Resimac Group Ltd, a non-bank financial institution, provides residential mortgage solutions in Australia and New Zealand.
Proven track record and slightly overvalued.
Share Price & News
How has Resimac Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RMC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: RMC exceeded the Australian Mortgage industry which returned 48% over the past year.
Return vs Market: RMC exceeded the Australian Market which returned 19.4% over the past year.
Price Volatility Vs. Market
How volatile is Resimac Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StHere's Why I Think Resimac Group (ASX:RMC) Is An Interesting Stock
1 month ago | Simply Wall StWhat Percentage Of Resimac Group Ltd (ASX:RMC) Shares Do Insiders Own?
2 months ago | Simply Wall StIs It Worth Buying Resimac Group Ltd (ASX:RMC) For Its 2.2% Dividend Yield?
Is Resimac Group undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RMC (A$1.5) is trading above our estimate of fair value (A$0.9)
Significantly Below Fair Value: RMC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RMC is good value based on its PE Ratio (12.8x) compared to the Mortgage industry average (13.7x).
PE vs Market: RMC is good value based on its PE Ratio (12.8x) compared to the Australian market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: RMC is poor value based on its PEG Ratio (3.2x)
Price to Book Ratio
PB vs Industry: RMC is overvalued based on its PB Ratio (3.1x) compared to the AU Mortgage industry average (1x).
How is Resimac Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RMC's forecast earnings growth (4% per year) is above the savings rate (1.1%).
Earnings vs Market: RMC's earnings (4% per year) are forecast to grow slower than the Australian market (9.6% per year).
High Growth Earnings: RMC's earnings are forecast to grow, but not significantly.
Revenue vs Market: RMC's revenue (2.9% per year) is forecast to grow slower than the Australian market (3.8% per year).
High Growth Revenue: RMC's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RMC's Return on Equity is forecast to be low in 3 years time (19.3%).
How has Resimac Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RMC has a large one-off gain of A$13.1M impacting its June 30 2019 financial results.
Growing Profit Margin: RMC's current net profit margins (32.7%) are higher than last year (19.4%).
Past Earnings Growth Analysis
Earnings Trend: RMC has become profitable over the past 5 years, growing earnings by 42.2% per year.
Accelerating Growth: RMC's earnings growth over the past year (86.4%) exceeds its 5-year average (42.2% per year).
Earnings vs Industry: RMC earnings growth over the past year (86.4%) exceeded the Mortgage industry 17.4%.
Return on Equity
High ROE: Whilst RMC's Return on Equity (24.06%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
How is Resimac Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: RMC has a low level of unsold assets or inventory.
Debt Coverage by Assets: RMC's debt is covered by short term assets (assets are 1x debt).
Financial Institutions Analysis
Asset Level: RMC's level of assets compared to its equity is very high.
Allowance for Bad Loans: Insufficient data to determine if RMC has a sufficient allowance for bad loans.
Low Risk Liabilities: RMC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if RMC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: RMC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if RMC has an appropriate level of bad loans.
What is Resimac Group's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: RMC's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.34%).
High Dividend: RMC's dividend (1.33%) is low compared to the top 25% of dividend payers in the Australian market (5.47%).
Stability and Growth of Payments
Stable Dividend: RMC is not paying a notable dividend for the Australian market, therefore no need to check if payments are stable.
Growing Dividend: RMC is not paying a notable dividend for the Australian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: RMC is not paying a notable dividend for the Australian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RMC's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
What is the CEO of Resimac Group's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Scott McWilliam 0
Mr. Scott McWilliam has been Chief Executive Officer of Resimac Group Ltd since January 18, 2019. He was Joint Chief Executive Officer of Resimac Group Ltd (formerly known as Homeloans Limited) since Octob ...
CEO Compensation Analysis
Compensation vs Market: Scott's total compensation ($USD620.98K) is about average for companies of similar size in the Australian market ($USD724.04K).
Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.
Management Age and Tenure
Experienced Management: RMC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Age and Tenure
Experienced Board: RMC's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
- Tenure: 1.3yrs
Head of Human Resources
Chief Executive Officer
- Tenure: 1yrs
- Compensation: AU$899.81k
General Manager of Operations
Head of Marketing
- Tenure: 3.3yrs
General Manager of Finance
- Tenure: 1.5yrs
Chief Financial Officer
- Tenure: 1.5yrs
- Compensation: AU$419.55k
Warren McLeland (73yo)
- Tenure: 3.3yrs
- Compensation: AU$82.13k
Duncan Saville (62yo)
- Tenure: 2.2yrs
- Compensation: AU$70.00k
Independent Non-Executive Chairman
- Tenure: 2.2yrs
- Compensation: AU$137.10k
Independent Non-Executive Director
- Tenure: 3.3yrs
- Compensation: AU$121.74k
Resimac Group Ltd's company bio, employee growth, exchange listings and data sources
- Name: Resimac Group Ltd
- Ticker: RMC
- Exchange: ASX
- Founded: 1985
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: AU$609.868m
- Shares outstanding: 406.58m
- Website: https://www.resimac.com.au
- Resimac Group Ltd
- 45 Clarence Street
- Level 9
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RMC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Oct 2016|
|RMC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Oct 2016|
Resimac Group Ltd, a non-bank financial institution, provides residential mortgage solutions in Australia and New Zealand. The company operates through three segments: Australian Lending Business, New Zealand Lending Business, and Paywise Business. It offers prime and specialist lending products; and home loans. The company also provides mortgage originator, trustee, lender, manager, and broker services; and LMI captive insurer and record lending services. In addition, it act as a trust manager and servicer; and offers services to manage salary packaging arrangements to employers and employees. Further, the company provides fleets and warehouse mortgages. Resimac Group Ltd provides its products and services through brokers and white-label partners, as well as direct-to-customer consumer channel primarily under the Resimac and State Custodians brands. The company was formerly known as Homeloans Limited and changed its name to Resimac Group Ltd in December 2018. Resimac Group Ltd was founded in 1985 and is based in Sydney, Australia. Resimac Group Ltd operates as a subsidiary of Somers Limited
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/21 10:46|
|End of Day Share Price||2020/01/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.