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DXN Ltd.
(Sydney:DXN)
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Rating:52Neutral
Price Target:
AU$0.42
ā²(2020.00% Upside)
Action:Reiterated
Date:09/06/26
The score is held back primarily by weak financial performance (ongoing losses with worsening TTM margins and elevated leverage), with only partial support from improved operating cash flow. Technicals are a meaningful positive due to a strong uptrend versus all major moving averages and a positive MACD, but overbought RSI/Stoch readings add pullback risk. Valuation is also a headwind given the negative P/E and lack of dividend yield data.
Positive Factors
Revenue Growth
Sustained revenue growth of 8.67% indicates expanding customer traction and market demand for DXN's services. Over a 2-6 month horizon this supports scale economics, reduces execution risk, and provides a foundation to leverage fixed costs toward eventual profitability if operating discipline continues.
Negative Factors
Persistent Losses
Ongoing negative EBIT and net margins with a negative return on equity signal structural profitability issues. If losses persist, they limit internal reinvestment, pressure working capital, and require continual external funding, making sustainable shareholder returns and growth investments harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue growth of 8.67% indicates expanding customer traction and market demand for DXN's services. Over a 2-6 month horizon this supports scale economics, reduces execution risk, and provides a foundation to leverage fixed costs toward eventual profitability if operating discipline continues.
Read all positive factors
DXN Ltd. (DXN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$157.49M
Dividend YieldN/A
Average Volume (3M)6.15M
Price to Earnings (P/E)ā
Beta (1Y)-3.87
Revenue Growth-36.84%
EPS Growth-100.00%
CountryAU
Employees29
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding374,984,200
10 Day Avg. Volume8,294,945
30 Day Avg. Volume6,145,806
Financial Highlights & Ratios
PEG Ratio-0.11
Price to Book (P/B)13.57
Price to Sales (P/S)7.24
P/FCF Ratio-313.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)AU$39.90M
DXN Ltd. Business Overview & Revenue Model
Company Description
DXN Limited (ASX: DXN) is an Australian enterprise specializing in the comprehensive lifecycle of data center infrastructure, encompassing design, manufacturing, ownership, and operation. The company's data centers furnish secure environments, pro...
How the Company Makes Money
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DXN Ltd. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
34
Negative
Cash Flow
41
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.12M | 16.03M | 10.76M | 6.58M | 14.26M |
| Gross Profit | -3.74M | 5.39M | 1.68M | -3.33M | -4.08M |
| EBITDA | -4.57M | -218.08K | 175.90K | -5.99M | -3.28M |
| Net Income | -6.02M | -2.31M | -2.30M | -9.61M | -6.90M |
Balance Sheet | |||||
| Total Assets | 22.18M | 16.15M | 14.16M | 18.48M | 27.27M |
| Cash, Cash Equivalents and Short-Term Investments | 10.99M | 3.12M | 2.98M | 710.21K | 1.92M |
| Total Debt | 7.92M | 6.45M | 8.32M | 13.16M | 15.56M |
| Total Liabilities | 16.79M | 11.23M | 14.57M | 18.66M | 19.82M |
| Stockholders Equity | 5.40M | 4.92M | -412.27K | -175.14K | 7.45M |
Cash Flow | |||||
| Free Cash Flow | -233.70K | -6.27M | 1.13M | -1.86M | -428.58K |
| Operating Cash Flow | 978.41K | -3.89M | 1.17M | -1.53M | -378.98K |
| Investing Cash Flow | -1.39M | -3.25M | -183.37K | -334.06K | -3.87M |
| Financing Cash Flow | 8.26M | 7.27M | 770.39K | 1.22M | 4.51M |
DXN Ltd. Technical Analysis
Positive
0.02
Price Trends
0.23
Positive
0.15
Positive
0.09
Positive
Market Momentum
0.06
Negative
76.64
Negative
75.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DXN, the sentiment is Positive. The current price of 0.02 is below the 20-day moving average (MA) of 0.30, below the 50-day MA of 0.23, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 76.64 is Negative, neither overbought nor oversold. The STOCH value of 75.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DXN.
DXN Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | AU$54.58M | 25.51 | 6.93% | ā | 9.44% | 77.78% | |
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% | |
52 Neutral | AU$157.49M | -21.65 | -161.71% | ā | -36.84% | -100.00% | |
46 Neutral | AU$139.18M | -6.46 | -10.46% | ā | 17.03% | -326.15% | |
46 Neutral | AU$52.23M | -2.23 | -28.68% | ā | -37.44% | -1340.48% | |
43 Neutral | AU$21.29M | -1.21 | -80.59% | ā | 119.88% | -130.38% |
* Technology Sector Average
AU:DXN
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DXN Ltd. Corporate Events
DXN Limited Files Updated Corporate Governance Statement with ASX
Aug 31, 2026
DXN Limited has reaffirmed its adherence to ASX Corporate Governance Council principles, maintaining a publicly available governance framework that defines the roles of its board, management, and company secretary. The company’s governance p...
DXN Highlights FY26 Revenue Mix as Modular Data Centre Projects Dominate
Aug 31, 2026
DXN has outlined its FY26 business mix across three core operating divisions, underscoring the dominance of its projects-based Modular Division, which contributed about 73% of revenue through global design, engineering, manufacturing and deploymen...
