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DXN Ltd.
(Sydney:DXN)
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Rating:45Neutral
Price Target:
AU$0.28
ā²(1285.00% Upside)
Action:Reiterated
Date:10/16/26
The score is driven primarily by weak financial performance (ongoing losses, deteriorating recent margins, and elevated leverage), partially offset by improved recent operating cash flow. Technical signals are also bearish (negative MACD and trading below key short- and medium-term averages), while valuation is constrained by a negative P/E that reflects loss-making operations and no indicated dividend yield.
Positive Factors
Improved Operating Cash Flow
The return to positive trailing-twelve-month operating cash flow indicates improved working-capital management or cash discipline. If maintained, this can reduce reliance on external funding and provide a foundation for stabilising operations, although consistency remains important.
Negative Factors
Persistent Losses and Margin Deterioration
Persistent annual losses and a negative latest gross profit indicate that the core business is not currently generating sustainable economic returns. Continued revenue contraction and weak margins reduce reinvestment capacity, constrain operating leverage, and make a durable earnings recovery more difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Operating Cash Flow
The return to positive trailing-twelve-month operating cash flow indicates improved working-capital management or cash discipline. If maintained, this can reduce reliance on external funding and provide a foundation for stabilising operations, although consistency remains important.
Read all positive factors
DXN Ltd. (DXN) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$99.85M
Dividend YieldN/A
Average Volume (3M)4.98M
Price to Earnings (P/E)ā
Beta (1Y)-3.97
Revenue Growth-36.84%
EPS Growth-100.00%
CountryAU
Employees29
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-0.02
Shares Outstanding376,784,200
10 Day Avg. Volume5,587,356
30 Day Avg. Volume4,981,645
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
Negative
0.02
Price Trends
0.39
Negative
0.29
Negative
0.16
Positive
Market Momentum
-0.04
Positive
35.40
Neutral
50.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DXN, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.35, below the 50-day MA of 0.39, and below the 200-day MA of 0.16, indicating a neutral trend. The MACD of -0.04 indicates Positive momentum. The RSI at 35.40 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$52.40M | 25.51 | 6.93% | ā | 9.44% | 77.78% | |
62 Neutral | AU$2.32B | 42.63 | 60.74% | 2.13% | 6.37% | 13.05% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | AU$40.64M | -2.31 | -80.59% | ā | 119.88% | -118.99% | |
46 Neutral | AU$135.52M | -6.21 | -10.46% | ā | 17.03% | -326.15% | |
45 Neutral | AU$99.85M | -6.96 | -161.71% | ā | -36.84% | -100.00% | |
44 Neutral | AU$45.46M | -1.94 | -28.68% | ā | -37.44% | -1340.48% |
* Technology Sector Average
AU:DXN
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DXN Ltd. Corporate Events
DXN Issues 1.4 Million New Shares Under Cleansing Notice
Oct 12, 2026
DXN Ltd., a specialist in prefabricated modular data centres, has issued 1,400,000 fully paid ordinary shares on 12 October 2026 under the Corporations Act’s cleansing notice provisions. The company confirms it has complied with relevant rep...
DXN Limited Seeks ASX Quotation for 1.4 Million New Shares
Oct 12, 2026
DXN Limited has applied to the Australian Securities Exchange for quotation of 1,400,000 new ordinary fully paid shares, with an issue date of 12 October 2026. The additional shares, arising from the exercise or conversion of existing options or o...
DXN appoints new director with no current security interests
Oct 6, 2026
DXN Limited has appointed Vikas Gour as a director effective 7 October 2026, and lodged an Initial Director’s Interest Notice with the ASX in accordance with listing rule requirements. The filing confirms that Gour holds no relevant interest...
DXN discloses final director interest as Brendan Power exits board
Oct 6, 2026
DXN Limited has announced that director Brendan Power ceased to be a director of the company on 7 October 2026, with the filing serving as his final director’s interest notice to the ASX. At the time of his departure, Power held 7,128,315 fu...
DXN Issues New Shares While Reaffirming Regulatory Compliance
Oct 1, 2026
DXN Limited, a specialist in prefabricated modular data centres, has issued 200,000 fully paid ordinary shares, expanding its capital base while continuing to focus on edge facilities and critical data centre infrastructure for government and ente...
DXN Ltd. Seeks ASX Quotation for 200,000 New Shares
Oct 1, 2026
DXN Ltd. has applied for quotation on the ASX of 200,000 ordinary fully paid shares, with an issue date of 30 September 2026. The additional stock arises from the exercise or conversion of existing securities and will increase the company’s ...
DXN Rectifies Late Disclosure of Change in Substantial Shareholding
Sep 25, 2026
DXN Limited has disclosed that individual investor Andrew Walsh ceased to be a substantial holder in the company on 29 January 2024. The required notice was lodged with the ASX later than prescribed due to an administrative oversight, which was re...
DXN Issues 200,000 Shares Under Cleansing Notice, Affirms Compliance
Sep 7, 2026
DXN Limited has issued 200,000 fully paid ordinary shares on 7 September 2026 under provisions that allow share issues without a formal disclosure document. The company has confirmed its compliance with key financial reporting and continuous discl...
DXN Limited Seeks ASX Quotation for Additional Ordinary Shares
Sep 7, 2026
DXN Limited has applied to the ASX for quotation of 200,000 new ordinary fully paid shares, with an issue date of Sept. 7, 2026. The application, lodged under Appendix 2A of the ASX Listing Rules, indicates a modest increase in the company’s...
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...
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.