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: 18.59
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.05

27 Mar
2024

-0.040

OPEN

$1.09

-3.67%

HIGH

$1.09

121,951

LOW

$1.05

TARGET
$1.133 7.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ABA . AFG . ANZ . BEN . BOQ . CBA . HLI . MYS . NAB . SUN . VUK . WBC .
FNARENA'S MARKET CONSENSUS FORECASTS
RMC: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 11.0 xxx
DPS (cps) xxx N/A 6.4 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 9.5 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx N/A 58.5% xxx

Dividend yield today if purchased 3 years ago: 3.49%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

7.66

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx16.5
DPS All xxxxxxxxxxxxxxx8.0
Sales/Revenue xxxxxxxxxxxxxxx911.0 M
Book Value Per Share xxxxxxxxxxxxxxx103.8
Net Operating Cash Flow xxxxxxxxxxxxxxx2,021.1 M
Net Profit Margin xxxxxxxxxxxxxxx7.29 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx16.75 %
Return on Invested Capital xxxxxxxxxxxxxxx0.60 %
Return on Assets xxxxxxxxxxxxxxx0.42 %
Return on Equity xxxxxxxxxxxxxxx16.75 %
Return on Total Capital xxxxxxxxxxxxxxx4.91 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,988.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx4,560 M
Long Term Debt xxxxxxxxxxxxxxx9,920 M
Total Debt xxxxxxxxxxxxxxx14,480 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,085 M
Price To Book Value xxxxxxxxxxxxxxx0.88

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx0.2 M
Capex % of Sales xxxxxxxxxxxxxxx0.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx37 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx97 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx13,789 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

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

28/02/2024

3

Neutral

$1.10

4.76%

Resimac Group's profit fell -28% half on half and the interim dividend was down by -12%. The main earnings drag was from lower net interest income (-12%), Macquarie notes, as average loan volumes stagnated and net interest margin fell -7bps.

Competition remains intense for mortgages, as Resimac Group continues to shrink its mortgage book, but the mix-shift towards higher-yielding lending segments presents impairments risk, the broker warns.

Macquarie believes the biggest funding cost headwinds are behind us, and the funding disadvantage to the banks has incrementally closed.

While there are positives, with a potential reduction in funding costs and an uplift in settlements, banks still retain a large funding advantage over non-banks, the broker suggests, and mortgages remains a difficult space to compete in.

Target rises to $1.10 from $1.01, Neutral retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 7.00 cents and EPS of 11.70 cents.
Macquarie forecasts a full year FY25 dividend of 8.00 cents and EPS of 12.10 cents.

Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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RMC STOCK CHART