Megaport Limited

ASX:MP1 Stock Report

Market Cap: AU$1.2b

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-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 MP1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MP1 (A$7.62) is trading below our estimate of fair value (A$12.04)

Significantly Below Fair Value: MP1 is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MP1. This is calculated by dividing MP1's market cap by their current earnings.
What is MP1's PE Ratio?
PE Ratio127.2x
EarningsAU$9.61m
Market CapAU$1.24b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MP1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average44.7x
MAQ Macquarie Technology Group
67.6x3.7%AU$2.2b
ATA Atturra
36.6x16.9%AU$353.1m
DTL Data#3
23.1x9.6%AU$996.1m
HSN Hansen Technologies
51.6x22.2%AU$1.1b
MP1 Megaport
127.2x27.9%AU$1.2b

Price-To-Earnings vs Peers: MP1 is expensive based on its Price-To-Earnings Ratio (127.2x) compared to the peer average (44.7x).

Price to Earnings Ratio vs Industry

How does MP1's PE Ratio compare vs other companies in the Global IT Industry?

17 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MP1 127.2xIndustry Avg. 23.3xNo. of Companies100PE01632486480+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MP1 is expensive based on its Price-To-Earnings Ratio (127.2x) compared to the Global IT industry average (23.3x).

Price to Earnings Ratio vs Fair Ratio

What is MP1'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.

MP1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio127.2x
Fair PE Ratio50.3x

Price-To-Earnings vs Fair Ratio: MP1 is expensive based on its Price-To-Earnings Ratio (127.2x) compared to the estimated Fair Price-To-Earnings Ratio (50.3x).

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$7.62
AU$10.06
+32.1%
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$11.50n/a15
Mar ’25AU$14.51
AU$14.62
+0.7%
11.8%AU$19.04AU$11.50n/a15
Feb ’25AU$12.48
AU$14.21
+13.8%
12.0%AU$18.41AU$11.50n/a15
Jan ’25AU$9.20
AU$13.18
+43.3%
18.2%AU$18.56AU$10.00n/a14
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
Mar ’24AU$5.61
AU$8.58
+52.9%
35.5%AU$15.83AU$5.20AU$14.5115
Feb ’24AU$5.58
AU$8.89
+59.3%
37.7%AU$16.53AU$5.20AU$12.4815
Jan ’24AU$6.31
AU$10.29
+63.0%
35.7%AU$19.37AU$6.21AU$9.2015
Dec ’23AU$6.89
AU$10.29
+49.3%
35.7%AU$19.37AU$6.21AU$9.5915

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 Analysis2024/12/27 13:45
End of Day Share Price 2024/12/27 00:00
Earnings2024/06/30
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 here.

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 .

Analyst Sources

Megaport Limited is covered by 22 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
April LowisBarrenjoey Markets Pty Limited
Eric ChoiBarrenjoey Markets Pty Limited