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: 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

$2.53

30 Apr
2026

0.080

OPEN

$2.43

3.27%

HIGH

$2.57

201,796

LOW

$2.40

TARGET
$4.10 62.1% 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 - 20.0 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

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

17/02/2026

3

Upgrade to Neutral from Underperform

$3.20

26.48%

There were no real surprises in Audinate Group's result, Macquarie suggests. Iris will burn -$5m of cash in FY26. Without near-term free cash flow generation, stock lacks a catalyst, in the broker's view.

The cost-base reflects a pivot to a longer-term strategy, but this is unproven. However Macquarie thinks the cyclical downgrade cycle is over in the underlying audio business, with this result muted by Iris costs.

Capital raising fears overblown with some eight halves of cash runway. Macquarie upgrades to Neutral from Underperform. Target falls to $3.20 from $4.30.

FORECAST
Macquarie forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -19.10 cents.
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -20.90 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

Shaw and Partners

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Moelis

16/02/2026

1

Buy

$7.08

179.84%

Moelis contends waning market appetite for investment-led growth and technology has weighed on the Audinate Group share price, yet there is a profitable business underneath its growth ambitions.

The company, having warned previously that operating costs will be 25% higher in FY26, is now suggesting this will be more like 20%. Guidance for gross profit growth of 13-15% has been retained and this implies an acceleration in the second half.

The broker calculates the business needs to deliver 17-21% gross profit uplift in the second half to achieve guidance. 

Moelis reduces cost estimates as a result of the update, which in turn generates an upgrade to underlying EBITDA estimates. Buy rating and $7.08 target.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -15.80 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -11.40 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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AD8 STOCK CHART

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