RMC · ASX

Resimac Group Limited (ASX:RMC)

AU$0.84

 0.0 (0.0%)
ASX:Live
21/11/2024 04:10:42 PM
Near Support HALO Yield HALO Ords GROWTH AUS All-Consensus +1
Consensus Score
/10
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RMC Overview

RMC Health Scores

Short Term

Mean Reversion

Neutral

Trend

Neutral

Event

Very Weak

Halo Model

MQV

Very Strong

GARP

Neutral

MQV Small

Neutral

Valuation

Value

Consensus

Momentum

Price

Strong

Earnings

Very Strong

Growth

Earnings

Strong

Dividends

Very Strong

Quality

Capital Efficiency

Neutral

Balance Sheet

Very Strong

About RMC

Website

Resimac Group Limited

Telephone

61.2.8267.2000

Address

Level 9 45 Clarence Street Sydney, New South Wales (NSW) 2000

Description

Resimac Group Ltd. engages in the provision of mortgage origination and management of home loans. Its business model comprises originating, servicing and funding prime, non-conforming residential mortgages, and asset finance products in Australia and New Zealand. The firm operates through the following segments: Home Loan Lending Business, New Zealand Lending Business, and Asset Finance Lending Business. The Home Loan Lending Business manages Australian mortgage distribution and lending, including income from new loans, portfolio margins, and commissions from various loan sources. The New Zealand Lending Business handles mortgage lending in New Zealand. The Asset Finance Lending Business deals in Australian auto, equipment, business loans, and insurance premium loans. The company was founded by Timothy Alastair Holmes and Robert Peter Salmon in 1985 and is headquartered in Sydney, Australia.

RMC Price Chart

Key Stats

Market Cap

AU$350.00M

PE

9.00

EV/EBITDA

-13.2

Dividends Overview

DIV Yield

6.9%

Franking

100%

Ex Dividend Date (est.)

05-Sep-24

Market Data

52 weeks range

Low 0.79 - 1.24

Trade Value (12mth)

AU$32,849.00

1 week

-4%

1 month

-1.75%

YTD

-21.5%

1 year

-2.89%

All time high

2.80

Key Fundamentals

EPS 3 yr Growth

-67.20%

EBITDA Margin

89.60%

Operating Cashflow

-$107m

Free Cash Flow Return

-1.00%

ROIC

0.30%

Interest Coverage

1.10

Quick Ratio

0.00

Other Data

Shares on Issue (Fully Dilluted)

400m

HALO Sector

Other Finance

Next Company Report Date

02-Sep-25

Ex Dividend Date (est.)

05-Sep-24

Next Dividend Pay Date (est.)

20-Sep-24

Reporting Currency

AUD

Short Sell (% of issue)

0.00

RMC Announcements

Latest Announcements

Date Announcements

19 November 24

Board Changes

×

Board Changes

19 November 24

Chair's Address to Shareholders

×

Chair's Address to Shareholders

19 November 24

Interim CEO's Address to Shareholders

×

Interim CEO's Address to Shareholders

19 November 24

Results of Meeting

×

Results of Meeting

18 October 24

Notice of Annual General Meeting/Proxy Form

×

Notice of Annual General Meeting/Proxy Form

18 October 24

Corporate Governance Statement and Appendix 4G

×

Corporate Governance Statement and Appendix 4G

18 October 24

Annual Report to shareholders

×

Annual Report to shareholders

03 October 24

Portfolio Acquisition

×

Portfolio Acquisition

29 August 24

Appendix 4E

×

Appendix 4E

29 August 24

Resimac announces FY24 normalised NPAT of $43.1 million

×

Resimac announces FY24 normalised NPAT of $43.1 million

29 August 24

Financial Report 30 June 2024

×

Financial Report 30 June 2024

29 August 24

Dividend/Distribution - RMC

×

Dividend/Distribution - RMC

29 August 24

Investor Presentation

×

Investor Presentation

20 August 24

Resimac Prices A$1bn Non-Conforming RMBS

×

Resimac Prices A$1bn Non-Conforming RMBS

12 August 24

Resimac Group FY24 Investor Call

×

Resimac Group FY24 Investor Call

02 August 24

Resimac FY24 Trading Update (unaudited)

