AUDINATE GROUP LIMITED (AD8)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

AD8

AD8 - AUDINATE GROUP LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 0.17
Index: ASX200 | 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

$7.50

07 Mar
2025

-0.540

OPEN

$7.98

-6.72%

HIGH

$8.03

370,607

LOW

$7.50

TARGET
$10.013 33.5% upside
OTHER COMPANIES IN THE SAME SECTOR
4DS . AKP . AVA . BLG . CDA . CYG . DDR . DRO . EOS . HTG . IKE . SEN . SLX . SPZ . TZL . WBT .
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 xxxxxxxxxxxxxxx12.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx91.5 M
Book Value Per Share xxxxxxxxxxxxxxx205.1
Net Operating Cash Flow xxxxxxxxxxxxxxx25.4 M
Net Profit Margin xxxxxxxxxxxxxxx11.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.85 %
Return on Invested Capital xxxxxxxxxxxxxxx7.73 %
Return on Assets xxxxxxxxxxxxxxx6.91 %
Return on Equity xxxxxxxxxxxxxxx7.85 %
Return on Total Capital xxxxxxxxxxxxxxx6.19 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx24.6 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx9 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx117 M
Price To Book Value xxxxxxxxxxxxxxx7.72

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx14.9 M
Capex % of Sales xxxxxxxxxxxxxxx16.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx70 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx13 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

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

18/02/2025

1

Overweight

$11.00

46.67%

Morgan Stanley believes the 1H25 result from Audinate Group confirms that the growth headwinds the company has experienced are cyclical, with underlying growth trends remaining in place.

The results were stronger than expected and suggested to the broker that the most adverse impacts from de-stocking are now in the rearview mirror.

Positively, software unit growth advanced 31%, supporting the broker's view of the company's competitive position, and the balance sheet remains robust with $111m in cash.

Morgan Stanley's upgraded earnings estimates infer a compound average growth rate of around 22% for FY25-FY28.

Target price rises to $11 from $9. Overweight rating retained. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -13.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -8.00 cents.

Shaw and Partners

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

Moelis

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

28/10/2024

1

Buy

$10.50

40.00%

Audinate held its AGM, where it delivered a 1Q25 trading update showing softer-than-expected performance. Canaccord Genuity highlights gross profit for 1Q25 came in at US$7.2m/A$10.6m, representing a -35-40% reduction year-on-year.

Not surprising, management at the company revised its FY25 expectations downward, citing ongoing headwinds into 2Q25. Full-year gross profit is now expected to be approximately $45m, down from $68m previously.

Cost growth is projected at 7-9% for FY25, with EBITDA only modestly positive. As a result, the broker lowered its price target to $10.50 from $12.00, while maintaining a Buy rating. Financial forecasts for FY25-27 have been significantly reduced.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 9.00 cents.
Access Extra Coverage Research History >

AD8 STOCK CHART

FNArena News on AD8

1
Rudi’s View: February’s Reality Check

Mar 05 2025 - Rudi's View
2
Rudi’s View: More Beats In Early Feb Results

Feb 19 2025 - Rudi's View
3
FNArena Corporate Results Monitor – 18-02-2025

Feb 18 2025 - Australia
4
Australian Broker Call *Extra* Edition – Feb 18, 2025

Feb 18 2025 - Daily Market Reports
5
Rudi’s View: Confidence In Quality Rewarded

Nov 27 2024 - Rudi's View

Latest Hardware & Equipment News

1
In Brief: Dicker Data, Light & Wonder, Codan

Dec 20 2024 - Weekly Reports
2
Dicker Data’s Pick And Shovel AI Strategy 

Dec 03 2024 - Small Caps
3
Audinate’s Recurring Revenue Opportunity

Oct 08 2024 - Small Caps
4
Dicker Data Preps For PC Refresh Cycle Upswing

Sep 17 2024 - Small Caps
5
In Brief: Audinate, BlueScope & Nuix For Gen.Ai

Aug 23 2024 - Weekly Reports
6
First Shock Of The Season, What’s Next Audinate?

Aug 12 2024 - Australia
7
Codan’s Communication Upside

Jun 18 2024 - Small Caps
8
And Now For Something Different: Royalties

Apr 02 2024 - Small Caps
9
Dicker Data Still PC

Mar 07 2024 - Small Caps
10
ESG Focus: The Little Big Things – 06-03-2024

Mar 07 2024 - ESG Focus