RAS Technology Holdings Limited (RTH) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 47.15K
• Price to Earnings (P/E): 112.2
• Beta (1Y): 0.79
• Revenue Growth: 37.63%
• 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: 27,827
• 30 Day Avg. Volume: 47,148
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 242.09
• 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: AU$1.39
• Price Target Upside: 44.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 56 Neutral
• Price Target: AU$1.00 ▲(4.17%Upside)

The overall stock score of RAS Technology Holdings is driven primarily by its strong revenue growth and stable balance sheet, which are offset by profitability challenges and a high P/E ratio suggesting overvaluation. Technical indicators provide a moderate outlook, with no significant overbought or oversold signals.

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 primarily through its comprehensive suite of technology products and services tailored to the racing and sports industries. The company offers data-driven products that help clients optimize their operations and improve customer engagement. Key revenue streams include subscription fees for its software platforms, licensing fees for its proprietary data, and professional services for custom analytics and technology integration. Significant partnerships with industry stakeholders, such as race clubs and sporting organizations, further contribute to its earnings by expanding its market reach and enhancing its service offerings.

RAS Technology Holdings Limited Financial Statement Overview

Summary

RAS Technology Holdings shows strong revenue growth and a stable balance sheet with low leverage, but faces ongoing profitability and free cash flow challenges. Operational inefficiencies need addressing to achieve profitability.

Income Statement

RAS Technology Holdings has shown significant revenue growth, with a 38.04% increase from 2023 to 2024, indicating strong market traction. However, the company is facing profitability challenges, evidenced by negative net income and EBIT margins over the last few years. While EBITDA margin has improved to 3.36% in 2024 from 2.25% in 2023, it remains low. The consistent negative net profit margin highlights ongoing operational inefficiencies.

Balance Sheet

The balance sheet remains stable with a healthy equity ratio of approximately 64.71% in 2024, suggesting financial stability and a low debt-to-equity ratio of 0.06, reflecting minimal leverage. The return on equity is negative due to losses, which is a concern. However, the company's strong cash position and low debt level provide a cushion against financial instability.

Cash Flow

The cash flow situation is mixed, with a significant improvement in operating cash flow from 2023 to 2024, turning positive, which is a positive sign for liquidity. However, free cash flow remains negative, indicating ongoing challenges in covering capital expenditures. The operating cash flow to net income ratio indicates better cash generation relative to accounting profits, yet the free cash flow to net income ratio is concerning due to negative free cash flow.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	18.69M	16.18M	11.72M	8.33M	5.29M
Gross Profit	7.65M	5.99M	1.59M	1.59M	3.35M
EBITDA	1.03M	543.00K	264.00K	-2.83M	2.63M
Net Income	400.00K	-381.00K	-1.30M	-2.99M	1.58M
Balance Sheet
Total Assets	20.81M	19.47M	18.04M	18.29M	18.23M
Cash, Cash Equivalents and Short-Term Investments	8.79M	8.35M	8.68M	10.77M	13.18M
Total Debt	621.00K	785.00K	1.09M	1.14M	630.00K
Total Liabilities	6.40M	6.87M	5.46M	4.46M	4.00M
Stockholders Equity	14.41M	12.60M	12.58M	13.83M	14.23M
Cash Flow
Free Cash Flow	668.00K	-30.00K	-1.93M	-3.80M	1.83M
Operating Cash Flow	1.91M	2.31M	64.00K	-1.72M	2.95M
Investing Cash Flow	-2.68M	-2.34M	-1.91M	-2.08M	-1.12M
Financing Cash Flow	1.03M	-305.00K	-236.00K	12.52M	-728.00K

RAS Technology Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:RTH, the sentiment is Positive. The current price of 0.96 is above the 20-day moving average (MA) of 0.94, above the 50-day MA of 0.89, and above the 200-day MA of 0.95, indicating a bullish trend. The MACD of 0.01 indicates Positive momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 85.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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
KNO	60 Neutral	AU$7.56M	47.78	-2.18%	―	-2.13%	81.58%
RTH	56 Neutral		112.21	2.99%	―	37.63%	―
Sector *	50 Neutral	AU$1.52B	1.92	-28.25%	3.31%	16.21%	-7.40%
WHK	46 Neutral	AU$8.90M	―		―	16.26%	62.58%
EAT	32 Underperform	AU$5.13M	―		―	7.02%	-44.64%

RAS Technology Holdings Limited Corporate Events

RAS Technology Holdings Boosts ARR with Strategic Acquisitions and Partnerships

RAS Technology Holdings Limited has announced a significant increase in its annualised recurring revenue (ARR), now standing at $21.1 million, boosted by new customer acquisitions and contract extensions. The recent acquisition of Hong Kong-based racing data and editorial publications has contributed $1.1 million to the ARR, enhancing the company’s revenue base and market presence. The company has secured several strategic partnerships and deals, including collaborations with Pragmatic Play, Metric Gaming, and Entain, which are expected to drive further growth and solidify its market position. The successful integration of the Hong Kong acquisition and a strong pipeline of opportunities position RAS for continued growth into FY26.

The most recent analyst rating on (AU:RTH) stock is a Buy with a A$1.66 price target. To see the full list of analyst forecasts on RAS Technology Holdings Limited stock, see the AU:RTH Stock Forecast page.

RAS Technology Issues New Shares Under Regulatory Compliance

RAS Technology Holdings Limited has issued 32,051 fully paid ordinary shares, as announced under Section 708A of the Corporations Act 2001. This issuance was conducted without disclosure to investors, and the company confirms compliance with relevant provisions of the Corporations Act. This move is part of RAS’s ongoing efforts to maintain transparency and adhere to regulatory requirements, potentially impacting its market operations and stakeholder relations.

RAS Technology Holdings Issues New Shares to Employee

RAS Technology Holdings Limited has announced the issuance of 32,051 ordinary fully paid shares to an employee, with the securities set to be quoted on the ASX under the code RTH. This move is part of the company’s ongoing efforts to incentivize and retain key personnel, potentially strengthening its operational capabilities and market position.

RAS Technology Holdings Announces Sydney Registry Office Relocation

RAS Technology Holdings Limited has announced a change in the address of its registry office in Sydney, effective from April 14, 2025. The relocation to Liberty Place, Level 41, 161 Castlereagh Street, Sydney, NSW 2000, is part of its operational updates, with no changes to telephone numbers or postal addresses. This move is a procedural update and is not expected to have significant implications for stakeholders.