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RMB Holdings

DB:R8B
Snowflake Description

Undervalued with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
R8B
DB
ZAR112B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

RMB Holdings Limited, an investment holding company, engages in the retail and commercial banking, corporate and investment banking, installment finance, and investment management businesses in South Africa, the United Kingdom, and Europe. The last earnings update was 37 days ago. More info.


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R8B Share Price and Events
7 Day Returns
6.5%
DB:R8B
5%
DE Diversified Financial
2.8%
DE Market
1 Year Returns
16.7%
DB:R8B
1.4%
DE Diversified Financial
3%
DE Market
R8B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
RMB Holdings (R8B) 6.5% -3.3% -9.4% 16.7% 36.3% 22.9%
DE Diversified Financial 5% 7.8% -5% 1.4% 75.8% 333.7%
DE Market 2.8% 0.2% 1.3% 3% 8% 23.6%
1 Year Return vs Industry and Market
  • R8B outperformed the Diversified Financial industry which returned 1.4% over the past year.
  • R8B outperformed the Market in Germany which returned 3% over the past year.
Price Volatility
R8B
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for RMB Holdings's competitors could be found in our database.

R8B Value

 Is RMB Holdings 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 RMB Holdings 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 RMB Holdings.

DB:R8B 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
= ZAR41.71 * 19.5%
ZAR8.12
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. ZAR41.71
Discount Rate (Cost of Equity) See below 5.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:R8B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 28%) (3.29%))
0.859
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.859 * 5.96%)
5.35%

Discounted Cash Flow Calculation for DB:R8B using Excess Returns Model Model

The calculations below outline how an intrinsic value for RMB Holdings 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.

DB:R8B Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (19.5% – 5.35%) * ZAR41.71)
ZAR5.89
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= ZAR5.89 / (5.35% - 0.23%)
ZAR115.09
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= ZAR41.71 + ZAR115.09
ZAR156.79
DB:R8B Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:R8B represents 0.058x of JSE:RMH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.058x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ZAR) x Listing Adjustment Factor
= ZAR 156.79 x 0.058
€9.09
Value per share (EUR) From above. €9.09
Current discount Discount to share price of €4.62
= -1 x (€4.62 - €9.09) / €9.09
49.2%

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

Current Discount
Amount off the current price RMB Holdings is available for.
Intrinsic value
49%
Share price is €4.62 vs Future cash flow value of €9.09
Current Discount Checks
For RMB Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • RMB Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • RMB Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 RMB Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are RMB Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:R8B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in ZAR ZAR7.07
JSE:RMH Share Price ** JSE (2019-10-11) in ZAR ZAR79.65
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

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

** Primary Listing of RMB Holdings.

DB:R8B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= JSE:RMH Share Price ÷ EPS (both in ZAR)

= 79.65 ÷ 7.07

11.27x

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

  • RMB Holdings is good value based on earnings compared to the DE Diversified Financial industry average.
  • RMB Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does RMB Holdings's expected growth come at a high price?
Raw Data
DB:R8B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-2.8%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 265 Publicly-Listed Companies 1.39x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for RMB Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on RMB Holdings's assets?
Raw Data
DB:R8B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in ZAR ZAR34.89
JSE:RMH Share Price * JSE (2019-10-11) in ZAR ZAR79.65
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 598 Publicly-Listed Companies 1.74x
DB:R8B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= JSE:RMH Share Price ÷ Book Value per Share (both in ZAR)

= 79.65 ÷ 34.89

2.28x

* Primary Listing of RMB Holdings.

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

  • RMB Holdings is good value based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess RMB Holdings'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 Diversified Financial 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 Diversified Financial industry average (and greater than 0)? (1 check)
  5. RMB Holdings has a total score of 5/6, 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.

