MACQUARIE TECHNOLOGY GROUP LIMITED (MAQ)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MAQ - MACQUARIE TECHNOLOGY GROUP LIMITED

FNArena Sector : Telecommunication

Year End: June

GICS Industry Group : Telecommunication Services

Debt/EBITDA: 0.35

Index: ASX200 | ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$62.86 31 Mar 2025	-1.670 OPEN $63.71	-2.59% HIGH $63.81	40,709 LOW $62.80

TARGET

$100.00

59.1% upside

Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . FSG . HTA . SLC . SPK . ST1 . TLS . TPG . TPG . TUA .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	134.7	136.0	xxx
DPS (cps)	xxx	0.0	0.0	xxx
EPS Growth	xxx	64.7%	1.0%	xxx
DPS Growth	xxx	N/A	N/A	xxx
PE Ratio	xxx	N/A	46.5	xxx
Dividend Yield	xxx	N/A	0.0%	xxx
Div Pay Ratio(%)	xxx	N/A	N/A	xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	134.7
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	363.3 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	1,766.3
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	109.4 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	9.08 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	8.52 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	7.05 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	5.36 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	8.52 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	10.80 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-27.3 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	4 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	35 M
Total Debt	xxx	xxx	xxx	xxx	xxx	39 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	115 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	5.35

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	145.9 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	40.16 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	260 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	52 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	0 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Morgan Stanley	28/02/2025	1	Overweight	$100.00	59.08%	Macquarie Technology delivered first half earnings labeled as "mixed", but largely met Morgan Stanley's expectations, providing full year guidance of $112-115m in EBITDA for the first time. The broker notes a strong track record of managing the portfolio to achieve consistent profit and cash flow. The company expects flat CS&G margins in the second half and the impact of US tech vendor price rises starting to ease in FY26. The business remains committed to a significant data centres development pipeline guiding to -$120-135m in capital expenditure in FY25. Morgan Stanley concludes the first half is supportive of a positive investment thesis and makes no change to its Overweight rating and $100 Target. Industry view is Attractive. FORECAST Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 136.00 cents. Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 163.00 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Morgan Stanley

28/02/2025

Overweight

$100.00

59.08%

Macquarie Technology delivered first half earnings labeled as "mixed", but largely met Morgan Stanley's expectations, providing full year guidance of $112-115m in EBITDA for the first time.

The broker notes a strong track record of managing the portfolio to achieve consistent profit and cash flow.

The company expects flat CS&G margins in the second half and the impact of US tech vendor price rises starting to ease in FY26.

The business remains committed to a significant data centres development pipeline guiding to -$120-135m in capital expenditure in FY25.

Morgan Stanley concludes the first half is supportive of a positive investment thesis and makes no change to its Overweight rating and $100 Target. Industry view is Attractive.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 136.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 163.00 cents.

Access Stockbroker Research History >

EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Petra Capital	xx/xx/xxxx	1	xxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Goldman Sachs	xx/xx/xxxx	3	xxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial
Canaccord Genuity	05/03/2025	1	Buy	$116.00	84.54%	Macquarie Technology delivered first half EBITDA that was consistent with AGM commentary for a flat result, Canaccord Genuity notes. While cost pressures affected cloud services and government segments, both are expected to ease as FY26 nears. The broker notes construction of IC 32 Super West is ramping up with -$39m in capital expenditure in the first half and a big uplift guided for the second. Phase I is expected to be finished by the end of the third quarter in 2026. Buy. Target is $116. FORECAST Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 150.00 cents. Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 123.00 cents.
Wilsons	xx/xx/xxxx	1	xxxxxxxxxx	$xx.xx	xx.xx%	Broker commentary and detailed analysis is available for Full Members Only. Login above or Get a Free Trial

Access Extra Coverage Research History >

MAQ STOCK CHART

FNArena News on MAQ

1	Australian Broker Call Extra Edition – Mar 27, 2025 Mar 27 2025 - Daily Market Reports

2	The GenAI Arms Race Is Just Getting Started Mar 19 2025 - International

3	Australian Broker Call Extra Edition – Mar 06, 2025 Mar 06 2025 - Daily Market Reports

4	Australian Broker Call Extra Edition – Mar 05, 2025 Mar 05 2025 - Daily Market Reports

5	FNArena Corporate Results Monitor – 28-02-2025 Feb 28 2025 - Australia

Latest Telecommunication News

1	TPG Telecom Pins Hopes On 2025 Mar 06 2025 - Small Caps

2	Telstra Now Offering Dividends Plus Buybacks Feb 26 2025 - Australia

3	Goldman’s Contrarian View On Telco Challengers Dec 17 2024 - Small Caps

4	In Brief: Superloop, Qantas, Jumbo, Qualitas & GQG Nov 29 2024 - Weekly Reports

5	Tuas’ Simba Roars Above Competitors Sep 26 2024 - Small Caps

6	Gen.Ai Update: Bubble-licious Or Not? Sep 11 2024 - International

7	Macquarie Technology: Just A Flesh Wound Sep 05 2024 - Small Caps

8	Strong Growth Underpins Superloop Optimism Jul 04 2024 - Small Caps

9	Is Telstra’s Dividend Outlook At Risk? May 29 2024 - Australia

10	Weekly Ratings, Targets, Forecast Changes – 15-03-24 Mar 18 2024 - Weekly Reports

Dividend Yield Today On Last Actual Payout :	0.00
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
This Year
Year 1
Year 2
Year 3
Year 4
Year

1	Australian Broker Call Extra Edition – Mar 27, 2025 Mar 27 2025 - Daily Market Reports

2	The GenAI Arms Race Is Just Getting Started Mar 19 2025 - International

3	Australian Broker Call Extra Edition – Mar 06, 2025 Mar 06 2025 - Daily Market Reports

4	Australian Broker Call Extra Edition – Mar 05, 2025 Mar 05 2025 - Daily Market Reports

5	FNArena Corporate Results Monitor – 28-02-2025 Feb 28 2025 - Australia

Get 2 Weeks free trial

Sign Up

Member Login

MACQUARIE TECHNOLOGY GROUP LIMITED (MAQ)
Share Price Analysis and Chart