Record plc (REC) AI Stock Analysis

• Market Cap: £100.52M
• Dividend Yield: 8.74%
• Average Volume (3M): 161.21K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.35
• Revenue Growth: -11.43%
• EPS Growth: -17.65%
• 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: -4.27
• Price to Book (P/B): 3.32
• Price to Sales (P/S): 2.32
• P/FCF Ratio: 19.86
• 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: 72 Outperform
• Price Target: 60.00p ▲(12.78% Upside)

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 balance sheet with low debt levels and solid equity backing provides financial stability and flexibility for future investments.

Cash Flow Generation

Consistent free cash flow generation supports ongoing operations and potential reinvestment in growth opportunities, enhancing long-term sustainability.

Profitability Margins

Robust profit margins reflect efficient cost management and strong profitability, contributing to the company's competitive position and financial health.

Negative Factors

Declining Revenue Trend

A declining revenue trend can impact long-term growth prospects and may indicate challenges in maintaining market share or competitive positioning.

Operating Cash Flow Decline

A decline in operating cash flow may signal inefficiencies in cash conversion and could affect the company's ability to fund operations and growth.

Revenue Growth Challenges

Negative revenue growth indicates potential difficulties in expanding market reach or product adoption, impacting future revenue streams.

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 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, and advisory services related to foreign exchange. Additionally, Record benefits from performance fees contingent on achieving specific investment performance targets. The company's partnerships with institutional clients and its reputation for delivering tailored currency solutions contribute significantly to its earnings, alongside a growing demand for currency risk management in an increasingly globalized investment landscape.

Record plc Financial Statement Overview

Summary

Record plc shows strong financial stability with a robust balance sheet and efficient cost management. However, declining revenue and EBIT in the most recent year and a drop in operating cash flow indicate areas needing attention.

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	40.15M	41.62M	45.38M	44.91M	34.78M	25.45M
Gross Profit	0.00	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	7.19M	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

• Technical Analysis Sentiment: Negative
• Last Price: 53.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 53.2 is below the 20-day moving average (MA) of 54.05, below the 50-day MA of 54.74, and below the 200-day MA of 54.20, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 40.84 is Neutral, neither overbought nor oversold. The STOCH value of 6.67 is Positive, 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
FEN	74 Outperform	£59.60M	14.74	9.43%	2.84%	16.81%	282.56%
REC	72 Outperform	£100.52M	13.05	30.60%	8.74%	-11.43%	-17.65%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
MERC	67 Neutral	£126.44M	37.82	1.79%	3.29%	-9.37%	―
PMI	54 Neutral	£81.75M	67.31	1.05%	11.32%	-3.99%	-36.07%
EMVC	52 Neutral	£16.08M	-5.95	-14.80%	―	30.40%	23.48%

Record plc Corporate Events

Record plc Manager Acquires Shares Under Incentive Plan

Record plc, a company operating within the financial sector, announced that Thomas Arnold, Head of Client Team, acquired 409 ordinary shares at a price of 54.95 pence per share as part of the Record plc Share Incentive Plan. This acquisition, conducted on the London Stock Exchange Main Market, reflects the company’s ongoing commitment to aligning managerial interests with shareholder value, potentially impacting stakeholder confidence positively.

Record plc Executives Acquire Shares Under Bonus Scheme

Record plc, a company operating in the financial sector, announced that several of its directors and senior managers have acquired ordinary shares as part of the Group Bonus Scheme. This acquisition, which took place on November 19, 2025, involved key personnel such as the Head of Client Team, Head of Client Onboarding, and the Group Chief Investment Officer. The transaction is in line with the UK Market Abuse Regulation, ensuring transparency and compliance. This move reflects the company’s commitment to aligning management incentives with shareholder interests, potentially strengthening stakeholder confidence in Record plc’s governance and operational strategies.

Record plc Achieves Record AUM Amid Strategic Transition

Record plc reported its highest ever Assets Under Management (AUM) at $110.3 billion for the six months ending September 2025, driven by growth in underlying assets despite some client outflows. The company maintained its interim dividend and highlighted growth in higher margin products, particularly in its Private Markets segment. Key developments include the appointment of Dr. Othman Boukrami to strengthen leadership, the first deployment of capital from the Record Infrastructure Equity fund, and progress in launching a Sharia-compliant Deep Tier Supply Chain Finance fund. The company is transitioning to a higher margin, higher growth business model, with a focus on long-term recurring revenues.

Record plc Announces Live Interim Results Presentation

Record plc announced that CEO Jan Witte and CFO Richard Heading will present the company’s Interim Results via a live presentation on Investor Meet Company on November 13, 2025. This event is open to all existing and potential shareholders, allowing them to submit questions before and during the presentation. The initiative aims to enhance transparency and engagement with stakeholders, potentially strengthening Record plc’s market position and investor relations.

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.

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.

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.

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.