Financials RM plc

Equities

Market Closed - London S.E. Other stock markets 11:35:20 2024-04-26 am EDT			5-day change	1st Jan Change
73.75 ^GBX	+0.68%		+7.27%	+13.11%

Mar. 18	RM loss widens as closes school supply arm and sets new plan	AN
Mar. 14	Transcript : RM plc, 2023 Earnings Call, Mar 14, 2024

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	238.2	169.9	167.6	38.3	43.96	61.4	-	-
Enterprise Value (EV) ¹	253.2	171.2	185.8	85.11	89.56	114.4	111.8	105.5
P/E ratio	-	20.4 x	40.4 x	-2.64 x	-1.51 x	369 x	11.5 x	8.1 x
Yield	0.69%	1.46%	2.33%	-	-	-	-	-
Capitalization / Revenue	1.06 x	0.9 x	0.79 x	0.18 x	0.23 x	0.33 x	0.32 x	0.31 x
EV / Revenue	1.13 x	0.91 x	0.88 x	0.4 x	0.46 x	0.62 x	0.58 x	0.53 x
EV / EBITDA	8.66 x	9.43 x	8.17 x	6.74 x	12.8 x	9.15 x	6.78 x	5.73 x
EV / FCF	-	11.2 x	-43.9 x	-3.81 x	-7.75 x	-60.2 x	22.4 x	12 x
FCF Yield	-	8.93%	-2.28%	-26.3%	-12.9%	-1.66%	4.47%	8.34%
Price to Book	-	3.1 x	1.95 x	0.63 x	2.48 x	3.78 x	2.6 x	1.87 x
Nbr of stocks (in thousands)	81,862	82,476	82,962	83,256	83,256	83,256	-	-
Reference price ²	2.910	2.060	2.020	0.4600	0.5280	0.7375	0.7375	0.7375
Announcement Date	2/4/20	2/9/21	2/15/22	3/5/23	3/14/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	223.8	189	210.9	214.2	195.2	183.5	191.3	199.5
EBITDA ¹	29.22	18.15	22.75	12.63	7	12.5	16.5	18.4
EBIT ¹	-	14.44	18.47	7.483	0.311	8	12	13.9
Operating Margin	-	7.64%	8.76%	3.49%	0.16%	4.36%	6.27%	6.97%
Earnings before Tax (EBT) ¹	-	10.49	5.618	-20.79	-41.24	0.3	6.8	9.7
Net income ¹	-	8.414	4.194	-14.5	-29.1	0.2	5.3	7.6
Net margin	-	4.45%	1.99%	-6.77%	-14.91%	0.11%	2.77%	3.81%
EPS ²	-	0.1010	0.0500	-0.1740	-0.3490	0.002000	0.0640	0.0910
Free Cash Flow ¹	-	15.3	-4.232	-22.36	-11.55	-1.9	5	8.8
FCF margin	-	8.09%	-2.01%	-10.44%	-5.92%	-1.04%	2.61%	4.41%
FCF Conversion (EBITDA)	-	84.27%	-	-	-	-	30.3%	47.83%
FCF Conversion (Net income)	-	181.8%	-	-	-	-	94.34%	115.79%
Dividend per Share ²	0.0200	0.0300	0.0470	-	-	-	-	-
Announcement Date	2/4/20	2/9/21	2/15/22	3/5/23	3/14/24	-	-	-

¹GBP in Million²GBP

Estimates

Fiscal Period: November	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	15	1.32	18.3	46.8	45.6	53	50.4	44.1
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	0.5135 x	0.0726 x	0.8029 x	3.706 x	6.514 x	4.24 x	3.055 x	2.397 x
Free Cash Flow ¹	-	15.3	-4.23	-22.4	-11.6	-1.9	5	8.8
ROE (net income / shareholders' equity)	-	18.9%	19.7%	6.91%	-74.2%	13.4%	26.5%	25.6%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-	-
Book Value Per Share ²	-	0.6600	1.040	0.7300	0.2100	0.2000	0.2800	0.4000
Cash Flow per Share	0.1400	0.2500	0.0400	-	-	-	-	-
Capex ¹	-	5.8	-	-	-	6	5	4
Capex / Sales	-	3.07%	-	-	-	3.27%	2.61%	2.01%
Announcement Date	2/4/20	2/9/21	2/15/22	3/5/23	3/14/24	-	-	-

¹GBP in Million²GBP

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

B-

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.7375 GBP

Average target price

1.2 GBP

Spread / Average Target

+62.71%

	1st Jan change	Capi.
RM PLC	+13.11%	76.48M
MICROSOFT CORPORATION	+8.05%	3,020B
SYNOPSYS INC.	+5.58%	82.93B
CADENCE DESIGN SYSTEMS, INC.	+3.69%	76.85B
DASSAULT SYSTÈMES SE	-14.62%	53.04B
PALANTIR TECHNOLOGIES INC.	+31.16%	50.15B
ATLASSIAN CORPORATION	-24.56%	46.71B
THE TRADE DESK, INC.	+17.75%	41.41B
SEA LIMITED	+55.21%	36.1B
TAKE-TWO INTERACTIVE SOFTWARE, INC.	-10.24%	24.64B