RAS Technology Holdings Limited (RTH) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 26.66K
• Price to Earnings (P/E): 110.2
• Beta (1Y): 0.83
• Revenue Growth: 31.44%
• EPS Growth: N/A
• Country: AU
• Employees: 67
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): <0.01
• Shares Outstanding: 46,725,716
• 10 Day Avg. Volume: 15,892
• 30 Day Avg. Volume: 26,662
• PEG Ratio: -0.34
• Price to Book (P/B): 2.93
• Price to Sales (P/S): 1.99
• P/FCF Ratio: 14.35
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: AU$1.00 ▲(6.38% Upside)

The overall stock score is primarily influenced by strong financial performance, with robust revenue growth and cash flow generation. However, technical analysis indicates a bearish trend, and the high P/E ratio suggests potential overvaluation. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

The company shows strong revenue growth, indicating a positive trajectory and expanding market presence, which supports long-term business sustainability.

Cash Generation

Strong cash generation capabilities provide the company with the flexibility to reinvest in growth opportunities and maintain financial stability.

Balance Sheet Health

A low debt-to-equity ratio indicates prudent financial management, reducing risk and enhancing the company's ability to withstand economic downturns.

Negative Factors

Net Profit Margin

Low net profit margins suggest limited profitability, which may impact the company's ability to generate sufficient returns for shareholders over the long term.

Operational Efficiency

Modest EBIT and EBITDA margins indicate room for improvement in operational efficiency, which is crucial for enhancing profitability and competitiveness.

Return on Equity

A modest return on equity reflects moderate profitability on shareholders' investments, potentially limiting investor appeal and long-term growth prospects.

RAS Technology Holdings Limited Business Overview & Revenue Model

Company Description

RAS Technology Holdings Limited provides integrated data, content, and software as a service (SaaS) solution to the racing and wagering industries in Australia, the United Kingdom, the United States, Sri Lanka, and internationally. It offers wholesale data, content distribution, wagering technology and services, specialist data services, digital and media, and consulting and integrity services to racing bodies and authorities, wagering operators, media and digital organizations, and retail and private clients. The company was founded in 1999 and is based in Kingston, Australia.

How the Company Makes Money

RAS Technology Holdings Limited generates revenue through multiple streams, primarily by offering telecommunications infrastructure services, which include the installation and maintenance of communication networks for corporate clients. Additionally, the company earns revenue from its cybersecurity solutions, which involve licensing its software products and providing ongoing support and consulting services. The custom software development segment also contributes to earnings, allowing clients to tailor solutions to their specific needs. Significant partnerships with telecom providers and technology firms enhance RTH's market reach and provide access to new customer bases, further bolstering its revenue potential.

RAS Technology Holdings Limited Financial Statement Overview

Summary

RAS Technology Holdings Limited demonstrates strong revenue growth and improved profitability metrics, although net profit margins remain low. The balance sheet is robust with low leverage, and cash flow generation is strong, supporting future growth and stability.

Income Statement

RAS Technology Holdings Limited has shown a strong revenue growth rate of 13.82% in the latest year, indicating a positive trajectory. The gross profit margin improved significantly to 45.80%, reflecting better cost management. However, the net profit margin remains low at 2.47%, suggesting limited profitability. The EBIT and EBITDA margins have improved but are still modest, indicating room for operational efficiency improvements.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.03, indicating prudent financial leverage. The return on equity is modest at 3.64%, reflecting moderate profitability on shareholders' investments. The equity ratio is healthy, suggesting a stable financial structure with a strong equity base.

Cash Flow

The cash flow statement shows a remarkable free cash flow growth rate of 340.87%, highlighting strong cash generation capabilities. The operating cash flow to net income ratio is 0.56, indicating efficient cash conversion. The free cash flow to net income ratio is high at 0.97, suggesting effective cash management and reinvestment potential.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.27M	21.27M	16.18M	11.72M	8.33M	5.29M
Gross Profit	9.74M	9.74M	4.35M	1.59M	8.33M	3.35M
EBITDA	1.84M	1.84M	543.00K	-1.00M	-2.83M	2.63M
Net Income	526.00K	526.00K	-381.00K	-1.30M	-2.99M	1.58M
Balance Sheet
Total Assets	21.82M	21.82M	19.47M	18.04M	18.29M	18.23M
Cash, Cash Equivalents and Short-Term Investments	5.67M	5.67M	8.35M	8.68M	10.77M	2.05M
Total Debt	454.00K	454.00K	785.00K	1.09M	1.14M	630.00K
Total Liabilities	7.38M	7.38M	6.87M	5.46M	4.46M	4.00M
Stockholders Equity	14.43M	14.43M	12.60M	12.58M	13.83M	14.23M
Cash Flow
Free Cash Flow	2.94M	2.94M	-30.00K	-1.93M	-3.80M	1.83M
Operating Cash Flow	3.04M	3.04M	2.31M	64.00K	-1.72M	2.95M
Investing Cash Flow	-6.94M	-6.94M	-2.34M	-1.91M	-2.08M	-1.12M
Financing Cash Flow	1.02M	1.02M	-305.00K	-236.00K	12.52M	-728.00K

RAS Technology Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.94
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RTH, the sentiment is Negative. The current price of 0.94 is below the 20-day moving average (MA) of 1.07, below the 50-day MA of 1.04, and above the 200-day MA of 0.92, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 34.56 is Neutral, neither overbought nor oversold. The STOCH value of 5.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:RTH.

