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DNeX Valuation Multiples

Discover revenue and EBITDA valuation multiples for DNeX and similar public comparables like TSS Inc., Fixstars, TDC Soft, Infotel and more.

DNeX Overview

About DNeX

Dagang NeXchange Bhd is a Malaysia based company. The business operates in various segments that include Corporate, Information technology, Energy and Technology. Corporate is in provision of corporate services to the entities within the group. Information technology which include Supply, delivery, installation, testing, commissioning and maintenance of IT hardware, development, management and provision of business to government (B2G) e-commerce. Energy inccludes Providing upstream oil and gas exploration, production, sale of oil and gas related equipment and services, provision of engineering, technical support and involvement in power plant and energy related business. Key revenue is generated from Energy segment.


Founded

1970

HQ

Malaysia

Employees

1.9K

Financials (LTM)

Revenue: $294M
EBITDA: $48M

EV

$273M

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DNeX Financials

DNeX reported last 12-month revenue of $294M and EBITDA of $48M.

In the same LTM period, DNeX generated $48M in EBITDA and had net loss of ($46M).

Revenue (LTM)


DNeX P&L

In the most recent fiscal year, DNeX reported revenue of $268M and EBITDA of $33M.

DNeX is unprofitable as of last fiscal year, with gross margin of 14%, EBITDA margin of 12%, and net margin of (31%).

See analyst estimates for DNeX
LTMLast FY202320242025202620272028
Revenue$294M$268M$331M$299M$265M
Gross Profit$38M$105M$56M$38M
Gross Margin14%32%19%14%
EBITDA$48M$33M$55M($10M)($97M)
EBITDA Margin16%12%16%(3%)(37%)
EBIT Margin2%(4%)32%(5%)(56%)
Net Profit($46M)($82M)($30M)($13M)($88M)
Net Margin(16%)(31%)(9%)(4%)(33%)

Financial data powered by Morningstar, Inc.

DNeX Stock Performance

DNeX has current market cap of $301M, and enterprise value of $273M.

Market Cap Evolution


DNeX's stock price is $0.09.

DNeX share price increased by 13.9% in the last 30 days, and by 21.2% in the last year.

DNeX has an EPS (earnings per share) of $-0.02.

See more trading valuation data for DNeX
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$273M$301M0.0%13.9%29.1%21.2%$-0.02

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DNeX Valuation Multiples

DNeX trades at 0.9x EV/Revenue multiple, and 5.7x EV/EBITDA.

See NTM and 2027E valuation multiples for DNeX

EV / Revenue (LTM)


DNeX Financial Valuation Multiples

As of May 18, 2026, DNeX has market cap of $301M and EV of $273M.

DNeX has a P/E ratio of (6.5x).

LTMLast FY202320242025202620272028
EV/Revenue0.9x1.0x0.8x0.9x1.0x
EV/EBITDA5.7x8.2x5.0x(26.5x)(2.8x)
EV/EBIT42.8x(27.1x)2.6x(18.3x)(1.8x)
EV/Gross Profit7.2x2.6x4.9x7.2x
P/E(6.5x)(3.7x)(10.0x)(23.5x)(3.4x)
EV/FCF(33.3x)(5.2x)(14.6x)(33.3x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified DNeX Valuation Multiples

Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.

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DNeX Margins & Growth Rates

DNeX grew revenue by 26% and EBITDA by 116% in the last fiscal year.

In the most recent fiscal year, DNeX reported gross margin of 14%, EBITDA margin of 12%, and net margin of (31%).

See estimated margins and future growth rates for DNeX

DNeX Margins

Last FY202420252026202720282029
Gross Margin14%19%14%
EBITDA Margin12%(3%)(37%)21%
EBIT Margin(4%)(5%)(56%)10%
Net Margin(31%)(4%)(33%)4%
FCF Margin(3%)(6%)(3%)

DNeX Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth26%(10%)(11%)27%
Gross Profit Growth(46%)(33%)
EBITDA Growth116%(119%)846%(174%)
EBIT Growth(435%)(114%)893%(123%)
Net Profit Growth(116%)(58%)585%(115%)
FCF Growth(65%)(56%)

Data powered by FactSet, Inc. and Morningstar, Inc.

DNeX Operational KPIs

DNeX's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.

DNeX's Rule of 40 is 48% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

DNeX's Rule of X is 89% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for DNeX
LTMLast FY20242025202620272028
Rule of 4035%48%
Bessemer Rule of X64%89%
Revenue per Employee$0.1M
Opex per Employee$0.1M
S&M Expenses to Revenue0%1%0%
G&A Expenses to Revenue2%2%2%
Opex to Revenue69%24%70%

Data powered by FactSet, Inc. and Morningstar, Inc.

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DNeX Competitors

DNeX competitors include TSS Inc., Fixstars, TDC Soft, Infotel, Crexendo, Rimini Street, Redcentric, Econocom Group, Japan System Techniques and Comp.

Most DNeX public comparables operate across IT Consulting.

EV/RevenueEV/EBITDA
Last FYLTM2027ELast FYLTM2027E
TSS Inc.1.2x1.3x15.4x14.4x
Fixstars4.6x4.6x16.5x
TDC Soft0.7x0.6x6.2x
Infotel0.6x0.6x5.3x5.1x
Crexendo4.6x4.0x27.9x25.4x
Rimini Street0.6x0.6x3.8x5.2x
Redcentric1.9x1.9x8.7x14.5x
Econocom Group0.2x0.2x2.9x3.0x

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About DNeX

When was DNeX founded?DNeX was founded in 1970.
Where is DNeX headquartered?DNeX is headquartered in Malaysia.
How many employees does DNeX have?As of today, DNeX has over 1K employees.
Is DNeX publicly listed?Yes, DNeX is a public company listed on Bursa Malaysia.
What is the stock symbol of DNeX?DNeX trades under 4456 ticker.
When did DNeX go public?DNeX went public in 1983.
Who are competitors of DNeX?DNeX main competitors include TSS Inc., Fixstars, TDC Soft, Infotel, Crexendo, Rimini Street, Redcentric, Econocom Group, Japan System Techniques, Comp.
What is the current market cap of DNeX?DNeX's current market cap is $301M.
What is the current revenue of DNeX?DNeX's last 12 months revenue is $294M.
What is the current revenue growth of DNeX?DNeX revenue growth (NTM/LTM) is 19%.
What is the current EV/Revenue multiple of DNeX?Current revenue multiple of DNeX is 0.9x.
Is DNeX profitable?Yes, DNeX is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of DNeX?DNeX's last 12 months EBITDA is $48M.
What is DNeX's EBITDA margin?DNeX's last 12 months EBITDA margin is 16%.
What is the current EV/EBITDA multiple of DNeX?Current EBITDA multiple of DNeX is 5.7x.
How many companies DNeX has acquired to date?DNeX hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies DNeX has invested to date?DNeX hasn't invested in any companies yet (or none have been disclosed publicly).

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