Bailador Technology Investments Ltd (BTI) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: 5.99%
• Average Volume (3M): 284.66K
• Price to Earnings (P/E): 9.6
• Beta (1Y): 0.48
• Revenue Growth: -66.52%
• EPS Growth: -8.36%
• Country: AU
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Investment - Banking & Investment Services
• EPS (TTM): 0.01
• Shares Outstanding: 149,842,530
• 10 Day Avg. Volume: 250,202
• 30 Day Avg. Volume: 284,663
• PEG Ratio: -1.27
• Price to Book (P/B): 0.71
• Price to Sales (P/S): 4.45
• P/FCF Ratio: -9.48
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: AU$1.50 ▲(22.95% Upside)

The score is supported by attractive valuation (low P/E and strong dividend yield) and a constructive technical trend (price above key moving averages). Offsetting this, financial performance is tempered by weak cash flow quality and historically volatile results despite strong recent profitability and a debt-free balance sheet.

Positive Factors

Portfolio Valuation Growth

The valuation growth of portfolio companies Updoc and PropHero enhances BTI's net tangible assets, reflecting effective investment strategy and strengthening market position.

Strong Financial Performance

Strong recent profitability and high net margins indicate robust earnings power, enhancing BTI's ability to generate returns on investments.

Innovative Investment Success

PropHero's success in leveraging AI for growth and nearing cashflow breakeven exemplifies BTI's strategic investment in innovative, scalable businesses.

Negative Factors

Negative Operating Cash Flow

Consistent negative operating cash flow highlights challenges in cash generation, increasing reliance on investment exits for liquidity.

Historical Volatility

Historical volatility in revenue and margins undermines confidence in the stability and predictability of BTI's financial performance.

Shareholder Composition Change

Change in substantial shareholders could impact strategic direction and market perception, affecting BTI's influence and stability.

Bailador Technology Investments Ltd Business Overview & Revenue Model

Company Description

Bailador Technology Investments Limited is a venture capital firm specializing in investments in mid venture, late venture and PIPESs and expansion capital in companies which have advanced through the start-up phase. The firm prefers to invest in IT, software & services, health technology, the Internet with a focus on e-commerce and subscription-based internet businesses, software, high value data, online education, telecommunications applications and services, and new media and marketing. It does not invest in start-ups or biotechnology sector. The firm seeks investments in Australia and New Zealand. It makes investments through Balance Sheet and prefers to take minority stake and board seats in portfolio companies. The firm makes equity investment between A$5 million ($3.34 million) to A$20 million ($13.35 million) in companies with sales value between A$5 million ($3.34 million) to A$100 million ($66.76 million) and enterprise value between A$25 million ($16.69 million) to A$300 million ($200.28 million). Bailador Technology Investments Limited was founded in 2010 and is based in Sydney, Australia.

How the Company Makes Money

Bailador Technology Investments Ltd generates revenue primarily through the returns on its investments in private technology companies. The company makes money by acquiring equity stakes in these businesses and then realizing value through various exit strategies such as public listings, trade sales, or share buybacks. BTI's earnings are significantly influenced by the performance of its investee companies, the valuation of its portfolio, and the successful execution of exit events. Additionally, the company may receive dividends or interest from its investments, contributing to its revenue streams.

Bailador Technology Investments Ltd Financial Statement Overview

Summary

Bailador Technology Investments Ltd. shows robust financial performance with significant revenue increases and a strong balance sheet marked by zero debt. Despite some challenges in operational cash flow, the overall financial position is strong, supporting growth and stability.

Income Statement

Bailador Technology Investments Ltd. has shown a significant turnaround in revenue growth from negative figures in prior years to a substantial increase in the latest period, reaching AUD 40.5 million from AUD 2.88 million. This indicates a strong growth trajectory. The gross profit margin is high at 100%, suggesting effective cost management. However, the net profit margin of approximately 51% shows a healthy level of profitability, although slightly lower than the gross margin due to non-operating expenses. EBIT margin is strong as well, showcasing operational efficiency.

Balance Sheet

The company maintains a very strong balance sheet with zero debt, resulting in a debt-to-equity ratio of 0%. This indicates excellent financial stability and low risk from leverage. The equity ratio is also robust at approximately 87%, highlighting solid shareholder equity relative to total assets. The return on equity stands at about 8.87%, which is reasonable, reflecting effective utilization of shareholder funds.

Cash Flow

Cash flow statements reveal substantial improvements in free cash flow, recovering from negative figures in previous years to a positive AUD 192,000. The operating cash flow to net income ratio is low due to minimal operating cash flow, suggesting less efficient cash conversion. The company should aim to improve cash flow from core operations to ensure sustainable cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	39.65M	39.12M	40.55M	2.88M	-5.58M	-853.00K
Gross Profit	39.65M	39.12M	40.06M	-3.48M	-20.83M	-11.53M
EBITDA	0.00	27.07M	27.98M	8.28M	48.61M	39.40M
Net Income	19.25M	19.25M	20.67M	5.42M	33.97M	27.58M
Balance Sheet
Total Assets	280.43M	280.43M	267.46M	237.03M	277.63M	236.41M
Cash, Cash Equivalents and Short-Term Investments	19.92M	19.92M	151.46M	112.69M	211.78M	61.31M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	36.23M	36.23M	34.34M	17.02M	52.95M	44.45M
Stockholders Equity	244.20M	244.20M	233.12M	220.01M	224.69M	191.96M
Cash Flow
Free Cash Flow	-18.38M	-18.38M	192.00K	-43.92M	-13.19M	-4.40M
Operating Cash Flow	-18.38M	-18.38M	192.00K	-43.92M	-13.19M	-4.40M
Investing Cash Flow	-20.49M	-20.49M	11.58M	-31.99M	114.67M	19.86M
Financing Cash Flow	-8.17M	-8.17M	-7.57M	-10.12M	-1.24M	23.47M

Bailador Technology Investments Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.22
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:BTI, the sentiment is Positive. The current price of 1.22 is above the 20-day moving average (MA) of 1.22, above the 50-day MA of 1.21, and above the 200-day MA of 1.14, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 63.95 is Neutral, neither overbought nor oversold. The STOCH value of 94.12 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:BTI.

