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Seek LimitedSEK.AXCompetitor analysis, valuation and peers

Australia · AUD·Information Technology›Internet Software/Services

Operates SEEK, the leading online employment marketplace in Australia and New Zealand, plus Asian job-site investments.

≈ Australia's Indeed / ZipRecruiterMomentum strong 67
Mkt cap
$3.59B
US dollars, full cap
Free float
96%
of shares outstanding
$/day
$15.7M
20-day average traded
Fwd P/E
25.8×
forward earnings
ROIC−WACC
-4.5 pp
WACC 11.2%
Hurdle
+7 pp
Req g minus delivered
Next earnings
108 days
22 Feb 2027
Close · AUDA$14.53
1D-0.3%
1W+7.0%
1M+18.9%
3M-9.6%
6M+7.9%
YTD-37.1%
1Y-43.9%
ATR %3.1%
52w lowhigh45.0% off high

What Seek does

Operates SEEK, the leading online employment marketplace in Australia and New Zealand, plus Asian job-site investments.

Employers pay per job advertisement, with premium listings priced higher, so revenue depends on the number of ads and the average price per ad; candidates use it free. It also owns the Asian operations, under the Jobstreet and Jobsdb brands, and sells hiring tools to employers.

In one line: Australia's Indeed / ZipRecruiter.

Products and services

  • SEEK job ads (ANZ)
  • SEEK Asia stake
  • Hiring/HR software tools

Customers

  • Employers and recruiters
  • Job seekers

Where it sits in the supply chain

  • Online classifieds
  • Employment marketplace
  • Job ads & hiring software

What could go right

  • ANZ hiring/ad-volume recovery
  • Asian job-market growth

What could go wrong

  • Hiring downturns cut ad volumes
  • Free/AI job-search disintermediation

Moat: wide (network effects, brand, scale). Two-sided marketplace with dominant ANZ audience share is hard for new entrants to replicate.

Headquarters: Melbourne, Australia · Founded: 1997 · Employees: 3,091

Named competitors

Seek at a glance

Size Seek (SEK.AX) is an Australia Information Technology company (Internet Software/Services) with a market value of $3.59B, the 87th largest of 316 Australia companies the cockpit tracks. Shares closed at A$14.53 on 6 Nov 2026.

Performance Over six months the shares gained 7.9%, against -3.1% for the median peer and +4.1% for the Australia market (cap-weighted) — 8th highest of 20 in its peer set.

Growth Revenue grew 17.1% over the last twelve months (peer median +6.8%); the operating margin is 23.8% (peer median 11.5%).

Valuation It trades at 25.8× forward earnings against a peer median of 32.1× (8th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 4.5 points below its cost of capital (11.2% WACC).

Next results Next results expected around 22 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026SEK.AX 110Peer median 101
Six months, rebased to 100: Seek against the median of its 20 peers (local-currency closes).

Seek financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$1.28BA$1.28BA$1.10BA$1.08BA$1.16B
Revenue growth—+17%+1%-6%—
Gross profitA$571MA$571MA$502MA$542MA$647M
EBITDAA$468MA$471MA$408MA$413MA$484M
Net income-A$371M-A$371MA$245M-A$101MA$1.05B
Free cash flowA$396MA$396MA$477MA$316MA$364M
Capital expenditureA$157MA$157MA$135MA$169MA$179M
Total debtn/aA$1.26BA$1.26BA$1.41BA$1.50B

Quarterly statements and history in the cockpit →

Seek competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%+100%0%+25%+50%SMGCRISILPPLIAG1POLICYBZR603000ABSLAMCVENDDAOBRZERMVAUTOG24TBOTEKZDSEK.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Seek is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%0×100×200×300×SMGCRISILPPLIAG1POLICYBZR603000ABSLAMCVENDDAOBRZE300253TBOTEKZDSEK.AXRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Seek is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%SMGPPLI603000VENDDAOBRZERMV300253AUTOMBGL603888CARZDSEK.AXGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Seek is the large dot.

