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Duxton Farms Limited (DBF) AI Stock Analysis
Duxton Farms Limited
(ASX:DBF)
Duxton Farms scores poorly, driven primarily by severely deteriorated financials: a $40.3m net loss on $18.1m of revenue, gross margin compressed to 3.1%, and free cash outflow of $36.6m. Funding that shortfall has more than doubled borrowings to $110.5m and lifted gearing to a six-year high, leaving limited headroom if another weak season follows. Technicals reinforce the caution, with the price below all major moving averages, negative MACD and a weak stochastic reading. Valuation provides no cushion given negative earnings and no dividend. The main offsets are a substantial farmland-backed asset base of $247.7m, $115.1m of equity, and a history of profitability in favourable seasons — meaning this is a cyclical, asset-backed recovery story that must first work through heavy losses, cash burn and rising interest costs.
Duxton Farms Limited (DBF) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 35.89M
- Dividend Yield
- ―
- Average Volume (3M)
- 39.04K
- Price to Earnings (P/E)
- -0.7
- Beta (1Y)
- -0.05
- Revenue Growth
- -9.65%
- EPS Growth
- -23.93%
- Country
- Australia
- Employees
- 2
- Sector
- Consumer Defensive
- Sector Strength
- 62
- Industry
- Agricultural Farm Products
Duxton Farms Limited Business Overview & Revenue Model
Company Description
Duxton Farms Limited primarily focuses on cultivating and harvesting both dryland and irrigated crops throughout Australia. The firm also dedicates resources to infrastructure maintenance and upgrades, partakes in the breeding and commercial exchange...
Duxton Farms Limited Financial Statement Overview
Summary
Financials are very weak across all three statements. Revenue fell to $18.1m from $20.0m (and $24.1m in FY2024) while gross margin collapsed to just 3.1%, leaving EBIT at -$22.7m and a net loss of $40.3m — larger than total revenue. Cash generation is the weakest element, with operating cash flow of -$30.8m and free cash flow of -$36.6m, extending a run of negative free cash flow in every year shown. The balance sheet is the relative bright spot: a farmland-backed asset base of $247.7m and $115.1m of equity provide collateral support, but funding the cash burn pushed borrowings to $110.5m from $42.5m and debt-to-equity to a six-year high of 0.96, with return on equity at -35%. Profitability in FY2024 and FY2021 shows earnings power is cyclical rather than permanently absent, but near-term risk is elevated.
Income Statement
12Very NegativeBalance Sheet
34NegativeCash Flow
8Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.11M | 18.11M | 20.05M | 24.08M | 7.30M | 16.64M |
| Gross Profit | 554.00K | 554.00K | 2.33M | 10.98M | -5.86M | 4.08M |
| EBITDA | -15.41M | -15.41M | 674.00K | 500.00K | -12.47M | -2.30M |
| Net Income | -37.36M | -40.32M | -12.51M | 5.19M | -10.09M | -3.17M |
Balance Sheet | ||||||
| Total Assets | 247.71M | 247.71M | 169.37M | 189.01M | 183.58M | 160.44M |
| Cash, Cash Equivalents and Short-Term Investments | 1.22M | 1.22M | 23.28M | 28.62M | 13.00K | 12.00K |
| Total Debt | 110.52M | 110.52M | 42.48M | 43.15M | 58.17M | 34.89M |
| Total Liabilities | 132.63M | 132.63M | 70.99M | 69.15M | 75.27M | 52.85M |
| Stockholders Equity | 115.08M | 115.08M | 98.38M | 119.86M | 108.31M | 107.59M |
Cash Flow | ||||||
| Free Cash Flow | -36.61M | -36.61M | -25.04M | -23.27M | -19.18M | -8.79M |
| Operating Cash Flow | -30.76M | -30.76M | -6.60M | -5.26M | -12.45M | -6.40M |
| Investing Cash Flow | -7.49M | -7.49M | 11.67M | 49.22M | -7.96M | -3.99M |
| Financing Cash Flow | 3.03M | 3.03M | -11.73M | -3.87M | 14.24M | 1.49M |
Duxton Farms Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DBF, the sentiment is Negative. The current price of 0.34 is below the 20-day moving average (MA) of 0.34, below the 50-day MA of 0.36, and below the 200-day MA of 0.54, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 44.82 is Neutral, neither overbought nor oversold. The STOCH value of 93.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DBF.
