Reckon Limited
AU:
RKN
-
AUD
SOFTWARE-APPLICATION
A$0.97
+A$0.02
(+2.12%)
How to buy Reckon (RKN) shares
Learn how to easily invest in Reckon shares.
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Reckon Limited is a software-application business based in Australia. Reckon shares (RKN) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Reckon has a trailing 12-month revenue of around $75.6 million. If you're looking to buy shares, check out the steps below.
How to buy shares in Reckon
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Reckon . Find the share by name or ticker symbol: RKN. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Reckon reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check in on your investment. Congratulations, you own a part of Reckon . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
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Reckon stock price (ASX:RKN)
Use our graph to track the performance of RKN stocks over time.Reckon shares at a glance
Information last updated 2021-07-31.
| 52-week range | $0.5872 - $1.025 |
|---|---|
| 50-day moving average | $0.9014 |
| 200-day moving average | $0.8317 |
| Target price | $1.09 |
| PE ratio | 11.25 |
| Dividend yield | $0.05 (5.32%) |
| Earnings per share (TTM) | $0.084 |
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Is it a good time to buy Reckon stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Reckon price performance over time
Historical closes compared with the last close of A$0.8
| 1 month (2021-07-02) | -18.78% |
|---|---|
| 3 months (2021-04-30) | 0.8 |
Is Reckon under- or over-valued?
Valuing Reckon stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Reckon 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Reckon 's P/E ratio
Reckon 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Reckon shares trade at around 11x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Reckon 's EBITDA
Reckon 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $14.6 million.
The EBITDA is a measure of a Reckon 's overall financial performance and is widely used to measure a its profitability.
Reckon financials
| Revenue TTM | $75.6 million |
|---|---|
| Operating margin TTM | 17.48% |
| Gross profit TTM | $41.9 million |
| Return on assets TTM | 9.81% |
| Return on equity TTM | 41.92% |
| Profit margin | 12.88% |
| Book value | 0.224 |
| Market capitalisation | $107.1 million |
TTM: trailing 12 months
Reckon share dividends
Dividend payout ratio: 1.25% of net profits
Recently Reckon has paid out, on average, around 1.25% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.29% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Reckon shareholders could enjoy a 5.29% return on their shares, in the form of dividend payments. In Reckon 's case, that would currently equate to about A$0.05 per share.
While Reckon 's payout ratio might seem low, this can signify that Reckon is investing more in its future growth.
The latest dividend was paid out to all shareholders who bought their shares by 22 February 2021 (the "ex-dividend date").
Reckon share price volatility
Over the last 12 months, Reckon 's shares have ranged in value from as little as $0.5872 up to $1.025. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Reckon 's is 0.8751. This would suggest that Reckon 's shares are less volatile than average (for this exchange).
Reckon overview
Reckon Limited provides software solutions in Australia, the United States, and internationally. It operates through Business Group; Practice Management Group, Accountants; and Practice Management Group, Legal segments. The company offers Reckon One, an online accounting software for small businesses; Single Touch Payroll software for managing pay runs, allowances, leave, and superannuation; Reckon Accounts Hosted, an online accounting software to manage finances, payroll, and inventory; Reckon Cloud POS, an online point of sale software; and Better Clinics, an online practice management software for health and fitness professionals. It also provides Reckon Loans, which offers business loans; Reckon Accounts Desktop, a desktop accounting software; Desktop Point of Sale; Reckon Personal Range for personal finances; Reckon APS that provides accounting practice solutions; Reckon Elite for smaller practice management; and Reckon Billback, a client cost recovery solution. In addition, the company develops, distributes, and supports cost recovery, scan and cloud-based integration platforms under the nQ Zebraworks brand primarily to the legal market. Reckon Limited was incorporated in 1987 and is headquartered in North Sydney, Australia.
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Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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