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Megaport Ltd (MP1) Fair Value & Analysis

Technology · AU · Market cap A$4.9B (≈ $3.5B) · ISIN AU000000MP15

What is Megaport Ltd really worth?

ML Megaport Ltd MP1 · AU
PriceA$16.99
Fair ValueA$3.48
Upside−79.5%
Quality60/100

A solid business, but trading 388% above our fair value of A$3.48.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +31.4 %/yr)
!Loss-making · -7.9% net margin
!Trails peers (2/12)
!Narrow moat 18/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 1 out of 100
Evidence: Medium Range A$2.43 – A$4.28

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from A$2.60 to A$3.48 (+33.8%) since Jul 12, 2026. Share price −5.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (A$4.28). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

A$21.88 A$3.96 Fair Value A$3.48 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range A$3.96 – A$21.88 · fair‑value band A$2.43 – A$4.28 · the A$16.99 price screens above the A$3.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Megaport Ltd (MP1) currently trades at A$16.99, while our model-based Fair Value estimate is A$3.48, implying the stock looks roughly 388.3% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of A$3.82 per share, and 0 of the 13 models we run sit above the A$16.99 price. Bear case: the Asset-Based group reads lowest at A$0.4900, and 13 of the 13 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Megaport Ltd generated revenue of A$255M at a net margin of −7.9%. Revenue grew 26.3% year over year. It earns a return on equity of −6.0%. The balance sheet holds a net cash position of A$73.8M. Fundamentals as of Aug 13, 2026

Our scenario range runs from A$2.43 (bear case) to A$4.28 (bull case); at A$16.99, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high and 165% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −32% fair-value upside, at −80%, MP1 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (A$0.1400 to A$5.76). Read the values as a conservative anchor, not as a price target.
Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF A$2.62 A$3.82 A$7.57 74
Growth DCF A$2.48 A$4.37 A$7.42 74
Owner Earnings A$0.9300 A$1.58 A$2.89 71
All 13 models by family
DCF Models
FCF DCF A$2.62 A$3.82 A$7.57 74
Owner Earnings A$0.9300 A$1.58 A$2.89 71
5Y Revenue Exit A$2.04 A$3.18 A$5.57 68
5Y EBITDA Exit A$2.79 A$4.70 A$8.45 70
10Y Revenue Exit A$2.18 A$4.17 A$5.40 64
10Y EBITDA Exit A$2.78 A$5.76 A$10.98 62
Dividend Discount
Gordon GGM A$0.0800 A$0.1600 A$0.2500 64
DDM Multi-Stage A$0.0800 A$0.1400 A$0.1700 65
Multiples
EV/EBITDA A$2.78 A$3.57 A$4.37 67
EV/Revenue A$1.67 A$2.21 A$2.76 54
Asset-Based
NCAV (Graham) A$0.3700 A$0.4900 A$0.7400 54
Growth DCF
Growth DCF A$2.48 A$4.37 A$7.42 74
Rev-Margin DCF A$2.21 A$3.58 A$6.47 68

Widest divergence: DCF Models (A$3.82) versus Dividend Discount (A$0.1400). Highest evidence: FCF DCF (74).

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Key figures & financial health

P/S ratio 19.1 TTM
EPS (TTM) A$−0.1300
Dividend yield 0.1%
Net margin −0.1% FY2025
Return on equity −6.0% TTM
Return on assets (EBIT) −10.0% avg 5y
More key figures
Profitability
Operating margin −2.8% TTM
Growth
Revenue (TTM) A$255M TTM
Revenue growth (YoY) +26.3% 3y avg +27.4%
EPS growth (YoY) −66.7%
Balance sheet & cash flow
Free cash flow A$33.9M FY2025
Net cash A$73.8M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 65 · Market factors (momentum, volatility) 51

Profitability 42
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Megaport Limited provides on-demand interconnection services in Australia, New Zealand, Hong Kong, Singapore, Japan, the United States of America, Canada, Mexico, and Brazil, and Europe. It operates a Software Defined Network platform that enables customers to connect their network to other services, as well as agile networking.

Full company description

Megaport Limited provides on-demand interconnection services in Australia, New Zealand, Hong Kong, Singapore, Japan, the United States of America, Canada, Mexico, and Brazil, and Europe. It operates a Software Defined Network platform that enables customers to connect their network to other services, as well as agile networking. The company also offers hybrid cloud, cloud to cloud, Virtual connectivity hub, global WAN, and data center interconnect solutions, as well as internet exchanges, megaport internet, and firewall as a service hosting services. The company was founded in 2013 and is headquartered in Fortitude Valley, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Megaport Ltd reported revenue of A$227M in FY2025 versus A$78.3M in FY2021, a compound +30.5%/yr. Reported net income was −A$292K in FY2025.

Growth Quality 67/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$227M
Latest YoY
+16.3%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.4%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+31.4%
Avg. revenue growth/yr (9Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+63.8%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +30.5%/yr
FY21 A$78.3M
FY22 A$110M
FY23 A$153M
FY24 A$195M
FY25 A$227M
Net income
FY21 −A$55.0M
FY22 −A$48.5M
FY23 −A$9.8M
FY24 A$9.6M
FY25 −A$292K

MP1 screens 388% overvalued. Compare with Microsoft Corporation →

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Cite: Fair Value Calculator (2026). "Megaport Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MP1

Peer Group

Software - Infrastructure · 369 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside −80% · Bottom 25%
Return on assets −1% · Below median
Net margin (TTM) −8% · Bottom 25%
Operating margin (TTM) −3% · Below median
Revenue growth 26% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.04× · Higher than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 19.71× · Pricier than 75% of peers
P/S (TTM) 13.80× · Pricier than 75% of peers
P/FCF 103.7× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 50
PAST0 · sector 15
HEALTH98 · sector 98
DIVIDEND1 · sector 26

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $480.35 $365.74 −24%
Oracle Corporation ORCL $151.94 $117.84 −22%
Fortinet, Inc FTNT $166.00 $61.46 −63%
Synopsys, Inc SNPS $442.61 $101.19 −77%
Block, Inc XYZ A$111.01 A$70.69 −36%
CoreWeave, Inc CRWV $105.26 $71.79 −32%
NetApp, Inc NTAP $190.64 $154.83 −19%
Adyen N.V ADYEN €1,007 €707.53 −30%
MongoDB, Inc MDB $440.58 $93.91 −79%
Okta, Inc OKTA $166.23 $30.50 −82%

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Frequently asked questions

Is Megaport Ltd (MP1) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of A$3.48 versus a price of A$16.99, about −80% upside (overvalued).
What is the fair value of MP1?
Our model-based fair value for Megaport Ltd is A$3.48 (as of Aug 13, 2026), built from audited fundamentals. The current price: A$16.99.
What is the quality score of MP1?
Megaport Ltd has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Megaport Ltd (MP1)?
Megaport Ltd reported trailing-twelve-month revenue of about A$255M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MP1?
The net profit margin of Megaport Ltd is about −7.9%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Megaport Ltd pay a dividend?
Megaport Ltd currently shows a dividend yield of about 0.06% relative to its recent price (as of Aug 13, 2026).
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