Morningstar ups fair value estimate for Australia's Superloop after strong growth

Morningstar

03/06/2026 21:19

** Morningstar raises fair value estimate for fixed-line 
internet service provider Superloop SLC.AX by 3% to A$3 
** SLC's fair value estimate hike reflects stronger-than-anticipated momentum in customer additions, especially in wholesale, with costs of acquiring these customers firmly under control, adds Morningstar
** Superloop on Wednesday lifted FY26 underlying EBITDA forecast to A$118 million to A$122 million ($84.13 million to $86.99 million), and unveiled strategy to reach A$1 billion-plus in revenue by FY29, others 
** Morningstar lifts its FY26 EBITDA forecast by 5% to A$122 million, the top end of guidance
** The investment research firm says SLC's near-term earnings are on an upgrade cycle, consistently beating consensus, and longer-term aspirations imply maintenance of an impressive growth trajectory to FY29
** Seven of eight analysts rate the stock "buy" or higher, and one "hold"; their median PT is A$3.67 – LSEG data
** YTD, SLC up 38.6% as of last close

($1 = 1.4025 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))