DigitalX Limited develops software products in Australia.
+ 1 more risk
Excellent balance sheet and overvalued.
Share Price & News
How has DigitalX's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DGGX.F's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: DGGX.F underperformed the US Software industry which returned 31.8% over the past year.
Return vs Market: DGGX.F underperformed the US Market which returned 5.3% over the past year.
Price Volatility Vs. Market
How volatile is DigitalX's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is DigitalX undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate DGGX.F's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate DGGX.F's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: DGGX.F is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: DGGX.F is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DGGX.F's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DGGX.F is good value based on its PB Ratio (1.1x) compared to the US Software industry average (6.6x).
How is DigitalX forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Software industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as DigitalX has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine DigitalX's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access DigitalX's filings and announcements here.
- Explore growth companies in the Software industry.
How has DigitalX performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DGGX.F is currently unprofitable.
Growing Profit Margin: DGGX.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DGGX.F is unprofitable, and losses have increased over the past 5 years at a rate of 4.1% per year.
Accelerating Growth: Unable to compare DGGX.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DGGX.F is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (12.3%).
Return on Equity
High ROE: DGGX.F has a negative Return on Equity (-36.67%), as it is currently unprofitable.
How is DigitalX's financial position?
Financial Position Analysis
Short Term Liabilities: DGGX.F's short term assets ($7.5M) exceed its short term liabilities ($372.8K).
Long Term Liabilities: DGGX.F's short term assets ($7.5M) exceed its long term liabilities ($292.0K).
Debt to Equity History and Analysis
Debt Level: DGGX.F is debt free.
Reducing Debt: DGGX.F had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: DGGX.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DGGX.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 40.7% each year.
What is DigitalX current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate DGGX.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate DGGX.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if DGGX.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DGGX.F's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DGGX.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Leigh Daniel Travers serves as Executive Director of DigitalX Limited since November 28, 2017 and has been its Managing Director. Mr. Travers has been the Chief Executive Officer of DigitalX Limited si ...
CEO Compensation Analysis
Compensation vs Market: Leigh's total compensation ($USD192.22K) is below average for companies of similar size in the US market ($USD618.98K).
Compensation vs Earnings: Leigh's compensation has been consistent with company performance over the past year.
|MD, CEO & Executive Director||3.58yrs||US$192.22k||0.83% $76.6k|
|Head of Finance||1.08yrs||no data||no data|
|Chief Technology Officer||no data||no data||no data|
|Chief Product Officer||2.25yrs||no data||no data|
|Company Secretary||3.58yrs||no data||no data|
|Corporate Advisor||4yrs||US$2.25k||no data|
Experienced Management: DGGX.F's management team is considered experienced (3.6 years average tenure).
|MD, CEO & Executive Director||3.58yrs||US$192.22k||0.83% $76.6k|
|Non-Executive Chairman||1yr||US$6.09k||0.13% $12.3k|
|Non-Executive Director||2.83yrs||US$198.83k||4.2% $390.2k|
Experienced Board: DGGX.F's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
DigitalX Limited's company bio, employee growth, exchange listings and data sources
- Name: DigitalX Limited
- Ticker: DGGX.F
- Exchange: OTCPK
- Founded: 1988
- Industry: Application Software
- Sector: Software
- Market Cap: AU$13.324m
- Listing Market Cap: AU$9.278m
- Shares outstanding: 605.63m
- Website: https://www.digitalx.com
- DigitalX Limited
- The Blockchain Centre
- Suite 1, Level 2
- West Perth
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|DCC||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||Jun 2014|
|DCC||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||Jun 2014|
|VSL||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 2014|
|VSL||HMSE (Hamburg Stock Exchange)||Yes||Ordinary Shares||DE||EUR||Jun 2014|
|DGGX.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jun 2014|
|VSL||BST (Boerse-Stuttgart)||Yes||Ordinary Shares||DE||EUR||Jun 2014|
DigitalX Limited develops software products in Australia. The company provides blockchain consulting and development services; and asset management services focusing on blockchain and emerging technologies. It also offers corporate advisory, technical due diligence, and marketing and promotion services. The company was formerly known as Digital CC Limited and changed its name to DigitalX Limited in December 2015. DigitalX Limited was incorporated in 1988 and is based in West Perth, Australia.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/15 00:48|
|End of Day Share Price||2020/07/14 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.