Domain Holdings Australia Ltd Ordinary Shares
DHG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$5.50 | Vvhpmxv | Byqft |
Domain Looking Increasingly Overvalued as Real Estate Bubbles
Business Strategy and Outlook
Domain offers exposure to favourable trends in the Australian real estate market, but with relatively low exposure to real estate price risk in the long term. The company has generated strong revenue growth in recent years, boosted by an increase in agents using its website, listings, premium listings, and acquisitions. However, we don't expect similar growth from these factors in future, as we believe Domain now has near saturation of available agents and listings, and we don't forecast further acquisitions.