R8B Future Performance

 How is RMB Holdings expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover RMB Holdings, future earnings growth has been estimated based on fundamentals.
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
-2.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is RMB Holdings expected to grow at an attractive rate?
  • RMB Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • RMB Holdings's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Unable to compare RMB Holdings's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:R8B Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:R8B Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -2.8%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:R8B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in ZAR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:R8B Future Estimates Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30
2021-06-30
2020-06-30
2019-10-13
DB:R8B Past Financials Data
Date (Data in ZAR Millions) Revenue Cash Flow Net Income *
2019-06-30 7 5,187 9,978
2019-03-31 -24 4,962 9,898
2018-12-31 -55 4,737 9,818
2018-09-30 -28 4,965 9,189
2018-06-30 -1 5,193 8,560
2018-03-31 11 4,935 8,435
2017-12-31 23 4,676 8,309
2017-09-30 24 4,537 8,256
2017-06-30 25 4,397 8,202
2017-03-31 39 4,369 8,127
2016-12-31 52 4,340 8,051
2016-09-30 23 4,307 7,805

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • RMB Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if RMB Holdings is high growth as no revenue estimate data is available.
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
DB:R8B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from RMB Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R8B Future Estimates Data
Date (Data in ZAR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30
2021-06-30
2020-06-30
2019-10-13
DB:R8B Past Financials Data
Date (Data in ZAR Millions) EPS *
2019-06-30 7.07
2019-03-31 7.01
2018-12-31 6.96
2018-09-30 6.51
2018-06-30 6.07
2018-03-31 5.98
2017-12-31 5.89
2017-09-30 5.85
2017-06-30 5.81
2017-03-31 5.76
2016-12-31 5.71
2016-09-30 5.53

*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.
  • RMB Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess RMB Holdings'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
RMB Holdings 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.

R8B Past Performance

  How has RMB Holdings 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 RMB Holdings's growth in the last year to its industry (Diversified Financial).
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.
  • RMB Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • RMB Holdings's 1-year earnings growth exceeds its 5-year average (16.6% vs 7.6%)
  • RMB Holdings's earnings growth has exceeded the Europe Diversified Financial industry average in the past year (16.6% vs 3.5%).
Earnings and Revenue History
RMB Holdings'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 RMB Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:R8B Past Revenue, Cash Flow and Net Income Data
Date (Data in ZAR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 7.00 9,978.00 149.00
2019-03-31 -24.00 9,898.00 129.00
2018-12-31 -55.00 9,818.00 109.00
2018-09-30 -28.00 9,189.00 82.50
2018-06-30 -1.00 8,560.00 56.00
2018-03-31 11.00 8,434.50 43.00
2017-12-31 23.00 8,309.00 30.00
2017-09-30 24.00 8,255.50 35.00
2017-06-30 25.00 8,202.00 40.00
2017-03-31 38.50 8,126.50 44.50
2016-12-31 52.00 8,051.00 49.00
2016-09-30 22.50 7,805.00 32.50
2016-06-30 -7.00 7,559.00 16.00
2016-03-31 197.50 7,701.00 13.50
2015-12-31 402.00 7,843.00 11.00
2015-09-30 459.50 7,806.00 26.00
2015-06-30 517.00 7,769.00 41.00
2015-03-31 311.50 7,245.50 48.50
2014-12-31 106.00 6,722.00 56.00
2014-09-30 71.50 6,529.50 48.00
2014-06-30 37.00 6,337.00 40.00
2014-03-31 31.50 6,000.50 35.00
2013-12-31 26.00 5,664.00 30.00
2013-09-30 24.50 5,349.50 35.50
2013-06-30 23.00 5,035.00 41.00
2013-03-31 26.00 4,895.00 44.00
2012-12-31 29.00 4,841.00 47.00

*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.
  • RMB Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • RMB Holdings used its assets more efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • It is difficult to establish if RMB Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess RMB Holdings'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 Diversified Financial 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.
RMB Holdings has a total score of 5/6, 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.

R8B Health

 How is RMB Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up RMB Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • RMB Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • RMB Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of RMB Holdings'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
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 RMB Holdings Company Filings, last reported 3 months ago.

