SEEK Limited (SEK.AX)

Valuation as at 2026-09-25 · see also the ASX 300 Most Undervalued screen

About SEEK Limited

SEEK Limited, together with its subsidiaries, provides online employment marketplace services in Australia, New Zealand, Southeast Asia, Hong Kong, the United Kingdom, Europe, and internationally. The company's job advertisement solutions include Lite ad, which is a free ad designed for non-urgent; Basic ad, which offers search visibility and candidate recommendations; Advanced ad, which offers increased search visibility and AI candidate targeting for specialized or competitive roles; and Premium ad for business-critical or time-sensitive roles. It also offers sourcing solutions, such as Talent Search, which allows hirers to search candidate database; SEEK Pass that helps candidates stand out by verifying credentials on their application and profile, as well as helping hirers assess candidates; Employer Brand Boost, which allows hirers to amplify their employee value proposition; SEEKGrad that assists employers with early-career and graduate recruitment; JobAdder, which serves as an applicant tracking system and customer management platform for recruiters and talent acquisition teams; Sidekicker that serves as a labour marketplace providing on-demand labour across hospitality, events, retail, customer service, aged care, warehousing, and logistics industries.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

SEEK Limited SEK.AX

Communication Services · Internet Content & Information

Price
$11.08
Market Cap
$3.96B
Free Cash Flow
$0.20B
Beta
0.91
P/E (TTM)
N/A
52-Week Range
$10.98–$28.82

SEEK Limited's price & financial trends

Annual reporting periods — this market does not have reliable quarterly data on Yahoo (either it isn't required, or coverage is incomplete), so annual is the most granular consistent series across free cash flow and dividends.

Data as at 2026-09-25

Share price · last 2 years

$11.08 -55% vs 2024-09
ASX 200 $24.85$23.98$24.24$23.12$12.41$11.08 2024-092025-022025-072025-122026-052026-09

Earnings per share (diluted) Per year

$0.68 +43% vs FY22
$0.48$2.87-$0.28$0.68FY22FY23FY24FY25

Free cash flow Per year

$0.25B +89% vs FY23
$0.13B$0.16B$0.20B$0.25BFY23FY24FY25FY26

Dividend per share Per year

$0.40 -11% vs FY23
$0.45$0.42$0.40FY23FY24FY25

Value investing scale · Buffett · Dalio · Graham

Poor Fit
5 / 20 combined score

5 criteria had no data

See the full Buffett, Dalio & Graham breakdown for SEK.AX →

Solvency Check

Altman Z2.41 · Grey
Piotroski F3/9 · Deteriorating
▾ Solvency Check details

Altman Z-Score combines 5 ratios into one weighted number — Z = 1.2·X1 + 1.4·X2 + 3.3·X3 + 0.6·X4 + 1.0·X5 — then bands the result: Safe Zone above 2.99, Grey Zone 1.81–2.99, Distress Zone below 1.81. Piotroski F-Score checks 9 yes/no criteria against the prior fiscal year — profitability, leverage & liquidity, and operating efficiency — 1 point each, out of 9. Both are a measurement of the underlying numbers, not a recommendation.

Altman Z-Score — inputs

X1 · Working Capital / Total Assets-0.04
X2 · Retained Earnings / Total Assets0.44
X3 · EBIT / Total Assets0.08
X4 · Market Value of Equity / Total Liabilities2.11
X5 · Sales / Total Assets0.32

Piotroski F-Score — 9 criteria

Positive return on assets-9.3%
Positive operating cash flow397,700,000
Return on assets improved year over year-9.3% vs 5.1%
Operating cash flow exceeds net income397,700,000 vs -371,300,000
Leverage decreased year over year31.5% vs 26.4%
Current ratio improved year over year0.68x vs 0.70x
No new share dilution357,001,901 vs 356,534,607
Gross margin improved year over year100.0% vs 100.0%
Asset turnover improved year over year0.32x vs 0.23x

AI Sector Correlation

AI sector (AIQ) 0.09 Low

A weak but present link to AI-sector price moves.

How it's calculated →

AI hardware (semiconductors, SMH) 0.00 None

Price moves show no meaningful link to semiconductor stocks over the trailing year.

