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PEXA Group Limited
(Sydney:PXA)
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Rating:60Neutral
Price Target:
AU$8.00
â–¼(-0.25% Downside)
Action:Reiterated
Date:08/29/26
The score is driven primarily by improving financial performance—stronger operating profitability, declining leverage, and robust 2026 free cash flow—offset by a pronounced negative technical setup (price below all major moving averages and negative MACD) and valuation limitations stemming from ongoing net losses and the absence of dividend yield data.
Positive Factors
Strong cash generation
Rising operating cash flow and a sharp increase in free cash flow to about A$141m indicate that the platform is converting activity into cash, supporting reinvestment and debt service. If maintained, this provides resilience even while reported earnings remain uneven.
Negative Factors
Inconsistent bottom-line profitability
Negative net income in most years, including 2026, and generally negative ROE show that improved operating performance has not yet translated into consistent shareholder returns. Continued bottom-line losses could limit internally funded growth and weaken confidence in earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Rising operating cash flow and a sharp increase in free cash flow to about A$141m indicate that the platform is converting activity into cash, supporting reinvestment and debt service. If maintained, this provides resilience even while reported earnings remain uneven.
Read all positive factors
PEXA Group Limited (PXA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.19B
Dividend YieldN/A
Average Volume (3M)579.52K
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue Growth3.37%
EPS Growth79.00%
CountryAU
Employees825
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.09
Shares Outstanding175,936,200
10 Day Avg. Volume564,512
30 Day Avg. Volume579,518
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)1.62
Price to Sales (P/S)4.45
P/FCF Ratio12.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$8.93Price Target Upside11.33% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.21
Revenue Forecast (FY)AU$412.53M
PEXA Group Limited Business Overview & Revenue Model
Company Description
PEXA Group Limited operates a digital property settlements platform in Australia. It operates through three segments: Exchange, International, and Digital Solutions. It operates electronic lodgement network, a cloud-based platform that enables the...
How the Company Makes Money
PEXA primarily makes money by charging fees for transactions processed on its electronic conveyancing and settlement platform (PEXA Exchange). Revenue is largely transaction-based: when a property transfer, mortgage, refinance, discharge of mortga...
PEXA Group Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
78
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 406.88M | 373.05M | 340.06M | 281.69M | 279.84M |
| Gross Profit | 240.00M | 306.34M | 289.78M | 170.13M | 177.00M |
| EBITDA | 151.89M | 83.18M | 102.52M | 89.91M | 106.56M |
| Net Income | -15.87M | -76.08M | -18.01M | -21.84M | 21.85M |
Balance Sheet | |||||
| Total Assets | 1.62B | 1.68B | 1.78B | 1.82B | 1.81B |
| Cash, Cash Equivalents and Short-Term Investments | 63.63M | 70.67M | 90.46M | 36.54M | 75.39M |
| Total Debt | 232.81M | 324.16M | 375.08M | 306.37M | 307.50M |
| Total Liabilities | 502.68M | 540.95M | 553.37M | 578.29M | 542.19M |
| Stockholders Equity | 1.12B | 1.14B | 1.23B | 1.24B | 1.26B |
Cash Flow | |||||
| Free Cash Flow | 141.04M | 58.98M | 41.10M | 8.62M | 39.76M |
| Operating Cash Flow | 142.04M | 116.77M | 109.94M | 83.23M | 89.78M |
| Investing Cash Flow | -45.07M | -63.12M | -117.46M | -119.46M | -80.70M |
| Financing Cash Flow | -98.78M | -73.50M | 61.80M | -2.95M | 15.02M |
PEXA Group Limited Technical Analysis
Neutral
8.02
Price Trends
6.95
Negative
7.90
Negative
10.64
Negative
Market Momentum
-0.07
Negative
54.49
Neutral
92.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PXA, the sentiment is Neutral. The current price of 8.02 is above the 20-day moving average (MA) of 6.48, above the 50-day MA of 6.95, and below the 200-day MA of 10.64, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 54.49 is Neutral, neither overbought nor oversold. The STOCH value of 92.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:PXA.
