| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
REC Stock Overview
Record plc, through its subsidiaries, provides currency management services in the United Kingdom, North America, Continental Europe, Australia, and internationally.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£0.80 |
| 52 Week High | UK£1.08 |
| 52 Week Low | UK£0.45 |
| Beta | 1.15 |
| 1 Month Change | 11.36% |
| 3 Month Change | 2.29% |
| 1 Year Change | 70.16% |
| 3 Year Change | 163.61% |
| 5 Year Change | 111.58% |
| Change since IPO | -51.71% |
Recent News & Updates
Do Record's (LON:REC) Earnings Warrant Your Attention?
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
Record (LON:REC) Is Paying Out A Larger Dividend Than Last Year
Record plc's ( LON:REC ) dividend will be increasing on the 30th of December to UK£0.018, with investors receiving 57...
Shareholder Returns
| REC | GB Capital Markets | GB Market | |
|---|---|---|---|
| 7D | 3.2% | -1.4% | -1.0% |
| 1Y | 70.2% | -3.0% | 8.3% |
Return vs Industry: REC exceeded the UK Capital Markets industry which returned -1.9% over the past year.
Return vs Market: REC exceeded the UK Market which returned 8.3% over the past year.
Price Volatility
| REC volatility | |
|---|---|
| REC Average Weekly Movement | 9.4% |
| Capital Markets Industry Average Movement | 4.1% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.7% |
| 10% least volatile stocks in GB Market | 2.5% |
Stable Share Price: REC is more volatile than 75% of UK stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: REC's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of UK stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1983 | 90 | Leslie Meier | https://www.recordcm.com |
Record plc, through its subsidiaries, provides currency management services in the United Kingdom, North America, Continental Europe, Australia, and internationally. It offers advisory and execution services, including FX trade execution, multi-asset implementation, cash management, cash equitisation/bondisation, collateral management, research and advisory, FX transaction cost analysis, ESG framework, regulatory reporting, and concierge services. The company also provides currency solutions, such as active currency risk management, passive currency risk management, tenor management, EM risk management, real rates hedging, volatility neutral hedging, and research and advisory services; and investment solutions comprising currency risk premia/multi-strategy, EM debt, EM growth investment strategy, FX impact, frontier markets, trade finance, research and advisory, and multi-asset implementation services.
Record Fundamentals Summary
| REC fundamental statistics | |
|---|---|
| Market Cap | UK£152.48m |
| Earnings (TTM) | UK£7.20m |
| Revenue (TTM) | UK£29.91m |
21.2x
P/E Ratio5.1x
P/S RatioIs REC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| REC income statement (TTM) | |
|---|---|
| Revenue | UK£29.91m |
| Cost of Revenue | UK£392.00k |
| Gross Profit | UK£29.52m |
| Expenses | UK£22.32m |
| Earnings | UK£7.20m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
Jun 21, 2022
| Earnings per share (EPS) | 0.038 |
| Gross Margin | 98.69% |
| Net Profit Margin | 24.07% |
| Debt/Equity Ratio | 0% |
How did REC perform over the long term?
See historical performance and comparisonDividends
5.0%
Current Dividend Yield79%
Payout RatioValuation
Is Record undervalued compared to its fair value and its price relative to the market?
21.19x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: REC (£0.8) is trading above our estimate of fair value (£0.67)
Significantly Below Fair Value: REC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: REC is poor value based on its PE Ratio (21.2x) compared to the UK Capital Markets industry average (10.9x).
PE vs Market: REC is poor value based on its PE Ratio (21.2x) compared to the UK market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: REC is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: REC is overvalued based on its PB Ratio (6x) compared to the GB Capital Markets industry average (1.7x).
Future Growth
How is Record forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
21.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: REC's forecast earnings growth (21.1% per year) is above the savings rate (0.9%).
Earnings vs Market: REC's earnings (21.1% per year) are forecast to grow faster than the UK market (12.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: REC's revenue (12.3% per year) is forecast to grow faster than the UK market (4.8% per year).
High Growth Revenue: REC's revenue (12.3% 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
Past Performance
How has Record performed over the past 5 years?
0.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: REC has high quality earnings.
Growing Profit Margin: REC's current net profit margins (24.1%) are higher than last year (23.2%).
Past Earnings Growth Analysis
Earnings Trend: REC's earnings have grown by 0.2% per year over the past 5 years.
Accelerating Growth: REC's earnings growth over the past year (19.4%) exceeds its 5-year average (0.2% per year).
Earnings vs Industry: REC earnings growth over the past year (19.4%) underperformed the Capital Markets industry 66.7%.
Return on Equity
High ROE: REC's Return on Equity (28.6%) is considered high.
Financial Health
How is Record's financial position?
Financial Position Analysis
Short Term Liabilities: REC's short term assets (£26.1M) exceed its short term liabilities (£5.7M).
Long Term Liabilities: REC's short term assets (£26.1M) exceed its long term liabilities (£77.0K).
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
Dividend
What is Record current dividend yield, its reliability and sustainability?
5.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: REC's dividend (5.04%) is higher than the bottom 25% of dividend payers in the UK market (1.41%).
High Dividend: REC's dividend (5.04%) is in the top 25% of dividend payers in the UK market (4.06%)
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: At its current payout ratio (79%), REC's 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 (99.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.8yrs
Average management tenure
CEO
Leslie Meier (66 yo)
1.92yrs
Tenure
UK£1,270,178
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 ($USD1.73M) is above average for companies of similar size in the UK market ($USD570.90K).
Compensation vs Earnings: Leslie's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: REC's management team is seasoned and experienced (8.8 years average tenure).
Board Members
Experienced Board: REC's board of directors are considered experienced (3.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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 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
- Implied Market Cap: UK£152.480m
- Shares outstanding: 189.65m
- Website: https://www.recordcm.com
Number of Employees
Location
- Record plc
- Morgan House
- Madeira Walk
- Windsor
- Berkshire
- SL4 1EP
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 21:18 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/03/31 |
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.