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: 1.59
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.235

03 Mar
2026

-0.035

OPEN

$1.27

-2.76%

HIGH

$1.32

121,422

LOW

$1.22

TARGET
$2.025

-0.40 change from previous day

 64.0% upside
OTHER COMPANIES IN THE SAME SECTOR
360 . ALC . AMX . AR9 . ATA . AV1 . BMT . COS . DOC . GTK . KYP . NXL . QOR . SKO . UBN . VGL . XF1 . YOJ .
FNARENA'S MARKET CONSENSUS FORECASTS
RDY: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 13.3 6.4 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 19.4 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 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-13.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx121.8 M
Book Value Per Share xxxxxxxxxxxxxxx114.5
Net Operating Cash Flow xxxxxxxxxxxxxxx24.1 M
Net Profit Margin xxxxxxxxxxxxxxx-13.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-11.03 %
Return on Invested Capital xxxxxxxxxxxxxxx-8.13 %
Return on Assets xxxxxxxxxxxxxxx-6.31 %
Return on Equity xxxxxxxxxxxxxxx-11.03 %
Return on Total Capital xxxxxxxxxxxxxxx6.70 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx22.9 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx59 M
Total Debt xxxxxxxxxxxxxxx60 M
Goodwill - Gross xxxxxxxxxxxxxxx132 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx20 M
Price To Book Value xxxxxxxxxxxxxxx2.01

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx20.2 M
Capex % of Sales xxxxxxxxxxxxxxx16.55 %
Cost of Goods Sold xxxxxxxxxxxxxxx97 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx12 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxxxx xx xxxxxxxxxxx xxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

27/02/2026

1

Buy

$1.85

49.80%

Ord Minnett highlights ReadyTech’s 1H26 result disappointed, with revenue down -3% and Cash EBITDA down -20%, reflecting ongoing churn in its mature product portfolio, slower CouncilWise conversions and elongated enterprise sales cycles.

FY26 revenue guidance was downgraded to $125m to $127m and Cash EBITDA margins revised to low teens, with FY27 guidance withdrawn entirely, highlighting near term operational uncertainty.

Despite softer optics, commentary highlights the group secured several flagship contract wins including a 10-yr Government deal and an enterprise Justice contract, while Ready Workforce continues to grow strongly.

Buy retained on valuation grounds, with the target price reduced -35% to $1.85. Earnings forecasts are cut for FY26/FY27.

FORECAST
Ord Minnett forecasts a full year FY26 EPS of 3.80 cents.
Ord Minnett forecasts a full year FY27 EPS of 10.30 cents.

Macquarie

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

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

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

19/11/2025

2

Upgrade to Overweight from Neutral

$2.60

110.53%

Jarden upgrades its rating for ReadyTech Holdings to Overweight from Neutral, citing reduced downside risk, refreshed leadership, and an attractive valuation.

Shares currently trade on 6.2x FY26 forecast earnings (EBITDA), which the broker views as a valuation floor given prior takeover interest and sector positioning.

The analysts expect recent senior hires in the Government segment to reinvigorate growth following years of underperformance, with new leadership bringing strong public-sector and technology credentials.

It’s thought the recent cyber incident involving the company's hosted student management system, VETtrak, has minimal financial impact given insurance coverage.

Jarden retains a $2.60 target.

FORECAST
Jarden forecasts a full year FY26 EPS of 8.90 cents.
Jarden forecasts a full year FY27 EPS of 11.10 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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RDY STOCK CHART

FNArena News on RDY

1
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