PEXA Group Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$626.39M | 16.67 | 33.67% | 3.97% | 6.59% | 4.49% | |
70 Outperform | AU$10.78B | 75.09 | 32.19% | 1.15% | 14.48% | 6.31% | |
67 Neutral | AU$11.09B | 73.15 | 3.68% | ― | 27.32% | -30.84% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | AU$1.19B | -73.09 | -1.41% | ― | 3.37% | 79.00% | |
60 Neutral | AU$1.06B | 11.24 | 22.13% | 4.71% | -14.44% | 5.34% | |
42 Neutral | AU$4.29M | -0.84 | 564.22% | ― | -1.21% | -20.92% |
* Technology Sector Average
AU:PXA
PEXA Group Limited
6.80
-8.54
-55.67%
AU:TNE
Technology One Limited
32.12
-5.98
-15.69%
AU:XRO
Xero Limited
64.11
-89.67
-58.31%
AU:IRE
IRESS Limited
5.61
-2.79
-33.19%
AU:OCL
Objective Corporation Limited
6.49
-12.20
-65.27%
AU:ID8
Identitii Ltd.
0.87
0.07
8.75%
PEXA Group Limited Corporate Events
PEXA director Paul Rickard lifts stake with on-market share purchase
Sep 9, 2026
PEXA Group Limited has disclosed a change in director Paul Gordon Rickard’s interest in the company’s securities, reflecting both his direct and indirect holdings. The filing notes that Rickard holds shares personally and through the R...
PEXA director Georgina Lynch acquires initial shareholding via on-market trade
Sep 9, 2026
PEXA Group Limited has disclosed a change in director Georgina Lynch’s interests, with Lynch acquiring 12,064 ordinary shares in the company via an on-market trade. The shares were purchased at $7.45 each through G Lynch Investments Pty Ltd ...
PEXA notes revised IPART timeline for ELNO fee review
Sep 4, 2026
Digital property exchange operator PEXA Group Limited has acknowledged a revised timetable by the New South Wales Independent Pricing and Regulatory Tribunal for completing its review of Electronic Lodgement Network Operator service fees. IPART no...
PEXA Director Janelle Hopkins Acquires First Equity Stake
Sep 2, 2026
PEXA Group Limited has disclosed a change in director interests, noting that director Janelle Suzanne Hopkins has acquired a personal holding in the company. Hopkins purchased 4,000 ordinary shares in PEXA via an on‑market trade on 31 August...
PEXA Announces Lapse of Performance Rights Under Incentive Plan
Sep 2, 2026
PEXA Group Limited has notified the market of the cessation of a small parcel of performance rights, with a total of 4,511 securities lapsing after the conditions attached to those rights were not met or became incapable of being satisfied. The la...
PEXA Director Mark Joiner Increases Indirect Shareholding
Sep 2, 2026
PEXA Group Limited has disclosed a change in the interests of director Mark Andrew Joiner, reflecting an on-market purchase of additional ordinary shares through his superannuation fund. The transaction, executed at $6.87 per share, increases his ...
PEXA Director Melanie Willis Increases Indirect Shareholding via Super Fund
Sep 2, 2026
PEXA Group Limited has disclosed a change in director Melanie Willis’s holdings in the company, reflecting an increase in her indirect interest through the Wyong Super Fund account. Following an on-market trade at $7.28 per share, Willis and...
PEXA lodges updated ASX corporate governance disclosures
Aug 27, 2026
PEXA Group Limited operates in the digital property settlement and conveyancing sector, providing electronic platforms and services that facilitate property transactions across Australia. Listed on the ASX under the ticker PXA, the company serves ...