×

Resimac FY24 Trading Update (unaudited)

09 July 24

Resignation of Chief Executive Officer (CEO)

×

Resignation of Chief Executive Officer (CEO)

26 June 24

Notification regarding unquoted securities - RMC

×

Notification regarding unquoted securities - RMC

17 June 24

Notification regarding unquoted securities - RMC

×

Notification regarding unquoted securities - RMC

03 June 24

Changes to Dividend Reinvestment Plan Rules

×

Changes to Dividend Reinvestment Plan Rules

09 May 24

Resimac Settles A$750mm Prime RMBS

×

Resimac Settles A$750mm Prime RMBS

09 April 24

Resimac Prices A$750mm Non-Conforming RMBS

×

Resimac Prices A$750mm Non-Conforming RMBS

28 March 24

Resimac settles $350m auto & equipment ABS transaction

×

Resimac settles $350m auto & equipment ABS transaction

27 February 24

Half Yearly Report and Accounts

×

Half Yearly Report and Accounts

27 February 24

Resimac announces 1H24 normalised NPAT of $26 million

×

Resimac announces 1H24 normalised NPAT of $26 million

RMC Fundamentals

Per Share Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Per Share, Growth & Valuations
EPS (Basic) $ Lock Lock Lock Lock 0.25 0.17 0.09 Lock Lock Lock
EPS (Fully Diluted) $ Lock Lock Lock Lock 0.25 0.16 0.09 Lock Lock Lock
     Growth % Lock Lock Lock Lock -5.0 -34.1 -47.6 Lock Lock Lock
     PE X Lock Lock Lock Lock 5.1 5.0 9.0 Lock Lock Lock
     EV/EBITDA X Lock Lock Lock Lock 46.5 -7.4 -13.2 Lock Lock Lock
CFPS $ Lock Lock Lock Lock 0.26 0.23 0.14 Lock Lock Lock
FCFPS $ Lock Lock Lock Lock -3.94 4.93 -0.34 Lock Lock Lock
     Growth % Lock Lock Lock Lock -11.6 -14.3 -35.7 Lock Lock Lock
     Yield % Lock Lock Lock Lock -342.5 539.0 -39.9 Lock Lock Lock
DPS $ Lock Lock Lock Lock 0.08 0.08 0.07 Lock Lock Lock
     Growth % Lock Lock Lock Lock 25.0 0.0 -12.5 Lock Lock Lock
     Yield % Lock Lock Lock Lock 5.8 8.3 6.9 Lock Lock Lock
     Payout Ratio % Lock Lock Lock Lock 32 48 81 Lock Lock Lock
BPS $ Lock Lock Lock Lock 0.94 1.04 1.04 Lock Lock Lock
BPS (Tangible) $ Lock Lock Lock Lock 0.87 0.97 0.97 Lock Lock Lock
     Growth % Lock Lock Lock Lock 20.6 11.5 0.3 Lock Lock Lock
Shares Outstanding
Diluted m Lock Lock Lock Lock 410 403 400 Lock Lock Lock
Basic m Lock Lock Lock Lock 408 402 400 Lock Lock Lock

