Added to YB: 2026-10-13
Pitch date: 2026-10-10
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 47.0M
Pitch Price
AUD 0.41
Price Target
N/A
Dividend
6.02%
EV/EBITDA
13.49
P/E
6.20
EV/Sales
0.83
Sector
Software
Category
growth
Reckon Software - Phase 1: Lie Detection & ROIC
RKN.AX (earnings): Reckon’s FY2025 headline results were strong — revenue rose 15.35%, operating cash flow 33.04% and profit 93.51% — but the contribution from the January 2025 Cashflow Manager acquisition remains unresolved. ROIC improved to 18.8% from 11.4%, above an estimated 8.54% WACC; concerns center on the removal of EPS from incentive KPIs and an LTI structure that rewards distributions rather than ROIC.
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