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Resimac Group

ASX:RMC
Snowflake Description

Acceptable track record and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RMC
ASX
A$419M
Market Cap
  1. Home
  2. AU
  3. Banks
Company description

Resimac Group Ltd, a non-bank financial institution, provides residential mortgage solutions in Australia and New Zealand. The last earnings update was 80 days ago. More info.


Add to Portfolio Compare Print
  • Resimac Group has significant price volatility in the past 3 months.
RMC Share Price and Events
7 Day Returns
9%
ASX:RMC
-3.3%
AU Mortgage
0%
AU Market
1 Year Returns
89%
ASX:RMC
42.3%
AU Mortgage
15.3%
AU Market
RMC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Resimac Group (RMC) 9% 10.8% 32.9% 89% 139.5% -
AU Mortgage -3.3% 4.5% 21% 42.3% 19.4% -11.2%
AU Market 0% 0.5% 4.7% 15.3% 21.6% 20.7%
1 Year Return vs Industry and Market
  • RMC outperformed the Mortgage industry which returned 42.3% over the past year.
  • RMC outperformed the Market in Australia which returned 15.3% over the past year.
Price Volatility
RMC
Industry
5yr Volatility vs Market

RMC Value

 Is Resimac Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Resimac Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Resimac Group.

ASX:RMC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= A$0.38 * 14.5%
A$0.06
Book Value of Equity per Share Median Book Value from the past 5 years. A$0.38
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:RMC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.84
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.838 (1 + (1- 30%) (2495.89%))
1.071
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.071 * 5.96%)
8.69%

Discounted Cash Flow Calculation for ASX:RMC using Excess Returns Model Model

The calculations below outline how an intrinsic value for Resimac Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

ASX:RMC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (14.5% – 8.69%) * A$0.38)
A$0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= A$0.02 / (8.69% - 2.31%)
A$0.35
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= A$0.38 + A$0.35
A$0.73
ASX:RMC Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.73
Current discount Discount to share price of A$1.03
= -1 x (A$1.03 - A$0.73) / A$0.73
-41.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Resimac Group is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Resimac Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Resimac Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:RMC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in AUD A$0.12
ASX:RMC Share Price ** ASX (2019-11-15) in AUD A$1.03
Global Mortgage Industry PE Ratio Median Figure of 174 Publicly-Listed Mortgage Companies 13.93x
Australia Market PE Ratio Median Figure of 519 Publicly-Listed Companies 18.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Resimac Group.

ASX:RMC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:RMC Share Price ÷ EPS (both in AUD)

= 1.03 ÷ 0.12

8.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Resimac Group is good value based on earnings compared to the Global Mortgage industry average.
  • Resimac Group is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Resimac Group's expected growth come at a high price?
Raw Data
ASX:RMC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.76x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-14.7%per year
Global Mortgage Industry PEG Ratio Median Figure of 73 Publicly-Listed Mortgage Companies 1.02x
Australia Market PEG Ratio Median Figure of 346 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

ASX:RMC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.76x ÷ -14.7%

-0.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Resimac Group earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Resimac Group's assets?
Raw Data
ASX:RMC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in AUD A$0.48
ASX:RMC Share Price * ASX (2019-11-15) in AUD A$1.03
Australia Mortgage Industry PB Ratio Median Figure of 6 Publicly-Listed Mortgage Companies 0.99x
Australia Market PB Ratio Median Figure of 1,585 Publicly-Listed Companies 1.71x
ASX:RMC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:RMC Share Price ÷ Book Value per Share (both in AUD)

= 1.03 ÷ 0.48

2.13x

* Primary Listing of Resimac Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Resimac Group is overvalued based on assets compared to the AU Mortgage industry average.
X
Value checks
We assess Resimac Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. Resimac Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RMC Future Performance

 How is Resimac Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-14.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Resimac Group expected to grow at an attractive rate?
  • Resimac Group's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Resimac Group's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Resimac Group's revenues are expected to decrease over the next 1-3 years, this is below the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:RMC Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:RMC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -14.7%
ASX:RMC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -5.9%
Global Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
Global Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Australia Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:RMC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:RMC Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 129 36 1
2020-06-30 123 34 1
2019-11-15
ASX:RMC Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-06-30 144 -1,688 47
2019-03-31 141 -1,767 40
2018-12-31 139 -1,845 32
2018-09-30 135 -1,895 29
2018-06-30 131 -1,945 25
2018-03-31 131 -1,829 24
2017-12-31 131 -1,713 22
2017-09-30 124 -1,460 19
2017-06-30 118 -1,206 16
2017-03-31 106 -1,054 14
2016-12-31 95 -902 11
2016-09-30 86 -826 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Resimac Group's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Resimac Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:RMC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Resimac Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RMC Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.09 0.09 0.09 1.00
2020-06-30 0.08 0.08 0.08 1.00
2019-11-15
ASX:RMC Past Financials Data
Date (Data in AUD Millions) EPS *
2019-06-30 0.12
2019-03-31 0.10
2018-12-31 0.08
2018-09-30 0.07
2018-06-30 0.06
2018-03-31 0.06
2017-12-31 0.06
2017-09-30 0.05
2017-06-30 0.04
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Resimac Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Resimac Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Resimac Group has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RMC Past Performance

