REA Group Ltd
REA: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$618.00 | Spllz | Kgsfxyps |
REA Group Earnings: A Bumper Year for Australia, but India Still Nowhere Near Profitable
We raise our fair value estimate for wide-moat REA Group by 3% to AUD 121 per share following the release of fiscal 2024 results. The company had a strong year, as expected, due to a bumper year in its Australian residential segment and decreasing losses in its India segment. At current prices, REA Group shares continue to screen as materially overvalued.