MEGAPORT LIMITED (MP1)
Share Price Analysis and Chart

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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

$7.31

20 Dec
2024

-0.140

OPEN

$7.57

-1.88%

HIGH

$7.68

5,031,599

LOW

$7.31

TARGET
$11.317 54.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . BTH . 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 14.8 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 49.4 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 © 2024 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

0.5

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

25/11/2024

3

Neutral

$8.65

18.33%

Following UBS's initial response to Megaport's AGM trading update, the broker emphasises the need for tangible evidence of an improved financial outlook before incorporating higher revenue growth assumptions into forecasts.

Management retained FY25 guidance, but a continuation of revenue trends into FY26 represents a downgrade of around -2% at the midpoint, the analyst notes. The growth in headcount in 1Q25 could also impact margin expansion.

UBS lowers the revenue growth forecast for FY26 to 12% from 17%, with most of the decline affecting the bottom line. The broker's EPS forecasts decline by -2% in FY25 and -29% in FY26.

The target price decreases to $8.65 from $10.15. No change to the Neutral rating.

FORECAST
UBS forecasts a full year FY25 dividend of 0.00 cents and EPS of 11.00 cents.
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 15.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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

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

2

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

27/11/2024

1

Buy

$9.45

29.27%

Canaccord Genuity lowers its target price for Megaport to $9.45 from $11.15, citing lower growth expectations. Lower net revenue retention, aligned with industry trends, is identified as a key challenge.

The broker notes early indications from management suggest FY26 revenue growth will align with FY25, with revenue around $243m, representing a miss of approximately -4% against consensus.

The AGM update reaffirmed FY25 guidance, with revenue of $214-222m and earnings (EBITDA) of $57-65m, reflecting 10-14% year-on-year growth.

Canaccord highlights the stock's long-term growth potential and sees value despite the modest revenue revisions, maintaining the Buy rating.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 9.60 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 15.00 cents.
Access Extra Coverage Research History >

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