MACQUARIE TECHNOLOGY GROUP LIMITED (MAQ)
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MAQ - MACQUARIE TECHNOLOGY GROUP LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 0.35
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$77.43

12 Sep
2024

-0.140

OPEN

$77.89

-0.18%

HIGH

$78.15

54,856

LOW

$76.96

TARGET
$100.00 29.1% 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
MAQ: 1
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 57.7 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

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
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 © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx134.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx363.3 M
Book Value Per Share xxxxxxxxxxxxxxx1,766.3
Net Operating Cash Flow xxxxxxxxxxxxxxx109.4 M
Net Profit Margin xxxxxxxxxxxxxxx9.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.52 %
Return on Invested Capital xxxxxxxxxxxxxxx7.05 %
Return on Assets xxxxxxxxxxxxxxx5.36 %
Return on Equity xxxxxxxxxxxxxxx8.52 %
Return on Total Capital xxxxxxxxxxxxxxx10.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-27.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx35 M
Total Debt xxxxxxxxxxxxxxx39 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx115 M
Price To Book Value xxxxxxxxxxxxxxx5.35

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx145.9 M
Capex % of Sales xxxxxxxxxxxxxxx40.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx260 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx52 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

02/09/2024

1

Overweight

$100.00

29.15%

Macquarie Technology reported FY24 earnings which met Morgan Stanley's expectations and consensus.

The broker emphasises FY25 guidance is the first outlook statement which is more "cautious" on EBITDA growth, due to larger than anticipated price increases in software used in Cloud and Government.

Management remains committed to the data centre development pipeline with -$100m-$300m in capex expected in FY25.

Morgan Stanley believes Macquarie Technology has a more 'measured" construction pipeline compared to NextDC ((NXT)) as it does not have the landbank.

No change to 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

4

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

04/09/2024

1

Buy

$116.00

49.81%

Despite an in-line result from Macquarie Technology, guidance had a "sting in the tail", Canaccord Genuity notes, which conspired with a soft overseas stock performance in the tech sector to send the shares -6% lower.

While the broker does not underplay the significance of earnings downgrades, the main game is the IC3 Super West data centre for which plans remain on track and are even more expansive with the company confirming  plans to seek approvals to increase capacity.

Canaccord retains Buy with a target cut to $116 from $118 on lower estimates for FY25 and FY26.

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.

Petra Capital

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

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