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Kinatico Ltd ASX:KYP

Capital Management Enterprise SaaS SaaS Share Buyback

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

2026

31 Oct 2025 to today

Commentary Showing 2 of 3

DateManagerActionSummary

30 Sep 2026DMX Asset ManagementHeldDMX Asset Management continues to hold Kinatico (ASX:KYP), which rose 7% in September 2026 after a well-received announcement of an on-market share buyback. DMX notes the buyback commenced in October at a healthy pace and expects it to enhance intrinsic value for shareholders while helping restore the equity value of the business. DMX describes Kinatico as a smaller, growing, cash-rich and profitable compliance software company, and the same view is shared across both the DMX Australian Shares Fund and the Monash Investors Small Companies Fund.

Capital Management Share BuybackMonthly Report, price recorded $0.14

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31 Jan 2026DMX Asset ManagementHeldDMX Asset Management continues to hold Kinatico Ltd because, despite a significant share price decline of 33% during the month, the fund retains confidence in the company's underlying value and long-term growth potential. The fund notes that while first-half SaaS revenue grew 49% and second-quarter growth was 42%, quarter-on-quarter incremental SaaS growth slowed markedly to $100,000, with the exit rate decelerating from 59% to 41%. DMX attributes this slowdown to a transitional period as Kinatico shifts from its legacy compliance product to a new-generation organisational compliance management platform. The fund expects growth to re-accelerate in the second half as marketing ramps and the new product gains traction, and continues to view KYP as one of the better value/growth propositions among ASX-listed SaaS companies given its strong balance sheet and emerging operating leverage.

Enterprise SaaSMonthly Report, price recorded $0.20

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Price at first mentionThe share price recorded when each of 1 managers first commented on KYP.

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About Kinatico Ltd

Information Technology, IT Services

Kinatico (ASX:KYP), a screening and compliance software company, has grown its SaaS revenue but disappointed DMX Asset Management on underlying trends. In January 2026, DMX noted Kinatico's second-quarter SaaS revenue rose 42% to $4.9 million and first-half SaaS revenue rose 49% to $9.7 million, but said these numbers masked a slowdown in other parts of the business. In October 2025, DMX said it had owned Kinatico since its CV Check days, when it had a large customer base but sold a commoditised offering, and highlighted its transition to SaaS. Kinatico operates in the Information Technology sector within the IT Services industry, and Thesis Tracker has captured 2 comments from 1 fund manager, DMX Asset Management. Kinatico provides employment screening, police checks, workforce compliance and tenant verification services, increasingly through its SaaS workforce compliance platform, serving employers and industries across Australia and New Zealand.

Market cap: $61m
Price to earnings: 30.8x
Return on equity: 7.1%
Dividend yield: 0.0%
Price to book: 2.10x
Net margin: 5.7%
52-week range: $0.12 to $0.42

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Kinatico Ltd (ASX:KYP)?

Fund managers including DMX Asset Management have invested in Kinatico Ltd (ASX:KYP).

What opportunities or catalysts do fund managers highlight for Kinatico Ltd?

DMX highlights strong SaaS revenue growth and Kinatico's transition from commoditised screening to higher-value compliance software.

What are the key risks to the Kinatico Ltd investment thesis, according to fund managers?

DMX notes the strong SaaS figures masked weakness in other parts of the business, raising concerns about overall growth.

What does Kinatico Ltd (ASX:KYP) do?

Kinatico Ltd provides specialized screening and verification services, including police checks, employment screening, and tenant verification. Serving employers, industry associations, and individuals, the company operates via its proprietary online platform, cvcheck.com. Founded by Steve Carolan in 2004, Kinatico is headquartered in Perth, Australia. The firm focuses on delivering streamlined digital identity and background check solutions to facilitate informed hiring and operational decision-making.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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