RAS Technology Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
RTH	56 Neutral	―	110.18	3.89%	―	31.44%	―
WHK	46 Neutral	AU$9.61M	-2.63	―	―	13.07%	68.60%
KNO	42 Neutral	AU$6.92M	-4.44	-23.31%	―	2.15%	-900.00%
EAT	32 Underperform	AU$26.92M	-2.76	―	―	12.88%	-22.58%

RAS Technology Holdings Limited Corporate Events

RAS Technology Holdings Limited Issues New Shares Following AGM Approval

RAS Technology Holdings Limited announced the issuance of 73,313 fully paid ordinary shares following shareholder approval at the 2025 Annual General Meeting. This move is part of the company’s strategy to enhance its market positioning and operational capabilities, potentially impacting its stakeholders by increasing the liquidity of its shares on the ASX.

RAS Technology Holdings Announces Successful AGM Outcomes

RAS Technology Holdings Limited announced the results of its Annual General Meeting held on November 21, 2025, where all resolutions were passed. These included the adoption of the remuneration report, election of a new director, and approval of various LTIP rights grants, indicating a strong shareholder support for the company’s strategic decisions. The approval of a 10% placement facility further positions RAS for potential growth and expansion opportunities, reflecting confidence in its future prospects.

RAS Technology Holdings Limited Reports Strong FY25 Performance and Strategic Expansion

RAS Technology Holdings Limited reported a strong financial performance for FY25, with a 31% increase in total revenue to $21.3 million, driven by market expansion and new product launches. The company’s acquisition of Hong Kong-based businesses has established a significant presence in Asia’s wagering market, providing a platform for regional growth. In Europe, RAS has strengthened its position through exclusive partnerships, notably with Pragmatic Play, enhancing its market credibility and service offerings.

RAS Technology Holdings Reports Strong Growth and Strategic Expansion

RAS Technology Holdings Limited reported significant growth in the past financial year, with revenue increasing by nearly one-third to $21.3 million and achieving a second consecutive year of positive profit before tax. The company’s strategic investments, including a $4.1 million acquisition in the Hong Kong market, have positioned it for regional growth and enhanced its technological capabilities. As the wagering industry undergoes structural changes, RAS is focused on leveraging its recent investments to deepen its market presence, particularly in Asia, and continue developing differentiated technology and service offerings.

RAS Technology Directors Announce Share Sale

RAS Technology Holdings Limited announced that Managing Director and CEO Stephen Crispe, along with Executive Director Gary Crispe, plan to sell a combined 478,066 shares in the company for personal reasons, including tax obligations. Despite this sale, they will retain a significant shareholding of over 8 million shares. The sale is being conducted in tranches to ensure an orderly process, with an initial portion already sold on the market.

Director’s Interest Update at RAS Technology Holdings Limited

RAS Technology Holdings Limited has announced a change in the director’s interest in securities. Stephen Crispe, a director of the company, has converted a significant number of unlisted performance rights into fully paid ordinary shares following the achievement of performance hurdles, while also selling some shares on the market and allowing some unlisted performance rights to lapse due to unmet performance conditions. This change reflects an adjustment in the director’s investment strategy and could impact stakeholders’ perception of the company’s performance and governance.

RAS Technology Issues Over One Million New Shares

RAS Technology Holdings Limited has announced the issuance of 1,086,872 fully paid ordinary shares. This move, made without disclosure to investors under the Corporations Act, signifies the company’s compliance with relevant legal provisions. The issuance of shares is part of RAS’s strategic financial maneuvers, potentially impacting its market position and stakeholder interests.

RAS Technology Holdings Limited Announces Quotation of New Securities

RAS Technology Holdings Limited has announced the quotation of 1,086,872 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 7, 2025. This move is part of the company’s strategy to leverage convertible securities, potentially enhancing its market position and providing more opportunities for stakeholder engagement.

RAS Technology Holdings Announces AGM with Key Resolutions

RAS Technology Holdings Limited has announced its Annual General Meeting, scheduled for November 21, 2025, at Hotel Kurrajong in Barton, ACT. The meeting will cover several key agenda items, including the consideration of the company’s financial report, the adoption of the remuneration report, the election of Mr. Andrew Twaits as a director, and the approval of granting LTIP Rights to Mr. Gary Crispe. These resolutions, particularly the election of a new director and the approval of incentive plans, could impact the company’s governance and strategic direction.

RAS Technology Holdings Announces Upcoming AGM and Director Elections

RAS Technology Holdings Limited has announced that its Annual General Meeting will be held on November 21, 2025, where the re-election and appointment of directors will be a key agenda item. This meeting is significant for stakeholders as it could influence the company’s governance and strategic direction, impacting its operations and positioning within the racing and wagering industry.