Duxton Farms Limited Peers Comparison
Overall Rating
AU:SGLLV71Outperform
AU:ELD56Neutral
AU:GNC56Neutral
AU:AAC55Neutral
AU:WOA44Neutral- AU:DBF26Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| AU:SGLLV | 71Outperform | AUD 997.47M | 13.85 | 11.22% | 4.86% | -2.43% | -0.05% |
| Sector * | 62Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% |
| AU:ELD | 56Neutral | AUD 1.35B | 22.58 | 4.83% | 5.75% | 11.05% | -30.84% |
| AU:GNC | 56Neutral | AUD 1.45B | -106.35 | -0.99% | 5.67% | -1.68% | -119.86% |
| AU:AAC | 55Neutral | AUD 801.34M | 7.33 | 6.29% | ― | 8.81% | ― |
| AU:WOA | 44Neutral | AUD 7.20M | -1.32 | -128.91% | ― | -83.83% | 84.80% |
| AU:DBF | 26Underperform | AUD 35.89M | -0.71 | -28.98% | ― | -9.65% | -23.93% |
* Consumer Defensive Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:DBF | Duxton Farms Limited | 0.34 | -0.52 | -60.82% | |
| AU:AAC | Australian Agricultural Company Limited | 1.33 | -0.09 | -6.34% | |
| AU:ELD | Elders Limited | 6.26 | -0.32 | -4.92% | |
| AU:GNC | Graincorp Limited Class A | 6.70 | -1.63 | -19.53% | |
| AU:WOA | Wide Open Agriculture Ltd. | 0.01 | -0.01 | -47.62% | |
| AU:SGLLV | Ricegrowers Ltd. Class B | 14.40 | -1.32 | -8.41% |
Duxton Farms Limited Corporate Events
Duxton Farms Nears Closing of $9.7m Convertible Note Entitlement Offer
Duxton Farms has launched a pro-rata non-renounceable entitlement offer of convertible notes at $1.00 per note, giving eligible shareholders one note for every 11 shares held, with the offer scheduled to close at 5:00pm Sydney time on 24 September 20...
Duxton Farms Updates Note Terms and Security Arrangements in Supplementary Prospectus
Duxton Farms Ltd has issued a supplementary prospectus to update the terms of its existing prospectus for noteholders, clarifying the role of the trustee under the Intercreditor Deed. The company states that these changes are not materially adverse t...
Duxton Farms Updates Securities Trading Policy to Strengthen Governance
Duxton Farms Limited has adopted a formal securities trading policy that governs how directors, key management personnel, and contractors may trade in the company’s securities. The framework is designed to regulate trading conduct around the co...
Duxton Farms Plans Non-Renounceable Convertible Note Issue
Duxton Farms Ltd has announced a proposed non-renounceable pro rata issue of convertible notes to existing shareholders. The offer, detailed in an Appendix 3B filing, aims to issue up to 9,739,054 convertible notes, with key dates including an ex dat...
Duxton Farms to Raise Up to $9.7m via Convertible Note Entitlement Offer
Duxton Farms Limited has launched a pro-rata non-renounceable entitlement offer of convertible notes to raise up to about $9.7 million before costs, with eligible shareholders able to subscribe for one note at $1.00 for every eleven shares held. The...
Duxton Farms Seeks Trading Halt Ahead of Material Capital Raising
Duxton Farms has requested a trading halt on its ordinary shares on the ASX, with trading suspended from 28 August 2026 until either the release of a pending announcement or the start of normal trading on 1 September 2026. The halt is to facilitate a...
Duxton Farms Director Restructures Shareholdings Across Investment Entities
Duxton Farms Limited has disclosed a change in the interests of director Stephen Duerden, reflecting a reallocation of his holdings in fully paid ordinary shares across direct and indirect structures. The adjustment involves transfers between entitie...
Duxton Farms to Release 17.3 Million Shares From Voluntary Escrow
Duxton Farms Limited has announced that 17,330,996 ordinary fully paid shares will be released from voluntary escrow on 28 August 2026. These shares were originally issued as part of a strategic merger completed in 2025, and their release will increa...
Duxton Farms Discloses Final Director Interest as Wade Dabinett Departs Board
Duxton Farms Limited has announced that director Wade Dabinett ceased to be a director of the company on 14 August 2026, with his final director’s interest notice lodged with the ASX. The filing shows Dabinett holds no Duxton Farms shares direc...
Duxton Farms Director Wade Dabinett Retires, Board Plans New Appointment
Duxton Farms has announced that Non-Executive Director Wade Dabinett will retire from its board on 14 August to concentrate on his own agricultural enterprise in the Mallee region. Dabinett, who joined the board in 2017 and chaired the Audit and Risk...
Duxton Farms Highlights Scale and Diversity of Australian Agricultural Portfolio
Duxton Farms Limited has outlined its extensive agricultural footprint in Australia, with about 183,000 hectares under management across six States and Territories. The portfolio spans cropping and livestock, horticulture, viticulture and apiculture,...
Duxton Farms Sells South Australian Apples Business to Refocus on Core Projects
Duxton Farms has agreed to sell its apples business, including freehold and leasehold orchards and associated plant and equipment in South Australia, to New Zealand-based DAA Holdco Limited for about $9.2 million. The sale, which follows the acquisit...
Duxton Farms director Edouard Peter lifts indirect shareholding via family trust
Duxton Farms has reported a change in the relevant interests of director Edouard Peter following an on-market purchase of additional shares. Through The Peter Family Trust, where he is both trustee and beneficiary, Peter acquired 100,000 fully paid o...
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.
Date of analysis: Sep 09, 2026