RDY Stock Overview
ReadyTech Holdings Limited provides SaaS technology for education and work pathways, workforce solutions, and government and justice markets in Australia.
ReadyTech Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$2.80|
|52 Week High||AU$4.30|
|52 Week Low||AU$2.50|
|1 Month Change||0%|
|3 Month Change||-6.98%|
|1 Year Change||-19.08%|
|3 Year Change||57.30%|
|5 Year Change||n/a|
|Change since IPO||57.30%|
Recent News & Updates
|RDY||AU Software||AU Market|
Return vs Industry: RDY exceeded the Australian Software industry which returned -28.6% over the past year.
Return vs Market: RDY underperformed the Australian Market which returned -10.8% over the past year.
|RDY Average Weekly Movement||4.7%|
|Software Industry Average Movement||10.7%|
|Market Average Movement||9.4%|
|10% most volatile stocks in AU Market||16.5%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: RDY is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: RDY's weekly volatility (5%) has been stable over the past year.
About the Company
ReadyTech Holdings Limited provides SaaS technology for education and work pathways, workforce solutions, and government and justice markets in Australia. It operates in three segments: Education, Workforce Solutions, and Government and Justice. The Education segment offers cloud-based student and learning management systems for education and training providers to manage the student lifecycle, including student enrolment and course completion.
ReadyTech Holdings Fundamentals Summary
|RDY fundamental statistics|
Is RDY overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|RDY income statement (TTM)|
|Cost of Revenue||AU$46.66m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||0.077|
|Net Profit Margin||11.23%|
How did RDY perform over the long term?See historical performance and comparison
Is RDY undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for RDY?
Other financial metrics that can be useful for relative valuation.
|What is RDY's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does RDY's PE Ratio compare to its peers?
|RDY PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BVS Bravura Solutions
EOL Energy One
RDY ReadyTech Holdings
Price-To-Earnings vs Peers: RDY is good value based on its Price-To-Earnings Ratio (36.4x) compared to the peer average (49.4x).
Price to Earnings Ratio vs Industry
How does RDY's PE Ratio compare vs other companies in the AU Software Industry?
Price-To-Earnings vs Industry: RDY is good value based on its Price-To-Earnings Ratio (36.4x) compared to the Australian Software industry average (45.3x)
Price to Earnings Ratio vs Fair Ratio
What is RDY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||36.4x|
|Fair PE Ratio||37.7x|
Price-To-Earnings vs Fair Ratio: RDY is good value based on its Price-To-Earnings Ratio (36.4x) compared to the estimated Fair Price-To-Earnings Ratio (37.7x).
Share Price vs Fair Value
What is the Fair Price of RDY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: RDY (A$2.8) is trading below our estimate of fair value (A$3.5)
Significantly Below Fair Value: RDY is trading below fair value, but not by a significant amount.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is ReadyTech Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RDY's forecast earnings growth (25.6% per year) is above the savings rate (1.8%).
Earnings vs Market: RDY's earnings (25.6% per year) are forecast to grow faster than the Australian market (6.4% per year).
High Growth Earnings: RDY's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RDY's revenue (14.8% per year) is forecast to grow faster than the Australian market (3.6% per year).
High Growth Revenue: RDY's revenue (14.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RDY's Return on Equity is forecast to be low in 3 years time (15.7%).
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How has ReadyTech Holdings performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RDY has high quality earnings.
Growing Profit Margin: RDY's current net profit margins (11.2%) are higher than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: RDY's earnings have grown significantly by 35.9% per year over the past 5 years.
Accelerating Growth: RDY's earnings growth over the past year (308.1%) exceeds its 5-year average (35.9% per year).
Earnings vs Industry: RDY earnings growth over the past year (308.1%) exceeded the Software industry -10.7%.
Return on Equity
High ROE: RDY's Return on Equity (9%) is considered low.
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How is ReadyTech Holdings's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: RDY's short term assets (A$23.3M) do not cover its short term liabilities (A$49.4M).
Long Term Liabilities: RDY's short term assets (A$23.3M) do not cover its long term liabilities (A$38.4M).
Debt to Equity History and Analysis
Debt Level: RDY's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if RDY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RDY's debt is well covered by operating cash flow (50.1%).
Interest Coverage: RDY's interest payments on its debt are well covered by EBIT (10.6x coverage).
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What is ReadyTech Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Forecast Dividend Yield
Dividend Yield vs Market
|ReadyTech Holdings Dividend Yield vs Market|
|Company (ReadyTech Holdings)||n/a|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.1%|
|Industry Average (Software)||1.1%|
|Analyst forecast in 3 Years (ReadyTech Holdings)||1.1%|
Notable Dividend: Unable to evaluate RDY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RDY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RDY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RDY's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as RDY has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Marc Raymond Washbourne has been the Chief Executive Officer of ReadyTech Holdings Limited since 1999 and as its Executive Director since March 8, 2019. He is Co-Founder of ReadyTech Holdings Limited....
CEO Compensation Analysis
|Marc Washbourne's Compensation vs ReadyTech Holdings Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||AU$845k||AU$375k|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||AU$544k||AU$310k|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||AU$358k||AU$310k|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||AU$316k||AU$285k|
|Jun 30 2018||AU$289k||AU$260k|
Compensation vs Market: Marc's total compensation ($USD544.57K) is about average for companies of similar size in the Australian market ($USD615.36K).
Compensation vs Earnings: Marc's compensation has increased by more than 20% in the past year.
Experienced Management: RDY's management team is considered experienced (2.8 years average tenure).
Experienced Board: RDY's board of directors are considered experienced (3.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|21 Jun 22||BuyAU$99,322||Tony Faure||Individual||37,015||AU$2.73|
|17 Jun 22||BuyAU$26,998||Elizabeth Crouch||Individual||10,344||AU$2.61|
|26 Nov 21||BuyAU$86,150||Mark Summerhayes||Individual||24,025||AU$3.59|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.1%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
ReadyTech Holdings Limited's employee growth, exchange listings and data sources
- Name: ReadyTech Holdings Limited
- Ticker: RDY
- Exchange: ASX
- Founded: 1998
- Industry: Application Software
- Sector: Software
- Implied Market Cap: AU$326.600m
- Shares outstanding: 114.20m
- Website: https://readytech.com.au
Number of Employees
- ReadyTech Holdings Limited
- 35 Saunders Street
- Level 1
- New South Wales
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|RDY||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Apr 2019|
|RDY||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Apr 2019|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 00:00|
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 here.