Professional
Added to YB: 2025-07-14
Pitch date: 2025-06-30
RDY.AX [neutral]
ReadyTech Holdings Limited
+4.42%
current return
Author Info
No bio for this author
Company Info
ReadyTech Holdings Limited provides technology-based solutions in Australia. It operates in three segments: Education and Work Pathways; Workforce Solutions; and Government and Justice.
Market Cap
AUD 294.1M
Pitch Price
AUD 2.26
Price Target
N/A
Dividend
N/A
EV/EBITDA
27.76
P/E
-18.45
EV/Sales
2.80
Sector
Software
Category
turnaround
Forager Australian Shares Fund Portfolio Holding: ReadyTech Holdings Limited
RDY.AX (holding update): Disappointing year with 29% share price drop, costing portfolio 2%. Enterprise segment added clients with strong retention, but local gov growth slowed, dragging FY25 forecasts below 10% vs expected double-digits. Lost key client to competitor. Still cash-generative with stable margins. Outlook: improved growth & margins as gov activity normalizes.
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