MACQUARIE TECHNOLOGY GROUP LIMITED (MAQ)
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MAQ

MAQ - MACQUARIE TECHNOLOGY GROUP LIMITED

FNArena Sector : Cloud services
Year End: June
GICS Industry Group : Telecommunication Services
Debt/EBITDA: 0.32
Index: ASX300 | ALL-ORDS | ALL-TECH

LAST PRICE CHANGE +/- CHANGE % VOLUME

$70.62

25 Jun
2026

-3.650

OPEN

$75.00

-4.91%

HIGH

$75.00

27,464

LOW

$70.12

TARGET
$82.00

-3.44 change from previous day

 16.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
MAQ: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 124.6 88.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 7.9% - 28.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 52.2 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-div 25c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx124.6
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx390.0 M
Book Value Per Share xxxxxxxxxxxxxxx2,405.6
Net Operating Cash Flow xxxxxxxxxxxxxxx84.1 M
Net Profit Margin xxxxxxxxxxxxxxx8.24 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx5.80 %
Return on Invested Capital xxxxxxxxxxxxxxx5.49 %
Return on Assets xxxxxxxxxxxxxxx3.93 %
Return on Equity xxxxxxxxxxxxxxx5.80 %
Return on Total Capital xxxxxxxxxxxxxxx9.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-142.3 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx32 M
Total Debt xxxxxxxxxxxxxxx36 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx5 M
Price To Book Value xxxxxxxxxxxxxxx2.91

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx237.2 M
Capex % of Sales xxxxxxxxxxxxxxx60.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx274 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx58 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

20/04/2026

1

Overweight

$82.00

16.11%

Morgan Stanley believes consensus is under appreciating the structural growth in demand for cloud services, compute power, and AI models over the next one to five years.

The market is not fully discounting the potential demand for data centre capacity. For Australia, the analyst forecasts the data centre market to grow to around 3,700MW by 2030 from circa 1,500MW currently, an 18% CAGR, with a bull case at 27% CAGR and a bear case at 11% CAGR.

The analyst notes Macquarie Technology's installed capacity is around 1.5% of Australia's market and forecasts its capacity to grow to around 150MW by FY30, or a circa 6% market share.

Australia is viewed as being able to power the data centre growth, going to 6% of total electricity generation in 2030 from 2% currently.

Target price trimmed to $82 from $83. Overweight maintained. Industry view is Attractive. Morgan Stanley believes the stock can re-rate up to 20x from circa 15x FY27 EV/EBITDA if it can achieve an earnings (EBITDA) forecast CAGR of 15%-20%.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 134.00 cents.
Morgan Stanley forecasts a full year FY27 EPS of 126.00 cents.
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EXTRA COVERAGE
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No. Of Recommendations

0

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
Access Extra Coverage Research History >

MAQ STOCK CHART

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