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: 1.29
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$90.40

02 Jul
2024

-0.890

OPEN

$91.19

-0.97%

HIGH

$91.19

26,689

LOW

$89.89

TARGET
$100.00 10.6% 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 FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 81.8 106.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 30.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 86.3 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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx81.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx345.1 M
Book Value Per Share xxxxxxxxxxxxxxx1,310.3
Net Operating Cash Flow xxxxxxxxxxxxxxx96.1 M
Net Profit Margin xxxxxxxxxxxxxxx5.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx7.61 %
Return on Invested Capital xxxxxxxxxxxxxxx4.22 %
Return on Assets xxxxxxxxxxxxxxx3.33 %
Return on Equity xxxxxxxxxxxxxxx7.61 %
Return on Total Capital xxxxxxxxxxxxxxx8.98 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx39.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx127 M
Total Debt xxxxxxxxxxxxxxx133 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx59 M
Price To Book Value xxxxxxxxxxxxxxx5.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx65.8 M
Capex % of Sales xxxxxxxxxxxxxxx19.07 %
Cost of Goods Sold xxxxxxxxxxxxxxx255 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

06/05/2024

1

Overweight

$100.00

10.62%

Following a review of the data centre industry in Australia, Morgan Stanley believes Macquarie Technology's assets are undervalued both financially and strategically. It's felt the company provides a differentiated way to play the structural tailwinds from AI.

While Macquarie Technology is not a pure play, and lacks the land bank of peer NextDC, the requirement for capital is less as the construction pipeline is relatively more measured, explain the analysts.

Outside of data centres, the remaining assets of Macquarie Technology have a positive structural outlook, highlights Morgan Stanley. The largest earnings (EBITDA) contribution (around 50%) comes from the cloud and government business.

The broker observes Macquarie Technology has not experienced the same share price rally as peers in the space and maintains an Overweight rating. Target $100. Industry view is Attractive.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of 106.90 cents.
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 119.10 cents.
Access Stockbroker Research History >

MAQ STOCK CHART

FNArena News on MAQ

1
Australian Broker Call *Extra* Edition – Jun 24, 2024

Jun 24 2024 - Daily Market Reports
2
ESG Focus: Do Data Centres Threaten ESG Targets?

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May 31 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – May 28, 2024

May 28 2024 - Daily Market Reports

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