Megaport Limited

ASX:MP1 Stock Report

Market Cap: AU$1.6b

Megaport Valuation

Is MP1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MP1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
AU$11.91
Fair Value
15.7% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: MP1 (A$10.04) is trading below our estimate of fair value (A$11.91)

Significantly Below Fair Value: MP1 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MP1?

Key metric: As MP1 is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MP1. This is calculated by dividing MP1's market cap by their current revenue.
What is MP1's PS Ratio?
PS Ratio7.8x
SalesAU$206.91m
Market CapAU$1.61b

Price to Sales Ratio vs Peers

How does MP1's PS Ratio compare to its peers?

The above table shows the PS ratio for MP1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average10.6x
MAQ Macquarie Technology Group
4.2x5.5%AU$1.5b
NXT NEXTDC
17.9x16.6%AU$7.2b
WRK Wrkr
13.3x57.0%AU$108.5m
AI1 Adisyn
7.1xn/aAU$38.3m
MP1 Megaport
7.8x12.5%AU$1.6b

Price-To-Sales vs Peers: MP1 is good value based on its Price-To-Sales Ratio (7.8x) compared to the peer average (10.6x).

Price to Sales Ratio vs Industry

How does MP1's PS Ratio compare vs other companies in the AU IT Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
CGO CPT Global
0.1xn/aUS$2.01m
No more companies available in this PS range
MP1 7.8xIndustry Avg. 1.5xNo. of Companies9PS01.63.24.86.48+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MP1 is expensive based on its Price-To-Sales Ratio (7.8x) compared to the Global IT industry average (1.5x).

Price to Sales Ratio vs Fair Ratio

What is MP1's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MP1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.8x
Fair PS Ratio6.6x

Price-To-Sales vs Fair Ratio: MP1 is expensive based on its Price-To-Sales Ratio (7.8x) compared to the estimated Fair Price-To-Sales Ratio (6.6x).

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 MP1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$10.04
AU$12.07
+20.2%
16.4%AU$17.59AU$9.00n/a16
Apr ’26AU$9.79
AU$12.07
+23.3%
16.4%AU$17.59AU$9.00n/a16
Mar ’26AU$11.12
AU$12.22
+9.9%
17.7%AU$18.47AU$9.00n/a15
Feb ’26AU$8.52
AU$9.75
+14.4%
16.9%AU$14.16AU$8.00n/a15
Jan ’26AU$7.37
AU$10.06
+36.5%
21.0%AU$16.05AU$8.00n/a15
Dec ’25AU$7.89
AU$10.22
+29.6%
20.0%AU$16.05AU$8.00n/a15
Nov ’25AU$6.81
AU$11.96
+75.6%
17.2%AU$16.05AU$8.00n/a15
Oct ’25AU$7.54
AU$12.21
+61.9%
16.7%AU$16.05AU$8.00n/a16
Sep ’25AU$8.54
AU$12.52
+46.5%
14.4%AU$16.05AU$10.00n/a16
Aug ’25AU$11.22
AU$15.11
+34.7%
10.6%AU$18.30AU$12.50n/a16
Jul ’25AU$10.95
AU$15.17
+38.6%
10.8%AU$18.30AU$12.50n/a15
Jun ’25AU$13.56
AU$15.33
+13.1%
10.5%AU$18.30AU$12.50n/a15
May ’25AU$13.23
AU$15.32
+15.8%
10.3%AU$18.30AU$12.50n/a15
Apr ’25AU$14.99
AU$15.19
+1.3%
12.0%AU$19.04AU$11.50AU$9.7915
Mar ’25AU$14.51
AU$14.62
+0.7%
11.8%AU$19.04AU$11.50AU$11.1215
Feb ’25AU$12.48
AU$14.21
+13.8%
12.0%AU$18.41AU$11.50AU$8.5215
Jan ’25AU$9.20
AU$13.18
+43.3%
18.2%AU$18.56AU$10.00AU$7.3714
Dec ’24AU$9.59
AU$13.18
+37.5%
18.2%AU$18.56AU$10.00AU$7.8914
Nov ’24AU$9.64
AU$13.20
+37.0%
18.2%AU$18.56AU$10.00AU$6.8114
Oct ’24AU$11.77
AU$13.63
+15.8%
19.8%AU$18.00AU$8.00AU$7.5414
Sep ’24AU$12.26
AU$13.52
+10.3%
20.5%AU$18.00AU$8.00AU$8.5414
Aug ’24AU$10.40
AU$11.39
+9.5%
18.9%AU$16.76AU$6.90AU$11.2214
Jul ’24AU$7.22
AU$8.47
+17.3%
35.7%AU$16.32AU$4.80AU$10.9514
Jun ’24AU$7.05
AU$8.35
+18.5%
37.1%AU$16.32AU$4.80AU$13.5614
May ’24AU$5.55
AU$8.16
+47.0%
39.0%AU$16.32AU$4.80AU$13.2314
Apr ’24AU$4.12
AU$8.44
+104.8%
38.9%AU$15.83AU$5.00AU$14.9914
AnalystConsensusTarget
Consensus Narrative from 16 Analysts
AU$12.07
Fair Value
16.8% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/04/17 11:05
End of Day Share Price 2025/04/17 00:00
Earnings2024/12/31
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Megaport Limited is covered by 22 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
April LowisBarrenjoey Markets Pty Limited
Eric ChoiBarrenjoey Markets Pty Limited
Aryan NoroziBarrenjoey Markets Pty Limited