Record plc (REC) AI Stock Analysis

• Market Cap: £112.65M
• Dividend Yield: 7.91%
• Average Volume (3M): 161.21K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.34
• Revenue Growth: -7.46%
• EPS Growth: -2.48%
• Country: UK
• Employees: 98
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 0.02
• Shares Outstanding: 199,054,320
• 10 Day Avg. Volume: 222,674
• 30 Day Avg. Volume: 161,214
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: 66.00p ▲(17.02% Upside)

Record plc's overall stock score is driven by its strong financial performance and attractive valuation. The company's robust balance sheet and high dividend yield are significant strengths. However, the neutral technical indicators and declining revenue trends slightly offset these positives.

Record plc Business Overview & Revenue Model

Company Description

Record plc, through its subsidiaries, provides currency and derivative management services in the United Kingdom, North America, Continental Europe, Australia, and internationally. It offers asset management services; derivatives, such as options, futures, cross-currency, and total-return swaps; fixed income instruments, including bonds and loans; ancillary services including cash and liquidity management, collateral management, and derivatives overlays. The company's clients include asset managers, pension funds, foundations, and other institutional investors. It distributes its products through direct sales, as well as through investment consultants. Record plc was founded in 1983 and is headquartered in Windsor, the United Kingdom.

How the Company Makes Money

Record plc generates revenue through various key streams, including fees from currency management services, advisory fees, and performance-based fees from its investment strategies. The company charges clients for its foreign exchange hedging solutions, which help manage exposure to currency fluctuations, and for its currency overlay services that enhance investment returns. Additionally, Record may enter into strategic partnerships with financial institutions or investment firms to expand its service offerings and reach more clients. The company's focus on institutional clients allows it to benefit from long-term contracts and stable revenue, with a significant portion of its earnings linked to the performance of the currency markets.

Record plc Financial Statement Overview

Summary

Record plc displays a strong financial position with efficient operational management and solid profitability. The balance sheet's strength is a key highlight, with low debt levels and strong equity backing. However, declining revenue trends and a decrease in operating cash flow need attention to maintain financial performance.

Income Statement

Record plc has shown a stable yet declining revenue trend over recent years. The gross and net profit margins are robust, indicating efficient cost management and profitability. However, a notable decline in revenue and EBIT in the most recent year affects the overall evaluation. Despite this, the company maintains a solid EBITDA margin, highlighting operational efficiency.

Balance Sheet

The company's balance sheet reflects a strong equity position with a healthy equity ratio, indicating financial stability. The debt-to-equity ratio remains low, suggesting prudent leverage usage. The return on equity is satisfactory, reflecting effective use of equity to generate profits. Overall, the balance sheet is strong with minimal financial risk.

Cash Flow

Record plc demonstrates solid cash flow generation with consistent free cash flow. However, the recent drop in operating cash flow needs monitoring. The free cash flow to net income ratio is strong, but the operating cash flow to net income ratio has decreased, signaling potential challenges in cash conversion efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.92M	41.62M	45.38M	44.91M	34.78M	25.45M
Gross Profit	20.94M	41.14M	45.30M	44.08M	33.52M	24.10M
EBITDA	10.77M	11.86M	15.26M	14.98M	11.73M	7.83M
Net Income	9.82M	9.11M	9.25M	11.34M	8.63M	5.35M
Balance Sheet
Total Assets	42.40M	42.40M	36.06M	36.74M	33.23M	33.09M
Cash, Cash Equivalents and Short-Term Investments	13.30M	13.30M	17.48M	14.50M	17.26M	19.78M
Total Debt	7.11M	7.11M	185.00K	979.00K	1.33M	638.00K
Total Liabilities	13.33M	13.33M	7.11M	8.45M	7.29M	6.29M
Stockholders Equity	29.06M	29.06M	28.95M	28.29M	25.93M	26.80M
Cash Flow
Free Cash Flow	5.38M	4.86M	12.24M	11.21M	10.99M	6.45M
Operating Cash Flow	7.50M	7.35M	13.05M	12.44M	11.40M	6.87M
Investing Cash Flow	6.94M	7.09M	-3.36M	7.04M	-3.51M	-6.51M
Financing Cash Flow	-10.58M	-10.58M	-10.43M	-13.04M	-11.53M	-7.66M

Record plc Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 56.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:REC, the sentiment is Negative. The current price of 56.4 is below the 20-day moving average (MA) of 57.42, below the 50-day MA of 58.61, and above the 200-day MA of 55.53, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 43.32 is Neutral, neither overbought nor oversold. The STOCH value of 31.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:REC.

