Record PLC (GB:REC)
LSE:REC
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Record plc
(LSE:REC)
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Rating:72Outperform
Price Target:
60.00 p
▲(9.09% Upside)
Action:ReiteratedDate:12/07/25
Record plc's overall score is driven by its strong valuation and financial stability, despite technical indicators suggesting a bearish trend. The company's high dividend yield and strategic corporate events further support its potential for long-term growth.
Positive Factors
Strong balance sheet
A strong equity position and low leverage provide durable financial flexibility. This supports client confidence, funds operational continuity during outflows, underpins dividend payments and strategic investments, and reduces refinancing risk across 2-6 month business cycles.
Negative Factors
Declining revenue and EBIT
A recent fall in revenue and operating profit erodes the underlying fee base and could force margin trade-offs. If sustained, declines reduce reinvestment capacity and performance-fee upside, making medium-term growth and dividend sustainability more challenging without AUM or margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
A strong equity position and low leverage provide durable financial flexibility. This supports client confidence, funds operational continuity during outflows, underpins dividend payments and strategic investments, and reduces refinancing risk across 2-6 month business cycles.
Read all positive factors
Record plc (REC) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£95.58M
Dividend Yield8.61%
Average Volume (3M)161.21K
Price to Earnings (P/E)7.6
Beta (1Y)0.47
Revenue Growth-11.43%
EPS Growth-17.65%
CountryUK
Employees98
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.02
Shares Outstanding199,054,320
10 Day Avg. Volume222,674
30 Day Avg. Volume161,214
Financial Highlights & Ratios
PEG Ratio-4.27
Price to Book (P/B)3.32
Price to Sales (P/S)2.32
P/FCF Ratio19.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.04
Revenue Forecast (FY)£40.15M
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,...
How the Company Makes Money
Record plc generates revenue primarily through management fees charged for its investment management services. The company has a diverse range of revenue streams, including fees from active currency management, passive currency overlay services, a...
Record plc Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.15M | 41.62M | 45.38M | 44.91M | 34.78M | 25.45M |
| Gross Profit | 19.28M | 41.14M | 45.30M | 44.08M | 33.52M | 24.10M |
| EBITDA | 9.53M | 11.86M | 13.71M | 14.98M | 11.73M | 7.83M |
| Net Income | 8.60M | 9.11M | 9.25M | 11.34M | 8.63M | 5.35M |
Balance Sheet | ||||||
| Total Assets | 41.12M | 42.40M | 36.06M | 36.74M | 33.23M | 33.09M |
| Cash, Cash Equivalents and Short-Term Investments | 11.38M | 13.30M | 17.48M | 14.50M | 17.26M | 19.78M |
| Total Debt | 13.69M | 7.11M | 185.00K | 979.00K | 1.33M | 638.00K |
| Total Liabilities | 13.32M | 13.33M | 7.11M | 8.45M | 7.29M | 6.29M |
| Stockholders Equity | 27.81M | 29.06M | 28.95M | 28.29M | 25.93M | 26.80M |
Cash Flow | ||||||
| Free Cash Flow | 6.66M | 4.86M | 12.24M | 11.21M | 10.99M | 6.45M |
| Operating Cash Flow | 8.90M | 7.35M | 13.05M | 12.44M | 11.40M | 6.87M |
| Investing Cash Flow | 2.95M | 7.09M | -3.36M | 7.04M | -3.51M | -6.51M |
| Financing Cash Flow | -9.30M | -10.58M | -10.43M | -13.04M | -11.53M | -7.66M |
Record plc Technical Analysis
Negative
55.00
Price Trends
55.30
Negative
54.89
Negative
56.15
Negative
Market Momentum
-1.42
Positive
36.13
Neutral
26.67
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 55 is above the 20-day moving average (MA) of 53.67, below the 50-day MA of 55.30, and below the 200-day MA of 56.15, indicating a bearish trend. The MACD of -1.42 indicates Positive momentum. The RSI at 36.13 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £182.02M | 5.84 | 12.06% | 8.15% | 1.29% | 11.17% | |
74 Outperform | £346.97M | 12.13 | 31.92% | 3.21% | 20.46% | 9.72% | |
72 Outperform | £95.58M | 7.57 | 30.24% | 8.61% | -11.43% | -17.65% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | £116.89M | 21.20 | 1.79% | 3.29% | -9.37% | ― | |
64 Neutral | £142.13M | 11.47 | 9.72% | 21.31% | -15.65% | -12.27% | |
62 Neutral | £142.43M | 11.98 | 17.51% | 17.93% | -16.53% | -44.15% |
* Financial Sector Average
GB:REC
Record plc
50.40
4.07
8.78%
GB:CLIG
City of London Investment
376.00
68.99
22.47%
GB:IPX
Impax Asset Management
117.60
-50.30
-29.96%
GB:LIO
Liontrust Asset Management
234.00
-82.49
-26.06%
GB:MERC
Mercia Asset Management
27.50
2.77
11.20%
GB:TAM
Tatton Asset Management Plc
566.00
-26.77
-4.52%
Record plc Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Record’s Swiss Pension Vehicle Backs NorthC Data Centre Stake
Positive
Mar 30, 2026
Record plc’s subsidiary Record Asset Management GmbH has completed its third infrastructure commitment via a co-investment vehicle for Swiss pension funds, enabling them to invest alongside Dutch pension giant ABP through APG’s Asset O...
Executive/Board Changes
Record plc appoints interim CFO as outgoing finance chief steps down from board
Neutral
Mar 10, 2026
Record plc has announced a change in its finance leadership, with Samantha Dunn appointed as interim Chief Financial Officer in a non-board role. She replaces outgoing CFO Richard Heading, who had previously signalled his intention to step down an...
Regulatory Filings and Compliance
Record plc Discloses Share Incentive Plan Purchase by Senior Manager
Positive
Mar 4, 2026
Record plc disclosed that Thomas Arnold, its head of client team, has increased his holding in the company through the Record Share Incentive Plan. Under the plan, Arnold acquired 392 ordinary shares at 57.57 pence each on 27 February 2026, taking...
Executive/Board ChangesRegulatory Filings and Compliance
Record plc Discloses Senior Manager Share Acquisition Under Incentive Plan
Neutral
Jan 28, 2026
Record plc reported that senior manager Thomas Arnold, Head of Client Team, has acquired 403 ordinary shares in the company at a price of 55.75 pence per share under its Share Incentive Plan, bringing his total holding under the plan to 56,536 sha...
Business Operations and StrategyFinancial Disclosures
Record plc Sets New AUM High on Strong Inflows and Stable Earnings Outlook
Positive
Jan 23, 2026
Record plc reported a record level of assets under management of US$115.9bn for the quarter ended 31 December 2025, driven by positive net inflows and underlying asset growth, particularly in its core Passive Hedging business and a second consecut...
Other
Record plc Senior Manager Increases Stake Through Share Incentive Plan
Neutral
Dec 31, 2025
Record plc has disclosed that Thomas Arnold, its Head of Client Team, acquired 407 ordinary shares in the company on 29 December 2025 under its Share Incentive Plan at a price of 55.40 pence per share, taking his total holding within the plan to 5...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.