RECKON LIMITED (RKN)
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RKN

RKN - RECKON LIMITED

FNArena Sector : Accountancy
Year End: December
GICS Industry Group : Software & Services
Debt/EBITDA: 0.36
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.52

04 Mar
2026

0.000

OPEN

$0.51

0.000

HIGH

$0.52

7,667

LOW

$0.51

OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
RKN: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.5 N/A xxx
DPS (cps) xxx 0.0 N/A xxx
EPS Growth xxx 66.7% N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/08 - ex-div 2.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx62.4 M
Book Value Per Share xxxxxxxxxxxxxxx22.7
Net Operating Cash Flow xxxxxxxxxxxxxxx23.8 M
Net Profit Margin xxxxxxxxxxxxxxx11.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx30.75 %
Return on Invested Capital xxxxxxxxxxxxxxx23.41 %
Return on Assets xxxxxxxxxxxxxxx14.35 %
Return on Equity xxxxxxxxxxxxxxx30.75 %
Return on Total Capital xxxxxxxxxxxxxxx30.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx20.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx9 M
Total Debt xxxxxxxxxxxxxxx9 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1 M
Price To Book Value xxxxxxxxxxxxxxx2.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx15.3 M
Capex % of Sales xxxxxxxxxxxxxxx24.43 %
Cost of Goods Sold xxxxxxxxxxxxxxx45 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

07/08/2025

0

Cessation of coverage

Morgan Stanley is discontinuing coverage of Reckon due to a reallocation of resources.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Moelis

16/02/2026

1

Buy

$1.05

101.92%

Moelis keeps Reckon on Buy with a target of $1.05, arguing the stock’s discounted multiples largely reflect strategic constraints under a legacy Intuit licence.

2025 earnings exceeded the broker’s estimates on cost discipline and higher margins, prompting a rebasing of costs and a 13.9% uplift to 2026 forecast earnings.

Moelis sees re-rating potential if management can accelerate customer migration to the proprietary Reckon One platform over the next 2–3 years, with an Inventory module planned for 2026 to bridge functionality gaps and enable faster migration.

The broker notes accounting subscriber numbers were flat in 1H25 yet ARPU continued to rise and net debt fell, while Legal division momentum lifted segment revenue growth to over 12% and Zebraworks shows early traction with circa 5,000 attorneys.

Commentary points to scope to nearly double billing services ARR from $1.4m in 2026E as installations convert to billing revenue.

FORECAST
Moelis forecasts a full year FY26 dividend of 2.50 cents and EPS of 6.40 cents.
Moelis forecasts a full year FY27 dividend of 2.50 cents and EPS of 7.40 cents.
Access Extra Coverage Research History >

RKN STOCK CHART

FNArena News on RKN

1
Australian Broker Call *Extra* Edition – Feb 16, 2026

Feb 16 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 08, 2025

Aug 11 2025 - Daily Market Reports
3
In Brief: Telix, Service Stream, Reckon & More

Aug 08 2025 - Weekly Reports
4
Rudi’s View: Is Buy The Dip Changing Markets?

May 21 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – May 13, 2025

May 13 2025 - Daily Market Reports

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