RESIMAC GROUP LIMITED (RMC)
Share Price Analysis and Chart

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RMC

RMC - RESIMAC GROUP LIMITED

FNArena Sector : Banks
Year End: June
GICS Industry Group : Banks
Debt/EBITDA: 15.99
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.89

22 Jul
2025

0.010

OPEN

$0.89

1.14%

HIGH

$0.90

27,864

LOW

$0.89

TARGET
$0.983 10.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . NAB . SUN . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
RMC: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.7 8.4 xxx
DPS (cps) xxx 7.0 19.0 xxx
EPS Growth xxx - 47.6% - 3.0% xxx
DPS Growth xxx - 12.5% 100.0% xxx
PE Ratio xxx N/A 10.8 xxx
Dividend Yield xxx N/A 21.0% xxx
Div Pay Ratio(%) xxx 80.8% 226.2% xxx

Dividend yield today if purchased 3 years ago: 5.93%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.69

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/03 - ex-div 3.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.7
DPS All xxxxxxxxxxxxxxx7.0
Sales/Revenue xxxxxxxxxxxxxxx1,006.3 M
Book Value Per Share xxxxxxxxxxxxxxx104.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-107.2 M
Net Profit Margin xxxxxxxxxxxxxxx3.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.32 %
Return on Invested Capital xxxxxxxxxxxxxxx0.33 %
Return on Assets xxxxxxxxxxxxxxx0.23 %
Return on Equity xxxxxxxxxxxxxxx8.32 %
Return on Total Capital xxxxxxxxxxxxxxx5.97 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-137.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx4,326 M
Long Term Debt xxxxxxxxxxxxxxx10,097 M
Total Debt xxxxxxxxxxxxxxx14,423 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx871 M
Price To Book Value xxxxxxxxxxxxxxx0.83

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.1 M
Capex % of Sales xxxxxxxxxxxxxxx0.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx16 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx90 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx14,164 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

24/06/2025

1

Buy

$1.00

12.36%

Bell Potter details the extent of recent changes at Resimac Group, including a new CEO, the acquisition of Westpac's ((WBC)) $1.5bn auto portfolio, and a special dividend per share of 12c announced in June following a review of excess capital.

ASIC is also undertaking legal proceedings regarding the treatment of customers in hardship over 2022–2024.

The analyst believes Resimac has scope to grow its novated leasing business and maintains a robust but small exposure to the mortgage market. Both provide optionality for growth, the broker stresses.

Bell Potter has included the $1.5bn loan book and lowered EPS estimates by -10.3% for FY25 and -16% for FY26.

No change to Buy rating. Target price slips to $1 from $1.10.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 19.00 cents and EPS of 6.80 cents.
Bell Potter forecasts a full year FY26 dividend of 7.00 cents and EPS of 9.70 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

05/03/2025

3

Neutral

$0.95

6.74%

Resimac Group's 1H25 headline profit showed a -10% year-on-year decline, primarily driven by higher-than-expected loan losses, with the BDD charge worsening by -$9m compared to the prior half, observes Jarden.

Despite the profit miss, much of the increase in loan losses was attributed to increased coverage levels and methodology changes rather than deteriorating credit quality, highlight the analysts.

The broker highlights solid core earnings growth of $6m half-on-half, while net book growth in mortgages was modest, with a 1% increase to $13.0bn.

While the net interest margin (NIM) fell by -5bps to 1.48%, management expects funding cost tailwinds in the second half.

Jarden lowers its FY25-27 EPS forecasts by -24%, -8%, and -5%, respectively, reflecting the higher loan loss provisions and margin pressures, partially offset by the Westpac ((WBC)) asset finance book consolidation.

Neutral maintained. Target decreased to 95c from 98c.

FORECAST
Jarden forecasts a full year FY25 dividend of 7.00 cents and EPS of 9.00 cents.
Jarden forecasts a full year FY26 dividend of 8.00 cents and EPS of 14.00 cents.
Access Extra Coverage Research History >

RMC STOCK CHART

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