Seek Ltd

SEK: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Seek Earnings: Unchanged Guidance and No Change to Our Forecast

Roy Van Keulen

Nov 19, 2024

We maintain our AUD 20 per share fair value estimate for narrow-moat Seek following the company’s trading update, provided at its AGM. The company affirmed its fiscal 2025 guidance for revenue, EBITDA, and adjusted net profit after tax, but narrowed its cost guidance. The guidance is in line with our forecasts, of essentially little growth from fiscal 2024, meaning we leave our forecasts unchanged. Shares continue to screen as overvalued.

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Seek Ltd

Seek Earnings: Unchanged Guidance and No Change to Our Forecast

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