RDY 0.35% $2.86 readytech holdings limited

Under the radar?, page-5

  1. 4,308 Posts.
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    Thanks for your feedback Stephen.
    Today's news regarding Pemba's intention also look quite positive.
    Just regarding free cash flow, not sure we calculate it the same way. I get a free cash flow of 8.7 m for FY 20, by using a Capex of 5 m, including the payment for intangible of 4.3 m. The problem we have with this company is that they have a high level of EBITDA margin (39.7 %) because they capitalise their development costs. Reason why I deduct their payment for intangible (which include these development costs).

    Anyway, I also like this company and its valuation, reason why I also recently became a shareholder.
 
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