Seek competitors and peer comparison

Head to head with its named competitors (SEK.AX vs 6098.T vs MSFT vs ZIP)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Seek SEK.AX$3.59B+8%+17%24%25.8×17.7%
Recruit 6098.T$149B+133%+9%20%30.3×22.0%
Microsoft MSFT$3.94T+28%+18%47%25.5×17.2%
ZipRecruiter ZIP$309M+4%0%0%n/a45.4%

How Seek compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Seek against its 20 peers (data as of 6 Nov 2026)
MeasureSEK.AXPeer medianRank in peer set
1-month return+18.9%+5.7%5th highest of 21
6-month return+7.9%-3.1%8th highest of 20
Distance from 52-week high-45.0%-26.3%5th lowest of 21
Revenue growth (TTM)+17.1%+6.8%6th highest of 21
Operating margin23.8%11.5%10th highest of 21
Forward P/E25.8×32.1×8th cheapest of 19
Growth the price implies (Req g, 7 yrs)17.7%15.3%8th least demanding of 15
Growth delivered (Del g)+11.1%+10.8%8th highest of 15
Hurdle (Req g minus delivered)+6.7 pp-2.4 pp7th most demanding of 15
ROIC minus cost of capital-4.5 pp-0.8 pp6th lowest of 15
EV / EBITDA13.4×17.1×5th cheapest of 11
Net debt / EBITDA2.4×0.6×2nd most indebted of 12

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Seek SEK.AXAustralia$3.59B+8%+17%24%25.8×17.7%+11.1%
SMG Swiss Marketplace SMG.SWSwitzerland$3.77B+7%+13%35%23.9×5.8%+12.4%
Crisil CRISIL.NSIndia$3.40B+6%+24%26%35.0×n/an/a
People PPLIUnited States$3.16B-4%-29%2%38.9×36.5%-2.8%
AUTO1 AG1.DEGermany$4.34B-14%+21%1%29.2×n/an/a
PB Fintech POLICYBZR.NSIndia$4.74B-43%+37%7%41.0×n/an/a
People.cn 603000.SSChina$2.69B-15%0%12%77.2×28.6%-0.4%
Aditya Birla Sun Life Amc ABSLAMC.NSIndia$2.68B-19%+4%60%23.9×n/an/a
Vend Marketplaces VEND.OLNorway$5.11B-4%-14%29%35.2×10.7%-13.2%
Youdao, Inc. Sponsored ADR DAOUnited States$2.50B+59%+10%4%59.4×33.6%+17.6%
Shanghai Great Wisdom 601519.SSChina$2.49B-18%+6%-8%n/an/an/a
Braze BRZEUnited States$5.20B+111%+27%-13%57.1×27.9%+37.5%
Rightmove RMV.LUnited Kingdom$5.38B+35%+7%66%18.1×11.6%+15.6%
Winning Health Technology 300253.SZChina$2.31B-19%+6%-20%351.5×18.9%-1.4%
Autotrader AUTO.LUnited Kingdom$5.68B+12%+4%62%14.3×-0.7%+18.9%
Mobility Global MBGLUnited States$5.79Bn/a+8%51%13.2×-6.0%+8.5%
XinhuaNet 603888.SSChina$1.89B-7%-1%8%n/a22.6%+9.3%
CAR CAR.AXAustralia$6.85B-3%+6%38%28.5×21.8%+24.0%
Scout24 G24.DEGermany$6.99B+19%+16%49%22.3×10.3%+12.9%
TBO Tek TBOTEK.NSIndia$1.80B+24%+74%11%41.6×n/an/a
Ziff Davis ZDUnited States$1.70B+21%-8%10%8.9×-10.6%+4.6%

Questions

Who are Seek's main competitors?
Named competitors: Indeed (Recruit Holdings) (6098.T), LinkedIn (Microsoft) (MSFT), ZipRecruiter (ZIP), Jora (private or unlisted). The cockpit's measured peer set (industry) also includes SMG Swiss Marketplace (SMG.SW), Crisil (CRISIL.NS), People (PPLI), AUTO1 (AG1.DE), PB Fintech (POLICYBZR.NS), People.cn (603000.SS).
Is Seek expensive compared with its peers?
On forward p/e it trades at 25.8× against a peer median of 32.1×, 8th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +7 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Seek stock performed?
Over six months to 6 Nov 2026 the shares returned +7.9% against -3.1% for the median peer; over one year -43.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.