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

$15.96

27 Oct
2025

0.650

OPEN

$15.36

4.25%

HIGH

$16.13

619,334

LOW

$15.35

TARGET
$14.65 -8.2% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
MP1: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 0.2 - 4.7 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 © 2025 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
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
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

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

22/08/2025

3

Neutral

$15.70

-1.63%

Megaport reported some impressive metrics and initiatives around filling the top of the sales funnel, UBS suggests. Given the scope of the opportunity, management is doubling down, with a 50% uplift in opex flagged for FY26 to drive incremental sales and products.

UBS understands the strategic rationale. The small issue for the broker was again the lack of net recurring revenue reacceleration.

Given the strength in revenue from new products, UBS would have expected at least some shift, albeit recognising that a reasonable portion of this looks skewed to new customers.

UBS likes the cloud/AI structural thematics, and walks away more positive on the medium to long term, but wants to do more work around the scope and timing of the benefit, combined with the operational leverage available further out.

Neutral. Target rises to $15.70 from $12.00.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.00 cents.
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxxxxxxx xx xxxx 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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

25/08/2025

1

Buy

$16.75

4.95%

Canaccord Genuity notes Megaport's FY26 guidance was viewed as disappointing but that changed after the CEO unveiled high-conviction long-term growth strategy. 

FY26 is expected to be a final year of reset before growth acceleration from FY27 from fast-growing demand for connectivity/networking. 

New products are expected to expand the total addressable market, improving net revenue retention.The company's annual recurring revenue goal is for over $1bn in 7 years from $244m in FY25.

The broker lifted FY26 revenue growth by 4% but underlying EBITDA by -33% on higher opex.

Buy. Target rises to $16.75 from $12.60 on valuation changes.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.30 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 10.90 cents.
Access Extra Coverage Research History >

MP1 STOCK CHART

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