RECKON LIMITED (RKN)
Share Price Analysis and Chart

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RKN - RECKON LIMITED

FNArena Sector : Accountancy
Year End: December
GICS Industry Group : Software & Services
Debt/EBITDA: 0.26
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.58

23 Feb
2024

0.005

OPEN

$0.58

0.87%

HIGH

$0.58

67,521

LOW

$0.57

TARGET
$0.65 12.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
XRO .
FNARENA'S MARKET CONSENSUS FORECASTS
RKN: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 4.9 5.0 xxx
DPS (cps) xxx 0.0 2.1 xxx
EPS Growth xxx - 23.7% 1.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 11.6 xxx
Dividend Yield xxx N/A 3.6% xxx
Div Pay Ratio(%) xxx 0.0% 42.0% 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: 31/08 - ex-div 2.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx4.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx53.4 M
Book Value Per Share xxxxxxxxxxxxxxx17.3
Net Operating Cash Flow xxxxxxxxxxxxxxx19.1 M
Net Profit Margin xxxxxxxxxxxxxxx10.43 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx30.33 %
Return on Invested Capital xxxxxxxxxxxxxxx24.15 %
Return on Assets xxxxxxxxxxxxxxx13.72 %
Return on Equity xxxxxxxxxxxxxxx30.33 %
Return on Total Capital xxxxxxxxxxxxxxx21.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx16.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx4 M
Total Debt xxxxxxxxxxxxxxx5 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1 M
Price To Book Value xxxxxxxxxxxxxxx3.27

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx14.5 M
Capex % of Sales xxxxxxxxxxxxxxx27.20 %
Cost of Goods Sold xxxxxxxxxxxxxxx40 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

14/02/2024

3

Equal-weight

$0.65

12.07%

Reckon's FY23 results were in line with Morgan Stanley's expectations. It's anticipated improved leverage will be a catalyst for a share price re-rate.

A stronger subscription performance was offset by legacy products in the Business Division and transactional revenue in the Legal Division, explain the analysts.

The target rises to 65c from 60c, despite an EPS forecast downgrade. The broker lowers capex assumptions. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 2.10 cents and EPS of 5.00 cents.
Morgan Stanley forecasts a full year FY25 dividend of 2.10 cents and EPS of 5.70 cents.

RKN STOCK CHART