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Macquarie Telecom Group

ASX:MAQ
Snowflake Description

Excellent balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MAQ
ASX
A$543M
Market Cap
  1. Home
  2. AU
  3. Telecom
Company description

Macquarie Telecom Group Limited provides telecommunication and hosting services to corporate and government customers in Australia. The last earnings update was 37 days ago. More info.


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MAQ Share Price and Events
7 Day Returns
23.9%
ASX:MAQ
1.3%
AU Telecom
1.1%
AU Market
1 Year Returns
22.7%
ASX:MAQ
-3.8%
AU Telecom
-18.9%
AU Market
MAQ Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Macquarie Telecom Group (MAQ) 23.9% -4.7% 5.8% 22.7% 92.5% 401%
AU Telecom 1.3% -9.7% -10.1% -3.8% -27.5% -46.7%
AU Market 1.1% -20.8% -25% -18.9% -16% -16.4%
1 Year Return vs Industry and Market
  • MAQ outperformed the Telecom industry which returned -3.8% over the past year.
  • MAQ outperformed the Market in Australia which returned -18.9% over the past year.
Price Volatility
MAQ
Industry
5yr Volatility vs Market

Value

 Is Macquarie Telecom Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Macquarie Telecom Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Macquarie Telecom Group.

ASX:MAQ Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year AU Government Bond Rate 1.1%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:MAQ
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 1.1%
Equity Risk Premium S&P Global 5.4%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.358 (1 + (1- 30%) (15.38%))
0.596
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.08% + (0.8 * 5.44%)
5.43%

Discounted Cash Flow Calculation for ASX:MAQ using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Macquarie Telecom Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ASX:MAQ DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 5.43%)
2020 -30.40 Analyst x1 -28.83
2021 -15.20 Analyst x1 -13.67
2022 33.30 Analyst x1 28.41
2023 52.95 Est @ 59.02% 42.86
2024 75.00 Est @ 41.64% 57.57
2025 97.11 Est @ 29.47% 70.70
2026 117.46 Est @ 20.95% 81.11
2027 135.07 Est @ 14.99% 88.46
2028 149.68 Est @ 10.82% 92.98
2029 161.50 Est @ 7.9% 95.16
Present value of next 10 years cash flows A$514.00
ASX:MAQ DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$161.50 × (1 + 1.08%) ÷ (5.43% – 1.08%)
A$3,750.96
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$3,750.96 ÷ (1 + 5.43%)10
A$2,210.13
ASX:MAQ Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$514.00 + A$2,210.13
A$2,724.13
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$2,724.13 / 21.31
A$127.81
ASX:MAQ Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$127.81
Current discount Discount to share price of A$24.55
= -1 x (A$24.55 - A$127.81) / A$127.81
80.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Macquarie Telecom Group is available for.
Intrinsic value
>50%
Share price is A$24.55 vs Future cash flow value of A$127.81
Current Discount Checks
For Macquarie Telecom Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Macquarie Telecom Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Macquarie Telecom Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Macquarie Telecom Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Macquarie Telecom Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:MAQ PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in AUD A$0.70
ASX:MAQ Share Price ** ASX (2020-04-03) in AUD A$24.55
Australia Telecom Industry PE Ratio Median Figure of 6 Publicly-Listed Telecom Companies 26.88x
Australia Market PE Ratio Median Figure of 515 Publicly-Listed Companies 13.28x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Macquarie Telecom Group.

ASX:MAQ PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:MAQ Share Price ÷ EPS (both in AUD)

= 24.55 ÷ 0.70

34.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Macquarie Telecom Group is overvalued based on earnings compared to the AU Telecom industry average.
  • Macquarie Telecom Group is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does Macquarie Telecom Group's expected growth come at a high price?
Raw Data
ASX:MAQ PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 34.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
0.3%per year
Australia Telecom Industry PEG Ratio Median Figure of 6 Publicly-Listed Telecom Companies 1.28x
Australia Market PEG Ratio Median Figure of 337 Publicly-Listed Companies 1.04x

*Line of best fit is calculated by linear regression .

