Rightmove: Great Quality Monopoly Platform, But Fully Priced

2025-05-29 13:47:23 ET

Summary

• Rightmove's near-monopoly and network effects ensure strong margins and pricing power in the UK property advertising market.
• Growth opportunities exist in adjacent services like mortgages and conveyancing, but core business remains the main profit driver.
• Financials are robust with high margins and strong cash flow, but dividend yield is low due to share price appreciation.
• Despite its quality and growth potential, the current P/E of 31 leaves shares fully valued; I maintain my 'hold' rating.

Rightmove ( RTMVF ) is a strong business thanks to the property advertising platform’s near-monopolistic position in a market with clear network effects....

Read the full article on Seeking Alpha

For further details see: