NEXTED GROUP LIMITED (NXD)
Share Price Analysis and Chart

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NXD - NEXTED GROUP LIMITED

FNArena Sector : Education & Tuition
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: 2.64
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.17

22 Jul
2024

-0.005

OPEN

$0.18

-2.86%

HIGH

$0.18

109,898

LOW

$0.17

TARGET
$0.775 355.9% upside
OTHER COMPANIES IN THE SAME SECTOR
3PL . AKG . CLU . EVO . IEL . JAN . KED . OLL . RCL .
FNARENA'S MARKET CONSENSUS FORECASTS
NXD: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 1.7 - 0.3 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx1.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx102.2 M
Book Value Per Share xxxxxxxxxxxxxxx29.8
Net Operating Cash Flow xxxxxxxxxxxxxxx25.2 M
Net Profit Margin xxxxxxxxxxxxxxx3.53 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx5.68 %
Return on Invested Capital xxxxxxxxxxxxxxx3.99 %
Return on Assets xxxxxxxxxxxxxxx2.34 %
Return on Equity xxxxxxxxxxxxxxx5.68 %
Return on Total Capital xxxxxxxxxxxxxxx4.84 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx19.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx38 M
Total Debt xxxxxxxxxxxxxxx44 M
Goodwill - Gross xxxxxxxxxxxxxxx39 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx30 M
Price To Book Value xxxxxxxxxxxxxxx5.06

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx6.1 M
Capex % of Sales xxxxxxxxxxxxxxx6.01 %
Cost of Goods Sold xxxxxxxxxxxxxxx82 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx16 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

27/02/2024

1

Buy

$0.80

370.59%

A soft first half result from NextEd Group, according to Bell Potter. Revenue growth was as flagged, up 36% year-on-year to $59.2m, but both earnings (up 24% year-on-year) and net profit (down -$0.7m) disapointed the broker.

Bell Potter explains the revenue result was largely driven by growth in average English language students, but lower deferred revenue impacted on other metrics. The company does not anticipate the same level of negative operating cashflow in the second half.

The Buy rating is retained and the target price decreases to 80 cents from $1.05.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -0.30 cents.
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.20 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Petra Capital

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial

Canaccord Genuity

29/05/2024

1

Buy

$0.60

252.94%

Canaccord Genuity notes restrictive visa settings have impacted student enrolments, leading to an -8% decline in international student numbers for the March quarter.

The broker also acknowledges NextEd Group management's efforts to mitigate impacts through targeted course offerings and diversified campuses.

FY24 revenue is now expected to be $110.5m, down from $112.7m, and the forecast FY25 EBITDA has lowered to $13.1m from $18.4m. The broker remains optimistic about the long-term growth potential in vocational education offerings.

Canaccord Genuity maintains a Buy rating while lowering its price target to $0.60 from $0.70.

FORECAST
Canaccord Genuity forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -2.00 cents.
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.00 cents.
Access Stockbroker Research History >

NXD STOCK CHART

FNArena News on NXD

1
Australian Broker Call *Extra* Edition – Jul 04, 2024

Jul 04 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – May 29, 2024

May 29 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Mar 20, 2024

Mar 20 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Mar 12, 2024

Mar 12 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Mar 07, 2024

Mar 07 2024 - Daily Market Reports

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