portal (89% market share) at 16x P/E vs historic 25-40x. 70% op margin, 51% net margin, 107% cash conversion. Rev +9% to £425M, EPS +11% to 29.1p. 2026 guide: 8-10% rev growth, 3-5% op profit (investment year). AI investment drove 45% drawdown - opportunity, not risk. REA rejected £5.6B bid at 705p (now 455p, 35% discount). 90%+ agent retention, unbreakable 2-sided network. Fair PE 23x on '28 EPS 35p = 805p target, 26% IRR + 2.4% yield. Catalysts: M&A, UK re-rating, housing recovery, AI monetization.
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