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Micro-X Limited (MX1) Fair Value & Analysis

Healthcare · AU · Market cap A$30.6M

MX Micro-X Limited MX1 · AU
PriceA$0.0330
Fair ValueA$0.0749
Upside+127.0%
Quality27/100
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Evidence: Low Range A$0.0485 – A$0.1013

Fair value as of: Jun 26, 2026

From 3 valuation models · updated 6 days ago

Fair value updated Jun 26, 2026 — revised from A$0.0500 to A$0.0749 (+49.8%) since Jun 24, 2026. Share price −10.3% over the past month.

Price vs Fair Value (12 months)

A$0.1084 A$0.0302 Fair Value A$0.0749 Jun 2025 Jul 2026

12‑month range A$0.0302 – A$0.1084 · fair‑value band A$0.0485 – A$0.1013 · the A$0.0330 price screens below the A$0.0749 fair value. As of Jun 26, 2026.

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Analysis

Micro-X Limited (MX1) currently trades at A$0.0330, while our model-based Fair Value estimate is A$0.0749 — implying the stock looks roughly 127.0% undervalued today. We read business quality at 27/100 (below-average quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Over the trailing twelve months, Micro-X Limited generated revenue of A$16.9M at a net margin of -70.0%. Revenue grew 51.9% year over year. Net debt stands at A$3.3M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$16.9M
Revenue growth (YoY) +51.9%
Net margin -70.0%
Return on equity -201%
Free cash flow −A$8.7M FY2025
Operating margin -56.9%
More key figures
EPS (TTM) A$-0.0200
Net debt A$3.3M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Micro-X Limited designs, develops, manufactures, and commercializes imaging products for healthcare, defense, and security markets through cold cathode X-ray technology. The company provides carbon nanotube-based X-ray products, including core X-ray tube and high-voltage generator components. It also provides Rover Plus for medical performance in a mobile system; Head CT, a standard ambulance or retrieval aircraft for stroke; Checkpoints, a modular passenger self-screening checkpoint for airports; Baggage scanner, a CT baggage scanner for passenger self-screening checkpoints; Argus, a wide-area scattered projection backscatter and miniaturized high-voltage generator; and space imaging solutions. The company operates in Australia, the United States, the Asia-Pacific, Europe, the Middle East, and Africa. Micro-X Limited was incorporated in 2011 and is based in Tonsley, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Micro-X Limited reported revenue of A$13.1M in FY2025 versus A$3.8M in FY2021, a compound +36.4%/yr. Reported net income was −A$13.9M in FY2025.

Revenue +36.4%/yr
FY21 A$3.8M
FY22 A$9.0M
FY23 A$15.0M
FY24 A$15.2M
FY25 A$13.1M
Net income
FY21 −A$14.7M
FY22 −A$17.1M
FY23 −A$10.8M
FY24 −A$9.8M
FY25 −A$13.9M

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Frequently asked questions

Is Micro-X Limited (MX1) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0749 versus a price of A$0.0330 — about +127% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MX1?
Our model-based fair value for Micro-X Limited is A$0.0749 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0330.
What is the quality score of MX1?
Micro-X Limited has a Quality Score of 27/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Micro-X Limited (MX1)?
Micro-X Limited reported trailing-twelve-month revenue of about A$16.9M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MX1?
The net profit margin of Micro-X Limited is about -70.0%, meaning it is currently running at a net loss. 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.