ASX:MAQ PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 34.98x ÷ 0.3%

106.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Macquarie Telecom Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Macquarie Telecom Group's assets?
Raw Data
ASX:MAQ PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in AUD A$5.35
ASX:MAQ Share Price * ASX (2020-04-03) in AUD A$24.55
Australia Telecom Industry PB Ratio Median Figure of 14 Publicly-Listed Telecom Companies 2.02x
Australia Market PB Ratio Median Figure of 1,614 Publicly-Listed Companies 1.23x
ASX:MAQ PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:MAQ Share Price ÷ Book Value per Share (both in AUD)

= 24.55 ÷ 5.35

4.59x

* Primary Listing of Macquarie Telecom Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Macquarie Telecom Group is overvalued based on assets compared to the AU Telecom industry average.
X
Value checks
We assess Macquarie Telecom Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Macquarie Telecom Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Macquarie Telecom Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Macquarie Telecom Group expected to grow at an attractive rate?
  • Macquarie Telecom Group's earnings growth is positive but not above the low risk savings rate of 1.1%.
Growth vs Market Checks
  • Macquarie Telecom Group's earnings growth is positive but not above the Australia market average.
  • Macquarie Telecom Group's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:MAQ Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:MAQ Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 0.3%
ASX:MAQ Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 7.4%
Australia Telecom Industry Earnings Growth Rate Market Cap Weighted Average -0.1%
Australia Telecom Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 10.1%
Australia Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:MAQ Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:MAQ Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-06-30 309 62 15 2
2021-06-30 288 58 14 2
2020-06-30 268 48 14 3
2020-04-03
ASX:MAQ Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-12-31 257 38 15
2019-09-30 252 38 16
2019-06-30 247 39 16
2019-03-31 243 41 17
2018-12-31 240 43 17
2018-09-30 237 43 17
2018-06-30 234 43 17
2018-03-31 231 43 17
2017-12-31 228 42 16
2017-09-30 224 42 15
2017-06-30 220 41 14
2017-03-31 215 41 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Macquarie Telecom Group's earnings are expected to grow by 0.3% yearly, however this is not considered high growth (20% yearly).
  • Macquarie Telecom Group's revenue is expected to grow by 7.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:MAQ Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Macquarie Telecom Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MAQ Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-06-30 0.70 0.70 0.70 1.00
2021-06-30 0.63 0.63 0.63 1.00
2020-06-30 0.66 0.66 0.66 1.00
2020-04-03
ASX:MAQ Past Financials Data
Date (Data in AUD Millions) EPS *
2019-12-31 0.70
2019-09-30 0.74
2019-06-30 0.78
2019-03-31 0.80
2018-12-31 0.82
2018-09-30 0.81
2018-06-30 0.81
2018-03-31 0.79
2017-12-31 0.77
2017-09-30 0.72
2017-06-30 0.68
2017-03-31 0.56

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Macquarie Telecom Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Macquarie Telecom Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Macquarie Telecom Group has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Macquarie Telecom Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Macquarie Telecom Group's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Macquarie Telecom Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Macquarie Telecom Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Macquarie Telecom Group's 1-year earnings growth is negative, it can't be compared to the AU Telecom industry average.
Earnings and Revenue History
Macquarie Telecom Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Macquarie Telecom Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:MAQ Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 257.48 14.89 3.72
2019-09-30 252.02 15.68 7.00
2019-06-30 246.57 16.48 10.29
2019-03-31 243.12 16.88 11.16
2018-12-31 239.68 17.29 12.03
2018-09-30 236.63 17.15 11.35
2018-06-30 233.59 17.01 10.67
2018-03-31 230.81 16.53 10.76
2017-12-31 228.04 16.04 10.86
2017-09-30 224.12 15.13 10.73
2017-06-30 220.20 14.21 10.61
2017-03-31 214.94 11.84 10.16
2016-12-31 209.68 9.46 9.71
2016-09-30 206.42 7.36 9.40
2016-06-30 203.16 5.25 9.09
2016-03-31 200.39 2.73 8.23
2015-12-31 197.62 0.21 7.37
2015-09-30 195.00 -2.04 6.87
2015-06-30 192.39 -4.28 6.37
2015-03-31 192.35 -3.99 6.46
2014-12-31 192.32 -3.69 6.55
2014-09-30 194.55 -2.23 6.70
2014-06-30 196.79 -0.78 6.85
2014-03-31 198.83 1.78 6.73
2013-12-31 200.88 4.34 6.62
2013-09-30 203.65 7.83 6.23
2013-06-30 206.41 11.33 5.85

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Macquarie Telecom Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Macquarie Telecom Group used its assets more efficiently than the AU Telecom industry average last year based on Return on Assets.
  • Macquarie Telecom Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Macquarie Telecom Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Macquarie Telecom Group has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Macquarie Telecom Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Macquarie Telecom Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Macquarie Telecom Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Macquarie Telecom Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Macquarie Telecom Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Macquarie Telecom Group Company Filings, last reported 3 months ago.

