LSE:RMDL

Stock Analysis Report

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Executive Summary

RM Secured Direct Lending plc is a publicly owned investment manager. More Details


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

RMDLIndustryMarket
7 Day-1.4%0.5%-0.2%
30 Day-2.5%5.3%3.6%
90 Day8.4%7.8%4.2%
1 Year0.6%-7.2%18.0%14.4%7.0%1.1%
3 Year4.7%-14.0%53.2%35.9%10.6%-2.7%
5 Yearn/a119.4%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

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

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RMDLLSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/03 18:54
End of Day Share Price2021/03/03 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.