Domain Holdings Australia Ltd Ordinary Shares

DHG: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$5.60	Kjqknk	Dctcp

Domain Earnings: Bundling of Audience Boost a Potential Lift to Domain

Roy Van Keulen

May 8, 2024

We raise our fair value estimate for narrow-moat Domain by 4% to AUD 2.60 following its third-quarter trading update. The upgrade primarily reflects the time value of money. At current prices, Domain shares screen as materially overvalued and not reflective of Domain’s increasingly distant number two position behind wide-moat REA Group.

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