Reckon (RKN) Stock Overview

Provides software solutions in Australia, New Zealand, the United States, and internationally. More details

RKN fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	3/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 48.6% below our estimate of its fair value

Earnings are forecast to grow 18.53% per year

Trading at good value compared to peers and industry

Risk Analysis

Does not have a meaningful market cap (A$69M)

Unstable dividend track record

RKN Community Fair Values

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See what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Reckon Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Reckon
Historical stock prices
Current Share Price	AU$0.61
52 Week High	AU$0.67
52 Week Low	AU$0.45
Beta	-0.32
1 Month Change	22.50%
3 Month Change	26.29%
1 Year Change	17.79%
3 Year Change	-50.60%
5 Year Change	-18.33%
Change since IPO	-78.20%

Recent updates

Reckon (ASX:RKN) Is Due To Pay A Dividend Of A$0.025

Aug 07

Reckon Limited (ASX:RKN) Soars 28% But It's A Story Of Risk Vs Reward

Aug 06

Are Investors Undervaluing Reckon Limited (ASX:RKN) By 34%?

Jul 25

Reckon (ASX:RKN) Has Announced That Its Dividend Will Be Reduced To A$0.025

Aug 28

With EPS Growth And More, Reckon (ASX:RKN) Is Interesting

Jun 30

When Should You Buy Reckon Limited (ASX:RKN)?

Jun 07

Shareholders May Be More Conservative With Reckon Limited's (ASX:RKN) CEO Compensation For Now

May 19

We Think Reckon (ASX:RKN) Can Stay On Top Of Its Debt

Apr 08

With EPS Growth And More, Reckon (ASX:RKN) Is Interesting

Mar 24

Could Reckon Limited (ASX:RKN) Have The Makings Of Another Dividend Aristocrat?

Mar 09

Is Reckon Limited's (ASX:RKN) ROE Of 38% Impressive?

Feb 22

At AU$0.83, Is It Time To Put Reckon Limited (ASX:RKN) On Your Watch List?

Jan 19

Here's Why Reckon (ASX:RKN) Can Manage Its Debt Responsibly

Dec 28

Reckon's (ASX:RKN) Stock Price Has Reduced 67% In The Past Five Years

Dec 10

Should You Be Impressed By Reckon Limited's (ASX:RKN) ROE?

Nov 22

Shareholder Returns

	RKN	AU Software	AU Market
7D	-5.8%	0.6%	0.3%
1Y	17.8%	31.9%	11.3%

Return vs Industry: RKN underperformed the Australian Software industry which returned 31.9% over the past year.

Return vs Market: RKN exceeded the Australian Market which returned 11.3% over the past year.

Price Volatility

Is RKN's price volatile compared to industry and market?
RKN volatility
RKN Average Weekly Movement	6.1%
Software Industry Average Movement	8.1%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	19.1%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: RKN has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: RKN's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1987	n/a	Sam Allert	www.reckon.com/au/

Reckon Limited provides software solutions in Australia, New Zealand, the United States, and internationally. The company offers Reckon One, an software as a service cloud-based accounting and payroll software platform, which includes mobile app functionality for small businesses; Reckon Payroll, a cloud payroll software for employee self-service; Reckon invoice to create and send online invoices; Reckon business loans; Reckon Accounts Hosted, an online accounting software for large businesses; Reckon Insights, a financial reporting and analytics software; Reckon Payments that accepts online payments; WABI for reservations, point of sale, team management, inventory, and payments; and Reckon insurance that arrange insurances. The company also provides bank reconciliation software that imports bank transactions; expense management software for small businesses; Reckon Timesheets, a software to track time and manage employee timesheets; and project management software for managing jobs and projects to track profitability.

Reckon Limited Fundamentals Summary

How do Reckon's earnings and revenue compare to its market cap?
RKN fundamental statistics
Market cap	AU$69.39m
Earnings (TTM)	AU$5.41m
Revenue (TTM)	AU$58.67m

12.8x

P/E Ratio

1.2x

P/S Ratio

Is RKN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RKN income statement (TTM)
Revenue	AU$58.67m
Cost of Revenue	AU$28.69m
Gross Profit	AU$29.98m
Other Expenses	AU$24.56m
Earnings	AU$5.41m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.048
Gross Margin	51.10%
Net Profit Margin	9.23%
Debt/Equity Ratio	21.9%

How did RKN perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

53%

Payout Ratio

Does RKN pay a reliable dividends?

See RKN dividend history and benchmarks

When do you need to buy RKN by to receive an upcoming dividend?
Reckon dividend dates
Ex Dividend Date	Aug 14 2025
Dividend Pay Date	Sep 02 2025
Days until Ex dividend	7 days
Days until Dividend pay date	12 days

Does RKN pay a reliable dividends?

