Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
/
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Reach plc is the UK and Ireland's largest commercial news publisher, operating over 120 trusted print and digital brands. These include national titles such as the Daily Mirror, Daily Express, Daily Star, Sunday Express, Daily Record, and OK! magazine, alongside regional favorites like the Manchester Evening News, Liverpool Echo, BirminghamLive, and BelfastLive, with expanding US presence through brands like the Irish Star. Founded in 1903 with the launch of the Daily Mirror, the company evolved through key mergers—including the 1999 formation of Trinity Mirror—and rebranded to Reach plc in 2018 following the acquisition of Northern & Shell assets, marking its shift to a data-driven, multi-platform strategy. Reach plc connects with approximately 70% of the UK online population monthly, over 100 million social followers globally, and maintains strong print circulation supported by loyal older demographics. Its business model balances print sales and third-party printing with digital advertising, first-party data initiatives like Mantis for brand safety, hyperlocal platforms such as InYourArea, and diversification into video, audio, newsletters, e-commerce via Yimbly, and emerging digital subscriptions. Headquartered in London, Reach plc plays a pivotal role in delivering community-focused news across national, regional, and international audiences while adapting to digital transformation and privacy changes.
£0.57
+£0.02 (+3.48%)
EOD Jul 3, 2026
19.68% operating margin is respectable but not wide. ROIC at 12.08%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.8% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 41% versus the prior year, cash generation momentum has weakened. Net debt of £57M represents 6.8x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
£518M
▼ -3.8% YoY
Net Income (TTM)
-£132M
▼ -346.8% YoY
Op. Margin
19.68%
▲ +1.2pp YoY
ROIC
12.08%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
£8M
▼ -40.8% YoY
Op. Cash Flow (TTM)
£10M
▼ -86.9% YoY
Net Debt
£57M
Cash & Equiv.
£10M
3Y CAGR: -4.8%
3Y CAGR: +10.1%
Continue Research
Reach (RCH.XLON) trades above a two-stage DCF intrinsic value of about £0.28 per share, so at £0.57 the stock looks overvalued (50.3% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Reach scores 54/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 13.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about £0.28 per share for RCH.XLON, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around £0.21. At today's £0.57, that puts the stock about 50.3% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Reach scores 54 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 19.7% operating margin and a 12.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Reach pays a regular dividend of about £0.07 per share per year (typically in quarterly installments), a yield of roughly 13.0% at the current price. Reach has grown the dividend at roughly 1.6% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For RCH.XLON's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. RCH.XLON currently trades above its estimated intrinsic value and scores 54/100 on quality (mixed). It also yields about 13.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.