ASX:MAQ Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 113.85 7.00 6.86
2019-09-30 113.85 7.00 6.86
2019-06-30 106.71 0.00 17.06
2019-03-31 106.71 0.00 17.06
2018-12-31 96.84 0.00 14.27
2018-09-30 96.84 0.00 14.27
2018-06-30 93.36 0.44 30.30
2018-03-31 93.36 0.44 30.30
2017-12-31 89.34 0.00 21.31
2017-09-30 89.34 0.00 21.31
2017-06-30 86.43 0.89 31.77
2017-03-31 86.43 0.89 31.77
2016-12-31 83.49 0.00 24.68
2016-09-30 83.49 0.00 24.68
2016-06-30 82.43 0.00 36.47
2016-03-31 82.43 0.00 36.47
2015-12-31 84.24 0.00 25.35
2015-09-30 84.24 0.00 25.35
2015-06-30 87.51 21.00 6.41
2015-03-31 87.51 21.00 6.41
2014-12-31 89.27 29.00 7.00
2014-09-30 89.27 29.00 7.00
2014-06-30 91.79 23.50 4.72
2014-03-31 91.79 23.50 4.72
2013-12-31 95.46 24.00 11.14
2013-09-30 95.46 24.00 11.14
2013-06-30 97.61 9.00 9.70
  • Macquarie Telecom Group's level of debt (6.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (32.4% vs 6.1% today).
  • Debt is well covered by operating cash flow (544.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.2x coverage).
X
Financial health checks
We assess Macquarie Telecom Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Macquarie Telecom Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Macquarie Telecom Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Macquarie Telecom Group dividends. Estimated to be 0.85% next year.
If you bought A$2,000 of Macquarie Telecom Group shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Macquarie Telecom Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Macquarie Telecom Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:MAQ Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Australia Telecom Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 4.4%
Australia Market Average Dividend Yield Market Cap Weighted Average of 370 Stocks 5.5%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.7%
Australia Bottom 25% Dividend Yield 25th Percentile 3.2%
Australia Top 25% Dividend Yield 75th Percentile 8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:MAQ Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2022-06-30 0.50 2.00
2021-06-30 0.13 2.00
2020-06-30 0.00 2.00
2020-04-03
ASX:MAQ Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2020-02-26 0.000 0.000
2019-08-27 0.000 0.000
2019-02-26 0.000 0.000
2018-08-29 0.500 2.326
2018-02-27 0.500 2.558
2017-08-30 0.500 3.389
2017-02-28 0.500 3.705
2016-08-24 0.500 4.267
2016-02-23 0.500 4.569
2015-08-25 0.250 3.053
2015-02-25 0.000 0.000
2014-08-27 0.000 0.000
2014-02-26 0.240 3.554
2013-08-21 0.240 2.946
2013-02-20 0.240 2.899
2012-08-22 0.240 2.555
2012-02-23 0.240 2.666
2011-08-25 0.240 3.008
2011-02-24 0.200 1.928
2010-08-26 0.200 2.497

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Macquarie Telecom Group has not reported any payouts.
  • Unable to verify if Macquarie Telecom Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Macquarie Telecom Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Macquarie Telecom Group has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Macquarie Telecom Group's dividends in 3 years as they are not expected to pay a notable one for Australia.
X
Income/ dividend checks
We assess Macquarie Telecom Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Macquarie Telecom Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Macquarie Telecom Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Macquarie Telecom Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Tudehope
COMPENSATION A$1,234,300
AGE 52
TENURE AS CEO 5.8 years
CEO Bio

Mr. David Tudehope is a co-counder of Macquarie Telecom Group Limited (Alternative Name, is Macquarie Corporate Telecommunications Holdings Ltd.) and has been its Chief Executive Officer since July 22, 2014. Mr. Tudehope is responsible for overseeing the general management and strategic direction of Macquarie Telecom Group Ltd. and is actively involved in its participation in regulatory issues. Mr. Tudehope has been a Director at Macquarie Telecom Group Limited since 1992. He served as a Director of the Service Providers' Industry Association. He served as a Member of the Minister for Telecommunication's Australian Information Economy Advisory Council. He holds a Bachelor of Commerce Degree from University of NSW.

