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Record plc (REC) Fair Value & Analysis

Financial Services · GB · Market cap 107M GBX

RP Record plc REC · LSE
Price£0.4600
Fair Value£0.2100
Upside-54.3%
Quality95/100
Evidence: High Range £0.1600 – £0.2600

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 3 days ago

Share price −15.1% over the past month.

Price vs Fair Value (12 months)

£0.6227 £0.4600 Fair Value £0.2100 Jun 2025 Jun 2026

12‑month range £0.4600 – £0.6227 · fair‑value band £0.1600 – £0.2600 · the £0.4600 price screens above the £0.2100 fair value. As of Jun 26, 2026.

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Analysis

Record plc (REC) currently trades at £0.4600, while our model-based Fair Value estimate is £0.2100 — implying the stock looks roughly 54.3% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Record plc generated revenue of £39.7M at a net margin of 21.5%. Revenue declined 9.1% year over year. It earns a return on equity of 29.5%. The balance sheet holds a net cash position of £4.7M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 39.7M GBX
Revenue growth (YoY) -9.1%
Net margin 21.5%
Return on equity 29.5%
Free cash flow 4.9M GBX FY2025
P/E ratio 13.9
More key figures
Operating margin 23.4%
EPS (TTM) £0.0400
Dividend yield 8.5%
EPS growth (YoY) -26.1%
Net cash 4.7M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Record plc, through its subsidiaries, provides currency and asset management services in the United Kingdom, North America, Switzerland, rest of Europe, Australia, and internationally. The company operates in two segments, Currency Management and Asset Management. It offers bespoke solutions, including passive hedging, dynamic hedging, hedging for asset managers, and FX alpha products. The company also provides investment management services, including EM local debt and custom opportunities, as well as protected and infrastructure equities, and private equities and credits. Its clients include asset managers, pension funds, foundations, and other institutional investors. Record plc was founded in 1983 and is headquartered in London, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Record plc reported revenue of £41.6M in FY2025 versus £25.5M in FY2021, a compound +13.1%/yr. Reported net income was £9.1M in FY2025, compounding +14.2%/yr from FY2021.

Revenue +13.1%/yr
FY21 £25.5M
FY22 £34.8M
FY23 £44.9M
FY24 £45.4M
FY25 £41.6M
Net income +14.2%/yr
FY21 £5.4M
FY22 £8.6M
FY23 £11.3M
FY24 £9.3M
FY25 £9.1M

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Frequently asked questions

Is Record plc (REC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £0.2100 versus a price of £0.4600 — about −54% (overvalued). Model-based estimate, not financial advice.
What is the fair value of REC?
Our 21-model fair value for Record plc is £0.2100 (as of Jun 26, 2026), built from audited fundamentals. The current price is £0.4600.
What is the quality score of REC?
Record plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Record plc (REC)?
Record plc reported trailing-twelve-month revenue of about £39.7M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of REC?
The net profit margin of Record plc is about 21.5%, meaning it keeps roughly 21.5% of revenue as net income. Based on the latest reported figures.
Does Record plc pay a dividend?
Record plc currently shows a dividend yield of about 8.51% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.