RECKON LIMITED (RKN)
Share Price Analysis and Chart

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RKN - RECKON LIMITED

FNArena Sector : Accountancy
Year End: December
GICS Industry Group : Software & Services
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.02

24 Sep
2021

0.020

OPEN

$1.01

2.00%

HIGH

$1.06

127,252

LOW

$1.01

TARGET
$0.96 -5.9% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
XRO .
FNARENA'S MARKET CONSENSUS FORECASTS
RKN: 1
Title FY19
Actual
FY20
Actual
FY21
Forecast
FY22
Forecast
EPS (cps) xxx 8.6 8.0 xxx
DPS (cps) xxx 5.0 N/A xxx
EPS Growth xxx 19.8% - 6.9% xxx
DPS Growth xxx 0.0% N/A xxx
PE Ratio xxx N/A 12.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 58.2% 0.0% xxx

Dividend yield today if purchased 3 years ago: 6.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.90

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

Last ex-div: 24/08 - 3c (100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201520162017201820192020
EPS Basic xxxxxxxxxxxxxxx8.6
DPS All xxxxxxxxxxxxxxx5.0
Sales/Revenue xxxxxxxxxxxxxxx65.6 M
Book Value Per Share xxxxxxxxxxxxxxx22.4
Net Operating Cash Flow xxxxxxxxxxxxxxx12.9 M
Net Profit Margin xxxxxxxxxxxxxxx14.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201520162017201820192020
Return on Assets xxxxxxxxxxxxxxx11.56 %
Return on Equity xxxxxxxxxxxxxxx41.92 %
Return on Total Capital xxxxxxxxxxxxxxx4.96 %
Capex xxxxxxxxxxxxxxx0.5 M
Capex % of Sales xxxxxxxxxxxxxxx0.76 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.8 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
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Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

11/08/2021

3

Equal-weight

$0.96

-5.88%

Reckon's first half revenue of $37.5m was a 25% year-on-year increase but a -5% miss on Morgan Stanley's expectation. The broker notes this is due to divestment and acquisition timing.

With free cash flow for the first half exceeding reported net profit, debt reduction is around $4m ahead of expectations. Morgan Stanley notes there was a lack of discussion of Novatti's stake. 

Morgan Stanley is Equal-Weight rated with a target price of $0.96. Industry view: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY21 EPS of 8.00 cents.
Morgan Stanley forecasts a full year FY22 EPS of 8.00 cents.

RKN STOCK CHART