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RAS Technology Holdings (RTH) Fair Value & Analysis

Technology · AU · Market cap A$27.8M

RT RAS Technology Holdings RTH · AU
PriceA$0.6950
Fair ValueA$0.2300
Upside-66.9%
Quality71/100
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Healthy Growth
Loss-making · -1.1% net margin
generates free cash flow
Mixed vs. peers (5/11)
Narrow moat 19/100
Evidence: High Range A$0.2300 – A$0.2300 Share as image

Fair value as of: Jul 17, 2026

From 26 valuation models · updated 25 days ago

Share price +25.2% over the past month.

A solid business, but screening 67% overvalued on our models.

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (A$0.2300). The favourable scenario is already priced in.
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Price vs Fair Value (5 years)

A$1.81 A$0.3900 Fair Value A$0.2300 Nov 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

57‑month range A$0.3900 – A$1.81 · the A$0.6950 price screens above the A$0.2300 fair value. Dashed = 300-day average. As of Jul 17, 2026.

Full chart & analysis →

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Analysis

RAS Technology Holdings (RTH) currently trades at A$0.6950, while our model-based Fair Value estimate is A$0.2300, implying the stock looks roughly 66.9% overvalued today. The Quality Score stands at 71/100 (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, RAS Technology Holdings generated revenue of A$25.1M at a net margin of -1.1%. Revenue grew 38.3% year over year. It earns a return on equity of -1.8%. The balance sheet holds a net cash position of A$5.2M. Fundamentals as of Jul 17, 2026

The share trades about 46% below its 52-week high and 26% 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 -67%, RTH screens richer 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
Residual Income A$0.2000 A$0.1900 A$0.1500 76
Growth DCF A$0.8000 A$1.22 A$1.88 72
Gordon GGM A$0.0400 A$0.0700 A$0.0900 70
All 26 models by family
DCF Models
FCF DCF A$0.8500 A$1.14 A$1.99 38
Owner Earnings A$0.7100 A$1.27 A$2.26 31
5Y Revenue Exit A$0.3800 A$0.4200 A$0.5100 39
5Y EBITDA Exit A$0.6500 A$0.9800 A$1.62 41
5Y P/E Exit A$0.4800 A$0.7400 A$1.06 38
10Y Revenue Exit A$0.5500 A$0.7500 A$0.7800 36
10Y EBITDA Exit A$0.7200 A$1.25 A$2.12 37
10Y P/E Exit A$0.6200 A$0.9400 A$1.41 35
Earnings-Based
Graham-Dodd A$0.0700 A$0.5200 A$0.7300 54
Lynch FV A$0.2700 A$0.3800 A$0.5000 50
PEG = 1.0 A$0.2700 A$0.3800 A$0.5000 46
EPV A$0.1200 A$0.1200 A$0.1200 59
Dividend Discount
Gordon GGM A$0.0400 A$0.0700 A$0.0900 70
DDM Multi-Stage A$0.0400 A$0.0700 A$0.0800 61
Multiples
P/E Multiple A$0.1600 A$0.2200 A$0.2700 63
P/S Multiple A$0.1400 A$0.1900 A$0.2300 58
P/B Multiple A$0.1400 A$0.1900 A$0.2300 55
EV/EBIT A$0.1200 A$0.1200 A$0.1200 53
EV/EBITDA A$0.5500 A$0.6900 A$0.8300 54
EV/Revenue A$0.1200 A$0.1200 A$0.1200 43
Asset-Based
NCAV (Graham) A$0.1500 A$0.2000 A$0.3000 50
Growth DCF
Growth DCF A$0.8000 A$1.22 A$1.88 72
Rev-Margin DCF A$0.4000 A$0.4700 A$0.6300 67
Economic Profit
Residual Income A$0.2000 A$0.1900 A$0.1500 76
ROIC Compounder A$0.1200 A$0.1200 A$0.1200 67
Growth Earnings
Growth-Adj P/E A$0.3500 A$0.5000 A$0.6400 68

Widest divergence: DCF Models (A$0.9400) versus Dividend Discount (A$0.0700). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$25.1M
Revenue growth (YoY) +38.3%
Net margin -1.1%
Return on equity -1.8%
Free cash flow A$2.9M FY2025
Operating margin -4.8%
More key figures
EPS (TTM) A$-0.0100
Net cash A$5.2M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 73 · Market factors (momentum, volatility) 30

Profitability 46
Margins and returns on capital today
Quality Growth 99
Are margins and returns improving?
Cashflow 80
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 61
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

RAS Technology Holdings Limited provides data, content, software as a service (SaaS) solution, and digital and media services in Australia, the United Kingdom, the United States, Asia, and internationally. The company offers enhanced information services, wagering technology and services, digital and media, and distribution and integrity services.

Full company description

RAS Technology Holdings Limited provides data, content, software as a service (SaaS) solution, and digital and media services in Australia, the United Kingdom, the United States, Asia, and internationally. The company offers enhanced information services, wagering technology and services, digital and media, and distribution and integrity services. It serves racing and sports 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

RAS Technology Holdings reported revenue of A$21.3M in FY2025 versus A$5.3M in FY2021, a compound +41.6%/yr. Reported net income was A$526K in FY2025, compounding −24.1%/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$21.3M
Latest YoY
+31.4%
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.
+36.7%
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.
+42.3%
Avg. growth/yr (6Y) 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.
+33.9%
Revenue +41.6%/yr
FY21 A$5.3M
FY22 A$8.3M
FY23 A$11.7M
FY24 A$16.2M
FY25 A$21.3M
Net income −24.1%/yr
FY21 A$1.6M
FY22 −A$3.0M
FY23 −A$1.3M
FY24 −A$381K
FY25 A$526K

RTH screens 67% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "RAS Technology Holdings Fair Value". https://www.fairvalue-calculator.com/stock/RTH

Peer Group

Software - Infrastructure · 370 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 71 · Top 25%
Fair Value upside −67% · Bottom 25%
Return on assets -2% · Below median
Net margin (TTM) -1% · Below median
Operating margin (TTM) -5% · Below median
Revenue growth 38% · Top 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 1.36× · Cheaper than median
P/S (TTM) 0.78× · Cheaper than median
P/FCF 6.7× · Cheaper than median
EV/EBITDA 16.4× · Pricier 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 0 · sector 0
FUTURE 100 · sector 47
PAST 0 · sector 15
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

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 17, 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 RAS Technology Holdings (RTH) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$0.2300 versus a price of A$0.6950, about −67% (overvalued).
What is the fair value of RTH?
Our model-based fair value for RAS Technology Holdings is A$0.2300 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$0.6950.
What is the quality score of RTH?
RAS Technology Holdings has a Quality Score of 71/100. 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 RAS Technology Holdings (RTH)?
RAS Technology Holdings reported trailing-twelve-month revenue of about A$25.1M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of RTH?
The net profit margin of RAS Technology Holdings is about -1.1%, meaning it is currently running at a net loss. 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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