Resimac Group Share Price and Company Fundamentals



Price
$2.32
Change
0.070 (3.111%)
52 week
0.94 - 2.8

Last traded: Today at 6:10 AM

Resimac Group Limited, a non-bank financial institution, provides residential mortgage solutions in Australia and New Zealand. The company operates through Australian Lending Business and New Zealand Lending Business segments. It offers prime and specialist lending products; and home loans. The company also provides mortgage originator, trustee, lender, manager, and broker services; and LMI captive insurer and record lending services. In addition, it act as a trust manager and servicer, and special purpose vehicle; and acts as an issuer of residential mortgage backed securities (RMBS). Further, the company offers warehouse mortgages; and financial management services. 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 Resimac and State Custodians brands. The company was formerly known as Homeloans Limited and changed its name to Resimac Group Resimac Group Limited in December 2018. Resimac Group Limited was founded in 1985 and is based in Sydney, Australia. Resimac Group Limited operates as a subsidiary of Somers Limited.

Key Metrics

PE ratio

11.96

PB ratio

3.37

Dividend yield

1.87%

Beta

1.93

Market cap

$947.5M

Enterprise value

$13.67B

Company profile

Primary activitiesOriginator and manufacturer of mortgage management to home owners.
Industry / SectorMortgage Finance / Financial Services
Websitehttp://www.resimac.com.au
Mailing address45 Clarence Street Level 9 Sydney NSW 2000 Australia
Phone / Fax61 2 8267 2000 /
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Dividends

More: Resimac Group Dividend history, yield and payout ratio

Dividend yield

1.87%

Dividend amount

$0.04

Payout ratio

15.50%

5Y Avg. yield

3.63%

Resimac Group paid $0.04 dividend and the ex-dividend date was 04 Mar 2021.The dividend payout ratio is 15.50%. The dividend payout ratio is defined as the amout of dividend paid divided by the earnings of the company.RMC dividend payout ratio is less than 70. This is ideal as it gives company room to grow the dividends and also the excess earnings can be invested in company for growth.

RMC's forward dividend amount is $0.05 and the forward dividend yield is 2.12%. A forward dividend yield is the percentage of a company's current stock price that it expects to pay out as dividends over a certain time period, generally 12 months. Forward dividend yields are generally used in circumstances where the yield is predictable based on past instances. If not, trailing yields, which indicate the same value over the previous 12 months, are used.

Company Executives

As of Aug 2021, following are the company executives and directors listed on Resimac Group.

NameTitleAgeTotal Pay
Mr. Scott McWilliamChief Exec. Officer993.86k
Mr. Jason AzzopardiChief Financial Officer491.12k
Ms. Danielle S. CorcoranCo-Company Sec.558.71k
Andrew MarsdenGen. Mang. Treasury and Securitisation483.97k
Marianne HannahGen. Mang. of Operations
Mr. Will KeallHead of Marketing
Mr. Kym CarterHead of HR
Mr. Peter FitzpatrickCompany Sec.
Matthew HillierGen. Mang. of Fin.

Profitability and management effectiveness

Profit margin

36.62%

Operating margin

52.86%

Return on assets

0.62%

Return on equity

31.95%

Profitability ratios are a class of financial metrics that are used to assess a business's ability to generate earnings relative to its revenue, operating costs, balance sheet assets, and shareholders' equity over time, using data from a specific point in time.

The return on equity signifies how well the management is running the company in terms of capital management. The ideal return on equity is greater than 10%. The return on equity is calculated as net income divided by total share holders equity.

Valuation and Trading Info

The market capitalization of Resimac Group is 947.5M and its enterprise value is 13.67B. The enterprise value to revenue ratio of RMC is 63.19.

The RMC's stocks Beta value is 1.93 making it 93% more volatile compared to ASX market index. Technology stocks and small caps tend to have higher betas than the market benchmark. This indicates that adding the stock to a portfolio will increase the portfolio’s risk, but also increase its expected return. On the other hand utility stocks often have low betas because they tend to move more slowly than market averages.

Companies similar to Resimac Group (RMC)

Resimac Group (ASX:RMC) Frequently Asked Questions

1. What is Resimac Group's Stock Symbol?

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

2. What is Resimac Group's stock price today?

One share of RMC stock can currently be purchased for approximately $2.32.

3. How can I contact Resimac Group?

Resimac Group's mailing address is 45 Clarence Street Level 9 Sydney NSW 2000 Australia. The company can be reached via phone at 61 2 8267 2000.

4. What is Resimac Group's official website?

The official website of Resimac Group is http://www.resimac.com.au.

5. Which share registry manages Resimac Group's stock?

Resimac Group's stock is managed by COMPUTERSHARE INVESTOR SERVICES PTY LIMITED.