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.
| 3M24 | 3M23 | 2023 | 2022 |
|---|
| Revenues | 142.76 | 145.49 | 647.70 | 610.47 |
| Expenses | 152.77 | 137.54 | 587.50 | 488.00 |
| Net Profit (Loss) | -6.02 | 4.09 | 50.33 | 105.15 |
| Assets | 1,019.68 | 1,159.70 | 1,034.84 | 643.05 |
| Liabilities | 163.49 | 345.09 | 176.34 | 369.96 |
| Shareholders' Equity | 856.20 | 814.60 | 858.50 | 273.09 |
| Operating | 60.01 | 46.23 | 3.31 | 175.96 |
| Investing | -29.35 | -31.73 | -244.80 | -112.73 |
| Financing | -4.90 | 537.03 | 365.01 | -81.42 |
| EPS (Baht) | -0.01 | 0.01 | 0.11 | 0.43 |
| GP Margin (%) | 28.56 | 33.12 | 34.27 | 41.81 |
| NP Margin (%) | -4.22 | 2.81 | 7.77 | 17.22 |
| D/E Ratio (x) | 0.19 | 0.42 | 0.21 | 1.35 |
| ROE (%) | 4.81 | 10.23 | 8.90 | 38.50 |
| ROA (%) | 4.27 | 8.64 | 6.99 | 19.30 |
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 3 Months 2024 (3M/24), the Company generated revenue of 143 million baht, representing a 36.2% increase from 105 million baht in revenue in Q1/2022. However, revenue was a slight drop of 1.9% from 145 million baht from Q1/2023 but it is within the company’s target range. The Company's revenue is cyclical and seasonal in nature due to the Company's service business both domestic and international market, usually generate lower income during the first half of the year compared to the second half.
Net Loss for the three-month period of 2024 (3M/24), The Company incurred a net loss of 6 million baht in Q1/2024, versus a net profit of 4 million baht or 247.2% decreased from the same period last year. The net loss was primarily due to an increase in service costs and selling and administrative expenses (SG&A) at the newly established subsidiary in Germany. These expenses were related to company setup costs, rent, personnel costs, and other expenses incurred before the subsidiary began generating revenue. Resulting in an increase of SG&A expenses by 5 million baht, or 11.0% YoY.
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 29/03/24 | DEXON | SERVICE | mai |
|---|---|---|---|
| P/E (X) | 20.07 | 111.30 | 109.40 |
| P/BV (X) | 1.18 | 2.64 | 2.11 |
| Dividend yield (%) | 2.45 | 1.89 | 1.80 |
| 29/03/24 | 28/12/23 | - | |
|---|---|---|---|
| Market Cap (MB) | 1,010.18 | 1,057.83 | N/A |
| Price (B/Share) | 2.12 | 2.22 | N/A |
| P/E (X) | 20.07 | 47.83 | N/A |
| P/BV (X) | 1.18 | 1.36 | N/A |