Resimac Group Share Price and Company Fundamentals
Last traded: Today at 5:29 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.
|Primary activities||Originator and manufacturer of mortgage management to home owners.|
|Industry / Sector||Mortgage Finance / Financial Services|
|Mailing address||45 Clarence Street Level 9 Sydney NSW 2000 Australia|
|Phone / Fax||61 2 8267 2000 /|
|Share registry||COMPUTERSHARE INVESTOR SERVICES PTY LIMITED|
|16 Oct 2020||Annual Report to shareholders|
5Y Avg. yield
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 2.00%. 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.
As of May 2021, following are the company executives and directors listed on Resimac Group.
|Mr. Scott McWilliam||Chief Exec. Officer||993.86k|
|Mr. Jason Azzopardi||Chief Financial Officer||491.12k|
|Ms. Danielle S. Corcoran||Co-Company Sec.||558.71k|
|Andrew Marsden||Gen. Mang. Treasury and Securitisation||483.97k|
|Marianne Hannah||Gen. Mang. of Operations|
|Mr. Will Keall||Head of Marketing|
|Mr. Kym Carter||Head of HR|
|Mr. Peter Fitzpatrick||Company Sec.|
|Matthew Hillier||Gen. Mang. of Fin.|
Profitability and management effectiveness
Return on assets
Return on equity
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 971.29M and its enterprise value is 13.72B. The enterprise value to revenue ratio of RMC is 63.44.
The RMC's stocks Beta value is 1.94 making it 94% 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)
- Australia And New Zealand Banking Group (ANZ)
- Bank Of Queensland (BOQ)
- Bendigo And Adelaide Bank (BEN)
- Commonwealth Bank Of Australia (CBA)
- National Australia Bank (NAB)
- Virgin Money Uk Plc (VUK)
- Westpac Banking Corporation (WBC)
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 $2.38.
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.