Financial Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Income Statement
Sales $m Lock Lock Lock Lock 501 911 1,006 Lock Lock Lock
     Growth % Lock Lock Lock Lock 4.7 81.7 10.5 Lock Lock Lock
Selling & General Expenses $m Lock Lock Lock Lock 26 23 20 Lock Lock Lock
Gross Income $m Lock Lock Lock Lock 458 874 990 Lock Lock Lock
     Growth % Lock Lock Lock Lock 4.2 91.0 13.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock 91.3 95.9 98.4 Lock Lock Lock
Cost of Goods Sold to Sales % Lock Lock Lock Lock 9 4 2 Lock Lock Lock
EBITDA $m Lock Lock Lock Lock 409 779 902 Lock Lock Lock
     Growth % Lock Lock Lock Lock 7.2 90.4 15.8 Lock Lock Lock
     Margin % Lock Lock Lock Lock 81.6 85.5 89.6 Lock Lock Lock
Depreciation & Amortisation $m Lock Lock Lock Lock 2 2 2 Lock Lock Lock
EBIT $m Lock Lock Lock Lock 407 777 900 Lock Lock Lock
     Growth % Lock Lock Lock Lock 7.4 91.0 15.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 81.1 85.3 89.4 Lock Lock Lock
Pretax Income $m Lock Lock Lock Lock 143 95 50 Lock Lock Lock
Income Taxes $m Lock Lock Lock Lock 41 29 15 Lock Lock Lock
Net Income $m Lock Lock Lock Lock 102 66 35 Lock Lock Lock
     Growth % Lock Lock Lock Lock -5.0 -35.0 -47.9 Lock Lock Lock
     Margin % Lock Lock Lock Lock 20.4 7.3 3.4 Lock Lock Lock
Cash Flow Statement
Net Operating Cash Flow $m Lock Lock Lock Lock -1,585 2,021 -107 Lock Lock Lock
Capital Expenditures $m Lock Lock Lock Lock 1 0 0 Lock Lock Lock
Net Investing Cash Flow $m Lock Lock Lock Lock -93 -4 -10 Lock Lock Lock
Net Financing Cash Flow $m Lock Lock Lock Lock 1,991 -1,865 -98 Lock Lock Lock
Free Cash Flow $m Lock Lock Lock Lock -1,585 2,021 -107 Lock Lock Lock
     Growth % Lock Lock Lock Lock -9.5 227.5 -105.3 Lock Lock Lock
     Margin % Lock Lock Lock Lock -3.2 2.2 -0.1 Lock Lock Lock
Franking Balance $m Lock Lock Lock Lock 95 118 123 Lock Lock Lock
Balance Sheet
Cash & Short-Term Investments $m Lock Lock Lock Lock 933 1,085 871 Lock Lock Lock
Total Assets $m Lock Lock Lock Lock 16,737 14,942 15,095 Lock Lock Lock
Long Term Debt $m Lock Lock Lock Lock 11,574 9,920 10,097 Lock Lock Lock
Net Debt $m Lock Lock Lock Lock 15,367 13,395 13,552 Lock Lock Lock
Total Liabilities $m Lock Lock Lock Lock 16,359 14,527 14,678 Lock Lock Lock
Equity $m Lock Lock Lock Lock 378 415 416 Lock Lock Lock
Invested Capital Lock Lock Lock Lock 11,952 10,336 10,513 Lock Lock Lock
     Growth % Lock Lock Lock Lock 10.5 -13.5 1.7 Lock Lock Lock
Return Ratios
Return on Assets % Lock Lock Lock Lock 0.6 0.4 0.2 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 27.0 16.0 8.3 Lock Lock Lock
Return on Total Capital % Lock Lock Lock Lock 2.5 4.9 6.0 Lock Lock Lock
Return on Invested Capital % Lock Lock Lock Lock 0.9 0.6 0.3 Lock Lock Lock
Cash Flow Return on Invested Capital % Lock Lock Lock Lock -13.9 18.1 -1.0 Lock Lock Lock

