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

$2.18

11 Sep
2025

0.060

OPEN

$2.13

2.83%

HIGH

$2.18

31,090

LOW

$2.11

TARGET
$3.353 53.8% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
RDY: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 13.3 7.3 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 29.3 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 © 2025 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

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

0

xxxxxxxxx xx xxxxxxxx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

29/08/2025

1

Buy

$4.20

92.66%

ReadyTech Holdings' FY25 revenue growth was in line with guidance, but fell short of Shaw and Partners' forecast. Cash EBITDA was up 3% y/y but the 16% margin was lower than the broker's estimate.

The broker notes the company finished FY25 with improved momentum, after encountering challenges through the year. New business was stronger in 2H, and issues with the local government product now appear resolved.

The company expects revenue growth to accelerate to 8-11% in FY26 vs 7% in FY25 and further to 12-15% in FY27. However, this fell short of the broker's estimates, prompting a -5% downgrade to FY26-27 revenue forecasts.

Cash EBITDA forecasts were also cut by around -20% for FY26-27. Target trimmed to $4.20 from $4.50 on lower near-term cashflows.

Buy retained.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.60 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 11.90 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

3

xxxxxxxxx xx xxxxxx xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

04/09/2025

3

Neutral

$2.60

19.27%

ReadyTech Holdings missed FY25 revenue and earnings due to weak local government performance from product delays and bottlenecks, Jarden highlights.

FY26 revenue guidance was soft and came in some -3% to -6% below consensus expectations. FY27 guidance also missed to the downside. Cash earnings (EBITDA) were soft, arising from lower-than-anticipated margins for FY26.

The analyst expresses concerns over the company's long-term competitiveness due to a series of earnings downgrades and tender losses. There is evidence of competitors embedding AI into workflows and/or releasing new products.

Jarden lowers its earnings (EBITDA) forecasts by around -1% to -3% for FY26-FY27. Target is downgraded to $2.60 from $3.05.

No change to Neutral rating.

FORECAST
Jarden forecasts a full year FY26 EPS of 8.90 cents.
Jarden forecasts a full year FY27 EPS of 11.10 cents.
Access Extra Coverage Research History >

RDY STOCK CHART

FNArena News on RDY

1
Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits

Sep 10 2025 - Rudi's View
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 05-09-25

Sep 05 2025 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 04, 2025

Sep 04 2025 - Daily Market Reports
4
Rudi’s View: A Glass Half-Full Outlook

Sep 03 2025 - Rudi's View
5
FNArena Corporate Results Monitor – 28-08-2025

Aug 28 2025 - Australia

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