Risk factor
Critical default risk
Profitability factor
Excellent dividends
About
Resimac Group Limited operates as a non-bank financial institution primarily focused on residential mortgage and asset financing across Australia and New Zealand. The company segments its operations geographically, offering a diverse portfolio of lending solutions that include prime and specialist home loans, SME/commercial finance, and vehicle loans. Beyond direct lending, Resimac provides a comprehensive suite of related services, acting as a mortgage originator, trustee, manager, and broker. It also functions as a captive Lenders Mortgage Insurance (LMI) provider. Furthermore, the company is involved in capital markets activities, managing trusts, issuing residential mortgage-backed securities (RMBS), and offering warehouse mortgages and managed investment trust services. Resimac distributes its products and services through a multi-channel strategy, leveraging brokers, wholesale partners, direct retail networks, and a direct-to-consumer platform. Its key brands include Resimac, Resimac Asset Finance, and homeloans.com.au. Founded in Sydney, Australia, in 1985, the company was formerly known as Homeloans Limited before officially rebranding to Resimac Group Limited in December 2018.
Company Valuation
Based on key historical and expected multiples, the stock is undervalued relative to its peers. In particular, the stock is underpriced on P/E. Editor's note: P/CR is P
Target Price
The average target price of RMC.AX is 1.2 and suggests 42.2% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc