Executive Summary
Audinate Group Limited develops and sells digital audio visual networking solutions worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential with adequate balance sheet.
Similar Companies
Share Price & News
How has Audinate Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AD8 is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: AD8's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
5.1%
AD8
5.2%
AU Electronic
1.5%
AU Market
1 Year Return
28.2%
AD8
128.8%
AU Electronic
35.6%
AU Market
Return vs Industry: AD8 underperformed the Australian Electronic industry which returned 128.8% over the past year.
Return vs Market: AD8 underperformed the Australian Market which returned 35.6% over the past year.
Shareholder returns
| AD8 | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.1% | 5.2% | 1.5% |
| 30 Day | 2.8% | 9.5% | 2.6% |
| 90 Day | -3.7% | 23.3% | 2.5% |
| 1 Year | 28.2%28.2% | 134.3%128.8% | 39.8%35.6% |
| 3 Year | 140.6%140.6% | 215.5%194.6% | 35.1%18.7% |
| 5 Year | n/a | 278.3%246.0% | 67.0%34.3% |
Long-Term Price Volatility Vs. Market
How volatile is Audinate Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
If You Had Bought Audinate Group (ASX:AD8) Shares Three Years Ago You'd Have Earned 226% Returns2 months ago | Simply Wall St
Is It Time To Consider Buying Audinate Group Limited (ASX:AD8)?3 months ago | Simply Wall St
Is Audinate Group Limited (ASX:AD8) Expensive For A Reason? A Look At Its Intrinsic ValueValuation
Is Audinate Group undervalued compared to its fair value and its price relative to the market?
7.07x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: AD8 (A$7.46) is trading above our estimate of fair value (A$3.39)
Significantly Below Fair Value: AD8 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AD8 is unprofitable, so we can't compare its PE Ratio to the XO Electronic industry average.
PE vs Market: AD8 is unprofitable, so we can't compare its PE Ratio to the Australian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate AD8's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: AD8 is overvalued based on its PB Ratio (7.1x) compared to the AU Electronic industry average (3.4x).
Future Growth
How is Audinate Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
81.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AD8 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: AD8 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: AD8's is expected to become profitable in the next 3 years.
Revenue vs Market: AD8's revenue (24.1% per year) is forecast to grow faster than the Australian market (5.8% per year).
High Growth Revenue: AD8's revenue (24.1% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AD8's Return on Equity is forecast to be low in 3 years time (12.3%).
Past Performance
How has Audinate Group performed over the past 5 years?
40.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AD8 is currently unprofitable.
Growing Profit Margin: AD8 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: AD8 is unprofitable, but has reduced losses over the past 5 years at a rate of 40.9% per year.
Accelerating Growth: Unable to compare AD8's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: AD8 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (10%).
Return on Equity
High ROE: AD8 has a negative Return on Equity (-7.07%), as it is currently unprofitable.
Financial Health
How is Audinate Group's financial position?
Financial Position Analysis
Short Term Liabilities: AD8's short term assets (A$71.2M) exceed its short term liabilities (A$6.3M).
Long Term Liabilities: AD8's short term assets (A$71.2M) exceed its long term liabilities (A$2.0M).
Debt to Equity History and Analysis
Debt Level: AD8 is debt free.
Reducing Debt: AD8 has not had any debt for past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if AD8 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if AD8 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Dividend
What is Audinate Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate AD8's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate AD8's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if AD8's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if AD8's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of AD8's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.0yrs
Average board tenure
CEO
Aidan Williams
1.58yrs
Tenure
AU$559,329
Compensation
Mr. Aidan Williams is Co-Founder of Audinate Group Limited. He serves as Chief Executive Officer and Director at Audinate Group Limited since September 16, 2019 and served as its Chief Technology Officer s...
CEO Compensation Analysis
Compensation vs Market: Aidan's total compensation ($USD427.20K) is below average for companies of similar size in the Australian market ($USD690.63K).
Compensation vs Earnings: Aidan's compensation has increased whilst the company is unprofitable.
Board Members
Experienced Board: AD8's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.5%.
Top Shareholders
Company Information
Audinate Group Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Audinate Group Limited
- Ticker: AD8
- Exchange: ASX
- Founded: 2003
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: AU$569.009m
- Shares outstanding: 76.27m
- Website: https://www.audinate.com
Number of Employees
Location
- Audinate Group Limited
- 64 Kippax Street
- Level 7
- Surry Hills
- New South Wales
- 2010
- Australia
Listings
Biography
Audinate Group Limited develops and sells digital audio visual networking solutions worldwide. It offers Dante Controller, a software application that enables users to route audio and configure devices on ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/10 08:22 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/06/30 |
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.