ReadyTech Holdings Limited provides mission-critical people management software for educators, employers, and facilitators of career transitions in Australia. More Details
High growth potential and fair value.
Share Price & News
How has ReadyTech Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RDY is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: RDY's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: RDY underperformed the Australian Software industry which returned 19.3% over the past year.
Return vs Market: RDY exceeded the Australian Market which returned -1.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is ReadyTech Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall StShould Weakness in ReadyTech Holdings Limited's (ASX:RDY) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
1 month ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In ReadyTech Holdings Limited's (ASX:RDY) Shares?
1 month ago | Simply Wall StDid You Miss ReadyTech Holdings' (ASX:RDY) 13% Share Price Gain?
Is ReadyTech Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: RDY (A$2.05) is trading below our estimate of fair value (A$14.29)
Significantly Below Fair Value: RDY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RDY is poor value based on its PE Ratio (41.6x) compared to the AU Software industry average (31.8x).
PE vs Market: RDY is poor value based on its PE Ratio (41.6x) compared to the Australian market (22.6x).
Price to Earnings Growth Ratio
PEG Ratio: RDY is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: RDY is good value based on its PB Ratio (5x) compared to the AU Software industry average (5.1x).
How is ReadyTech Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RDY's forecast earnings growth (33.6% per year) is above the savings rate (2%).
Earnings vs Market: RDY's earnings (33.6% per year) are forecast to grow faster than the Australian market (18% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RDY's revenue (16.7% per year) is forecast to grow faster than the Australian market (5% per year).
High Growth Revenue: RDY's revenue (16.7% 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 high in 3 years time (20.2%)
How has ReadyTech Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RDY has high quality earnings.
Growing Profit Margin: RDY became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: RDY's earnings have declined by 27.4% per year over the past 5 years.
Accelerating Growth: RDY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RDY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (20.2%).
Return on Equity
High ROE: RDY's Return on Equity (11.9%) is considered low.
How is ReadyTech Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: RDY's short term assets (A$15.0M) do not cover its short term liabilities (A$24.9M).
Long Term Liabilities: RDY's short term assets (A$15.0M) do not cover its long term liabilities (A$27.9M).
Debt to Equity History and Analysis
Debt Level: RDY's debt to equity ratio (75.6%) is considered high.
Reducing Debt: Insufficient data to determine if RDY's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RDY's debt is well covered by operating cash flow (55%).
Interest Coverage: RDY's interest payments on its debt are well covered by EBIT (6.2x coverage).
What is ReadyTech Holdings's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RDY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RDY's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RDY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RDY's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RDY's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Marc Washbourne has been the Chief Executive Officer of ReadyTech Holdings Limited since 1999 and as its Executive Director since March 8, 2019. He is a founder of the ReadyTech business. With experien...
CEO Compensation Analysis
Compensation vs Market: Marc's total compensation ($USD276.47K) is about average for companies of similar size in the Australian market ($USD297.08K).
Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.
|CEO & Executive Director||22yrs||AU$358.20k||4.3% |
|CFO & Joint Company Secretary||3.42yrs||AU$335.52k||1.38% |
|Head of Operations & Delivery - Education and Pathways||1yr||no data||0.93% |
|Chief Information Security Officer||1.33yrs||no data||no data|
|Chief Executive of Workforce Solutions||1.33yrs||no data||no data|
|Head of Revenue - Workforce Solutions||1.33yrs||AU$124.47k||no data|
|Head of Service Operations - Workforce Solutions||1.25yrs||no data||no data|
|Chief Executive of Education & Pathways||1yr||no data||no data|
|Head of Strategy & Innovation - Education and Pathways||0.25yr||no data||no data|
|Head of Product & Technology - Education and Pathways||0.25yr||no data||no data|
|Head of Marketing & Communications - Education and Pathways||0.25yr||no data||no data|
|Head of Enterprise Sales - Education & Pathways||0.25yr||no data||no data|
Experienced Management: RDY's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
|CEO & Executive Director||22yrs||AU$358.20k||4.3% |
|Independent Non-Executive Director||1.83yrs||AU$70.04k||0.0071% |
|Independent Non-Executive Chairman||1.83yrs||AU$150.00k||0.24% |
|Independent Non-Executive Director||1.83yrs||AU$31.85k||1.36% |
|Independent Non-Executive Director||1.83yrs||AU$70.00k||0.011% |
|Alternate Non-Executive Director||1.5yrs||AU$30.16k||no data|
Experienced Board: RDY's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.6%.
ReadyTech Holdings Limited's company bio, employee growth, exchange listings and data sources
- Name: ReadyTech Holdings Limited
- Ticker: RDY
- Exchange: ASX
- Founded: 1998
- Industry: Application Software
- Sector: Software
- Market Cap: AU$191.272m
- Shares outstanding: 93.30m
- Website: https://www.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|
ReadyTech Holdings Limited provides mission-critical people management software for educators, employers, and facilitators of career transitions in Australia. It operates in two segments, Education and Emp...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/16 07:08|
|End of Day Share Price||2021/01/15 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.