RM Secured Direct Lending
Market Cap
UK£102.9m
Last Updated
2021/03/03 18:54 UTC
Data Sources
Company Financials
Executive Summary
RM Secured Direct Lending plc is a publicly owned investment manager. More Details
Risk Analysis
Snowflake Analysis
Adequate balance sheet unattractive dividend payer.
Share Price & News
How has RM Secured Direct Lending's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RMDL is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: RMDL's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
-1.4%
RMDL
0.5%
GB Capital Markets
-0.2%
GB Market
1 Year Return
-7.2%
RMDL
14.4%
GB Capital Markets
1.1%
GB Market
Return vs Industry: RMDL underperformed the UK Capital Markets industry which returned 14.4% over the past year.
Return vs Market: RMDL underperformed the UK Market which returned 1.1% over the past year.
Shareholder returns
| RMDL | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.4% | 0.5% | -0.2% |
| 30 Day | -2.5% | 5.3% | 3.6% |
| 90 Day | 8.4% | 7.8% | 4.2% |
| 1 Year | 0.6%-7.2% | 18.0%14.4% | 7.0%1.1% |
| 3 Year | 4.7%-14.0% | 53.2%35.9% | 10.6%-2.7% |
| 5 Year | n/a | 119.4%82.7% | 40.5%13.4% |
Long-Term Price Volatility Vs. Market
How volatile is RM Secured Direct Lending's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
How Much Did RM Secured Direct Lending's(LON:RMDL) Shareholders Earn From Share Price Movements Over The Last Three Years?5 months ago | Simply Wall St
RM Secured Direct Lending's (LON:RMDL) Stock Price Has Reduced 23% In The Past Three Years2 years ago | Simply Wall St
Should You Be Tempted To Sell RM Secured Direct Lending plc (LON:RMDL) At Its Current PE Ratio?Valuation
Is RM Secured Direct Lending undervalued compared to its fair value and its price relative to the market?
0.96x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: RMDL (£0.87) is trading above our estimate of fair value (£0.49)
Significantly Below Fair Value: RMDL is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RMDL is unprofitable, so we can't compare its PE Ratio to the GB Capital Markets industry average.
PE vs Market: RMDL is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate RMDL's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: RMDL is good value based on its PB Ratio (1x) compared to the GB Capital Markets industry average (1.6x).
Next Steps
Future Growth
How is RM Secured Direct Lending forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
24.5%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as RM Secured Direct Lending has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine RM Secured Direct Lending's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- RM Secured Direct Lending competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Diversified Financials industry.
Past Performance
How has RM Secured Direct Lending performed over the past 5 years?
-107.7%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: RMDL is currently unprofitable.
Growing Profit Margin: RMDL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if RMDL's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare RMDL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RMDL is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (-2%).
Return on Equity
High ROE: RMDL has a negative Return on Equity (-0.51%), as it is currently unprofitable.
Next Steps
Financial Health
How is RM Secured Direct Lending's financial position?
Financial Position Analysis
Short Term Liabilities: RMDL's short term assets (£15.3M) exceed its short term liabilities (£12.3M).
Long Term Liabilities: RMDL's short term assets (£15.3M) exceed its long term liabilities (£11.7M).
Debt to Equity History and Analysis
Debt Level: RMDL's debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RMDL's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RMDL's debt is well covered by operating cash flow (50.4%).
Interest Coverage: RMDL is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is RM Secured Direct Lending current dividend yield, its reliability and sustainability?
7.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RMDL's dividend (7.45%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).
High Dividend: RMDL's dividend (7.45%) is in the top 25% of dividend payers in the UK market (4.48%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, RMDL has been paying a dividend for less than 10 years.
Growing Dividend: RMDL's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: RMDL is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
CEO
RM Secured Direct Lending has no CEO, or we have no data on them.
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
RM Secured Direct Lending plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: RM Secured Direct Lending plc
- Ticker: RMDL
- Exchange: LSE
- Founded: 2016
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: UK£102.907m
- Shares outstanding: 117.94m
- Website: https://rm-funds.co.uk
Location
- RM Secured Direct Lending plc
- Fourth Floor
- Seven Castle Street
- Edinburgh
- EH2 3AH
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RMDL | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Dec 2016 |
Biography
RM Secured Direct Lending plc is a publicly owned investment manager. The firm invests in markets across the globe. It invests in alternative investments which deliver income returns. The firm invests in a...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 18:54 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.