Bailador Technology Investments Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DTL	75 Outperform	AU$1.52B	31.46	60.59%	3.02%	5.82%	11.11%
BTI	70 Outperform	―	9.62	8.07%	5.99%	-66.52%	-8.36%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SHJ	57 Neutral	AU$116.88M	209.09	0.21%	7.14%	4.44%	-90.57%
AI1	43 Neutral	AU$53.38M	-3.12	-27.06%	―	―	―

Bailador Technology Investments Ltd Corporate Events

Bailador Lifts NTA and Crystallises Strong Gains on Tech Portfolio in First Half FY26

Bailador Technology Investments reported a 10% increase in post-tax net tangible assets per share, including dividends, in the first half of FY26, supported by a 17.7% annualised return from its private company portfolio and an NTA per share of $1.95 pre-tax and $1.76 post-tax as at 31 December 2025. The period was marked by substantial valuation uplifts across several holdings—most notably Updoc, PropHero, Hapana, DASH and Access Telehealth—and the partial realisation of its SiteMinder position for $25 million at a significant premium, delivering a 36.9% IRR and crystallising strong gains. Bailador also received debt repayment from DASH, collected dividends from Updoc, and made a follow-on investment in Rosterfy, underscoring active portfolio management and capital recycling that support its fully franked dividend stream and reinforce its positioning as a technology-focused growth and income vehicle for shareholders.

The most recent analyst rating on (AU:BTI) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Bailador Technology Investments Ltd stock, see the AU:BTI Stock Forecast page.

Bailador lifts Hapana valuation after institutional funding round

Bailador Technology Investments has marked a 17% uplift in the carrying value of its portfolio company Hapana after the fitness software provider completed a capital raise from institutional investors, increasing Bailador’s holding from $11.6m to $13.6m and adding $0.013 per share to its pre-tax net tangible assets. The latest revaluation, which follows earlier valuation increases for portfolio companies Updoc and PropHero and builds on a 50% uplift in Hapana’s value announced in mid-2025, means Hapana’s value has risen 76% since Bailador’s initial investment in August 2024, translating to an internal rate of return of around 50% and underscoring the fund’s recent momentum in extracting value from its technology portfolio ahead of its forthcoming December 2025 shareholder update.

The most recent analyst rating on (AU:BTI) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on Bailador Technology Investments Ltd stock, see the AU:BTI Stock Forecast page.

Bailador Technology Investments Reports Portfolio Valuation Growth

Bailador Technology Investments Ltd announced significant increases to the valuations of two portfolio companies, Updoc and PropHero, reflecting strong revenue growth and operational performance. The value of Updoc rose by 20.5%, demonstrating continued profitability and scale, while PropHero saw an impressive rise of 45.6%, attributed to material valuation gains in under a year since Bailador’s initial investment. These uplifts collectively boosted Bailador’s net tangible assets (NTA) per share, underscoring the company’s effective portfolio strategy and strengthening their industry positioning.

Soul Patts Ceases Substantial Holding in Bailador Technology Investments

Washington H. Soul Pattinson and Company Limited (Soul Patts) and its subsidiaries have ceased to be substantial holders in Bailador Technology Investments Ltd as of December 4, 2025. This change in holdings could impact Bailador’s shareholder composition and influence, potentially affecting its strategic direction and market perception.

Bailador Technology Investments Reports Strong Growth and Success with PropHero Investment

Bailador Technology Investments has reported strong performance metrics, with a notable increase in net tangible assets per share and positive annual returns. The company highlighted the success of its investment in PropHero, an AI-enabled property investment platform, which has shown significant revenue growth and operational efficiency improvements. PropHero’s use of AI has driven its expansion, leading to strong customer acquisition and cross-selling of additional services, making it EBITDA profitable and nearing cashflow breakeven.

Bailador Technology Investments Reports Strong Financial Performance and Impactful Healthcare Innovations

Bailador Technology Investments Ltd has reported its financial performance, highlighting a net tangible asset per share of $1.74 post-tax as of October 2025. The company has shown steady annual returns, with a notable emphasis on its investment in Access Telehealth, a telehealth business that has demonstrated significant improvements in healthcare outcomes for aged care residents. Access Telehealth’s innovative care model has resulted in reduced emergency department visits, unplanned hospitalizations, and medication usage, indicating a positive impact on the healthcare system and stakeholders.

Bailador Technology Investments Ltd AGM Results: Resolutions Carried with Strong Support

Bailador Technology Investments Ltd held its Annual General Meeting on October 16, 2025, where all resolutions on the agenda were carried. The key resolutions included the adoption of the remuneration report and the re-election of Andrew Bullock and Brodie Arnhold as directors. The results indicate strong shareholder support for the company’s current management and strategic direction, with over 87% of votes in favor of the re-election of directors.