Ratios Records

Historical data

Forecast data

AUD 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Leverage
Interest Cover X Lock Lock Lock Lock 1.6 1.1 1.1 Lock Lock Lock
Debt to EBITDA X Lock Lock Lock Lock 37.6 17.2 15.0 Lock Lock Lock
Net Debt to Equity % Lock Lock Lock Lock 4,064.5 3,225.6 3,257.3 Lock Lock Lock
Liquidity
Current Ratio X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Quick Ratio X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Cash & ST Inv/Current Assets % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
CFO/Current Liabilities % Lock Lock Lock Lock N/A N/A N/A Lock Lock Lock
Balance Sheet Efficiency
Receivables Turnover X Lock Lock Lock Lock 14.4 31.3 43.9 Lock Lock Lock
Inventory Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Working Capital Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Payables Turnover X Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Asset Turnover X Lock Lock Lock Lock 0.0 0.1 0.1 Lock Lock Lock
Du Pont
Asset Turnover X Lock Lock Lock Lock 0.0 0.1 0.1 Lock Lock Lock
x Pretax Margin % Lock Lock Lock Lock 28.6 10.5 5.0 Lock Lock Lock
= Pretax Return on Assets % Lock Lock Lock Lock 0.9 0.6 0.3 Lock Lock Lock
x Tax Rate Complement (1-Tax Rate) % Lock Lock Lock Lock 28.8 30.3 30.6 Lock Lock Lock
Return on Assets % Lock Lock Lock Lock 0.6 0.4 0.2 Lock Lock Lock
x Equity Multiplier (Assets/Equity) % Lock Lock Lock Lock 44.3 36.0 36.3 Lock Lock Lock
Return on Equity % Lock Lock Lock Lock 27.0 16.0 8.3 Lock Lock Lock
x Earnings Retention (1-Payout) % Lock Lock Lock Lock 68.1 51.6 19.2 Lock Lock Lock
= Reinvestment Rate (%) % Lock Lock Lock Lock 18.4 8.3 1.6 Lock Lock Lock
Operating Cycle
Days of Inventory on Hand Days Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
+ Days of Sales Outstanding Days Lock Lock Lock Lock 25.4 11.7 8.3 Lock Lock Lock
Operating Cycle Days Lock Lock Lock Lock 25.4 11.7 8.3 Lock Lock Lock
- Days of Payables Outstanding Days Lock Lock Lock Lock 0.0 0.0 0.0 Lock Lock Lock
Net Operating Cycle Days Lock Lock Lock Lock 25.4 11.7 8.3 Lock Lock Lock

Dividends

Key Stats

Ex Dividend Date (est.)

05-Sep-24

DIV Yield

6.9%

Franking Level

100%

DPSg

-12.50%

Quality Yield

Lock

Falling Divs over next 2

Lock

Expected Dividend Cashflow

Dividend Clarity,
Enhanced
Strategy

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Values and Recommendations

Key Stats

Consensus Score

Lock

Recommendation

Lock

EPS 1 month Change

Lock

Quality Yield

Lock

Falling Divs over next 2

Lock

Halo Consensus Score

Lock Chart

PEG Ratio

Lock Chart

Consensus EPS Revisions

Lock Chart

Short selling

Key Stats

Percent of Issue

0.00%

Value ($M)

0

Prior Change

N/A

7 Day Change

N/A

1 Month Change

N/A

3 Month Change

N/A

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Frequently Asked Questions

The current share price of Resimac Group Limited (RMC:ASX) is AU$0.84.
The 52-week high share price for Resimac Group Limited (RMC:ASX) is AU$1.24.
The 52-week low share price for Resimac Group Limited (RMC:ASX)? is AU$0.79.
The current TTM dividend payout for Resimac Group Limited (RMC:ASX) is 6.90.
The last dividend payment of Resimac Group Limited (RMC:ASX) is AU$0.04.
Resimac Group Limited (RMC:ASX) has a franking level of 100.0%.
Resimac Group Limited (RMC:ASX) is classified in the Other Finance.
The current P/E ratio for Resimac Group Limited (RMC:ASX) is 9.00.
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HALO Technologies Pty Ltd ABN 54 623 830 866 is a Corporate Authorised Representative No 1261916 of Macrovue Pty Ltd ABN 98 600 022 679 AFSL 484264. Macrovue Pty Ltd is a wholly owned subsidiary of HALO Technologies Pty Ltd.