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Rightmove

Current Price 513.20p Bid 512.60p Ask 513.60p Change -2.02%
Last Updated: 25/04/2024 03:43. Prices delayed by at least 15 minutes.
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Company Overview

Founded by three of the UK's largest estate agency chains - Halifax, Countrywide & Connells - Rightmove is a property internet portal. Over half of all UK estate agents advertise their properties on the website, enabling users to see homes for sale or for letting all over the UK. The company floated with plans to specialise in producing Home Information Packs but this has since been dropped after a government u-turn on the idea.

Financial Highlights Year Ended 31/12/2023

Revenue
£364.32m
Operating Profit/Loss
£258.03m
Dividend yield (%)
1.60
Total dividend for year
n/ap
Dividend cover
2.71
P/E Ratio
22.90
More Financials

Key Personnel

Ms Alison Dolan
Chief Financial Officer
Mr Johan Svanström
Executive Director
Mr Andrew Fisher
Non-Executive Chairman
Mr Amit Tiwari
Non-Executive Director
Mr Andrew Findlay
Non-Executive Director
Mr Kriti Sharma
Non-Executive Director
Ms Lorna Tilbian
Non-Executive Director
Mrs Jacqueline de Rojas
Senior Independent Director

Stock Details

EPIC
RMVL
ISIN
GB00B2987V85
Shares in Issue
95.31m
Market cap
£489.13m

Price Summary

Mid Price
513.20p
Bid Price
512.60p
Ask Price
513.60p
Volume
641,109
Change Today
-10.60p
% Change Today
-2.02%
Open
526.10p
Previous Close
513.20p
Intraday High
526.10p
Intraday Low
512.50p
52 Week High
595.00p
52 Week Low
463.00p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

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News

Income Statement

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Continuing Operations
Revenue
364.32
332.62
Operating Profit/Loss
258.03
241.34
Net Interest
1.74
-0.06
Pre-Tax Profit
259.77
241.28
Profit After Tax from continuing operations
199.15
195.68
Discontinued Operations
Profit After Tax
n/a
n/a
Profit/Loss for the Year
199.15
195.68
Attributable to:
Equity Holders of Parent Company
199.15
195.68
Minority Interests
n/a
n/a
Total Dividend Paid
n/ap
n/ap
Retained Profit/(Loss) for the Financial Year
n/a
n/a

Earnings per Share

Year End Date
31 Dec 2023
31 Dec 2022
Basic
24.50p
23.40p
Diluted
24.40p
23.40p
Adjusted
25.20p
23.80p
Dividend per Share
n/ap
n/ap

Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Non-Current Assets
Property, Plant & Equipment
9.38
10.43
Intangible Assets
21.84
22.07
Investment Properties
n/a
n/a
Investments
n/a
n/a
Other Financial Assets
n/a
n/a
Other Non-Current Assets
2.38
1.46
Current Assets
Inventories
n/a
n/a
Trade & Other Receivables
31.64
27.21
Cash at Bank & In Hand
33.64
35.09
Current Asset Investments
n/a
n/a
Other Current Assets
5.98
5.50
Other Assets
n/a
n/a
Total Assets
104.87
101.76

Liabilities

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Current Liabilities
Borrowings
2.29
2.33
Other Current Liabilities
27.27
23.20
Total Current Liabilities
29.56
25.53
Non-Current Liabilities
Borrowings
5.11
7.24
Provisions
0.84
0.83
Other Non-Current Liabilities
n/a
n/a
Total Non-Current Liabilities
5.95
8.07
Other Liabilities
n/a
n/a
Total Liabilities
35.52
33.60

Net Assets

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Net Assets
69.36
68.16

Capital & Reserves

Year End Date
31 Dec 2023
31 Dec 2022
 
£ (M)
£ (M)
Share Capital
0.81
0.84
Share Premium Account
n/a
n/a
Other Reserves
0.62
0.59
Retained Earnings
67.92
66.73
Shareholders Funds
69.36
68.16
Minority Interests/Other Equity
n/a
n/a
Total Equity
69.36
68.16

Dividend History

Dividend Metrics

Year End Date
31 Dec 2023
31 Dec 2022
Dividend growth
9.41%
8.97%
Dividend yield
1.60%
1.70%
Dividend cover
2.71
2.80


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