REA Group Ltd

REA: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$836.00	Frh	Cxzmmpcrk

REA Group: Increased Nonbinding Offer for Rightmove; Fair Value Raised by 4%

Roy Van Keulen

Sep 23, 2024

We raise our fair value estimate for wide-moat REA Group by 4% to AUD 126 per share following an update on the proposed acquisition of Rightmove, a United Kingdom-based online marketplace for property. Our upgrade consists, in around equal parts, of a 25% probability of the acquisition taking place and the time value of money.

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