Resimac Group Limited, a non-bank financial institution, provides residential mortgage solutions in Australia and New Zealand. More Details
Moderate growth potential 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: Insufficient data to determine RMC's volatility over the past 3 months.
Volatility Over Time: Insufficient data to determine RMC's volatility change over the past year.
7 Day Return
1 Year Return
Return vs Industry: RMC exceeded the Australian Mortgage industry which returned -16.5% over the past year.
Return vs Market: RMC exceeded the Australian Market which returned -0.6% over the past year.
Long-Term 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
No news available
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$1.94) is trading above our estimate of fair value (A$1.03)
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 (14x) compared to the XO Mortgage industry average (15.3x).
PE vs Market: RMC is good value based on its PE Ratio (14x) compared to the Australian market (22.8x).
Price to Earnings Growth Ratio
PEG Ratio: RMC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: RMC is overvalued based on its PB Ratio (3.3x) compared to the AU Mortgage industry average (1.2x).
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 (13% per year) is above the savings rate (2.3%).
Earnings vs Market: RMC's earnings (13% per year) are forecast to grow slower than the Australian market (17.8% per year).
High Growth Earnings: RMC's earnings are forecast to grow, but not significantly.
Revenue vs Market: RMC's revenue (8.1% per year) is forecast to grow faster than the Australian market (5.1% per year).
High Growth Revenue: RMC's revenue (8.1% 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 high in 3 years time (21.8%)
How has Resimac Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RMC has a high level of non-cash earnings.
Growing Profit Margin: RMC's current net profit margins (31.4%) are lower than last year (32.7%).
Past Earnings Growth Analysis
Earnings Trend: RMC's earnings have grown significantly by 39.4% per year over the past 5 years.
Accelerating Growth: RMC's earnings growth over the past year (18.4%) is below its 5-year average (39.4% per year).
Earnings vs Industry: RMC earnings growth over the past year (18.4%) exceeded the Mortgage industry 2.7%.
Return on Equity
High ROE: Whilst RMC's Return on Equity (23.17%) is high, this metric is skewed due to their high level of debt.
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
Financial Institutions Analysis
Asset Level: RMC's Assets to Equity ratio (53.9x) 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, 100% of its liabilities are made up of higher risk sources of funding.
Loan Level: Insufficient data to determine if RMC has an appropriate level of Loans to Assets ratio.
Low Risk Deposits: RMC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Level of Bad Loans: Insufficient data to determine if RMC has an appropriate level of bad loans.
What is Resimac Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RMC's dividend (1.87%) isn’t notable compared to the bottom 25% of dividend payers in the Australian market (2.08%).
High Dividend: RMC's dividend (1.87%) is low compared to the top 25% of dividend payers in the Australian market (5.05%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RMC has been paying a dividend for less than 10 years.
Growing Dividend: RMC's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (21.8%), RMC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RMC's dividends in 3 years are forecast to be well covered by earnings (19.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
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 ($USD856.84K) is about average for companies of similar size in the Australian market ($USD700.86K).
Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.
|Chief Executive Officer||1.83yrs||AU$1.16m||0.25% |
|Chief Financial Officer||2.33yrs||AU$549.75k||0.047% |
|Co-Company Secretary||2.17yrs||AU$617.34k||0.022% |
|General Manager Treasury and Securitisation||no data||AU$542.60k||no data|
|General Manager of Operations||no data||no data||no data|
|Head of Marketing||no data||no data||no data|
|Head of Human Resources||no data||no data||no data|
|Company Secretary||4.08yrs||no data||no data|
|General Manager of Finance||2.33yrs||no data||no data|
Experienced Management: RMC's management team is considered experienced (2.3 years average tenure).
|Non-Executive Director||4.08yrs||AU$98.55k||2.98% |
|Non-Executive Director||3yrs||AU$70.00k||no data|
|Independent Non-Executive Director||no data||no data||no data|
|Independent Non-Executive Director||0.75yr||AU$27.57k||0.0039% |
|Independent Non-Executive Director||4.08yrs||AU$135.13k||0.049% |
Experienced Board: RMC's board of directors are considered experienced (3.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RMC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Resimac Group Limited's company bio, employee growth, exchange listings and data sources
- Name: Resimac Group Limited
- Ticker: RMC
- Exchange: CHIA
- Founded: 1985
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: AU$786.978m
- Shares outstanding: 407.76m
- Website: https://www.resimac.com.au
- Resimac Group Limited
- 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 Limited, a non-bank financial institution, provides residential mortgage solutions in Australia and New Zealand. The company operates through Australian Lending Business and New Zealand Lendi...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/26 07:31|
|End of Day Share Price||2020/11/25 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.