See RKN dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/08/20 20:58
End of Day Share Price	2025/08/20 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Reckon Limited is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Darren Odell	CCZ Equities Pty Limited
Alva DeVoy	CGS International
Mike Younger	Goldman Sachs

Reckon (RKN) Stock Overview

Rewards

Risk Analysis

Reckon Limited Competitors

Integrated Research

Asset Vision Co

COSOL

Praemium

Price History & Performance

Recent News & Updates

Consensus EPS estimates increase by 13%

Reckon (ASX:RKN) Is Due To Pay A Dividend Of A$0.025

Price target increased by 22% to AU$1.06

Reckon Limited (ASX:RKN) Soars 28% But It's A Story Of Risk Vs Reward

First half 2025 earnings released: EPS: AU$0.039 (vs AU$0.031 in 1H 2024)

Are Investors Undervaluing Reckon Limited (ASX:RKN) By 34%?

Recent updates

Consensus EPS estimates increase by 13%

Reckon (ASX:RKN) Is Due To Pay A Dividend Of A$0.025

Price target increased by 22% to AU$1.06

Reckon Limited (ASX:RKN) Soars 28% But It's A Story Of Risk Vs Reward

First half 2025 earnings released: EPS: AU$0.039 (vs AU$0.031 in 1H 2024)

Are Investors Undervaluing Reckon Limited (ASX:RKN) By 34%?

Reckon Limited, Annual General Meeting, May 14, 2025

Full year 2024 earnings: EPS exceeds analyst expectations

Non-Executive Chairman recently sold AU$517k worth of stock

Consensus EPS estimates increase by 16%

Full year 2024 earnings: EPS exceeds analyst expectations

Reckon Limited (ASX:RKN) completed the acquisition of Money Management Group Pty Ltd for AUD 8.8 million

Reckon Limited (ASX:RKN) agreed to acquire Money Management Group Pty Ltd for AUD 8.8 million.

Consensus EPS estimates fall by 12%

First half 2024 earnings released: EPS: AU$0.031 (vs AU$0.037 in 1H 2023)

Reckon Limited, Annual General Meeting, May 24, 2024

Price target increased by 8.8% to AU$0.78

Full year 2023 earnings: EPS misses analyst expectations

Reckon (ASX:RKN) Has Announced That Its Dividend Will Be Reduced To A$0.025

Upcoming dividend of AU$0.025 per share at 8.6% yield

First half 2023 earnings released: EPS: AU$0.037 (vs AU$0.033 in 1H 2022)

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.055 in FY 2021)

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: AU$0.04 (vs AU$0.086 in FY 2021)

Reckon Limited Declares No Final Dividend for the Year of 2022

Price target increased to AU$1.25

Insufficient new directors

Now 44% undervalued after recent price drop

Upcoming dividend of AU$0.57 per share

Reckon Limited Declares A Special Dividend, 2022, Payable on 21 November 2022

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Non-Executive Director recently sold AU$255k worth of stock

Upcoming dividend of AU$0.03 per share

Reckon Limited Declares an Interim Fully Franked Dividend for the Six Months Ended June 30, 2022, Payable on 23 September 2022

Access UK Limited completed the acquisition of Accountants Practice Management Group from Reckon Limited (ASX:RKN).

Access UK Limited entered into an agreement to acquire Accountants Practice Management Group from Reckon Limited (ASX:RKN) for $100 million.

Investor sentiment improved over the past week

Insufficient new directors

Full year 2021 earnings released: EPS: AU$0.086 (vs AU$0.086 in FY 2020)

Reckon Limited, Annual General Meeting, May 25, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Reckon Limited Declares Ordinary Dividend for the Six Months Ended December 31, 2021, Payable on March 25, 2022

Investor sentiment improved over the past week

Upcoming dividend of AU$0.03 per share

First half 2021 earnings released: EPS AU$0.046 (vs AU$0.041 in 1H 2020)

Investor sentiment improved over the past week

With EPS Growth And More, Reckon (ASX:RKN) Is Interesting

When Should You Buy Reckon Limited (ASX:RKN)?

Shareholders May Be More Conservative With Reckon Limited's (ASX:RKN) CEO Compensation For Now

We Think Reckon (ASX:RKN) Can Stay On Top Of Its Debt

Full year 2020 earnings released: EPS AU$0.086 (vs AU$0.072 in FY 2019)

With EPS Growth And More, Reckon (ASX:RKN) Is Interesting

Could Reckon Limited (ASX:RKN) Have The Makings Of Another Dividend Aristocrat?

NowInfinity Pty Ltd completed the acquisition of ReckonDocs Business from Reckon Limited.

New 90-day low: AU$0.75

Is Reckon Limited's (ASX:RKN) ROE Of 38% Impressive?

Revenue misses expectations

Full year 2020 earnings released: EPS AU$0.086 (vs AU$0.072 in FY 2019)

Price target raised to AU$0.95

NowInfinity Pty Ltd enter into an agreement to acquire ReckonDocs Business from Reckon Limited for AUD 13 million.