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RMB Holdings Limited

RMB Holdings Limited

JJSE:RMH
57.00
ZAC
+2.00
(+3.64%)
63.96BMarket Cap
RMB Holdings Limited
JSE:RMH
(Johannesburg Stock Exchange)

Recent

price

57.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2022
2023
2024
2025
TTM
ZAR
3.94
2.13
3.35
3.28
3.66
4.58
5.6
5.44
5.89
6.22
0.01
0.07
0.48
0.14
-0.06
-0.13
- -
Revenue per Share
2.07
3.01
9.01
3.19
3.57
4.49
5.5
5.36
5.81
6.07
7.07
23.09
0.44
-0.32
-0.09
-0.18
- -
Basic EPS, GAAP
1.98
2.26
1.61
2.17
1.5
2.13
2.59
3.03
3.12
3.68
3.68
3.9
-0.01
-0.01
0.04
-0.02
- -
Free Cash Flow per Basic Share
1.5
1.07
1.21
2.12
1.49
2.1
2.55
3.02
3.12
3.54
3.74
2.14
0.81
1.43
0.33
- -
- -
Dividend per Share
17.07
19.05
16.79
18.09
20.59
22.83
24.92
27.1
29.32
32.82
34.93
3.51
2.77
1
0.66
0.49
0.45
Book Value per Share
17.06
19.02
16.79
18.09
20.59
22.83
24.92
27.1
29.32
32.82
34.93
3.51
2.77
1
0.66
0.49
0.45
Tangible Book Value per Share
1,200
1,199
1,272
1,409
1,410
1,411
1,411
1,411
1,411
1,411
1,411
1,412
1,392
1,381
1,335
1,349
1,300
Basic Weighted Avg Shares
4,729
2,552
4,268
4,627
5,166
6,467
7,900
7,674
8,315
8,778
12
96
664
197
-84
-180
- -
Sales/Revenue/Turnover
32.06
99.14
98.83
99.52
98.14
99.32
99.54
99.83
100.53
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
36
- -
1
1
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
2,485
3,607
11,468
4,490
5,035
6,337
7,769
7,559
8,202
8,560
9,978
32,596
611
-440
-121
-245
- -
Net Income, GAAP
10.26
- -
- -
0.29
0.02
0.02
0.12
0.2
0.06
0.26
- -
- -
2.86
- -
- -
- -
- -
Effective Tax Rate (%)
52.55
141.31
268.7
97.04
97.46
97.99
98.34
98.5
98.64
97.52
83,150
33,954.17
92.02
-223.35
144.05
136.11
- -
Profit Margin (%)
-1,666
-1,543
-18
-44
11
-26
185
-40
77
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
1,820
1,731
1,360
1,305
54
92
41
38
17
22
1,038
- -
- -
- -
- -
- -
- -
LT Debt
21,741
23,883
23,701
25,535
29,071
32,220
35,174
38,244
41,381
46,323
49,303
4,960
3,910
1,416
919
662
608
Total Equity
2.13
- -
- -
17.69
18.11
20.91
23.26
20.81
20.97
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
10.29
- -
- -
17.3
17.99
20.63
23.02
20.58
20.75
19.51
- -
- -
13.78
- -
- -
- -
- -
Return on Capital (%)
12.14
16.59
49.27
18.24
18.44
20.68
23.06
20.59
20.6
19.52
20.87
120.14
13.78
-16.52
-10.36
-30.99
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Sep'24
Sep'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,393
1,361
1,361
Market Capitalization
683
544
640

Working Capital

ZAR

•

in mil. unless spec.
Sep'24
Sep'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
84
26
10
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-19.35%
-47.59%
-27.97%
Free Cash Flow
-79.46%
-170.78%
-142.86%
Net Income, GAAP
3.59%
-2.7%
102.48%
Sales/Revenue/Turnover
112.64%
238.6%
114.29%
Total Cash Common Dividend
-14.63%
-41.69%
-100%

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-84
2025
- -
- -
-180
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.09
2025
- -
- -
-0.18
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.33
2025
- -
- -
- -
2026
- -
- -
- -
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Business
RMB Holdings Limited (RMH.JO) is a South African investment holding company listed on the Johannesburg Stock Exchange that focuses primarily on property investments through its majority-owned subsidiary, RMH Property Holdings Proprietary Limited (RMH Property). RMH Property acquires significant equity stakes in unlisted property development firms with strong net asset value growth potential; its current portfolio centers on a 27.5% holding in Atterbury Property Holdings, which develops prime commercial, retail, industrial, and residential properties valued at R4.1 billion across South Africa, other African countries, and parts of Europe, alongside smaller positions in Integer Properties for residential and industrial assets and a prior 34% stake in Propertuity for urban redevelopment in Johannesburg and Durban. Founded in 1987 and headquartered in Sandton or Midrand, South Africa, the company previously held founding stakes in major financial institutions like FirstRand Limited and Rand Merchant Bank before divesting those interests to concentrate on property sector opportunities. In recent developments, RMH Property sold its interest in Atterbury Europe Holding B.V. to Brightbridge in 2022 as part of an ongoing monetization strategy that has returned R3.557 billion to shareholders via special dividends since June 2020, including payments of 3.5 cents per share on June 3, 2024, and 3.75 cents per share on September 2, 2024; the company reported a slight net asset value decline for the six months ended March 31, 2025, due to offsets like gains in Atterbury's NAV against losses on Integer loans and operating costs, while committing to further asset realizations without regular dividends. Atterbury Property recently notified RMH of a potential acquisition offer, signaling continued strategic activity in its core portfolio as of late 2025.