AUDINATE GROUP LIMITED (AD8)
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AD8 - AUDINATE GROUP LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 0.24
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

$13.62

22 Sep
2023

-0.140

OPEN

$13.56

-1.02%

HIGH

$13.65

211,550

LOW

$13.29

TARGET
$13.025 -4.4% downside
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FNARENA'S MARKET CONSENSUS FORECASTS
AD8: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 13.8 5.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A - 56.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 229.9 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% 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 © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx13.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx69.7 M
Book Value Per Share xxxxxxxxxxxxxxx116.5
Net Operating Cash Flow xxxxxxxxxxxxxxx12.4 M
Net Profit Margin xxxxxxxxxxxxxxx15.27 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.86 %
Return on Invested Capital xxxxxxxxxxxxxxx12.65 %
Return on Assets xxxxxxxxxxxxxxx10.80 %
Return on Equity xxxxxxxxxxxxxxx12.86 %
Return on Total Capital xxxxxxxxxxxxxxx0.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx11.2 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx3 M
Goodwill - Gross xxxxxxxxxxxxxxx9 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx40 M
Price To Book Value xxxxxxxxxxxxxxx7.98

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx15.4 M
Capex % of Sales xxxxxxxxxxxxxxx22.04 %
Cost of Goods Sold xxxxxxxxxxxxxxx60 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx10 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

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

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

22/08/2023

1

Overweight

$13.30

-2.35%

The FY23 result for Audinate Group beat expectations, with revenue of US$46.7m exceeding the US$43.3m expected by consensus. The 2H gross margin rebounded with scope for further normalisation, according to Morgan Stanley.

The broker highlights the company should now be self-funding with $2.5m free cash flow in the 2H and with $40m cash at bank. It's thought guidance for "Growth in US gross profit dollars consistent with historical performance" will be well received by the market.

Industry data continues to be supportive and Audinate's backlog remains at near record levels, observe the analysts.

Overweight rating. The target rises to $13.30 from $11. Industry view is In-Line. Morgan Stanley notes the company is now winning in video that previously occurred in audio. Management expects video endpoint sales to double.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 0.00 cents and EPS of 3.10 cents.
Morgan Stanley forecasts a full year FY25 dividend of 0.00 cents and EPS of 10.10 cents.

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

AD8 STOCK CHART

FNArena News on AD8

1
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Sep 13 2023 - Rudi's View
2
Rudi’s View: Resilience Shines, Forecasts Slide

Aug 23 2023 - Rudi's View
3
FNArena Corporate Results Monitor – 22-08-2023

Aug 22 2023 - Australia
4
Rudi Interviewed: Have Cash, Can Be Patient

Aug 10 2023 - Rudi's View
5
Rudi’s View: Helia, Hub24, Judo, QBE, ResMed, Santos, Telstra & Xero

Aug 09 2023 - Rudi's View

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