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

$4.51

05 Dec
2025

0.250

OPEN

$4.34

5.87%

HIGH

$4.62

331,449

LOW

$4.34

TARGET
$5.325 18.1% 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 - 19.9 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 © 2025 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

0.0

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Macquarie

19/08/2025

5

Underperform

$4.30

-4.66%

After two downgrades and with expectations still resetting, Macquarie sees little evidence of a near-term recovery for Audinate Group.

Following FY25 results, the broker explains revenues remain largely non-recurring, the business continues to burn cash, and financial delivery in Video has been limited to date.

The group incurred a -$15m loss for FY25, around -90% below consensus, as weaker Video performance offset benefits from tax and interest income.

Medium-term growth has been rebased by management to two-to-three times market growth, reducing the five-year forward gross profit compound annual growth rate (CAGR) midpoint by -7.7% to 9.75%.

Macquarie cuts its FY26-29 EPS forecasts heavily, by between -830% and -180%, reflecting weaker growth prospects and higher reinvestment needs. The broker lowers its target price by -$2.00 to $4.30 and retains an Underperform rating.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -21.90 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -22.00 cents.

Shaw and Partners

xx/xx/xxxx

3

xxxx, 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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

18/08/2025

1

Buy

$9.43

109.09%

Following a "noisy" FY25 result from Audinate, Moelis highlights the growth of Dante-enabled devices and sustained underlying demand for Audinate’s networking solution.

Commentary states the outlook for FY26 clearly communicated a willingness to invest ahead of an ambitious growth strategy.

But a 25% increase in guided FY26 costs well exceeds Moelis' forecast of 16.5%. Audinate aims to deliver value to end customers by creating efficiencies through software-enabled definition and control of large, distributed AV networks, the report stipulates.

At this stage of strategic evolution, Moelis suggests, profit maximisation is not the primary goal.

Guidance is for 13-15% profit growth, down from 21% in 2H25, but it is rare to find an ASX-listed small company with a global leadership position, Moelis notes, that consistently delivers double-digit topline growth.

The broker recently raised its rating to Buy, where it remains. Target $9.43, down from $9.86.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -14.70 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -6.70 cents.
Access Extra Coverage Research History >

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