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: 0.66
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

$8.08

03 Mar
2026

-0.230

OPEN

$8.48

-2.77%

HIGH

$8.63

1,066,940

LOW

$7.93

TARGET
$16.13 99.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
3DP . AIM . DGT . DGT . DUB . DUG . DXN . ERD . FCL . FCT . IFT . IOD . MAQ . NXT . RCL . SDR . TNE . WTC . XPN .
FNARENA'S MARKET CONSENSUS FORECASTS
MP1: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 0.2 - 1.7 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A 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 © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-0.2
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx227.1 M
Book Value Per Share xxxxxxxxxxxxxxx111.1
Net Operating Cash Flow xxxxxxxxxxxxxxx66.6 M
Net Profit Margin xxxxxxxxxxxxxxx-0.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-0.18 %
Return on Invested Capital xxxxxxxxxxxxxxx-0.17 %
Return on Assets xxxxxxxxxxxxxxx-0.12 %
Return on Equity xxxxxxxxxxxxxxx-0.18 %
Return on Total Capital xxxxxxxxxxxxxxx-0.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx45.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx13 M
Total Debt xxxxxxxxxxxxxxx28 M
Goodwill - Gross xxxxxxxxxxxxxxx22 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx102 M
Price To Book Value xxxxxxxxxxxxxxx12.99

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx34.3 M
Capex % of Sales xxxxxxxxxxxxxxx15.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx203 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx25 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
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Sentiment Indicator

0.8

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

24/02/2026

1

Outperform

$23.30

188.37%

Macquarie has retained an Outperform rating and increased its target price to $23.30 from $21.70 following Megaport’s 1H26 update, arguing FX is the only material top line headwind while underlying unit economics continue to strengthen.

Total ARR rose 49% year on year to $338m, with core ARR up 19% in constant currency and North American ARR growth of 24% in constant currency, while NRR improved to 111% and LTV increased 57% to $2.5bn, supporting management’s capital allocation strategy.

The broker acknowledges guidance implies around -$22m of additional core cost growth in 2H26 and Latitude margin contraction to circa 44%, but expects earnings (EBITDA) margin to expand to around 26% in FY27 as investment drives operating leverage.

Macquarie's FY26 EPS forecast falls by -26% but FY27 rises by 6% due higher opex, lower capex and FX assumptions.

The analyst argues the stock remains too cheap at around 13x NTM EBITDA given structural growth, AI exposure and improving churn, and maintains its positive stance.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.40 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of 13.30 cents.

UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

17/11/2025

1

Buy

$17.63

118.19%

Jarden views Megaport’s acquisition of Latitude.sh as strategically sound, reinforcing its Buy rating and underscoring upside potential.

Entry into Compute-as-a-Service expands Megaport’s addressable market, adding high-margin optionality despite greater capital intensity, explain the analysts.

The broker highlights 1Q26 annual recurring revenue growth of 19% year-on-year and net revenue retention of 109%, with new products and reinvestment in sales supporting continued momentum.

Jarden raises its FY26-28 earnings (EBITDA) forecasts by up to 38% to reflect the acquisition and India expansion. Target increases to $17.63 from $16.77. Buy rating retained.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 9.50 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 24.20 cents.
Access Extra Coverage Research History >

MP1 STOCK CHART

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1
Weekly Ratings, Targets, Forecast Changes – 27-02-26

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2
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Feb 23 2026 - Australia
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Feb 11 2026 - Rudi's View
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Jan 22 2026 - Rudi's View

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