ADVERITAS LIMITED (AV1)
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AV1

AV1 - ADVERITAS LIMITED

FNArena Sector : Software & Services
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: -0.4
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.16

12 Aug
2025

-0.010

OPEN

$0.16

-5.88%

HIGH

$0.16

264,805

LOW

$0.16

TARGET
$0.20 25.0% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
AV1: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx - 1.7 - 0.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 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: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

N/A

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-1.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx4.2 M
Book Value Per Share xxxxxxxxxxxxxxx-0.1
Net Operating Cash Flow xxxxxxxxxxxxxxx-9.2 M
Net Profit Margin xxxxxxxxxxxxxxx-278.93 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-1,442.53 %
Return on Invested Capital xxxxxxxxxxxxxxx-1,157.57 %
Return on Assets xxxxxxxxxxxxxxx-145.22 %
Return on Equity xxxxxxxxxxxxxxx-1,442.53 %
Return on Total Capital xxxxxxxxxxxxxxx-222.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-9.2 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx0 M
Total Debt xxxxxxxxxxxxxxx5 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx4 M
Price To Book Value xxxxxxxxxxxxxxx-

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.22 %
Cost of Goods Sold xxxxxxxxxxxxxxx12 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx3 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

1.0

No. Of Recommendations

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

Bell Potter

30/07/2025

1

Buy

$0.20

25.00%

Adveritas' June quarter report revealed a 62% increase in annual recurring revenue (ARR) to $10.5m but fell short of Bell Potter's forecast. However, based on the ARR growth in July, the broker reckons the shortfall was largely due to contract timing.

Minor downward revisions to FY26-27 ARR and revenue forecasts. The broker remains of the view the company will be net cash flow breakeven in FY26.

Buy. Target rises to 20c from 18c on valuation roll-forward and increase in EV/revenue multiple to 8.5x from 7.5x.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.90 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.40 cents.

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

Taylor Collison

12/08/2025

1

Speculative Buy

$0.16

0%

Adveritas' annual recurring revenue rose 62% y/y in FY25 to $10.5m and rose further to $10.8m in July, with Taylor Collison commenting the numbers are indicating strong momentum.

Taylor Collison notes free cash flow was weaker than expected at -$3.1m vs its forecast of -$2.2m, but this is due to contract execution timing, not weak demand.

The broker believes the company has a strong footing in the sports betting market and is now moving into a phase where agency and channel partners are expected to drive significant revenue growth.

Speculative Buy. Target trimmed to 16c from 17c on dilution from $8.5m capital raise.

FORECAST
Taylor Collison forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.90 cents.
Taylor Collison forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.20 cents.

AV1 STOCK CHART