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DUG Technology Ltd
(Sydney:DUG)
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Rating:51Neutral
Price Target:
AU$1.50
â–¼(-22.68% Downside)
Action:Reiterated
Date:08/28/26
The score is primarily supported by improving financial performance (revenue rebound, stronger operating margins, and positive free cash flow), but is held back by very weak technicals (price below all key moving averages, negative MACD, very low RSI) and an expensive valuation (P/E ~94 with no dividend yield provided).
Positive Factors
Revenue Growth
Revenue rebounded 17.8% in 2026, indicating renewed demand for DUG’s HPC and data-analytics services. If maintained, this growth can improve infrastructure utilization, support operating leverage, and strengthen the company’s ability to fund specialist capabilities over the next several quarters.
Negative Factors
Thin and Volatile Earnings
Net margin remains only about 2.1%, and earnings moved from profit in 2024 to loss in 2025 and back to profit in 2026. This limited and inconsistent bottom line reduces confidence in durable earnings conversion and leaves less buffer if operating conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue rebounded 17.8% in 2026, indicating renewed demand for DUG’s HPC and data-analytics services. If maintained, this growth can improve infrastructure utilization, support operating leverage, and strengthen the company’s ability to fund specialist capabilities over the next several quarters.
Read all positive factors
DUG Technology Ltd (DUG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$195.42M
Dividend YieldN/A
Average Volume (3M)126.74K
Price to Earnings (P/E)73.8
Beta (1Y)1.29
Revenue Growth31.29%
EPS GrowthN/A
CountryAU
Employees237
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding135,706,730
10 Day Avg. Volume131,596
30 Day Avg. Volume126,740
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)4.49
Price to Sales (P/S)2.54
P/FCF Ratio23.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$2.74Price Target Upside41.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)0.08
Revenue Forecast (FY)AU$97.86M
DUG Technology Ltd Business Overview & Revenue Model
Company Description
DUG Technology Ltd, founded in 2003 and based in West Perth, Australia, is a technology firm that provides cutting-edge hardware and software solutions. The company caters to the technology and resource sectors, with operations spanning Australia,...
DUG Technology Ltd Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
56
Neutral
Cash Flow
62
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 88.28M | 62.58M | 65.50M | 50.95M | 33.66M |
| Gross Profit | 23.37M | 62.58M | 37.55M | 11.41M | -1.06M |
| EBITDA | 21.52M | 11.01M | 15.55M | 14.33M | 1.86M |
| Net Income | 1.86M | -3.89M | 2.77M | 5.00M | -9.27M |
Balance Sheet | |||||
| Total Assets | 124.14M | 91.45M | 80.09M | 47.07M | 39.07M |
| Cash, Cash Equivalents and Short-Term Investments | 10.50M | 16.41M | 9.38M | 7.99M | 2.66M |
| Total Debt | 42.68M | 33.81M | 35.05M | 15.52M | 16.87M |
| Total Liabilities | 73.04M | 44.17M | 50.07M | 26.16M | 25.18M |
| Stockholders Equity | 49.93M | 47.32M | 29.55M | 21.00M | 13.95M |
Cash Flow | |||||
| Free Cash Flow | 9.60M | -2.82M | -19.21M | 17.04M | -2.13M |
| Operating Cash Flow | 21.36M | 5.58M | 12.11M | 20.12M | -615.57K |
| Investing Cash Flow | -11.87M | -8.40M | -30.41M | -3.01M | -1.50M |
| Financing Cash Flow | -15.52M | 9.80M | 19.84M | -4.86M | -5.24M |
DUG Technology Ltd Technical Analysis
Negative
1.94
Price Trends
1.66
Negative
1.88
Negative
1.98
Negative
Market Momentum
-0.06
Positive
34.83
Neutral
28.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DUG, the sentiment is Negative. The current price of 1.94 is above the 20-day moving average (MA) of 1.54, above the 50-day MA of 1.66, and below the 200-day MA of 1.98, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 34.83 is Neutral, neither overbought nor oversold. The STOCH value of 28.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DUG.
DUG Technology Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$2.32B | 44.51 | 60.74% | 2.12% | 6.37% | 13.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | AU$343.00M | -40.09 | -7.45% | 1.23% | 6.80% | 70.09% | |
51 Neutral | AU$195.42M | 73.82 | 3.71% | ― | 31.29% | ― | |
46 Neutral | AU$122.70M | -5.95 | -10.46% | ― | 17.03% | -326.15% | |
45 Neutral | AU$107.38M | -15.08 | -161.71% | ― | -36.84% | -100.00% | |
44 Neutral | AU$41.59M | -1.78 | -28.68% | ― | -37.44% | -1340.48% |
* Technology Sector Average
AU:DUG
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DUG Technology Ltd Corporate Events
DUG Technology sets November date for 2026 AGM and updates shareholder voting process
Oct 21, 2026
DUG Technology Ltd has scheduled its 2026 Annual General Meeting for 19 November in West Perth, Western Australia, inviting shareholders to participate in key governance decisions. The company has distributed the formal notice, letter to sharehold...
DUG Technology Trims Potential Dilution as Long-Dated Options Lapse
Oct 12, 2026
DUG Technology Ltd has reported the cessation of two series of options from its issued capital, both carrying no exercise price and expiring in 2039 and 2040 respectively. The affected tranches comprise 131,818 DUGAE options and 1,265 DUGAD option...
DUG Technology Adds 13,055 New Shares to ASX Listing
Oct 5, 2026
DUG Technology Ltd has applied for the quotation of 13,055 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of October 5, 2026. The application, lodged as a new announcement under ASX Appendix 2A, indicates ...
