PEXA Group Limited (AU:PXA)
ASX:PXA
Want to see AU:PXA full AI Analyst Report?
Top Page
PEXA Group Limited
(Sydney:PXA)
Select Model
Select Model
Rating:43Neutral
Price Target:
AU$12.00
▼(-4.61% Downside)
Action:ReiteratedDate:10/31/25
PEXA Group Limited's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. The technical analysis indicates a bearish trend, further contributing to the low score. The absence of earnings call data and corporate events means these factors do not influence the score.
Positive Factors
High gross margin
An 82% gross margin indicates the platform has low variable costs and strong unit economics. This durable margin profile supports reinvestment in product and scale, provides a buffer against revenue volatility, and underpins long-term profitability if volumes stabilize or grow.
Negative Factors
Declining revenue growth
A contraction in transaction volumes reduces the primary fee-based revenue the platform relies on. Persistent revenue decline undermines network effects, limits operating leverage, and can erode the scalable economics central to the business model unless product adoption or market share recovers.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
An 82% gross margin indicates the platform has low variable costs and strong unit economics. This durable margin profile supports reinvestment in product and scale, provides a buffer against revenue volatility, and underpins long-term profitability if volumes stabilize or grow.
Read all positive factors
PEXA Group Limited (PXA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.15B
Dividend YieldN/A
Average Volume (3M)369.60K
Price to Earnings (P/E)―
Beta (1Y)0.25
Revenue Growth15.75%
EPS Growth-323.25%
CountryAU
Employees900
SectorTechnology
Sector Strength88
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.12
Shares Outstanding175,936,200
10 Day Avg. Volume283,624
30 Day Avg. Volume369,598
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)2.11
Price to Sales (P/S)6.46
P/FCF Ratio40.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$15.31Price Target Upside21.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.29
Revenue Forecast (FY)AU$407.86M
PEXA Group Limited Business Overview & Revenue Model
Company Description
PEXA Group Limited operates a digital property settlements platform in Australia. It operates through three segments: PEXA Exchange, PEXA International, and PEXA Insights. The company operates electronic lodgement network, a cloud-based platform t...
How the Company Makes Money
PEXA Group primarily makes money by charging transaction-based fees for the use of its electronic lodgement and settlement platform. When a property transaction (e.g., a transfer, mortgage, refinance, discharge of mortgage, or other registrable de...
PEXA Group Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 406.45M | 373.05M | 340.06M | 281.69M | 279.84M | 221.05M |
| Gross Profit | 234.31M | 306.34M | 289.78M | 170.13M | 177.00M | 126.03M |
| EBITDA | 112.12M | 83.18M | 103.94M | 89.91M | 106.56M | 94.74M |
| Net Income | -57.63M | -76.08M | -18.01M | -21.84M | 21.85M | -11.79M |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.68B | 1.78B | 1.82B | 1.81B | 1.61B |
| Cash, Cash Equivalents and Short-Term Investments | 79.27M | 70.67M | 90.46M | 36.54M | 75.39M | 51.52M |
| Total Debt | 303.34M | 324.16M | 375.08M | 306.37M | 307.50M | 502.08M |
| Total Liabilities | 522.83M | 540.95M | 553.37M | 578.29M | 542.19M | 581.32M |
| Stockholders Equity | 1.13B | 1.14B | 1.23B | 1.24B | 1.26B | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | 127.92M | 58.98M | 41.10M | 8.62M | 39.76M | 86.19M |
| Operating Cash Flow | 128.74M | 116.77M | 109.94M | 83.23M | 89.78M | 109.28M |
| Investing Cash Flow | -60.21M | -63.12M | -117.46M | -119.46M | -80.70M | -23.35M |
| Financing Cash Flow | -44.81M | -73.50M | 61.80M | -2.95M | 15.02M | -104.83M |
PEXA Group Limited Technical Analysis
Negative
12.58
Price Trends
14.28
Negative
14.11
Negative
14.67
Negative
Market Momentum
-0.78
Positive
38.99
Neutral
38.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PXA, the sentiment is Negative. The current price of 12.58 is below the 20-day moving average (MA) of 13.74, below the 50-day MA of 14.28, and below the 200-day MA of 14.67, indicating a bearish trend. The MACD of -0.78 indicates Positive momentum. The RSI at 38.99 is Neutral, neither overbought nor oversold. The STOCH value of 38.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:PXA.
