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: 1.27
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.28

14 Apr
2025

-0.080

OPEN

$2.39

-3.39%

HIGH

$2.39

16,945

LOW

$2.24

TARGET
$3.713 62.8% upside
OTHER COMPANIES IN THE SAME SECTOR
360 . 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 4.5 xxx
DPS (cps) xxx 0.0 0.4 xxx
EPS Growth xxx 6.4% - 4.5% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 50.8 xxx
Dividend Yield xxx N/A 0.2% xxx
Div Pay Ratio(%) xxx N/A 8.4% 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 © 2025 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

0.8

No. Of Recommendations

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

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

27/02/2025

1

Buy

$3.75

64.47%

ReadyTech’s 1H performance was below Ord Minnett's expectations, attributed to project delays, particularly in the Government division. FY25 guidance for revenue, earnings (EBITDA) and medium-term targets were also downgraded.

Despite these disappointments, the analysts observe the company’s pipeline is growing, with strong demand in its Enterprise division.

The broker lowers the target to $3.75 from $3.97, but maintains a Buy rating, noting expected growth due to both a strong pipeline and cost-saving initiatives.

Management expects to convert between 80-90% of its ‘high conviction’ pipeline in H2 (around $11.5m), of which circa 50% will be recurring, explains Ord Minnett.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -10.60 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.40 cents.

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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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Jarden

05/03/2025

3

Downgrade to Neutral from Overweight

$3.05

33.77%

ReadyTech Holdings delivered underlying EBITDA of $18.2m in the first half, missing Jarden's estimates. Local government revenue was disappointing as product delays slowed down customer transition.

The broker continues to envisage the company having an opportunity to take share in enterprise although the deals are "lumpy".

More evidence of an acceleration in revenue is required before the broker becomes positive, although there is potential to re-rate if the significant pipeline can be executed.

Rating is downgraded to Neutral from Overweight. Target is lowered to $3.05 from $3.54.

FORECAST
Jarden forecasts a full year FY25 EPS of 16.10 cents.
Jarden forecasts a full year FY26 EPS of 17.30 cents.
Access Extra Coverage Research History >

RDY STOCK CHART

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