Want to see AU:PXA full AI Analyst Report?
Top Page
PEXA Group Limited
(Sydney:PXA)
Select Model
Select Model
Rating:47Neutral
Price Target:
AU$10.50
â–¼(-16.73% Downside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by weak financial performance (declining revenue and negative profitability) and a clearly bearish technical setup (price below all major moving averages with negative MACD). Valuation is also pressured by losses reflected in the negative P/E, with no dividend data to offset.
Positive Factors
High gross margin
An 82.12% gross margin reflects software-like unit economics and low incremental costs for additional transactions. Sustained high gross margins support reinvestment in product and customer onboarding, allowing operating leverage as volumes scale and preserving long-term profitability potential.
Negative Factors
Negative profitability and revenue decline
Declining revenue and a deeply negative net margin indicate the core transaction business is not currently profitable. Persistent operating losses erode capital, limit funding for growth initiatives, and make the platform more vulnerable if transaction volumes remain depressed over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
An 82.12% gross margin reflects software-like unit economics and low incremental costs for additional transactions. Sustained high gross margins support reinvestment in product and customer onboarding, allowing operating leverage as volumes scale and preserving long-term profitability potential.
Read all positive factors
PEXA Group Limited (PXA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.81B
Dividend YieldN/A
Average Volume (3M)369.60K
Price to Earnings (P/E)―
Beta (1Y)0.19
Revenue Growth6.77%
EPS Growth-25.64%
CountryAU
Employees839
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.33
Shares Outstanding175,936,200
10 Day Avg. Volume283,624
30 Day Avg. Volume369,598
Financial Highlights & Ratios
PEG Ratio-0.10
Price to Book (P/B)2.11
Price to Sales (P/S)6.46
P/FCF Ratio40.84
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$14.15Price Target Upside12.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)0.32
Revenue Forecast (FY)AU$429.61M
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 transaction-based fees for the use of its electronic lodgement and settlement platform when customers complete property-related transactions through PEXA Exchange. The main revenue driver is volumes of lodgem...
PEXA Group Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 406.45M | 373.05M | 340.06M | 281.69M | 279.84M | 221.05M |
| Gross Profit | 234.31M | 306.34M | 289.78M | 170.13M | 177.00M | 126.03M |
| EBITDA | 112.12M | 83.18M | 103.94M | 89.91M | 106.56M | 94.74M |
| Net Income | -57.63M | -76.08M | -18.01M | -21.84M | 21.85M | -11.79M |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.68B | 1.78B | 1.82B | 1.81B | 1.61B |
| Cash, Cash Equivalents and Short-Term Investments | 79.27M | 70.67M | 90.46M | 36.54M | 75.39M | 51.52M |
| Total Debt | 303.34M | 324.16M | 375.08M | 306.37M | 307.50M | 502.08M |
| Total Liabilities | 522.83M | 540.95M | 553.37M | 578.29M | 542.19M | 581.32M |
| Stockholders Equity | 1.13B | 1.14B | 1.23B | 1.24B | 1.26B | 1.03B |
Cash Flow | ||||||
| Free Cash Flow | 127.92M | 58.98M | 41.10M | 8.62M | 39.76M | 86.19M |
| Operating Cash Flow | 128.74M | 116.77M | 109.94M | 83.23M | 89.78M | 109.28M |
| Investing Cash Flow | -60.21M | -63.12M | -117.46M | -119.46M | -80.70M | -23.35M |
| Financing Cash Flow | -44.81M | -73.50M | 61.80M | -2.95M | 15.02M | -104.83M |
PEXA Group Limited Technical Analysis
Negative
12.61
Price Trends
11.53
Negative
12.89
Negative
13.78
Negative
Market Momentum
-0.27
Negative
32.56
Neutral
19.05
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:PXA, the sentiment is Negative. The current price of 12.61 is above the 20-day moving average (MA) of 10.71, above the 50-day MA of 11.53, and below the 200-day MA of 13.78, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 32.56 is Neutral, neither overbought nor oversold. The STOCH value of 19.05 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$2.68B | 6.96 | 11.96% | 6.09% | 5.78% | 79.44% | |
73 Outperform | AU$2.98B | 8.24 | 11.25% | 4.87% | 7.04% | 11.89% | |
70 Outperform | AU$1.80B | 13.00 | 8.46% | 1.81% | -2.09% | 133.93% | |
70 Outperform | AU$1.90B | 13.82 | 5.63% | 4.85% | 2.44% | 42.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
54 Neutral | AU$2.63B | 11.61 | 6.69% | 6.14% | 33.58% | ― | |
47 Neutral | AU$1.81B | -31.10 | -5.08% | ― | 6.77% | -25.64% |
* Technology Sector Average
AU:PXA
PEXA Group Limited
10.30
-3.24
-23.93%
AU:BWP
BWP Trust
3.79
0.39
11.54%
AU:CLW
Charter Hall Long WALE REIT
3.65
-0.21
-5.42%
AU:HDN
HomeCo Daily Needs REIT
1.28
0.11
9.40%
AU:INA
Ingenia Communities Group
4.42
-0.97
-18.03%
AU:CIP
Centuria Industrial REIT
3.04
0.05
1.74%
PEXA Group Limited Corporate Events
PEXA notes revised regulatory timeline for ELNO fee review
Jun 2, 2026
PEXA Group Limited, the Australian-listed digital property exchange that handles the vast majority of electronic property settlements in Australia and is expanding into the UK market, has highlighted its central role in modernising property transa...
