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Ramsdens Holdings (RFX) AI Stock Analysis
Ramsdens Holdings
(LSE:RFX)
Strong financial performance and attractive valuation support the score, led by sustained growth, healthy balance-sheet strength, and low leverage. Weak near-term technical momentum and inconsistent cash generation limit the upside.
Ramsdens Holdings (RFX) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 206.11M
- Dividend Yield
- 2.38%
- Average Volume (3M)
- 87.45K
- Price to Earnings (P/E)
- 10.3
- Beta (1Y)
- 0.58
- Revenue Growth
- 43.98%
- EPS Growth
- 97.22%
- Country
- UK
- Employees
- 836
- Sector
- Consumer Cyclical
- Sector Strength
- 61
- Industry
- Banks - Regional
Ramsdens Holdings Business Overview & Revenue Model
Company Description
Ramsdens Holdings PLC operates as a provider of diverse financial and retail services, serving customers in the United Kingdom and globally. Its business operations are structured into four key areas: foreign exchange, pawnbroking, trading in preciou...
How the Company Makes Money
Ramsdens generates revenue primarily through fees, interest, and trading margins across its in-store financial and retail activities. A major revenue stream is foreign currency exchange, where it earns income from the spread between the rates at whic...
Ramsdens Holdings Earnings Call Summary
The call presented a strongly positive operational and financial performance for FY25 driven by record revenue (>GBP 100m), PBT up 43% to GBP 16.2m, robust retail and gold-buying growth, a healthy balance sheet (net assets GBP 62.9m, cash c. GBP 15m, ROE ~20%) and clear FY26 guidance to exceed GBP 18m PBT alongside plans to open 8–12 new stores. Key risks highlighted include pronounced sensitivity to gold price movements, margin pressure in the currency business due to channel mix shifts, and higher operating costs (wages and NI). Overall, the positives from strong growth, cash generation and clear guidance outweigh the listed risks, though the company remains exposed to commodity and high‑street volatility.
Q4-2025 Updates
Positive Updates
Negative Updates
Company Guidance
Management guided that FY26 PBT will exceed £18.0m and trading has started strongly in Q1 (gold‑buying profit in Q1 +50%); they plan to open 8–12 stores this year (c. £0.5m cash per new store: ~£225k sunk CapEx + £275k working capital) and will only proceed where they can deliver ≥20% return on capital, with four stores slated to open by early March. FY25 metrics reiterated: revenue >£100m (+22%), PBT £16.2m (+43%), PAT £11.9m (EPS 37p), net assets £62.9m, cash £15m (incl. ~£9m FX), ROE 20%; segment highlights include gold‑buying revenue +44% (volumes +14%; 9ct avg price £21→£28, +34%), retail +20% (gross margin 37%, £8m stock investment; pre‑owned +35%, watches +13%, online retail +14%), pawnbroking loan book £11.4m (Dec £12.8m, loan book +7%), currency cards 40,000, currency revenue +1% (avg transaction -2%, gross profit -3%), finance costs -20%, and a 16p dividend (including 2.5p special; ~43% payout).
Ramsdens Holdings Financial Statement Overview
Summary
Strong revenue, profit, equity, and asset growth, supported by low and declining leverage. Volatile operating and free cash flow, including a recent decline, is the main weakness.