PEXA Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$2.53B | 2.94 | 11.96% | 6.09% | 2.70% | 205.08% | |
70 Outperform | AU$1.65B | 5.41 | 8.46% | 1.81% | 6.96% | 815.99% | |
70 Outperform | AU$1.85B | 7.50 | 5.63% | 4.85% | 4.39% | 176.52% | |
69 Neutral | AU$2.75B | 3.21 | 11.25% | 4.87% | 16.53% | 36.39% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | AU$2.48B | 4.72 | 6.69% | 6.14% | -9.63% | ― | |
43 Neutral | AU$2.15B | -41.37 | -6.42% | ― | 15.75% | -323.25% |
* Technology Sector Average
AU:PXA
PEXA Group Limited
12.61
1.69
15.48%
AU:BWP
BWP Trust
3.87
0.51
15.32%
AU:CLW
Charter Hall Long WALE REIT
3.48
-0.08
-2.14%
AU:HDN
HomeCo Daily Needs REIT
1.22
0.10
8.68%
AU:INA
Ingenia Communities Group
4.12
-1.21
-22.75%
AU:CIP
Centuria Industrial REIT
2.96
0.22
7.91%
PEXA Group Limited Corporate Events
PEXA reports lapse of 24,570 performance rights after unmet conditions
Apr 14, 2026
PEXA Group Limited has notified the market of the cessation of a tranche of its performance rights, as detailed in an Appendix 3H filing with the ASX. The company reported that multiple parcels of PXAAA performance rights, totaling 24,570 securiti...
PEXA issues new shares on conversion of unquoted equity
Apr 13, 2026
PEXA Group Limited has issued 28,970 new ordinary fully paid shares following the conversion of previously unquoted options or other unquoted convertible securities. The conversion, effective 16 March 2026 and disclosed in an Appendix 3G filing da...
PEXA Issues New Unquoted Performance Rights Under Employee Incentive Scheme
Apr 8, 2026
PEXA Group Limited has issued a total of 56,650 unquoted performance rights under its employee incentive scheme, with allocations made on 10, 12 and 17 March 2026. The securities, which will not be quoted on the ASX, form part of the company’...
PEXA notes IPART stakeholder workshop summary on ELNO service fees
Apr 2, 2026
PEXA Group Limited has acknowledged the publication by the New South Wales pricing regulator IPART of a summary from a stakeholder workshop held on 17 March 2026, focused on Electronic Lodgement Network Operator service fees. The release signals t...
PEXA to Hold Investor Briefing on Regulatory Update
Apr 2, 2026
PEXA Group Limited, a leading ASX-listed digital property exchange operator, dominates Australia’s electronic property transfer market and is extending its footprint into the UK’s digital refinancing and sale and purchase sectors. The ...
PEXA acknowledges IPART update on ELNO service fee methodology
Apr 2, 2026
PEXA Group Limited, the ASX-listed digital property exchange operator, has built a dominant position in Australia’s electronic conveyancing market, where its platform handles the vast majority of property transfer settlements. The company ha...
PEXA links share price moves to non-binding IPART pricing consultation
Apr 1, 2026
PEXA Group has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent movements in its share price and confirming its compliance with continuous disclosure obligations. The company pointed...
PEXA Responds as ARNECC Halts e-Conveyancing Interoperability Program
Mar 31, 2026
PEXA Group Limited has responded to a decision by the Australian Registrars’ National Electronic Conveyancing Council not to proceed for now with its planned Interoperability Program for e-conveyancing platforms. The company says it will con...
PEXA Director Helen Silver AO to Retire From Board in May 2026
Mar 19, 2026
PEXA Group Limited has announced that non-executive director Helen Silver AO will retire from the board effective 1 May 2026, stepping down from her role as Chair of the Remuneration, Nomination and People Committee. The board, led by Chair Mark J...