PEXA names Graham Curtin as new Group CFO to steer next growth phase
May 28, 2026
PEXA Group Limited has appointed Graham Curtin as Group Chief Financial Officer, effective 1 September 2026, bringing more than 20 years of international finance leadership experience, including senior roles at ASX-listed REA Group and major accou...
PEXA posts strong 3Q26 results and stays on track for top-end FY26 profit guidance
May 4, 2026
PEXA reported a strong third-quarter performance for FY26, with Australian property transaction volumes rising 7.3% year on year and national market penetration holding at 90%. The group highlighted disciplined cost management, higher customer sat...
PEXA director Helen Silver steps down and discloses final equity interests
May 4, 2026
PEXA Group Limited has announced that director Helen Elizabeth Silver has ceased to be a director of the company effective 1 May 2026, as disclosed in a final director’s interest notice lodged with the ASX. The notice records that upon her c...
PEXA reports lapse of 24,570 performance rights after unmet conditions
Apr 14, 2026
PEXA Group Limited has notified the market of the cessation of a tranche of its performance rights, as detailed in an Appendix 3H filing with the ASX. The company reported that multiple parcels of PXAAA performance rights, totaling 24,570 securiti...
PEXA issues new shares on conversion of unquoted equity
Apr 13, 2026
PEXA Group Limited has issued 28,970 new ordinary fully paid shares following the conversion of previously unquoted options or other unquoted convertible securities. The conversion, effective 16 March 2026 and disclosed in an Appendix 3G filing da...
PEXA Issues New Unquoted Performance Rights Under Employee Incentive Scheme
Apr 8, 2026
PEXA Group Limited has issued a total of 56,650 unquoted performance rights under its employee incentive scheme, with allocations made on 10, 12 and 17 March 2026. The securities, which will not be quoted on the ASX, form part of the company’...
PEXA notes IPART stakeholder workshop summary on ELNO service fees
Apr 2, 2026
PEXA Group Limited has acknowledged the publication by the New South Wales pricing regulator IPART of a summary from a stakeholder workshop held on 17 March 2026, focused on Electronic Lodgement Network Operator service fees. The release signals t...
PEXA to Hold Investor Briefing on Regulatory Update
Apr 2, 2026
PEXA Group Limited, a leading ASX-listed digital property exchange operator, dominates Australia’s electronic property transfer market and is extending its footprint into the UK’s digital refinancing and sale and purchase sectors. The ...
PEXA acknowledges IPART update on ELNO service fee methodology
Apr 2, 2026
PEXA Group Limited, the ASX-listed digital property exchange operator, has built a dominant position in Australia’s electronic conveyancing market, where its platform handles the vast majority of property transfer settlements. The company ha...
PEXA links share price moves to non-binding IPART pricing consultation
Apr 1, 2026
PEXA Group has responded to an ASX price query, stating it is not aware of any undisclosed information that could explain recent movements in its share price and confirming its compliance with continuous disclosure obligations. The company pointed...
PEXA Responds as ARNECC Halts e-Conveyancing Interoperability Program
Mar 31, 2026
PEXA Group Limited has responded to a decision by the Australian Registrars’ National Electronic Conveyancing Council not to proceed for now with its planned Interoperability Program for e-conveyancing platforms. The company says it will con...
PEXA Director Helen Silver AO to Retire From Board in May 2026
Mar 19, 2026
PEXA Group Limited has announced that non-executive director Helen Silver AO will retire from the board effective 1 May 2026, stepping down from her role as Chair of the Remuneration, Nomination and People Committee. The board, led by Chair Mark J...
PEXA director increases equity holding via Non-Executive Director Share Plan
Mar 19, 2026
PEXA Group Limited has disclosed a change in director Helen Elizabeth Silver’s interests in the company’s securities, reflecting routine adjustments under its Non-Executive Director Share Plan. Silver’s holding increased as 1,247...
PEXA to Divest .id as It Refocuses on Core Digital Property Platform
Mar 16, 2026
PEXA Group Limited, a leading ASX‑listed digital property exchange that processes the vast majority of Australian property transfer settlements and is expanding into the UK, continues to refine its portfolio as it grows its core transaction ...
PEXA cancels 1.67 million shares under on-market buy-back
Mar 4, 2026
PEXA Group Limited has cancelled 1,665,660 ordinary fully paid shares following the completion of an on-market buy-back, as disclosed in an Appendix 3H filing dated 4 March 2026. The reduction in issued capital reflects the company’s ongoing...
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.