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: 11.66
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

$2.80

05 Mar
2026

0.020

OPEN

$2.82

0.72%

HIGH

$2.87

438,878

LOW

$2.78

TARGET
$4.767 70.2% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
AD8: 1
Title FY24
Actual
FY25
Actual
FY26
Forecast
FY27
Forecast
EPS (cps) xxx - 7.7 - 19.4 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-7.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx62.1 M
Book Value Per Share xxxxxxxxxxxxxxx198.3
Net Operating Cash Flow xxxxxxxxxxxxxxx7.5 M
Net Profit Margin xxxxxxxxxxxxxxx-10.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-3.80 %
Return on Invested Capital xxxxxxxxxxxxxxx-3.76 %
Return on Assets xxxxxxxxxxxxxxx-3.43 %
Return on Equity xxxxxxxxxxxxxxx-3.80 %
Return on Total Capital xxxxxxxxxxxxxxx-9.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx6.1 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx10 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx110 M
Price To Book Value xxxxxxxxxxxxxxx3.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx13.3 M
Capex % of Sales xxxxxxxxxxxxxxx21.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx63 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx15 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

17/02/2026

1

Buy

$6.10

117.86%

Audinate Group’s 1H26 result demonstrated a return to gross profit growth, albeit UBS would argue compositionally lower quality versus history, but given the concerns of a potential impact from US tariffs, an in-line US$ gross profit result was arguably a positive.

Management noted inventory headwinds have largely passed and forward orders support the FY26 USD gross profit growth guide of 13-15%, although market conditions remain subdued.

Post Iris acquisition, Audinate has pivoted from the original video strategy and adjusted cost reinvestment. If profit growth doesn’t reaccelerate, UBS thinks more cost containment would be well received. UBS is of the view that the core business is not impacted by AI.

Target falls to $6.10 from $7.10, Buy retained.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -21.00 cents.
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -18.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

1

xxx

$xx.xx

xx.xx%

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Shaw and Partners

17/02/2026

1

Upgrade to Buy from Hold

$4.90

75.00%

Shaw and Partners highlights Audinate Group needs to accelerate platform growth to cover the investments being undertaken, with the company reporting 1H26 topline growth of 12% and FY26 guided cost growth of 20% versus 25%, previously.

US gross profit rose 12% y/y, reflecting a return to growth and was broadly in line with the analyst's forecast, and a move back to profit growth is viewed positively after two consecutive halves of negative growth.

Management retained FY26 guidance for US gross profit growth between 13-15% and gross margin around 82% in line with FY25, and opex up 20%, with free cash flow flagged to be negative again due to the Iris purchase and investments.

The broker upgrades the stock to Buy from Hold and reiterates a $4.90 target price.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -18.30 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -14.90 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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AD8 STOCK CHART