DUG Technology Seeks ASX Quotation for Additional 50,280 Shares
Sep 20, 2026
DUG Technology Ltd has applied to the ASX for quotation of an additional 50,280 ordinary fully paid shares, with an issue date of 21 September 2026. The modest share issuance, arising from the exercise or conversion of existing securities, slightl...
DUG Technology Sets 2026 AGM Date and Director Nomination Deadline
Sep 18, 2026
DUG Technology Ltd has scheduled its 2026 Annual General Meeting for 19 November 2026 in West Perth, with the closing date for director nominations set for 30 September 2026. The company will provide further AGM details in a forthcoming notice, si...
DUG Technology Seeks ASX Quotation for Additional Ordinary Shares
Sep 14, 2026
DUG Technology Ltd has applied for quotation on the ASX of 84,479 new ordinary fully paid shares, with an issue date of 14 September 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly in...
DUG Technology Announces Vesting of Long-Term Incentive Options
Sep 9, 2026
DUG Technology has confirmed that 237,468 zero-exercise price options granted to senior executives under its Omnibus Long Term Incentive Plan in October 2023 have vested following the achievement of share price and employment-based conditions. The...
DUG Technology Clarifies Director Matthew Lamont’s Indirect Equity Interests
Sep 3, 2026
DUG Technology disclosed changes in the indirect interests of director Matthew Lamont, detailing a complex structure of shareholdings and zero-price unlisted options held through family and related entities. The update reflects the company’s...
DUG Technology Director Forfeits Incentive Shares After Performance Hurdles Missed
Sep 3, 2026
DUG Technology Ltd has reported a change in director Louise Bower’s indirect shareholding following an adjustment under the company’s long-term incentive plan. Bower’s interests are primarily held through Kaynadan Pty Ltd and a f...
DUG Technology Flags Limits of FY26 Roadshow Data
Aug 30, 2026
DUG Technology has released a FY26 results roadshow presentation dated 27 August 2026, offering a high‑level overview of its performance and operations for investors and other stakeholders. The document emphasises that figures are largely un...
DUG Technology Expands Revenue Metrics as HPC and Software Drive Growth
Aug 30, 2026
DUG Technology Ltd, a global high-performance computing and geoscience specialist headquartered in Australia, delivers proprietary software, cloud-based HPC services and energy-efficient immersion cooling solutions to clients across six continents...
DUG Director Sciarrone Increases Indirect Shareholding via On-Market Purchase
Aug 28, 2026
DUG Technology Ltd has disclosed a change in the indirect shareholding of director Francesco Sciarrone, reflecting compliance with ASX listing rule requirements on director interests. The disclosure highlights the company’s governance practi...
DUG Technology Releases FY26 Results with Cautionary Disclaimers
Aug 27, 2026
DUG Technology Ltd has released its FY26 results presentation dated 27 August 2026, outlining a summary of its financial performance in U.S. dollars and highlighting the use of unaudited and non-IFRS measures such as normalised EBITDA. The company...
DUG Technology Lodges Updated Corporate Governance Statement with ASX
Aug 27, 2026
DUG Technology Ltd has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, confirming that the document is current as of 27 August 2026 and available via its website. The filing includes a completed Appendix 4G ...
DUG Technology Delivers Record FY26 Results on Surging HPC and Services
Aug 27, 2026
DUG Technology reported a record FY26, with revenue from customers rising 38% to US$86.4 million and normalised EBITDA jumping 78% to US$27.4 million, lifting the margin to 32%. The company swung to a net profit after tax of US$2.6 million from a ...
DUG Technology Publishes Comprehensive FY26 Annual Report
Aug 27, 2026
DUG Technology Ltd has released its FY26 annual report, presenting a consolidated view of its operational and financial performance over the period. The report includes detailed financial statements, a review of business operations and risks, and ...
DUG Technology Delivers Strong FY26 Turnaround as Profit and Margins Surge
Aug 27, 2026
DUG Technology Ltd reported a strong improvement in financial performance for the year ended 30 June 2026, with revenue from ordinary activities rising 38% to US$86.4 million and total income up 38% to US$91.0 million. EBITDA jumped 68% to US$25.9...
DUG Technology Trims Future Dilution as Unvested Options Lapse
Aug 27, 2026
DUG Technology Ltd has notified the market of the cessation of several series of nil-exercise price options, following the lapse of conditional rights that could no longer be satisfied. The affected securities include multiple long-dated options e...
DUG Technology Wins US$9.3m HPC and Software Deal with National Oil Company
Aug 26, 2026
DUG Technology Ltd has secured a US$9.3 million contract to supply software and hosted high performance computing infrastructure to a National Oil Company over a two-year term starting in the first quarter of FY27. The deal gives the client access...
DUG Technology sets date for FY26 results release and investor webinar
Aug 25, 2026
DUG Technology Ltd will release its FY26 Appendix 4E and full-year financial report to the ASX on 27 August 2026, with management presenting the results via an investor webinar that morning. The Board-approved disclosure underscores the company...
DUG Technology Seeks ASX Quotation for Additional Ordinary Shares
Aug 11, 2026
DUG Technology Ltd has applied to the ASX for quotation of 37,763 new ordinary fully paid shares, with an issue date of 11 August 2026. The additional securities, arising from the exercise of options or conversion of other instruments, will modest...
DUG Technology Corrects Minor Director Shareholding Error
Aug 4, 2026
DUG Technology Ltd has issued an amended Director’s Interest Notice for Dr David Monk after identifying a 500-share discrepancy in his indirect holdings, attributed to an administrative oversight. The correction relates to a previously lodge...
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.