Macquarie Technology Group Limited

ASX:MAQ Stock Report

Market Cap: AU$2.3b

Macquarie Technology Group Valuation

Is MAQ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MAQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate MAQ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MAQ's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MAQ?

Key metric: As MAQ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MAQ. This is calculated by dividing MAQ's market cap by their current earnings.
What is MAQ's PE Ratio?
PE Ratio68.8x
EarningsAU$33.00m
Market CapAU$2.28b

Price to Earnings Ratio vs Peers

How does MAQ's PE Ratio compare to its peers?

The above table shows the PE ratio for MAQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average76.5x
MP1 Megaport
139.3x31.9%AU$1.3b
OCL Objective
52.4x6.3%AU$1.6b
IRE Iress
86.5x29.6%AU$1.7b
DTL Data#3
27.8x10.9%AU$1.2b
MAQ Macquarie Technology Group
68.8x1.5%AU$2.3b

Price-To-Earnings vs Peers: MAQ is good value based on its Price-To-Earnings Ratio (68.8x) compared to the peer average (76.5x).

Price to Earnings Ratio vs Industry

How does MAQ's PE Ratio compare vs other companies in the Global IT Industry?

19 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MAQ 68.8xIndustry Avg. 23.2xNo. of Companies94PE01632486480+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MAQ is expensive based on its Price-To-Earnings Ratio (68.8x) compared to the Global IT industry average (23.2x).

Price to Earnings Ratio vs Fair Ratio

What is MAQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MAQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio68.8x
Fair PE Ratio44x

Price-To-Earnings vs Fair Ratio: MAQ is expensive based on its Price-To-Earnings Ratio (68.8x) compared to the estimated Fair Price-To-Earnings Ratio (44x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MAQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$88.05
AU$101.42
+15.2%
9.7%AU$116.00AU$84.90n/a6
Nov ’25AU$85.00
AU$101.42
+19.3%
9.7%AU$116.00AU$84.90n/a6
Oct ’25AU$82.71
AU$99.76
+20.6%
9.1%AU$116.00AU$84.90n/a6
Sep ’25AU$84.55
AU$99.76
+18.0%
9.1%AU$116.00AU$84.90n/a6
Aug ’25AU$95.30
AU$98.49
+3.3%
11.3%AU$118.00AU$81.65n/a6
Jul ’25AU$91.29
AU$91.37
+0.08%
7.8%AU$101.10AU$81.65n/a6
Jun ’25AU$83.76
AU$89.60
+7.0%
6.3%AU$100.00AU$81.65n/a6
May ’25AU$80.97
AU$90.07
+11.2%
6.5%AU$100.00AU$81.65n/a6
Apr ’25AU$79.59
AU$81.74
+2.7%
18.0%AU$93.00AU$50.00n/a6
Mar ’25AU$81.00
AU$79.92
-1.3%
17.3%AU$90.53AU$50.00n/a6
Feb ’25AU$71.09
AU$75.75
+6.6%
16.3%AU$87.50AU$50.00n/a6
Jan ’25AU$68.55
AU$73.06
+6.6%
17.1%AU$87.50AU$50.00n/a6
Dec ’24AU$68.73
AU$72.06
+4.8%
18.3%AU$87.50AU$50.00n/a6
Nov ’24AU$61.93
AU$72.06
+16.4%
18.3%AU$87.50AU$50.00AU$85.006
Oct ’24AU$63.40
AU$72.06
+13.7%
18.3%AU$87.50AU$50.00AU$82.716
Sep ’24AU$67.68
AU$72.06
+6.5%
18.3%AU$87.50AU$50.00AU$84.556
Aug ’24AU$67.82
AU$72.30
+6.6%
15.2%AU$87.50AU$51.00AU$95.306
Jul ’24AU$68.32
AU$72.27
+5.8%
15.2%AU$87.50AU$51.00AU$91.296
Jun ’24AU$59.62
AU$68.51
+14.9%
13.7%AU$80.00AU$51.00AU$83.766
May ’24AU$62.72
AU$68.51
+9.2%
13.7%AU$80.00AU$51.00AU$80.976
Apr ’24AU$58.45
AU$68.18
+16.6%
13.4%AU$80.00AU$51.00AU$79.596
Mar ’24AU$59.20
AU$66.83
+12.9%
13.3%AU$80.00AU$51.00AU$81.006
Feb ’24AU$54.80
AU$66.26
+20.9%
11.8%AU$76.50AU$51.00AU$71.096
Jan ’24AU$59.50
AU$66.25
+11.3%
11.6%AU$76.50AU$51.00AU$68.556
Dec ’23AU$59.00
AU$66.25
+12.3%
11.6%AU$76.50AU$51.00AU$68.736
Nov ’23AU$57.43
AU$66.25
+15.4%
11.6%AU$76.50AU$51.00AU$61.936

Analyst Forecast: Target price is less than 20% higher than the current share price.

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