MP1 3.95% $8.42 megaport limited

Ann: FY24 Guidance Update, page-14

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  1. 870 Posts.
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    Megaport (ASX: MP1) $12.15
    MP1 +16.94%: Most of their FY23 result had been pre-reported to the market, so no new news in that respect, however, the guidance for FY24 was a surprise both in terms of the quantum and the elevated detail which has been a major criticism in the past. MP1 guidance for FY24:

    • Revenue $190-195m (24-27% growth) – about inline with consensus at the upper end.
    • EBITDA $51-57m (152-182% growth) – v consensus of $42.2m = 21% upgrade
    • FY24 net cash flow positive
    Simply a huge turnaround for Megaport with top-line momentum remaining strong and EBITDA margins expanding.
 
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Last
$8.42
Change
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$8.16 $8.47 $8.10 $8.387M 1.005M

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No. Vol. Price($)
8 1696 $8.41
 

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