Trajan Group Holdings Ltd (AU:TRJ)
ASX:TRJ
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Trajan Group Holdings Ltd
(Sydney:TRJ)
Select Model
Select Model
Rating:47Neutral
Price Target:
AU$0.29
▼(-26.67% Downside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by ongoing losses and weakening free cash flow, alongside a clear technical downtrend with the price below key moving averages. Modest revenue growth and a relatively stable balance sheet provide some support, but valuation remains unattractive given the lack of profitability and no dividend data.
Positive Factors
Recurring consumables business model
Trajan's core revenue derives from consumables and repeat-replacement components used in routine lab workflows. This creates durable, recurring demand across life sciences, environmental, food and industrial labs, supporting predictable revenue streams and customer stickiness over months to years.
Negative Factors
Negative net income and ROE
Persistent losses and a negative ROE indicate the business is not currently generating shareholder returns from operating results. Over the medium term this erodes equity, constrains reinvestment, and increases reliance on external financing unless profitability is restored through revenue scale or cost reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables business model
Trajan's core revenue derives from consumables and repeat-replacement components used in routine lab workflows. This creates durable, recurring demand across life sciences, environmental, food and industrial labs, supporting predictable revenue streams and customer stickiness over months to years.
Read all positive factors
Trajan Group Holdings Ltd (TRJ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$41.27M
Dividend YieldN/A
Average Volume (3M)21.61K
Price to Earnings (P/E)―
Beta (1Y)0.49
Revenue Growth6.20%
EPS Growth95.19%
CountryAU
Employees600
SectorHealthcare
Sector Strength45
IndustryMedical - Instruments & Supplies
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding152,863,630
10 Day Avg. Volume15,523
30 Day Avg. Volume21,606
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.03
Price to Sales (P/S)0.65
P/FCF Ratio16.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.83Price Target Upside111.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.02
Revenue Forecast (FY)AU$169.93M
Trajan Group Holdings Ltd Business Overview & Revenue Model
Company Description
Headquartered in Ringwood, Australia, and established in 2011, Trajan Group Holdings Limited is a global enterprise focused on designing, manufacturing, marketing, and distributing a diverse range of analytical and life science instruments and ass...
How the Company Makes Money
TRJ makes money primarily by selling analytical consumables, components, and related laboratory products used in routine and repeat testing workflows, where customers repurchase items as they are consumed or replaced. Additional revenue is generat...
Trajan Group Holdings Ltd Financial Statement Overview
Summary
Income Statement
55
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 | 169.52M | 166.46M | 155.02M | 162.15M | 107.57M | 76.57M |
| Gross Profit | 42.31M | 63.47M | 59.75M | 22.93M | 42.63M | 28.48M |
| EBITDA | 6.69M | 8.14M | -20.36M | 14.16M | 5.14M | 3.46M |
| Net Income | -1.38M | -4.46M | -25.33M | 1.89M | 1.70M | 1.88M |
Balance Sheet | ||||||
| Total Assets | 192.32M | 195.63M | 188.00M | 229.04M | 206.78M | 99.38M |
| Cash, Cash Equivalents and Short-Term Investments | 12.78M | 11.85M | 11.24M | 11.04M | 13.16M | 51.72M |
| Total Debt | 69.37M | 55.49M | 56.16M | 61.30M | 66.18M | 17.02M |
| Total Liabilities | 89.27M | 90.01M | 85.15M | 99.51M | 90.27M | 33.30M |
| Stockholders Equity | 103.05M | 105.62M | 102.85M | 129.53M | 116.51M | 66.08M |
Cash Flow | ||||||
| Free Cash Flow | 1.46M | 6.74M | 6.43M | 998.00K | -1.28M | 8.34M |
| Operating Cash Flow | 4.47M | 10.83M | 9.47M | 9.55M | 2.13M | 9.45M |
| Investing Cash Flow | -3.02M | -4.09M | -3.04M | -8.55M | -116.38M | 402.00K |
| Financing Cash Flow | 1.57M | -5.64M | -6.40M | -3.36M | 74.69M | 36.81M |
Trajan Group Holdings Ltd Technical Analysis
Negative
0.39
Price Trends
0.35
Negative
0.45
Negative
0.59
Negative
Market Momentum
-0.02
Positive
35.36
Neutral
7.95
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TRJ, the sentiment is Negative. The current price of 0.39 is above the 20-day moving average (MA) of 0.31, above the 50-day MA of 0.35, and below the 200-day MA of 0.59, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 35.36 is Neutral, neither overbought nor oversold. The STOCH value of 7.95 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TRJ.
