Resimac Group Share Price and Company Fundamentals



Price
$1.32
Change
0.080 (6.452%)
52 week
1.11 - 2.54

Last traded: Today at 12:11 AM

Resimac Group Limited, a non-bank financial institution, provides residential mortgage and asset finance lending 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; SME/commercial finance products; and home and car loans. The company also provides mortgage originator, trustee, lender, manager, and broker services; and LMI captive insurer and record lending services. In addition, it acts 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

4.77

PB ratio

1.44

Dividend yield

6.45%

Beta

2.09

Market cap

-

Enterprise value

-

Company profile

Primary activitiesOriginator and manufacturer of mortgage management to home owners.
Industry / SectorMortgage Finance / Financial Services
Websitehttps://www.resimac.com.au
Mailing address45 Clarence Street Level 9 Sydney NSW 2000 Australia
Phone / Fax61 2 8267 2000 / 61 2 9248 2304
Share registryCOMPUTERSHARE INVESTOR SERVICES PTY LIMITED

Dividends

More: Resimac Group Dividend history, yield and payout ratio

Dividend yield

6.45%

Dividend amount

$0.08

Payout ratio

23.77%

5Y Avg. yield

2.89%

Resimac Group paid $0.08 dividend and the ex-dividend date was 02 Mar 2022.The dividend payout ratio is 23.77%. 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 $0.08 and the forward dividend yield is 6.35%. 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 2022, following are the company executives and directors listed on Resimac Group.

NameTitleAgeTotal Pay
Mr. Scott McWilliamChief Exec. Officer950.73k
Mr. Jason AzzopardiChief Financial Officer510.5k
Majid MuhammadGen. Mang. of Technology550.75k
Ms. Danielle S. CorcoranCo-Company Sec.616.42k
Andrew MarsdenGen. Mang. Treasury & Securitisation512.88k
Mr. Kym CarterHead of HR
Mr. Peter FitzpatrickCompany Sec.

Profitability and management effectiveness

Profit margin

41.38%

Operating margin

57.96%

Return on assets

0.75%

Return on equity

34.37%

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 and its enterprise value is .

The RMC's stocks Beta value is 2.09 making it 109% 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 $1.32.

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 https://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.