Market Cap
UK£70.7m
Last Updated
2019/10/21 21:17 UTC
Data Sources
Company Financials +
Executive Summary
Record plc, through its subsidiaries, provides currency management services.
Snowflake
Fundamentals
Outstanding track record 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
Market Performance
7 Day Return
10.2%
REC
-0.5%
GB Capital Markets
0.2%
GB Market
1 Year Return
24.1%
REC
17.6%
GB Capital Markets
1.7%
GB Market
Return vs Industry: REC exceeded the UK Capital Markets industry which returned 17.6% over the past year.
Return vs Market: REC exceeded the UK Market which returned 1.7% over the past year.
Shareholder returns
| REC | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.2% | -0.5% | 0.2% |
| 30 Day | 8.4% | -3.6% | -1.7% |
| 90 Day | 14.4% | 2.8% | -3.1% |
| 1 Year | 36.0%24.1% | 20.5%17.6% | 6.7%1.7% |
| 3 Year | 68.2%34.9% | 76.8%64.3% | 17.7%3.1% |
| 5 Year | 61.5%16.7% | 148.5%119.0% | 36.1%5.5% |
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
3 weeks ago | Simply Wall St
Did Record's (LON:REC) Share Price Deserve to Gain 30%?1 month ago | Simply Wall St
Does Record plc (LON:REC) Have A Good P/E Ratio?1 month ago | Simply Wall St
Does Record plc's (LON:REC) CEO Pay Matter?Valuation
Is Record undervalued compared to its fair value and its price relative to the market?
34.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: REC (£0.37) is trading below our estimate of fair value (£0.56)
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 (11.2x) compared to the Capital Markets industry average (19.3x).
PE vs Market: REC is good value based on its PE Ratio (11.2x) compared to the UK market (16.6x).
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 (2.6x) compared to the GB Capital Markets industry average (1.3x).
Next Steps
Future Growth
How is Record forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-11.4%
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 (-11.4% per year).
Earnings vs Market: REC's earnings are forecast to decline over the next 3 years (-11.4% per year).
High Growth Earnings: REC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: REC's revenue is expected to decline over the next 3 years (-2.1% per year).
High Growth Revenue: REC's revenue is forecast to decline over the next 3 years (-2.1% 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?
3.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: REC's earnings have grown by 3.3% per year over the past 5 years.
Accelerating Growth: REC's earnings growth over the past year (4.6%) exceeds its 5-year average (3.3% per year).
Earnings vs Industry: REC earnings growth over the past year (4.6%) exceeded the Capital Markets industry 4.6%.
Return on Equity
High ROE: REC's Return on Equity (23.5%) is considered high.
Return on Assets
ROA vs Industry: REC has a higher Return on Assets than the Capital Markets industry average last year.
Return on Capital Employed
ROCE Improving: REC has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Record's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: REC has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if REC's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: REC's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if REC has a sufficient allowance for bad loans.
Low Risk Liabilities: REC reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if REC has an acceptable proportion of non-loan assets held.
Low Risk Deposits: REC has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if REC has an appropriate level of bad loans.
Next Steps
Dividend
What is Record's current dividend yield, its reliability and sustainability?
8.17%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: REC's dividend (8.17%) is higher than the bottom 25% of dividend payers in the UK market (1.99%).
High Dividend: REC's dividend (8.17%) is in the top 25% of dividend payers in the UK market (5.37%)
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 (70.3%), 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 (102.7% payout ratio).
Next Steps
Management
What is the CEO of Record's salary, the management and board of directors tenure and is there insider trading?
6.6yrs
Average management tenure
CEO
James Wood-Collins (47yo)
9yrs
Tenure
UK£689,019
Compensation
Mr. James Wood-Collins has been the Chief Executive Officer of Record Plc since October 1, 2010 and served as its Head of Client. Mr. Wood-collins is also Chief Executive Officer since 2010 and Executive D ...
CEO Compensation Analysis
Compensation vs. Market: James's total compensation ($USD894.27K) is about average for companies of similar size in the UK market ($USD318.91K).
Compensation vs Earnings: James's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.6yrs
Average Tenure
49yo
Average Age
Experienced Management: REC's management team is seasoned and experienced (6.6 years average tenure).
Board Age and Tenure
5.0yrs
Average Tenure
57yo
Average Age
Experienced Board: REC's board of directors are considered experienced (5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 146,716 |
| Max Price | UK£0.29 |
Ownership Breakdown
Management Team
Bob F. A. Noyen (57yo)
Chief Investment Officer & Executive Director
- Tenure: 0yrs
- Compensation: UK£689.46k
James Wood-Collins (47yo)
CEO & Executive Director
- Tenure: 9yrs
- Compensation: UK£689.02k
Leslie Meier (64yo)
Head of Client Team & Executive Director
- Tenure: 0yrs
- Compensation: UK£690.14k
Joel Sleigh (49yo)
Chief Operating Officer and Director
- Tenure: 6.6yrs
Dmitri Tikhonov (46yo)
Head of Portfolio Management and Director
- Tenure: 0yrs
Jim Rockall (40yo)
Head of Trading & Director
- Tenure: 0yrs
Kevin Ayles (48yo)
Head of Human Resources & Director
- Tenure: 0yrs
Grady Laurie (50yo)
Head of Compliance & Risk and Director
- Tenure: 0yrs
Steve Cullen (51yo)
CFO & Executive Director
- Tenure: 6.6yrs
- Compensation: UK£245.09k
Alex Prisaca
CTO & Director
- Tenure: 0.8yrs
Board Members
Neil Record (66yo)
Chairman
- Tenure: 36.8yrs
- Compensation: UK£93.86k
Bob F. A. Noyen (57yo)
Chief Investment Officer & Executive Director
- Tenure: 0yrs
- Compensation: UK£689.46k
Tim Edwards
Independent Non-executive Director
- Tenure: 1.6yrs
- Compensation: UK£43.50k
James Wood-Collins (47yo)
CEO & Executive Director
- Tenure: 9yrs
- Compensation: UK£689.02k
Leslie Meier (64yo)
Head of Client Team & Executive Director
- Tenure: 0yrs
- Compensation: UK£690.14k
Jane Tufnell (55yo)
Senior Independent Director
- Tenure: 1yrs
- Compensation: UK£53.50k
Rosemary Hilary (64yo)
Non-Executive Director
- Tenure: 3.3yrs
- Compensation: UK£49.86k
Steve Cullen (51yo)
CFO & Executive Director
- Tenure: 6.6yrs
- Compensation: UK£245.09k
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£70.663m
- Shares outstanding: 196.07m
- 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. The company offers currency and dynamic hedging, currency for return, and other risk management products. Its clients include pe ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 21:17 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2019/03/31 |
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.