DB:R8B Past Debt and Equity Data
Date (Data in ZAR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 49,303.00 3,697.00 117.00
2019-03-31 49,303.00 3,697.00 117.00
2018-12-31 47,495.00 3,716.00 76.00
2018-09-30 47,495.00 3,716.00 76.00
2018-06-30 46,323.00 2,692.00 300.00
2018-03-31 46,323.00 2,692.00 300.00
2017-12-31 42,676.00 2,138.00 81.00
2017-09-30 42,676.00 2,138.00 81.00
2017-06-30 41,381.00 2,154.00 258.00
2017-03-31 41,381.00 2,154.00 258.00
2016-12-31 39,485.00 2,137.00 21.00
2016-09-30 39,485.00 2,137.00 21.00
2016-06-30 38,244.00 1,218.00 253.00
2016-03-31 38,244.00 1,218.00 253.00
2015-12-31 36,902.00 1,217.00 16.00
2015-09-30 36,902.00 1,217.00 16.00
2015-06-30 35,174.00 1,221.00 281.00
2015-03-31 35,174.00 1,221.00 281.00
2014-12-31 32,898.00 1,229.00 15.00
2014-09-30 32,898.00 1,229.00 15.00
2014-06-30 32,220.00 1,272.00 212.00
2014-03-31 32,220.00 1,272.00 212.00
2013-12-31 30,188.00 1,180.00 29.00
2013-09-30 30,188.00 1,180.00 29.00
2013-06-30 29,071.00 1,234.00 75.00
2013-03-31 29,318.00 1,234.00 75.00
2012-12-31 27,148.00 1,330.00 11.00
  • RMB Holdings's level of debt (7.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (3.9% vs 7.5% today).
  • Debt is well covered by operating cash flow (140.3%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on RMB Holdings's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess RMB Holdings'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. RMB Holdings has a total score of 3/6, 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.

R8B Dividends

 What is RMB Holdings'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
4.72%
Current annual income from RMB Holdings dividends. Estimated to be 5.49% next year.
If you bought €2,000 of RMB Holdings shares you are expected to receive €94 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?
  • RMB Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • RMB Holdings's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
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
DB:R8B 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 2 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

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

DB:R8B Future Dividends Estimate Data
Date (Data in ZAR) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 4.82 2.00
2021-06-30 4.32 2.00
2020-06-30 3.98 2.00
2019-10-13
DB:R8B Past Annualized Dividends Data
Date (Data in ZAR) Dividend per share (annual) Avg. Yield (%)
2019-09-06 3.760 4.871
2018-10-24 3.510 4.462
2018-09-07 3.510 4.711
2017-10-26 3.480 4.626
2017-09-08 3.480 5.412
2016-10-26 2.950 4.690
2016-09-09 2.950 5.055
2016-03-08 2.960 5.126
2015-09-11 2.760 4.613
2014-09-10 2.275 3.537
2014-03-05 2.045 3.907
2013-09-11 1.705 3.674
2013-03-06 1.395 3.482
2012-09-28 1.255 3.111
2012-02-29 1.103 3.207
2011-09-14 1.010 3.747
2011-03-09 1.127 4.315
2010-09-15 1.240 3.360
2010-03-11 0.990 3.002
2009-08-31 0.990 3.477
2009-07-15 0.990 3.908
2008-10-14 1.415 6.389

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of RMB Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess RMB Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 RMB Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. RMB Holdings has a total score of 5/6, see the detailed checks below.


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

R8B Management

 What is the CEO of RMB Holdings'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
Herman Bosman
COMPENSATION ZAR2,777,000
AGE 51
TENURE AS CEO 5.1 years
CEO Bio

Mr. Hermanus Lambertus Bosman, also known as Herman, BCom (Law), LLB, LLM, CFA has been the Chief Executive Officer and Financial Director of Rand Merchant Investment Holdings Limited since September 11, 2014. Mr. Bosman has been Chief Executive Officer and Financial Director of RMB Holdings Ltd since September 10, 2014. He has been an Executive Director of Rand Merchant Investment Holdings Limited since April 02, 2014. He has been an Executive Director of RMB Holdings Ltd., since April 2, 2014. Mr. Bosman is a respected leader in the South African banking industry. Mr. Bosman was in the employed at Rand Merchant Bank (RMB) for 12 years. He served as the Chief Country Officer and Head of Global Banking for South Africa at Deutsche Bank AG from November 2006 to September 16, 2013 and served as its Chief Executive Officer from 2006 to 2013. Mr. Bosman has acted as a professional adviser to Discovery on numerous occasions. Mr. Bosman was responsible for the strategic direction of its South African operations and for the leadership of its corporate finance platform. He joined Deutsche Bank AG from Rand Merchant Bank (RMB), where he served as the Head of Corporate Finance from 2000 to 2006 and Director. He led the Corporate Finance Department at RMB since 2000, in that time he worked on a number of South Africa's largest and most significant mergers, acquisitions and listings. He has been a Non Executive Director at FirstRand Limited and FirstRand Bank Limited since April 03, 2017. He has been a Non-Executive Director at Discovery Limited since April 14, 2014. He serves as a Director of Business and Arts South Africa. He serves on the Board of Governors of the University of Johannesburg. He has been a Non-Executive Director of Hastings Group Holdings plc since March 14, 2017. Mr. Bosman holds a LLM degree from the University of Johannesburg and is a Chartered Financial Analyst.

