ASX:RMCResimac Group Stock Price, Forecast & News

A$0.84

-0.05 (-5.62 %)

(As of 05/13/2020)

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Today's Range

A$0.84

Now: A$0.84▼

A$0.89

50-Day Range

A$0.54

MA: A$0.73▼

A$0.89

52-Week Range

A$0.40

Now: A$0.84▼

A$1.70

Volume440,607 shs

Average VolumeN/A

Market Capitalization$341.53 million

P/E Ratio6.13

Dividend Yield2.75%

BetaN/A

Resimac Group Ltd, a non-bank financial institution, provides residential mortgage solutions in Australia and New Zealand. The company operates through three segments: Australian Lending Business, New Zealand Lending Business, and Paywise Business. It offers prime and specialist lending products; and home loans, loans for investors, land and construction loans, and bridging loans, as well as refinancing/debt consolidation services. The company also provides mortgage originator, trustee, lender, manager, and broker services; and LMI captive insurer and lender of record services. In addition, it act as a trust manager and servicer; offers salary packaging services to employers; and manages salary packaging arrangements for employees. Further, the company provides fleets and warehouse mortgages. Resimac Group Ltd provides its products and services through brokers and white-label partners, as well as direct-to-customer consumer channel primarily under the Homeloans, RESIMAC, State Custodians, Resimac Direct, and paywise brand names. The company was formerly known as Homeloans Limited and changed its name to Resimac Group Ltd in December 2018. Resimac Group Ltd was founded in 1985 and is based in Sydney, Australia. As of September 30, 2016, Resimac Group Ltd operates as a subsidiary of Somers Limited.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Resimac Group.

2.3 Community Rank

Outperform Votes
Resimac Group has received 13 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Resimac Group has received 15 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Resimac Group has received 53.57% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Resimac Group and other stocks. Vote “Outperform” if you believe RMC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe RMC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Resimac Group is a leading dividend payer. It pays a dividend yield of 2.75%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Resimac Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Resimac Group is 14.60 %. This payout ratio is at a healthy, sustainable level, below 75%.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Resimac Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought A$278,424.00 in company stock and sold A$0.00 in company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Resimac Group is 6.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.81.
Price to Earnings Ratio vs. Sector
The P/E ratio of Resimac Group is 6.13, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 10.21.
Price to Book Value per Share Ratio
Resimac Group has a P/B Ratio of 1.58. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.81 out of 5 stars

Industry, Sector and Symbol

Stock Exchange ASX

Industry Specialty Finance

Sub-IndustryN/A

SectorFinancial Services

Current SymbolASX:RMC

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.resimac.com.au

Phone61 2 8267 2000

Debt

Debt-to-Equity Ratio5,397.26

Current Ratio344.59

Quick Ratio344.59

Price-To-Earnings

Trailing P/E Ratio6.13

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$158.22 million

Price / Sales2.16

Cash FlowA$1.09 per share

Price / Cash Flow0.77

Book ValueA$0.53 per share

Price / Book1.58

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding Shares406,579,008

Market Cap$341.53 million

Next Earnings DateN/A

OptionableNot Optionable

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Resimac Group (ASX:RMC) Frequently Asked Questions

How has Resimac Group's stock been impacted by COVID-19 (Coronavirus)?

Resimac Group's stock was trading at A$0.98 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RMC shares have decreased by 14.3% and is now trading at A$0.84. View which stocks have been most impacted by Coronavirus.

How often does Resimac Group pay dividends? What is the dividend yield for Resimac Group?

Resimac Group declared a Interim dividend on Thursday, February 27th. Stockholders of record on Friday, March 27th will be paid a dividend of 0.012 per share on Friday, March 27th. This represents a dividend yield of 0.86%. The ex-dividend date is Thursday, February 27th. This is a boost from Resimac Group's previous Interim dividend of A$0.01. View Resimac Group's dividend history.

Has Resimac Group been receiving favorable news coverage?

News headlines about RMC stock have trended negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Resimac Group earned a daily sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutResimac Group.

Who are some of Resimac Group's key competitors?

Some companies that are related to Resimac Group include Heartland Group (HGH), Paragon Banking Group (PAG), Atrium Mortgage Investment (AI), Mortgage Advice Bureau (MAB1), Diversified Royalty (DIV), Street Capital Group (SCB), Crown Capital Partners (CRWN), Automotive Finco (AFCC), Difference Capital Financial (DCF), Builders Capital Mortgage (BCF), Trez Capital Mortgage Investment (TZZ), Amphion Innovations (AMP), Dominion Resources Black Warrior Trust (DOMR), Federal Home Loan Mortgage (FHL) and First National Financial (FNLIF). View all competitors.

Who are Resimac Group's key executives?

Resimac Group's management team includes the following people:

Mr. Scott McWilliam, Chief Exec. Officer
Mr. Jason Azzopardi, Chief Financial Officer
Marianne Hannah, Gen. Mang. of Operations
Mr. Will Keall, Head of Marketing
Mr. Kym Carter, Head of HR

What is Resimac Group's stock symbol?

Resimac Group trades on the ASX under the ticker symbol "RMC."

What is Resimac Group's stock price today?

One share of RMC stock can currently be purchased for approximately A$0.84.

How big of a company is Resimac Group?

Resimac Group has a market capitalization of $341.53 million and generates $158.22 million in revenue each year.

What is Resimac Group's official website?

The official website for Resimac Group is www.resimac.com.au.

How can I contact Resimac Group?

The company can be reached via phone at 61 2 8267 2000.

This page was last updated on 5/26/2020 by MarketBeat.com Staff