DXN Ltd. (AU:DXN)
ASX:DXN
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DXN Ltd.
(Sydney:DXN)
Select Model
Select Model
Rating:39Underperform
Price Target:
AU$0.02
▼(-25.00% Downside)
Action:ReiteratedDate:04/02/26
The score is constrained primarily by weak financial health (ongoing losses, negative operating/free cash flow, and elevated leverage). Technicals also weigh on the outlook due to a clear downtrend, while valuation offers limited support given the negative P/E and no dividend.
Positive Factors
Recent Revenue Growth
An 8.67% revenue increase in the latest period indicates the business can still expand its top line despite broader challenges. Durable revenue growth supports market traction and provides a base for operating leverage if management can translate topline gains into sustained margin improvements and cash generation.
Negative Factors
Persistent Loss-Making
Ongoing negative EBIT and net margins indicate the core business has not yet achieved operational profitability. Persistently loss-making operations limit retained earnings, increase reliance on external capital, and impair return on equity, creating a structural headwind until profitability is demonstrably restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Recent Revenue Growth
An 8.67% revenue increase in the latest period indicates the business can still expand its top line despite broader challenges. Durable revenue growth supports market traction and provides a base for operating leverage if management can translate topline gains into sustained margin improvements and cash generation.
Read all positive factors
DXN Ltd. (DXN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.03M
Dividend YieldN/A
Average Volume (3M)296.86K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth49.03%
EPS Growth91.45%
CountryAU
Employees29
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.01
Shares Outstanding314,204,700
10 Day Avg. Volume478,717
30 Day Avg. Volume296,861
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)3.68
Price to Sales (P/S)1.13
P/FCF Ratio-2.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$16.00M
DXN Ltd. Business Overview & Revenue Model
Company Description
DXN Limited designs, manufactures, owns, and operates data centers and related infrastructure in Australia. The company's data centers provide space, power, cooling, and physical security for clients to house their computer servers, and related st...
How the Company Makes Money
null...
DXN Ltd. Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
40
Negative
Cash Flow
30
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.95M | 16.03M | 10.76M | 6.58M | 14.26M | 8.04M |
| Gross Profit | 628.91K | 5.39M | 1.68M | -3.33M | -4.08M | -6.20M |
| EBITDA | -3.07M | -218.08K | 175.90K | -5.99M | -3.28M | -42.65K |
| Net Income | -4.37M | -2.31M | -2.30M | -9.61M | -6.90M | -4.81M |
Balance Sheet | ||||||
| Total Assets | 12.96M | 16.15M | 14.16M | 18.48M | 27.27M | 23.87M |
| Cash, Cash Equivalents and Short-Term Investments | 2.44M | 3.12M | 2.98M | 710.21K | 1.92M | 1.66M |
| Total Debt | 7.12M | 6.45M | 8.32M | 13.16M | 15.56M | 10.14M |
| Total Liabilities | 10.91M | 11.23M | 14.57M | 18.66M | 19.82M | 12.86M |
| Stockholders Equity | 2.05M | 4.92M | -412.27K | -175.14K | 7.45M | 11.01M |
Cash Flow | ||||||
| Free Cash Flow | -4.78M | -6.27M | 1.13M | -1.86M | -428.58K | -2.84M |
| Operating Cash Flow | -1.87M | -3.89M | 1.17M | -1.53M | -378.98K | -2.66M |
| Investing Cash Flow | -3.62M | -3.25M | -183.37K | -334.06K | -3.87M | 1.88M |
| Financing Cash Flow | 2.15M | 7.27M | 770.39K | 1.22M | 4.51M | -1.14M |
DXN Ltd. Technical Analysis
Negative
0.02
Price Trends
0.03
Negative
0.04
Negative
0.05
Negative
Market Momentum
>-0.01
Negative
18.12
Positive
57.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DXN, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.03, and below the 200-day MA of 0.05, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 18.12 is Positive, neither overbought nor oversold. The STOCH value of 57.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DXN.
