Stock

DigitalX Limited

DCC.AX

Software - Infrastructure · Technology

Price

A$0.03

+0.00 (+0.00%)

Market Cap

A$44.7M

Exchange

Australian Securities Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Sep 14, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality

Mixed

Growth

Mixed

Cash Flow

Weak

Stability

Good

Valuation

Data not available

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Share count rising — dilution

+91.9% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 741.4M (2022) → 1.42B (2026)

§Winston Score History

The full picture

DigitalX is an Australian technology company focused on digital assets and blockchain services. It offers asset management products like digital asset funds, as well as blockchain advisory and consulting services for businesses looking to adopt distributed ledger technology. The company is one of the earliest blockchain-focused firms listed on the Australian Securities Exchange.

DigitalX earns revenue through management fees on its digital asset funds and fees from advisory and consulting engagements. It operates primarily in Australia but serves clients with global exposure to cryptocurrency markets. The company is small, with a market cap well under $100 million, and its high gross margins reflect its services-oriented model. Growth depends heavily on broader adoption of digital assets and blockchain technology, but the company faces significant risk from cryptocurrency market volatility and an evolving regulatory environment that could impact demand for its products.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-14.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+94.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$0/ year

0.0% of revenue

Below sector average (15%)

Research and development spending

Insider Activity

34.8%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

A$60M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

DigitalX Limited's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

79.1%

Premium pricing power — 79.1% gross margin

Profit after running costs

Operating Margin

-8.3%

Losing money on operations — -8.3%

Return on the money invested

ROCE

-3.4%

Weak — -3.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-8.7%

Shrinking sales (-8.7% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-39.6%

Burning cash (-39.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.00

Conservative — low debt load (0.00)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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