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Gentrack Group (GTK) Fair Value & Analysis

Technology · AU · Market cap A$349M

GG Gentrack Group GTK · AU
PriceA$3.21
Fair ValueA$3.05
Upside-5.0%
Quality59/100
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Healthy Growth
Thin margins · 8.2% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 38/100
Evidence: High Range A$2.31 – A$3.66 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jul 18, 2026, revised from A$3.52 to A$3.05 (−13.4%) since Jul 17, 2026. Share price +5.2% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from A$2.31 (bear) to A$3.66 (bull), base A$3.05. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

A$13.01 A$1.18 Fair Value A$3.05 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range A$1.18 – A$13.01 · fair‑value band A$2.31 – A$3.66 · the A$3.21 price screens above the A$3.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Gentrack Group (GTK) currently trades at A$3.21, while our model-based Fair Value estimate is A$3.05, implying the stock looks roughly 5.0% fairly valued today. The Quality Score stands at 59/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Gentrack Group generated revenue of A$228M at a net margin of 8.2%. Revenue declined 1.7% year over year. It earns a return on equity of 8.0%. The balance sheet holds a net cash position of A$68.0M. Fundamentals as of Jul 18, 2026

Our scenario range runs from A$2.31 (bear case) to A$3.66 (bull case); at A$3.21, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 73% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at -5%, GTK screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF A$2.96 A$4.72 A$7.63 80
Residual Income A$1.70 A$1.79 A$1.94 76
Rev-Margin DCF A$2.52 A$3.99 A$6.11 74
All 26 models by family
DCF Models
FCF DCF A$3.06 A$4.48 A$7.99 38
Owner Earnings A$3.87 A$6.98 A$12.57 31
5Y Revenue Exit A$2.52 A$3.91 A$6.23 39
5Y EBITDA Exit A$3.04 A$5.06 A$8.23 41
5Y P/E Exit A$3.27 A$5.77 A$8.91 38
10Y Revenue Exit A$2.64 A$4.16 A$6.20 36
10Y EBITDA Exit A$3.02 A$5.02 A$8.49 37
10Y P/E Exit A$3.16 A$5.39 A$9.07 35
Earnings-Based
Graham-Dodd A$1.25 A$8.23 A$11.52 54
Lynch FV A$2.40 A$3.43 A$4.45 50
PEG = 1.0 A$2.40 A$3.43 A$4.45 46
EPV A$1.91 A$2.07 A$2.20 59
Dividend Discount
Gordon GGM A$0.2100 A$0.3700 A$0.5100 70
DDM Multi-Stage A$0.2100 A$0.3400 A$0.4000 61
Multiples
P/E Multiple A$2.76 A$3.68 A$4.60 63
P/S Multiple A$2.35 A$3.13 A$3.91 58
P/B Multiple A$2.35 A$3.13 A$3.91 55
EV/EBIT A$2.93 A$3.66 A$4.39 53
EV/EBITDA A$3.15 A$3.95 A$4.75 54
EV/Revenue A$2.22 A$2.85 A$3.49 43
Asset-Based
NCAV (Graham) A$1.08 A$1.44 A$2.15 50
Growth DCF
Growth DCF A$2.96 A$4.72 A$7.63 80
Rev-Margin DCF A$2.52 A$3.99 A$6.11 74
Economic Profit
Residual Income A$1.70 A$1.79 A$1.94 76
ROIC Compounder A$1.91 A$2.07 A$2.27 72
Growth Earnings
Growth-Adj P/E A$3.29 A$4.69 A$6.10 68

Widest divergence: DCF Models (A$5.02) versus Dividend Discount (A$0.3400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$228M
Revenue growth (YoY) -1.7%
Net margin 8.2%
Return on equity 8.0%
Free cash flow A$21.1M FY2025
P/E ratio 23.6
More key figures
Operating margin 1.9%
EPS (TTM) A$0.1400
EPS growth (YoY) -23.0%
Net cash A$68.0M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 62 · Market factors (momentum, volatility) 18

Profitability 43
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 29
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 70
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Gentrack Group Limited engages in the development, integration, and support of enterprise billing and customer management software solutions for the energy and water utility, and airport industries. The company operates in two segments, Utility Billing Software and Airport Management Software.

Full company description

Gentrack Group Limited engages in the development, integration, and support of enterprise billing and customer management software solutions for the energy and water utility, and airport industries. The company operates in two segments, Utility Billing Software and Airport Management Software. Its products portfolio includes end-to-end offerings; customer engagement; billing and finance solutions; business and data applications; distributed energy resource management; customer information systems; and debt management tools. The company also provides support services, such as upgrades, software revisions, and extended support, as well as software development and sales. It operates in Australia, New Zealand, the United Kingdom, and internationally. Gentrack Group Limited was founded in 1989 and is headquartered in Auckland, New Zealand.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gentrack Group reported revenue of A$230M in FY2025 versus A$106M in FY2021, a compound +21.5%/yr. Reported net income was A$20.7M in FY2025, compounding +59.6%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
A$230M
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+43.4%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.8%
Avg. growth/yr (11Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+20.5%
Revenue +21.5%/yr
FY21 A$106M
FY22 A$126M
FY23 A$170M
FY24 A$311M
FY25 A$230M
Net income +59.6%/yr
FY21 A$3.2M
FY22 −A$3.3M
FY23 A$10.0M
FY24 A$9.5M
FY25 A$20.7M
Character of growth · EPS growth decomposed (2014-2025) +1.4 % p.a.
Revenue per share +14.4 pp

of which total revenue +20.4 pp · buybacks/dilution −6.1 pp

EBIT margin −22.8 pp
Tax rate +1.7 pp
Residual (interest, one-offs) +8.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Gentrack Group Fair Value". https://www.fairvalue-calculator.com/stock/GTK

Peer Group

Software - Infrastructure · 371 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside −5% · Above median
Return on equity (TTM) 8% · Above median
Return on assets 2% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth -2% · Bottom 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 22.1× · Cheaper than median
P/B 1.02× · Cheaper than median
P/S (TTM) 1.08× · Cheaper than median
P/FCF 11.7× · Pricier than median
EV/EBITDA 10.2× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 27 · sector 0
FUTURE 0 · sector 46
PAST 32 · sector 14
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Gentrack Group (GTK) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of A$3.05 versus a price of A$3.21, about −5% (fairly valued).
What is the fair value of GTK?
Our model-based fair value for Gentrack Group is A$3.05 (as of Jul 18, 2026), built from audited fundamentals. The current price is A$3.21.
What is the quality score of GTK?
Gentrack Group has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Gentrack Group (GTK)?
Gentrack Group reported trailing-twelve-month revenue of about A$228M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of GTK?
The net profit margin of Gentrack Group is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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