Rightmove has been named as ‘probably the most outstandingly profitable business listed on the UK stock market’.
An article in Investors Chronicle says that Rightmove is “a licence to print money for very little investment”.
Interestingly, the article does not mention arch competitor Zoopla, but does reference OnTheMarket.
The piece is about identifying various companies that have capacity for growth.
Its table includes businesses such as Fevertree Drinks and Unilever.
The piece looks specifically at Return on Capital Employed (ROCE) – trading profits as a percentage of the money invested in the business.
Rightmove’s ROCE is stratospherically ahead of the other companies looked at, with an ROCE of 1,387.9.
Its nearest rival is Bioventix, with 64.8.
Small wonder that Rightmove – due to announce results this Friday – is such an extraordinary draw for investors