Want to see AU:DUG full AI Analyst Report?
Top Page
DUG Technology Ltd
(Sydney:DUG)
Select Model
Select Model
Rating:51Neutral
Price Target:
AU$2.00
â–²(3.09% Upside)
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
The 2026 revenue rebound indicates renewed demand for DUG’s high-performance computing, cloud, software, and processing services. If sustained, stronger sales can improve operating leverage, support continued investment in infrastructure and products, and reinforce its position in data-intensive workflows.
Negative Factors
Thin Net Profitability
A thin net margin leaves limited room for cost increases, weaker project economics, or execution setbacks to reduce bottom-line earnings. The swing between profit and loss across recent years also indicates that the improving operating result has not yet translated into consistently durable shareholder profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
The 2026 revenue rebound indicates renewed demand for DUG’s high-performance computing, cloud, software, and processing services. If sustained, stronger sales can improve operating leverage, support continued investment in infrastructure and products, and reinforce its position in data-intensive workflows.
Read all positive factors
DUG Technology Ltd (DUG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$239.26M
Dividend YieldN/A
Average Volume (3M)465.11K
Price to Earnings (P/E)92.2
Beta (1Y)1.23
Revenue Growth31.29%
EPS GrowthN/A
CountryAU
Employees237
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)0.01
Shares Outstanding135,558,910
10 Day Avg. Volume688,852
30 Day Avg. Volume465,107
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,...
How the Company Makes Money
DUG makes money by selling access to its computing capabilities, software, and associated services used to process large technical datasets (especially seismic data). Key revenue streams typically include: (1) HPC and cloud compute services: charg...
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 | 11.52M | 15.55M | 14.23M | 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
2.00
Negative
2.12
Negative
2.07
Negative
Market Momentum
-0.09
Positive
41.58
Neutral
35.69
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 1.82, below the 50-day MA of 2.00, and below the 200-day MA of 2.07, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 41.58 is Neutral, neither overbought nor oversold. The STOCH value of 35.69 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | AU$1.71B | 31.51 | 60.74% | 2.59% | 6.37% | 13.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | AU$290.01M | -29.70 | -7.45% | 1.23% | 6.80% | 70.09% | |
52 Neutral | AU$157.49M | -21.65 | -161.71% | ― | -36.84% | -100.00% | |
51 Neutral | AU$239.26M | 92.15 | 3.71% | ― | 31.29% | ― | |
46 Neutral | AU$139.18M | -6.46 | -10.46% | ― | 17.03% | -326.15% | |
46 Neutral | AU$52.23M | -2.23 | -28.68% | ― | -37.44% | -1340.48% |
* Technology Sector Average
AU:DUG
DUG Technology Ltd
1.77
-0.42
-19.04%
AU:APX
Appen
1.08
0.23
26.32%
AU:ATA
Atturra Limited
0.38
-0.41
-51.90%
AU:DTL
Data#3 Limited.
11.03
1.95
21.52%
AU:DXN
DXN Ltd.
0.42
0.38
950.00%
AU:ITS
Spirit Technology Solutions Ltd.
0.27
-0.27
-50.00%
DUG Technology Ltd Corporate Events
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...
DUG Technology Grants Long-Dated Zero-Exercise Employee Options
Jul 13, 2026
DUG Technology Ltd has issued 1,295,900 zero exercise price unlisted options, expiring on 30 November 2040, under an employee incentive scheme, with the securities not to be quoted on the ASX while subject to transfer restrictions. The long-dated,...
DUG Technology Issues New Zero-Price Options to Drive Performance and Retention
Jul 13, 2026
DUG Technology has granted 1,295,900 zero exercise price options under its Omnibus Long Term Incentive Plan, most recently endorsed by shareholders in late 2023. Of these, 441,007 options go to the senior executive team, vesting over three years t...
UBS exits as substantial shareholder in DUG Technology
Jul 10, 2026
UBS Group AG and its related bodies corporate have notified DUG Technology Ltd that they have ceased to be a substantial holder in the company as of 8 July 2026. The change reflects a reduction in UBS’s relevant interest in DUG’s votin...
UBS Group AG Ceases to Be Substantial Shareholder in DUG Technology
Jul 7, 2026
UBS Group AG and its related bodies corporate have notified DUG Technology Ltd that they have ceased to be a substantial shareholder in the company as of 3 July 2026, under the disclosure requirements of the Corporations Law. The change follows ea...
DUG Technology Seeks ASX Quotation for New Ordinary Shares
Jul 5, 2026
DUG Technology Ltd has applied for quotation on the ASX of 15,973 ordinary fully paid shares, issued on 6 July 2026. The additional securities, arising from the exercise or conversion of existing instruments, modestly expand the company’s qu...
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.