Seek Ltd
SEK: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$17.00 | Pzxzybh | Ngvhsdht |
Seek's Core ANZ Business Is Recovering More Quickly Than Expected
Business Strategy and Outlook
Seek captures 90% of total time spent online searching for jobs, dominating the Australian market. This dominance within a small niche global geographic market, built through a first-mover advantage, represents a strong competitive advantage given its network effect. Australians view seek.com.au as their first port of call for looking for employment, which is why we ascribe a narrow moat to the company.