AUDINATE GROUP LIMITED (AD8)
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AD8

AD8 - AUDINATE GROUP LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 0.17
Index: ASX300 | ALL-ORDS | ALL-TECH

Audinate is a global provider of professional digital audio networking technology. Its Dante platform distributes digital audio and visual signals over computer networks. The company listed in 2017.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.56

07 Aug
2025

0.090

OPEN

$6.47

1.39%

HIGH

$6.63

178,269

LOW

$6.35

TARGET
$9.413 43.5% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
AD8: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 12.5 - 11.2 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 9.1% 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 201920202021202220232024
EPS Basic 1.1-6.2-4.6-5.813.812.5
DPS All 0.00.00.00.00.00.0
Sales/Revenue 28.3 M30.3 M33.4 M46.3 M69.7 M91.5 M
Book Value Per Share 64.061.8103.497.6116.5205.1
Net Operating Cash Flow 3.6 M4.8 M6.7 M1.0 M12.4 M25.4 M
Net Profit Margin 2.34 %-13.65 %-10.31 %-9.63 %15.27 %11.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed 2.15 %-9.96 %-5.70 %-5.78 %12.86 %7.85 %
Return on Invested Capital --9.72 %-5.54 %-5.69 %12.65 %7.73 %
Return on Assets 1.86 %-8.55 %-4.91 %-4.95 %10.80 %6.91 %
Return on Equity 2.15 %-9.96 %-5.70 %-5.78 %12.86 %7.85 %
Return on Total Capital 1.12 %-5.58 %-5.55 %-5.51 %0.51 %6.19 %
Free Cash Flow ex dividends 2.9 M3.9 M6.2 M0.1 M11.2 M24.6 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 0 M1 M1 M1 M1 M1 M
Long Term Debt 0 M2 M1 M1 M2 M2 M
Total Debt 0 M3 M2 M2 M3 M3 M
Goodwill - Gross ---9 M9 M9 M
Cash & Equivalents - Generic 30 M29 M65 M44 M40 M117 M
Price To Book Value 12.498.747.867.737.987.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex 6.5 M8.3 M8.0 M12.1 M15.4 M14.9 M
Capex % of Sales 22.78 %27.40 %24.06 %26.05 %22.04 %16.28 %
Cost of Goods Sold 22 M27 M32 M44 M60 M70 M
Selling, General & Admin. Exp & Other 6 M5 M5 M6 M10 M13 M
Research & Development ------
Investments - Total 0 M0 M0 M0 M0 M0 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

0.0

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

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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Macquarie

13/03/2025

5

Downgrade to Underperform from Neutral

$6.30

-3.96%

Macquarie notes product mix is a material near-term driver for Audinate Group, with embedded software gross profit per unit suggesting headwinds and a recovery in Ultimo diluting revenue drivers.

The broker highlights the company controlled costs in a softer demand environment but the Rule of 40 still declined to -67% in 1H25. The broker expects soft demand to persist.

The broker cut the FY25 EPS forecast by -2% and FY26 by -27%. Target price drops to $6.30 from $8.70, and the rating is downgraded to Underperform from Neutral.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -9.40 cents.
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.40 cents.

Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Moelis

26/06/2025

1

Upgrade to Buy from Hold

$9.86

50.30%

Moelis notes Audinate Group had strong revenue momentum until 2H24, except for a brief interruption during covid, but sales have slowed down sharply in the past 12 months.

Inventory overhang by key clients and US tariffs are adding to the company's uncertain outlook, and two of its Asia-listed partners echoed similar concerns. The broker cut the FY26 revenue forecast down by -5%. 

Rating upgraded to Buy from Hold. Target cut to $9.86 from $10.27.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -9.50 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.30 cents.
Access Extra Coverage Research History >

AD8 STOCK CHART

FNArena News on AD8

1
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View
2
ASX100 vs ASX300: Key Differences And What Investors Should Know

Jun 30 2025 - FYI
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-06-25

Jun 27 2025 - Weekly Reports
4
In Brief: Decidr, Shape, Audinate, Light & Wonder

Jun 27 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Jun 26, 2025

Jun 26 2025 - Daily Market Reports

Latest Hardware & Equipment News

1
Behind The Rally in ASX Defence Stocks

10:32 AM - Australia
2
Australia Has Truly Joined The Data Centre Race

Jul 17 2025 - Australia
3
Rudi’s View: Dicker Data (Stock In Focus)

Jul 02 2025 - Rudi's View
4
Refreshing Outlook For Dicker Data

Mar 27 2025 - Small Caps
5
Codan’s Growing Communications Segment

Mar 13 2025 - Small Caps
6
In Brief: Dicker Data, Light & Wonder, Codan

Dec 20 2024 - Weekly Reports
7
Dicker Data’s Pick And Shovel AI Strategy 

Dec 03 2024 - Small Caps
8
Audinate’s Recurring Revenue Opportunity

Oct 08 2024 - Small Caps
9
Dicker Data Preps For PC Refresh Cycle Upswing

Sep 17 2024 - Small Caps
10
In Brief: Audinate, BlueScope & Nuix For Gen.Ai

Aug 23 2024 - Weekly Reports