DXN Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | AU$42.77M | -77.51 | 4.70% | 4.66% | 14.59% | -11.13% | |
53 Neutral | AU$9.09M | -13.48 | -119.80% | ― | 106.54% | 74.33% | |
46 Neutral | AU$36.63M | 8.18 | 1.96% | 3.45% | 2.06% | -277.78% | |
46 Neutral | AU$264.89M | 31.82 | -10.10% | ― | -3.10% | -236.41% | |
41 Neutral | AU$9.10M | -1.13 | -126.80% | ― | -35.77% | -8.93% | |
39 Underperform | AU$5.03M | -0.86 | -125.38% | ― | 49.03% | 91.45% |
* Technology Sector Average
AU:DXN
DXN Ltd.
0.02
-0.02
-60.00%
AU:CCG
Comms Group Ltd. (Australia)
0.07
0.02
48.89%
AU:ATV
Activeport Group Limited
0.01
>-0.01
-28.57%
AU:COS
Cosol Limited
0.24
-0.53
-69.08%
AU:DUG
DUG Technology Ltd
1.96
0.92
87.98%
AU:REM
RemSense Technologies Ltd.
0.05
>-0.01
-8.00%
DXN Ltd. Corporate Events
DXN Reshapes Business Around Modular Data Centres and New DCaaS Model
Feb 26, 2026
DXN Ltd. has outlined its three-core-market structure, highlighting a modular division that generated about 85% of FY25 revenue through a project-based business designing and deploying prefabricated data centres globally. The company also operates...
DXN posts deeper half-year loss as revenues slide and balance sheet turns negative
Feb 26, 2026
DXN Limited reported a sharp deterioration in its half-year financial performance to 31 December 2025, with revenue plunging 65.5% to $2.68 million and gross profit falling 78.6%, resulting in a net loss after tax of $3.47 million versus a $1.42 m...
DXN Reshapes Modular Data Centre Business with New DCaaS Model
Jan 30, 2026
DXN Limited has outlined its business structure for Q2 FY26, highlighting the dominance of its Modular Division, which contributed about 85% of FY25 revenue by offering flexible and scalable prefabricated data centre solutions worldwide. The compa...
DXN Banks on Asia-Pacific Expansion and DCaaS to Reignite Growth After Soft Quarter
Jan 29, 2026
DXN Limited reported a sharp year-on-year revenue decline to $1.74 million for the December 2025 quarter due to customer-driven project deferrals, though it closed the period with a robust total backlog of about $15 million and a cash balance of $...
DXN Sets Up Indonesian Joint Venture to Tap Booming Digital Infrastructure Market
Jan 19, 2026
DXN Limited has signed a strategic, non-binding Memorandum of Understanding and shareholder agreement with Indonesian digital infrastructure operator Super Sistem Indonesia to establish a jointly owned Singapore-based holding company and a manufac...
DXN Director Brendan Power Exercises Newly Issued Options, Lifts Shareholding
Jan 7, 2026
DXN Limited has disclosed a change in director Brendan Power’s interests in the company’s securities, following shareholder approval at the November 2025 annual general meeting. Power was issued 1,083,871 options on 6 January 2026 and ...
DXN Seeks ASX Quotation for 2.17 Million Newly Issued Shares
Jan 7, 2026
DXN Ltd. has applied to the ASX for quotation of a total of 2,167,742 new ordinary fully paid shares, issued in two equal tranches of 1,083,871 shares dated 31 December 2025 and 6 January 2026. The new securities arise from the exercise or convers...
DXN Issues Over 1 Million Unquoted Options Under Employee Incentive Scheme
Jan 7, 2026
DXN Limited has issued 1,083,871 unquoted options under its employee incentive scheme, with each option expiring on 17 December 2030 and carrying no exercise price, and these securities will be subject to transfer restrictions and will not be quot...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.