READYTECH HOLDINGS LIMITED (RDY)
Share Price Analysis and Chart

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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

$2.95

01 Nov
2024

-0.020

OPEN

$2.93

-0.67%

HIGH

$2.95

20,450

LOW

$2.87

TARGET
$4.30 45.8% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
RDY: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 4.7 12.4 xxx
DPS (cps) xxx 0.0 1.7 xxx
EPS Growth xxx 6.4% 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 23.9 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx N/A 13.4% 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

2
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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Macquarie

28/08/2024

1

Outperform

$3.80

28.81%

Macquarie highlights ReadyTech Holdings still has a strong pipeline of work. FY24 revenue headwinds were due to previously delayed enterprise contracts, highlights the broker.

FY24 revenue came in at the lower end of guidance but margins improved and FY25 guidance suggests further improvement, notes the analyst.

Outperform rating. The broker's $3.80 target is retained despite forecast earnings downgrades and a higher share count because of a valuation roll-forward.

FORECAST
Macquarie forecasts a full year FY25 dividend of 3.30 cents and EPS of 16.30 cents.
Macquarie forecasts a full year FY26 dividend of 3.90 cents and EPS of 19.30 cents.
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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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

04/09/2024

2

Overweight

$3.54

20.00%

ReadyTech Holdings' FY24 earnings beat Jarden by 2% while revenue missed by -2%. The broker continues to see ReadyTech as having a strong opportunity to take share in Enterprise.

But with revenue and earnings only growing by 10% and 12% in FY24 and the company only signing six new enterprise contracts in 2H24 (versus 16 in 1H24), Jarden is looking for more evidence that revenue growth will re-accelerate before becoming more positive.

Overweight retained, noting ReadyTech trades at a material discount to TechnologyOne ((TNE)) and Objective Corp ((OCL)) despite its significant opportunity to take share. Target rises to $3.54 from $3.50.

FORECAST
Jarden forecasts a full year FY25 EPS of 17.90 cents.
Jarden forecasts a full year FY26 EPS of 19.30 cents.

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

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