Record PLC
LSE:REC
Intrinsic Value
Record Plc engages in the provision of currency management services. [ Read More ]
The intrinsic value of one REC stock under the Base Case scenario is 83.95 GBX. Compared to the current market price of 63.45 GBX, Record PLC is Undervalued by 24%.
Valuation Backtest
Record PLC
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Fundamental Analysis
Record's Growth Strategy Amidst Management Changes
2024-Q2 Earnings Call
Record's leadership transitions are being carefully managed with new senior personnel ready to lead. While the long-term company growth is envisioned, the immediate plan to recoup first-half setbacks relies on new fund launches, counting on an infrastructure fund to generate revenue before year-end, despite uncertainties. Management fees have grown by 3% in the half-year, underpinning the steady growth of the underlying business. Senior team members, involved since intern stages, now helm the strategy, ensuring continuity as they launch and implement new products, including a complex infrastructure fund involving Swiss pension funds and a Dutch originator. This fund, promising higher and longer-lasting fees, has faced delays due to the intricate agreement processes involved.
Balance Sheet Decomposition
Record PLC
Current Assets | 27.9m |
Cash & Short-Term Investments | 14.8m |
Receivables | 13.1m |
Other Current Assets | -10k |
Non-Current Assets | 7.4m |
Long-Term Investments | 4.5m |
PP&E | 1.2m |
Intangibles | 1.6m |
Other Non-Current Assets | 190k |
Current Liabilities | 6.2m |
Accounts Payable | 4.6m |
Other Current Liabilities | 1.6m |
Non-Current Liabilities | 680k |
Long-Term Debt | 550k |
Other Non-Current Liabilities | 130k |
Earnings Waterfall
Record PLC
Revenue
|
44.1m
GBP
|
Cost of Revenue
|
-60k
GBP
|
Gross Profit
|
44m
GBP
|
Operating Expenses
|
-31m
GBP
|
Operating Income
|
13.1m
GBP
|
Other Expenses
|
-3.2m
GBP
|
Net Income
|
9.9m
GBP
|
Free Cash Flow Analysis
Record PLC
What is Free Cash Flow?
REC Profitability Score
Profitability Due Diligence
Record PLC's profitability score is 80/100. The higher the profitability score, the more profitable the company is.
Score
Record PLC's profitability score is 80/100. The higher the profitability score, the more profitable the company is.
REC Solvency Score
Solvency Due Diligence
Record PLC's solvency score is 99/100. The higher the solvency score, the more solvent the company is.
Score
Record PLC's solvency score is 99/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
REC Price Targets Summary
Record PLC
According to Wall Street analysts, the average 1-year price target for REC is 142.8 GBX with a low forecast of 141.4 GBX and a high forecast of 147 GBX.
Shareholder Return
REC Price
Record PLC
Average Annual Return | 44.09% |
Standard Deviation of Annual Returns | 22.46% |
Max Drawdown | -37% |
Market Capitalization | 126.3m GBX |
Shares Outstanding | 191 900 000 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Record Plc engages in the provision of currency management services. The company is headquartered in Windsor, Berkshire and currently employs 81 full-time employees. The company went IPO on 2007-12-03. The firm is an independent, specialist currency and derivatives manager. The company provides bespoke currency hedging, currency for return and additional currency solutions and consulting services. The Company’s solution includes advisory and execution solutions, currency solutions, and investment solutions. Its advisory and execution solutions include forex trade execution, multi-asset implementation, cash management, collateral management, research and advisory and regulatory reporting. Its currency solution includes active currency risk management, passive currency risk management, tenor management, real rates hedging, and volatility neutral hedging. Its investment solutions include currency risk premia/strategy, emerging market debt, frontier markets, and Siegfried trade finance .
Contact
IPO
Employees
Officers
The intrinsic value of one REC stock under the Base Case scenario is 83.95 GBX.
Compared to the current market price of 63.45 GBX, Record PLC is Undervalued by 24%.