MACQUARIE TECHNOLOGY GROUP LIMITED (MAQ)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MAQ - MACQUARIE TECHNOLOGY GROUP LIMITED

FNArena Sector : Telecommunication
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 0.35
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$90.34

13 Nov
2024

0.570

OPEN

$90.00

0.63%

HIGH

$90.96

45,020

LOW

$89.26

TARGET
$100.00 10.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
5GG . 5GN . ABB . CNU . ESK . FSG . HTA . SLC . SPK . ST1 . TLS . TPG . TPG . TUA .
FNARENA'S MARKET CONSENSUS FORECASTS
MAQ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 134.7 136.0 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 64.7% 1.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 66.0 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

Last ex-div: 27/09 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx134.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx363.3 M
Book Value Per Share xxxxxxxxxxxxxxx1,766.3
Net Operating Cash Flow xxxxxxxxxxxxxxx109.4 M
Net Profit Margin xxxxxxxxxxxxxxx9.08 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx8.52 %
Return on Invested Capital xxxxxxxxxxxxxxx7.05 %
Return on Assets xxxxxxxxxxxxxxx5.36 %
Return on Equity xxxxxxxxxxxxxxx8.52 %
Return on Total Capital xxxxxxxxxxxxxxx10.80 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-27.3 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 xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx35 M
Total Debt xxxxxxxxxxxxxxx39 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx115 M
Price To Book Value xxxxxxxxxxxxxxx5.35

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx145.9 M
Capex % of Sales xxxxxxxxxxxxxxx40.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx260 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx52 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

02/09/2024

1

Overweight

$100.00

10.69%

Macquarie Technology reported FY24 earnings which met Morgan Stanley's expectations and consensus.

The broker emphasises FY25 guidance is the first outlook statement which is more "cautious" on EBITDA growth, due to larger than anticipated price increases in software used in Cloud and Government.

Management remains committed to the data centre development pipeline with -$100m-$300m in capex expected in FY25.

Morgan Stanley believes Macquarie Technology has a more 'measured" construction pipeline compared to NextDC ((NXT)) as it does not have the landbank.

No change to Overweight rating and $100 Target. Industry view is Attractive.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 136.00 cents.
Morgan Stanley forecasts a full year FY26 dividend of 0.00 cents and EPS of 163.00 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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

Goldman Sachs

04/09/2024

3

Neutral

$84.90

-6.02%

Goldman Sachs observes the FY24 result from Macquarie Technology shows an inability in the CS&G outlook to pass through pricing to government customers in the short term while higher prices for private sector customers have driven slower decision-making.

The broker reduces FY25 at FY26 segment EBITDA by -14% and -19% and group EBITDA by -8% and -10%, respectively.

The company has flagged robust underlying customer demand, although working through new contract terms could take some time.

Goldman Sachs retains a Neutral rating, noting the business is executing well on its data centres ambitions but lacks near-term earnings growth. Target is reduced to $84.90 from $90.20.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 141.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 134.00 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

MAQ STOCK CHART

FNArena News on MAQ

1
Australian Broker Call *Extra* Edition – Nov 13, 2024

Nov 13 2024 - Daily Market Reports
2
Rudi’s View: Trump Returns, What Now?

Nov 07 2024 - Rudi's View
3
Rudi’s View: US Earnings & The Election

Oct 31 2024 - Rudi's View
4
In Brief: SKS Tech, Pro Medicus, Domino’s & Co

Oct 11 2024 - Weekly Reports
5
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-09-24

Sep 27 2024 - Weekly Reports

Latest Telecommunication News

1
Tuas’ Simba Roars Above Competitors

Sep 26 2024 - Small Caps
2
Gen.Ai Update: Bubble-licious Or Not?

Sep 11 2024 - International
3
Macquarie Technology: Just A Flesh Wound

Sep 05 2024 - Small Caps
4
Strong Growth Underpins Superloop Optimism

Jul 04 2024 - Small Caps
5
Is Telstra’s Dividend Outlook At Risk?

May 29 2024 - Australia
6
Weekly Ratings, Targets, Forecast Changes – 15-03-24

Mar 18 2024 - Weekly Reports
7
Cloud And AI Trends Buoy Macquarie Technology

Jun 22 2023 - Small Caps
8
Treasure Chest: Tide Turns For Telstra?

Apr 27 2023 - Treasure Chest
9
Cybersecurity On The ASX

Apr 11 2023 - Small Caps
10
Mobile Momentum Drives Telstra

Feb 20 2023 - Australia