GENTRACK GROUP LIMITED (GTK)
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GTK

GTK - GENTRACK GROUP LIMITED

FNArena Sector : Software & Services
Year End: September
GICS Industry Group : Software & Services
Debt/EBITDA: 0.43
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.27

21 May
2026

-0.030

OPEN

$3.35

-0.91%

HIGH

$3.36

195,762

LOW

$3.22

TARGET
$4.17 27.5% upside
Franking for last dividend paid out: 9%
OTHER COMPANIES IN THE SAME SECTOR
360 . ALC . AMX . AR9 . ATA . AV1 . BMT . COS . DOC . KYP . NXL . PPL . QOR . RDY . SKO . UBN . VGL . XF1 . YOJ .
FNARENA'S MARKET CONSENSUS FORECASTS
GTK: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 9.7 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 32.9 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

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: 06/12 - (franking ex-div NZ3.53c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx17.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx209.6 M
Book Value Per Share xxxxxxxxxxxxxxx198.6
Net Operating Cash Flow xxxxxxxxxxxxxxx21.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.07 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx9.40 %
Return on Invested Capital xxxxxxxxxxxxxxx8.86 %
Return on Assets xxxxxxxxxxxxxxx6.93 %
Return on Equity xxxxxxxxxxxxxxx9.40 %
Return on Total Capital xxxxxxxxxxxxxxx11.35 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx19.4 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 xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx11 M
Total Debt xxxxxxxxxxxxxxx14 M
Goodwill - Gross xxxxxxxxxxxxxxx104 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx74 M
Price To Book Value xxxxxxxxxxxxxxx4.54

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx1.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.76 %
Cost of Goods Sold xxxxxxxxxxxxxxx154 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx31 M
Research & Development xxxxxxxxxxxxxxx20 M
Investments - Total xxxxxxxxxxxxxxx13 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Bell Potter

19/05/2026

1

Buy

$5.70

74.31%

Bell Potter explains Gentrack Group's 1H26 results were impacted by a decline in projects wins, as pre-reported. Group revenue slipped by -2% y/y and recurring revenues grew 11.6% while non-recurring revenue fell -30%.

Margins came under pressure, falling by around -440bps y/y to 7.2% as the workforce was put on hold as execution on the pipeline was delayed.

Gentrack has acquired SaaS based energy pricing platform Factor, for NZ$24m, funded via cash and targeted at risk management and commercial electricity contracts for usually B2B customers.

The analyst likes the Factor acquisition and sees it as a positive for the group. Management continues to be upbeat on ongoing conversion of some 3-4 utilities pipeline projects over the next year.

Target rises to $5.70 from $5.60. Maintain Buy.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.41 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 12.31 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

11/05/2026

1

Buy

-

-

Canaccord Genuity maintains a Buy rating for Gentrack Group but lowers the target price to NZ$7.50 from NZ$14.50 following a severe downgrade to short-term revenue and earnings expectations.

The broker notes the unwinding of large existing implementation projects triggered a material reduction in non-recurring revenue, while anticipated new pipeline awards have been delayed.

Management chose to retain trained staff ahead of expected future growth, severely compressing FY26 earnings margins and driving -33% to -40% revisions across FY26-FY28 underlying cash EBITDA forecasts.

The business concurrently announced a NZ$20m share buyback and the US$10m cash acquisition of airport technology provider Dubai Technology Partners, offering cross-sell opportunities into the higher-margin Veovo division.

While the market reaction was harsh, the report highlights the sum-of-the-parts valuation remains compelling and contract execution will act as the primary catalyst required to rebuild investor confidence.

Jarden

xx/xx/xxxx

4

xxxxxxxxxxx

-

xx.xx%

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Access Extra Coverage Research History >

GTK STOCK CHART

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