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How to buy Resimac Group shares
Own Resimac Group shares in just a few minutes.
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Resimac Group Limited is a mortgage finance business based in Australia. Resimac Group shares (RMC) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Resimac Group has a trailing 12-month revenue of around $178.2 million.
How to buy shares in Resimac Group
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Resimac Group . Find the share by name or ticker symbol: RMC. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Resimac Group reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Resimac Group . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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What's in this guide?
Resimac Group share price
Use our graph to track the performance of RMC stocks over time.Resimac Group shares at a glance
Information last updated 2021-02-24.
| 52-week range | $0.3947 - $2.8 |
|---|---|
| 50-day moving average | $2.2978 |
| 200-day moving average | $1.7606 |
| Target price | N/A |
| PE ratio | 19.708 |
| Dividend yield | $0.03 (1.1%) |
| Earnings per share (TTM) | $0.137 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Is it a good time to buy Resimac Group stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Is Resimac Group under- or over-valued?
Valuing Resimac Group stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Resimac Group 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Resimac Group 's P/E ratio
Resimac Group 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, Resimac Group shares trade at around 20x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Resimac Group financials
| Revenue TTM | $178.2 million |
|---|---|
| Operating margin TTM | 44.83% |
| Gross profit TTM | $142.1 million |
| Return on assets TTM | 0.47% |
| Return on equity TTM | 25.59% |
| Profit margin | 31.37% |
| Book value | 0.593 |
| Market capitalisation | $1.1 billion |
TTM: trailing 12 months
Resimac Group share dividends
Dividend payout ratio: 42.86% of net profits
Recently Resimac Group has paid out, on average, around 42.86% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.32% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Resimac Group shareholders could enjoy a 1.32% return on their shares, in the form of dividend payments. In Resimac Group 's case, that would currently equate to about A$0.03 per share.
While Resimac Group 's payout ratio might seem fairly standard, it's worth remembering that Resimac Group may be investing much of the rest of its net profits in future growth.
The latest dividend was paid out to all shareholders who bought their shares by 26 August 2020 (the "ex-dividend date").
Resimac Group share price volatility
Over the last 12 months, Resimac Group 's shares have ranged in value from as little as $0.3947 up to $2.8. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Resimac Group 's is 1.9652. This would suggest that Resimac Group 's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Resimac Group overview
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.
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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