Record plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
REC	73 Outperform	£112.65M	12.61	33.84%	7.91%	-7.46%	-2.48%
FEN	68 Neutral	£60.22M	14.89	9.43%	2.84%	16.81%	282.56%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MERC	59 Neutral	£129.03M	37.50	1.83%	1.97%	0.11%	―
PMI	56 Neutral	£90.31M	38.16	1.99%	10.62%	1.57%	7.80%
EMVC	47 Neutral	£12.77M	-4.80	-14.80%	―	30.40%	23.48%

Record plc Corporate Events

Record plc Senior Manager Acquires Shares Under Incentive Plan

Record plc announced that Thomas Arnold, the Head of Client Team, has acquired 383 ordinary shares in the company as part of the Record plc Share Incentive Plan. This acquisition, executed at a price of 58.78 pence per share, was conducted on the London Stock Exchange Main Market and reflects the company’s ongoing efforts to align managerial interests with shareholder value.

The most recent analyst rating on (GB:REC) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Record plc stock, see the GB:REC Stock Forecast page.

Record plc Achieves Record AUM and Expands Infrastructure Investments

Record plc reported a significant increase in assets under management (AUM) to a record high of US$110.3 billion for the second quarter of fiscal year 2026, driven by positive asset growth and strong inflows into its Solutions for Asset Managers and FX Alpha products. The company also completed its first deployment of €100 million from its Infrastructure Equity fund, reflecting strategic expansion in its investment offerings. Despite some client rebalancing leading to outflows, overall net flows remained positive, and performance fees reached £0.5 million for the quarter.

The most recent analyst rating on (GB:REC) stock is a Buy with a £65.00 price target. To see the full list of analyst forecasts on Record plc stock, see the GB:REC Stock Forecast page.

Record plc Strengthens Leadership with Key Appointment

Record plc announces the appointment of Dr. Othman Boukrami to the Executive Leadership Team and Board of Record Currency Management Limited, effective December 1, 2025, pending FCA approval. This strategic move is expected to strengthen the company’s leadership and support its long-term goals, enhancing its offerings in frontier markets and continuing its commitment to innovation and client service.

The most recent analyst rating on (GB:REC) stock is a Buy with a £65.00 price target. To see the full list of analyst forecasts on Record plc stock, see the GB:REC Stock Forecast page.

Record plc Announces Share Acquisition by Senior Manager

Record plc, a company involved in financial services, has announced a transaction involving its Share Incentive Plan. On September 29, 2025, Thomas Arnold, the Head of Client Team, acquired 375 ordinary shares at a price of 60.08 pence per share. This acquisition was conducted in accordance with the rules of the company’s Share Incentive Plan and was disclosed in compliance with the UK Market Abuse Regulation. This transaction reflects the company’s ongoing efforts to align managerial interests with shareholder value, potentially impacting stakeholder confidence and market perception.

The most recent analyst rating on (GB:REC) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Record plc stock, see the GB:REC Stock Forecast page.

Record plc Manager Acquires Shares Under Incentive Plan

Record plc announced that Thomas Arnold, the Head of Client Team, has acquired 363 ordinary shares in the company at a price of 61.55 pence per share as part of the Record plc Share Incentive Plan. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing commitment to align managerial interests with shareholder value, potentially enhancing stakeholder confidence in Record plc’s governance and market strategy.

The most recent analyst rating on (GB:REC) stock is a Buy with a £66.00 price target. To see the full list of analyst forecasts on Record plc stock, see the GB:REC Stock Forecast page.

Record plc Directors Exercise and Sell Share Options

Record plc, a company involved in financial services, announced that its directors, Kevin Ayles and Jan Witte, exercised share options under the company’s Share Scheme and Long Term Incentive Plan. This exercise was followed by the sale of a significant number of shares to cover associated costs and tax liabilities. The transactions, conducted outside a trading venue, reflect strategic financial management by the company’s leadership, potentially impacting stakeholder perceptions and the company’s market positioning.

Record plc Senior Managers Acquire Shares Under Incentive Plan

Record plc announced that senior managers Thomas Arnold and Shaesta Wahedally have acquired shares in the company through the Record plc Share Incentive Plan. This acquisition, conducted at a price of 59.992 pence per share, reflects the company’s commitment to aligning managerial interests with shareholder value. The transaction was disclosed in compliance with the UK Market Abuse Regulation, highlighting transparency in corporate governance.

Record plc Senior Manager Acquires Shares Under Incentive Plan

Record plc has announced that Thomas Arnold, the Head of the Client Team, has acquired 374 ordinary shares in the company through the Record plc Share Incentive Plan at a price of 60.4544 pence per share. This transaction, disclosed under the UK Market Abuse Regulation, reflects the company’s ongoing commitment to aligning management interests with shareholders and may impact stakeholder confidence positively.