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

$3.03

26 Feb
2026

-0.020

OPEN

$3.04

-0.66%

HIGH

$3.09

574,637

LOW

$2.95

TARGET
$4.80 58.4% 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 - 19.1 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

0.5

No. Of Recommendations

4
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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

17/02/2026

3

Equal-weight

$5.00

65.02%

Audinate Group generated interim revenue of US$21.1m, slightly below consensus, while gross profit met expectations, highlights Morgan Stanley. The latter reflects a healthier mix-driven growth toward software, explain the analysts.

Negative earnings (EBITDA) of -$2.3m were close to the consensus forecasts, with cash burn of -$9m and $71m cash supporting the business runway, in the broker's view.

FY26 gross profit growth guidance of 13-15% exceeded the consensus forecast.

Stronger 2H acceleration, backed by forward orders and product ramps, supports recovery, the analysts suggest, alongside moderated opex growth after restructuring.

Equal-weight. Target $5.00. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -18.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -15.00 cents.

Shaw and Partners

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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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

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

11/12/2025

1

Buy

$8.50

180.53%

Audinate Group launched IRIS Studio, a cloud SaaS for remote camera/AV control, acquired in June for US$28m. It expands the company from hardware/audio networking into distributed, AI-enabled production and a much larger addressable market.

Canaccord Genuity highlights target markets include sports broadcast, education, enterprise/government and remote events. Benefits include lower labour costs, easy interoperability, strong UX, and first-mover integrations with 14 PTZ (Pan-Tilt-Zoom) camera OEMs (original equipment manufacturers).

The broker notes IRIS is expected to generate over US$1m in 2H26 and could become a material FY27 revenue driver, especially if integrated across Audinate's large Dante installed base.

Buy retained and target unchanged at $8.50. The broker believes an estimated FY26 EV/Revenue multiple of 4x undervalues the company, given its market-leading position and newly launched product lines.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -10.90 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -6.40 cents.

AD8 STOCK CHART