RM Infrastructure Income PLC (RMII) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of RM Infrastructure Income PLC stock £0.82, price £0.48, upside +72.6%, quality 42 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range £0.4580 – £0.7524 · fair‑value band £0.6100 – £1.02 · the £0.4750 price screens below the £0.8200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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RM Secured Direct Lending plc is a publicly owned investment manager. The firm invests in markets across the globe. It invests in alternative investments which deliver income returns. The firm invests in a diversified portfolio of Loans to UK SMEs and mid-market corporates and/or to individuals.
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These Loans will generally be, but not limited to, senior, subordinated, unitranche and mezzanine debt instruments, documented as loans, notes, leases, bonds or convertible bonds. Such Loans shall typically have a life of 2-10 years. It invests in the alternatives sector.
RM Secured Direct Lending plc was founded in 2010 and is based in Edinburgh, United Kingdom and has an additional office in London, United Kingdom.
Stock analysis
RM Infrastructure Income PLC (RMII) currently trades at £0.4750, while our model-based Fair Value estimate is £0.8200, implying the stock looks roughly 42% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: £0.6100 (bear) to £1.02 (bull), the price of £0.4750 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
RM Infrastructure Income PLC reported revenue of £296K in FY2025 versus £10.8M in FY2021, a compound −59.3%/yr. Reported net income was −£7.1M in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 73%, RMII screens cheaper than that median.
Fair Value models
Bear£0.6100Fair Value £0.8200Bull£1.02
Price £0.4750 · Upside +72.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−94.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−64.1%
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−24.8%
’17
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
52.7% (2020) → −2,456.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare RM Infrastructure Income PLC with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 587 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+72.6% · Above median
Profitability
Return on assets−12.2% · Bottom 25%
Operating margin (12 months)97.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−7.9% · Bottom 25%
Dividend yield (12 months)2.5% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "RM Infrastructure Income PLC Fair Value". https://www.fairvalue-calculator.com/stock/RMII
Frequently asked questions
Is RM Infrastructure Income PLC (RMII) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of £0.8200 versus a price of £0.4750, about +73% upside (undervalued).
What is the fair value of RMII?
Our model-based fair value for RM Infrastructure Income PLC is £0.8200 (as of Nov 9, 2026), built from audited fundamentals. The current price: £0.4750.
What is the quality score of RMII?
RM Infrastructure Income PLC has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for RM Infrastructure Income PLC (RMII)?
Our model-based price target is the fair value of £0.8200 (as of Nov 9, 2026) from 2 valuation models. Cautious scenario £0.6100, optimistic scenario £1.02. It is a calculation from audited fundamentals, not an analyst target.
What is the RM Infrastructure Income PLC stock forecast for 2026?
Our models put fair value at £0.8200, about +73% upside versus a price of £0.4750 (undervalued). Cautious scenario £0.6100, optimistic scenario £1.02. The calculation is refreshed regularly with new filings.
Does RM Infrastructure Income PLC pay a dividend?
RM Infrastructure Income PLC currently shows a dividend yield of 2.53% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of RM Infrastructure Income PLC (RMII) and when is the ex-dividend date?
RM Infrastructure Income PLC pays a dividend of £0.012 per share a year, a dividend yield of 2.5%. The last ex-dividend date was Sep 11, 2025. A dividend has been paid every year since at least 2017. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of RM Infrastructure Income PLC (RMII)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RM Infrastructure Income PLC it is £0.8200 per share (as of Nov 9, 2026), against a price of £0.4750. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is RM Infrastructure Income PLC stock overvalued or undervalued in 2026?
As of Nov 9, 2026, RMII trades below its calculated fair value: price £0.4750, fair value £0.8200, a gap of about +73% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of RMII?
No. The price is what the market pays today (£0.4750); the fair value is what the company's own numbers justify (£0.8200). For RM Infrastructure Income PLC the two are £0.3450 per share apart. That gap is exactly why we show both numbers side by side.
How much is RM Infrastructure Income PLC worth?
The market values RM Infrastructure Income PLC at about £33.5M (market capitalisation, as of Nov 9, 2026). Per share that is £0.4750; our models calculate a fair value of £0.8200 per share.
What do the bullish and bearish scenarios say about RMII?
Our models span a range for RM Infrastructure Income PLC: cautious scenario £0.6100, base £0.8200, optimistic £1.02 per share (as of Nov 9, 2026, price £0.4750). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of RM Infrastructure Income PLC (RMII)?
Balance-sheet figures for RM Infrastructure Income PLC (as of Nov 9, 2026): return on equity −10.2%. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is RMII from its 52-week high?
RM Infrastructure Income PLC trades at £0.4750, about 27% below its 52-week high of £0.6550 and 4% above the low of £0.4580 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £0.8200 is for.
Which stocks are comparable to RM Infrastructure Income PLC?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is RM Infrastructure Income PLC stock attractive at the current price?
The data as of Nov 9, 2026: price £0.4750, calculated fair value £0.8200 (+73%), Quality Score 42/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of RMII calculated?
We run RM Infrastructure Income PLC through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of £0.8200 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. RM Infrastructure Income PLC currently trades 42% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of RM Infrastructure Income PLC (RMII)?
The closing price on Nov 6, 2026 was £0.4750. Our model-based fair value is £0.8200, about +73% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RM Infrastructure Income PLC right now?
The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (£0.6100). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of RM Infrastructure Income PLC
How large is the market capitalisation of RM Infrastructure Income PLC (RMII)?
The market capitalisation of RM Infrastructure Income PLC is £33.5M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of RM Infrastructure Income PLC (RMII)?
Earnings per share at RM Infrastructure Income PLC are £−0.0800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of RM Infrastructure Income PLC (RMII)?
The dividend yield of RM Infrastructure Income PLC is 2.5%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the return on equity of RM Infrastructure Income PLC (RMII)?
The return on equity (ROE) of RM Infrastructure Income PLC is −10.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of RM Infrastructure Income PLC (RMII)?
On an EBIT basis the return on assets of RM Infrastructure Income PLC is 1.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of RM Infrastructure Income PLC (RMII)?
The operating margin of RM Infrastructure Income PLC is 97.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does RM Infrastructure Income PLC (RMII) generate?
RM Infrastructure Income PLC generates revenue of −£5.1M (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at RM Infrastructure Income PLC (RMII)?
Revenue at RM Infrastructure Income PLC is growing −7.9% versus a year earlier (3y avg −64.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at RM Infrastructure Income PLC (RMII)?
Earnings per share at RM Infrastructure Income PLC are growing −77.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does RM Infrastructure Income PLC (RMII) generate?
The free cash flow of RM Infrastructure Income PLC is −£3.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does RM Infrastructure Income PLC (RMII) hold?
RM Infrastructure Income PLC holds more cash than debt, £21.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026