READYTECH HOLDINGS LIMITED (RDY)
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RDY

RDY - READYTECH HOLDINGS LIMITED

FNArena Sector : Software & Services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 1.85
Index: ALL-ORDS

0

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.55

07 Sep
2026

0.000

OPEN

$1.56

0.000

HIGH

$1.57

37,554

LOW

$1.54

TARGET
$1.88 21.3% upside
OTHER COMPANIES IN THE SAME SECTOR
360 . ALC . AMX . AR9 . ATA . AV1 . BMT . COS . DOC . EIQ . GTK . KYP . NXL . PPL . SKO . UBN . VGL . XF1 . YOJ .
FNARENA'S MARKET CONSENSUS FORECASTS
RDY: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx - 4.0 0.5 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 310.0 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx-4.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx125.0 M
Book Value Per Share xxxxxxxxxxxxxxx109.0
Net Operating Cash Flow xxxxxxxxxxxxxxx24.6 M
Net Profit Margin xxxxxxxxxxxxxxx-3.91 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx-3.54 %
Return on Invested Capital xxxxxxxxxxxxxxx-2.46 %
Return on Assets xxxxxxxxxxxxxxx-1.93 %
Return on Equity xxxxxxxxxxxxxxx-3.54 %
Return on Total Capital xxxxxxxxxxxxxxx1.78 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx24.4 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx62 M
Total Debt xxxxxxxxxxxxxxx63 M
Goodwill - Gross xxxxxxxxxxxxxxx131 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx27 M
Price To Book Value xxxxxxxxxxxxxxx1.53

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx18.8 M
Capex % of Sales xxxxxxxxxxxxxxx15.02 %
Cost of Goods Sold xxxxxxxxxxxxxxx112 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx10 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

0.8

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

28/08/2026

2

Downgrade to Accumulate from Buy

$1.51

-2.58%

Ord Minnett downgrades ReadyTech Holdings to Accumulate from Buy and reduces its target to $1.51 from $1.55.

FY26 revenue was broadly in line, but underlying and cash EBITDA missed by -5%-6% due to customer churn, project delays and continued research investment.

FY27 guidance implies only 2%-6% revenue growth, although management expects margins to recover through cost reductions, AI-related efficiencies and implementation-driven subscription growth.

The Victorian TAFE contract validates the Ready Student platform, but the broker wants evidence that the reset cost base can restore stronger growth.

FORECAST
Ord Minnett forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -1.00 cents.
Ord Minnett forecasts a full year FY28 dividend of 0.00 cents and EPS of 4.10 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Canaccord Genuity

30/08/2026

3

Hold

$1.55

0%

Canaccord Genuity retains a Hold rating for ReadyTech Holdings while increasing its target price to $1.55 from $1.34.

The company's FY26 revenue of $125.0m met expectations, but adjusted EBITDA of $34.8m fell short due to higher investment spending and a non-recurring -$1.8m receivables write-off.

Management provided FY27 revenue guidance of $128m to $132m, implying softer growth of 2.4%-5.6%, which the analyst attributes to elevated churn in the legacy outsourced payroll business and a skew in pipeline conversion towards the second half of the year.

FY27 cash EBITDA margin guidance of 15%-17% indicates improving operating leverage as R&D spending is expected to moderate.

The broker lowers its revenue forecasts by -4%-5% based on this guidance and a more conservative outlook for the outer years, resulting in materially lower NPATA estimates.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 8.00 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 0.00 cents and EPS of 13.00 cents.

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Extra Coverage Research History >

RDY STOCK CHART

FNArena News on RDY

1
Australian Broker Call *Extra* Edition – Sep 01, 2026

Sep 01 2026 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 31, 2026

Aug 31 2026 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 28-08-26

Aug 31 2026 - Weekly Reports
4
FNArena Corporate Results Monitor – 28-08-2026

Aug 28 2026 - Australia
5
Next Week At A Glance – 8-12 Jun 2026

Jun 05 2026 - Weekly Reports

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