Income Statement
88Very PositiveBalance Sheet
92Very PositiveCash Flow
72Positive| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 83.73M | 116.80M | 95.61M | 83.81M | 66.10M | 40.68M |
| Gross Profit | 36.09M | 53.75M | 51.53M | 45.76M | 34.53M | 18.79M |
| EBITDA | 19.12M | 21.61M | 16.52M | 14.68M | 12.78M | 3.02M |
| Net Income | 12.27M | 11.89M | 8.30M | 7.76M | 6.59M | 366.00K |
Balance Sheet | ||||||
| Total Assets | 101.55M | 91.09M | 81.69M | 74.28M | 68.32M | 52.72M |
| Cash, Cash Equivalents and Short-Term Investments | 12.76M | 15.36M | 15.78M | 13.02M | 15.28M | 13.03M |
| Total Debt | 18.88M | 17.05M | 18.07M | 18.11M | 16.40M | 8.60M |
| Total Liabilities | 31.38M | 28.20M | 28.08M | 26.11M | 26.47M | 16.57M |
| Stockholders Equity | 70.17M | 62.90M | 53.61M | 48.17M | 41.84M | 36.14M |
Cash Flow | ||||||
| Free Cash Flow | 2.21M | 5.19M | 9.30M | 561.00K | 92.00K | -553.00K |
| Operating Cash Flow | 3.20M | 6.11M | 11.88M | 3.28M | 2.94M | 1.08M |
| Investing Cash Flow | -1.05M | -914.00K | -3.21M | -3.00M | -3.75M | -1.63M |
| Financing Cash Flow | -4.75M | -5.62M | -5.91M | -2.53M | 3.06M | -2.30M |
Ramsdens Holdings Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RFX, the sentiment is Neutral. The current price of 631.00 is below the 20-day moving average (MA) of 631.90, below the 50-day MA of 641.62, and above the 200-day MA of 511.60, indicating a neutral trend. The MACD of -2.69 indicates Negative momentum. The RSI at 38.57 is Neutral, neither overbought nor oversold. The STOCH value of 37.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:RFX.
Ramsdens Holdings Peers Comparison
Overall Rating
- GB:RFX76Outperform
GB:WIL70Outperform
GB:ULTP61Neutral
GB:MACF58Neutral
GB:MOTR53Neutral
GB:EVOK46Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| GB:RFX | 76Outperform | GBP 206.11M | 10.34 | 29.66% | 2.38% | 43.98% | 97.22% |
| GB:WIL | 70Outperform | GBP 250.76M | 22.93 | 10.05% | 4.46% | 18.24% | -3.79% |
| Sector * | 61Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
| GB:ULTP | 61Neutral | GBP 42.40M | 11.69 | 7.63% | 6.03% | -3.48% | -36.60% |
| GB:MACF | 58Neutral | GBP 125.54M | 21.03 | 5.10% | 4.47% | 5.45% | -48.47% |
| GB:MOTR | 53Neutral | GBP 114.24M | 21.65 | 22.27% | 1.53% | 8.14% | 81.96% |
| GB:EVOK | 46Neutral | GBP 209.06M | -0.38 | 76.91% | ― | 0.07% | -388.74% |
* Consumer Cyclical Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:RFX | Ramsdens Holdings | 631.00 | 303.94 | 92.93% | |
| GB:MACF | Macfarlane Group plc | 81.80 | 17.14 | 26.52% | |
| GB:MOTR | Motorpoint Group plc | 144.00 | -12.29 | -7.86% | |
| GB:ULTP | Ultimate Products plc | 50.60 | -10.93 | -17.76% | |
| GB:WIL | Wilmington plc | 280.00 | -18.63 | -6.24% | |
| GB:EVOK | 888 Holdings | 46.60 | 5.30 | 12.83% |
Ramsdens Holdings Corporate Events
Ramsdens lifts profits on gold boom as FirstCash takeover awaits CMA nod
PositiveRamsdens reported a strong FY26 performance, driven by a surge in precious metals trading, robust pawnbroking demand, and resilient jewellery retail sales, both online and in-store. The group expects profit before tax of £32m–£35m, si...
Ramsdens Shareholders Approve FirstCash Takeover as Regulatory Hurdles Ease
PositiveRamsdens shareholders have overwhelmingly backed a final recommended cash offer from Chess Bidco Limited, an indirect wholly owned subsidiary of U.S.-based FirstCash Holdings, Inc., to acquire the entire share capital of the AIM-quoted pawnbroking an...
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.
Date of analysis: Oct 17, 2026