PEXA director increases equity holding via Non-Executive Director Share Plan
Mar 19, 2026
PEXA Group Limited has disclosed a change in director Helen Elizabeth Silver’s interests in the company’s securities, reflecting routine adjustments under its Non-Executive Director Share Plan. Silver’s holding increased as 1,247...
PEXA to Divest .id as It Refocuses on Core Digital Property Platform
Mar 16, 2026
PEXA Group Limited, a leading ASX‑listed digital property exchange that processes the vast majority of Australian property transfer settlements and is expanding into the UK, continues to refine its portfolio as it grows its core transaction ...
PEXA cancels 1.67 million shares under on-market buy-back
Mar 4, 2026
PEXA Group Limited has cancelled 1,665,660 ordinary fully paid shares following the completion of an on-market buy-back, as disclosed in an Appendix 3H filing dated 4 March 2026. The reduction in issued capital reflects the company’s ongoing...
PEXA restarts CFO search as acting finance chief stays on
Mar 1, 2026
PEXA Group Limited, a leading digital property exchange operator listed on the ASX, runs the platform that handles the vast majority of electronic property transfer settlements in Australia and has recently extended its presence into the U.K. digi...
PEXA completes A$18.9m on‑market share buy‑back
Feb 27, 2026
PEXA Group Limited has completed an on‑market share buy‑back of its ordinary fully paid shares, repurchasing a total of 1,665,660 securities for aggregate consideration of about A$18.9 million. The program, originally notified in Febru...
PEXA lifts earnings on record Australian volumes and UK recovery
Feb 26, 2026
PEXA Group delivered a strong first-half 2026 performance, with group revenue up 10% to $215.3 million, EBITDA up 19% and margins rising to 39.9%, driven by record transaction volumes in Australia, cost optimisation and a recovering UK property ma...
PEXA narrows half-year loss as revenue climbs but NTAs stay negative
Feb 26, 2026
PEXA Group Limited reported a 10% rise in revenue from ordinary activities to $215.3 million for the half year to 31 December 2025, while net profit after tax from continuing operations swung to a $15.4 million profit from a $29.6 million loss a y...
UniSuper exits substantial shareholder position in PEXA Group
Feb 26, 2026
UniSuper Limited, acting as trustee for UniSuper and through UniSuper Management Pty Limited, has notified PEXA Group that it has ceased to be a substantial shareholder as of 23 February 2026. The change follows an extended period of active tradin...
PEXA issues 19,872 unquoted performance rights under employee incentive plan
Feb 10, 2026
PEXA Group Limited has notified the market of the issue of 19,872 unquoted performance rights under its employee incentive scheme, effective 12 January 2026. The securities, which will not be quoted on the ASX, reflect the company’s continue...
State Street Group Ceases to Be Substantial Holder in PEXA Group
Feb 6, 2026
State Street Corporation, through a group of its asset management and custody subsidiaries including SSGA Funds Management, Inc. and State Street Global Advisors entities in the US, Europe and Australia, has lodged a notice that it has ceased to b...
PEXA Notes Revised Timetable for IPART Review of ELNO Service Fees
Jan 30, 2026
PEXA Group Limited has acknowledged the Independent Pricing and Regulatory Tribunal’s revised timetable for its review of Electronic Lodgement Network Operator service fees, signalling that the regulatory process governing pricing for key di...
PEXA sets date for 1H26 results and investor briefing
Jan 26, 2026
PEXA Group Limited will release its half-year financial results for the period ended 31 December 2025 on 27 February 2026 and will host a briefing session for investors and analysts at 10:30am AEDT the same day, accessible via conference call or w...
PEXA Responds to Release of Submission in NSW Review of ELNO Service Fees
Jan 22, 2026
PEXA Group Limited has acknowledged the release by the New South Wales Independent Pricing and Regulatory Tribunal of a redacted version of its submission to the ongoing review of service fees charged by Electronic Lodgement Network Operators. The...
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.