Added to YB: 2026-07-16
Pitch date: 2026-07-13
RKN.AX [neutral]
Reckon Limited
Author Info
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Company Info
Reckon Limited provides software solutions in Australia, New Zealand, the United States, and internationally.
Market Cap
AUD 48.2M
Pitch Price
AUD 0.42
Price Target
N/A
Dividend
5.88%
EV/EBITDA
5.07
P/E
6.54
EV/Sales
0.90
Sector
Software
Category
value
Show full summary:
Reckon (RKN) Update #1
RKN.AX (holding update): EV ~A$55M vs Accounting Software alone: A$49M sales, A$14M op profit FY25. CEO incentivized to distribute A$150-300M by 2029. Legacy-to-Reckon One migration underway (41K subs by 2028), key risk but low churn. Legal Software near FCF+ adds optionality. ~10% position.
Read full article (4 min)