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: 0.17
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

$7.06

19 Jun
2025

-0.050

OPEN

$7.15

-0.70%

HIGH

$7.15

101,365

LOW

$6.94

TARGET
$9.413 33.3% upside
OTHER COMPANIES IN THE SAME SECTOR
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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

0.0

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

18/02/2025

1

Overweight

$11.00

55.81%

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%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

18/02/2025

3

Hold

$10.27

45.47%

Moelis notes Audinate Group's 1H25 result indicated improved momentum in the second quarter on higher gross margin and operating cost management plus currency tailwind.

The company expects moderate improvement from 1Q to 2Q FY25 to persist into 2H. The broker reckons this provides an encouraging sign Audinate's volume growth can return to its longer-term trend.

The broker raised the gross profit estimate for FY25 to $49.7m from $47.6m, which combined with lower cost growth resulted in an upgrade to FY25's net loss estimate.

The broker also revised longer-term estimates to account for higher margins, which pushed target price higher to $10.27 from $9.45. Hold rating retained.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -9.00 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.30 cents.
Access Extra Coverage Research History >

AD8 STOCK CHART

FNArena News on AD8

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