KINATICO LIMITED (KYP)
Share Price Analysis and Chart

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

18/02/2026

1

Buy

$0.40

116.22%

Kinatico's 1H26 earnings were -10% below Bell Potter's forecast  but consistent with consensus. The key driver of the miss was lower capitalised R&D than forecast. There was no interim dividend and the broker did not expect any.

Kinatico does not provide guidance. The company highlighted that its early adoption of AI makes it an AI disruptor and its competitive position is protected by multiple reinforcing layers including having AI at the core of its new Kinatico Compliance (KC) product.

Potential catalysts include the Q3 update in April where Bell Potter expects further growth in SaaS revenue but the key catalyst is more likely to be the Q4 update where the broker expects more significant growth driven by the successful conversion of some large customers to the new KC platform.

Target falls to 40c from 45c, Buy retained.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.50 cents.
Bell Potter forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.10 cents.

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

20/02/2026

-1

No Rating

116.22%

Kinatico’s 1H FY26 adjusted earnings (EBITDA) of $3.0m represented a 32% on the prior year. This was 4% ahead of Research as a Service (RaaS)'s forecast, driven by higher-margin SaaS revenue, which accounted for 55% of total revenue.

The adjusted earnings margin of 16.9% reflects operating leverage, highlights the analyst. Management pointed to a $10m SaaS pipeline supporting 2H acceleration.

RaaS upgrades its FY26/27/28 earnings forecasts by 5.5%/12%/6%, respectively, citing stronger margins and mix shift benefits.

Despite a higher assumed risk-free rate the analyst's target remains at $0.45c.

Research as a Service doesn't carry any ratings or targets. Investors can draw conclusions from valuations and commentary.

FORECAST
Research as a Service (RaaS) forecasts a full year FY26 dividend of 0.00 cents and EPS of 56.00 cents.
Research as a Service (RaaS) forecasts a full year FY27 dividend of 0.00 cents and EPS of 109.00 cents.