Readytech Holdings Ltd

  • IPO date:
  • Sector: Technology
  • GIC Group: Software & Services
  • Industry: Software-Application
  • Company website

Company description

ReadyTech Holdings Limited provides technology-based solutions in Australia. It operates in three segments: Education and Work Pathways; Workforce Solutions; and Government and Justice. The Education and Work Pathways segment offers cloud-based student and learning management systems for education and training providers to manage the student lifecycle from student enrolment to course completion. This segment also provides platforms to help state governments to manage vocational education and training programs; software platforms for the pathways and back-to-work sector to manage apprentices and job seekers; and a competency assessment and skills profiling tools to track on-the-job training through a qualification. The Workforce Solutions segment offers payroll software, outsourced payroll services, human resource management, and recruitment software solutions to employers to assist with payroll and management of their employees. This segment also provides human resource (HR) administration services, such as employee records, workplace health and safety, and organizational structure, as well as talent management services. The Government and Justice segment offers government and justice case management software as a service solutions to local and state governments, and justice departments; and provides asset management, property, licensing and compliance, finance, HR and payroll, customer management, and courts and justice products. ReadyTech Holdings Limited was founded in 1998 and is headquartered in Sydney, Australia.

Financial highlights

Market Capitalization$441.3538 million
P/E Ratio86.76
P/E Growth Ratio
Book Value1.122
Dividend Per Share0
Earnings Per Share0.05
EBITDA14,555
Profit Margin0.0482
Operating Margin TTM0.0905
Return on Assets TTM0.0262
Return on Equity TTM0.0439
Revenue TTM103,306

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2016-06-30 23,472 2,679 20,793 17,600
2017-06-30 27,230 2,614 24,616 19,300
2018-06-30 25,626 2,696 22,930 26,200
2019-06-30 32,711 1,961 30,750 31,449
2020-06-30 39,254 2,836 36,418 30,839
2021-06-30 50,027 3,473 46,554 40,970
2022-06-30 78,284 4,685 73,599 62,586
2023-06-30 103,306 8,244 95,062 85,717

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2016-06-30 14,476 11,904
2017-06-30 4,612 22,695 20,401 0
2018-06-30 4,489 63,108 51,001 0 26,500 28,432
2019-06-30 6,322 69,672 40,462 543 21,500 119,581
2020-06-30 9,214 85,850 52,783 828 25,000 119,581
2021-06-30 11,995 169,590 94,492 996 30,917 159,095
2022-06-30 9,201 185,970 87,797 1,176 33,949 171,916
2023-06-30 20,616 259,282 131,030 1,229 46,949 194,292

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2016-06-30 5,100 7,024 -1,527
2017-06-30 5,400 1,928 -144
2018-06-30 -5,201 1,928 -144 5,586
2019-06-30 -1,490 2,105 736 5,586 6,322
2020-06-30 3,943 13,751 2,892 6,322 9,214
2021-06-30 2,155 19,496 2,781 9,214 11,995 15,000
2022-06-30 8,794 14,079 -2,794 11,995 9,201
2023-06-30 4,975 27,806 11,415 9,201 20,616