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Domain Holdings Australia Ltd Ordinary Shares DHG

Rating as of

Morningstar’s Analysis

Valuation
Currency in AUD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Volatility To Accelerate in Real Estate Market in 2022, but Long-Term Outlook for Domain Unchanged

Analyst Note

| Gareth James, CFA |

We maintain our fair value estimate for narrow-moat Domain Holdings at AUD 3.80 per share, as we expect the buoyant real estate market conditions of last year to soften in 2022 and ultimately be unsustainable longer-term.

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Company Profile

Business Description

Domain is an Australian real estate services business that owns real estate listings websites and print magazines, and provides real estate-related services. Domain was formed as a home and lifestyle section of newspapers owned by Fairfax Media Limited (ASX:FXJ) in 1996, and an associated residential real estate website, www.domain.com.au, was launched in 1999. Domain’s real estate listings website has grown to become its core business and the second-largest residential real estate website in Australia, after REA Group's (ASX:REA) owned www.realestate.com.au. Newscorp (ASX:NWS) owns 60% of REA Group.

Contact
100 Harris Street, Level 5
Pyrmont, NSW, 2009, Australia
T +61 292543222
Sector Communication Services
Industry Internet Content & Information
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 786