OneRoof could be half the value in NZME: ForBarr

Real estate listings site OneRoof underpinned NZME’s 2024 result. (Image: Bayleys for OneRoof)

Fri, 28 Feb 2025

Analysts at investment house Forsyth Barr suggest NZME’s residential property marketing business, OneRoof, could represent half the value of the company’s current market capitalisation, if multiples applied to a similar business in Australia were applied.A takeover bid for Domain, an Australian real estate site, had recently been pitched at about 17 times earnings before interest, tax, depreciation and amortisation (ebitda).“Applying that multiple to our OneRoof FY26 ebitda forecast implies an EV (enterprise value) of around h...

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