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Excite Technology Services Ltd (EXT) fair value: what the stock is really worth

We calculate from audited financials what Excite Technology Services Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

Valuation from Jun 23, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Technology · AU · ISIN AU0000073827

ET Thin data Jun 23, 2026

Excite Technology Services Ltd

EXT · AU

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value A$0.0085 · Strongly undervalued (+70%)
!Quality 27/100
!Mixed Growth (revenue 5y +132.0 %/yr)
!Loss-making · -41.1% net margin (TTM)
!Negative equity (buybacks among others) · negative free cash flow
!Trails peers (2/7)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$0.0420 A$0.0030 Fair Value A$0.0085 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 23, 2026.

How to read this chart

60‑month range A$0.0030 – A$0.0420 · fair‑value band A$0.0085 – A$0.0170 · the A$0.0050 price screens below the A$0.0085 fair value. Dashed = 300-day average. As of Jun 23, 2026.

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Company profile

Excite Technology Services Limited provides cyber security services development and data security technology to enterprise and government sectors in Australasia and Germany. It offers maintenance and support; services; digital forensics and training services; and engages in the resale of hardware and software.

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Excite Technology Services Limited provides cyber security services development and data security technology to enterprise and government sectors in Australasia and Germany. It offers maintenance and support; services; digital forensics and training services; and engages in the resale of hardware and software. The company also provides managed services, such as managed detection and response, managed endpoint detection and response, cyber incident response and retainer, and managed security infrastructure services; and professional services comprising penetration testing and assessment, and phishing assessments. In addition, it offers consulting services, including guidance and support services for ISO 27001 certification, NIST cybersecurity framework v2.0, ASD essential eight, information technology (IT) strategy, digital strategy consulting services, cybersite360, business continuity and disaster recovery planning, cybersecurity strategy development service, and industrial control systems (ICS) cybersecurity. The company was formerly known as Cipherpoint Limited and changed its name to Excite Technology Services Limited in September 2023. Excite Technology Services Limited was incorporated in 2006 and is based in North Sydney, Australia.

Stock analysis

Excite Technology Services Ltd (EXT) currently trades at A$0.0050, while our model-based Fair Value estimate is A$0.0085, implying the stock looks roughly 41.2% undervalued today.

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Valuation

How firm this estimate is: it rests on 3 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: A$0.0085 (bear) to A$0.0170 (bull), the price of A$0.0050 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 27/100 (below-average quality), in the Technology sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Excite Technology Services Ltd reported revenue of A$21.3M in FY2026 versus A$4.0M in FY2022, a compound +51.9%/yr. Reported net income was −A$5.4M in FY2026.

Key figures

Market cap A$18.4M (≈ $12.9M) · P/S ratio 0.86 · Net margin −25.3% · Return on equity −355% · Return on assets (EBIT) −63.4% · Operating margin −36.3% · Revenue (TTM) A$21.3M · Revenue growth (YoY) −16.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 64% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 70%, EXT screens cheaper than that median.

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Quality Score breakdown

Overall quality 27/100

Of which business quality 28 · Market factors (momentum, volatility) 13

Profitability 30
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 8
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 38
Calm price path (market factor)
Momentum 1
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+74.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+46.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+132.0%
Start year 2021 (pandemic). Over 10 years: +50.5% a year
Revenue growth 17 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+77.7%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−679.3% (2021) → −21.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Peer Groupⓘ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.Software - Infrastructure · 383 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside +70% · Top 25%
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −28% · Bottom 25%
Net margin (TTM) −41% · Bottom 25%
Operating margin (TTM) −36% · Bottom 25%
Growth and dividend
Revenue growth −17% · Bottom 25%
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Software - Infrastructure median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 0.60× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 16
FUTURE (revenue growth)0 · sector 48
PAST (return on equity)0 · sector 18
HEALTH (low debt)0 · sector 97
DIVIDEND (yield)0 · sector 33

PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.

Context: sector, industry, market

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

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.

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Microsoft Corporation MSFT $500.59 $550.65 +10%
Palantir Technologies Inc PLTR $192.59 $42.16 −78%
Oracle Corporation ORCL $139.54 $112.26 −20%
Palo Alto Networks, Inc PANW $374.57 $114.50 −69%
CrowdStrike Holdings CRWD $262.49 $35.15 −87%
Fortinet, Inc FTNT $178.74 $164.92 −8%
Synopsys, Inc SNPS $413.06 $250.04 −39%
Block, Inc XYZ $74.68 $101.29 +36%
CoreWeave, Inc CRWV $86.90 $71.79 −17%
NetApp, Inc NTAP $192.91 $157.18 −19%