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

Average tenure of the RMB Holdings management team in years:

5.1
Average Tenure
  • The average tenure for the RMB Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Herman Bosman

TITLE
CEO, Financial Director & Executive Director
COMPENSATION
ZAR3M
AGE
51
TENURE
5.1 yrs

Ellen Marais

TITLE
Financial Manager & Secretary
TENURE
8 yrs

Brian Roberts

TITLE
Chief Executive Officer of RMH Property
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the RMB Holdings board of directors in years:

5.4
Average Tenure
56.5
Average Age
  • The tenure for the RMB Holdings board of directors is about average.
Board of Directors

Jannie Durand

TITLE
Non-Executive Chairman
COMPENSATION
ZAR209K
AGE
52
TENURE
1.6 yrs

Herman Bosman

TITLE
CEO, Financial Director & Executive Director
COMPENSATION
ZAR3M
AGE
51
TENURE
5.5 yrs

Sen De Bruyn Sebotsa

TITLE
Independent Non-Executive Director
COMPENSATION
ZAR232K
AGE
47
TENURE
11.7 yrs

Murphy Morobe

TITLE
Lead Independent Director
COMPENSATION
ZAR170K
AGE
62
TENURE
1.5 yrs

Paul Harris

TITLE
Non-Executive Director
COMPENSATION
ZAR167K
AGE
69
TENURE
31.9 yrs

Laurie Dippenaar

TITLE
Non-Executive Director
COMPENSATION
ZAR167K
AGE
70
TENURE
31.9 yrs

Peter Cooper

TITLE
Non-Executive Director
COMPENSATION
ZAR37M
AGE
63
TENURE
5.1 yrs

Albertina Kekana

TITLE
Non-Executive Director
COMPENSATION
ZAR167K
AGE
46
TENURE
6.7 yrs

Obakeng Phetwe

TITLE
Non-Executive Director
COMPENSATION
ZAR140K
AGE
41
TENURE
2.1 yrs

Johan Burger

TITLE
Non-Executive Director
COMPENSATION
ZAR167K
AGE
61
TENURE
5.3 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 (€) Value (€)
X
Management checks
We assess RMB Holdings'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. RMB Holdings 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.

R8B News

Simply Wall St News

R8B Company Info

Description

RMB Holdings Limited, an investment holding company, engages in the retail and commercial banking, corporate and investment banking, installment finance, and investment management businesses in South Africa, the United Kingdom, and Europe. It is also involved in the property investment business comprising building and managing office, retail, and industrial properties; urban renewal business; and mezzanine debt and equity funding business. The company was founded in 1987 and is based in Sandton, South Africa.

Details
Name: RMB Holdings Limited
R8B
Exchange: DB
Founded: 1987
ZAR6,898,414,915
1,411,527,379
Website: http://www.rmh-online.co.za
Address: RMB Holdings Limited
2 Merchant Place,
3rd Floor,
Sandton,
Gauteng, 2196,
South Africa
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
JSE RMH Ordinary Shares The Johannesburg Securities Exchange ZA ZAR 23. Mar 1994
DB R8B Ordinary Shares Deutsche Boerse AG DE EUR 23. Mar 1994
Number of employees
Current staff
Staff numbers
0
RMB Holdings employees.
Industry
Other Diversified Financial Services
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/13 21:36
End of day share price update: 2019/10/11 00:00
Last estimates confirmation: 2019/09/10
Last earnings filing: 2019/09/06
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.