MEGAPORT LIMITED (MP1)
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MP1

MP1 - MEGAPORT LIMITED

FNArena Sector : Cloud services
Year End: June
GICS Industry Group : Software & Services
Debt/EBITDA: 0.38
Index: ASX200 | ASX300 | ALL-ORDS | ALL-TECH

Megaport is an Australian technology company providing Elastic Interconnection services using Software Defined Networking to connect customers to cloud services and third party data centres worldwide. Megaport was founded in 2013 and listed in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$10.01

14 Apr
2025

0.060

OPEN

$10.00

0.60%

HIGH

$10.14

507,550

LOW

$9.88

TARGET
$11.217 12.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . BTH . DGT . DSE . DUB . DUG . ERD . FCL . FCT . GDC . MAQ . NXT . RCL . SDR . TNE . WTC . XPN .
FNARENA'S MARKET CONSENSUS FORECASTS
MP1: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 6.0 10.3 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A 70.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 97.0 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx6.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx195.3 M
Book Value Per Share xxxxxxxxxxxxxxx96.6
Net Operating Cash Flow xxxxxxxxxxxxxxx50.2 M
Net Profit Margin xxxxxxxxxxxxxxx4.92 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx6.81 %
Return on Invested Capital xxxxxxxxxxxxxxx6.47 %
Return on Assets xxxxxxxxxxxxxxx4.61 %
Return on Equity xxxxxxxxxxxxxxx6.81 %
Return on Total Capital xxxxxxxxxxxxxxx2.91 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx39.6 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 xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx6 M
Total Debt xxxxxxxxxxxxxxx16 M
Goodwill - Gross xxxxxxxxxxxxxxx22 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx72 M
Price To Book Value xxxxxxxxxxxxxxx11.61

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx19.9 M
Capex % of Sales xxxxxxxxxxxxxxx10.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx155 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 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

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

21/02/2025

3

Equal-weight

$10.00

-0.10%

Megaport's first half result, in an initial view, met expectations. An improvement in annual recurring revenue versus expectations is key in Morgan Stanley's view and should de-risk consensus revenue growth estimates of 12% for FY26.

The broker finds the valuation attractive versus peers but prefers other software names that are generating more than 20% EBITDA growth and stronger market leadership.

Equal-weight. Target $10. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 15.00 cents.
Morgan Stanley forecasts a full year FY26 EPS of 22.00 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Jarden

xx/xx/xxxx

2

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

26/02/2025

3

Neutral

$9.50

-5.09%

Megaport's 1H25 sales were in line with Goldman Sachs' forecast but EBITDA missed by -24%. The broker is focusing on improved customer/port growth, with a material acceleration seen in 2Q.

The broker also notes net revenue retention improved to 107% from 106% in June, which is considered a good sign in the context of declines since June 2023 when it was 115%.

Higher than expected costs drove the EBITDA miss, resulting in the analyst lowering forecasts by -12-14% for FY25-27. Revenue forecasts were revised higher on the back of a small uplift in the company's guidance. 

Target price rises to $9.5 from $8.0 on increase in multiple to 27x from 20x on a stronger outlook. Neutral maintained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.00 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

MP1 STOCK CHART

FNArena News on MP1

1
Australian Broker Call *Extra* Edition – Apr 03, 2025

Apr 03 2025 - Daily Market Reports
2
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4
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Mar 21 2025 - Weekly Reports
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Mar 20 2025 - Rudi's View

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