DEXON Technology PLC is a technology company providing advanced inspection and engineering services to the industrial sector. Including oil & gas pipelines, oil storage tanks, and gas storage tanks to name a few.
In-house research development and engineering teams comprising of 70 researchers have been responsible for tool development as well as offering customized tool modification for inspection of challenging pipelines for the last 27 years.
DEXON Technology PLC is a leading technology company providing Advance Non-Destructive Testing, in-line inspection, and asset integrity management services globally.
| 9M23 | 9M22 | 2022 | 2021 |
|---|
| Revenues | 388.35 | 395.25 | 610.47 | |
| Expenses | 419.08 | 342.91 | 488.00 | |
| Net Profit (Loss) | -38.36 | 44.67 | 105.15 |
| Assets | 952.56 | 643.05 | 643.05 | |
| Liabilities | 176.18 | 370.00 | 369.96 | |
| Shareholders' Equity | 776.38 | 273.10 | 273.09 |
| Operating | 23.67 | 104.30 | 175.96 | |
| Investing | -168.46 | -84.02 | -112.73 | |
| Financing | 367.43 | -47.18 | -81.42 |
| EPS (Baht) | -0.09 | 0.22 | 0.43 | |
| GP Margin (%) | 23.66 | 35.45 | 41.81 | |
| NP Margin (%) | -9.88 | 11.30 | 17.22 | |
| D/E Ratio (x) | 0.23 | 1.36 | 1.35 | |
| ROE (%) | -1.53 | 8.00 | 38.50 | |
| ROA (%) | 0.10 | 22.20 | 19.30 |
Dexon has seen exceptional growth with the international expansion into foreign markets using funds generated through the recent IPO by implementing the following strategy:
Firstly, investing in research & development to capture customized need of clients.
Secondly, expanding into the U.S pipeline inspection market. Dexon Technology USA Inc. was incorporated in 2023 to serve one of the largest and most complex pipeline markets in the world, with the plan to support industry Hydrogen Conversion in the near future.
Thirdly, expanding to European market by incorporating Dexon Europe BV in 2021 to capture the growth in European region.
Investors can learn more about DEXON's sustainable business practices by clicking the following link: link: Sustainability (dexon-technology.com
1. DEXON is a leading technology company providing Advanced Non-Destructive Testing and Conventional Non-Destructive Testing globally.
2. DEXON having a team of 70 researchers who professionally create the innovation to serve the customized needs of clients.
3. DEXON successfully maintained long-term clients both locally and internationally and help secure the company's source of income from repeated customer.
Cumulative Revenue 9 Months 2023 (9M/23), Dexon Technology Public Company Limited has operating revenues Baht 387.2 million, decrease by Baht 5.9 million. (down 1.5% YoY)
Cumulative EBITDA for 9 months 2023 (9M/23), the company had EBITDA (operating profit before depreciation, finance costs and income tax) of Baht 51.1 million. decrease of Baht 69.5 million (decrease of 57.6% YoY).This was due to an increase in service costs, selling expenses and administrative expenses, with service costs increasing by 42 million baht or 16% mainly due to increased staff costs due to the hiring of more employees , which has added R&D personnel, hired technology experts to develop modern inspection tools and better support customer needs, and added personnel with expertise in pipeline inspection to support the increased inspection work at the end of the year.
Net profit for the nine-month period of 2023 (9M/23), the company reported a net loss of Baht 38.4 million (down 185.9% YoY). This was mainly due to an increase in costs of services of Baht 41.7 million (up 16.4% YoY) comprises of the increase personal in R&D, Sales & Customer Support.
1996 - Founded in Thailand with 2-million-baht registered capital. (Former name : DACON)
1990 - 1st phase of Intelligent Pigging Development
2007 - R&D successfully develop UT-R tool. Key Achievement of the company as a starting point of pipeline inspection services.
2016 - R&D successfully develop intelligent MFL tools that can detect the leak of magnetic field.
2020-2021 - Company restructuring and increased capital to 75.82 million baht and incorporate its subsidiaries.
2022 - The company changed its name and transformed into Dexon Technology Public Company Limited (DEXON) and increased its registered capital to 238.25 million baht.
2023 - 1st Trading Day "DEXON" on March 31 2023.
View Dexon's Risk Management policy here: risk-management-policy-th.pdf (dexon-technology.com) (Available in Thai only)
View awards and recognitions received by Dexon here: News (dexon-technology.com)
| as of 29/09/23 | DEXON | SERVICE | mai |
|---|---|---|---|
| P/E (X) | 23.99 | 54.13 | 109.70 |
| P/BV (X) | 1.50 | 2.70 | 2.40 |
| Dividend yield (%) | - | 1.66 | 1.47 |
| 29/09/23 | - | - | |
|---|---|---|---|
| Market Cap (MB) | 1,191.25 | N/A | N/A |
| Price (B/Share) | 2.50 | N/A | N/A |
| P/E (X) | 23.99 | N/A | N/A |
| P/BV (X) | 1.50 | N/A | N/A |