Domain Holdings Australia Limited (DHG)
BUY

DHG - Stock Update

 4 May 2022
Sector: Communication Services

Company Overview – DHG. ASX Presentation

Domain Holdings Australia (DHG) released a presentation earlier this week for the 2022 Macquarie conference. The key information from this presentation was that:

  • Residential depth revenue was +31% in 3Q22.
  • Overall digital revenue was +25% in 3Q22
  • Controllable yield (price and depth) was +13%
  • Guidance remains unchanged from what was provided in February 2022. This excludes the impact of JobKeeper and Zipline expenses.

Overall, the presentation supports the investment thesis discussed within the most recent Sandstone research report and reinforces our BUY rating.

View the latest Research Report

Company overview

Domain Holdings is an online and print real estate advertising business. It has adjacent businesses in home loans, insurance, and solutions for real estate agents.

Domain’s Q3 report as well as the presentation provided earlier this week displayed that listings growth and digital revenue are still in a relatively healthy position. Therefore, underpinning our investment thesis of a BUY rating.

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