Megaport Ltd (MP1) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Megaport Ltd stock A$3.88, price A$17.34, that is 77.6% below the price, quality 33 out of 100. Rating: strongly overvalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range A$3.96 – A$22.34 · fair‑value band A$3.20 – A$4.56 · the A$17.34 price screens above the A$3.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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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.
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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.
Stock analysis
Megaport Ltd (MP1) currently trades at A$17.34, while our model-based Fair Value estimate is A$3.88, 78% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: A$3.20 (bear) to A$4.56 (bull), the price of A$17.34 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 33/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Megaport Ltd reported revenue of A$312M in FY2026 versus A$110M in FY2022, a compound +29.9%/yr. Reported net income was −A$39.0M in FY2026.
Key figures
Market cap A$4.2B (≈ $2.9B) Mid · P/S ratio 12.3 · EPS (TTM) A$−0.2200 · Net margin −12.5% · Return on equity −6.6% · Return on assets (EBIT) −6.2% (5-year average) · Operating margin −16.0% · Revenue (TTM) A$312M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 158% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −11% fair-value upside, at −78%, MP1 screens richer than that median.
Fair Value models
BearA$3.20Fair Value A$3.88BullA$4.56
Price A$17.34 · Downside -77.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EV/EBITDAA$3.77A$4.57A$5.3767
NCAV (Graham)A$0.0700A$0.1100A$0.130055
All 2 models by family
Multiples
EV/EBITDAA$3.77A$4.57A$5.3767
Asset-Based
NCAV (Graham)A$0.0700A$0.1100A$0.130055
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.38/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+37.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+26.8%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+31.9%
Start year 2021 (pandemic). Over 10 years: +60.9% a year
Revenue growth 10 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+60.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−60.0% (2021) → −10.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
AI conclusion: High gross margins stand out as the main strength, yet this is offset by weak profitability and limited signals of a durable competitive advantage.
Main risk: The sharp increase in capital spending required to scale infrastructure may not be covered by cash flows from the new committed contracts, hitting ongoing investments and profitability.
Megaport is converting on-demand GPU capacity into multi-year committed contracts through its Latitude.sh subsidiary. These deals deliver substantial annual recurring revenue and margin expansion but also drive a sharp increase in capital spending. Will the locked-in cash flows from the new agreements cover the higher ongoing investments needed to scale the infrastructure?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Software - Infrastructure · 346 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score33 · Bottom 25%
Fair Value upside−77.6% · Bottom 25%
Profitability
Return on assets−2.7% · Below median
Net margin (12 months)−12.5% · Bottom 25%
Operating margin (12 months)−16.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)47.4% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
P/B4.20× · Priciest 25%
P/S (12 months)13.49× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)100· sector 60
PAST (return on equity)0· sector 23
HEALTH (low debt)99· sector 98
DIVIDEND (yield)0· sector 31
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Megaport Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MP1
Frequently asked questions
Is Megaport Ltd (MP1) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of A$3.88 versus a price of A$17.34, about 78% lower (overvalued).
What is the fair value of MP1?
Our model-based fair value for Megaport Ltd is A$3.88 (as of Nov 8, 2026), built from audited fundamentals. The current price: A$17.34.
What is the quality score of MP1?
Megaport Ltd has a Quality Score of 33/100. 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 price target for Megaport Ltd (MP1)?
Our model-based price target is the fair value of A$3.88 (as of Nov 8, 2026) from 2 valuation models. Cautious scenario A$3.20, optimistic scenario A$4.56. It is a calculation from audited fundamentals, not an analyst target.
What is the Megaport Ltd stock forecast for 2026?
Our models put fair value at A$3.88, about 78% lower versus a price of A$17.34 (overvalued). Cautious scenario A$3.20, optimistic scenario A$4.56. The calculation is refreshed regularly with new filings.
What is the revenue of Megaport Ltd (MP1)?
Megaport Ltd reported trailing-twelve-month revenue of about A$312M (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Megaport Ltd (MP1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Megaport Ltd it is A$3.88 per share (as of Nov 8, 2026), against a price of A$17.34. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Megaport Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, MP1 trades above its calculated fair value: price A$17.34, fair value A$3.88, a gap of about −78% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MP1?
No. The price is what the market pays today (A$17.34); the fair value is what the company's own numbers justify (A$3.88). For Megaport Ltd the two are A$13.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is Megaport Ltd worth?
The market values Megaport Ltd at about A$4.2B (market capitalisation, as of Nov 8, 2026). Per share that is A$17.34; our models calculate a fair value of A$3.88 per share.
What do the bullish and bearish scenarios say about MP1?
Our models span a range for Megaport Ltd: cautious scenario A$3.20, base A$3.88, optimistic A$4.56 per share (as of Nov 8, 2026, price A$17.34). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Megaport Ltd (MP1)?
Balance-sheet figures for Megaport Ltd (as of Nov 8, 2026): return on equity −6.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is MP1 from its 52-week high?
Megaport Ltd trades at A$17.34, about 22% below its 52-week high of A$22.34 and 158% above the low of A$6.71 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$3.88 is for.
Which stocks are comparable to Megaport Ltd?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Megaport Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price A$17.34, calculated fair value A$3.88 (−78%), Quality Score 33/100, from 2 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MP1 calculated?
We run Megaport Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of A$3.88 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Megaport Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Megaport Ltd (MP1)?
The closing price on Nov 9, 2026 was A$17.34. Our model-based fair value is A$3.88, about 78% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Megaport Ltd right now?
The price sits above even our optimistic bull case (A$4.56). The favourable scenario is already priced in. Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Megaport Ltd
How large is the market capitalisation of Megaport Ltd (MP1)?
The market capitalisation of Megaport Ltd is A$4.2B (≈ $2.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Megaport Ltd (MP1)?
The price-to-sales ratio of Megaport Ltd is 12.3 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Megaport Ltd (MP1)?
Earnings per share at Megaport Ltd are A$−0.2200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Megaport Ltd (MP1)?
The net margin of Megaport Ltd is −12.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Megaport Ltd (MP1)?
The return on equity (ROE) of Megaport Ltd is −6.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Megaport Ltd (MP1)?
On an EBIT basis the return on assets of Megaport Ltd is −6.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Megaport Ltd (MP1)?
The operating margin of Megaport Ltd is −16.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Megaport Ltd (MP1)?
Revenue at Megaport Ltd is growing +47.4% versus a year earlier (3y avg +26.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Megaport Ltd (MP1)?
Earnings per share at Megaport Ltd are growing −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Megaport Ltd (MP1) generate?
The free cash flow of Megaport Ltd is −A$237M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Megaport Ltd (MP1) hold?
Megaport Ltd holds more cash than debt, A$335M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026