Trajan Group Holdings Ltd Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | AU$74.95M | 9.79 | 14.03% | ― | 28.40% | -22.71% | |
61 Neutral | AU$25.17M | 8.46 | 10.35% | 2.81% | -18.17% | -70.18% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
47 Neutral | AU$41.27M | -27.64 | -1.32% | ― | 6.20% | 95.19% | |
44 Neutral | AU$82.20M | -10.71 | -40.65% | ― | -100.00% | -11.11% | |
43 Neutral | AU$63.35M | -8.33 | -59.96% | ― | ― | ― | |
42 Neutral | AU$69.34M | -3.42 | -54.48% | ― | 17.24% | -20.00% |
* Healthcare Sector Average
AU:TRJ
Trajan Group Holdings Ltd
0.25
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-65.75%
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Trajan Group Holdings Ltd Corporate Events
Trajan director Robert Lyon restructures equity holdings
Jun 2, 2026
Trajan Group Holdings has disclosed a change in the securities held by director Robert Lyon, detailing a rebalancing between his ordinary shareholding and unlisted options. The notice shows that Lyon’s direct ordinary shareholding increased ...
Trajan Group Seeks ASX Quotation for Additional 270,589 Shares
Jun 2, 2026
Trajan Group Holdings has applied for quotation on the ASX of 270,589 ordinary fully paid shares, effective 1 June 2026. The additional securities, arising from exercised options or converted instruments, modestly expand the company’s listed...
Trajan flags FX hit to FY26 results as cost initiatives boost margins
May 26, 2026
Trajan Group Holdings reports that market demand in the second half of FY26 is broadly in line with expectations, with continued growth on a fixed forex basis across components and consumables, capital equipment, and an accelerating disruptive tec...
Trajan Names Insider Simon Billingham Interim CFO to Support Leadership Transition
Apr 21, 2026
Trajan Group Holdings Limited, a global analytical science and device company specialising in life science tools for biological, food and environmental analysis, operates more than seven manufacturing sites across the U.S., Australia, Europe and M...
Trajan Director Tiffiny Lewin Increases Equity Stake via Option Exercise and Share Purchase
Apr 2, 2026
Trajan Group Holdings has disclosed changes in the holdings of director Tiffiny Lewin, who increased her direct stake in the company through both the exercise of unlisted options and on-market share purchases. Following these transactions, which i...
Trajan issues 53,022 new shares in routine capital management move
Mar 31, 2026
Trajan Group Holdings has issued 53,022 ordinary fully paid shares on 27 March 2026 and notified the market that this capital issuance was conducted without a prospectus under the disclosure exemptions in the Corporations Act. The company confirme...
Trajan Seeks ASX Quotation for Additional Ordinary Shares
Mar 31, 2026
Trajan Group Holdings has applied for quotation on the ASX of 53,022 new ordinary fully paid shares under its ticker TRJ, with an issue date of 27 March 2026. The additional stock arises from the conversion or exercise of existing options or other...
Trajan Defends Fundamentals and Reaffirms Outlook Amid Share Price Slide
Mar 27, 2026
Global analytical science and device company Trajan Group Holdings has moved to reassure shareholders following a recent decline in its share price, stating there is no known fundamental business issue behind the drop and that it remains on track ...
Trajan CFO Alister Hodges to Step Down After 15 Years of Service
Mar 24, 2026
Trajan Group Holdings has announced the resignation of Chief Financial Officer and Joint Company Secretary Alister Hodges, who will leave the company on 11 November 2026 after more than 15 years of service. The board has launched a formal executiv...
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.