READYTECH HOLDINGS LIMITED (RDY)
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RDY - READYTECH HOLDINGS LIMITED

FNArena Sector : Software & Services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 1.27
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.11

20 Dec
2024

0.060

OPEN

$3.11

1.97%

HIGH

$3.11

31,985

LOW

$3.06

TARGET
$4.078

-0.04 change from previous day

 31.1% upside
OTHER COMPANIES IN THE SAME SECTOR
360 . ADA . AHI . ALC . AMX . ATA . BMT . COS . DOC . EVS . GTK . KYP . NET . NXL . QOR . SKO . UBN . VGL . XF1 . YOJ . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
RDY: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 4.7 11.6 xxx
DPS (cps) xxx 0.0 1.1 xxx
EPS Growth xxx 6.4% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 26.9 xxx
Dividend Yield xxx N/A 0.4% xxx
Div Pay Ratio(%) xxx N/A 9.5% 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 © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx4.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx113.8 M
Book Value Per Share xxxxxxxxxxxxxxx126.2
Net Operating Cash Flow xxxxxxxxxxxxxxx31.6 M
Net Profit Margin xxxxxxxxxxxxxxx4.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx3.91 %
Return on Invested Capital xxxxxxxxxxxxxxx2.91 %
Return on Assets xxxxxxxxxxxxxxx2.10 %
Return on Equity xxxxxxxxxxxxxxx3.91 %
Return on Total Capital xxxxxxxxxxxxxxx7.48 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx31.2 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 xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx46 M
Total Debt xxxxxxxxxxxxxxx47 M
Goodwill - Gross xxxxxxxxxxxxxxx125 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx22 M
Price To Book Value xxxxxxxxxxxxxxx2.58

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx17.9 M
Capex % of Sales xxxxxxxxxxxxxxx15.71 %
Cost of Goods Sold xxxxxxxxxxxxxxx93 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx7 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

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

Ord Minnett

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Shaw and Partners

17/09/2024

1

Buy

$4.80

54.34%

Shaw and Partners observes the ReadyTech Holdings share price has receded -9% since mid-July, prior to the FY24 results and suggests the analyst is surprised by the reaction.

The broker stresses the company has established a base case for margins, 17.8% for EBITDA in FY24 which is around 150bps above FY23 and the first since the 2019 IPO.

Management also guided to a 100bps improvement in FY25 and retains a FY27 target of over 20% by FY27.

Buy rated, High risk with a $4.80 target price. Shaw and Partners highlights the stock has not been this "cheap" since 2021.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 8.40 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.10 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

04/09/2024

1

Buy

$4.25

36.66%

ReadyTech Holdings' FY24 result was another milestone in proving its organic growth credentials, Goldman Sachs suggests, with new enterprise contract wins and back-book expansion supporting a healthy low-to-mid teens revenue and mid-to-high teens earnings growth outlook.

Execution in the Education vertical and on the local government cloud transition could drive ReadyTech towards its FY27 revenue target, the broker notes, and help re-rate the company towards best-in-vertical-SaaS peers.

Buy and $4.25 target retained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 11.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 15.00 cents.

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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

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