DXN banks record AIādriven backlog as modular data centre strategy scales up
Aug 30, 2026
DXN reported FY26 revenue of $10.1 million, down 33% amid customer project deferrals, but ended the year with a record backlog of $23.5 million, rising to $40.9 million by late August as AI infrastructure and transport sector orders accelerated. D...
Regal Partners Adjusts DXN Stake as New Share Issue Dilutes Holding
Aug 28, 2026
Regal Partners Funds Management Pty Limited and its associated entities have filed a notice outlining recent changes to their relevant interest in DXN Ltd., detailing both purchases and sales of ordinary shares over several days in August 2026. Th...
DXN issues new shares and sets timetable for full-year results
Aug 26, 2026
DXN Limited has issued 4,900,000 fully paid ordinary shares on 25 August 2026, using provisions that allow the placement without a formal prospectus, and has confirmed compliance with key reporting and continuous disclosure obligations under the C...
DXN Limited Seeks ASX Quotation for 4.9 Million New Shares
Aug 26, 2026
DXN Limited has applied to the Australian Securities Exchange for quotation of 4,900,000 new ordinary fully paid shares. The shares, issued on 25 August 2026, will increase the company’s quoted capital base and potentially enhance liquidity ...
DXN Issues New Shares and Flags Imminent Full-Year Results
Aug 24, 2026
DXN Limited has issued 1,333,333 fully paid ordinary shares on 24 August 2026 under provisions of the Corporations Act that allow issuance without a formal investor disclosure document. The company reports ongoing compliance with key financial rep...
DXN Limited Seeks ASX Quotation for Additional Ordinary Shares
Aug 24, 2026
DXN Limited has applied for quotation on the ASX of 1,333,333 new ordinary fully paid shares, dated 24 August 2026. The move modestly expands the company’s issued capital base, indicating ongoing access to equity funding and aligning its sec...
DXN Secures A$12.2m AI HPC Contract, Expands Order Book and Capacity
Aug 23, 2026
DXN Ltd., a prefabricated modular data centre specialist, focuses on delivering turnkey, high-density AI High-Performance Computing facilities that integrate key infrastructure systems. Its factory-built AI modules target the accelerating global d...
DXN Wins $4.1m Edge Data Centre Deal at Melbourne Airport, Extends Globalstar Contract
Aug 18, 2026
DXN Limited has secured an approximately $4.1 million contract from Australia Pacific Airports (Melbourne), the operator of Melbourne Airport, to design, manufacture, deliver, install and commission a prefabricated edge data centre facility. The p...
DXN Corrects AI Module Timeline Description Without Changing Project Schedule
Jul 29, 2026
DXN Limited has issued a correction to its Q4 FY26 investor presentation, clarifying that its expectation is to move into full production of proof-of-concept AI modules in early Q1 FY27, rather than Phase 1 AI modules as originally stated. The com...
DXN Leans on Modular Data Centres as Core FY26 Revenue Driver
Jul 28, 2026
DXN Ltd., an ASX-listed provider of prefabricated modular data centre solutions, operates a vertically integrated model that spans design through ongoing maintenance. Its offerings cover global modular data centre projects, an owned facility in Da...
DXN Wins A$1.2m Pacific Cable Landing Station Contract
Jul 28, 2026
DXN Limited has secured an approximately A$1.2 million contract from Solomon Islands Submarine Cable Company to design, manufacture, deliver, install and commission a modular cable landing station for the Adamasia Cable System‑1 submarine ca...
DXN Sells Tasmanian Data Centre to Refocus on Modular Growth
Jul 1, 2026
DXN Limited has completed the sale of its wholly owned Tasmanian colocation subsidiary TAS01 Pty Ltd, which operates a Hobart data centre, for consideration of up to A$520,000 to DADT Pty Ltd. The transaction, effective 30 June 2026, includes an u...
DXN Wins A$1m Pacific Cable Landing Station Deal, Expands Role in Telecoms Infrastructure
Jul 1, 2026
DXN Limited, a specialist in prefabricated modular data centres and critical infrastructure, serves a broad customer base across telecoms, defence, mining and subsea cable sectors in the Asia-Pacific region. Its business spans modular data centre ...
DXN Issues 700,000 New Shares While Confirming Regulatory Compliance
Jun 25, 2026
DXN Limited has issued 700,000 fully paid ordinary shares, confirming the shares were released without a separate disclosure document under the Corporations Act and that it remains compliant with its financial reporting and continuous disclosure o...
DXN Ltd. Seeks ASX Quotation for 700,000 New Ordinary Shares
Jun 25, 2026
DXN Ltd. has applied for the quotation of 700,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 25 June 2026. The additional securities, arising from the exercise or conversion of existing instruments,...
DXN Plans Major Share Placement to Raise New Capital
Jun 9, 2026
DXN Ltd. has notified the ASX of a proposed issue of up to 53,846,154 ordinary fully paid shares. The company plans to complete the placement on 12 June 2026, subject to ASX processes for quotation of the new securities.The proposed equity issuanc...
DXN raises A$7m to scale AI-ready modular data centre business
Jun 9, 2026
DXN Limited has secured binding commitments from sophisticated institutional investors for a A$7.0 million equity placement at A$0.13 per share, issuing 53.8 million new shares under its existing placement capacity. The raise, which leaves DXN in ...
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.