RESIMAC GROUP LIMITED (RMC)
Share Price Analysis and Chart

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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

$0.93

29 Nov
2024

0.020

OPEN

$0.90

2.20%

HIGH

$0.94

291,214

LOW

$0.89

TARGET
$1.10 18.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . 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 11.8 xxx
DPS (cps) xxx 7.0 6.4 xxx
EPS Growth xxx - 47.6% 36.6% xxx
DPS Growth xxx - 12.5% - 9.0% xxx
PE Ratio xxx N/A 7.9 xxx
Dividend Yield xxx N/A 6.8% xxx
Div Pay Ratio(%) xxx 80.8% 53.8% xxx

Dividend yield today if purchased 3 years ago: 4.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.53

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 © 2024 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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

02/09/2024

3

Neutral

$1.00

7.53%

Macquarie observes Resimac Group's loan book resumed growth in 2H24 which resulted in a reduction in net interest margins by -12 basis points.

Funding costs are expected to trend lower with new issuance demand underpinning low issuance spreads, but the drive for new mortgage origination is anticipated to put pressure on margins.

The broker downgrades EPS forecasts by -18% in FY25 and -7% in FY26, because of margin pressures.

Target price shifts to $1 from $1.05. Neutral rating unchanged.

FORECAST
Macquarie forecasts a full year FY25 dividend of 7.00 cents and EPS of 9.00 cents.
Macquarie forecasts a full year FY26 dividend of 7.00 cents and EPS of 12.40 cents.

Citi

xx/xx/xxxx

3

xxxxxxx, xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
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

04/09/2024

3

Neutral

$0.98

5.38%

FY24 profit from Resimac Group was in line with the pre-released data, with Jarden noting volume growth was more than offset by a sharp erosion of margins and higher loan losses.

Going forward the broker is encouraged that the worst is likely to be over and earnings will improve for FY25 as lower funding costs provide flexibility to pursue growth.

FY25 and FY26 EPS forecasts are cut by -8%. Neutral rating retained, despite the attractive yield, as Jarden awaits confirmation of the strategy with the incoming CEO. Target is raised to $0.98 from $0.93.

FORECAST
Jarden forecasts a full year FY25 dividend of 7.00 cents and EPS of 12.00 cents.
Jarden forecasts a full year FY26 dividend of 7.00 cents and EPS of 15.00 cents.
Access Extra Coverage Research History >

RMC STOCK CHART

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