RAS Technology Holdings Limited (RTH) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 22.51K
• Price to Earnings (P/E): 116.3
• Beta (1Y): 0.97
• Revenue Growth: 37.63%
• EPS Growth: N/A
• Country: AU
• Employees: 67
• Sector: Technology
• Sector Strength: 94
• Industry: Software - Infrastructure
• EPS (TTM): <0.01
• Shares Outstanding: 46,725,716
• 10 Day Avg. Volume: 14,890
• 30 Day Avg. Volume: 22,512
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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$1.78
• Price Target Upside: 79.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 56 Neutral
• Price Target: AU$1.00 ▲(1.01% Upside)

The stock score reflects strong revenue growth and financial stability, offset by challenges in profitability and high valuation concerns. Technical indicators suggest neutral momentum, providing some optimism for future performance. However, the high P/E ratio and lack of dividend yield suggest caution for value investors.

RAS Technology Holdings Limited Business Overview & Revenue Model

Company Description

RAS Technology Holdings Limited (RTH) is an innovative technology company specializing in the development and delivery of data and analytics products for the global racing and wagering industries. The company provides a comprehensive suite of services, including data integration, analytics, and software solutions, enabling its clients to enhance their operational efficiencies and improve customer engagement. RTH operates primarily in the sports technology sector, focusing on delivering high-quality, real-time information and insights to stakeholders in the racing industry.

How the Company Makes Money

RAS Technology Holdings Limited primarily generates revenue through the provision of its data and analytics products and services to the racing and wagering sectors. The company's key revenue streams include subscription fees for access to its comprehensive data solutions, licensing fees from partners utilizing its technology platforms, and consultancy services offered to enhance clients' operational capabilities. Significant partnerships with racing organizations and wagering operators amplify RTH's earnings by expanding its market presence and enabling collaborative product development. The company's ability to deliver tailored solutions to meet the specific needs of its clients plays a crucial role in sustaining and growing its revenue base.

RAS Technology Holdings Limited Financial Statement Overview

Summary

RAS Technology Holdings demonstrates strong revenue growth and a stable balance sheet with low leverage. However, it faces significant profitability challenges and negative free cash flow, which impact its overall financial performance.

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: 0.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.99 is above the 20-day moving average (MA) of 0.96, above the 50-day MA of 0.95, and above the 200-day MA of 0.90, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 57.79 is Neutral, neither overbought nor oversold. The STOCH value of 60.32 is Neutral, 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	63 Neutral	AU$8.00M	47.78	-2.18%	―	-2.13%	81.58%
Sector *	61 Neutral	$34.84B	4.76	-10.43%	2.08%	6.54%	-10.13%
RTH	56 Neutral		116.28	2.99%	―	37.63%	―
WHK	46 Neutral	AU$8.15M	―		―	16.26%	62.58%
EAT	32 Underperform	AU$5.13M	―		―	7.02%	-44.64%

RAS Technology Holdings Limited Corporate Events

RAS Technology Holdings Announces Leadership Transition with Retirement of Chair

RAS Technology Holdings Limited announced the retirement of Ms. Kate Carnell AO as Non-Executive Chair, effective July 18, 2025. Her departure comes as the company continues its strategic transition to a global wagering technology solutions provider. Under her leadership, RAS experienced significant revenue growth and expanded its international business, contributing to an increase in enterprise customers and recurring revenues. The Board has appointed Greg Nichols as interim Non-Executive Chair to ensure continuity until a permanent Chair is found. Nichols brings extensive experience in racing across international jurisdictions, which aligns with the company’s growth strategies.

The most recent analyst rating on (AU:RTH) stock is a Buy with a A$1.78 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 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.