CEO Compensation
  • David's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • David's remuneration is about average for companies of similar size in Australia.
Management Team

David Tudehope

TITLE
Co-Founder
COMPENSATION
A$1M
AGE
52
TENURE
5.8 yrs

Aidan Tudehope

TITLE
Co-Founder
COMPENSATION
A$1M
AGE
47

Luke Clifton

TITLE
Group Executive of Macquarie Telecom
COMPENSATION
A$617K

James Mystakidis

TITLE
Group Executive of Macquarie Cloud Services
COMPENSATION
A$711K

David Hirst

TITLE
Group Executive
COMPENSATION
A$616K

Helen Cox

TITLE
Chief Financial Officer
TENURE
0.7 yrs

Michael Gold

TITLE
Company Secretary & General Counsel for the Group
Board of Directors Tenure

Average tenure and age of the Macquarie Telecom Group board of directors in years:

6.9
Average Tenure
52
Average Age
  • The tenure for the Macquarie Telecom Group board of directors is about average.
Board of Directors

Peter James

TITLE
Chairman
COMPENSATION
A$219K
AGE
69
TENURE
5.8 yrs

David Tudehope

TITLE
Co-Founder
COMPENSATION
A$1M
AGE
52
TENURE
28.3 yrs

Aidan Tudehope

TITLE
Co-Founder
COMPENSATION
A$1M
AGE
47
TENURE
28.3 yrs

Bart Vogel

TITLE
Non-Executive Director
COMPENSATION
A$142K
AGE
62
TENURE
5.8 yrs

Anouk Darling

TITLE
Non-Executive Director
COMPENSATION
A$126K
AGE
49
TENURE
8.1 yrs

Adelle Howse

TITLE
Independent Non-executive Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
28. Nov 19 Buy Viburnum Funds Pty Ltd. Company 15. Jan 19 27. Nov 19 430,933 A$23.08 A$9,591,021
25. Sep 19 Sell Australian Ethical Investment Ltd Company 10. May 16 23. Sep 19 -289,139 A$26.55 A$-6,144,758
X
Management checks
We assess Macquarie Telecom Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Macquarie Telecom Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Have Insiders Been Selling Macquarie Telecom Group Limited (ASX:MAQ) Shares This Year?

So we'll take a look at whether insiders have been buying or selling shares in Macquarie Telecom Group Limited (ASX:MAQ). … So What Do The Macquarie Telecom Group Insider Transactions Indicate? … It's great to see high levels of insider ownership, but looking back at the last year, we don't gain confidence from the Macquarie Telecom Group insiders selling.

Simply Wall St -

A Close Look At Macquarie Telecom Group Limited’s (ASX:MAQ) 23% ROCE

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Macquarie Telecom Group: 0.23 = AU$25m ÷ (AU$146m - AU$40m) (Based on the trailing twelve months to December 2018.) Therefore, Macquarie Telecom Group has an ROCE of 23%. … What Are Current Liabilities, And How Do They Affect Macquarie Telecom Group's ROCE? … Our Take On Macquarie Telecom Group's ROCE With low current liabilities and a high ROCE, Macquarie Telecom Group could be worthy of further investigation.

Simply Wall St -

Can Macquarie Telecom Group Limited (ASX:MAQ) Maintain Its Strong Returns?

Our data shows Macquarie Telecom Group has a return on equity of 18% for the last year. … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Macquarie Telecom Group: 18% = AU$21m ÷ AU$97m (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Macquarie Telecom Group's Debt And Its 18% ROE One positive for shareholders is that Macquarie Telecom Group does not have any net debt!

Simply Wall St -

What Kind Of Shareholder Owns Most Macquarie Telecom Group Limited (ASX:MAQ) Stock?