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

Frequently asked questions

Is Excite Technology Services Ltd (EXT) overvalued or undervalued?
As of Jun 23, 2026, our model estimates a fair value of A$0.0085 versus a price of A$0.0050, about +70% upside (undervalued).
What is the fair value of EXT?
Our model-based fair value for Excite Technology Services Ltd is A$0.0085 (as of Jun 23, 2026), built from audited fundamentals. The current price: A$0.0050.
What is the quality score of EXT?
Excite Technology Services Ltd has a Quality Score of 27/100. 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 price target for Excite Technology Services Ltd (EXT)?
Our model-based price target is the fair value of A$0.0085 (as of Jun 23, 2026) from 3 valuation models. Cautious scenario A$0.0085, optimistic scenario A$0.0170. It is a calculation from audited fundamentals, not an analyst target.
What is the Excite Technology Services Ltd stock forecast for 2026?
Our models put fair value at A$0.0085, about +70% upside versus a price of A$0.0050 (undervalued). Cautious scenario A$0.0085, optimistic scenario A$0.0170. The calculation is refreshed regularly with new filings.
What is the revenue of Excite Technology Services Ltd (EXT)?
Excite Technology Services Ltd reported trailing-twelve-month revenue of about A$21.3M (latest available figure, as of Jun 23, 2026).
What is the intrinsic value of Excite Technology Services Ltd (EXT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Excite Technology Services Ltd it is A$0.0085 per share (as of Jun 23, 2026), against a price of A$0.0050. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is Excite Technology Services Ltd stock overvalued or undervalued in 2026?
As of Jun 23, 2026, EXT trades below its calculated fair value: price A$0.0050, fair value A$0.0085, a gap of about +70% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EXT?
No. The price is what the market pays today (A$0.0050); the fair value is what the company's own numbers justify (A$0.0085). For Excite Technology Services Ltd the two are A$0.0035 per share apart. That gap is exactly why we show both numbers side by side.
How much is Excite Technology Services Ltd worth?
The market values Excite Technology Services Ltd at about A$18.4M (market capitalisation, as of Jun 23, 2026). Per share that is A$0.0050; our models calculate a fair value of A$0.0085 per share.
What do the bullish and bearish scenarios say about EXT?
Our models span a range for Excite Technology Services Ltd: cautious scenario A$0.0085, base A$0.0085, optimistic A$0.0170 per share (as of Jun 23, 2026, price A$0.0050). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Excite Technology Services Ltd (EXT)?
Balance-sheet figures for Excite Technology Services Ltd (as of Jun 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is EXT from its 52-week high?
Excite Technology Services Ltd trades at A$0.0050, about 64% below its 52-week high of A$0.0140 and 25% above the low of A$0.0040 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0085 is for.
Which stocks are comparable to Excite Technology Services Ltd?
From the same area (Technology) we also value Microsoft Corporation, Palantir Technologies Inc, Oracle Corporation, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Excite Technology Services Ltd stock attractive at the current price?
The data as of Jun 23, 2026: price A$0.0050, calculated fair value A$0.0085 (+70%), Quality Score 27/100, from 3 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EXT calculated?
We run Excite Technology Services Ltd through 3 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0085, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Excite Technology Services Ltd currently trades 70 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Excite Technology Services Ltd (EXT)?
The closing price on Sep 24, 2026 was A$0.0050. Our model-based fair value is A$0.0085, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Excite Technology Services Ltd right now?
The large discount to fair value meets weak quality (27/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (A$0.0085). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0085 to A$0.0170) leaves room in how you read the outcome.

Key figures of Excite Technology Services Ltd

How large is the market capitalisation of Excite Technology Services Ltd (EXT)?
The market capitalisation of Excite Technology Services Ltd is A$18.4M (≈ $12.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Excite Technology Services Ltd (EXT)?
The price-to-sales ratio of Excite Technology Services Ltd is 0.86 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Excite Technology Services Ltd (EXT)?
The net margin of Excite Technology Services Ltd is −25.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Excite Technology Services Ltd (EXT)?
The return on equity (ROE) of Excite Technology Services Ltd is −355% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Excite Technology Services Ltd (EXT)?
On an EBIT basis the return on assets of Excite Technology Services Ltd is −63.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Excite Technology Services Ltd (EXT)?
The operating margin of Excite Technology Services Ltd is −36.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Excite Technology Services Ltd (EXT)?
Revenue at Excite Technology Services Ltd is growing −16.9% versus a year earlier (3y avg +46.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Excite Technology Services Ltd (EXT) generate?
The free cash flow of Excite Technology Services Ltd is −A$4.8M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Excite Technology Services Ltd (EXT) carry?
The net debt of Excite Technology Services Ltd is A$9.8M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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