  How has Resimac Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Resimac Group's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Resimac Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Resimac Group's 1-year earnings growth exceeds its 5-year average (86.4% vs 42.2%)
  • Resimac Group's earnings growth has exceeded the Global Mortgage industry average in the past year (86.4% vs 17.8%).
Earnings and Revenue History
Resimac Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Resimac Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RMC Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 144.22 47.19 41.67
2019-03-31 141.31 39.74 42.15
2018-12-31 138.86 32.30 41.93
2018-09-30 134.97 28.81 41.41
2018-06-30 130.61 25.32 41.59
2018-03-31 130.76 23.68 41.37
2017-12-31 130.90 22.04 41.14
2017-09-30 124.28 18.90 40.64
2017-06-30 117.66 15.77 40.14
2017-03-31 106.15 13.60 37.05
2016-12-31 94.64 11.43 33.96
2016-09-30 86.34 12.24 32.18
2016-06-30 78.04 13.04 30.41
2015-06-30 64.49 7.56 37.72
2014-06-30 61.57 -4.76 34.46
2013-06-30 61.94 -4.21 35.76

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Resimac Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Resimac Group used its assets less efficiently than the Global Mortgage industry average last year based on Return on Assets.
  • Unable to establish if Resimac Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Resimac Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Resimac Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RMC Health

 How is Resimac Group's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Resimac Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Resimac Group Company Filings, last reported 4 months ago.

ASX:RMC Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 196.12 10,452.19 281.37
2019-03-31 196.12 10,452.19 281.37
2018-12-31 167.69 9,693.84 394.73
2018-09-30 167.69 9,693.84 394.73
2018-06-30 162.73 8,717.41 242.50
2018-03-31 162.73 8,717.41 242.50
2017-12-31 152.34 7,649.89 211.54
2017-09-30 152.34 7,649.89 211.54
2017-06-30 141.21 6,712.53 194.85
2017-03-31 141.21 6,712.53 194.85
2016-12-31 136.86 5,982.79 254.70
2016-09-30 136.86 5,982.79 254.70
2016-06-30 82.34 5,354.34 207.94
2015-06-30 69.80 4,595.59 217.07
2014-06-30 60.96 5,140.42 176.87
2013-06-30 66.78 3,277.43 139.99
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Unable to establish if Resimac Group has an acceptable proportion of non-loan assets without balance sheet data.
  • Unable to establish if Resimac Group's liabilities are primarily made up of low risk funding sources without deposits or liabilities data.
  • Resimac Group reports no customer deposits, loans are made up entirely of borrowed funds.
  • Resimac Group's level of assets compared to its equity is very high (i.e. bank has borrowed heavily to fund lending).
  • Unable to establish if Resimac Group has a sufficient allowance for bad loans without relevant financial data.
  • Unable to establish if Resimac Group has an acceptable level of bad loans without bad loans data.
X
Financial health checks
We assess Resimac Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Resimac Group has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RMC Dividends

 What is Resimac Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.94%
Current annual income from Resimac Group dividends. Estimated to be 2.72% next year.
If you bought A$2,000 of Resimac Group shares you are expected to receive A$39 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Resimac Group's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.36%).
  • Resimac Group's dividend is below the markets top 25% of dividend payers in Australia (5.58%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:RMC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Global Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 131 Stocks 2.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 391 Stocks 4.1%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.4%
Australia Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:RMC Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.03 1.00
2020-06-30 0.03 1.00
2019-11-15
ASX:RMC Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-08-27 0.020 2.202
2019-02-25 0.020 3.276
2018-08-23 0.018 3.278
2018-02-21 0.018 3.115
2017-08-28 0.015 3.010
2017-02-28 0.015 3.553

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Resimac Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Resimac Group only paid a dividend in the past 3 years.
Current Payout to shareholders
What portion of Resimac Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess Resimac Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Resimac Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Resimac Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RMC Management

 What is the CEO of Resimac Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Scott McWilliam
COMPENSATION A$899,806
TENURE AS CEO 0.8 years
CEO Bio

Mr. Scott McWilliam has been Chief Executive Officer of Resimac Group Ltd since January 18, 2019. He was Joint Chief Executive Officer of Resimac Group Ltd (formerly known as Homeloans Limited) since October 2016 until January 18, 2019 and served as its Joint Deputy Managing Director October 2016. Mr. McWilliam serves as Joint Chief Executive Officer at RESIMAC Financial Services Pty Limited. He joined Homeloans Limited in 2004 and served as its Chief Executive Officer for 5 years since January 1, 2013 and also served as its Chief Operating Officer. Mr. McWilliam served as General Manager of Funding & Operations and General Manager of Wholesale Funding of Homeloans Limited. He has over 19 years of extensive experience in the financial services industry including securitization, interest rate derivatives and mortgage banking. Prior to joining Homeloans, he held senior roles at Deutsche Bank in London and Sydney and Citibank in London in the area of Debt Capital Markets. He has worked in Financial Services since 1996. He served as Director of Homeloans Limited.