PEXA swings back to profit as revenue rises and portfolio is reshaped
Aug 27, 2026
PEXA Group reported a 7.2% rise in revenue from continuing operations to $406.9 million for the year to 30 June 2026, as net profit after tax from continuing operations rebounded to $84.8 million from a prior loss. Overall net loss attributable to...
PEXA Flags Volume Decline as It Challenges Draft Ruling on ELNO Fees
Aug 18, 2026
PEXA Group Limited has lodged its formal submission to IPART’s draft report on Electronic Lodgment Network Operator service fees, revealing FY26 Australian Exchange transaction volumes of 4.2 million and signalling an expected fall in FY27 v...
PEXA to Divest Value Australia as It Refocuses on Core Digital Property Platform
Aug 13, 2026
PEXA Group Limited has agreed to sell its Value Australia business to an undisclosed unlisted buyer, advancing its previously signalled strategy to exit non-core Digital Solutions operations. Completion of the transaction remains subject to condit...
PEXA sets date for FY26 results and investor briefing
Aug 4, 2026
PEXA Group Limited will release its full‑year financial results for the period ended 30 June 2026 on 28 August 2026. The announcement will be accompanied by a briefing session for investors and analysts at 10:30am AEST, with access provided ...
PEXA appoints new director with no current shareholding
Aug 3, 2026
PEXA Group Limited has appointed Janelle Hopkins as a director effective 3 August 2026, as disclosed in an initial director’s interest notice lodged with the ASX. The filing confirms that Hopkins currently holds no relevant interests in PEXA...
PEXA challenges IPART’s proposed fee framework for digital property network
Jul 21, 2026
PEXA Group Limited is a Melbourne‑based, ASX‑listed digital property exchange operator whose platform processes the vast majority of Australian property transfer settlements and has begun expanding into the UK’s digital conveyanc...
PEXA trims potential equity dilution as performance rights lapse
Jul 15, 2026
PEXA Group Limited has reported the cessation of a total of 17,172 performance rights on its ASX-listed capital structure, following the lapse of conditional rights that could not be satisfied or had become incapable of being met. The lapses, occu...
PEXA Issues New Performance Rights Under Employee Incentive Scheme
Jul 10, 2026
PEXA Group Limited has notified the market of the issuance of 922 unquoted performance rights under its employee incentive scheme. The rights, dated May 25, 2026, are not intended to be quoted on the ASX, reflecting the company’s ongoing use...
PEXA to Brief Investors Following IPART Draft ELNO Fee Report
Jul 1, 2026
PEXA Group Limited will hold an investor briefing on 3 July 2026 at 9:30am AEST, following the expected release of the draft report from the Independent Pricing and Regulatory Tribunal on electronic lodgement network operator service fees. The bri...
PEXA appoints John Hooper to board with no initial shareholding
Jun 30, 2026
PEXA Group Limited has appointed John Hooper as a director effective 25 June 2026, with the company lodging the required initial director’s interest notice with the ASX. The filing confirms that Hooper currently holds no relevant interests i...
PEXA installs dual leadership team to drive UK growth
Jun 30, 2026
PEXA Group has announced that PEXA UK CEO Joe Pepper will leave the business on 30 June 2026, with senior executives Krystle Kocik and Simon Wright appointed as Co-Chief Executive Officers from 1 July 2026. The dual leadership model is intended to...
PEXA bolsters board with appointments of Hopkins and Hooper
Jun 24, 2026
PEXA Group Limited has strengthened its board with the appointment of two new independent non-executive directors, former REA Group and Australia Post CFO Janelle Hopkins and veteran international banker John Hooper. Hopkins brings deep experience...
Aware Super exits substantial shareholder position in PEXA Group
Jun 24, 2026
Aware Super Pty Ltd, as trustee of Aware Super, has ceased to be a substantial shareholder in PEXA Group Limited, according to a notice filed under section 671B of the Corporations Act. The change in relevant interest, effective 19 June 2026, indi...
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.