Market Cap
UK£83.7m
Last Updated
2020/09/27 03:30 UTC
Data Sources
Company Financials +
Executive Summary
Record plc, through its subsidiaries, provides currency management services in the United Kingdom, North America, Continental Europe, Australia, and internationally. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 17.1% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and fair value.
Share Price & News
How has Record's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: REC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
34.9%
REC
-4.7%
GB Capital Markets
-3.1%
GB Market
1 Year Return
30.5%
REC
-5.0%
GB Capital Markets
-17.0%
GB Market
Return vs Industry: REC exceeded the UK Capital Markets industry which returned -5% over the past year.
Return vs Market: REC exceeded the UK Market which returned -17% over the past year.
Shareholder returns
| REC | Industry | Market | |
|---|---|---|---|
| 7 Day | 34.9% | -4.7% | -3.1% |
| 30 Day | 25.7% | -4.4% | -3.3% |
| 90 Day | 8.2% | -0.9% | -4.0% |
| 1 Year | 40.0%30.5% | -1.8%-5.0% | -13.7%-17.0% |
| 3 Year | 4.1%-16.6% | 21.3%6.8% | -8.3%-19.3% |
| 5 Year | 68.7%18.8% | 69.0%38.5% | 18.5%-7.7% |
Price Volatility Vs. Market
How volatile is Record's share price compared to the market and industry in the last 5 years?
Simply Wall St News
12 hours ago | Simply Wall St
Improved Earnings Required Before Record plc (LON:REC) Stock's 26% Jump Looks Justified3 days ago | Simply Wall St
This Insider Has Just Sold Shares In Record plc (LON:REC)5 days ago | Simply Wall St
Record's (LON:REC) Shareholders Are Down 21% On Their SharesValuation
Is Record undervalued compared to its fair value and its price relative to the market?
16.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: REC (£0.43) is trading below our estimate of fair value (£0.51)
Significantly Below Fair Value: REC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: REC is good value based on its PE Ratio (13.1x) compared to the GB Capital Markets industry average (16.1x).
PE vs Market: REC is good value based on its PE Ratio (13.1x) compared to the UK market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: REC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: REC is overvalued based on its PB Ratio (3x) compared to the GB Capital Markets industry average (1.1x).
Next Steps
Future Growth
How is Record forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-17.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: REC's earnings are forecast to decline over the next 3 years (-17.1% per year).
Earnings vs Market: REC's earnings are forecast to decline over the next 3 years (-17.1% per year).
High Growth Earnings: REC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: REC's revenue (4.6% per year) is forecast to grow slower than the UK market (6.3% per year).
High Growth Revenue: REC's revenue (4.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if REC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Record performed over the past 5 years?
1.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REC has high quality earnings.
Growing Profit Margin: REC's current net profit margins (25.1%) are lower than last year (25.7%).
Past Earnings Growth Analysis
Earnings Trend: REC's earnings have grown by 1.7% per year over the past 5 years.
Accelerating Growth: REC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: REC had negative earnings growth (-0.1%) over the past year, making it difficult to compare to the Capital Markets industry average (1.3%).
Return on Equity
High ROE: REC's Return on Equity (22.6%) is considered high.
Next Steps
Financial Health
How is Record's financial position?
Financial Position Analysis
Short Term Liabilities: REC's short term assets (£31.1M) exceed its short term liabilities (£7.0M).
Long Term Liabilities: REC's short term assets (£31.1M) exceed its long term liabilities (£901.0K).
Debt to Equity History and Analysis
Debt Level: REC is debt free.
Reducing Debt: REC has not had any debt for past 5 years.
Debt Coverage: REC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: REC has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Record current dividend yield, its reliability and sustainability?
6.34%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: REC's dividend (6.34%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).
High Dividend: REC's dividend (6.34%) is in the top 25% of dividend payers in the UK market (5.28%)
Stability and Growth of Payments
Stable Dividend: REC's dividend payments have been volatile in the past 10 years.
Growing Dividend: REC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.5%), REC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: REC's dividends in 3 years are not forecast to be well covered by earnings (100% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.4yrs
Average management tenure
CEO
Leslie Meier (65 yo)
0.58
Tenure
UK£742,894
Compensation
Ms. Leslie Hill Meier serves as Chief Executive Director at Record plc since February 13, 2020 and served as its Head of Client Team until February 13, 2020. She serves as an Executive Director of Record P ...
CEO Compensation Analysis
Compensation vs Market: Leslie's total compensation ($USD943.67K) is above average for companies of similar size in the UK market ($USD346.97K).
Compensation vs Earnings: Leslie's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 0.58yr | UK£742.89k | 7.56% £ 6.3m | |
| CFO & Executive Director | 7.5yrs | UK£239.44k | 0.72% £ 605.4k | |
| Chief Investment Officer & Executive Director | no data | UK£675.12k | 4.83% £ 4.0m | |
| Chief Operating Officer | 7.5yrs | no data | 2.83% £ 2.4m | |
| CTO & Director | 1.67yrs | no data | no data | |
| Head of Compliance & Risk | no data | no data | no data | |
| Global Head of Sales & Head of Client Team | 0.58yr | no data | no data | |
| Head of Human Resources | no data | no data | 0.050% £ 42.2k | |
| Head of Trading & Director | no data | no data | no data | |
| Managing Director | no data | no data | 0.14% £ 118.5k | |
| Head of Investment Strategy & Director | no data | no data | no data | |
| Head of Portfolio Implementation & Director | 7.42yrs | no data | no data |
7.4yrs
Average Tenure
49.5yo
Average Age
Experienced Management: REC's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 0.58yr | UK£742.89k | 7.56% £ 6.3m | |
| CFO & Executive Director | 7.5yrs | UK£239.44k | 0.72% £ 605.4k | |
| Chief Investment Officer & Executive Director | no data | UK£675.12k | 4.83% £ 4.0m | |
| Chairman | 37.67yrs | UK£94.09k | 29.82% £ 25.0m | |
| Independent Non-executive Director | 2.5yrs | UK£43.50k | 0.031% £ 25.7k | |
| Senior Independent Director | 1.92yrs | UK£63.50k | 0.077% £ 64.1k | |
| Independent Non-Executive Director | 4.25yrs | UK£50.04k | no data |
4.3yrs
Average Tenure
63yo
Average Age
Experienced Board: REC's board of directors are considered experienced (4.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: REC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Record plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Record plc
- Ticker: REC
- Exchange: LSE
- Founded: 1983
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£83.719m
- Shares outstanding: 195.83m
- Website: https://www.recordcm.com
Number of Employees
Location
- Record plc
- Morgan House
- Madeira Walk
- Windsor
- Berkshire
- SL4 1EP
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| REC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Nov 2007 |
Biography
Record plc, through its subsidiaries, provides currency management services in the United Kingdom, North America, Continental Europe, Australia, and internationally. The company offers passive, dynamic, an ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/27 03:30 |
| End of Day Share Price | 2020/09/25 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2020/03/31 |
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.