CEO Compensation
  • Scott's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Scott's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Resimac Group management team in years:

1.3
Average Tenure
  • The average tenure for the Resimac Group management team is less than 2 years, this suggests a new team.
Management Team

Scott McWilliam

TITLE
Chief Executive Officer
COMPENSATION
A$900K
TENURE
0.8 yrs

Jason Azzopardi

TITLE
Chief Financial Officer
COMPENSATION
A$420K
TENURE
1.3 yrs

Marianne Hannah

TITLE
General Manager of Operations

Will Keall

TITLE
Head of Marketing

Kym Carter

TITLE
Head of Human Resources

Peter Fitzpatrick

TITLE
Company Secretary
TENURE
3.1 yrs

Danielle Corcoran

TITLE
Co-Company Secretary
TENURE
1.2 yrs

Matthew Hillier

TITLE
General Manager of Finance
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure of the Resimac Group board of directors in years:

2.5
Average Tenure
  • The average tenure for the Resimac Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Chum Darvall

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$137K
TENURE
2 yrs

Warren McLeland

TITLE
Non-Executive Director
COMPENSATION
A$82K
AGE
73
TENURE
3.1 yrs

Susan Wood-Hansen

TITLE
Independent Non-Executive Director
COMPENSATION
A$122K
TENURE
3.1 yrs

Duncan Saville

TITLE
Non-Executive Director
COMPENSATION
A$70K
AGE
62
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Resimac Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Resimac Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RMC News

Simply Wall St News

Do Resimac Group's (ASX:RMC) Earnings Warrant Your Attention?

So if you're like me, you might be more interested in profitable, growing companies, like Resimac Group (ASX:RMC). … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS. … As a result, I'm encouraged by the fact that insiders own Resimac Group shares worth a considerable sum.

Simply Wall St -

What Kind Of Shareholder Appears On The Resimac Group Ltd's (ASX:RMC) Shareholder Register?

The big shareholder groups in Resimac Group Ltd (ASX:RMC) have power over the company. … View our latest analysis for Resimac Group ASX:RMC Ownership Summary, August 9th 2019 What Does The Institutional Ownership Tell Us About Resimac Group? … Insider Ownership Of Resimac Group The definition of an insider can differ slightly between different countries, but members of the board of directors always count.

Simply Wall St -

Resimac Group Ltd (ASX:RMC) Is An Attractive Dividend Stock - Here's Why

Dividend paying stocks like Resimac Group Ltd (ASX:RMC) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Resimac Group pays a 3.2% dividend yield, and has been paying dividends for the past two years. … Conclusion To summarise, shareholders should always check that Resimac Group's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

What Kind Of Shareholder Appears On The Resimac Group Ltd's (ASX:RMC) Shareholder Register?

A look at the shareholders of Resimac Group Ltd (ASX:RMC) can tell us which group is most powerful. … With a market capitalization of AU$232m, Resimac Group is a small cap stock, so it might not be well known by many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

4 Days Left Until Resimac Group Ltd (ASX:RMC) Trades Ex-Dividend

Investors who want to cash in on Resimac Group Ltd's (ASX:RMC) upcoming dividend of AU$0.01 per share have only 4 days left to buy the shares before its ex-dividend date, 05 March 2019, in time for dividends payable on the 25 March 2019. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Resimac Group's latest financial data to analyse its dividend characteristics. … Will the company be able to keep paying dividend based on the future earnings growth

Simply Wall St -

Is Resimac Group Ltd (ASX:RMC) A Smart Pick For Income Investors?

Resimac Group Ltd (ASX:RMC) has paid a dividend to shareholders in the last few years. … Let's dig deeper into whether Resimac Group should have a place in your portfolio. … See our latest analysis for Resimac Group

Simply Wall St -

RMC Company Info

Description

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. 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 offers services to manage salary packaging arrangements to employers and 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 Resimac and State Custodians brands. 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.

Details
Name: Resimac Group Ltd
RMC
Exchange: ASX
Founded: 1985
A$418,776,053
406,578,693
Website: http://www.resimac.com.au
Address: Resimac Group Ltd
45 Clarence Street,
Level 9,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX RMC Ordinary Shares Australian Securities Exchange AU AUD 26. Oct 2016
CHIA RMC Ordinary Shares Chi-X Australia AU AUD 26. Oct 2016
Number of employees
Current staff
Staff numbers
0
Resimac Group employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 10:42
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/08/27
Last earnings filing: 2019/08/27
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.