A look at the shareholders of Macquarie Telecom Group Limited (ASX:MAQ) can tell us which group is most powerful. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' Macquarie Telecom Group is not a large company by global standards. … See our latest analysis for Macquarie Telecom Group ASX:MAQ Ownership Summary, July 4th 2019 What Does The Institutional Ownership Tell Us About Macquarie Telecom Group?

Simply Wall St -

These Fundamentals Make Macquarie Telecom Group Limited (ASX:MAQ) Truly Worth Looking At

In the case of MAQ, it is a company with great financial health as well as a a great history of performance. … ASX:MAQ Income Statement, June 20th 2019 Next Steps: For Macquarie Telecom Group, I've compiled three pertinent factors you should further research: Future Outlook: What are well-informed industry analysts predicting for MAQ’s future growth? … Take a look at our free research report of analyst consensus for MAQ’s outlook.

Simply Wall St -

Shareholders Are Thrilled That The Macquarie Telecom Group (ASX:MAQ) Share Price Increased 184%

For instance, the price of Macquarie Telecom Group Limited (ASX:MAQ) stock is up an impressive 184% over the last five years. … During five years of share price growth, Macquarie Telecom Group achieved compound earnings per share (EPS) growth of 37% per year. … Macquarie Telecom Group's TSR over the last 5 years is 228%; better than its share price return.

Simply Wall St -

Does Macquarie Telecom Group Limited's (ASX:MAQ) CEO Salary Compare Well With Others?

Check out our latest analysis for Macquarie Telecom Group How Does David Tudehope's Compensation Compare With Similar Sized Companies? … Our data indicates that Macquarie Telecom Group Limited is worth AU$426m, and total annual CEO compensation is AU$872k. … I think that the total shareholder return of 87%, over three years, would leave most Macquarie Telecom Group Limited shareholders smiling.

Simply Wall St -

Have Insiders Been Selling Macquarie Telecom Group Limited (ASX:MAQ) Shares?

See our latest analysis for Macquarie Telecom Group Macquarie Telecom Group Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the Co-Founder, David Tudehope, sold AU$17m worth of shares at a price of AU$20.60 per share. … Insider Ownership of Macquarie Telecom Group For a common shareholder, it is worth checking how many shares are held by company insiders. … It's great to see high levels of insider ownership, but looking back at the last year, we don't gain confidence from the Macquarie Telecom Group insiders selling.

Simply Wall St -

Macquarie Telecom Group Limited (ASX:MAQ) Earns Among The Best Returns In Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Is Now The Time To Put Macquarie Telecom Group (ASX:MAQ) On Your Watchlist?

In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Macquarie Telecom Group (ASX:MAQ). … Like a wedge-tailed eagle on the wind, Macquarie Telecom Group's EPS soared from AU$0.77 to AU$1.01, in just one year. … While we note Macquarie Telecom Group's EBIT margins were flat over the last year, revenue grew by a solid 5.1% to AU$240m.

Simply Wall St -

Company Info

Description

Macquarie Telecom Group Limited provides telecommunication and hosting services to corporate and government customers in Australia. It offers voice services, such as fixed-line voice, unified communications, and video and Web conferencing services; managed mobility services and mobile management tools; and cloud services, including hybrid, VMWare, and private cloud services, as well as dedicated servers, colocation, managed hosting, management tools, SD-WAN, and data center extension services. The company also provides data services, including Internet, fixed wireline Ethernet, private IP-VPN, Cisco Meraki, business NBN, international data links, SIP trunking, SaaS enabled WAN, secure remote access, and business Ethernet access. Macquarie Telecom Group Limited was founded in 1992 and is headquartered in Sydney, Australia.

Details
Name: Macquarie Telecom Group Limited
MAQ
Exchange: ASX
Founded: 1992
A$543,275,354
21,313,274
Website: http://www.macquarietelecom.com
Address: Macquarie Telecom Group Limited
2 Market Street,
Level 15,
Sydney,
New South Wales, 2000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX MAQ Ordinary Shares Australian Securities Exchange AU AUD 27. Sep 1999
CHIA MAQ Ordinary Shares Chi-X Australia AU AUD 27. Sep 1999
Number of employees
Current staff
Staff numbers
433
Macquarie Telecom Group employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 10:32
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/03
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.