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Janison Education Group Limited

JAN.AX
28
Software - Application · Technology
Price
A$0.13
-0.00 (-0.00%)
Market Cap
A$34.0M
Exchange
Australian Securities Exchange
Winston Score
28
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Sep 11, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Good
Valuation
Data not available

Share count rising — dilution

+11.7% over 4y

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

Diluted shares outstanding: 232.7M (2022) → 259.9M (2026)

§Winston Score History

The full picture

Janison Education Group is an Australian technology company that builds software for online testing and learning. Its platforms help schools, governments, and large organizations create, deliver, and mark digital assessments at scale. Janison is known for powering major standardized tests, including platforms used by education departments across Australia and international assessment programs.

The company earns revenue through a mix of software licensing fees, platform subscriptions, and professional services tied to assessment delivery. It operates primarily in Australia but also serves clients in Asia, Europe, and the Middle East. Janison's ability to handle millions of test sessions gives it credibility with large institutional buyers, but the company has yet to achieve consistent profitability, with negative operating margins reflecting ongoing investment in growth. Winning new large-scale government and institutional contracts remains the key growth driver, though the path to sustained profitability is the central risk investors face.

Growth Profile

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

Revenue Growth

+3.5% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+63.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

A$0/ year

Declining (-100% vs prior year)

0.0% of revenue

Below sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

46.0%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

↑ Burn rate improving

A$11M cash & investments at current burn rate

Growth context

Janison Education Group Limited is growing revenue at 4% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

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.

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Quality

Profit per sale
Gross Margin
37.4%
Modest — 37.4% gross margin
Profit after running costs
Operating Margin
-10.3%
Losing money on operations — -10.3%
Return on the money invested
ROCE
-33.6%
Weak — -33.6% 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
+2.7%
Nearly flat sales (+2.7% 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
7.3%
Modest free cash flow (7.3%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.02
Conservative — low debt load (0.02)
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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