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RAS Technology Holdings Limited
(Sydney:RTH)
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Rating:62Neutral
Price Target:
AU$1.00
▲(66.67% Upside)
Action:Reiterated
Date:10/20/26
The score is primarily supported by strong revenue growth, improving cash generation, and a conservatively levered balance sheet. This is offset by unstable profitability (loss-making in 2026) and weak headline valuation signals due to negative earnings, while technicals are positive but appear overextended given the high RSI.
Positive Factors
Strong Revenue Growth
Revenue has expanded substantially over several years, indicating meaningful business scaling and continued demand for the company’s offerings. Sustained top-line growth can support operating leverage, broaden the customer base, and provide a foundation for stronger earnings if profitability stabilizes.
Negative Factors
Return to Net Loss
The return to a net loss and negative EBIT shows that reported operating performance has not yet become dependable despite positive EBITDA. Continued earnings losses could limit internally funded growth, reduce confidence in profit conversion, and make results more difficult to forecast.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Revenue has expanded substantially over several years, indicating meaningful business scaling and continued demand for the company’s offerings. Sustained top-line growth can support operating leverage, broaden the customer base, and provide a foundation for stronger earnings if profitability stabilizes.
Read all positive factors
RAS Technology Holdings Limited (RTH) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$48.36M
Dividend YieldN/A
Average Volume (3M)258.71K
Price to Earnings (P/E)―
Beta (1Y)0.32
Revenue Growth33.71%
EPS Growth-277.88%
CountryAU
Employees67
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.02
Shares Outstanding47,885,900
10 Day Avg. Volume762,023
30 Day Avg. Volume258,715
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)1.85
Price to Sales (P/S)0.88
P/FCF Ratio11.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.04Price Target Upside73.33% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.06
Revenue Forecast (FY)AU$31.60M
RAS Technology Holdings Limited Business Overview & Revenue Model
Company Description
RAS Technology Holdings Limited furnishes comprehensive data, digital content, and cloud-based software solutions tailored for the global racing and betting industries. Its operations extend across Australia, the United Kingdom, the United States,...
RAS Technology Holdings Limited Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 28.44M | 21.27M | 16.18M | 11.72M | 8.33M |
| Gross Profit | 9.72M | 9.74M | 4.35M | 1.59M | 8.33M |
| EBITDA | 1.75M | 2.57M | 543.00K | -1.00M | -2.83M |
| Net Income | -957.00K | 526.00K | -381.00K | -1.30M | -2.99M |
Balance Sheet | |||||
| Total Assets | 21.05M | 21.82M | 19.47M | 18.04M | 18.29M |
| Cash, Cash Equivalents and Short-Term Investments | 4.19M | 5.67M | 8.35M | 8.68M | 10.77M |
| Total Debt | 144.00K | 454.00K | 785.00K | 1.09M | 1.14M |
| Total Liabilities | 7.43M | 7.38M | 6.87M | 5.46M | 4.46M |
| Stockholders Equity | 13.62M | 14.43M | 12.60M | 12.58M | 13.83M |
Cash Flow | |||||
| Free Cash Flow | 2.14M | 2.94M | -30.00K | -1.93M | -3.80M |
| Operating Cash Flow | 2.28M | 3.04M | 2.31M | 64.00K | -1.72M |
| Investing Cash Flow | -3.44M | -6.94M | -2.34M | -1.91M | -2.08M |
| Financing Cash Flow | -360.00K | 1.02M | -305.00K | -236.00K | 12.52M |
RAS Technology Holdings Limited Technical Analysis
Positive
0.60
Price Trends
0.67
Positive
0.63
Positive
0.68
Positive
Market Momentum
0.11
Negative
77.90
Negative
98.95
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 0.6 is below the 20-day moving average (MA) of 0.74, below the 50-day MA of 0.67, and below the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.11 indicates Negative momentum. The RSI at 77.90 is Negative, neither overbought nor oversold. The STOCH value of 98.95 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$48.36M | -50.25 | -6.86% | ― | 33.71% | -277.88% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
49 Neutral | AU$11.39M | -2.27 | -21.70% | ― | -4.17% | 80.49% | |
48 Neutral | AU$12.20M | -1.69 | -162.05% | ― | -11.66% | 89.02% | |
46 Neutral | AU$18.94M | -10.00 | -26.53% | ― | -42.68% | 32.10% | |
46 Neutral | AU$4.54M | -1.84 | -61.71% | ― | -1.71% | -58.33% | |
44 Neutral | AU$15.12M | -5.23 | 134.85% | ― | 23.92% | 79.94% |
* Technology Sector Average
AU:RTH
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RAS Technology Holdings Limited Corporate Events
RAS Technology Sets AGM Date and Streamlines Shareholder Voting
Oct 20, 2026
RAS Technology Holdings Limited has scheduled its 2026 Annual General Meeting for 20 November 2026 at the Executive Innovation Centre in Kingston, ACT. The meeting will address standard corporate governance matters, including the adoption of the r...
RAS Technology Sets November 2026 AGM to Vote on Board and Pay
Oct 20, 2026
RAS Technology Holdings Limited has called its Annual General Meeting for 20 November 2026 in Kingston, ACT, inviting shareholders to review the company’s financial report for the year ended 30 June 2026 and consider key governance matters. ...
RAS Technology Sets November 2026 Date for AGM and Director Elections
Sep 25, 2026
RAS Technology Holdings Limited has scheduled its next Annual General Meeting for Friday, 20 November 2026, in line with ASX Listing Rule requirements. The meeting will include standard governance matters, most notably the re-election and appointm...
RAS Technology Updates ASX Corporate Governance Disclosures
Aug 27, 2026
RAS Technology Holdings Limited has released its updated corporate governance statement for the financial year ended 30 June 2026, confirming compliance with ASX Corporate Governance Council Principles and Recommendations. The statement is hosted ...
RAS Technology outlines FY2026 results in investor presentation
Aug 27, 2026
RAS Technology Holdings Limited has released an investor presentation covering its FY2026 results, offering a high-level overview of the group’s operations and financial information as at the presentation date. The document is positioned as ...
RAS Technology lifts revenue 34% as UK and Asia deals drive growth
Aug 27, 2026
RAS Technology Holdings Limited reported strong top-line growth for FY2026, with revenue rising 34% to $28.4 million as all three operating verticals contributed, including a full year from its Asian acquisition. Annualised recurring revenue reach...
RAS Technology Lifts Revenue but Posts Annual Loss and Lower Asset Backing
Aug 27, 2026
RAS Technology Holdings Limited reported a strong top-line performance for the year ended 30 June 2026, with revenues from ordinary activities rising 33.7% to $28.44 million. Despite this growth, the company posted a net loss after tax of $0.96 mi...
RAS Technology to Release FY26 Results and Host Investor Webinar
Aug 12, 2026
RAS Technology Holdings Ltd has announced it will release its financial results for the 12 months ending 30 June 2026 on Thursday, 27 August 2026. The company will host an investor webinar the same day at 10.30am AEST, led by Chief Executive Offic...
RAS Technology Expands $9.1m Data and Content Deal with Tabcorp
Jul 30, 2026
RAS Technology Holdings Limited has signed a new four-year agreement with Tabcorp to provide domestic racing data and content, including its Fast Form service, valued at $9.1 million plus indexation. Under the deal, RAS will supply content, analyt...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.