READYTECH HOLDINGS LIMITED (RDY)
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RDY - READYTECH HOLDINGS LIMITED

FNArena Sector : Software & Services

Year End: June

GICS Industry Group : Software & Services

Debt/EBITDA: 1.68

Index: ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$3.62 02 Oct 2023	-0.080 OPEN $3.70	-2.16% HIGH $3.70	6,153 LOW $3.62

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$3.62

02 Oct
2023

-0.080

OPEN

$3.70

-2.16%

HIGH

$3.70

6,153

LOW

$3.62

TARGET

$5.00

38.1% upside

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FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY22 Actual	FY23 Actual	FY24 Forecast	FY25 Forecast
EPS (cps)	xxx	4.4	11.6	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	- 47.1%	100.0%	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	31.2	xxx
Dividend Yield	xxx	N/A	0.0%	xxx
Div Pay Ratio(%)	xxx	0.0%	0.0%	xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

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 © 2023 FactSet UK Limited. All rights reserved

Title	2018	2019	2020	2021	2022	2023
EPS Basic	xxx	xxx	xxx	xxx	xxx	4.4
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	103.3 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	112.2
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	27.8 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	4.82 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2018	2019	2020	2021	2022	2023
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	4.39 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	3.17 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	2.23 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	4.39 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	8.69 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	26.3 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	2018	2019	2020	2021	2022	2023
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	1 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	51 M
Total Debt	xxx	xxx	xxx	xxx	xxx	52 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	125 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	21 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	2.94

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2018	2019	2020	2021	2022	2023
Capex	xxx	xxx	xxx	xxx	xxx	19.7 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	19.07 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	85 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	5 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	-

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

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Shaw and Partners	24/08/2023	1	Buy	$5.00	38.12%	Shaw and Partners has grabbed the opportunity of today's post-FY23 research update to reiterate its Buy rating for ReadyTech. Ex non-recurring revenues the release was in line, comments the broker. But it's evidence of ongoing momentum for the Enterprise division that has the broker enthusiastic, plus strong improvement in the cash margin, which was also evident in management's guidance now including it (implied at 19%). The broker highlights the company's target for FY26 sees cash margins expand further to circa 24%. Price target climbs to $5 from $4.60 on higher forecasts. FORECAST Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of 11.60 cents. Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 16.40 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Shaw and Partners

24/08/2023

Buy

$5.00

38.12%

Shaw and Partners has grabbed the opportunity of today's post-FY23 research update to reiterate its Buy rating for ReadyTech. Ex non-recurring revenues the release was in line, comments the broker.

But it's evidence of ongoing momentum for the Enterprise division that has the broker enthusiastic, plus strong improvement in the cash margin, which was also evident in management's guidance now including it (implied at 19%).

The broker highlights the company's target for FY26 sees cash margins expand further to circa 24%. Price target climbs to $5 from $4.60 on higher forecasts.

FORECAST
Shaw and Partners forecasts a full year FY24 dividend of 0.00 cents and EPS of 11.60 cents.
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 16.40 cents.

Access Stockbroker Research History >

RDY STOCK CHART

FNArena News on RDY

1	Rudi’s Views: August 2023 – Winners & Losers Sep 13 2023 - Rudi's View

2	Australian Broker Call Extra Edition – Aug 29, 2023 Aug 29 2023 - Daily Market Reports

3	Australian Broker Call Extra Edition – Aug 25, 2023 Aug 25 2023 - Daily Market Reports

4	FNArena Corporate Results Monitor – 24-08-2023 Aug 24 2023 - Australia

5	Australian Broker Call Extra Edition – Aug 03, 2023 Aug 03 2023 - Daily Market Reports

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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

	Yield	Yield on investment
This Year
Year 1
Year 2
Year 3
Year 4
Year

1	Rudi’s Views: August 2023 – Winners & Losers Sep 13 2023 - Rudi's View

2	Australian Broker Call Extra Edition – Aug 29, 2023 Aug 29 2023 - Daily Market Reports

3	Australian Broker Call Extra Edition – Aug 25, 2023 Aug 25 2023 - Daily Market Reports

4	FNArena Corporate Results Monitor – 24-08-2023 Aug 24 2023 - Australia

5	Australian Broker Call Extra Edition – Aug 03, 2023 Aug 03 2023 - Daily Market Reports

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READYTECH HOLDINGS LIMITED (RDY)
Share Price Analysis and Chart