How it's calculated →

Intrinsic value estimate · 5-year forecast

BEAR
$4.81
vs current $11.08
-56.6% ❌ Overvalued
BASE
$6.54
vs current $11.08
-40.9% ❌ Overvalued
BULL
$9.04
vs current $11.08
-18.4% ⚠️ Fairly Valued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$0.20B
Reported free cash flow (Yahoo)
Risk-free rate
5.32% ● LIVE
Live 10-yr govt bond
Beta
0.91
Floored for non-US stocks
Equity risk premium
4.20%
Market-specific seed
Cost of debt
6.97%
Synthetic rating BBB, ICR 4.4x
Tax rate
25.00%
Estimated default
Capital structure
E 76% / D 24%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth0.8%1.6%2.4%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)9.19%8.19%7.19%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 5.32% + 0.91 × 4.20% = 9.15% · WACC = weighted by 76%/24% capital structure

These numbers come from running SEEK Limited's cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or SEK.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with SEK.AX →

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-09-25 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is SEEK Limited (SEK.AX) undervalued?

The Base-case DCF estimates intrinsic value at $6.54 vs a price of $11.08 on 2026-09-25 — a -40.9% margin, so the Base case reads overvalued. This is a mechanical output, not advice.

What is "AI Sector Correlation"?

A measure of how closely this stock's daily price movements have tracked the AI sector over the trailing 12 months, after removing the effect of general stock-market movement. It is shown against two benchmarks: a broad AI-themed ETF (AIQ) and a semiconductor ETF (SMH), the hardware side of the AI boom. It answers "does this stock move with AI-sector sentiment specifically, beyond just moving with the market overall?" — not whether the company's revenue comes from AI.

How is it calculated?

We compute daily returns for the stock, the two AI ETFs (AIQ and SMH), and an equal-weight broad-market ETF over the trailing year, then calculate the partial correlation between the stock and each AI ETF while statistically controlling for the broad-market ETF. This isolates AI-specific co-movement from ordinary market-wide moves — a stock correlated with the market generally (which most large stocks are) doesn't automatically score as AI-correlated. See the full glossary entry for the formula and its limits.

What does "Inverse" mean?

A reading of -0.20 or lower. After removing general market movement, the stock has tended to rise when the AI sector (or semiconductor stocks) fall, and fall when they rise. It is a strong link, just in the opposite direction, which is why it is coloured red like High. It describes past price behaviour, not a prediction.

What is the "AI hardware" reading, and why show two numbers?

The broad AI ETF mixes hardware, cloud and software companies, so a stock can look unrelated to it while moving strongly with, or against, semiconductor stocks. For example, some large software companies have shown a near-zero reading against the broad AI ETF but a clearly negative one against semiconductors. Showing both lets you see either pattern. See the AI Hardware Correlation guide for how the semiconductor reading works.

What do the colours mean?

The colour shows how strongly the stock's price has been tied to the AI sector, in either direction. It is not a good or bad rating. Red means a strong link: High (moves with the AI sector) or Inverse (moves against it). Amber is Moderate, green is Low, and cyan means no meaningful link (None). Red is not a quality or valuation warning.

Does a high score mean I should buy this stock?

No. This is a descriptive statistic about historical price co-movement, not a valuation judgment or a recommendation. A stock can show high AI correlation and still be overvalued, and a stock with no AI correlation can still be a sound investment for other reasons. Use it alongside the valuation and framework scores above, not in place of them.

Why might a genuinely AI-linked company still show "None"?

Correlation measures how the market has priced the stock recently, not the company's actual business exposure. A company can have a real AI-infrastructure story (for example, supplying power or components to data centres) without the market yet trading its shares in sync with AI-sector sentiment — the underlying business case and the price pattern are two different things.

Why do some international stocks score lower than expected?

Stocks listed outside the US (for example on the ASX or KRX) trade on a different calendar to the US-listed AI ETFs used for this comparison, so there are fewer directly overlapping trading days to compare. This can understate the correlation for otherwise AI-linked international companies — a known limitation of the method, not a judgment about the company.