Want to see AU:PXA full AI Analyst Report?
Top Page
PEXA Group Limited
(Sydney:PXA)
Select Model
Select Model
Rating:47Neutral
Price Target:
AU$7.50
▼(-40.52% Downside)
Action:Reiterated
Date:07/04/26
The score is primarily constrained by weak financial performance (declining revenue growth, negative margins/ROE, and sharply lower free cash flow growth) and a clearly bearish technical trend (price below all key moving averages with negative MACD). Moderate balance-sheet leverage and strong gross margin provide partial support, but the negative P/E and lack of dividend yield data limit valuation confidence.
Positive Factors
High gross margin
An 82% gross margin reflects a highly scalable, low-variable-cost platform business. That margin provides durable operating leverage as transaction volumes normalize or grow, funding product development and customer onboarding while cushioning against volume-driven revenue swings.
Negative Factors
Weak profitability
Sustained negative net margins and negative EBIT indicate core profitability issues beyond temporary costs. If persistent, these losses constrain reinvestment, limit free cash flow conversion, and risk diluting the long-term economic return on a platform that otherwise has high gross margins.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
An 82% gross margin reflects a highly scalable, low-variable-cost platform business. That margin provides durable operating leverage as transaction volumes normalize or grow, funding product development and customer onboarding while cushioning against volume-driven revenue swings.
Read all positive factors
PEXA Group Limited (PXA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.38B
Dividend YieldN/A
Average Volume (3M)369.60K
Price to Earnings (P/E)―
Beta (1Y)0.15
Revenue Growth6.77%
EPS Growth-25.64%
CountryAU
Employees839
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.33
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$10.69Price Target Upside-15.20% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)0.29
Revenue Forecast (FY)AU$419.88M
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: Exchange, International, and Digital Solutions. It operates electronic lodgement network, a cloud-based platform that enables the...
How the Company Makes Money
PEXA primarily makes money by charging transaction-based fees for the use of its electronic lodgement and settlement platform when customers complete property-related transactions through PEXA Exchange. The main revenue driver is volumes of lodgem...
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
12.61
Price Trends
10.69
Negative
12.28
Negative
13.36
Negative
Market Momentum
-0.88
Positive
22.17
Positive
0.37
Positive
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 12.61 is above the 20-day moving average (MA) of 9.60, above the 50-day MA of 10.69, and below the 200-day MA of 13.36, indicating a bearish trend. The MACD of -0.88 indicates Positive momentum. The RSI at 22.17 is Positive, neither overbought nor oversold. The STOCH value of 0.37 is Positive, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$12.08B | 78.25 | 3.68% | ― | 27.32% | -30.84% | |
68 Neutral | AU$9.85B | 67.84 | 32.19% | 0.83% | 14.48% | 6.31% | |
65 Neutral | AU$652.08M | 22.88 | 25.65% | 1.27% | 6.51% | 15.45% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | AU$1.17B | 15.23 | 19.57% | 2.47% | -7.41% | -11.47% | |
47 Neutral | AU$1.38B | -23.07 | -5.08% | ― | 6.77% | -25.64% | |
43 Neutral | AU$3.70M | -0.77 | -525.49% | ― | 10.78% | 41.56% |
* Technology Sector Average
AU:PXA
PEXA Group Limited
7.61
-4.99
-39.60%
AU:TNE
Technology One Limited
29.45
-10.42
-26.13%
AU:XRO
Xero Limited
68.27
-107.84
-61.23%
AU:IRE
IRESS Limited
6.36
-1.10
-14.79%
AU:OCL
Objective Corporation Limited
6.69
-11.21
-62.63%
AU:ID8
Identitii Ltd.
0.01
0.00
0.00%
PEXA Group Limited Corporate Events
PEXA trims potential equity dilution as performance rights lapse
Jul 15, 2026
PEXA Group Limited has reported the cessation of a total of 17,172 performance rights on its ASX-listed capital structure, following the lapse of conditional rights that could not be satisfied or had become incapable of being met. The lapses, occu...
PEXA Issues New Performance Rights Under Employee Incentive Scheme
Jul 10, 2026
PEXA Group Limited has notified the market of the issuance of 922 unquoted performance rights under its employee incentive scheme. The rights, dated May 25, 2026, are not intended to be quoted on the ASX, reflecting the company’s ongoing use...
PEXA to Brief Investors Following IPART Draft ELNO Fee Report
Jul 1, 2026
PEXA Group Limited will hold an investor briefing on 3 July 2026 at 9:30am AEST, following the expected release of the draft report from the Independent Pricing and Regulatory Tribunal on electronic lodgement network operator service fees. The bri...
PEXA appoints John Hooper to board with no initial shareholding
Jun 30, 2026
PEXA Group Limited has appointed John Hooper as a director effective 25 June 2026, with the company lodging the required initial director’s interest notice with the ASX. The filing confirms that Hooper currently holds no relevant interests i...
PEXA installs dual leadership team to drive UK growth
Jun 30, 2026
PEXA Group has announced that PEXA UK CEO Joe Pepper will leave the business on 30 June 2026, with senior executives Krystle Kocik and Simon Wright appointed as Co-Chief Executive Officers from 1 July 2026. The dual leadership model is intended to...
PEXA bolsters board with appointments of Hopkins and Hooper
Jun 24, 2026
PEXA Group Limited has strengthened its board with the appointment of two new independent non-executive directors, former REA Group and Australia Post CFO Janelle Hopkins and veteran international banker John Hooper. Hopkins brings deep experience...
Aware Super exits substantial shareholder position in PEXA Group
Jun 24, 2026
Aware Super Pty Ltd, as trustee of Aware Super, has ceased to be a substantial shareholder in PEXA Group Limited, according to a notice filed under section 671B of the Corporations Act. The change in relevant interest, effective 19 June 2026, indi...
PEXA performance rights lapse after conditions go unmet
Jun 5, 2026
PEXA Group Limited has announced the lapse of a total of 44,428 performance rights, which ceased due to conditions attached to those rights not being satisfied or becoming incapable of being met. The cessations, recorded on various dates in April ...
PEXA issues new unquoted performance rights under employee incentive plan
Jun 3, 2026
PEXA Group Limited has notified the market of the issue of 4,383 unquoted performance rights under its employee incentive scheme, with an issue date of 7 May 2026. The new rights, which will not be quoted on the ASX, form part of the company’...
PEXA notes revised regulatory timeline for ELNO fee review
Jun 2, 2026
PEXA Group Limited, the Australian-listed digital property exchange that handles the vast majority of electronic property settlements in Australia and is expanding into the UK market, has highlighted its central role in modernising property transa...
PEXA names Graham Curtin as new Group CFO to steer next growth phase
May 28, 2026
PEXA Group Limited has appointed Graham Curtin as Group Chief Financial Officer, effective 1 September 2026, bringing more than 20 years of international finance leadership experience, including senior roles at ASX-listed REA Group and major accou...
PEXA posts strong 3Q26 results and stays on track for top-end FY26 profit guidance
May 4, 2026
PEXA reported a strong third-quarter performance for FY26, with Australian property transaction volumes rising 7.3% year on year and national market penetration holding at 90%. The group highlighted disciplined cost management, higher customer sat...
PEXA director Helen Silver steps down and discloses final equity interests
May 4, 2026
PEXA Group Limited has announced that director Helen Elizabeth Silver has ceased to be a director of the company effective 1 May 2026, as disclosed in a final director’s interest notice lodged with the ASX. The notice records that upon her c...
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.