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DUG Technology Ltd (DUG) Fair Value & Analysis

Technology · AU · Market cap A$295M

DT DUG Technology Ltd DUG · AU
PriceA$1.93
Fair ValueA$1.76
Upside-8.6%
Quality30/100
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Mixed Growth
Thin margins · 2.1% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 32/100
Evidence: Low Range A$1.28 – A$2.23 Share as image

Fair value as of: Jul 12, 2026

From 5 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from A$1.05 to A$1.76 (+67.6%) since Jun 24, 2026. Share price −11.7% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

A$3.23 A$0.3650 Fair Value A$1.76 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$0.3650 – A$3.23 · fair‑value band A$1.28 – A$2.23 · the A$1.93 price screens above the A$1.76 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

DUG Technology Ltd (DUG) currently trades at A$1.93, while our model-based Fair Value estimate is A$1.76, implying the stock looks roughly 8.6% fairly valued today. The Quality Score stands at 30/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, DUG Technology Ltd generated revenue of A$74.2M at a net margin of 2.1%. Revenue grew 40.4% year over year. It earns a return on equity of 1.0%. Net debt stands at A$17.4M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$1.28 (bear case) to A$2.23 (bull case); at A$1.93, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 67% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -9%, DUG screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (A$0.0900 to A$2.00). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM A$0.0700 A$0.1000 A$0.1300 70
DDM Multi-Stage A$0.0700 A$0.0900 A$0.1100 61
EV/EBITDA A$1.53 A$2.00 A$2.48 54
All 5 models by family
DCF Models
Owner Earnings A$0.5600 A$0.6900 A$0.8400 31
Dividend Discount
Gordon GGM A$0.0700 A$0.1000 A$0.1300 70
DDM Multi-Stage A$0.0700 A$0.0900 A$0.1100 61
Multiples
EV/EBITDA A$1.53 A$2.00 A$2.48 54
Asset-Based
NCAV (Graham) A$0.1700 A$0.2300 A$0.3500 50

Widest divergence: Multiples (A$2.00) versus Dividend Discount (A$0.0900). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) A$74.2M
Revenue growth (YoY) +40.4%
Net margin 2.1%
Return on equity 1.0%
Free cash flow −A$2.8M FY2024
P/E ratio 115.0
More key figures
Operating margin 13.0%
EPS (TTM) A$0.0200
EPS growth (YoY) -96.4%
Net debt A$17.4M FY2024

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 34 · Market factors (momentum, volatility) 59

Profitability 30
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 12
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 65
Distance to the 52-week high (market factor)
Net Issuance 30
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

DUG Technology Ltd, a technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates. It operates through three segments: HPCaaS, Services, and Software.

Full company description

DUG Technology Ltd, a technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates. It operates through three segments: HPCaaS, Services, and Software. The HPCaaS segment allows clients to connect to its HPC and storage in a complete HPC environment, as well as provides software and algorithm support and development that enables clients to operate on its HPC. Its Services segment offers data loading, quality control and management, and scientific data analysis. The Software segment provides DUG Insight, a software package for scientific processing and visualization, as well as DUG Cluster Software, algorithms for the processing of scientific data on large HPC installations. DUG Technology Ltd was incorporated in 2003 and is headquartered in West Perth, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

DUG Technology Ltd reported revenue of A$62.6M in FY2024 versus A$38.5M in FY2020, a compound +12.9%/yr. Reported net income was −A$3.9M in FY2024.

Growth Quality 27/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
A$62.6M
Latest YoY
−4.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.7%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.6%
Revenue +12.9%/yr
FY20 A$38.5M
FY21 A$33.7M
FY22 A$50.9M
FY23 A$65.5M
FY24 A$62.6M
Net income
FY20 −A$15.8M
FY21 −A$9.3M
FY22 A$5.0M
FY23 A$2.8M
FY24 −A$3.9M

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Cite: Fair Value Calculator (2026). "DUG Technology Ltd Fair Value". https://www.fairvalue-calculator.com/stock/DUG

Peer Group

Information Technology Services · 475 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 30 · Bottom 25%
Fair Value upside −9% · Above median
Return on equity (TTM) 1% · Below median
Return on assets 6% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 13% · Top 25%
Revenue growth 40% · Top 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 109.0× · Pricier than 75% of peers
P/B 4.41× · Pricier than 75% of peers
P/S (TTM) 2.81× · Pricier than 75% of peers
EV/EBITDA 16.2× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 22 · sector 21
FUTURE 100 · sector 31
PAST 4 · sector 37
HEALTH 100 · sector 97
DIVIDEND 0 · sector 37

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is DUG Technology Ltd (DUG) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$1.76 versus a price of A$1.93, about −9% (fairly valued).
What is the fair value of DUG?
Our model-based fair value for DUG Technology Ltd is A$1.76 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$1.93.
What is the quality score of DUG?
DUG Technology Ltd has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of DUG Technology Ltd (DUG)?
DUG Technology Ltd reported trailing-twelve-month revenue of about A$74.2M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of DUG?
The net profit margin of DUG Technology Ltd is about 2.1%, meaning it keeps roughly 2.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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