Rand Merchant Investment Holdings Limited (RMI) is a leading insurance-diversified business based in South Africa. It opened the day at R3296 after a previous close of R3309. During the day the price has varied from a low of R3290 to a high of R3331. The latest price was R3316 (25 minute delay). Rand Merchant Investment is listed on the JSE and employs 0 staff. All prices are listed in South African Rand.
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Since the stock market crash in March caused by coronavirus, Rand Merchant Investment's stock price has had significant positive movement.
Its last market close was R3530, which is 20.79% up on its pre-crash value of R2796 and 103.69% up on the lowest point reached during the March crash when the stocks fell as low as R1733.
If you had bought R1,000 worth of Rand Merchant Investment stocks at the start of February 2020, those stocks would have been worth R673.03 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth R1,306.10.
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.
|52-week range||R2,782.25 - R3,434.00|
|50-day moving average||R3,146.71|
|200-day moving average||R3,132.27|
|Wall St. target price||R44.33|
|Dividend yield||R0 (0%)|
|Earnings per share (TTM)||R0.98|
|1 week (2021-09-14)||6.21%|
|1 month (2021-08-20)||4.61%|
|3 months (2021-06-21)||8.12%|
|6 months (2021-03-19)||9.44%|
|1 year (2020-09-21)||13.10%|
|2 years (2019-09-20)||9.48%|
|3 years (2018-09-21)||-15.41%|
|5 years (2016-09-21)||-23.42%|
Valuing Rand Merchant Investment stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Rand Merchant Investment's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Rand Merchant Investment's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Rand Merchant Investment shares trade at around 31x recent earnings.
Rand Merchant Investment's EBITDA (earnings before interest, taxes, depreciation and amortisation) is R3.9 billion.
The EBITDA is a measure of a Rand Merchant Investment's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||R17.6 billion|
|Operating margin TTM||21.64%|
|Gross profit TTM||R8.3 billion|
|Return on assets TTM||4.71%|
|Return on equity TTM||6.71%|
|Market capitalisation||R4.7 trillion|
TTM: trailing 12 months
Dividend payout ratio: 45.82% of net profits
Recently Rand Merchant Investment has paid out, on average, around 45.82% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.47% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Rand Merchant Investment shareholders could enjoy a 1.47% return on their shares, in the form of dividend payments. In Rand Merchant Investment's case, that would currently equate to about R0 per share.
While Rand Merchant Investment's payout ratio might seem fairly standard, it's worth remembering that Rand Merchant Investment 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 13 April 2021 (the "ex-dividend date").
Rand Merchant Investment's shares were split on a 101:100 basis on 3 October 2017. So if you had owned 100 shares the day before before the split, the next day you'd have owned 101 shares. This wouldn't directly have changed the overall worth of your Rand Merchant Investment shares – just the quantity. However, indirectly, the new 1% lower share price could have impacted the market appetite for Rand Merchant Investment shares which in turn could have impacted Rand Merchant Investment's share price.
Over the last 12 months, Rand Merchant Investment's shares have ranged in value from as little as R2782.2541 up to R3434. 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 (JSE average) beta is 1, while Rand Merchant Investment's is 0.7349. This would suggest that Rand Merchant Investment's shares are less volatile than average (for this exchange).
Rand Merchant Investment Holdings Limited, an investment holding company, provides a range of financial products and services in South Africa, Australia, New Zealand, and the United Kingdom. It offers financial services to the healthcare, life insurance, short-term insurance, savings and investment, wellness, and banking markets primarily under the Discovery Health, Discovery Life, Discovery Invest, Discovery Insure, Discovery Card, Discovery Vitality, Discovery Bank, VitalityHealth, VitalityLife, Vitality Invest, and Ping An Health, as well as Hastings, OUTsurance, Momentum, and Metropolitan brand names. The company provides long- and short-term insurance, asset management, savings, investment, healthcare administration, and employee benefits services to corporate and individual clients, as well as small and medium enterprises. In addition, it offers personal lines and business, life and funeral, and commercial line, as well as death, disability, and critical illness insurance. The company was formerly known as Rand Merchant Insurance Holdings Limited and changed its name to Rand Merchant Investment Holdings Limited in January 2016. Rand Merchant Investment Holdings Limited was founded in 1977 and is headquartered in Sandton, South Africa. .
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